Alex Reinhardt’s PLC Ultima Ponzi is collapsing, prompting him to launch PLCUX.

PLCUX marks the third Ponzi reboot from Reinhardt.

Reinhardt’s PLCUX funding scheme revolves round downloading an “Ultima Farm” app.

-Create a Farm Pockets and ship cash to it;

-Enter into a wise contract;

-Cash might be minted to your farm each month in equal quantities!

The PLCUX web site area (“plcux.com”), was privately registered on June twentieth, 2022.

Possession and govt data isn’t supplied on PLCUX’s web site. Actually Alex Reinhardt goes as far as to fake he’d not operating the Ponzi scheme.

PLCUX is a registered trademark of PLATINEX Restricted Legal responsibility Firm. Its use doesn’t suggest any affiliation with or endorsement by it.

Platinex is a Georgia shell firm Reinhardt runs his varied crypto Ponzi schemes via.

On its web site, PLCUX describes itself as

a steady revenue answer for you, primarily based on sensible contract expertise, which ensures uniform and steady minting each month!

Funding into the PLCUX app sees funds tied up for 12 months.

This time round Reinhardt isn’t permitting traders to see the fraud out within the open. PLCUX is a token connected to a smart-contract

Particulars aren’t supplied on PLCUX’s web site. For those who may see what’s invested within the PLCUX smart-contract although, it’d carefully observe the PLCU chart above.

Gullible traders join and make investments, after which Reinhardt and associates steal their cash.

There’s no indication there’s an MLM element to PLCUX on its web site. If there may be one, it’s not being overtly promoted.

One last item I wish to word is PLCU Professional tokens, which I noticed within the PLCUX whitepaper.

As we speak, the PLC Ultima ecosystem contains the PLCU and PLCUX cash (and) PLCU PRO tokens.

I hadn’t heard of PLCU Professional tokens so I went and appeared it up. Seems PLCU Professional is a BEP-20 shit token Reinhardt launched in April 2022.

No matter PLCU Professional tokens had been used for, the scheme has already collapsed.

Reinhardt started MLM crypto Ponzi scamming as an investor in SwissCoin.

When that collapsed he bought into operating 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).

PLCU has a man-made public buying and selling worth. Propped up by a wash buying and selling bot, PLCU reached a hilarious excessive of $113,579 on April fifth 2022.

PLCU began collapsing shortly after (Reinhardt and early traders started cashing out), seeing PLCU dump to its present nonetheless inflated worth of $2266.

Reinhardt, believed to be a German nationwide, fled to Dubai in 2021. He’s joined by fellow German nationwide and prime SwissCoin, PlatinCoin and PlatinWorld net-winner, Elias Pape.

Dubai is the MLM crime capital of the world. Via an absence of extradition treaties and failure to manage securities fraud, Dubai supplies a safe-haven for scammers from around the globe.

BehindMLM’s pointers for Dubai are:

1. If somebody lives in Dubai and approaches you about an MLM alternative, they’re making an attempt to rip-off you.
2. If an MLM firm relies out of or represents it has ties to Dubai, it’s a rip-off.