SCAMLinuscoin.co Reports & Reviews (9)
Linuscoin.co Contacts
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Country United States
Victim Location WA 98662, USA
Total money lost $16,150
Type of a scam Investment
SCAMMER LINUS DIGITAL ASSET MANAGMENT IS LINUS COIN AND LINUS BLOCKCHAIN FOUNDATION ALL ONE SCAMMER
AND THEY GET VICTIMS DAILY WE ARE 25 ACROSS USA AND CANADA
Initial means of contact Not applicable
Linus Coin , Linus Blockchain Foundation
The company is currently led by co-CEOs Lucas Boventer and Christopher Danwerth, both of whom have been in their roles for less than a year. The management team overall has an average tenure of around 0.6 years, indicating a relatively new leadership team (Simply Wall St) .
* The group appears to be engaged in hiding taxes and moving money from Dubai to the USA.
My Experience:
* I have suffered a total loss of 60,000$ the funds I invested in the Linus platform.
* The manipulative practices and inconsistent information provided by the group members have led me to believe that this was a coordinated scam.
* The group appears to be engaged in hiding taxes and moving money from Dubai to the USA.
Review of Linus Blockchain Foundation
The Linus Blockchain Foundation, which uses the logo provided, is registered as a money service business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Their registration number is M22038852, and they engage in activities such as foreign exchange dealing, money transferring, and dealing in virtual currencies. The company lists its business address as 9888 W Belleview Ave, Ste 2234, Denver, Colorado, USA, although they claim operations in Canada.
Key Concerns:
1. **High Profit Promises**:
The company promises incredibly high returns, ranging from 120% to 200%. While they might initially deliver on these returns, the strategy is to gain your trust and then restrict access to larger funds, making it impossible to withdraw substantial amounts.
2. **Limited Online Information**:
A search for the company reveals limited information, primarily consisting of paid articles on platforms like Yahoo Finance. These articles are often promotional rather than unbiased reports, which raises concerns about the transparency and legitimacy of the company.
3. **Withdrawal Issues**:
Initial small withdrawals might be allowed to build trust. However, users often face significant challenges when attempting to withdraw larger sums, effectively trapping their funds within the platform.
4. **Connections to Dubai**:
The company's ties with Dubai can complicate legal recourse due to differing international regulations. This connection further adds to the risk, making it difficult for investors to reclaim their funds if issues arise.
5. **Certificate Misrepresentation**:
Although the company might provide a certificate, further investigation reveals that Canada typically issues only registration documents for such entities. This misrepresentation can mislead investors into a false sense of security.
6. **Regulatory Details**:
Despite being registered with FINTRAC, the risks associated with this company are substantial. Researching scam reports and consulting financial experts is crucial to understand the potential dangers.
Conclusion:
Engaging with Linus Blockchain Foundation is highly risky and not recommended. The promises of guaranteed high returns are unrealistic, and the potential for being unable to withdraw your funds is significant. It is crucial to conduct thorough research, consult financial advisors, and rely on credible sources before making any investment decisions. The likelihood of losing your money is high, and the company's strategy appears to be scamming
Linus Digital Asset Management Inc. operates a cryptocurrency trading platform called Linuscoin. This platform supports trading of mainstream cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, and provides fiat currency trading pairs like USD/BTC and EUR/ETH. It also offers custodial wallets for users to store digital assets, along with private key backup and password protection features. Additionally, Linuscoin provides merchant services for accepting cryptocurrency payments and supports initial coin offerings (ICOs) for tokens like Ethereum
Linus Digital Asset Management Inc. is owned and operated by Linus Digital Finance AG, a German-based company specializing in real estate investments through a private debt fund. The company was founded by David Neuhoff, who also serves as the CEO. It operates primarily in Germany and the UK, offering both debt and equity real estate investment opportunities to institutional and semi-professional investors via its digital platform
Liquidation can occur during a trade if the market moves against a trader's position, causing losses that deplete their account balance to a level where it falls below the required margin level. This triggers the liquidation level, at which point the broker will close out the trader's positions to prevent further losses. The cause of a liquidation event can be market volatility or a trader's decision to close positions to mitigate losses or realize profits. It is important to note that liquidation affects all positions in the trade, including those of other traders who may have had different outcomes. While some traders may profit from the liquidation, others may suffer losses.
