Update (December 12, 2017): US authorities have finally begun cracking down on USI-Tech. In a statement released on December 20, 2017, the Texas State Securities Board announced that it had moved against USI-Tech, serving the operation with an emergency cease-and-desist order. According to Texas Regulators, those named in the order (Clifford Thomas from Maryland and Michael Rivera from California) had violated state securities registration standards, and failed to disclose information based on which investors could make an informed decision about the feasibility of the USI-Tech pitch. Regulators have also pointed out that the operation peddles daily returns in classic HYIP fashion, while encouraging existing members (quite a few of whom have posted comments below) to bring others into the fold, matching yet another trait of classic Ponzi schemes.
USI (United Software Intelligence) Tech is very peculiar operation, which has recently started to probe the crypto currency vertical with an extremely scam-suspicious offer. What is so peculiar about USI Tech? If you take a look at their website and you actually do some research about the “products” they offer, you won’t find a single sign telling you that this is indeed legitimate. Everything about every facet of the operation screams “scam” and a “shameless pyramid scheme,” yet there are many people out there who promote it, doubtlessly in the hopes of picking up affiliate money in the shape of commissions and rewards. There’s a thread on USI Tech at bitcointalk.org too, where all the genuine posters express suspicion and skepticism, but no one actually delivers any kind of proof to combat the buzz generated by a couple of “promoters.” At this point, calling USI Tech a 100% scam would be far-fetched on account of this lack of evidence, but the fact remains that everything about the business model the operator pushes is wrong.
It appears that usi-tech.info, the official website of the operation, has started out as a run-of-the-mill auto trading scam. It peddles some sort of shady software which is supposed to dominate Forex trading, automatically generating massive and consistent revenues for its users, in exchange for a one-time fee. Sounds too good to be true? You bet it does. The way the auto-trader is promoted is highly suspicious too. The website features a highly scammy promotional video, and it makes outrageous promises, without delivering any kind of insight into how these feats of greatness are accomplished. We don’t really find out anything about the company/people behind the operation either. The site does have an “impressum” page, where a Dubai company registration number and an address is given. The address is but a PO box at a hotel though, so it does absolutely no favors to the operation on the credibility front.
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A truly dedicated investigator will actually find out though who this operation really belongs to, although it isn’t easy by any means, as those promoting the scheme will always do their best to keep this bit of information under wraps.
The person under whose name the usi-tech.info domain has been registered is a certain Joao Felipe Fernandez Severino, a Portuguese national, who has been barred from financial activity in Portugal. This person was involved with another scam called AMC INVEST – apparently USI Tech’s first incarnation. AMC Invest offered 10% interest per month on investments and it ended up scamming hundreds of people before it was blown up by the authorities. People were arrested in connection with this case and some of them remain in custody.
If you come across a YouTube video posted by a certain OJ Jordan, in which he interviews the alleged CEO Ralf Gold and the UK rep, take it with a grain salt. This OJ character is apparently in on the scam as well.
Why do so many people seem to provide positive feedback on USI tech though? The fact that a EUR120 referral reward is offered to every new “member” one brings into the fold, may have a lot to do with it.
While on the USI Tech homepage we are told that their trading bot is not the type built on a couple of straightforward technical indicators, like most of its peers, no specifics are provided in this regard at all. We are supposed to take their promises and statements at face value and that’s it. The auto trader supposedly works with the MT4 platform, so it probably makes use of the technical indicators of the platform. The bottom line on this trading bot angle is that it’s most likely a shameless (and quite unoriginal scam).
Just when you thought things couldn’t get any shadier with the operator, you learn about USI Tech’s Bitcoin HYIP/Pyramid scheme, which promises fabulous returns of 1% per day for 140 days on one’s BTC investment. All one really needs to do to get in on this deal is to hand these trustworthy people his/her bitcoins. “Earning opportunities” abound after the investment is actually made too. Those who bring friends of theirs into the USI fold, get a 10% commission on the Bitcoin packs these friends purchase and – in classic multi-level marketing meets pyramid-scheme fashion – a 3% on the referrals those referred by them make.
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If one has any doubt in his/her mind about the true nature of this operation, in the ridiculous videos through which they promote their Ponzi scheme, the marketers of USI Tech use a series of pyramid diagrams just to make everything crystal-clear. There may indeed be a good dose of irony at work here.
Joining this Bitcoin Ponzi scheme is obviously free of charge, unlike the auto trader deal detailed above. All the perpetrators really need are their victims’ Bitcoin deposits.
Again, if you log onto YouTube or run a Google search, you will see scores of people promoting this scam. The above detailed affiliate scheme does quite a bit to explain why that is the case. Furthermore, Ponzi schemes like the USI Tech Bitcoin one, may actually pay a few of their victims for a while, from the funds deposited by their referrals. Some of these schemes may actually run as long as new people keep joining by the droves, but sooner or later they will indeed collapse, as the math just never adds up for them.
While bitcointalk forum users are cautiously suspicious in USI Tech’s regard for the time being, that’s hardly the case at Reddit, where people don’t shy away from calling this Ponzi scheme what it truly is.
Now, if you think that you are the only one who fell for this scam, think again. The domain usi-tech.info enjoys an Alexa global rank of 21,933 at the time of writing, which indicates this is a highly popular website. It’s mostly visited by people from the United States, the United Kingdom, Japan, Germany and Canada.
USI Tech Review Conclusion
The more closely you dissect USI Tech and its ridiculous offers, the more convinced you shall be that you are indeed looking at a combination of several different underhanded promotional methods and scams. We have an auto trading scam and a Bitcoin Ponzi scheme in the same package, powered by the evergreen appeal of multi-level marketing, and of course, by the never-ending supply of human ignorance.
Verdit: USI Tech is a SCAM!
Blacklisted sites: usi-tech.info, usiview.com, usitech-int.com & bitcoincashflow.net
Now, as you can see below and also in various forums, there are many positive reviews of USI Tech online. The reason quite simply might be that they offer 35% commissions on 12 referral levels in classic Ponzi fashion. If you have been scammed by them, please share your story with us by replying below. You should probably also report them to the FBI’s Internet Crime Complaint Center to prevent other people from getting scammed!
