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www.circlesociety.com ponzi scam


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mkjonhston
London UK
 
Posts: 19 since Jan 2015
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what's your experience with these guys?

Let me tell you what I know:

1) Access is possible on invitation only, based on which one can get referal bonuses.

2) They promise unrealistic BTC returns, such as:



3) Anyone looking at the attached will succomb to their own greed and join in. Many times they don't learn the full story from the referer ... who's interest is for this ponzi scheme to grow even bigger in hopes to recoup the initial investment.

4) Payback, if it happens, is only partial and will always be incomplete. But many times will never happen.

5) Communication - what they call "customer support" mostly happens via a Telegram group administered by them (restricted access). The purpose of the chat is existing users brain washing, fake promisses of postponed payouts and never ending technical challenges and payout delays. Things like "the coin must flow for us to keep the lights on, the next platform upgrade will fix technical glitches, be patient and payouts promissed for next week will happen in 6-12 months' time".

7) I doubt they comply with even the slightest regulation existing for the crypto world, nonetheless they operate in US for mostly US citizen. So far, around 1000 people have been scammed and the sharade continues to grow.

8) I'm really surprised this can still happen ... in today's US

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  #3 (permalink)
mkjonhston
London UK
 
Posts: 19 since Jan 2015
Thanks Given: 0
Thanks Received: 5


adding telegram chat group (which dissapeared meanwhile)

www.circlesociety.com ponzi scam-circlesocietytelegramgroup.pdf

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Last Updated on May 28, 2019


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