Linus Blockchain Foundation, Linus Digital Asset Management Inc, linuscoin, Carl Investment Circle WhatsApp Group. All is one scammer
They use many names as the leader of this scam fake carl Robert whom stole the photo from a person named Benjamin Thompson
Big scammer organization be aware
Scammer's website www.linuscoin.co
Scammer's address NY, USA
Country United States
Victim Location CA 92344, USA
Total money lost $1,564
Type of a scam CryptoCurrency
Initial means of contact Not applicable
Linue blockchain foundation
I am also Scammed By Linus Coin 30k
I recently encountered a fraudulent investment scheme that started with an ad on Facebook. This led me to join a WhatsApp group called A802 Carl Investment Circle, led by an individual named Carl. He claimed to have the ability to drive up stock prices using the group's collective power.
Key Points:
1. **Stock Investment Manipulation**:
Carl initially advised all members to invest heavily in AQN stock, promising significant returns. He urged us to buy as much as possible and to wait for his signal. Initially, the stock price increased slightly, and Carl encouraged us to hold on, assuring us it would triple in value. However, the stock price eventually plummeted, resulting in substantial losses for all of us.
2. **Introduction to Linus Coin**:
In an effort to recover our losses, Carl introduced us to a platform called Linus Coin. He promised that by signing up, we would receive $200 to $600 and encouraged us to buy cryptocurrency and transfer it to our Linus wallets for trading. Following his advice, we initially witnessed profits of over 150%.
3. **Suspicious Trading Practices**:
Carl continued to steer us away from stock trading and towards Initial Coin Offerings (ICOs) available on the Linus platform. These coins were not listed anywhere else, raising suspicions about their legitimacy. He began charging $50 per trade, claiming it was his income, yet he traded the same coin every day using the same strategy. He encouraged us to add more funds to maximize our profits. It became evident that the group included many fake members who frequently shared fake profit records, showing funds between $300k to $700k and profits of up to $400k.
4. **Account Liquidation and Losses**:
The scheme took a darker turn when suddenly, during trades, our accounts were liquidated without warning. Carl blamed the inherent risks of cryptocurrency and claimed we did not follow his strategy correctly. Meanwhile, other group members appeared to profit normally, following a strategy of buying at a dip and collectively driving up prices at 7:10 PM Eastern Time.
5. **Fraudulent Operations**:
As real members began making significant profits, it became clear that the platform was manually controlled. When we attempted to withdraw our funds, we discovered it was impossible, as the profits were fictitious. If the platform administrators saw that you were making substantial profits, they would drain your account, ensuring you could never transfer funds out.
Conclusion:
Engaging with A802 Carl Investment Circle and the Linus Coin platform is highly risky and not recommended. The promises of guaranteed high returns are unrealistic, and the potential for being unable to withdraw your funds is significant. It is crucial to conduct thorough research, consult financial advisors, and rely on credible sources before making any investment decisions. The likelihood of losing your money is high, and the group's strategy appears to be designed to trap investors after initial trust-building phases. Proceed with extreme caution.
If you have been scammed by this company, it is essential to inform federal authorities and proceed with a claim to open a case. Reporting such incidents can help prevent further scams and potentially assist in the recovery of your funds.
Scammer's website www.linuscoin.co
Scammer's address NY, USA
Country United States
Victim Location WI 53061, USA
Total money lost $9,300
Type of a scam Investment
Scammer's address CO, USA
Country United States
Victim Location NY 12301, USA
Total money lost $35,000
Type of a scam Investment
Scammer's address CO, USA
Victim Location ON M6E 1S0, CAN
Total money lost $25,000
Type of a scam CryptoCurrency
In the WhatsApp group, numerous fake members showcase exaggerated profits, with claims of making $200,000 on a single coin. Often, the same profit amounts are repeated across different screenshots, and when this is noticed, the posts are quickly deleted. These fake members privately contact you to gather information about your background and the funds you have in your bank. Additionally, it seems that the trades and profits are closely monitored, with the scammers having real-time visibility of everything on your mobile device.
The scheme operates by encouraging you to deposit as much money as possible on the platform. Initially, they let you win a few times to build trust. However, during a trade, you may find your app reloading, and the session disappearing, resulting in all your funds on the platform being wiped out. They then claim that this happened because you didn't follow Carl's instructions precisely, such as depositing specific amounts at certain times. If they target you, they will tell you that you put more money into the trade than allowed, causing the system to liquidate your funds. This raises questions about how the coin could know the exact amount in your fund and wallet.
They will then advise you to continue trading, claiming that the crypto market is high-risk and you should start again to recover your money. They repeatedly ask you to deposit more funds, making it akin to gambling. Carl pretends to be helping for a $50 fee per trade, but he and the supposed Linus support person, who shares the same WhatsApp group, are part of the scam.