Category Archives: cointellect.com

More scam coming soon from cointellect

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Ok so who’s still a believer of cointellect? 50%? 10%? 1%? 0%? I don’t have a good idea, but my best guess is below 10% for the new investors and 1% for the people that had encountered these types of ponzi scheme before. Cointellect is the exact concept of coingeneration.com after it closed, it make up all kind of stories, such as new website for stocks and selling high end Bitcoin ATM machine. Now cointellect is doing the same thing, passed the ball to another business as they say, but does it even exist? probably not.

So quick question, will anyone ever going to get paid? flat out straight answer NO, if they pay, it would be to new investors to trap them again like the older investors. Chances are no one will invest.

So what happened to the old owners? and staffs? – do they even exist? probably not. There are a hacked identity out there being use to commit crimes online, and it’s not easy to trace. For sure the owner in this case did not use real information, rather hacked identity belong to someone else.

Good day mining enthusiasts,

After a bit of a rough patch CoIntellect CEO has decided to retire from the current project, along with the COO Helder Rodrigues and Customer Support Team Manager Dayang Milic.

CoIntellect will now be fully owned by its Chinese division, the same division in charge of the mining setup and sector of the company.

We thank all our users and ask you all to just hang on a bit longer as we finish developing our new miner in order to resume mining under the x11 algorythm.

Refunds

As of now, users who requested refunds will have their accounts suspended, therefore all balances will be held and not available for payout.

To avoid any suspensions, we advise our users to close any disputes made on credit card payments.

Further updates will follow once we
finalize the process of ownership and equity transfer.

Best Regards,
CoIntellect Staff

Published at Apr 28, 2015 2:51:29 AM

What’s the latest with cointellect.com SCAM?

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I hope that today nobody are falling for this scam from cointellect.com The affiliates websites that advertise and promotes cointellect to get commission are as worst as cointellect themselves. Today many affiliate websites that advertise and promote cointellect has been deleted, disappeared, and no one know who they are or can’t a thing about it, here today, gone tomorrow. You loose your money due to those affiliates websites promoting cointellect investments speaking good things about cointellect to get you in and they profit a big 10-20% commission and you get a painful death. They don’t care who are, all they care is about getting you in to get money off of you then disappear the next day, and not a damn thing you can do about it.

Cointellect.com as of today, many people reported that the office of cointellect is emptied, no one there, they left, deserted, and not much information about them can be retrieved, except maybe contact the parent company whom finance cointellect, but I’m sure they have better lawyers because they’re rich. The only thing that you could do probably is file a complaint or petition with the FTC or government, get a lot of people to involve and let the authority handle it.

I even came across to some forums even talks about hiring a lawyer, but to be honest with you, it’s a waste of time and money. Lawyer cannot win this case easily, and I’m sorry to say those that got scammed are the one that make the mistake, a lesson learn for many. Authority not going to step in if the loss is not in the millions of dollars $, or life death, or drugs smuggling are involve. Lawyer will be just for show, they don’t guaranteed success, and in this case, just for time and money.

This is another hard learning lesson for many, investing in unknown program so call HYIP high yield investment program which is an obvious ponzi scam, here today gone tomorrow. The sad thing about this is that people kept on falling for the same trick over and over again. As the program near it ending, a new one already started and people again will fall into it again and again. Some succeed, many failed.

Once again, many months ago from day one, I’ve already stated cointellect is just like coingeneration ipuservice coinbeez and so on, but does anyone believe? probably not too many people, but even if they know it’s a scam they still want to check it out, sadly a hard learned lesson for many that invested thousands.

So what’s the latest on Cointellect scam?

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I have not written much about cointellect lately, but I’ve been monitoring its activities from many others forums, blogs and off course social media such as facebook.

It is no surprise that many of the top earners referrals still going strong trying to get people into cointellect to buy contract so they can profit with a big referral bonus, while letting the people who got in suffer. These are the referrals people that joined cointellect from the beginning and earned much money from referring people into cointellect, they make money for each referrals earned and also a one time 10-20% if I recall back correctly. I could have mistaken the referrals % with coingeneration.com

Sadly many people already know this is a ponzi scheme scam, fraud your money, but they still doing it. Again, it’s those greedy people that want to refers more people into cointellect and let them suffer while the referrals pocket good amount of money and doesn’t care or need to do anything else, in fact some of the referrers calling the people whom purchased cointellect contract stupid as it the fault of the people buy them.

