A CloudBest worker has revealed BehindMLM’s ongoing protection of fraud has left Mining Metropolis feeling “humiliated”.
On June third Wojciech Orych, who identifies himself as an Info Safety Analyst, wrote in requesting data on BehindMLM (emphasis mine).
Hello,
I’m an Info Safety Analyst in CloudBest firm, which supplies IT service for Mining Metropolis firm.
We wish to know as a lot data as you possibly can present to us about scamponzi.com area.
This area serves a weblog with a sequence of adverse and pretend articles about Mining Metropolis and extra.
Resulting from the truth that Mining Metropolis is a fast-growing model, this can be very necessary for us to duly shield our greatest repute and accordingly forestall any actions that could be carried out so as to harm Mining Metropolis’s model repute in any method.
We wish to kindly inform you that the habits of the area proprietor could also be certified within the gentle of legal regulation as slander, as a result of it’s false, not supported by any proof and humiliating our firm within the public opinion and exposing it to lack of belief, each particular person and public.
Because the creator is just not open to dialogue and cooperation, we needed to ask the Authorized Division for assist.
For this function, we have to discover out as a lot data as attainable in regards to the area proprietor, we want it to go to court docket.
In case you have any query fell free to ask me.
Wojciech Orych
Regardless of discovering the declare I wasn’t “open to dialogue and cooperation” offensive, I let it slide. I archived Orych’s electronic mail and obtained on with it.
I figured that’d be the top of it however Orych then emailed me once more as we speak;
Howdy,
Might you reply my query under?
What’s the standing of my ticket.
Usually I don’t hassle publicly addressing authorized enquiries as they usually go like this:
- Random lawyer employed by scammers writes in claiming defamation/libel/false reporting and so forth. and so forth., no particular examples supplied.
- I inform them BehindMLM stands by its analysis and reporting and in the event that they wish to particularly deal with any of the claims made we will go from there.
- I by no means hear from them once more.
This occurs on common about as soon as a month. I had one different authorized electronic mail earlier this month, which I can’t reply to as a result of the lawyer forgot to incorporate their electronic mail deal with.
Within the case of Orych’s authentic electronic mail, you possibly can see nothing particularly is referenced, he’s simply fishing for data.
Anyway seeing Orych appears to suppose BehindMLM has some kind of ticket system, and that that is notably slimy habits, I assumed I’d deal with his deceit publicly.
Whereas BehindMLM’s reporting of Mining Metropolis may be construed as adverse, nonetheless it’s grounded in correct analysis supported by details.
As to what particularly Mining Metropolis is feeling humiliated about, I don’t know. However right here’s a run down of BehindMLM’s protection to this point;
Mining Metropolis, Mining Finest, Cloud Finest and all of proprietor Eyal Avramovich’s different related shell firms, are a part of the identical Ponzi scheme launched in mid 2019.
Mining Metropolis launched on or round Might 2019. The unique pitch noticed Mining Metropolis solicit funding in bitcoin, on the promise of a return paid through bitcoin mining.
The mining supposedly befell in Khazakhstan by way of MineBest.
Avramovich put MineBest worker Grzegorz Rogowski in control of Mining Metropolis.
Regardless of providing a passive funding scheme, at no level has Mining Metropolis registered with monetary regulators as is legally required.
With out audited monetary reviews verifying exterior income technology, the one ever verifiable income coming into Mining Metropolis has been new funding.
Eyal Avramovich is aware of he and his firms committing securities fraud.
To keep away from consideration of the SEC, essentially the most energetic securities regulator, the US is blocked from accessing Mining Metropolis’s web site.
A meaningless pseudo-compliance gesture:
Not surprisingly, inside just a few months Mining Metropolis went into decline. This prompted Avramovich to launch the shitcoin Bitcoin Vault (BTCV).
As a substitute of paying out bitcoin Mining Metropolis switched to BTCV, which means Eyal Avramovich saved a bigger share of invested bitcoin.
When Mining Metropolis started to break down once more, BTCV was dumped on dodgy public exchanges in April 2020.
After a pump tied to recruitment of latest Mining Metropolis buyers, Mining Metropolis dumped from a excessive of ~$443 on August twentieth, 2020, to $119 by September 2nd.
Since then it’s been the standard dumped shitcoin slow-bleed in direction of $0.
BTCV is presently buying and selling at $20.39. Every day quantity is usually lower than 1,000,000 a day – and most of that’s seemingly inner buying and selling.
Curiosity in BTCV outdoors of Mining Metropolis has all the time been non-existent. Mining Metropolis themselves have deserted BTCV, deflecting affiliate enquiries to “Bitcoin Vault instantly”:
On its standalone web site Bitcoin Vault represents it’s owned by Electrical Vault Sp. z o.o.
That is in fact simply one other shell firm owned by Eyal Avramovich.
In December 2020 Avramovich determined to launch one other Mining Metropolis shitcoin, Electrical Money (ELCASH).
Like BTCV, ELCASH was simply an excuse to con Mining Metropolis buyers out of more cash.
Current BTCV bagholders have been promised ELCASH to maintain them quiet.
Avramovich learnt from his mistake in not dumping BTCV on public exchanges until the final attainable minute.
Subsequently ELCASH stays inside Mining Metropolis, its inner worth determined by Avramovich or whoever he’s put in cost.
