Whereas reliable businessmen are on the lookout for methods to supply worth to their esteemed clients in alternate for cash, Andrei Khovratov is concentrated 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 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 may folks sniff out the actions of his fraudulent outfit, the scammer strikes swiftly to vary his firm title.
This tactic was on show in 2019 as SWIG Worldwide LTD, the brainchild of Andrei Khovratov had its title 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 entails investments that may make them wealthy. Andrei Khovratov is aware of the typical human is pushed by insatiable desires and investing is believed to be a portal to el-dorado. The scammer has perfected his scheme with using cryptocurrencies. Andrei guarantees these buyers the chance to be wealthy by means of investments in myriads of belongings through the acquisition of his nugatory CRU tokens.
Regardless of these frivolous claims, Andrei Khovratov is at all times 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 at all times simple excuses utilized by scammers to deceive and exploit the general public. And Andrei Khovratov isn’t 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 can purchase the CRU tokens by means of dodgy web sites.
The Conspicuous Pink Flag
Regardless of how attractive presents from scammers like Khovratov is likely to be, there’s at all times that huge signal that such presents are scams. In Khovratov’s case, the dearth of any license for the safety token providing is a purple flag. Continuing with the gross sales is a breach of current legal guidelines, however buyers typically go forward with their buy. After all, opting to observe this route at all times places buyers on the unsuitable footing, so it’s necessary 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 previous members to convey 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 inside the platform. By getting newbies to register, older customers can get 150 nugatory CRU. This leaves newbies on the lookout for their very own scapegoats. What kind of loopy scheme is that this?
The Bait
To get buyers to purchase his CRU tokens, Andrei Khovratov makes an attempt to create the impression that these cryptocurrencies are extremely precious digital belongings 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 title 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 means of the completely different advertising campaigns of his NEEW firm, Andrei Khovratov gathers his foot troopers, armed with all the correct phrases, and despatched to herald everybody they’ll persuade. Whereas most get their relations and associates concerned, the disagreeable aftermath can spoil relationships when the scales fall off their eyes.
The Bare Fact
CRU tokens are utterly nugatory. They will’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 must do some analysis, and its hideous underbelly is uncovered.