Now let get to the business side of cointellect.

  • Yes Bitcoin price had fallen, but it’s moving up a little bit. Cointellect uses this advantage to change its plan and stop paying old contract and allow people to request refund, but had anyone confirmed to get their Bitcoin refunded? For those that are lucky to have a good credit card company will fight to get the money back, may have their fund frozen, but it will takes months, and hope cointellect don’t fight back to win over your bank.
  • Swiss Card? – have anyone confirmed of receiving the Swiss Card? I don’t think so, and it’s been months since the announcement. If anyone filled out those forms for Swiss Card, probably got their identity stolen, and I hope that you don’t send a picture of you holding your ID and send it to them also.
  • Mining? – no more pool mining on ASiC, as I’ve mentioned on many of my previous blog that cointellect asic mining will end soon and indeed it did. Today mining with their software so call “Coinminer” is not a good idea, we don’t really know what it mining or what it do, but it does use up a good portion of CPU usage depend on your settings 0-100%, and NO I don’t think it uses the GPU much, FAKE. As for cointellect datacenter with a live webcam? As I’ve already mentioned, it’s fake, just a video looping making it realistic with door open and close and light flashing randomly.
  • Earning changes? – yeah it changed big time, and it’s NOT what indicated in the chart. You will earn a lot less if you purchase a contract. This is for new members, for old members you’re earning nothing, it’s funny sometime to see your balance in the hundreds and even thousands but you can only withdraw 10 cent. If cointellect are doing this to the old members, what makes you think they will not do it to the newer members? Their terms of service changes overnight without any notice, they reserve the right to do so, you can’t do anything to change that.
  • Employees at cointellect? – it’s funny that I got a couple email from them, but I don’t really know if it’s from them or some referrers people profit from cointellect … asking me to stop talking about cointellect is scam, stop posting link and pictures or else I will get arrested, they will report me with my blog to the police. So funny. I hope that person or persons success with cointellect scamming more people and their life will be successful scamming, don’t know how they can sleep at night, or know where their career is heading.
  • Lack of communication? – if there is communication at all from cointellect. Every communication news cointellect posted are just stories using words such as we “will”, “soon”, “big plan” coming … so on and so forth. No different than coingeneration.com communication. “soon” we will pay all members in full, “soon” as in soon we will live on mars more like it. I have not seen cointellect deliver what they promised. Please don’t tell me that cointellect was working great at the beginning and because of bitcoin price drop which led to cointellect being iffy today. If so, this is indeed a ponzi, it is how ponzi scheme work, great pay out at the beginning to get lots of people invest, then run away with their money.

Bottom line, for those of you who plan to invest with cointellect. I think it’s better that you buy bitcoin directly at whatever price it is at the moment and forget about it, less head ache, wasting less time. If bitcoin down, just giggle, if it goes up be happy and you can sell it if you want or just watch it go up and down. Don’t invest or buy a contract at cointellect, it will give you more grieves than enjoying your daily life. If you’re a risk taker then go gambling, don’t gamble with cointellect, you will loose and dies slowly miserably, while gambling at casino you can win and loose big within seconds – quick painless death 🙂

 

Cointellect no longer support ASIC Scrypt mining

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Beware folks, Cointellect still pretty much alive, with many suspicious activities in changing it rules overnight and has many game plan for old and new users. Bottom line, very sketchy, obviously it’s been a scam just like coingeneration.com Playing game and manipulating the members, cointellect is in control, not the members.

A few users now reported that even reporting cointellect to bank as fraud, but having many difficulties in getting their refund back, in fact so far no evidence that anyone was able to get their refund back or charge back from bank as of now, look like cointellect bank are fighting with the dispute submitted by the users. Cointellect using its Terms of Service (TOS) against dispute against them. Look like many members will not be able to get refund.

