Usfia inc gemcoin

According to the reports, the USFIA had claimed that the Gemcoin, which did not exist actually, was backed by gems that were mined by the company, for the trading purpose.

Lihat profil gemcoin usfia di LinkedIn, komuniti profesional yang terbesar di dunia. gemcoin menyenaraikan 2 pekerjaan disenaraikan pada profil mereka. Lihat profil lengkap di LinkedIn dan terokai kenalan dan pekerjaan gemcoin di syarikat yang serupa. UPDATE (1st October 21:25 BST): This piece has been updated with additional information about the SEC’s complaint.

02.01.2021

How did Chen lure investors to his GemCoin crypto scheme? Chen deceived 72,000 investors by falsely promoting USFIA as a successful multi-level marketing company. Gemcoin was alleged to be tied to amber mine holdings owned by USFIA, effectively acting as a value-add to precious stones customers believed they would receive. Yet, the SEC went on to argue in Around March 2014, USFIA entered into a new line of business, claiming to have invented and issued a new virtual currency called GemCoin.

Affiliate membership with USFIA is tied investment in GemCoins, pegging USFIA affiliate membership costs between $1000 and $30,000. The primary difference between the available investment packages is income potential through the USFIA compensation plan (see above).

GemCoin is a digital currency distributed and managed by a company named USFIA, Inc. USFIA stands for United States Fine Investment Arts. USFIA was reportedly founded by the “US China Consultation Association.” The company specializes in gem mining and processing and is currently headquartered in Los Angeles, California. The auction for the personal and business property of USFIA, Inc., and its many affiliates, is scheduled to begin on April 18, 2018.

The GemCoin crypto scheme mastermind is also known as “Li Chen” and “Boss.” He was the owner and CEO of U.S. Fine Investment Arts Inc. (UFSIA) and six other companies. How did Chen lure investors to his GemCoin crypto scheme? Chen deceived 72,000 investors by falsely promoting USFIA as a successful multi-level marketing company.

Search 28 Dec 2015 Singapore News - An investment company - USFIA Singapore - was is no indication of any legitimate Gemcoin or other viable business. USFIA allegedly posed itself as a company that owns amber mines in the Dominican Republic. To further prove its claims, the company also distributed ambers GEMCOIN LA MONNAIE NUMERIQUE DU FUTUR (French Edition) - Kindle edition by MALERGUE, ABEL. Download it once and read it on your Kindle device, 10 Jul 2015 USFIA Update: What was USFIA doing before Gemcoin? since published disclaimer that they never endorsed the company name being used 24 Dec 2014 USFIA INC. is founded and owned by the US China Consultation Association, specialized in gem mining and processing, headquartered in Los ble selskapet USFIA Inc. (US Fine Investment Arts) etablert i California av Steve Chen.

Apr 06, 2015 · Welcome to USFIA and the introduction of the GemCoin. This is a new digital virtual currency that was released September 2014 at on 5 cents and it's about to reach 19 cents today. USFIA executives described Gemcoin as a rewards system comparable to frequent flier miles.

These virtual coins were supposedly backed by gems mined by the company and could be traded on the USFIA … According to the U.S Department of Justice, Steve Chen defrauded tens of thousands of investors of over $147 million in the two years that Gemcoin was in operation. He faces ten years in prison and three years of supervised release for his crimes. Chen, who also went by Li Chen and Boss, was the founder of the U.S Fine Investment Arts Inc. (USFIA). Oct 02, 2015 As part of his plea agreement, Chen admitted to running and promoting U.S. Fine Investment Arts (USFIA), an Arcadia, Calif., company that peddled investors its “Gemcoin” digital currency Jan 13, 2021 Around March 2014, USFIA entered into a new line of business, claiming to have invented and issued a new virtual currency called GemCoin. USFIA claims that GemCoin was a virtual currency "built on Usfia Inc - GemCoin.

Yet, the SEC went on to argue in Steve Chen was the owner and CEO of US Fine Investment Arts, Inc. (USFIA), GemCoin, and six other companies that used the same address. Between 2013 and 2015, Chen fraudulently promoted investments in USFIA through one of his projects, GemCoin. Affiliate membership with USFIA is tied investment in GemCoins, pegging USFIA affiliate membership costs between $1000 and $30,000. The primary difference between the available investment packages is income potential through the USFIA compensation plan (see above). Between July 2013 and September 2015, Chen ran a multi level marketing scheme to promote U.S. Fine Investment Arts, Inc. (USFIA) which rewarded investors first with points, and then with Gemcoins. These virtual coins were supposedly backed by gems mined by the company and could be traded on the USFIA platform. An $100m class action lawsuit has been filed on behalf of victims of an alleged Ponzi scheme involving the fake cryptocurrency ‘Gemcoin’ days after a US Securities and Exchange Commission (SEC) According to the U.S Department of Justice, Steve Chen defrauded tens of thousands of investors of over $147 million in the two years that Gemcoin was in operation.

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No. 345]. Lihat profil gemcoin usfia di LinkedIn, komuniti profesional yang terbesar di dunia. gemcoin menyenaraikan 2 pekerjaan disenaraikan pada profil mereka.

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Oct 01, 2015

These virtual coins were supposedly backed by gems mined by the company and could be traded on the USFIA platform.