The collapse of Alex Reinhardt’s PLC Ultima Ponzi prompted him to introduce PLCUX.
The third Ponzi revival by Reinhardt is PLCUX.
The central part of Reinhardt’s PLCUX funding plan is the “Ultima Farm” app obtain.
-Make a farm pockets and deposit cash into it;
-Be a part of a sensible contract.
-Equal quantities of cash shall be minted in your farm every month!
Non-public registration of the PLCUX web site area (“plcux.com”) happened on June 20, 2022.
On PLCUX’s web site, there isn’t a point out of possession or government data. Alex Reinhardt truly goes as far as to disclaim main the Ponzi rip-off.
A trademark owned by PLATINEX Restricted Legal responsibility Firm is PLCUX. Its use on no account suggests a relationship with or sponsorship by it.
Reinhardt makes use of the Georgia-based shell enterprise Platinex to hold out lots of his many cryptocurrency Ponzi schemes.
PLCUX identifies itself as follows on its web site:
A steady revenue answer constructed on sensible contract know-how for you that ensures common and constant minting each month!
Funds invested within the PLCUX app are dedicated for 12 months.
This time, Reinhardt is stopping traders from seeing the deception in plain sight. A token referred to as PLCUX is linked to a sensible contract.
On PLCUX’s web site, no specifics are given. Although it might carefully resemble the PLCU chart above if you happen to may view the investments within the PLCUX smart-contract.
Silly traders register and make investments, however Reinhardt and associates later steal their cash.
On its web site, PLCUX makes no point out of an MLM ingredient. If there may be one, it is not being marketed within the open.
I need to point out PLCU Professional tokens one final time, which I noticed within the PLCUX whitepaper.
The PLCU and PLCUX currencies, in addition to the PLCU PRO tokens, are at present a part of the PLC Ultima ecosystem.
I went on-line to analysis PLCU Professional tokens as a result of I had by no means heard of them. It seems that Reinhardt’s April 2022 launch of PLCU Professional was a BEP-20 shittoken.
No matter function the PLCU Professional tokens served, the scheme has already failed.
Reinhardt began his MLM cryptocurrency Ponzi scheme as a SwissCoin investor.
When it failed, he began his personal Ponzi scheme enterprise, beginning in 2017 with PlatinCoin.
In late January 2019, PlatinCoin ceased to exist. In the course of 2021, Reinhardt was lastly rebooted as PlatinWorld.
PlatinCoin Ultima was chosen over PlatinWorld’s platincoin (PLCU).
PLCU’s public market worth is fictitious. On April fifth, 2022, PLCU reached a ridiculous excessive of $113,579 because of a wash buying and selling bot.
Reinhardt and the early traders began withdrawing their cash instantly after, which prompted PLCU to crash to its present, nonetheless inflated worth of $2266.
In 2021, Reinhardt, who’s regarded as a citizen of Germany, emigrated to Dubai. Pape, a fellow citizen of Germany and the highest SwissCoin, PlatinCoin, and PlatinWorld net-winner, is current with him.
The world’s MLM crime capital is Dubai. As a result of absence of extradition agreements and lax regulation of securities fraud, Dubai serves as a sanctuary for fraudsters from all around the world.
Dubai’s guidelines are as follows:
You’re being conned if a Dubai resident approaches you about an MLM alternative.
An MLM enterprise is fraudulent if it claims to be based mostly in Dubai or to have connections there.