Update (November 6, 2017)
USI Tech have apparently realized that the only way to keep their system running is to constantly make announcements, release new features and have public appearances. This way, the public is kept hyped and new money keeps flowing into the system. Thus far, USI Tech have apparently paid their participants, but some of their hype-generating statements have been revealed to be nothing but lies. For instance, the operation has NOT been cleared by the SEC for the US market. That is nothing but a lie. USI Tech is not registered with the SEC in any shape or form: this can be verified by searching the Edgar database. In fact, it looks like some people have already reported the operation to the SEC. The only reason it has not yet been investigated, is the limited nature of the resources the regulator has at its disposal. If it keeps growing the way it currently does though, USI Tech may just earn a spot higher up on the SEC priority-ladder. For the time being, take a look at this document and see what the SEC’s attitude is towards operations like USI Tech.
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The operation has slowly been phasing out its Forex-robot angle, and it is now almost exclusively focused on the crypto currency packages. It has begun explaining its outlandish return rates through the generation of free energy with the aid of a magnetic generators, and the near loss-less re-conversion of heat into electricity. There’s an all-too-familiar artificial intelligence angle tossed in for seasoning too, so it’s safe to say that this one is getting wilder by the day.
Let us not forget that USI Tech have begun issuing their own crypto tokens, too.
Visit our Day Trading Guide to learn about legit cryptocurrency investment routes to consider. To join our member list and receive additional scam warnings from us directly to your inbox, please subscribe to ScamBitcoin.com!
Update (January 24, 2024)
A press release from the U.S. Attorney’s Office, Eastern District of New York, details charges against Horst Jicha, the CEO of a crypto investment platform called USI Tech. Jicha, a German national, has been charged with securities fraud and conspiracies to commit securities fraud, wire fraud, and money laundering. He was arrested on December 23, 2023, as he entered the United States.
The indictment alleges that USI Tech was a multilevel marketing scheme disguised as a cryptocurrency investment platform. It was initially launched in Europe and later introduced in the United States in 2017. Jicha, as a co-founder and CEO, falsely guaranteed high returns and misrepresented the legality of the platform’s offerings. After facing regulatory scrutiny in the U.S. in early 2018, USI Tech abruptly ceased operations in the U.S., leaving investors unable to access their funds and resulting in substantial financial losses. It’s estimated that around $150 million in Ether and Bitcoin was transferred to addresses controlled by Jicha after the platform shut down.
Victims of this scheme are encouraged to contact the FBI at USITechFraud@fbi.gov. The charges are currently allegations, and Jicha is presumed innocent unless proven guilty. The case is being prosecuted by the Office’s Business and Securities Fraud and General Crimes Sections, with Assistant U.S. Attorneys Kaitlin Farrell, Genny Ngai, and Daniel Marcus leading the prosecution.
This case highlights the U.S. government’s commitment to prosecuting financial fraud, particularly in emerging financial opportunities like cryptocurrency.
Those motherless fucks took my money and a week after registration they canceled my membership.
Created multiple tickets, but I’m getting nothing but apologies.
I hope they all rot in hell.
Is this K. Hansen?
well AS OF FEBRUARY 13 th 2018, there is STILL NO WITHDRAW BUTTON or wallet in the back office and the DAILY PAYOUT on btc packages has DROPPED DRASTICALLY. And now they think selling tokens is an exciting announcement….
Please give me a break….. and no one can dispute my statements. There is no withdraw and they want people to bring others in and sell tokens to go on the exchange….AND USI TECH ACTS LIKE THIS IS A BIG EXCITING ANNOUNCEMENT……………How can this be?……
Nice post, maybe this review ma bye useful too isusi-techascam.com
USI Tech will be bigger than Apple, the more people think its a scam the better it is for those who have actually researched this company and it’s reputation. Thank you for your doubt as it means more for us!
Lol. Get off the drugs kid.
So over the last 6 months, i have been intrigued by crypto currency, i began trading on IG, but i found that i recorded quite a lot of losses, but also if i held my equity in there i would have to pay huge holding fees. So i came across this platform that trades for you called USI-Tech for people that do not know what it is, this video explains it youtube.com/watch?v=Uu86vms1hJM.
So 6 months on i started with 20 packages which is roughly about 800, currently i am sitting on 110 packs which is roughly around 4,400 worth. In the group for USI-Tech i see that people are making some serious cash out of it and in fact some millionaires. What do you think, if Bitcoin goes to 20,000 + as predicted it really could be life changing as with USI you earn 140% in 140 working days therefore you benefit for the appreciation of the Bitcoin but also the extra 140% plus each pack you receive an ice to their crypto currency which will at least trade at $10 per coin, i currently have 30 tokens . Is a win win right because if i am holding it i may as well make a little bit more on the side also, for anyone that wants to have a look [affiliate link removed]
what does everyone think, should i sell now or wait and see how it does
So your looking at numbers on a screen and don’t actually have any of that money you mentioned in your possession?
Yes after getting this yesterday it is a scam..certain people have access to my money and others…I can’t even get to it and I don’t know if I will ever get it back.
Last Login at:
January 05 2018 17:14:04.
Partner Id: 123472124
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Important Notice
Extraordinary Termination of Distributor Agreement (Distributor ID: 123472124)
Dear Customer,
You are active for our company in the US and/or Canada as a distributor offering our services. We were utterly dismayed to learn that a large number of our sales partners extensively advertise our services on their own websites as well as on social media in a manner which is a breach of contract as well as illegal, and which gives the appearance that our service portfolio violates both US and Canadian law. Despite the measures which we have already initiated, this behavior has even intensified in recent weeks and months. This has already resulted in actions by the respective authorities against various distributors, as well as the first preliminary injunctions in response to this advertising behavior.
The initiation of the above-mentioned official action and the court-ordered preliminary injunctions has also inevitably placed our company in a legally problematic situation. This is due to the fact that, in the event of any doubt, it cannot be ruled out that this illegal advertising by the distributors involved will cause the relevant authorities to suspect that our company itself is promoting this type of advertising activity, or at least tolerates it. This type of alarming view by the authorities would lead to unforeseeable damage for our company as well as our sales partners who observe applicable laws. We cannot subject our company or our reputable sales partners to this danger.
