Buyers beware: there’s a new scamcoin that has surfaced online and they’re trying to attract investors with a website and whitepaper that has been completely ripped off from another project.
I did a bit of digging and my research pointed toward a well-known scammer in the network marketing community who goes by the name Laurie Suarez. He’s aided by a few other shady characters, some of whom were with him in a previous fraud project called Recycle Bot (later rebranded to RB Crypto Bank) which never took off and faded away over the course of last year, failing to pay back its investors.
I happen to have a few contacts in my facebook network who were dragged into this scam and needless to say, they all complained of the same – money were never paid back to them, they invested in the project with the understanding that they will receive a profit over a period of time and that some of the capital the company made was going to be used in charitable way and help sustainability through recycling initiatives – something that apparently was just a load of bull crap.
Anyway, the scammers are still at large and none of them was put behind bars (they always manage to avoid legal hurdles) and they are back. This time creating a fake coin, copying the whitepaper of a known project and using every trick in the book to appeal to novice and inexperienced crypto enthusiasts and investors.
This is my complete breakdown on everything that is wrong with this coin and why you should NOT invest in it, take a look:
OTHER POSTS YOU MIGHT LIKE
In a previous article by Crypto Jargon, we explained the difference between a coin and a token. So now, let’s break down the types of coins and tokens that are currently most commonly used in crypto. In this post I’ll break down the following: STABLECOIN VIRGIN COIN PRIVACY COIN SHITCOIN SCAMCOIN EQUITY TOKEN UTILITY TOKEN … Continue reading Stablecoin, Shitcoin, Scamcoin, Virgin coin, Privay coin, Utility & Equity tokens Explained
I keep being asked about the websites (service providers) I use to buy Bitcoin and other cryptocurrencies a lot these days and since my last post on this topic was back in 2017, I guess it is time to make an update and give you my top choices for buying crypto – with credit card … Continue reading How to buy Bitcoin in 2020 Fast, Easy & Safe.
So, you are not a wealthy investor who can put tons of money into crypto but you still want a piece of the action. And damn right you should. Since the beginning of this year we are seeing huge movements in the market that bring us confidence that this year will be a great one for … Continue reading How to Earn Crypto for Free in 2020