Serial Ponzi scammer Alex Reinhardt is making an attempt to reboot his collapsed Ultima Ponzi scheme.
Reinhardt newest ruse sees him pitch a brand new Ultima “sensible blockchain”.
That after all is simply crypto jargon that doesn’t imply something. In actuality it’s simply an excuse to restart Ultima, with the hope of continuous to defraud customers.
Present Ultima buyers are bagholders. New buyers will have to be recruited to dump these luggage onto, and for that to occur Reinhardt has give you his “new blockchain” pitch.
From August 2023, Ultima’s reboot is meant to launch inside six months. That’s now been pushed again to April 2024.
In late October, a brand new Ultima shitcoin was launched to furnish Reinhardt’s new Ponzi scheme. As with earlier iterations of Reinhardt’s Ponzi scheme, wash buying and selling is used to create a synthetic coin value.
Since launch, the bots seem programmed between $9 to $11 million in trades a day (this may sound excessive but it surely’s simply Reinhardt buying and selling forwards and backwards with himself).
The advertising pitch is Ultima’s new shitcoin will pump to $100,000 a coin.
New funding packages see Reinhardt hoping to fleece new buyers out of €1100 to €110,000 euros.
Versus its manipulated alternate worth that runs into the 1000’s, Ultima is being flogged to PlatinWorld bagholders for simply 10 cents every.
“Every day rewards” are paid to Ultima buyers, with tokens created out of skinny air. The ruse for that is some “liquidity pool”…
…and “break up” nonsense:
Hooked up to the Ultima funding scheme is after all one other MLM compensation plan:
Alex Reinhardt started MLM crypto Ponzi scamming as an investor in SwissCoin (circa 2015-2016).
When that collapsed he bought into working Ponzi scams himself, first with PlatinCoin in 2017.
PlatinCoin collapsed in late 2019. Reinhardt ultimately rebooted as PlatinWorld in mid 2021.
PlatinWorld noticed platincoin deserted in favor of PlatinCoin Ultima (PLCU).
The PLCU iteration of Reinhardt’s Ponzi scheme collapsed in late 2022. This prompted a reboot of the PLCU iteration in January 2023.
As PLCU started to instantly collapse, PLCUC was launched to maintain the rip-off going.
This successfully marks the collapse of Reinhardt’s MLM crypto Ponzi scamming, till he started selling Ultima a number of months in the past.
For reference, Reinhardt pitched his final victims on the identical “$100,000 a coin” guarantees as he’s doing with Ultima:
Right here’s how PLCU is doing:
Issues are much more foolish with PLCUC:
With it being unlikely Reinhardt goes to lure a substantial quantity of latest buyers in, anticipate the identical ULTIMA trajectory as soon as the wash buying and selling bots are turned off.
PlatinWorld bagholders, gullible sufficient to spend money on Reinhardt’s schemes once more, ought to anticipate to lose much more cash.
Believed to initially be from Germany, Reinhardt fled to Dubai in 2021. It’s from Dubai, the MLM crime capital of the world, that Reinhardt runs his numerous MLM crypto Ponzi schemes.