Consequently, we have decided to immediately discontinue our business activities as well as our sales in the US and Canada. Unfortunately, this also has a direct consequence for you as a sales partner since the cessation of our marketing operations means that we are forced to immediately terminate our contractual relationship with you.
Although we deeply regret this step both on a business and a personal level, effective immediately we hereby summarily cancel the existing contractual relationship with you as a distributor,
or, alternatively, hereby notify you of ordinary termination as of the next possible date.
In light of the above-announced termination, effective immediately you may no longer market goods, software or other services to our customers, and we will unfortunately no longer be able to accept applications for distributor agreements from third parties from you. In order not to jeopardize the termination of our contractual cooperation, for security reasons your sales partner account in our back office will also immediately be blocked.
Naturally, we will be paying out all commissions earned up to today’s date. We expect to check your remaining unpaid commissions within the next 2 weeks, and as part of this process we will also check/offset/reclaim commission claims of various distribution partners for unlawful double payments/rebuys as well as for unlawful payments due to double-accounts (multiple registrations). Once we have concluded our audit and have determined commission claims, we will remit them to you taking into account the requirements of Section 14 of our Distributor Terms and Conditions. With respect to those sales partners whose illegal advertising behavior is responsible for this current situation, we reserve the right to assert claims for damages, which we will also enforce by offsetting them against commission claims.
We would also like to point out that, as a result of the above termination, effective immediately you must destroy and/or take offline all websites, landing pages, social media sites/chat groups (e.g., Facebook, YouTube, Instagram, WhatsApp, Telegram pp.) or other online or offline advertising materials relating to direct sales of our goods, software, other services and/or our direct sales concept. At the same time, you are obligated to immediately discontinue or cancel all current advertising and/or planned advertising, promotional events or other promotional efforts for our company. In addition, you must immediately terminate or discontinue the use of any registered internet domains, social media accounts, WhatsApp groups or comparable tools, as well as delete the associated login info and/or registrations inasfar as these internet domains, social media accounts, WhatsApp Groups or similar tools include our name, trademarks, product names or other characteristics of our company.
Compliance with the foregoing is also very important with respect to your own interests, e.g. in order to still any concerns on your part with respect to warnings or other actions for misleading or unlawful advertising by third parties or any official investigation of you, given that we have terminated our direct sales in the United States and Canada.
If you currently also use our products, software or other services as a customer, we will be promptly informing you separately regarding the continuation of our customer relationship with you.
We would like to conclude by thanking you for your commitment to our company and for your sales efforts. We extremely regret these recent negative developments caused by the behavior of dubious sales partners and wish you all the best professionally and personally.
Best regards
USI-TECH Management
This article is so wrong…
The Emergency Cease and Desist order, not to USI-Tech, but to Clifford Thomas and MIchael Rivera
Because they were promoting USI Tech on Craigslist telling people they could make a 1% Return on their “investment”.
They were breaking USI-Tech’s Terms of Service by promoting this as an investment or security.
You are only allowed to promote this as a product purchase not as an investment.
No cryptocurrency company has a license with the SEC.
USI-Tech is already aware of this Emergency Cease and Desist Order to the people who were promoting this incorrectly.
USI-Tech has a SEC Lawyer by the name of Hart David out of Chicago.
This is nothing more than a couple of dumbass rogue promoters promoting the product wrong.
The 140% Revenue USI pays it’s members is earned from:
Bitcoin mining
Ethereum Mining
Forex & Alt Coin Trading
Exchange Arbitrage
Leasing Patented Technology to other miners (added future revenue)
Bitcoin ATM’s (added future revenue)
USI-Tech uses all the legal above methods to bring in revenue and pay members their return on their btc packages.
Again.. this is about how two promoters were wrongly promoting USI-Tech nothing more.
Everyone yells scam or ponzi and does a bait an switch. They are only pitching FUD… Fear, Uncertainty and Doubt.
How is it that you are conversant with the sources of revenue when USI is reticent to divulge information of this nature? To me it seems like a pot pourri of legitimate sounding explanations that has been put together to sound good. Lets look at some of these so called sources of revenue.
Bitcoin Mining. The computing power required for Bitcoin mining is immense. Where is all of the mining taking place given the huge facilities required and the enormous power required?
Forex and Alt Coin Trading. Sounds like a really nice mix here. As a former Forex trader I find almost no similarity between forex and alt coin trading.
Exchange arbitrage. Sounds good until you look at what arbitrage actually is. Are we talking exchange rate arbitrage, cryptocurrency arbitrage or what exactly is it that is subject to the arbitrage?
Leasing patented technology. This is a really nice one. Given that the technology is patented, i.e. commercially protected, would it be possible to disclose what the patents are as they seem to be generating income.
Bitcoin ATMs. How many of the 1800 international Bitcoin ATMs do they own and where is the location?
Where are the dozens, if not hundreds, of staff located to service all of these revenue generating sources?
My friend it appears that have some skin in the game. This has all of the hallmarks, and the form of people involved, to indicate it is a Ponzi. If it waddles like a duck, quacks like a duck, has webbed feet like a duck, there is a strong chance it is a duck.
thank you for this reference , i have use the term investment everytime i share the link huhu, because a swiss told me its an investment platform and registered in sec..i got the idea from this person.. but usi tech still pays? im still a newbie there got a single pack i hope wont disappear
Is it true that USI TECH will open back up to the US and Canada soon?
Yes they updated their news feed on their backoffice stating they will cominse withdrawals once the audit of account are completed, which should be no later than next week.
Then why has the withdraw button and wallet been removed from back office since this fiasco started?
Also, the payout on BTC packages has reduced after 45 days instead of 140, for no apparent reason…there is no excuse or justification for that……..
Even if you make money on it, if it gets shut down as a scam, they may later come after the “net winners” for participating in a fraud. It has happened before with Zeek Rewards and some other HYIP programs. They clawed back “winnings” of everyone who made over $1000. Success doesn’t look like having legal problems for months or years, and also tax problems because your deductions for a fake business will also be disallowed. The only hope you have is it stays small enough for the SEC not to invest time in prosecuting it.
I’m constantly telling people this. Many won’t listen. I was with Zeek for a few months before they closed, made no money, but saw many lose their money & investigated as well, having to pay the money back.
It’s sad to see people work a whole year, solely focused on that one company, only to lose their money & their year’s work!