 

Dogecoin Payments Update

Published at Feb 18, 2015 5:01:55 PM
Good Day Miners,

We have some exciting news to share with you all regarding our recent progress with withdrawal requests. We will be enabling Dogecoin withdrawals for all users; however, there will be some imposed limits. While we have yet to determine the limits, all users can expect to be able to withdraw funds at some point today.

Our recent decision was made largely in response to the overwhelming feedback we have been receiving from our members. It should be noted that our mining performance is not yet high enough to fulfill the complete withdrawal of every user. Regardless, we feel this decision is a step in the right direction and hope it will help quell some of the community’s concerns regarding our solvency. Any imposed limits will be increased over the coming weeks.

Regarding any customer support tickets, we do ask our users to remain cognisant of the fact that our support team currently has a large backlog of inquiries. While we are doing our best to respond to all tickets in a timely manners, some tickets may not be answered as promptly as they should be.

Furthermore, we are temporarily disabling ASIC support while we address an issue with certain users abusing our platform. We expect to bring back ASIC support shortly.

As always, feel free to contact support if you have any additional questions or concerns

Sincerely,
CoIntellect Staff

Cointellect latest news and development

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I haven’t written much about Cointellect, and today I circled back to the chat room and various forums and blogs, including facebook social media to see what’s going on at cointellect.com

Turns out Cointellect is still running, and members that purchased contract during the month of January 2015 appears to get paid via Cryptopay. For those that purchased contract before January, you’re not getting paid at all, your funds held.

For those mining without buy contract, your earning will accumulate, you will not be able to withdraw, you can only use it to buy contract when you have enough money, a minimum of 99EUR. If you mine with a CPU or GPU most likely it will take you a very long time to get to 99EUR to buy the contract.

Basically only newer members that join and purchased contract will get paid. Old contract appears to be voided. A lot of people are loosing money, but appears that Cointellect willing to give refund on the different ROI, so let say you invest $100, but you only get paid $90, Cointellect said will give you $10 refund. Whatever money you have made doesn’t look like you will ever paid, you need to contact cointellect to get refund on the ROI, all old contracts voided. Only contract purchased begin of Jan still valid.

Swisscard? I haven’t seen any confirmation that people are getting the swisscard, except for that one picture indicate the person received the swiss card, but suspicious because receipt posted before Cointellect announcement swisscard, so something wrong there, could be another lie from cointellect.

The new contract appears to be have less earning than what the max said. So the 99EUR supposed to have max of 1.10EUR a day, but people are reporting a lot less, sometime half. Instead of 1.10EUR people are reporting 0.70 to 0.90 EUR the most they’re getting, not the 1.10EUR.

As I said before, transparencies are important, look like Cointellect have transparencies now, but I’m not sure if it’s enough to keep them from being called a ponzi scheme scam. The did lied in the past or at least they don’t really know what they’re doing.

[SCAM} Disturbing responses from Cointellect to its members

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I came across many cointellect members receiving this similar respond below. What I got out reading this respond are:

  1. If you dispute with your Bank or Credit card bank about Cointelelct charges. Cointellect will fight your dispute any way it can to keep your money. Cointellect will use its term of service (TOS) to take your money. This is the reason I say, most will win, some may not, depend on how you word your dispute. However at the end of the day with many dispute against Cointellect, most likely Cointellect related entities will be flagged with Banks and credit cards as fraud scam will be blocked from further transactions. You may not get your money back, but at least Cointellect being flagged as suspicious, blocked as merchant transactions.
  2. Notice that Cointellect said, according to their Terms of Service (TOS), they do not guaranteed of profit or the amount your will earn as shown on the table. Therefore Cointellect will use that against you if you file dispute, contact authority, hire a lawyer or whatever, in addition to email to support request refund. However notice that Cointellect didn’t even make payout, sure profit not as much let say $3 a day down to 50 cent a day, but cointellect didn’t even pay 50 cent a day.
  3. In conclusion, what Cointellect said using the Terms of Service (TOS) against you I think is really “bullshit”. Because, if the profit was $3 daily when bitcoin was at $350 or so, now that bitcoin dropped to even $150, the loss in percentage is 50%, so your earning of $3, should be now at $1.50 should be paying out to members, but guess what? as you know over 3 weeks, nothing was paid, how is this Cointellect TOS uses against you, I find it hard to understand, the only way to make sense of this is indeed Cointellect is Ponzi Scheme Scam.

