Vortic United has collapsed.
Following disabling of withdrawals final week, it wasn’t till August fifteenth the Ponzi scheme rolled out its exit-scam.
It’s the nice outdated “we’re upgrading our servers!” ruse.
I don’t have a precise date for Vortic United disabling withdrawals nevertheless it seems to be in direction of the top of final week.
On August fifteenth, Vortic United addressed the problem, retroactively blaming a server improve.
As a few of you could have seen we’re presently performing an replace and scaling the cost system.
Because of enormous development and growing numbers of funds and customers now we have to regulate the capabilities of the system as some have skilled downtime with the cost system in final weeks which obtained resolved however simply briefly.
We at the moment are going from a semi-automated system to a completely automated system on devoted servers.
We predict the change of servers, change of infrastructure and updates of the backend methods to be accomplished in round 7-8 days. That is simply an estimation and ideally we are going to already full it quicker.
As soon as we’re achieved all excellent transactions will get accomplished instantly in a single batch.
There are in fact holes galore in Vortic United’s exit-scam.
Firstly no one performs a significant service improve on a dwell service with out prior notification of customers. Unscheduled upkeep of any form is an enormous red-flag.
For a Ponzi scheme, it’s all the time the primary signal of a collapse.
Adjusting a server takes all of some minutes. We dwell in an age of digital servers, the place assets could be scaled – generally with out even having to take down the dwell server.
It actually doesn’t take seven to eight days to improve a server.
As for being on a semi-automated system, no rationalization of what this truly means is supplied. Vortic United anticipating anybody to imagine it’s semi-manually approving cryptocurrency withdrawals is laughable.
These methods are automated to start with. No person in 2023 is operating a “semi-automated” cost system. The one time guide intervention could be required with a cost system is to rectify errors.
And that’s a human downside that may’t be automated.
Vortic United would possibly reboot in 7-8 days however the authentic iteration of the Ponzi scheme has collapsed.
I believe any reboot will carry with it additional withdrawal restrictions and/or hurdles to make getting cash out of Vortic United harder.
It’s price noting that Vortic United’s collapse fell inside per week of California’s DFPI issuing a securities fraud desist and chorus order. This isn’t more likely to be a coincidence.
Russian scammers hiding in Turkey may not care about Russian fraud warnings, however with nearly all of their traders being US residents – it appears California has them spooked.
In an try and downplay DFPI’s Vortic United fraud order, Ohio resident Mike Donaldson, a serial Ponzi promoter with associate Mike Lucas, is blaming CMO Jan Gregory.
As a result of actions of an affiliate who posted non-compliant movies for a number of corporations, the State of California in america launched a Stop-and-Desist order for a number of corporations together with Vortic United.
Sadly the actions of this particular person affected Vortic United and all its members.
The Stop-and-Desist requires Vortic United to cease advertising and marketing to folks in California.
Relaxation assured that Jensen and the Vortic United legal professionals are preventing this, and they’re proactively engaged on a plan of motion.
An entire assertion will likely be launched later this week however, within the meantime, the authorized group will likely be proactively working behind the scenes.
Please know that many issues are occurring to guard the Vortic United Neighborhood.
Whereas Jan Gregory is cited in DFPI’s D&R order as CMO of Vortic United, the D&R order primarily pertains to Vortic United.
The rationale for issuing the order is easy: regardless of something Jan Gregory did or didn’t do, Vortic United is committing securities fraud.
There aren’t any Vortic United legal professionals and “Jensen Robles” (who doesn’t exist) isn’t preventing something. The final place Russian Ponzi scammers wish to discover themselves in is a US courtroom defending blatant securities fraud.
In what could possibly be an try and fatten the pot earlier than they cut up, Vortic United is presently operating a recruitment promo:
Vortic United launched earlier this yr and pitches each day passive returns of as much as 1.8% a day.
Heading up the Ponzi scheme is German nationwide Rene Schwarze, who performs Vortic United CEO “Jensen Robles”.
Schwarze is believed to be working with Russian scammers situated in Turkey, and probably additionally Dubai.
In July 2023, SimilarWeb tracked ~183,000 visits to Vortic United’s web site – solely a slight improve from June.
Prime sources of visitors had been the US (49%), Germany (14%), Slovenia (5%) and Russia (4%).