The Polinur Ponzi scheme failed when withdrawals had been disabled on August 19.
Polnur is informing associates that the corporate “was detained in China” relatively than merely admitting that they’re stealing funding cash.
When it started a number of months in the past, Polinur promised day by day earnings of as much as 2.4%. Their exit-scam protection is all of the funnier provided that the Ponzi scheme is assumed to have been operated by Russians.
On July 8, we wrote a overview of Polinur. In our analysis, we famous that Polinur was honoring Manny Delgado as “accomplice of the week.”
Florida-based Delgado promotes a lot of Ponzi schemes on his “The Actual Manny D” YouTube channel.
Delgado makes use of the web site “Crypto Surplus” to lure victims into the frauds he promotes. Delgado introduced in 87 traders to Polinur again in July, and so they all agreed to lose a complete of $33,113.
As of August, it was unknown what number of victims Delgado had introduced into Polinur. We do know that he contributed $10,145 and eliminated $42,686.
On August 21, Delgado contacted Polinur assist in an effort to study why he was not capable of steal cash.
In correspondence, he shared in a video titled “Polinur Is Performed-Arrested In China?” on August twenty second. Naturally, nobody was detained in China, and Polinur’s accounts weren’t restricted. Delgado asserts that on account of Polinur’s failure, he will not take part in any additional Ponzi schemes. He is planning to begin his personal enterprise instead.
Not as a result of he’s involved about his viewers’ monetary loss. As an alternative, Delgado asserts that his personal “product” will quickly be launched.
“I will not be signing up for any new platforms. I’ve a venture of my very own that’s forthcoming. My buying and selling platform will quickly be obtainable. Simply put it like that. And that can be out earlier than the month is over. It’s a platform the place you may make 2% per day. Precise commerce is going down. For months, we have been engaged on this. The corporate’s CEO is myself. We already function a respectable, operational enterprise within the state of Florida.”
The preferred Ponzi scheme ploy utilized by con artists is buying and selling, which is usually achieved utilizing AI or a bot. Delgado and Polinur are usually not SEC-registered people. Delgado can even maintain selling the Ponzi schemes The Future Commerce and NovaTech FX, neither of that are SEC-registered.
Delgado would intensify his prison habits by launching his personal funding fraud, regardless that endorsing Ponzi schemes is securities fraud.
SimilarWeb recognized the highest three traffic-generating international locations for Polinur’s web site as being Ukraine (8%), Vietnam (12%), and Russia (21%).
It’s nonetheless unknown how many individuals had been killed in Polinur and the way a lot cash the vast majority of traders misplaced