BTC / USD
22,686.43
2.24%
(-520.15)
ETH / USD
1,631.32
2.53%
(-42.37)
XRP / USD
0.39
1.85%
(-0.01)
LTC / USD
96.55
4.46%
(-4.51)
EOS / USD
1.07
2.99%
(-0.03)
BCH / USD
130.24
3.5%
(-4.72)
ADA / USD
0.39
2.36%
(-0.01)
XLM / USD
0.09
2.19%
(-0)
NEO / USD
9.24
1.26%
(+0.12)
XEM / USD
0.04
4.67%
(-0)
DASH / USD
62.99
3.74%
(-2.45)
USDT / USD
1.00
0%
(0)
BNB / USD
322.76
2.37%
(-7.84)
QTUM / USD
2.98
0.88%
(+0.03)
XVG / USD
0.00
2.68%
(-0)
ONT / USD
0.23
4.43%
(-0.01)
ZEC / USD
44.28
4.59%
(-2.13)
STEEM / USD
0.22
4.08%
(-0.01)

Laetitude and Swapoo – Scam Review Part 2

0

Latitude and Swapoo are remaining tight-lipped about issues affecting investor wallets and active investments.

According to an August 13th “Latitude News” update; You may have gotten one or two emails from Swapoo in the last few days that affect our Latitude members.

Because Swapoo and Latitude continue to work closely together, we can guarantee that these changes will not affect your Latitude accounts. Latitude will continue to operate as usual.

Swapoo’s changes will affect both the wallet and the bots. But we know that when there are problems and doors close, other ones open, allowing us to accomplish better than before.

Swap is merely reacting to a constantly changing regulatory environment and market situations.

The contents of the emails are not released. I haven’t come across any in the wild.

In terms of “ever-changing regulatory environments,” Laetitude is a Ponzi scam operated by Swap.

David El Dib operates Latitude from Dubai, the world’s MLM fraud capital. Dave Martin from the Philippines runs Swap.

El Dib and Martin both established themselves in the BitClub Network.

The DOJ investigation revealed BitClub Network was a 722 million dollar Ponzi scam. In 2019, the founders of BitClub Network were arrested.

El Dib and Martin conduct securities fraud and run their Ponzi scheme through Latitude and Swap.

Securities regulation isn’t anything new. For decades, any country with a financial market has regulated securities fraud.

The Ponzi scam provided a remedy to losing Swapoo wallets in a follow-up “Latitude News” update on August 26th.

As you are aware, Latitude no longer uses Swapoo for secure wallet services, and as a result, we have just launched functionality that allows you to fund, purchase, and withdraw directly within Latitude.

With this in mind, we recommend you log in and withdraw your balance as soon as possible, and continue to withdraw your balance from your compensation earnings as they rise.

Latitude lacks the two-factor authentication protection that Swapoo has, therefore you must keep your account safe with an extremely strong password.

Again, nothing is said about what is going on behind the scenes.

The only crumbs I could discover were two weeks ago on Swapoo’s newest Instagram post:

Swap hasn’t posted anything new on social media since July 30th. This was also the day of Latitude’s last Facebook page post.

Both Latitude and Swapoo have no traffic, implying that the Ponzi scheme runs out of cash to satisfy investor withdrawals.

The Philippine Securities and Exchange Commission (SEC) is one of the most active securities regulators in the world. It’s unclear whether they have anything to do with Swapoo’s troubles.

Whatever is going on, closing wallets and quickly registering them as unsecured in-house assets are unusual.

Stay tuned for future developments…

Leave A Reply

Your email address will not be published.