Whenever you look at a
shit sorry, altcoin, there's a number of check points that you can tick.
Is there a roadmap, a white paper, a pre-mine?
But in anonymous crypto, it's even more important to know the people behind the scheme and try and assess their character, find out about their track record.
They may be geek devs, honest but unworldly. They may be hustlers in search of the Big One, not necessarily liars but maybe a bit economical with the truth.
Or they may be serial scammers, deeply previously involved in one of the biggest Ponzi schemes ever, having done jail time for it and come back and reinvented themselves on the back of the Big New Thing, crypto.....
If you read a bit about E-Dinar, a strange organization keeps cropping up.
It's called "Change the World Together", CWT for short.
It's registered as a charity in Moscow, to an apartment address.
At the moment, CWT and E Dinar are on an Indonesian roadshow. The presentations are the usual type of glitzy hard sell, common to Onecoin and others. They even got a hand gesture to signify their allegiance, like Onecoin and Leocoin.
This promo tour is being led by the guy in the Moscow document,
described as the
"Chairman of E-Dinar", Alexei Muratov.
The last picture I saw of Muratov was back in 2013.
On the banner behind, you can see our old friend Sergei Mavrodi's face. For those of you who live under rocks, Mavrodi is up there among the great scammers of all time with his much imitated gifting scam called Mavrodi Mondial Moneybox, commonly known as MMM.
Mavrodi is big on the idea of "Change the World Together".
His version of it involves putting money into his pyramid in vast amounts and then having it frozen by the admin and stolen.
He "Changed the World" for many poor, desperate people, by driving them to suicide.
The reason Muratov is sitting in front of an MMM banner is because he was Mr. Big regionally for Indonesia, where he made "networking" relationships with the scum who are now conspiring with him to steal more of their countrymen's hard earned money thru E-Dinar.
Not only rep for Indonesia, but also India.
That didn't go well for our scammer friend Alexei....
NEW DELHI, June 14 (RAPSI) - The three Russians arrested in India on suspicion of running a Ponzi scheme have been charged with creating a financial pyramid, Roman Vorobyov from the Russian Consulate General in Mumbai told RIA Novosti on Friday.
Alexei Muratov, Denis Rozhkov and Andrei Kilin from Mavrodi Mondial Moneybox India or MMM India, the firm's representatives in Mumbai Dinesh Kotian and Rimish Balan, and Nabajit Das, a local agent in Guwahati, were arrested in Guwahati in late May. According to the Assam police, the Russians defrauded people of money via their website, promising them considerable profit from investing their money in a charitable fund.
The jailed Russians went on a hunger strike; they stopped taking solid food on May 30 and soon were hospitalised.
On Tuesday, June 13, the court ruled that they be turned over to the Mumbai Economic Offences Wing (EOW). The Guwahati police told RIA Novosti that the three Russians had been charged with criminal collusion, misappropriation of others' property and using fraudulent means to take over others' property.
The Times of India wrote on Friday that on June 3 the EOW registered a first information report (FIR) against 17 people, including five Russians. Police said that more than 70,000 people had invested in the company, which operates "a double-the-money scheme."
MMM India, which is said to be running in the states of Maharashtra, Gujarat, Andhra Pradesh and Punjab, asked people to invest between 5,000 rupees ($90) and 50,000 rupees ($900).
MUMBAI: The economic offences wing (EOW) registered a cheating and criminal conspiracy case against a firm, MMMindia also known as triple M for allegedly duping more than 70,000 people of nearly Rs 2,000 crore.
The EOW registered a case on Monday after a four-month-long probe. The FIR names more than 17 people, including five foreigners, as accused. While the foreigners, all Russian nationals, include promoters Sergey Mavrodi, Alexei Muratov, Michel Glukhov and Kilin Adery, the other accused are Indian nationals.
In May, the Assam police had arrested Muratov, Adery and their three Indian accomplices.
Rs 2,000 crore was about $40 million at the time....
