Quite than simply admit USI-Tech was a Ponzi scheme that collapsed, house owners Joao Severino, Horst Jicha and Ralf Gold proceed to string buyers alongside.
Of their newest communication, USI-Tech now blame non-payment on the state of the cryptocurrency mining trade.Citing unspecified “amendments within the crypto rules”, a couple of hours in the past USI-Tech knowledgeable associates;
Firstly, the mining trade has not been very profitable and worthwhile for miners the final a number of months.
Additionally, among the amendments within the crypto rules aren’t in favor of the miners, making mining extra urgent and difficult.
We have now exhausted our resourced to stabilize the trade and make mining as rewarding as doable, however these adjustments restricted us from reaching so.
The solely legislation that governs USI-Tech’s BTC Bundle Ponzi scheme is securities legislation – which was launched again in 1933.
The adjustments in legislation USI-Tech are referring to? Who is aware of…
You may strive asking however seeing as that is the primary communication buyers have acquired for months, don’t maintain your breath on a solution.
With current buyers unpaid for the reason that Texas Securities Division issued USI-Tech with a stop and desist final December, the corporate advises it is going to not settle for new funding (individuals have been nonetheless investing?!).
In associated information, USI-Tech seems to have ditched the Canadian legal professional representing them in Ontario.
Following Texas and quite a few Canadian provinces, Ontario issued USI-Tech with a securities fraud stop and desist in February.
The order has since been prolonged until January 2019. Within the meantime, a September eleventh order issued by the Ontario Securities Fee reveals
USI Tech Restricted has terminated its retainer with Gowling WLG (Canada) LLP.
For essentially the most half, USI-Tech buyers seem to have come to phrases with having misplaced their cash in a Ponzi scheme.
In response to USI-Tech’s newest communication, an affiliate going by the moniker “Drunk Bob” claims “his boys” lately paid a go to to Ralf Gold’s residence in Manchester, England.
There they found a yellow Lamborghini in Gold’s allotted parking spot.
Replace 2nd February 2019 – As of January thirtieth 2019, “Drunk Bob” has eliminated his video from YouTube. /finish replace
Thus far there hasn’t been any indication authorities within the UK are investigating USI-Tech.
We turned conscious of a Washington state investigation again in March, nonetheless nothing additional has emerged since then.