USI Tech scam is another Ponzi scheme in the market.

1. USI Tech scam is another Ponzi scheme in the market. One bitcoin trading business, USI Tech, was generating actual returns on its customers' investments in a sector plagued with scams until it wasn't. What exactly is USI Tech? United So?ware Intelligence (USI) Technology Limited claims to be the world's first automated bitcoin trading platform. Its users have access to automated trading and mining. USI-Tech guarantees to help you grow your bitcoins regularly. The company works in two ways: it provides traders with an investment opportunity and business to investors prepared to support them for a commission. While it operates as a crypto and FX trading platform based in Dubai, it has been suspected of being a Ponzi scheme offering high-yield investment programs. How did it come to be called a USI Tech scam? USI Tech was a Ponzi scheme in the typical sense. It offered exorbitant returns and urged investors to increase their profits by referring more people to the USI Tech family. The money from new buyers was used to pay off existing customers. The firm does not keep its commitments to make money for its customers. Next, the project website provides limited information on the project's team and the premium packages. According to some web sources, the founders are Joao Severino and Ralf Gold. Before launching USI Tech, Severino was barred from any financial activity in Portugal. His ban was imposed due to his involvement with the AMC Invest Ponzi scheme. Ralph Gold has been linked to several suspected Ponzi schemes, including AdsProfitWiz, APR Clicks, MX Fast Money, etc.

2. USI Tech purports to be a registered corporation in Dubai. On the other hand, the business is registered in Ras al Khaimah, another city in the United Arab Emirates. This location is well-known for its offshore company registration services. WealthBoss or Eyeline Trading? The company website and the cash of victims went offline a?er officials in the United States, Canada, and New Zealand executed a restraining order on the suspected scam. The drama of USI Tech, however, was far from over. The business was renamed Eyeline Trading, then redirected from the USI Tech website. Authorities once again caught up with the freshly structured swindle, forcing it to rebrand from Eyeline Trading to WealthBoss this time. How does the company work? On paper, it appears to be straightforward labor. The corporation mines a specific cryptocurrency according to their clients' preferences on their behalf, and the mining rises as the client's investment grows. A number of packages are available for the clients to choose from. BTC, ETH, ADA, LTC, and various other cryptocurrencies are stored in these packages. The company began operations in mid-2017 and remained functioning till November 2018. As a result, the firm has successfully defrauded clients out of more than $400 million in just two years. USI-TECH was discovered to have numerous accounts in Cyprus. Furthermore, the corporation had multiple accounts registered under shell companies in different countries, not only this one. Summary The bitcoin trading platform USI Tech turned out to be a scam a?er boasting about being the world's first automated bitcoin trading platform. Moreover, in just two years of its

3. establishment, the firm defrauded more than $400 m from its customers. The firm even lied about its legitimacy, and once the company was found to be a fraud, it opened under another name called Eyeline Trading. But the authorities caught up with this too and went a?er the firm, which was again changed to WealthBoss. Naturally, such scams make people not want to enter the trading industry.