What is a "capital board"? How does the virtual currency fund disk distribute your money?
In the previous "Bitcoin skyrocketing or triggering a surge in virtual currency crime? Reveal the "three tricks" of such scams!", we explained why USDT has become the carrier of economic crimes such as virtual currency fraud and pyramid schemes, and also explained the nature of such scams: exchanging air coins for virtual currencies with recognized value, such as Bitcoin, Ethereum and Tether (USDT).
Next, in order to make more friends aware of related scams and avoid being deceived, we will further reveal the characteristics of its model.
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"Shell International" Scam
The "Keike International" platform was founded by Shi Moumou, Ding Moumou, Wang Moumou (all of whom have been judged) and others. Through organizing training, inspections, establishing WeChat groups, and setting up studios in many places across the country, MLM publicity is carried out. Distorted the national "Blockchain" policy in the promotion process, claiming that the "Keike International" platform provides digital asset transactions and asset allocation services for global users, and members can enjoy it through three modes: currency-holding value-added, currency-holding mining, and multi-mining Static income and dynamic income.
The platform requires downlines to join through the online invitation code, and purchase virtual digital currencies such as SC and BK that are self-issued by the platform and have no real value, and guide members to obtain platform reward funds by pulling people's heads. The platform itself has no actual operation, and all reward funds come from the investment of offline members. There is no limit to the number of members directly promoted by each member. Downline members can continue to push downwards and develop unlimited levels, directly or indirectly based on the number of development members and the amount of capital investment. Rebate basis.
Wang Moumou, one of the shareholders of Shell International, said that 80% of the shares are frozen, while 20% can be withdrawn at random. And it is said that 80% can be traded over-the-counter, but the exchange is not. What kind of routine is this? look down
80% is locked, and 20% is for you to sell. Look at the OTC buying and selling areas of the Shell International platform. What is the difference? You can only buy, but you cannot sell. This is the so-called 20% free trading. Let me tell you, it cannot be sold without merchants and investors.
Wang Moumou said that 80% of the unlocked positions can be sold off-site, and he also set up an off-site group. The purchase price in the group will be discounted by 0.5, that is, coins worth 10,000 yuan can only be sold off-site for 500 yuan. , do you think this is a fair deal?
The organizers of Keike International claimed that none of the investors who entered Keike lost money, and hundreds of thousands of people were making money. As long as they don't go outside the market, they will not lose money? I am ashamed to say that no matter how much money the account has in the so-called platform they created, it cannot be fully realized, and just a bunch of numbers cannot be counted as income.
Locking investors' assets, not locking up warehouses for takeaway, not selling can only be exchanged for mining machines, and the mining machines are so expensive, it is obvious that investors' money is deliberately seized. One mining machine is worth 10,000 USDT, and you can get 1,500 USDT if you recommend one person. The mining machine of the Shell Exchange is just a cover for the platform, that is, there is no real mining machine, and it is just data on the exchange.
Not only that, the Shell Exchange also operates investor accounts to forcibly exchange user assets for lock-up. The exchanged currency cannot be sold. The next step is to turn your account assets into negative.
Of course, the gang that created this scam has been punished by law. The Shanghai Baoshan District People’s Court sued Lu for organizing and leading pyramid schemes, pointing out that Lu participated in the “Shell International” platform at the end of 2018 for the purpose of making profits. MLM activities, developing Zhang XX, Yan XX, Xian XX and others as downline members, after the identification of the Judicial Appraisal Center, the subordinate accounts developed by the defendant Lu XX are divided into 10 layers, 32 directly subordinate accounts, all subordinate accounts The number of accounts reached 3,788.
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What is "Funds"
The fund market means that investors send funds to the platform, and then investors get income and principal from it, but in fact this fund has not been traded by investors at all. Generally speaking, fund trading is an extremely dangerous financial operation. The whole is an act of tearing down the east wall to make up for the west wall. The trader may misappropriate investors' funds for high-risk investments outside the agreement, or it is a "Ponzi scheme" "Once the market fluctuates greatly, or the follow-up funds are unsustainable, the funds will collapse instantly, leaving investors with nothing to return.
The common mode of the currency circle fund disk will be in the form of rolling or static capital circulation. But it is more concealed, deceptive and socially harmful.
For example: after a certain fund deposits a principal of 10,000 USDT, after some so-called rules, you will soon find that the wealth book grows rapidly, and the account will soon become a principal of 20,000 U (that is, the original 2 times), but the system does not allow one-time withdrawal, only 2% of the current principal can be released every day, and this 2% of funds can be withdrawn or reinvested. In the development period of a fund market, many investors often will not withdraw coins, but will make additional investments, thus getting deeper and deeper.
In fact, even if you choose the withdrawal method of "receive as soon as you see it", in the above rules, you withdraw 2% of the remaining principal every day, and the money you get after one year is still less than 20,000 (because the absolute value of the daily withdrawal Decrease, you can’t get all 20,000) Then what if you use all the 2% released every day for reinvestment, let the principal snowball? The answer is that your principal will be as high as 27.54 million in 1 year! You can withdraw it every day 540,000! Looks tempting, doesn't it?
In many cases, in order to make the plate last longer, the organizer will set some rules that you will not know until you enter the urn, such as 10% of the withdrawal fee, only integer multiples of 100, and 10% of the reinvestment amount. Turned into a voucher for the junk mall. At first, the cash will be credited to the account on the same day, then it will be credited to the account on the next day, and then it will be credited to the account every other week, and even become a specified day of the week. Cooperate with the so-called drama of being hacked.
Nowadays, there are still some patterns of repeated harvesting, such as seeing that the user’s funds are almost invested, and putting the dug out MLM coins on the “exchange” opened by oneself, it seems that there are liquidation channels to stabilize users. Because the APP is developed by themselves, it is very easy for the organizers to manipulate the currency price! Then some old coins will be exchanged for new coins, and the method of pledging the mother currency to dig sub-coins makes the participants unable to stop, and they always feel unwilling to win the round. , but didn't know that he had entered a new game, until the relevant gangs completely ran away.
So, to sum up, regardless of legal currency or virtual currency, the essence of the "capital market" has not changed. It still uses people's greed to deceive people into the game and make them suffer huge economic losses beyond normal investment. Therefore, we need to be more vigilant in the face of all kinds of scams that have been put on the "blockchain" coat.
Of course, because of the use of virtual currency as a carrier, such scams have their own uniqueness in organizational form, participation methods and technical details. In the next article, we will make further introductions for readers, please continue to pay attention to our follow-up Published fraud analysis content such as virtual currency, raise vigilance, and see through scams.
