DIGnity=99% probable crypto scam
This is a whistleblower article, warning about the Dignity crypto token, and the Arbitrade project.
1) What happened?
July 2017 — Ronnie Moas was approched by Arbitrade to write a report for internal use.
Feb 2018 — The coin moved from US$ 0.002 to US$ 0.020 on heavy ($500,000) volume, and Ronnie Moas decided to endorse a buy option to his subscribers, and sent them the report.
Nov 2018 — After receiving EXTREMELY disturbing evidence Ronnie Moas warned that the project is more than probable a crypto scam, and filed a class-action lawsuit against Arbitrade on the SEC. Being himself one of the worse affected by the scam, ending with 3.000.000 $DIG tokens, that costed him around 1 million $.
2) Evidences of the scam
- The four people from Arbitrade that were in contact with Ronnie misspelled their first name and didn’t tell him their second names. This people are: Troy James, Stephen Lance Braverman, James Lee Goldberg and Thomas Carter Ronk.
- After finding out their real-full names Ronnie found out that each one of them had a history of bad financial behavior on their back.
- During the year 2018 “one of them” bought a hotel for 2.5 million dolars, and another one which was living in a rented flat paying 3000 dolars per month bought a house worth 6 million dolars.
- Arbitrade informed in an article that they had audited 356.000.000 kg in gold, but they didn’t tell which was the firm that made the audition. A person from the auditing firm contacted Ronnie, and informed him that the audition was only for 356 kg in gold.
3) Deffending Ronnie
I have been one of his subscribers, from 25th december 2017. In my opinion he is a very responsible person, with uncomparable proffesional skills and with very high moral values. In many of his emails during the year he was encouraging people to donate money to charities, and giving his time and money to improve the situacion of that charities.
I also met him this summer (2018), and I can tell talking with him that his mind and his heart is full of compassion for the poor and less fortunate people that are living in difficult conditions.
From the beginning with his emails Ronnie was trying to put his susbscribers in the best situation, explaining almost in a daily basis about diversification, warning not to put more than 5% of the crypto money in DIG, and also not to put more than 20% of their money in crypto.
4) What next?
Now Arbitrade is getting ready to list the token in many trading exchanges, trying to scam still more people in the way.
A minority of the Ronnie’s subscribers are blaming him for the situation, also posting wrong information in social media to discredit him. They are expecting the listing of the token in new exchanges to dump their possition in other people.
In my opinion, the new listings should be stopped and the token should be unlisted from the only exchange that is trading it nowadays, to avoid more people to be scammed.
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