ELCASH was purported to function a BTCV funding incentive. To this point it has had no noticeable influence.
This prompted Mining Metropolis to introduce mounted ROI plans in April 2021. Paid in nugatory BTCV in fact, so who cares.
A number of days after that, on April 14th, Mining Metropolis introduced a fireplace at its Kazakhstan mining facility.
A number of days later there was some baloney a few pretend Mining Metropolis app and hacking.
For no matter motive, neither exit-scam facade caught.
On the regulatory entrance Mining Metropolis has acquired securities fraud warnings from the Philippines and Canada.
The Philippines warning was notably embarrassing for Avramovich.
In response to the SEC’s fraud warning, Mining Metropolis hurriedly arrange the shell firm Prophetek Mining Metropolis and tried to register it.
This was accompanied by an announcement from Mining Metropolis, claiming;
We performed a video name on twenty seventh October 2020 with a consultant supervisor of the SEC workplace within the Philippines, and it’s been estimated that the method shall be accomplished inside per week from that date, topic to no additional delays.
The SEC will then announce the end result to the general public.
Inside 24 hours the Philippine SEC put out one other advisory, stating;
This DISCLAIMER-ADVISORY is prompted by quite a few reviews, inquiries, together with posts and movies circulating on social media and video-sharing websites the place it has been made to look that MINING CITY or variations of its title akin to, amongst others, PROPHETEK MININGCITY, OPC and different entities linked with it, have accomplished the SEC firm registration course of or have in reality been registered with the Fee.
That is apparently an effort by people or group of individuals to mislead the general public utilizing such false representations to create a semblance of legality to the operations of MINING CITY for the aim of attractive the general public to inv est in its scheme which was topic of an ADVISORY issued by the Fee on September 10, 2020.
Therefore, opposite to those claims and for the steerage and knowledge of the general public, per information of the Fee, MINING CITY, PROPHETEK MINING CITY, OPC or any variation of such title utilizing the foundation phrase MINING CITY or any entity linked with it, are NOT REGISTERED with the Fee.
Likewise, opposite to stated false representations, MINING CITY, PROPHETEK MINING CITY, OPC or any variation of such title utilizing the foundation phrase MINING CITY or any entity linked with it, haven’t been issued a secondary license to solicit investments or supply securities to the general public for no matter function.
As such, MINING CITY, PROPHETEK MINING CITY, OPC or any entity associated to MINING CITY, are NOT AUTHORIZED to solicit, supply, settle for or take investments/placements from the general public nor to subject funding contracts and different types of securities.
The providing and promoting of securities within the type of funding contracts with badges of a “Ponzi Scheme,” which is inherently fraudulent and unsustainable, is NOT a registrable safety.
The Fee won’t subject a Allow/License to Supply and Promote Securities to the Public to individuals or entities which might be engaged on this enterprise or scheme.
The general public is once more suggested NOT TO INVEST or STOP INVESTING in any scheme provided by MINING CITY.
Mining Metropolis quietly deserted the Philippines and by no means introduced it up once more.
Is the documented blow by blow of Mining Metropolis’s Ponzi scheme on BehindMLM humiliating?
In all probability. However it’s based mostly on details and occasions that really occurred.
Reporting the details isn’t slanderous. Nor does BehindMLM’s protection represent “pretend articles” (no matter that’s).
In any occasion scammers crying about BehindMLM’s content material is nothing new.
What I took explicit offense to was Wojciech Orych claiming “the creator is just not open to dialogue and cooperation”.
Until I’m mistaken, the one time Mining Metropolis has reached out to me was to fake the Philippine SEC was mendacity.
I documented that backwards and forwards within the linked article above. That dialogue ended when the Philippine SEC clarified Mining Metropolis was not registered and that it was a Ponzi scheme.
That brutal takedown got here by the hands of the Philippine SEC, not me. However extra importantly, I used to be engaged in a dialogue with Mining Metropolis main up that humiliation.
Neither Mining Metropolis or any of Avramovich’s different shell firms have contacted me about something since.
Wojciech Orych now phishing for data on the false pretense I’m not open to dialogue, is simply … effectively it’s what you’d anticipate from a bunch of Ponzi scammers.
Little doubt Avramovich is feeling emboldened by Polish authorities so far taking no motion towards his Ponzi scheme.
Finally nonetheless the details, as reported by BehindMLM are truthful no solely by means of being self-evident in an of themselves – but in addition by way of discovery ought to it ever come to that.
You suppose the Philippine SEC left you with no garments Eyal? I do know precisely what to ask for in discovery.
Whereas it’s uncertain Mining Metropolis reached the $722 million greenback heights of BitClub Community, which it’s remarkably just like, I’d nonetheless wager Avramovich has taken in tens of tens of millions over the previous two years.
BTCV’s $400+ pump may even have broke Avramovich into the a whole lot of tens of millions.
Hopefully at some point regulation enforcement in Poland or another jurisdiction catches up with him and Rogowski.
Within the meantime, give up it with the butthurt goon squad emails. Thanks.
In an effort to keep up BehindMLM’s dedication to “open to dialogue and cooperation” with Mining Metropolis, I’ve directed Wojciech Orych to this text as a response.
I’ll publish an replace under if I hear something again.