GladiaCoin Legit Bitcoin Multi-Level Network Marketing Trading?

In fact, every plan but one comes with an explicit promise to double your value in 90 days. With this all in mind, we can now see the overlaps in a ponzi scheme and GladiaCoin. As with any ponzi scheme, there is a shutdown and end to the cycle of returns for investors. Moreover, the individual lost bitcoin and profits from the increase in value of the currency.

When expanded it provides a list of search options that will switch the search inputs to match the current selection. I’ve heard of this from a few immoral youtube users trying to promote this scam, so that they can earn their affiliate link profits. During the call, I shared this website with the victim and offered some suggestions on how someone might evaluate the potential legitimacy of a con. A little research shows this ponzi has been ongoing since as far back as December of 2016. I found the domain is behind Cloud Flare, was registered at GoDaddy and is currently timing out when you attempt to visit it and has been timing out according to the victim since last night.

Other commonly reported forms of fraud

Another variation on the investment scam is a one-and-done advance fee scheme, where a fraudster merely attempts to secure one advance payment from a victim and then disappears completely. This variation is more typical of other scams we’ve studied, like prize scams. Today filed a federal civil enforcement action in the U.S. A dear reader of ours asked us recently why are we writing about scam companies that have already collapsed. By writing reviews about multi-level marketing companies, we are trying to make it more clear, to people who are unaware, how MLM companies actually work. Further, as you already know, the multi-level marketing platform promises a 200% 90 day ROI.

• And by writing about no longer existing Ponzi schemes, we are focusing on the warning signs and things that lead to the total collapse of the Ponzi scheme every time.
• Developers have been notified of these changes and how they will affect their earnings from app sales.
• The end result is a collapse well before the promised maturity period, as not even the most cunning of scammers can beat basic mathematics.
• Let’s take a closer look at how GladiaCoin works.
• In it, a potential victim will learn about programs that promise unusually high rates of return in foreign exchange or cryptocurrency trading.
• Financial scams involving cryptocurrencies like Bitcoin are a growing component of the overall fraud universe that still involves gift cards, Western Union/MoneyGram, money orders, and bank wires.

On May 19th, GladiaCoin suspended affiliate ROI payouts for five days citing “conditions of the blockchain network”. GladiaCoin claims to be a regulated trading firm but in reality, it is a combination of both illegal schemes known as Pyramid Scheme and Ponzi Scheme. No one knows ttps://turbo-tax.org/ who runs and operates it because the owner details and location have been missing on the official website. Hence, it is not a legit trading platform. Typically, the commission depends on the Spartacus level you invest in. The more expensive the plan you choose, the better.

Romance Scam Recovery Company

The website is completely down and there is no way we can receive our money back. There are also debt management plans which you can arrange via charitable organizations. And gladiacoin ponzi some people have to get burned several times before they wake up. Many traders have complained against GladiaCoin and posted numerous negative feedbacks on many websites.

If you run a cryptocurrency exchange, kiosk… Regulators have been increasingly taking an interest in cryptocurrency in recent years, and consumer protection has emerged as an area of particular focus and scrutiny. Research and perform due diligence on any prospective investment opportunity prior to sending funds. Some of the biggest red flags to be on the lookout for resemble tactics used in classic “boiler room” scams. That is, evidence of apparent legitimacy on the part of the financial fraudsters. Yun alleged Portillo deleted all his GladiaCoin social media marketing after the Ponzi scheme collapsed.

Business Guidance

Their Twitter page has six posts, with two regarding the Bitcoin value and the other four about how to sign up and explaining what Bitcoin is. Where are the current events, opinions, and relevant retweets about the blockchain industry? Moreover, their first post was on April 10, 2017, which gives a great signal of how the company has not been around for very long. When something sounds too good to be true, it probably is. Don’t be lured in by the promises of “financial freedom” offered by GladiaCoin.

• That’s why GladiaCoin does have an “official” product.
• Plaintiff said that if defendants’ information were provided by GoDaddy, Plaintiff will dismiss GoDaddy from the lawsuit upon providing all information.
• In other words, we are trying to highlight the suspicious things that were going on with multi-level marketing companies.
• When that moment comes, the MLM scheme will collapse.
• And some people have to get burned several times before they wake up.
• So, do you want to learn the truth about MLM Ponzi Scheme that scammed so many innocent people?

Between August 2020 and now there’s no indication on the case docket that Yun has provided additional addresses. Plaintiff said that if defendants’ information were provided by GoDaddy, Plaintiff will dismiss GoDaddy from the lawsuit upon providing all information. Yun didn’t invest in TwiceCoin but notes it was a clone of GladiaCoin, likely run by the same people. On June 4th, 2017 GladiaCoin requested to pay 15% of the deposited amount as administration fee.

Avoid these Bitcoin Scams

Here are some red flags businesses should watch for. The news giving me stress coz I used my line of credit to buy 2 bitcoin after a week the gladiacoin announce 7 days not to pay not even 7 days until now. I never earn money for a few days I join then was crushed. Not surprisingly, GladiaCoin’s recent ROI payout issues have nothing to do with cryptocurrency trading. Rather the company itself acknowledges it can’t pay because after ‘follow the work of investors, but the turnover has not recovered‘.

• Proof of trading of any kind is of course never provided.
• Gullible idiots invested bitcoin and the admin stole it.
• The only source of revenue to pay the ROI is subsequently invested funds, making every doubler a Ponzi scheme.
• This may also involve a “cut” or fee that you get to keep yourself for your “service”.