Many believe that the rise in PlatinCoin’s price was artificially stimulated by Alex Reinhardt himself, who sold his coins as a company to amass personal wealth. Evidently aware Ponzi scam reboot coins tend to fare worse than their predecessors, PLC Ultimate currently has a hilarious public trading value of almost $60,000. We earn commissions from some affiliate partners at no extra cost to users (partners are listed on our ‘About Us’ page in the ‘Partners’ section). Despite these affiliations, our content remains unbiased and independent. We generate revenue through banner advertising and affiliate partnerships, which do not influence our impartial reviews or content integrity. plc ultima forum Our editorial and marketing teams operate independently, ensuring the accuracy and objectivity of our financial insights.
MLM News
This effectively marks the collapse of Reinhardt’s MLM crypto Ponzi scamming, until he began promoting Ultima a few months ago. Serial Ponzi scammer Alex Reinhardt is trying to reboot his collapsed Ultima Ponzi scheme. Ultima serves as a multifaceted digital asset within its ecosystem, offering a wide array of applications in broader financial transactions. Central banks and regulatory authorities have limited their response to issuing warnings that Alex Reinhardt and all his projects are fraudulent schemes and pyramid schemes.
Check out the image above to compare the common trade sizes and respective currency units.Our Position Size Calculator is powered by CBFX trading tools. PlatinWorld bagholders, gullible enough to invest in Reinhardt’s schemes again, should expect to lose even more money. As PLCU began to immediately collapse, PLCUC was launched to keep the scam going. The PLCU iteration of Reinhardt’s Ponzi scheme collapsed in late 2022. This not only streamlines processes but also minimizes the risk of fraud and disputes. Alex Reinhardt intentionally inflated the price of PlatinCoin by selling his coins as a business for personal enrichment.
- Several retail forex brokers also offer FX trading with fractional lot sizes; from 0.99 down to 0.10 (mini lots).
- Unfortunately, seeking justice in such cases can be complex and challenging.
- Alex Reinhardt, without regard for the consequences of his actions, continues to prey on new victims by creating additional tokens such as Platincoin X and Platincoin Classic.
- Many believe that the rise in PlatinCoin’s price was artificially stimulated by Alex Reinhardt himself, who sold his coins as a company to amass personal wealth.
- Since the launch of PlatinCoin Ultima and subsequent PlatinCoin tokens, hundreds of thousands of investors have lost approximately €1 billion.
PLC Ultima Classic Price USD (Plcuc Price USD)
PlatinWorld saw Reinhardt launch a new Ponzi coin to scam people with, PLC Ultima. The topics covered by the forum included preferences for small businesses, legal support, insurance and other issues, UzA informs. Believed to originally be from Germany, Reinhardt fled to Dubai in 2021. It is from Dubai, the MLM crime capital of the world, that Reinhardt runs his various MLM crypto Ponzi schemes.
Due to limited extradition agreements and non-regulation of MLM related securities fraud, the emirate provides a safe-haven to scammers. By early to mid 2021 recruitment of PlatinCoin victims had slowed such that Reinhardt decided to reboot his scam. PlatinCoin was a Ponzi scheme launched in 2017 by Ponzi promoter turned founder, Alex Reinhardt. The participants also discussed measures to improve the efficiency of projects aimed at supporting small businesses. PlatinWorld saw platincoin abandoned in favor of PlatinCoin Ultima (PLCU).
As opposed to its manipulated exchange value that runs into the thousands, Ultima is being flogged to PlatinWorld bagholders for just 10 cents each. Unfortunately, seeking justice in such cases can be complex and challenging. Victims often encounter legal systems across multiple jurisdictions, as these scams operate on an international level. Moreover, Alex Reinhardt’s evasive nature, now solely operating through a Telegram channel, adds another layer of difficulty in holding him accountable.
Alex Reinhardt has not provided any solutions or compensation to the victims who lost their money. He attributes his mistakes to his youth in the cryptocurrency industry, claiming that he has matured and realized his true potential. Those who invested in the first PlatinCoin in 2017 have their coins locked in PlatinCoin control panels and still cannot access them. Even if they could, there is no market for PlatinCoin, and the company’s actions could have caused its blockchain to collapse. Ultima’s security framework is multifaceted, incorporating both innovative technology and a robust infrastructure to ensure the safety and integrity of its ecosystem.