The Canadian government have just issued a warning about USI-TECH. Check the British Columbia Securities Commission website yourselves as they have officially added USI-Tech to its investment caution list.
To be fair, the BCSC is saying simply that USI Tech is not registered in British Colombia, and with all firms not registered in BC, they urge caution. That’s it. They don’t call USI dishonest or a scam. They’re simply stating that USI isn’t registered in BC, so proceed with caution. Which is sound advice.
For the record, CLSA, a 30-year old top London-based securities firms, is not registered in BC. Nor is SEK (Sweden’s biggie), and probably many more.
BC’s entire population is less than 5 million people. That’s a fraction of the city I live in.
Good for them, for guiding their residents with sound financial advice. How much bearing that has for those of us involved in USI is probably pretty small.
This indicates a scam. If you are selling an unregistered security in Canada, or Texas, you are scamming people. Eventually they will be banned from doing business in these countries, & all the “investors” will be losers!
In all reality, if you are selling an unregistered security anywhere you are committing fraud.
Dubai, furthermore, is known for their email, phone, & street scams…look it up!
You will notice that the company is not registered in Dubai but in another emirate in the UAE, Ras al-Khaimai. If I wished to scam someone I think I would prefer to say my company was registered in Dubai rather than Ras al-Khaimai which no – one has heard of.
Instead of voicing your idiotic opinion WHY DON’T YOU SHOW US THE PEOPLE WHO HAVE BEEN SCAMMED? Names, numbers anything..What a LOSER YOU ARE,,
Can we write your name here now?
If the money/commissions is not being paid from new recruits and is in fact from the value of bitcoin, why not just buy cryptocurrency direct? If the value of cryptocurrencies fall where will the commission and capital returns come from? Only invest in what you can afford to lose whether purchasing crypto direct or via loaning money to USI Tech to purchase packages.
There were many pieces that helped my wife and I decide to trust USI-Tech. One was hearing the COO talk about them going through the process of becoming a publicly traded company by 2020. Another was digging around and seeing them appear on the blockchains. Here’s just one shot, this one from the etherchain:
i.imgur.com/13Mi8Ft.jpg
We appreciate that for many, USI won’t feel safe for another couple years, or even forever. But I’m 61 years old. All the big money bets I’ve made in my life were ones where I got in when most of the world thought it was silly, or illegal, or would fall apart, or was a scam.
Well so far doubled my money, so I’m happy. Everything from here on out is butter. I love it.
Well, the btc packages have been so successful, we’ve got some 220,000 members or so who trusts us to the teeth. Let’s get some serious cash, hehehe. Let’s issue 500M of our own digital currency for sale to them!
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Questions? What? No we better bar people from taking videos from our conventions! Otherwise, people will know the truth. Look… once we make our 50m, do you think it’s time to shut down the site?
WOW, these btc packages are so attractive, people are buying them left right and centre. I mean why wouldn’t you? a 40% return in 6.5 months… that’s insane! Even JP Morgan and the mob don’t make that much? so wait… some people are asking questions…
lol, imagine if you really could make that much money?
It’s not a scam because, so far the majority of members are getting payouts! Bring home the bacon honey while they’re hot because when the pigs stop supplying the factory, it will just be an empty sty. You’re getting your payout because it’s early days of the scheme. It’s a simple but brilliant one. You give me 50 eur, I give you back 0.50 eur for 140 business days. In 100 days, you just got back your capital so that’s a bountiful return because for the next 40 days, It’s free money… yey… earning… Sooooo why not re-invest that 50 I just gave back?because after all, I kept my promise of paying you 1% everyday… Wonderful, thank you. Now, I just got 50 eur again so I can pay you that 40 days remaining of the contract I promised. In the meantime, because you are getting some good returns, 40%, mind you for 6.5 months… why not refer your friends and family so they can make tonnes of money too and you will receive commission up to 35% from them and the people they recruit 12 levels down. WOW! You’re a born leader, you just got 3 of your friends in who just gave me 150 eur to cover the payouts of your rebuys every 100 days. Just make sure they do the same, Keep up the good work!
You keep on believing, trouble is ponzi schemes do payout but someone will lose out somewhere along the way!
I’ve been a part of USI for a month and a half now, and because of taking on new members and the price of Bitcoin going up, I’ve doubled my initial investment. I really don’t believe this is a scam. Bitpetite was a scam for obvious reasons, and their owner never showed their faces. USI Tech is different. They are out there, travelling the world, putting on seminars and investing in their company.
The only thing SCAM IS THIS ARTICLE, I’ve joined with USI tech since August and there were suspicions at first but I put faith in my friend that referred me. I tested the waters with 1 pack and waited until enough earn interest was available. Then I was able to make my first test withdrawal and the minimum was $10 USD. It took a while to arrive in my wallet due to blockchain’s growing technology and how they process the higher amount transactions first. I eventually received my payment in the form of bitcoin then easily convert it to usd using coinbase. Ultimately I believe the more research you do about the cryptocurrency and how it works on the blockchain you can then begin to understand that this is a new GROWING entity that is being adopted by a lot of billion dollar companies, its going to take time to evolve and get accustomed to using it. And for USI Tech I am very pleased with their customer service after the update and they communicate well with emails. My suspicion of scam is no longer valid with USI. I see enough testimonies about this company that are unbelievable and once I have enough to have a nice compounding interest, then I will start making weekly withdrawals. I surely will be apart of that before its too late. Im apart of a fb groupchat with my upstreams that have tons of new information and surly someone can answer any questions….Test the waters, governments scam us everyday…..but this here I cant find s*it bad to say about the company except I wish I would have know when it first started. : )
Recently joined USI Tech about two week ago, bought 2 packages to see how the payout works. It was roughly paying out 1% daily. About 5 days ago, I bought 40 packages since I was seeing the daily returns. After the purchase, USI stopped paying any daily returns either for the old packages or the new ones bought. I have reached out to support to see if there is any technical issue with site but no response from them in last two days. Not sure who can help and why would they stop the daily payout. Assistance here is appreciated.
Not sure why your having issue Jay but Im sure you’ve been replied to by now. Sit back and relax sometimes you have to give this site time to update, they have so many new members joining everyday that takes more sever capacity and time to adjust to volume.