Our Risk Warning on our Terms of Service very clearly states that earnings are not guaranteed and investment in the contracts carries with it inherent risks. You can also see on our homepage and contract purchase page a very clear disclaimer that the numbers displayed as daily earnings are only estimates and are not guaranteed.
If you do not wish to wait until we solve our payment issues, it is your prerogative to file a charge back from your issuing bank, but we cannot cancel your purchase as it was done knowingly and you accepted the terms upon purchase. You are also free to make a report for the alleged crime, but we are confident that no theft was committed because you knowingly entered into a transaction with us despite the aforementioned risk warnings.
Best Regards, CoIntellect COO
cointellect | mining done right |

biggest ponzi scam online 2014 2015

biggest ponzi scam online 2014 2015

What’s going on at Cointellect what are the staff doing?

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First of all. The last message Cointellect posted on its official website cointellect.com was back in January 27, 2014. After that nothing was posted. The payout had been halted for few weeks now. Although some new members are reporting that they got paid a few times at the beginning.

Cointellect could have make this work by being transparent. What are Cointellect really doing, no one really knows. However I believe Cointellect started with the vision and prediction that Bitcoin will go up and or cannot go lower than $350 at the time. Unfortunately Bitcoin crashed down to $200 below $200 at one point, but regained back to $200 and been hovering barely between $200 to $230. Even with all the good news, no way Bitcoin will go up in the next couple years to even $500, however there had been community prediction that Bitcoin will go up to $1000 in 3 years, I’m optimistic.

Now if cointellect being transparent about where the money was invested to give back to the members then today there wouldn’t be so much bad negative reviews impact, and in no way in hell cointellect ever regain it’s reputation. No way! it is broken beyond repairable. Think of you car got, new, nice smooth ride daily commute broad you happiness an joy driving, then one day your car got wrecked beyond repairable, meaning it’s crushed – engine cracked in half ignite in fire, luckily you didn’t get killed. Now thing about that, can you repair that car like new again and expect same value if you are to sell it? I don’t think so. Same concept can be applied for happened to Cointellect. Cointellect is broken beyond repairable. Even if Cointellect is legit, but it’s so bad now not possible regain trust, as more and more un-professionalism being exposed.

If Cointellect members knowing at the beginning that Cointellect are investing in development of future technology for Bitcoin, or invest in low price Bitcoin and sell high, then at least the members knew and if Bitcoin crashed members invested in Cointellect can understand the situation. It’s all about transparencies but Cointellect isn’t talking telling what they’re doing with the money members giving to Cointellect.

Now for the Cointellect Mining Pool, no doubt that there was manipulation to the software such as lowering the difficulty level so the hash rate could earn a lot more than other normal mining pool. Cointellect mining pool is just a gimmick to get members in and see the earning, it’s like a trick, so members have the confident to buy contract assuming the profit is same with Mining Contract as mining pool, I mean 100 times higher profit or earning than any other pools, something wrong there.

Now just lately, a lot of members received respond from Cointellect, giving a refund. Well folks, for Credit card purchases, Cointellect will loose the dispute anyways so yeah they have to make it look legit so hope some members don’t dispute.

I can tell you this, based on my experiences with many previous large scale of ponzi scheme scam, such as Coingeneration, IPUservices, and a bunch of other HYIPs, the ending is the same. Some larger scale of ponzi scheme will tried to keep operation running as long as possible, this is to filter out dispute and at the same time giving old members some hope and new members to join getting paid consistently to get some more money in. It might work, and might not. Some users will fall for it, some may not.

