Moderately than deal with the a number of securities fraud warnings issued towards it, Thoughts Capital is now pretending they’re based mostly out of Kazakhstan.
Oh and so they’ve additionally initiated a shitcoin exit-scam, with a number of tokens.
Thoughts Capital is an easy Ponzi scheme advertising and marketing a 1.8% day by day return. The corporate is run by scammers out of Spain, headed up by figurehead Gonzalo Garcia-Pelayo (proper).
Up to now securities fraud warnings have been issued towards Thoughts Capital within the Spain and the US. Thoughts Capital can also be banned in Italy.
To that finish Thoughts Capital has turned to Kazakhstan, a rustic not recognized for actively regulating securities fraud.
Thoughts Capital claims its going to open workplaces in Kazakhstan, however for now seems to exist there solely on paper.
In late October Thoughts Capital included the shell firm Thoughts Capital Tech S.L. Thoughts Capital Tech S.L. has additionally been registered with the Astana Monetary Companies Authority, which seems to be Kazakhstan’s SEC equal.
It’s price noting that this doesn’t imply Thoughts Capital has filed any audited monetary experiences with the AFSA. And in addition that registration with the AFSA has no bearing on securities fraud dedicated by Thoughts Capital exterior of Kazakhstan.
It ought to come as no shock that Kazakhstan just isn’t a main supply of recent funding for Thoughts Capital. The Ponzi scheme is presently primarily energetic in Mexico, Argentina and Venezuela (Alexa).
Thoughts Capital just isn’t registered to supply securities in any of these international locations and operates illegally.
Coinciding with a decline in web site visitors over the previous three months, which places MLM Ponzi schemes on the highway to break down, Thoughts Capital has initiated a token exit-scam.
Moderately than proceed to pay out in bitcoin, Thoughts Capital now pays out in nugatory MCcoin.
MCcoin is an inner token that has no worth exterior of Thoughts Capital. Affiliate traders money out MCcoin for so long as Thoughts Capital lets them by means of an inner trade.
The exit-scam comes into play when Thoughts Capital decides they don’t need to pay out anymore.
Thoughts Capital’s admin group retains what’s left of invested bitcoin (on high of what they’ve already squirreled away), leaving affiliate traders bagholding a token they will’t do something with.
On high of this Thoughts Capital can also be initiating what they’re calling “Nemesis Tokens”.
At thoughts.capital we’ve created a collection of our personal tokens based mostly on totally different crypto-assets.
Every group of crypto-assets of NEMESIS has a internet asset worth that’s tokenized and isn’t correlated with the market.
As with MCcoin, Nemesis tokens are nugatory. Thoughts Capital creates them out of skinny air utilizing no matter shitcoin scrip they’ve bought.
In a nutshell, MCExchange, Thoughts Capital’s inner trade, is now a Ponzi shitcoin manufacturing facility.
At thoughts.capital we’ve created a collection of our personal tokens based mostly on totally different crypto-assets.
Every group of crypto-assets of NEMESIS has a internet asset worth that’s tokenized and isn’t correlated with the market.
While you purchase the tokens on MCExchange you’re robotically collaborating within the totally different crypto-assets that make it up in line with the proportion that every one represents.
Launch a brand new token, milk affiliate traders for extra bitcoin, wait until funding slows after which launch one other new token, milk associates once more… and maintain doing this till it’s not possible.
Cue exit-scam and sorry on your loss.
Keep in mind that Thoughts Capital launched beneath the guise returns can be generated by way of a buying and selling bot. If that was the case (which it isn’t), there’d be no want for Ponzi shitcoin shenanigans.
Thoughts Capital is now following the trajectory of your typical MLM crypto Ponzi scheme, making an attempt to fend of inevitable decline.
Math is math and nearly all of traders in Ponzi schemes are assured to lose cash.
Replace 14th August 2021 – Thoughts Capital’s exit-scam is full, prompting the corporate to pull its web site offline.