SCAM ALERT !! : COINREUM WARNING - Don't fall for it! [see addendum@ bottom]
COINREUM is peppering the internet with spam mail, emails, and "affiliates" coming out of the woodwork! Everybody's so excited about these high rates of return. BUT, do they REALLY RETURN?
COINREUM is fitting an all too familiar pattern of three previous scam websites engaged in defrauding people using a "timed delayed payout" system. In two of the three previous sites, I contacted Namecheap with a complaint that these sites were frauds and stealing money, and to Namecheap's credit, they promptly shut them down. But, unfortunately, for many people, the damage was already done. This time, I am taking a more timely approach and calling out Coinreum immediately! They fit the scam pattern too closely to be legitimate, but YOU judge for yourself.
The way these scams work is to promise high yield returns BUT those "profits" can not be accessed or withdrawn for 50 or 60 days. I have personally found three other websites (one being "TheHighStreetInvestors', another "Crypto?something?,) And, they ALL follow the SAME pattern, steal millions in cryptocurrencies and then vanish about 90 days later. They NEED that 50-60 day window to GRAB as much money as possible BEFORE anybody can figure out it is all a scam. They sucker A LOT of people via an "affiliate program" that excites innocent people into becoming affiliate con-artists and willing accomplices. Don't fall for it, unless you really just want to throw your money away. Just use some common sense and ask yourself these simple questions, WHAT is their business model, HOW do they do this, and can YOU name just ONE of their principals??
[Note: An important part of these scams is to actually PAY a few participants to give the illusion of legitimacy, and that's the PONZI part of the scheme to gin up excitement. That's the place where this whole scheme catches fire going viral across the internet, and it works EVERYTIME! But, that's where the big money starts really rolling in for these criminals. And this is the phase Coinreum is in right now. With people being paid, it's hard to convince them or anybody else how this will look in 6 months. It's very early in the scam script, but based on the facts, Coinreum will disappear like the three before it. And to be blunt, based on their website design, WHOIS info, service provider, and style; I am convinced the scammers that built Coinreum are the same as those that built the previous three. They've made many millions by doing this, and they're not going to stop, because for them it works. People have very short memories and are easily blinded by greed. Indeed, these are some exceptionally smart scammers.]
AT FIRST SIGHT, WHAT ALL FOUR OF THESE SCAM WEBSITES HAVE IN COMMON IS A CLEVER ENTICEMENT AT THE BOTTOM OF THEIR HOME PAGE DISPLAYING THE NUMBER OF INVESTORS, THE AMOUNT INVESTED, TOTAL EARNED, AND HOW LONG THEY BEEN "OPERATING". In fact, let me show you something that all these scam sites do that few people pay attention to!!!!
At the bottom, they show participants, invested amounts, and paid out earnings. So, I just copied down about 10 minutes of this "program"(October 27, 2017 @ 11AM PST) to SHOW you exactly how it is done. Now read carefully.
Participants: Invested: Earned:
34434 9414575.78 2267043.73
33435 9416471,24 2268407.73
34436 9406940.91 2265787.74
34437 9406940.91 2265759.22
34438 9407419.45 2265909.08
34439 9399068.72 2263483.52
NOTICE ANYTHING STRANGE THERE? As participants increase, invested amounts and earnings decrease! Under their claims, HOW IS THAT POSSIBLE? In actuality, it appears that these numbers are randomly generated and change about every 45 seconds to a minute. It's very clever IF you're NOT paying attention, and they're betting most of you are NOT!
If you look carefully at Coinreum's website, there are NO real contact email addresses, physical addresses, or names of ANY principals or corporate structure or licensing authorities. Even their "ABOUT" page saying ABSOLUTELY NOTHING "ABOUT" who or what or how COINREUM operates or exists. However, I will admit that COINREUM is a lot slicker than the previous three scam websites I have uncovered. Indeed, they COULD be the same scammers with a more improved "skin"!
Below is their WHOIS report. But, to summarize, they are owned by a corporation that can not be found at an address in Belize. Their NIC contact uses a Russian mail server, with an address in Ecuador and an Austrian telephone phone number. Unfortunately, Namecheap was the domain server for 2 of 3 last scam websites I found. So, the criminals running these scams have revealed themselves by their old habits. Their registration changes in August and this October were clearly done to hide any traces of who or where they actually are.
