The PlatinCoin Ponzi scheme has been rebooted as PlatinWorld.
PlatinCoin was a Ponzi scheme launched in 2017 by Ponzi promoter turned founder, Alex Reinhardt.
Reinhardt modeled PlatinCoin on the collapsed SwissCoin Ponzi, which he was a high net-winner in.
That’s Reinhardt on the left, celebrating theft of €94,000 EUR from SwissCoin traders.
Launched as your typical Ponzi factors come public trade exit-scam later, right here’s how PlatinCoin went after it was dumped on exchanges:
By early to mid 2021 recruitment of PlatinCoin victims had slowed such that Reinhardt determined to reboot his rip-off.
Enter PlatinWorld, whose web site area “platinworld.com” was registered on June twenty third, 2021.
After a couple of months of organising PlatinCoin’s reboot, PlatinWorld was formally introduced in Dubai in November 2021.
Whereas PlatinCoin’s web site continues to be up, successfully the Ponzi scheme was deserted in favor of PlatinWorld.
PlatinWorld noticed Reinhardt launch a brand new Ponzi coin to rip-off individuals with, PLC Ultima.
Evidently conscious Ponzi rip-off reboot cash are likely to fare worse than their predecessors, PLC Final at the moment has a hilarious public buying and selling worth of virtually $60,000.
You possibly can see the manipulation started round November, pegging PLCU to round $20,000. That’s elevated and been tremendous tuned to the present $58,684 worth.
Ought to anybody withdraw even a modest quantity of held PLCU, or the wash buying and selling bot is turned off, the following dump will likely be fairly epic.
Past eager to reboot his Ponzi coin, Reinhardt’s advertising and marketing story behind PlatinWorld is fairly lazy.
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On the promotional aspect of issues, based mostly on web site site visitors estimates from Alexa, PlatinCoin bagholders are in Germany (24%), India (17%) and Mongolia (14%).
Though it was launched in late 2021, PlatinWorld recruitment solely picked up round January 2022. As per Alexa internet site visitors estimates once more, PlatinWorld is being pushed in Germany (24%), Russia (17%) and Mongolia (14%). Unsure why India dropped off in favor of Russia.
There’s no direct point out of MLM on PlatinWorld’s web site, however it seems PlatinCoin’s MLM alternative has been carried over:
The highest scammer selling PlatinWorld is German citizen Elias Pape.
Pape jumped into Ponzi scamming from Kyani. He was with Alex Reinhardt in SwissCoin and jumped over to PlatinCoin at launch.
Along with Reinhardt, Pape seems to have fled Germany for Dubai.
Dubai is the MLM rip-off capital of the world. On account of restricted extradition agreements and non-regulation of MLM associated securities fraud, the emirate offers a safe-haven to scammers.
With respect to MLM due-diligence, any firm, government or promoter working out of Dubai raises an automated pink flag.
In the meanwhile gullible PlatinWorld traders are possible being recruited on PLCU’s manipulated public buying and selling worth. It seems to be good on paper however clearly isn’t backed by something.
Be it scammers like Elias Pape cashing out PLCU or PlatinWorld recruitment collapsing (once more), PlatinWorld’s home of playing cards crashing down will consequence within the majority of traders shedding cash.