Usi-tech is 8 years old? 2016 it started right? Until people stop investing and buying packages the scheme could go on for awhile.. i will be laughing at you all when the website randomly dissapears and you all go wtf what can i do now? Where my bitcoins? Go hunt em down to their HQ in Dubai to find and empty paddock and a camel? Bit late then. If u are ahead cash out now as this will collapse the thing faster. My theory is they are collectively collecting all your money to buy bitcoin, next year when/if bitcoin price doubles/triples whatever…bye bye thanks for helping us get rich.
Hi, I was really thinking to make a big investment with Usi-tech, but not sure anymore after reading your comments. Do you have any suggestions where it would be safe to invest? I really would appreciate your suggestions Thank you!
My definition of “getting paid” is when you have requested money from USI and they have actually deposited said money into YOUR bitcoin wallet. Saying that you have been paid 1% for the day’s trading and it shows up as being so in your back office does not mean you have been paid.
USI has the earmarking of a ponzi scheme; a heavy emphasis on bringing in new members, saying they are trading its members funds in forex – or whatever – as a means of generating profits for its members, having trouble with its website because of migration, a backlog of support tickets, etc….
If anyone has had any experience with HYIPs that were all the rage a decade ago, you will understand what I’m saying.
Just do the math! There are 21,000,000 BTC in the world period! Not one more! Now each BTC can be divided by 1,000,000 according to the Block-chain ledger!
What you see happening here is that people that have the first 17,000,000 BTC are exiting by having entities like USI – pull in the unsuspecting people.
O.k. so I may be way off base – yet I doubt it.
Those people that are praising USI are out getting the new $600.00 unsuspecting human that is full of greed… and that greed will feed the USI machine.
(this is USI thing si very suspect)
Brad Burns
Post Disclaimer:
I’ve invested and personally signed up over a million USD in accounts. I’m not someone who has just registered and is skeptical, I’m posting daily eye witness account information and tons of people have already contacted me that I signed up or didn’t sign up, the account information I’m sharing is real and so is the BTC and the money associated. I’m going to post a clear timeline of events, account information and more, I’m not revealing anyone’s names or personal information. I like many others jumped in head first to a system that’s obviously now turning out to be a huge MLM scam. I am an experienced forex trader/ Bitcoin trader/miner/C programmer / Database Designer/ PHP/MySQL / Server Administrator etc.. I’ve been in BTC since 2009 when it started.
Timeline:
About 6 months ago I signed up for USI Tech and I have had a lot of people investing time and money and marketing into signing up as many people as possible, I never directed these people to do so (most of them) they just saw a very lucrative option in their “commission plan”.
I took tons of screenshots everyday for this very reason, at the time of writing this USI just had their 1 year anniversary. On November 1st USI did a lot of things without warning anyone, and when the people who have bought into their MLM scam find out about it they are going to be really pissed off. Another thing that is sketchy as hell is the token sale they just integrated into the website. Stating things like we will release the white paper once we sell the tokens? What the fuck? So your going to make us buy into your MLM scam just to see a white paper on why we are investing. Get out of crypto town!
Bullshit Commission Plan Updates (With No Warning):
For 6 months myself and hundreds of other members 400-500+ just re bought and re bought thinking we would make tons of money down the line and we bought into their commission plans before the November 1st update which consisted of an agency license or forex trading license which comes with an agency license anyway, now of which is all gone in the new “website update”.
Before The Website Update:
The commission plan prior to November 1st was you get 3 members to buy 12 packages, and pay 600 Euros and you unlock 12 levels of commission. Directs were 10%, and every level down to 7-8 was 3% after that it was 1%.
After the Website Update (November 1st):
On day 1 of the upgrade I knew things were about to seriously go wrong. Well, so far all they did was piss a bunch of people off and scare a bunch of people away, the ones who invested are now blowing me up wondering what’s going on. Their new Uni Level plan blows, 90% of the old website is gone.
Levels 6-12 on my account are gone, more levels are missing from other people who I signed up as well. They didn’t warn anyone about their new “website” or “Commission plan”. They didn’t tell anyone about their “token sale” until after the update. At the time of writing this the USI Tech iPhone and Android apps are now completely defunct AKA not working at all.
They changed the commission plan to make it to where you have to sign way more people up with “packages” to get the Uni Level commission they promised from day 1, so it’s now literally 10 times harder to get Uni Level commission and you guessed it, I haven’t seen a single satoshi of commission from those levels. To make matters worse my account balance has greatly decreased, my daily pay is half if not less of what it was before the update. I’m missing hundreds of registered members that were adding daily commission to my account and 7 days later absolutely no response from their “24/7 support”.
Keep in mind before their update I had almost 6000 Uni Level packages connected to my account, now my account quite literally reads 0. I was expecting to have 10,000 uni level commissions by the end of the year minimally.
Broker Accounts / Payment Options All Gone:
Now they have replaced the payment options for USI Tech with their new BitcoinByCredit system which charges users 10% for buying BTC with credit cards. Payza gone? (Red Flags) All the information on their supposed “trading bot” the download for people who bought the license (me) all gone. Tell me this why would a company that has it’s main feature as “trading” remove everything about trading on their internal website?
Summary:
They should turn Registration the fuck off then and fix their website before allowing people to rebuy over lost BTC.
Instead they just keep taking new members for their obvious MLM scam.
Their entire organization is a MLM scam.
This Token Sale could be a huge exit strategy for them to rob everyone.
At the time of writing this my lifetime account balance is literally less than before the update and I’m missing coin, members, commission, and 90% of the old website is now gone from the new one.
Bottom Line:
The only thing that will save USI Tech from this is if they build an internal personal audit and submit all the documents to the government, install visible verifiable transparency, and pay everyone every cent owed. If this is not possible then they can do like every other failed ICO and get eaten by the wolves.
Update: 11/8/2017
Uni Level Is Now Fixed
Waiting On Next Moves From USI Tech, needs more integration with US Securities and Exchange Commission before it can get larger in my honest opinion.
How the laws work on this stuff is pretty simple.
I can tell a huge decrease in my daily pay/commission/members! This new website is most definitely engineered to just sell packages and tokens! How the hell could a company that makes all these claims about trading not even have anything related to trading inside their website! 90% of the functionality of the old website is gone!
It’s a damn ponzi scheme…plain and simple.
