Whereas professional businessmen are searching for methods to supply worth to their esteemed prospects in alternate for cash, Andrei Khovratov is targeted on discovering avenues to promote cryptocurrencies that haven’t any use case to the general public. Sadly, many have fallen for his gimmicks because the fraudster is claimed to have collected greater than 100 million dollars from buyers in numerous areas.
As a result of nature of his enterprise, Andrei Khovratov tries to maintain his firm dealings away from the highlight. And will folks sniff out the actions of his fraudulent outfit, the scammer strikes swiftly to vary his firm identify.
This tactic was on show in 2019 as SWIG Worldwide LTD, the brainchild of Andrei Khovratov had its identify modified to NEEW. Such a transfer was a fallout of the lawsuit that tried to demystify the fraudulent actions of Andrei Khovratov and his firm.
The Greek Reward
Getting folks to half with their cash is commonly a tricky ask, however not when it includes investments that can make them wealthy. Andrei Khovratov is aware of the common human is pushed by insatiable desires and investing is believed to be a portal to el-dorado. The scammer has perfected his scheme with the usage of cryptocurrencies. Andrei guarantees these buyers the chance to be wealthy by way of investments in myriads of property through the acquisition of his nugatory CRU tokens.
Regardless of these frivolous claims, Andrei Khovratov is all the time elusive concerning the situation of those investments. His web sites don’t assist both as there’s no place the place these investments are completely acknowledged.
The CryptoUnit Tokens
Blockchain and cryptocurrencies are all the time simple excuses utilized by scammers to deceive and exploit the general public. And Andrei Khovratov is not any completely different. The fraudster launched a press assertion on his web site that indicated his willingness to create the CRU token and continuing with an STO. Two years after that daring declare, nothing has come out of it. But, anybody should purchase the CRU tokens by way of dodgy web sites.
The Conspicuous Crimson Flag
Regardless of how attractive affords from scammers like Khovratov could be, there’s all the time that large signal that such affords are scams. In Khovratov’s case, the dearth of any license for the safety token providing is a pink flag. Continuing with the gross sales is a breach of present legal guidelines, however buyers usually go forward with their buy. After all, opting to observe this route all the time places buyers on the fallacious footing, so it’s vital to perform a little research earlier than investing.
Can An Funding Entity Run Like A Cult?
One of many issues that gave Khovratov and his funding firm away is the cult-like registration of members. Certain, there are membership golf equipment that require outdated members to deliver new members, nevertheless it’s not as money-grubbing as Khovratov’s schemes.
The unscrupulous nature of this organized heist is seen within the lack of regulation throughout the platform. By getting newbies to register, older customers can get 150 nugatory CRU. This leaves newbies searching for their very own scapegoats. What kind of loopy scheme is that this?
To get buyers to purchase his CRU tokens, Andrei Khovratov makes an attempt to create the impression that these cryptocurrencies are extremely priceless digital property as customers are anticipated to alternate the programs for CRU tokens. And every little thing goes down on the NEEW web site.
A lot of the funds raised by Andrei Khovratov and his NEEW firm are re-invested into methods to lure extra unsuspecting buyers into their fold. The scammer additionally organizes common occasions in his firm’s identify to prospect newbies for the only real intention of ripping them off.
The Travesty of those schemes
Whereas Andrei Khovratov tries to color the right image of his Ponzi-scheme, the stench contaminates the air. By the completely different advertising and marketing campaigns of his NEEW firm, Andrei Khovratov gathers his foot troopers, armed with all the proper phrases, and despatched to usher in everybody they will persuade. Whereas most get their relations and associates concerned, the disagreeable aftermath can smash relationships when the scales fall off their eyes.
The Bare Reality
CRU tokens are utterly nugatory. They’ll’t be exchanged elsewhere other than the NEEW platform. After all, they haven’t any use case, so nobody would need them. This reinforces the necessity to keep away from shopping for such nugatory trash to keep away from getting caught with them.
Khovratov’s rip-off isn’t precisely excellent. You simply have to do some analysis, and its hideous underbelly is uncovered.