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:
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