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Report: #1433508

Complaint Review: USI-Tech TechCoin -

  • Submitted: Fri, March 09, 2018
  • Updated: Fri, March 09, 2018
  • Reported By: usi member — California United States
  • USI-Tech TechCoin

    ,
    United States

USI-Tech TechCoin Lee Oakey John Smith Horst Jicha Ralf Gold SCAMMED THOUSANDS OF INVESTORS Internet

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Thousands of people invested Bitcoin into this MLM-style "company" USI-Tech, now clearly indicated as a Ponzi Scheme. Gold, Oakey, Smith, Jicha, among other top representatives and execs are laughing at us while they hold all of our funds and STILL are trying to sell their scamcoin (er, TechCoin) to unknowing investors.

In January of 2018, USI-Tech took away the ability to withdraw. The company proceeds to blame users as to why this was taken away. 

Now, their "compensation plan" is paying pennies a day, while threatening legal action against anyone who uses the company name online. Users are of course voicing their frustrations online. WE HAVE MONEY OWED TO US THAT THEY'VE WITHHELD, AND THEY'RE TRYING TO KEEP THE PUBLIC FROM KNOWING SO THEY CAN PRY MORE MONEY OUT OF UNWILLING PARTICIPANTS 

PLEASE READ THESE ARTICLES TO CATCH UP ON ALL OF LIES, FRAUD, AND DECEIT BY USI behindmlm. [continued below]....

.....com/companies/usi-tech/

QUICK TIMELINE OF FRAUD

> REMOVES WITHDRAW ABILITY 

> BLAMES "TROUBLED AFFILIATES AND MEMBERS"

> CLAIM WITHDRAWS WILL RESUME AFTER COMPANY PERFORMS "AUDIT"

> NO PROOF OF AUDIT EVER OCCURRED. WITHDRAW BUTTON DISAPPEARS FOR TWO MONTHS WITH VAGUE UPDATES FROM THE COMPANY.

> DAILY PAYOUTS GO FROM .75% TO .2%. COMPANY DOESN'T ADDRESS THIS AT ALL.

> LATE FEBRUARY, USI TECH REMOVES AVAILABLE BALANCE 
HENCE STEALING ANY FUNDS WE SHOULD HAVE BEEN ABLE TO WITHDRAW

OR ADMITTING THAT THE PAYOUTS WERE BUNK

> AVAILABLE BALANCE WORLDWIDE BECOMES 0.000

> CLAIMS IT WILL PAY US BACK THROUGH PURCHASES OF NEW PACKAGES (ADMITTING THEY'RE A PONZI)

WHILE PAYING REFERRING UPLINE (I.E. 1% OF THE COMPANY) 35% OF ALL NEW PACKAGES 

AND 99% ARE LEFT IN THE DUST WITH PENNIES A DAY.

> THREATENS TO SUE / TERMINATE ACCOUNTS OF PARTICIPANTS VOICING CONCERNS ABOUT THE COMPANY.

WHILE SAYING THEY'RE ACTING IN 'GOOD FAITH'.  

note: If USI-Tech turns around and actually starts caring about the customer, I will take this down. Thus, expect this to exist on the internet forever. 

To all my USI investors, hold tight. Justice will be served. 

This report was posted on Ripoff Report on 03/09/2018 03:33 PM and is a permanent record located here: https://www.ripoffreport.com/reports/usi-tech-techcoin/-/usi-tech-techcoin-lee-oakey-john-smith-horst-jicha-ralf-gold-scammed-thousands-of-investor-1433508. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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