Coinbit Pro Ponzi

Joined
Nov 17, 2020
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As we all know that MTI was a ponzi scheme with no proof of actual trades taking place ,we have a similar company with the same business model like MTI , called Coinbit Pro based in Port Elizabeth that has a trading pool and sell courses.

The co-founders are Bradley Murray and Luciaan Godfrey , their avid promoter is Remano Arnolds.

Last year they had advertised their daily trades on facebook averaging 2% per week but no proof of actual trading.
Around the end of December they took a massive loss o 82% in one given day and their excuse was that many people were withdrawing when they were still in a trade that means in essence the trade was still active.

They made promises to pay every satoshi back to its members but have not reached their commitment.
Also they have a new trading pool and still selling courses.

if anyone has been affected by this company can we share our experiences and how is it possible that a company registered under FSCA is not been scrutinized like MTI for not disclosing their trading report and have many skeletons in the closet.

If they took a huge loss and they mentioned that they are covered by the law why are they paying back small portions to the members.
What rights or recourse does the members have if there is a malpractice or theft of the members bitcoin as the company has over 400 members.

The company is still conducting its services and selling courses
 
why not under a different name?
maybe different ways of fleecing people, target different folks who might have heard the name before.
honestly all these ponzi schemes involving Bitcoin to me sound like people were looking to get scammed.

if you want to make money from Bitcoin, do nothing, no schemes, no plans, no memberships no nada.
just buy and Hodl, and wait for Elon Must next Brainfart, and you will make some cash.
 
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