USI-Tech is NOT a scam, Jeff. We’ve spoken to the owners and some of the long-time partners in Europe. They’re legit. No one hires the very expensive Hart, David, and Carson law firm (out of Chicago) if they were scammers. I’d be happy to stay in touch over the next couple years and report our earnings if you’d like.
lol and you believe them cmon, no one can earn that kind of money!!lol
I have earned with USI Platform and just like you I was skeptical! My friend who asked me to do a few months back just purchased a fully paid home and a Bentley for her wife! So what do you think I should do?
RL, get out while you (hopefully) still can and spare a thought for anyone you enrolled.
Bernard Madoff had some great lawyers and big investors too… your goose if you think have a lawyer makes you legit
I don’t know what the hell you are on bro, but everything in my backoffice is in order, at 458 packages now getting all commissions 7 Levels now coz that’s as far as my team has gone. And for everyone else asking about money into the bank, I withdraw around $1500 a week to live on and rebuy with the rest.
Post Disclaimer:
I’ve invested and personally signed up over a million USD in accounts. I’m not someone who has just registered and is skeptical, I’m posting daily eye witness account information and tons of people have already contacted me that I signed up or didn’t sign up, the account information I’m sharing is real and so is the BTC and the money associated. I’m going to post a clear timeline of events, account information and more, I’m not revealing anyone’s names or personal information. I like many others jumped in head first to a system that’s obviously now turning out to be a huge MLM scam. I am an experienced forex trader/ Bitcoin trader/miner/C programmer / Database Designer/ PHP/MySQL / Server Administrator etc.. I’ve been in BTC since 2009 when it started.
Timeline:
About 6 months ago I signed up for USI Tech and I have had a lot of people investing time and money and marketing into signing up as many people as possible, I never directed these people to do so (most of them) they just saw a very lucrative option in their “commission plan”.
I took tons of screenshots everyday for this very reason, at the time of writing this USI just had their 1 year anniversary. On November 1st USI did a lot of things without warning anyone, and when the people who have bought into their MLM scam find out about it they are going to be really pissed off. Another thing that is sketchy as hell is the token sale they just integrated into the website. Stating things like we will release the white paper once we sell the tokens? What the fuck? So your going to make us buy into your MLM scam just to see a white paper on why we are investing. Get out of crypto town!
Bullshit Commission Plan Updates (With No Warning):
For 6 months myself and hundreds of other members 400-500+ just re bought and re bought thinking we would make tons of money down the line and we bought into their commission plans before the November 1st update which consisted of an agency license or forex trading license which comes with an agency license anyway, now of which is all gone in the new “website update”.
Before The Website Update:
The commission plan prior to November 1st was you get 3 members to buy 12 packages, and pay 600 Euros and you unlock 12 levels of commission. Directs were 10%, and every level down to 7-8 was 3% after that it was 1%.
After the Website Update (November 1st):
On day 1 of the upgrade I knew things were about to seriously go wrong. Well, so far all they did was piss a bunch of people off and scare a bunch of people away, the ones who invested are now blowing me up wondering what’s going on. Their new Uni Level plan blows, 90% of the old website is gone.
Levels 6-12 on my account are gone, more levels are missing from other people who I signed up as well. They didn’t warn anyone about their new “website” or “Commission plan”. They didn’t tell anyone about their “token sale” until after the update. At the time of writing this the USI Tech iPhone and Android apps are now completely defunct AKA not working at all.
They changed the commission plan to make it to where you have to sign way more people up with “packages” to get the Uni Level commission they promised from day 1, so it’s now literally 10 times harder to get Uni Level commission and you guessed it, I haven’t seen a single satoshi of commission from those levels. To make matters worse my account balance has greatly decreased, my daily pay is half if not less of what it was before the update. I’m missing hundreds of registered members that were adding daily commission to my account and 7 days later absolutely no response from their “24/7 support”.
Keep in mind before their update I had almost 6000 Uni Level packages connected to my account, now my account quite literally reads 0. I was expecting to have 10,000 uni level commissions by the end of the year minimally.
Broker Accounts / Payment Options All Gone:
Now they have replaced the payment options for USI Tech with their new BitcoinByCredit system which charges users 10% for buying BTC with credit cards. Payza gone? (Red Flags) All the information on their supposed “trading bot” the download for people who bought the license (me) all gone. Tell me this why would a company that has it’s main feature as “trading” remove everything about trading on their internal website?
Summary:
They should turn Registration the fuck off then and fix their website before allowing people to rebuy over lost BTC.
Instead they just keep taking new members for their obvious MLM scam.
Their entire organization is a MLM scam.
This Token Sale could be a huge exit strategy for them to rob everyone.
At the time of writing this my lifetime account balance is literally less than before the update and I’m missing coin, members, commission, and 90% of the old website is now gone from the new one.
Bottom Line:
The only thing that will save USI Tech from this is if they build an internal personal audit and submit all the documents to the government, install visible verifiable transparency, and pay everyone every cent owed. If this is not possible then they can do like every other failed ICO and get eaten by the wolves.
Update: 11/8/2017
Uni Level Is Now Fixed
Waiting On Next Moves From USI Tech, needs more integration with US Securities and Exchange Commission before it can get larger in my honest opinion.
How the laws work on this stuff is pretty simple.
I can tell a huge decrease in my daily pay/commission/members! This new website is most definitely engineered to just sell packages and tokens! How the hell could a company that makes all these claims about trading not even have anything related to trading inside their website! 90% of the functionality of the old website is gone!
They fixed the problems with the new website. Everything is right now. Why didn’t you post that you fucking loser! USI Tech is not a scam!
No need to bash people. People post negative things when negative things happen to them FUD is real. We all should be accustomed to this by now in the crypto space but anytime you lose something or something doesn’t go right you can panic. USI didn’t shut the lights off, their disruptions were planned and communicated. They are adding more staff. Security is their primary concern. Time will show and prove what their made of. MLM can work in the right circumstances. I think this is one of the few instances in which we should be grateful there is a MLM structure and we are allowed to profit with the companies growth without having to complete an employment application.