The bottom line is, sadly it’s the users or members fault for loosing the money. Those that purchased Mining Contract via credit card, chances are you will get your money back. Those that paid via Bitcoin, don’t expect anything back. Forget about the gimmick of SwissCard debit card recharge payout, just another way of keeping hope up, Cointellect just killing time with those SwissCard whatever you call it, the process would takes weeks and months and in the end those cards get sent out, but Cointellect disappear from the internet. Cointellect is broken beyond repairable, all negative reviews and comments on the internet, it is not possible for Cointellect to regain confident and its reputation, no way!.

cointellec is broken beyong repairable

cointellec is broken beyong repairable

IPUservices Coingeneration now Cointellect all turned out to be Ponzi Scheme

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So after Coingeneration.com IPUServices.com Coinbeez and so on, you still not learning anything, Cointellect officially a scam two weeks ago. I’ve mentioned Cointellect operates with ponzi scheme scam methodology to steal your money at the beginning, no one listen I guess.

I wonder how many people out there are still faithful, hopeful that Cointellect will turn around and pay everyone? For those of you that still think Cointellect will pay in full, you need to do your homework and do some reality check. It’s been over two weeks since the majority of the members got paid. The backlog of payout is huge, very big, impossible to pay.

What cointellect doing now is just pulling out some new tricks and whatever left off from under their sleeves to get more investors, or at least killing time to pack up and run away. Cointellect are killing time so that they can dispute with bank as much as they can to dispute against a dispute against their members. In other word if you open a dispute to get your money back from Cointellect, Cointellect will try to fight the dispute as much as they can to get your money using their ever changing TOS. Some of you may loss, some of you may win, depend on how you dispute the charge.

My recommendation for disputing a charge is using the paypal style. Meaning you open a dispute with your credit card company, saying that Cointellect never ship your items, no tracking number or proof of shipment delivery. This way your bank will contact the Cointellect ask them to provide proof of shipment, and if they can’t, they will loose. Now if Cointellect come back and say that they don’t ship the item instead of paying it to you in some other ways like dogecoins, they would be flagged as suspicious.

So what’s next? I mean what will he the next big scam online? I’m not talking about small scam that last just few days, weeks, I’m talking about scam that will last months even a year. Just have to wait and see, Cointellect Coingeneration IPUServices and others are working to start a new scam right now, so I’ll be watching, if anyone knows any I will be happy to investigates.

[SCAM] Cointellect is a ponzi scam just like Coingeneration

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Today as I did some extensive research on Cointellect latest activities and the reaction from the Cointellect community. Many affiliates websites closed down, deleted, such as facebook. Many facebook cointellect related to affiliate to cointellect, such as PR manager whatever they call themselves as recruiting members for cointellect deleted their facebook page that tied to cointellect.

Simple reason is because these affiliates members tried to recruits members for cointellect, but in the end, ended up not getting paid, no one is getting paid, if any then it would be pennies to the new members or members that cointellect can manipulate to buy contract using Bitcoin or similar payment method not linked to credit cards.

Credit cards holder, if you purchased mining contract with cointellect, you should immediately contract your bank and get your money back. File a dispute indicate services was not provided as expected and cannot get a hold of Cointellect staff, that’s good enough to dispute the payment.

The latest news about Swiss Card or so call Debitcard, are just to kill time. Kill time to pack up and go. Maybe also their last effort to lure people in buying a mining contract with Bitcoin. Perhaps also having the miners continue to mine at their mining pools so they can pocket more dogecoins.

Once again, if you’re mining at Cointellect Mining Pool, you should stop. If you paid via Credit Cards for mining contract, contact your bank immediately to get your money back. If already profit or already got your ROI (return of investment) back already, then just forget about cointellect and more on, nothing else but scheme and scam fraud will occurs in the next few weeks til cointellect disappear just like coingeneration.com

If you want to take a step further, you can get a hold of badbitcoin.org folks will help you in any way they can to recover your loss or build a case to report them to the authority. The four people in the picture at 2015 Bitcoin Expo some have personal facebook account, and badbitcoin.org claimed they have contact information of cointellect if anyone to go step further to bring cointellect staff to the authority, please contact badbitcoin.org

More update coming as soon I’m doing many observation and interview with many people in chat room and forums, including many social websites.

Cointellect crypto-linked debit cards …?

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Cointellect members are reporting a direct email from cointellect.com domain. Appears to be massive email to all members. The subject of this email is “Get your free dogecoin card!” was sent to every members of Cointellect.

