Category Archives: Scam Fraud Activities

Cointellect reputation has been ruined failure to deliver what they said

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Let face it. Bitcoin impacted many related crypto currencies business. Cointellect isn’t one, but it just that Cointellect have decision maker from their team, if they even have a team by now that is.

As of today, anywhere you search online, google search for cointellect, almost everysite that talks about cointellect most if not all comments by real members users would indicate Cointellect having problems paying. This is a fact, not make up or exaggeration. The bottom line is as of these days, Cointellect IS NOT PAYING.

If you didn’t follow my blog on cointellect scroll back or go back and read the 11 things Cointellect did wrong.

I urges people to contact their bank credit card company and dispute the amount invested immediately. There is no way Cointellect can make anymore payout, what they’re doing now is just putting bandage on so they continue to get flow of investors but it’s not working, so most likely they will disappear just like coingeneration.com. Look at the Bitcoin price, no way bitcoin can gain momentum up to $300-400 in the next few weeks or month based on its trend, and Cointellect already confirmed they got impacted by the Bitcoin price whether it’s true or not, or just taking advantage. For those that invested in Bitcoin, your money is gone, no one can help you, even if you sent support@cointellect email don’t exact anything, in fact they might be laughing at you for being ignorant, just like many others you got scammed by an unknown online business just like coingeneration.com

For those that the mine on Cointellect Pool, it’s best that you switch to another multipool that pay realistic amount, not made up algo or logic like Cointellect Mining Pool. On top of that Cointellect mining pool has many problems for few months now by manual intervention from the operators.

Cointellect.com website has been down offline since last night for many people

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First I would like to say that there is a person in Facebook that have a dozen Cointellect facebook fanpage, his name nickname on Facebook is Cointellect, probably among the first that joined Cointellect and probably made some good earning by now. This person has been promoting Cointellect, some speculated that this person might have some tied to Cointellect staff or its operation. Some think this person just like a member that promote Cointellect to get big commission, we don’t know. However what we do know is Cointellect is falling apart, not paying and making up reasons for not paying and manipulate members new and old to give them more money.

Now back to Cointellect website. Cointellect.com has not been loading correctly, it’s loading then crashed, then timed out, then eventually no longer accessible. This is the same method Coingeneration was using before it went totally scam. It is one of the many method that these type of ponzi scheme are doing to prevent being exposed to scam, instead finding ways to make it realistic in order to keep the members continue to have faith and continue to invest. However what really happening is, this is the last stage or phase where Cointellect will prepare for an exit plan. This and many others ponzi scam scheme like it will always uses its last resources methods to get as much money as possible before disappearing, and off course they’re going to denied it just like Coingeneration.

Here are some facts about Cointellect that defined them as ponzi scheme scam.

  1. Program start out paying consistently, but only for several to few months.
  2. No known hash speed would indicate from Cointellect, so Mining Pool probably don’t even exist, just within their domain, not contributing to the whole network, manipulated for fake earning.
  3. Mining Contract profit similar to Coingeneration layout of profit.
  4. Taking advantage of Holiday to prevent withdrawal by charging 20% fees temporary, LIED. The 20% fees continue on for Saturday and 30% fees on Sunday. Now the fees are everyday.
  5. Dogecoin instant payout announced, LIED. Didn’t last for 4 hours then no longer going through, all Payout pending. This is even with the 20% fees still not going through.
  6. Members are reporting Paypal never went thru, for 2 to 3 weeks.
  7. Cryptopay stopped working, then re-enabled for higher tier investors to withdraw, LIED. Cryptopay still did not work.
  8. Bitcoin Expo 2015, sponsor as Mining, this is just a gimmick as last ditch effort to get more investors, keeping the members having faith to invest. It’s not hard to get on the list of any sponsor, often time the Expo don’t even question the credibility of the sponsorship or identity.
  9. Cointellect Mining Pool issue? LIED. The Cointellect Mining Pool was manipulated so that members cannot earn much money. In fact the Cointellect Mining Pool don’t even exist on global network hash rate. Unknown maybe? don’t think so.
  10. Now the Cointellect.com website is offline, and it might be off and on, just to prevent members from clicking on request payout earning and so on.
  11. Cointellect have more tricks under their sleeves coming soon just to get more money from people. Either they’re trying to get back what was indeed real loss, or simply get more money to their pocket before running away.

Cointellect manipulating members to purchase big mining contract

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Based on other blogs and forums, including reddit, people are voicing their opinion on Cointellect business practice mostly negatives.