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If you search the “USI-tech” in the SEC website the first result is a 3 page PDF warning of Crypto ponzi schemes. “Warning bell going off bigtime”
“THIS IS HUGE” * A GAME CHANGER * USI-TECH has been retained by Hart David Carson of Chicago to provide legal opinion regarding the viability and market strategy regarding a derivative based software platform presented in order to trade Bitcoin on Forex related markets. Accordingly, we render the following legal opinion (1) USI-TECH Limited, registration number 1CC20160282, is an international business company duly formed, validly existing, and based solely on the Good Standing Certificates – is in good standing under the laws of Ras Al Khaimah International Corporate Centre Business Companies Regulation 2016, (b) has all requisite power and authority to carry on it’s business as now conducted, and (c) is qualified to do business in, and is in good standing in every jurisdiction where such qualifications are required. (2) We are aware of no claim, litigation, action, or proceedings pending, threatened against, or otherwise affecting USI-Tech that involves the possibility of any judgement or liability not fully covered by insurance or that may result in a materially adverse change in conditions financial or otherwise of the USI-Tech organization. (3) USI-Tech Limited are in compliance with and actively endeavor to comply with those regulations currently in place by the Federal Trade Commission (FTC) (4) USI-Tech is reflective of a validly existing and compliant multi-level marketing business model, adherent to the restrictions and allowances provided by KASCOT INTERPLANETARY INC, 86 F.T.C. 11186(1975) and in RE: AMWAY, 93 FTC 618(1979)
Did they not do the same for “My Advertising Pays'” which has been shut down as a scam, how will you reconcile that information.
Presumably you mean to say that USI has retained Hart David Carson. Great a legal opinion provided by someone that they have retained and paid a fee to. Sounds a little like having a dog and barking yourself.
There isn’t a single person in USI who isn’t making money and hasn’t made their 140% as promised. The company has always made good on their promises. I have bet people 1,000EUR that they could not find a single person in the company who has invested and not made money and they have all lost.
Sincerely,
Someone who has met and interviewed the owners and been involved for approximately 1 year
I bought 3 packages almost 4 months ago and planning to add more because i always get paid everyday as what i expected. I know someone whose account was already expired and able to get all his money 100% capital plus 40% gain. USI is not a scam. As far as i know they already put up an office in Phils. and got their SEC registration there.
SEC registration is a lie. They have apparently been reported to the SEC.
Have you actually withdrawn money and had it deposited into your bank account from USI? It may be legit but it does have the earmarking of a ponzi scheme. So…any money in your bank account that you made via USI?
I’m taking out money every couple of days. It’s everthing they say it is.
But the money you have been paid is from new members and not from trading. USI is a ponzi and will one day crash and burn.
Has anyone not been paid after 140 days on just their packages? I don’t plan on promoting USI until I see if they pay.
Everyone has gotten paid that I met. You get paid daily, not after 140 days.
Buy getting paid, you mean they have withdrawn funds from USI and had them deposited into their wallet or bank, right?
Yes we get paud everyday. I have gotten my seed capital after two months because of bitcoin appreciation.
I just paid for one package to wallet address they gave me. It was showing funds received, so I clicked the dashboard but now I don’t see them in my balance nor I see my package. I try to create a support ticket but when clicked on save then it just say loading and screen just get hung forever. So I guess there is no way to get to support. So not again that I got scamed. Are they scame? Still don’t want to believe that it could be a scame, I did my DD through YouTube and everyone seems to be praising them there. I feel very disappointed and heart broken. In the comments above some people are still praising them, may they were hired reps from usitech.
Nobody hired anyone to post here. You need to get with your sponsor so they can show you how to use the website. Sometimes websites are slow, sometimes confirmations are slow. Sometimes support gets backlogged. But your tokens will be where they should and you will get paid as they stated. Don’t let FUD overcome you. Relax. Reach out to your support team, that’s why their there, that’s why they get a commission. It takes time to teach people how to use the site. If you picked a sponsor that doesn’t have time for you and your success pick another one. I get tired of explaining everything to people who get into USI and their sponsor never taught them how to transfer, how to buy and rebuy, how to share their link, how to best grow their bitcoin. They just followed a link and are clueless about everything else except for what they find on YouTube. Pick your sponsor wisely. Nothing wrong with USI tech. Next month they will have changes to the site and hopefully it will be more user friendly and you won’t have a hard time finding the links to see what your looking for… since your sponsor obviously didn’t show you.
so true for i too love USI Tech … why they are getting a bad rap here is beyond my control .. n i am very shocked n pissed off now to say the very least … 8+ yrs is one hell of a long time to be in a Biz IF IT WAS A SCAM!! …and many of our partners are getting paid… I only have 4 pkg n one old one… but i am being paid… now with new url things like moving to a new home … are in a bit of an array … n is being fixed as we speak … 🙂 I feel very confident in USI TECH too …..FAKE NEWS SAYS OTHERWISE …..
Jay, they have a new customer service number now, as well as a new backoffice with a new link. I’m sorry that your upline doesn’t seem to be updating you. Give them a call directly and they will take care of you. Please update us on the progress, here when you get a chance. +1-702-552-1640
And the new link is: [affiliate link removed]
i just signed up USI Tech, I didn’t buy any package yet, try to call this number ( 1-702-552-1640 ) – the number is not in service, i tried 4-5 time and I get this “i am sorry you call cannot be completed ….” . I am still in process of DD . Thanks for all the input.
The support is working perfectly I always receive reply when I contact them.
Can’t understand why this has happened to you. I know at least 300 people in usi that have not had their problem solved
More than two weeks ago, I bought two packages on two different days. The second package never showed up in my account. After opening a ticket on the website and several follow ups, I received an emai that the matter was referred to the responsible department. After no resolution and several phone calls that were answered by a call center in the Philippines, again I was told not to worry, it would be taken care of. This is not how reputable businesses work. It still hasn’t been taken care of and this doesn’t seem to be a priority for them.
Furthermore, I watched a video with one of the owners where he refused to give the name of the cloud mining company that USI-TECH is contracted with, saying that if he did then everyone would go directly to the mining company. That’s pure deception. If you do any real research, you will find that making a profit mining is becoming more and more difficult and profits are shrinking. There are no legitimate companies that are paying near these returns and certainly not guaranteeing any return. This is a Ponzi scheme by definition with no real product. It won’t last.
