Sam Lee’s VidiLook reboot has collapsed. Withdrawals have been disabled on August twenty ninth.
As a substitute of fronting traders himself, Lee left it as much as partner-in-crime Shavez Anwar to provide you with an evidence.
As per Anwar in an August thirtieth webinar, Lee’s VidiLook reboot collapsed resulting from “draining of the advertising fund”.
This occured resulting from an “aggressive pull out of cash” and “no extra new recruitment” of traders.
In different phrases, VidiLook’s withdrawals stripped the speed of latest funding (once more). This inevitably occurs in each Ponzi scheme.
Regardless of no one besides Sam Lee, his accomplices and prime recruiters making any cash, Anwar and prime VidiLook promoter Tami Jackson reassured traders they hadn’t misplaced any cash.
Apparently VidiLook investor funds are being held in a “proof of reserve” fund. The declare rings hole with no one in VidiLook capable of withdraw.
Jackson went on to assert there’s a “answer” to VidiLook’s second collapse. Particulars weren’t offered although as a result of the answer hasn’t been “fairly hashed out”.
On a webinar held a day in a while August thirty first, Anwar revealed the answer was to rebrand and launch a crypto mining ruse Ponzi (Sam Lee was nonetheless a no-show).
VidiLook’s third reboot will see the rip-off solicit new funding in increments of $50, $500 or $5000. Every funding tier purportedly pays 300%.
“Passes” costing upwards of $25,500 are additionally out there. These embrace “a selfie with Chairman Sam Lee”.
VidiLook mining will purportedly be of “Bitcoin Code (BTCC), a shitcoin created by Anwar.
This clearly raises the query of why undergo a mining ruse if Anwar owns the shitcoin. Or the place Bitcoin Code can be offered as soon as dumped on VidiLook traders, given there’ll be no real interest in the shitcoin outdoors of VidiLook’s third reboot.
Shavez claims VidiLook’s third reboot gained’t collapse as a result of he’s “mentally secure”.
I don’t leap on Zoom to Zoom and say, “Come on, put your cash on this. After which this. After which this. After which this. So-“
Tami Jackson seems to have Anwar on a leash and prevented him from additional elaborating.
Nonetheless, the implication seems to be Similar Lee is out (after working off with invested funds once more), as a result of he’s mentally unstable.
To that finish, Lee appeared on his personal “StableDAO” webinar yesterday.
I’d prefer to make it possible for issues are transferring ahead with the unique imaginative and prescient and the unique intention of constructing a one-billion individual neighborhood.
Lee went on to blab about “creating an alternate finance system”. He ultimately addressed VidiLook in the direction of the top of the webinar.
Sadly there’s a industrial dispute with VidiLook for a really very long time.
It’s simply sadly I can’t reveal that as a result of it’s not my enterprise. I’m not the proprietor.
VidiLook’s third reboot is scheduled to launch on September fifth.