Usi Tech Forex Trading Software
| Founding location |  UAE |
|---|---|
| Territory | Global |
| Activities | Ponzi scheme |
USI Tech Limited (also known as United Software Intelligence, or stylised every bit USI-TECH) was a Dubai-based cryptocurrency and forex platform trading provider, suspected to be a high-yield investment programme and a Ponzi scheme.[1] [2] [3] Prior to going offline with its users' funds, USI-Tech moved its website from a .com top-level domain, to a .io domain, while too appearing on a number of mirror domains.[four] Joseph Rotunda, Director of the Enforcement Division at the Texas State Securities Lath, estimates that the scammers were able to extract hundreds of millions of dollars from all over the world.[5]
Promoters [edit]
Based on reports from Engadget, USI was initially promoted by Lee Oakey, Kerry Stockton, Rodney Burton, and Michael Faust. Oakey and Stockton are British, and currently alive in Australia. Burton (49, in 2018), also known as "Bitcoin Rodney", was known for purchasing a $350,000 Lamborghini Huracan from Lamborghini Newport Beach in Costa Mesa, California, using Bitcoin. Burton was released from jail in 2010 after serving five years for drug dealing.[6] [v]
Dan Putnam, who identifies equally the CEO of R&D Global, a suspected USI parent company, was too seen boasting that a mere $40 investment can grow to US$10 million in just eighteen months at Eyeline Trading. Eyeline'south homepage was redirected to USI Tech for a cursory menstruum, before too going offline.[5] R&D Global is registered as a limited liability visitor in Putnam's abode state of Utah nether the name of Richard Theodore Putnam.[7]
[edit]
Eyeline Trading [edit]
Every bit of March 2019, a domain belonging to USI Tech was redirected to Eyeline Trading,[8] another company claiming to be a cryptocurrency and forex platform trading provider. The redirect suggests that the owners of the original website take relaunched the ponzi scheme through Eyeline Trading, following USI Tech'southward exposure to law enforcement.[9]
Wealthboss [edit]
Eyeline Trading collapsed following non-payment, and was subsequently rebranded to WealthBoss subsequently British Columbia Securities Commission issued a cautionary notice against dealing with Eyeline.[x] [5]
R&D Global [edit]
According to Engadget, both Eyeline and WealthBoss listed R&D Global as a parent company.[5]
History [edit]
- On xx December 2017, the Texas State Securities Board issued an emergency cease and desist order every bit neither USI-Tech nor the sales agents, Clifford Thomas and Michael Rivera, were registered to sell securities in Texas.[1]
- On 21 December 2017, the Government of New Brunswick issued a consumer warning against investing at USI-Tech, and advised consumers to contact the Commission if approached about investing in the visitor.[11]
- On 12 January 2018, the Attorney General of Guam issued a statement advising people to practice caution when investing at USI Tech.[12]
- On 26 January 2018, the Government of Saskatchewan issued a Stop Trade Lodge, and requested anyone contacted by USI-TECH to inform the Financial and Consumer Affairs Authority of Saskatchewan. [13]
- On 9 April 2018, the Castilian fiscal regulator Comisión Nacional del Mercado de Valores added USI-Tech to its warning list of unauthorised firms and entities.[14]
- On 16 August 2018, the Fiscal Markets Authority of New Zealand updated its alarm listing to include USI Tech on basis that information technology is offering financial services and products to residents of New Zealand without authority, while also warning that the operators take the characteristics of a scam.[fifteen]
Encounter likewise [edit]
- Bitconnect
- OneCoin
- PlusToken
References [edit]
- ^ a b "Bitcoin Promoter USI-Tech Hitting With Emergency Society". Texas State Securities Board. 20 December 2017. Retrieved 25 October 2018.
- ^ Johnson, Tim (20 February 2018). "Cries of scam arise as once high-flight firms fail to deliver on cryptocurrency". McClatchyDC. Retrieved 25 October 2018.
- ^ Penman, Andrew (1 March 2018). ""I earn money while I sleep" claims promoter of Bitcoin investment spin-off called USI-Tech". Daily Mirror. Retrieved 25 Oct 2018.
- ^ "USI Tech: The Future of Cryptocurrency". Retrieved 25 October 2018.
- ^ a b c d e Plackett, Benjamin (23 May 2019). "The bitcoin Ponzi scam that won't go away". Engadget . Retrieved 17 November 2019.
- ^ "Buying vehicles the bitcoin way". Autonews.com. viii October 2018. Retrieved 17 November 2019.
- ^ "R & D GLOBAL, LLC". Utah.gov . Retrieved 17 Nov 2019.
- ^ "Usitech.io". USI Tech. Retrieved 8 March 2019.
- ^ "Eyeline Trading: Legit Cryptocurrency "BTC Trading Parcel" MLM?". Bitcoin Exchange Guide . Retrieved viii March 2019.
- ^ "Eyeline Concern Development and Eyeline Trading (together, the Parties)". British Columbia Securities Committee. 29 Oct 2018. Retrieved 17 November 2019.
- ^ "Consumer alert: USI-TECH Ltd". Regime of New Brunswick. Fiscal and Consumer Services Commission. 21 Dec 2017. Retrieved 25 October 2018.
- ^ O'Connor, John (12 January 2018). "AG looks at USI-Tech, cautions consumers". Postal service Guam. Retrieved 25 October 2018.
- ^ "Exercise Non Invest with USI-TECH Express". Government of Saskatchewan. 26 January 2018. Retrieved 25 October 2018.
- ^ "Entities non authorised past CNMV". Comisión Nacional del Mercado de Valores . Retrieved 25 October 2018.
- ^ Skinner, Celeste (xvi August 2018). "New Zealand'southward FMA Blacklists Trading Software Provider USI-Tech". Finance Magnates . Retrieved 25 October 2018.
External links [edit]
- Official website
Source: https://en.wikipedia.org/wiki/USI_Tech
Posted by: augustlizeatied.blogspot.com
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