Hi Cliff – support has been an issue. I understand why you’d be concerned.. the fact is – they’ve had such a massive growth that they just weren’t geared up for it.
A new support team is in place now – along with a phone numbers you can call (I saw one posted above).
I too had a pack that went missing.. but they did follow up and got it all sorted for me..
I strongly suggest you do two things – 1. talk to whoever your upline is, 2. lodge another support ticket (or call them). I’d be happy to help you personally but not sure if leaving my details here is such a good idea!
Cheers
Lesley (Australia)
* This comment came with an affiliate link, which we removed, indicating it’s probably fake.
Yes, I got my package bit it will be a long wait before I can do anything with it. Meanwhile the only way to make anything in it is to recruit. So if you are not good in recruiting, then you can bring in more to invest but then you have a long wait ..
nope Not true.. U do Not need to rickie recruit anyone … u can simply purchase your own $65 BTC PKGS …. n it will bring u in 40% on your Capital in 7 mths time … from there u can withdraw it if u choose but most simply put it in REBUY MODE … Compound interest ….every 7 mths … IF u hve a dl partner U will get 10% on all their purchases at same time they buy BTC PKG n if they do the Forex SW … about 140 Euro … 🙂 EITHER WAY JAY … U STILL EARN $ WITH USI TECH …. most folks start out just for themselfs n in time decide to share when they see they are making $ … i am so supprised your sponsor is not assisting u on these simple matters…. ours is marvelous … as is USI TECH of course….just leave it all in there n be sure u have the REBUY BUTTON ON ….n let it do its thing 🙂 kching
I am Lesley..youve taken my comment from somewhere. ..there
was no affiliate link…youve made this up with my name in it…who is the scammer here?
The first comment by Lesley has a different email address and IP… so how do you explain that? Trust me, we do not have time or need to invent comments, we get plenty every day, from both scammers and victims. If the authorities will ask, we won’t have any problem to provide them with all the emails and IPs of the scammers and spammers posting on our site. We’d actually LOVE that!
Ok firstly… both comments were mine – I have the new NBN on at my house (which is Australian for Nightmare Broadband Next-to-nospeed).
So i often use my portable wifi – so yes different IP addresses.
Secondly – I have a personal email address I use with FB and one I use with my business.
THe first comment would have had a link to the support porttal.. I would never leave an affiliate link here – would be a complete waste of my time and energy.
So – your accusation of me being fake – is wrong… as are several of the facts in your article.
It’s fine – you’re not a professional investigator…
Best of luck.
USI TECH is now in 8+ yrs of biz … n Growing stronger day by day n with our New URL n BO … Transfer of accounts being done … when it is complete … 🙂 for every one …. I am sorry to hear u had trouble with your pkg…. for we had a few with issues n they were taken care of myself included … n my dl partner ..all updated correctly …. it is your Sponsor too whom needs to assist you on how to do things correctly .. ie buying pkgs .. or forex sw .. (optional of course ) etc …..USI TECH is to OLD to be a ponzi as u say ….we just had a great celebration in UK … Convention here is the video 🙂 many successful people there … youtube.com/watch?v=Yrk1b8xNXlI&t=1028s
as for myself I only have 4 pkgs one is old n all are being paid 5x a week …i am very happy with USI TECH ….hope u will be if not already by now too…..errors will be made by humans it is up to humans to have it corrected …when informed ….n they have been doing so …. good luck with your account ..contact Your Sponsor for advice n send in another support ticket if u still need help …. tc
lol 8 years, not doing this it hasn’t! Live and learn, live and learn!
USI-Tech is not a scam. Myself and several people I personally know, are making good returns…140% return on packages purchased…as well as commissions on referrals.
Nobody has been scammed by USI-TECH. It is a legitimate company with a powerful software and means to generate income through bitcoins. Time will tell. I use USI-TECH as a part of my portfolio and they are the best in my opinion.
Hi John
where are you based pl`s ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,I m looking at this usi tech ,,,,,,,,,,,,,,,,,,,,,,,I went to a promo in sydney australia ,,,,,,,,,,,,,,,,,,,,,,are you making a bundle of money , or just ticking ower
cheers Paul
They pay as agreed. You get according to what you put in.
How does US approved this company from entering their place? As I am aware, US was one of the most regulated country in the planet.
Huh
Did you forget the that USI last week got a stamp of approval that they are in compliant to do business in the USA. This is very hard to do. I guess the FTC links Ponzi.
really, I dont think so look here: secsearch.sec.gov/search?utf8=%3F&affiliate=secsearch&query=USI+Tech
Butcrac, the search you didn’t bring up anything regarding the company USI-Tech. It instead brought up PDFs that have the letters “usi” together, as in “using” or “perusing”. None of them are about the company USI-Tech.
I’m not suggesting you get involved in the company USI-Tech. Just correcting the facts.
Search for the word “using” then…
USI Tech has not been prosecuted as running a ponzi scam yet, therefore it is not mentioned in SEC site. Whatever it is, to add credibility to the company, USI Tech should publish its audited financial statements to those “loaned” money to them. The financial should disclose the usage of borrowed funds and proper allocation of its source of income. In the absent of the financial statements, whatever the management commented should be cautious…
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I thought Ponzi schemes are illegal in the USA. Why are they doing live events there? Who can we report them to? Can you please find out how they are able to do business in the USA and post your findings here please.
Is anyone that has been scammed? No replies.
Crickets*
No one has been scammed in USI-Tech. This article is a scam.
Note that this comment was written by a USI-Tech affiliate.
If it is a Ponzi scheme, everyone is being scammed. The fact that some people have actually withdrawn money so far does not mean that it isn’t a scam.
The fact that my wife of 13 years hasn’t slept with someone else does not mean that my marriage isn’t a scam.
Same goes with my friend returning my car, my brother paying back the $500 he borrowed, and distrusting that people will remember to drive on the right side of the street tomorrow.
I like to live each day basically so overly cautious that when an opportunity does present itself, I distrust it out of sheer habit.
I’m not absolutely sure how to take that but I’ll reply on the basis that it was sarcasm. Forgive me if it wasn’t.
That is so not the same thing. In a working ponzi scheme, people who get in early make money. People making a profit out of USI-Tech is exactly what you would expect at this stage of a successful ponzi. People making money right now says nothing at all about whether or not you should trust USI.