I did some research and based on feedback of many members on other forums and blogs, including social media like facebook. It does seems to brought back the hope of getting paid again soon. However note that the message from cointellect does not indicate any date, it could be next month, or few months from today or never.

Cointellect left out the target date does indeed trigger suspicious, there’s a lot that could happen in the next few months. There are speculations from this news.

What we know about Cointellect Debit Card?

  • This debit card appears to be at the 2015 Europe Bitcoin Expo. Cointellect did indeed showed the pictures. And sadly that is all we know.
  • Every member is getting the email with the link to submit a request for the card.

Speculation of what really Cointellect Debit Card is or the intention from Cointellect.

  • How in the world Cointellect can implement this debit card when they cannot fix the Mining Pool, cannot fix Dogecoin instant payout, cannot fix Cryptopay, Cannot fix paypal payout?. Basically all payment frozen for over a week and counting, Cointellect appears to be making up stories as they go along, find reasons for not being able to payout. So now the community trusting Cointellect to roll out debit card? and payout all backlogs for weeks? Impossible, big money laundry indication to the FBI, do you know how much is backlog payout is?
  • Why is there no specific date given to the roll out of debit card? – because Cointellect want some room to extend the roll out date, because of fake unforeseen issues will delay weeks months and many months, in the end will never got rolled out.
  • This announcement is just to keep the Cointellect members calm, so the members don’t report fraud to Credit card company, and sadly it will work. Members that paid for mining contract via Credit Card will hesitate to contact their Credit Card Bank to dispute the amount paid to Cointellect for services not expected to get. Because of this news many members will hesitate to report fraud, it’s just human nature giving chances when new opportunities announced although not happening anytime soon.
  • So why is Cointellect not just shut down and run away? – the answer is WHY? when they can continue to play around with the members. Manipulate the members into limited choices, and sooner or later no choice but to give up, and unfortunately it’s the member’s fault for falling into such scam.
  • How can Cointellect make this all work? – simple answer, continue to payout, even charging 99% fees, but at least having payout consistently, but apparently Cointellect failed to do so, none of the payout work for over a week and counting, some pennies payout to new members so they can buy mining contract scheme. Cointellect kept on making up stories that are broad, generic, that doesn’t makes a lot of sense, but does have some hope for members to stay calm as long as possible.
  • In addition to the above speculation, this could also be a check and balance to see if anyone request for the debit card on the same address.

Final words, Cointellect could have make this work if they continue to pay members, even charging high fees, but mention that the high fees reason due to Bitcoin value or something to that nature, because it’s true, be more transparent, but Cointellect failed to do so. Cointellect could have also say, the high fees will be reimbursed later in the future, partial not fully, still acceptable. Cointellect giving those “bullshit” reasons such as Mining Pool capacitor problems issue, Paypal issue limit, Cryptopay limit are just “bullshit” sadly many members believe these reasons. Those issues are not hard to fix, and if they cannot fixes those issues, then how can Cointellect have the level of competency roll out debit cards? answer me that. Take care folks, until next time, I’m your stupid lack of intelligence blogger as that’s what Coingeneration IPUServices are calling me when I told they’re scam. 🙂

We wanted to issue a quick reminder to all folks that we are rapidly approaching the official release of our crypto-linked debit cards. For those unaware, the debit card makes it easy to instantly spend and withdraw your CoIntellect earnings.
For a limited time, we will be offering free debit cards to all those who purchase BASIC contracts. This offer expires at the end of the month.
These debit cards will be physically mailed to you and will require activation. Once activated, they can be used for almost anything.
Withdraw cash from an ATM
Spend your favorite cryptocurrency
Transact with any MasterCard merchant internationally
As mentioned above, simply purchase a BASIC contract and you will automatically be enrolled for a free debit card. If you have no BASIC contract but want receive payouts from cointellect to card, please fill request card form, these requests will be processed after BASIC contracts owners, at second step.
Happy Mining!
Sincerely, CoIntellect Staff
Do not reply to this message. If you have any questions, please see our official Twitter page
Copyright © 2014 CoIntellect.com. All rights reserved.

cointellect rolling out debit cards scam fake hoax fraud hyip of 2015

cointellect rolling out debit cards scam fake hoax fraud hyip of 2015