COINREUM is fitting an all too familiar pattern of three previous scam websites engaged in defrauding people using a "timed delayed payout" system. In two of the three previous sites, I contacted Namecheap with a complaint that these sites were frauds and stealing money, and to Namecheap's credit, they promptly shut them down. But, unfortunately, for many people, the damage was already done. This time, I am taking a more timely approach and calling out Coinreum immediately! They fit the scam pattern too closely to be legitimate, but YOU judge for yourself.
The way these scams work is to promise high yield returns BUT those "profits" can not be accessed or withdrawn for 50 or 60 days. I have personally found three other websites (one being "TheHighStreetInvestors', another "Crypto?something?,) And, they ALL follow the SAME pattern, steal millions in cryptocurrencies and then vanish about 90 days later. They NEED that 50-60 day window to GRAB as much money as possible BEFORE anybody can figure out it is all a scam. They sucker A LOT of people via an "affiliate program" that excites innocent people into becoming affiliate con-artists and willing accomplices. Don't fall for it, unless you really just want to throw your money away. Just use some common sense and ask yourself these simple questions, WHAT is their business model, HOW do they do this, and can YOU name just ONE of their principals??
[Note: An important part of these scams is to actually PAY a few participants to give the illusion of legitimacy, and that's the PONZI part of the scheme to gin up excitement. That's the place where this whole scheme catches fire going viral across the internet, and it works EVERYTIME! But, that's where the big money starts really rolling in for these criminals. And this is the phase Coinreum is in right now. With people being paid, it's hard to convince them or anybody else how this will look in 6 months. It's very early in the scam script, but based on the facts, Coinreum will disappear like the three before it. And to be blunt, based on their website design, WHOIS info, service provider, and style; I am convinced the scammers that built Coinreum are the same as those that built the previous three. They've made many millions by doing this, and they're not going to stop, because for them it works. People have very short memories and are easily blinded by greed. Indeed, these are some exceptionally smart scammers.]
AT FIRST SIGHT, WHAT ALL FOUR OF THESE SCAM WEBSITES HAVE IN COMMON IS A CLEVER ENTICEMENT AT THE BOTTOM OF THEIR HOME PAGE DISPLAYING THE NUMBER OF INVESTORS, THE AMOUNT INVESTED, TOTAL EARNED, AND HOW LONG THEY BEEN "OPERATING". In fact, let me show you something that all these scam sites do that few people pay attention to!!!!
At the bottom, they show participants, invested amounts, and paid out earnings. So, I just copied down about 10 minutes of this "program"(October 27, 2017 @ 11AM PST) to SHOW you exactly how it is done. Now read carefully.
Participants: Invested: Earned:
34434 9414575.78 2267043.73
33435 9416471,24 2268407.73
34436 9406940.91 2265787.74
34437 9406940.91 2265759.22
34438 9407419.45 2265909.08
34439 9399068.72 2263483.52
NOTICE ANYTHING STRANGE THERE? As participants increase, invested amounts and earnings decrease! Under their claims, HOW IS THAT POSSIBLE? In actuality, it appears that these numbers are randomly generated and change about every 45 seconds to a minute. It's very clever IF you're NOT paying attention, and they're betting most of you are NOT!
If you look carefully at Coinreum's website, there are NO real contact email addresses, physical addresses, or names of ANY principals or corporate structure or licensing authorities. Even their "ABOUT" page saying ABSOLUTELY NOTHING "ABOUT" who or what or how COINREUM operates or exists. However, I will admit that COINREUM is a lot slicker than the previous three scam websites I have uncovered. Indeed, they COULD be the same scammers with a more improved "skin"!
Below is their WHOIS report. But, to summarize, they are owned by a corporation that can not be found at an address in Belize. Their NIC contact uses a Russian mail server, with an address in Ecuador and an Austrian telephone phone number. Unfortunately, Namecheap was the domain server for 2 of 3 last scam websites I found. So, the criminals running these scams have revealed themselves by their old habits. Their registration changes in August and this October were clearly done to hide any traces of who or where they actually are.
