George Martin: Cryptotradez Bitcoin Trading Scam
George Martin is on Scrabble GO and not interested in telling you who he is. An out of work marine engineer living somewhere in Florida. That is as far as you get. All he wants to do is take your money via bitcoin with unrealistic promises of excessive returns.
This is how you meet on the game;
Him: Do you know about foreign exchange trade?
Him: If you invest you can get more than what you invest less than 24 hours
Him: So are you intrested?
Me: How do you return 100% in less than 24 hours?
Him: I can't really chat about it if you need more explanation give me your What's app number
Me: I'm not giving you any of my numbers
Him: Sorry for asking
Him: You can invest your bitcoin in one week you will earn $3000 it fast
Him: Or you can start with $200 and earn $2000
Him: Or $300 and earn $3400
I didn't take the bait. He starts offering a return of 100% within 24 hours. Then steps it up to 1000% or more. Okay, now I'm interested, not the money but an obvious crypto currency scam.
The only one making the above returns are whoever the people behind this are. He wants WhatsApp, I refuse, Facebook, I refuse, Instagram, I refuse and finally I agree to Hangouts.
He insists I open https://cryptotradez.****** using a Chrome browser. I'm not doing that and using a lesser known browser. Do not use Chrome it is a new phishing site
Many would know of a ponzi scheme thanks to Berni Madoff. He offered a 15% annual return and got away with it for years. This website is a "hit and run" . They just want you to "invest" with the promise they'll pay your returns.
I need to edit this due to the character limit. It's an exchange on Hangouts with two people. We spoke for a day and I tested them on binary options and other simple trading questions. You'll see they can't really answer a single question or stay on the topic I raise.
Me: I had a friend look at the site for me. It is only 2 months old and if I didn't know better it is a dark web page (Not 100% true)
Him: Yeah it is a new website. Dark web??? (It is 2 months old)
Me: A site made not to be found by search engines (True, this is made not to be found)
Him: But I’m trading with them
Me: I know
Me: But bitcointalk.org have never heard of them. (True)
Him: Well because it’s new
Him: I guess so
Me: Yes, it's based in Panama and they don't want anyone to know who owns it (True, even Whois ownership is hidden)
Him: Oh really
Me: Yes. Look, I'm not trying to make it hard. It is just that given the returns you spoke of there have to be risks too. Nothing is ever a one way street
Him: I know. Sometimes you lose sometimes you win (Let's see about losing)
Me: But there has to be a risk/reward ratio for the returns you've mentioned. That is what I am trying to figure out (Any investor would want to know this)
Him: Well the expert trader take his own percentage when you want to withdraw I guess it’s 8-10% of every withdraw or so (Okay so Cryptotradez takes that percentage of any profits)
Him: But are you interested in investing
Him: I’m not saying you should invest that much
Me: It's just that I'd like to know how they make returns of 100% in 24 hours or so
Him: No not 100% in 24 hours Now they are changing the returns
Me: That is what you mentioned on the game
Him: Oh that’s a mistake
Him: Every plan has their daily return
Me: I'm just trying to understand how the returns are generated
Him: When you invest, they’ll use your capital to trade and then when they get the gain they’ll add it to your profit.
Me: Risk v reward. There have to be losses too, right?
Him: Yes. They lose but customers hardly lose (That a fact?)
Me: How can they not pass the loses onto the clients? It is their money they are using.
Him: If they lose.
You won’t get profit that day
Him: So on the next day we get profit
Him: It’s still a win win
Edit: If you are ever told this walk away
Him: They’re expert so they know what they’re doing No one is trading this is theft
Him: Expert traders
Me: Trading is zero sum. If they lose, who covers the losses if it isn't you or me?
Him: Seems they’ve back up
Him: All I know is they’re good traders
Edit: This is nothing more than them stealing your money. They wouldn't know a trade if it hit them in the head. Let's take a look at their 2 month old website now;
Me: Why doesn't their chat feature work?
Him: Chat feature
Him: Do you mean live chat ?
Me: Yes. They say they reply immediately but it seems to not work
Him: Did you send them a text ?
Him: Okay. I’ll send them one
Me: I'm sure they would be happy to talk
Him: They replied me
Him: Are you sure you messaged them ? That is because it is you and your friend running it
Me: WTF? I asked a question and they blocked me? (True. I'm not on their beloved Chrome)
Him: Really. Screenshot
Me: Hang on I'm on my 11th captcha page lol No. They've blocked my IP
Me: It seems chat is not working
Him: Did you text them ?
Me: Yes and the chat freezes
Edit: He sends a screenshot of a chat with his mate. Main point, it is a fake chat window and there is no customer support
We continue texting on Hangouts. I've attached a screenshot of his chat exchange and it is a BOT. They don't understand the basics of foreign exchange trading, or any trading for that matter. They are criminals stealing your money
Now I point out the links in their website;
Me: Why can't I find information on a multi currency account?
Me: They say they offer regular FX with a multi currency account but have no details
Him: All I do there is invest and get my return when I want to withdraw
Edit: They don't even know what they've put on their website!
Me: This is a paste from their page
Me: Multi Currency Accounts
Me: Support major currencies: USD, EUR, GBP, and various Cryptocurrencies. Funds exchanged between currencies at market rate.
Him: That’s what they trade with (are you sure? BTC is your game)
Me: Then why can't I read about the multi currency account they offer?
Him: All I do there is invest and get paid I never lose money
Me: I understand. But do you see my point? (I understand theft when I see it)
Him: If you want to know it work
Him: Just invest in it and the you’ll see my point
Edit: That is all "George" can say. Invest aka give me your money
Me: But I invest in what I know. Every link on that site leads to nowhere
Me: They have the menus but they lead to no information
Him: It’s simple to invest in that site .Just login and click on invest (All they can say INVEST!)
Me: But why don't they have pages explaining how they make the returns?
Him: I don't know. It’s like trading on forex
Him: They take our capital and invest on it then share the profit they make among their customers
Me: What about the losses?
Him: Don’t know about losses all I know I make my profit and my money is available when I want to withdraw
Me: For you to profit, someone loses.
Me: So what do they do with their losses?
Him: I don't know
Me: Someone has to take them
Him: Well it’s them not we
Me: Why does every link navigate to the About Page on that site?
Him: As you said it’s two month old. Seems they’re still working on it
Okay. I think that is enough for anyone to understand that https://cryptotradez.****** is a 100% scam. They promise excessive returns and can't say how they make them. They are so good at "trading" they don't have any losses.
The only ones making money are those taking it from you. They only take bitcoin. Two emails used below;