Published: 2018-11-02 04:45:18
The Reddit user slinterfence, seems to have unveiled a new ICO scam and a criminal network. In a Reddit post uploaded almost a day ago, he explains that he tried to understand why an ICO investment went wrong, but he discovered many other things behind that.
As per the user, ACChain and Puyin Coin were Initial Coin Offering (ICO) scams from China. They were able to take between $60 to $100 million dollars from investors that place their funds in these projects. Already, six individuals involved in this issue were already arrested in Shenzhen China at the beginning of the year.
However, those members that were not captured by the police decided to keep with the ACChain part of the scam. It seemed that they were also trying to start a third new scam.
Slinterfence explains that Genevieve Leveille and Serena Yin were those in charge of the ACChain project. Leveille has appeared in different social networks claiming that they’ve raised $23 million into a new venture called Biolifechain.io. Additionally, Leveille was able to set up three companies in the United Kingdom and one in Jersey. Additionally, other companies were registered in Switzerland, Hong Kong and other countries. All of these were set up at the same time, according to Chinese police.
However, the Reddit user explains that as he was reading and learning more about this project, new details were found.
On the matter, he wrote:
“On top of obvious fraud and securities violations, it seems to involve money laundering and tax evasion. I think it needs to be looked at urgently while they are still pushing that latest scam. No expectation of investors fetting anything back but just people getting ripped off would be cool.”
Slinterface says that Leveille and the group of supporters decided o start nine other ICO scams and continue earning funds from users. He found that Leveille and Yin work or study in the United Kingdom. Additionally, Yin seems to be a Chinese national and one of the biggest scams related to Chinese individuals. There is also a potential money trail that leads to Jersey (UK) since Leveille uses a number from there and different addresses from that place.
At the same time, Leveille claims a US passport, but there are no links between her and the United States. For the author of the Reddit post that might be probably a fake document. There are some lawsuits against Genevieve Leveille in Singapore, among other issues in the island.
About ACChain, the redditor informs that several ACChain and Biolifechain companies are located in Hong Kong. In addition to it, one of the ICOs seems to be located in Nigeria.
For the Reddit user, this might be just the tip of the iceberg, but he is sure that there are many things that we do not know and that have a deep influence on this situation.
The user that was scammed says that the situation did not look like a cryptocurrency scam because the company did not just disappear with the money. However, he mentioned that there were some things that seemed wrong. In July, Slinterface was invited to be part of a private group of investors that provided evidence about some blocking issues and strange situations. Something was already not good.
He then mentions that in GIT no development was going on. The team listed was also not in the radar for a long period of time. During six months they were writing that there would be a new release soon and that developers were working hard. But the Git site was not active at all.
The Reddit user explained that he dropped some funds to get a Hong Kong PI and find out what was really happening with this ICO. Fortunately, he was able to get some photos of the empty offices and other details. Moreover, the PI warned that they were threatened by the mafia. After gathering some information, he was able to get something very interesting.
As soon as the Reddit user published the pictures of the empty offices, the team started to say that these were all fake news. In one of the pictures taken, the PI was able to identify a former employee that he was able to interview in person. The company was already uploading older pictures because this person left the company in 2017.
As the author of the Reddit post mentions, Leveille doubled down again. ACChain posted a strange explanation everything about the office and employees, but they were not able to back their words with real-world evidence.
However, Leveille is involved in nine other Initial Coin Offering scams in the market. And several investors are placing their funds into these platforms, something that could result in bigger losses. The PI was also able to find some information about Serena Yin, but most of the things she wrote are almost not real. Most of the times, Leveille seems to be Advisor, COO and CEO of the different ICOs that she is related with.
According to the report, Leveille can be a US Citizen that has Nigerian origin. Leveille claims to have founded the UK-based company 0tentic8 Ltd. Although Leveille has dissolved the 0thentic8 platform she explains that she is the CEO of the company or CEO of AgrilLedger.
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