CryptoBravos Reports & Reviews (4)
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bad people
Total money lost $40,000
Type of a scam CryptoCurrency
(https://www.adviserinfo.sec.gov/******************)
He suggested I looked at their website and joined their platform for free and was added to their e-mail information. This was followed by bidaily calls suggesting I deposit funds from Gemini into their investment program. Frank assured me that CryptoBravos would cover any transaction fees involved in me obtaining Bitcoin and transferring it to my account at CryptoBravos. At first I was cautious and sent about 1 BTC. He and his colleague Richard Van Cleef (CIO) called me almost daily and sent me informational videos about their system and emails. They said that the "halving" of Bitcoin would make the BTC go up 10-20 fold as it had at the past "halvings". They eventually persuaded me that if I sent them a significant amount of money they would be able to buy BTC at $3600 (at the time it was $9000) due to their special deals through armitrage. They suggested I take 10% of my IRA and invest it in CryptoBravos. This I did and in my account I saw that I had 11.5 BTC for my $35000 investment. This looked good on paper even though they told me they take 20% of the profit if I remove funds. I asked to remove funds (my investment ie 4 BTC and let the rest ride) they persuaded me that the larger the investment the larger the gain so they sent me a token (0.1BTC) as proof I could remove money when I wanted to. After 23 March 2020 there did not appear to be any more transactions on my account so I asked if I could close the account . They persuaded me to try the system for a year than if I was not satisfied then I could remove the money. When I did my taxes for 2019 I had to pay IRS taxes for the money I had taken out for investing in CryproBravos. I needed 2 BTC to pay my taxes. I had an email saying that in order to maximize my profit I should transfer all my BTC to buy an ICO (TCAP) i replied that ICOs are risky and I was not interested.This was when I stopped receiving messages from Frank. They do not answer emails they take calls but only to take messages.