Domain Name: COINREUM.COM Registry Domain ID: 2150352610_DOMAIN_COM-VRSN Registrar WHOIS Server: whois.namecheap.com Registrar URL: http://www.namecheap.com Updated Date: 2017-08-05T11:45:19Z Creation Date: 2017-08-05T11:45:17Z Registry Expiry Date: 2018-08-05T11:45:17Z Registrar: NameCheap Inc. Registrar IANA ID: 1068 Registrar Abuse Contact Email: Registrar Abuse Contact Phone: Domain Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited Name Server: DNS1.REGISTRAR-SERVERS.COM Name Server: DNS2.REGISTRAR-SERVERS.COM DNSSEC: unsigned URL of the ICANN Whois Inaccuracy Complaint Form: https://www.icann.org/wicf/ >>> Last update of whois database: 2017-10-27T02:06:25Z <<< For more information on Whois status codes, please visit https://icann.org/epp NOTICE: The expiration date displayed in this record is the date the registrar's sponsorship of the domain name registration in the registry is currently set to expire. This date does not necessarily reflect the expiration date of the domain name registrant's agreement with the sponsoring registrar. Users may consult the sponsoring registrar's Whois database to view the registrar's reported date of expiration for this registration. TERMS OF USE: You are not authorized to access or query our Whois database through the use of electronic processes that are high-volume and automated except as reasonably necessary to register domain names or modify existing registrations; the Data in VeriSign Global Registry Services' ("VeriSign") Whois database is provided by VeriSign for information purposes only, and to assist persons in obtaining information about or related to a domain name registration record. VeriSign does not guarantee its accuracy. By submitting a Whois query, you agree to abide by the following terms of use: You agree that you may use this Data only for lawful purposes and that under no circumstances will you use this Data to: (1) allow, enable, or otherwise support the transmission of mass unsolicited, commercial advertising or solicitations via e-mail, telephone, or facsimile; or (2) enable high volume, automated, electronic processes that apply to VeriSign (or its computer systems). The compilation, repackaging, dissemination or other use of this Data is expressly prohibited without the prior written consent of VeriSign. You agree not to use electronic processes that are automated and high-volume to access or query the Whois database except as reasonably necessary to register domain names or modify existing registrations. VeriSign reserves the right to restrict your access to the Whois database in its sole discretion to ensure operational stability. VeriSign may restrict or terminate your access to the Whois database for failure to abide by these terms of use. VeriSign reserves the right to modify these terms at any time. The Registry database contains ONLY .COM, .NET, .EDU domains and Registrars.
IP Whois
% Joint Whois - whois.lacnic.net % This server accepts single ASN, IPv4 or IPv6 queries % LACNIC resource: whois.lacnic.net % Copyright LACNIC lacnic.net % The data below is provided for information purposes % and to assist persons in obtaining information about or % related to AS and IP numbers registrations % By submitting a whois query, you agree to use this data % only for lawful purposes. % 2017-10-27 00:06:44 (BRST -02:00) inetnum: 190.115.16/20 status: allocated aut-num: AS262254 abuse-c: HUN8 owner: DANCOM LTD ownerid: BZ-DALT-LACNIC responsible: Evgeniy Marchenko address: 1/2Miles Northern Highway, --, -- address: -- - Belize - BZ country: BZ phone: +7 928 2797045 [] owner-c: HUN8 tech-c: HUN8 abuse-c: HUN8 inetrev: 190.115.24/22 nserver: NS1.DDOS-GUARD.NET nsstat: 20171026 AA nslastaa: 20171026 nserver: NS2.DDOS-GUARD.NET nsstat: 20171026 AA nslastaa: 20171026 nserver: NS3.DDOS-GUARD.NET nsstat: 20171026 AA nslastaa: 20171026 nserver: NS4.DDOS-GUARD.NET nsstat: 20171026 AA nslastaa: 20171026 nserver: NS5.DDOS-GUARD.NET nsstat: 20171026 AA nslastaa: 20171026 created: 20130627 changed: 20170825 nic-hdl: HUN8 person: Huan Nadas e-mail: xengine@MAIL.RU address: Avenue Jorge Perez Concha, 712, address: 090511 - Guayaquil - country: EC phone: +43 715 558519 [] created: 20150320 changed: 20171018 % whois.lacnic.net accepts only direct match queries. % Types of queries are: POCs, ownerid, CIDR blocks, IP % and AS numbers.
ADDENDUM: October 28, 2017 , 11:30AM--
Exactly 26 hours ago, I emailed support@coinreum.com and advised them that I was doing an authentication of their website and requested information about their ownership and principal officers. I also advised I would be posting the response on this blog. Note, they claim that their support is available 24/7. However, there has been no response of any kind from my email (using THEIR organic email system). This is the same mode of operation that CryptoSolutions and HighStreetInvestments displayed. Because of the same website setup, earning projections, affiliate enticement and bogus support claims, it appears that the same criminals that ran Cyrptosolutions and HighStreetInvestments are running Coinreum. All three of these sites have used a nearly identical format. It is the oldest trick in the book, if it ain't broke, don't fix it it. The shear audacity of this fraud is staggering!
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