Criminal cases have been initiated against Alex Reinhardt; however, he has evaded accountability and continues to lure naive investors, far from the prison bars. Over a million people have become victims of Alex Reinhardt, whose fraudulent operations are staggering in scale. How these victims can seek compensation for their losses is now a pressing question. Alex Reinhardt’s PlatinCoin is defunct, much like all his other coins, except for real dollars and euros. Where this „token“ was traded is unknown – it is not listed on any exchange. For the time being gullible PlatinWorld investors are likely being recruited on PLCU’s manipulated public trading value.
In an attempt to popularize currencies trading, and attract new business, other retail brokers also offer smaller trade sizes, 0.01 (mini lots) and even 0.001 (nano lots). It is the number of currency units to be sold or bought in a trade. In forex trading 1 standard lot equals to 100,000 units of the base currency. For example, when an investor enters a long 1 lot EUR/USD trade, he/she is buying 100,000 units of the Euro (base currency) versus the USD (counter currency). To further bolster its security, Ultima employs secure wallets that are designed to safely store cryptocurrencies. These wallets are equipped with two-factor authentication (2FA), adding an additional layer of security by requiring two forms of identification before access is granted.
He used deceptive tactics such as creating fake coin burns and enticing minting and mining programs to keep the community engaged. According to the latest information, PlatinCoin Ultima also experienced a steep decline in value, plummeting from $100,000 to just $120 per coin in just a few months. Beyond wanting to reboot his Ponzi coin, Reinhardt’s marketing story behind PlatinWorld is pretty lazy.
- This platform allows for the funding of projects and ideas within the cryptocurrency community, facilitating growth and innovation.
- For example, when an investor enters a long 1 lot EUR/USD trade, he/she is buying 100,000 units of the Euro (base currency) versus the USD (counter currency).
- After a few months of setting up PlatinCoin’s reboot, PlatinWorld was officially announced in Dubai in November 2021.
- Although it was launched in late 2021, PlatinWorld recruitment only picked up around January 2022.
- Beyond wanting to reboot his Ponzi coin, Reinhardt’s marketing story behind PlatinWorld is pretty lazy.
- It is the number of currency units to be sold or bought in a trade.
This ecosystem is designed to offer a variety of innovative products aimed at enhancing the user experience within the cryptocurrency space. Among these products are advanced crypto wallets, which provide secure storage and easy management of digital assets. Additionally, Ultima offers a distinctive crypto debit card, enabling users to make transactions and payments with cryptocurrencies more conveniently in the real world. Another key component of the Ultima ecosystem is its crowdfunding platform.
Ultima Markets
The vision for Ultima includes plans for integration with traditional economies, aiming to bridge the gap between cryptocurrency and conventional financial systems. This strategic direction underscores Ultima’s mission to revolutionize how individuals interact with cryptocurrencies, offering seamless, instant cross-border payments and transactions. On a broader scale, Ultima has been making significant strides in the cryptocurrency world. The ecosystem around the ULTIMA token encompasses a variety of innovative products, including advanced crypto wallets, a distinctive crypto debit card, a crowdfunding platform, and its own marketplace. Ultima represents a comprehensive cryptocurrency ecosystem built around the ULTIMA token.
Ultima community
Ultima’s global infrastructure is another cornerstone of its security. The platform has a dedicated team of experienced engineers who continuously work to maintain and enhance the security of the ecosystem. This includes regular updates and security audits to identify and address potential vulnerabilities. Unfazed by the consequences of his actions, Alex Reinhardt has turned to creating new tokens, such as Platincoin X and Platincoin Classic, to ensnare new victims. It is estimated that there are over a million victims, and the total amount fraudulently obtained from people worldwide is expected to exceed €1.5 billion. Several retail forex brokers also offer FX trading with fractional lot sizes; from 0.99 down to 0.10 (mini lots).
As per Alexa web traffic estimates again, PlatinWorld is being pushed in Germany (24%), Russia (17%) and Mongolia (14%). Should anyone withdraw even a modest amount of held PLCU, or the wash trading bot is turned off, the subsequent dump will be pretty epic. After a few months of setting up PlatinCoin’s reboot, PlatinWorld was officially announced in Dubai in November 2021.
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