After reviewing all those comments, there are 90% negatives, a staggering increased from several months ago which was 90% positive feedback in regard to Cointellect. I strongly believe that Cointellect is struggling, and yes Bitcoin does have an impact to their operations, although clearly many people already knew Cointellect not being transparent on what exactly they’re trying to do, it’s an obvious Ponzi Scam scheme that Coingeneration.com did 2013-2014, didn’t last 3 months, then same thing happen like Cointellect today.

What Cointellect trying to do today is to get more investors by manipulating members new and old to invest more. For example, if you purchased Mining Contract 7 days, 1 month, 3 months, chances are you will not get paid and Cointellect. Cointellect will say that only 6 months Mining Contract or higher will get paid. With that being said, people with greater than 6 months contract are not getting paid either. Cointellect just want the the new members and members that don’t invest to start investing.

Apparently it’s a ponzi scam scheme that required new investors or continuous flow of money coming in to pay for the existing investors. When the money stop, problems such as what we’ve already seen from Cointellect start to grow, more issues, making up stories, new strategies, taking advantage of real life issues to delay payout or not paying at all.

I urge people that purchased Cointellect Mining Contract via credit card to contact their bank as soon as possible to file dispute against Cointellect, get your money back before it’s too late to open a dispute. For those that invested with Bitcoin, you’re out of luck, no one can help you, not even FBI POLICE or anyone.

Who behind Cointellect operation?

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Thanks to an anonymous tips, people are saying here’s one of the person behind Cointellect. Facebook page https://www.facebook.com/danielfilipefonseca/

Just in case in the future when Cointellect totally revealed itself as fraud, you have something to go with to bring them to justice. Although as of today 5 days no payout of Dogecoin even though Cointellect announced instant Dogecoin was back last week, but it didn’t even last a day, then now totally frozen, no news, no payout, just messages to people like me posting their pictures and threaten me to the police if I don’t take the picture down.

It’s sad to see people are continuing to fall for scam like this. People never learn I guess. With cointellect, now you have some pictures to reference with people tied Cointellect operation, you got their name, hopefully it’s real, you got their pictures, and their connection with Bitcoin Expo 2015 along with Cointelegraph staff. Honestly I think that cointelegraph guy could have done better job, asking more precise question and instead of scripted interview, why not live audio or video record, it’s the future, we have cell phone camera audio and so on, why not do the interview there? Maybe that cointelegraph guy have some connection with Cointellect? did cointellect gave him a big mining contract? keep on speculating folks 🙂

[Not Paying] Cointellect not paying any Dogecoins for over 4 days +

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No Dogecoin paying being made for over four days, going for day 4 and counting, over four days, members of Cointellect are reporting of not getting paid. Earnings payout requests are all in pending status “Wait for Executed” message. Not so sure if people invested in the thousands get paid via CryptoPay.

The end of Cointellect is near, just like Coingeneration.com, the sad thing about this is that many folks whom got scammed before and willing to risk it and got scammed again. I’ve seen people invested in the thousands of dollars for Mining Contract, got about half of their ROI back, then problems. Many of the people invested with a once way funding, such as Bitcoin, Egopay, Perfect Money, and so on, these are one way funding, no such thing as dispute or refund, your money is gone.

For many of you lucky people that uses Credit Card whom just realized you got scammed, there might be still time for you to contact your Credit Card company or bank immediately, as soon as possible and report of the fraud. Dispute the amount, get it refund it back to your account, at least get your money back. Sometime the bank allow up to 60 days for dispute, but often time only 45 days max. If you dispute large amount, chances are it will take long time to get refund. Do this as soon as possible.

With over 4 days of backlog payout, I don’t see how can Cointellect can perform the payout in full. Just like coingeneration.com they did the same thing as Cointellect are doing today. If you don’t know about Coingeneration.com you can search on the web, you will see it’s same concept as Cointellect are doing today, but this Cointellect actually showing pictures of the people whom may be involved with the program, four people showing up in picture at the Bitcoin Expo 2015.

Cointellect Payout backlog are piling up no way can it pay members in full

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It has been 3 days and counting Cointellect has not been making payout. Except maybe the cryptopay high investors, not sure if that’s true or went thru actually. For sure none of the Cointellect members whether you’re mining or purchased contract, you’re not getting paid. Payments of earning are in Cointellect Wait for Executed status for 3 days and counting.

With this enormous backlog, there is no way Cointellect can make payout to everyone in full. The backlog will keeps on piling up higher and higher, the payout will be pennies if any. This is so much like coingeneration.com operations.

Highly recommend people whom invested or purchased contract using Credit Card to start filing dispute against Cointellect to at least your investment back, however if you’re this, chances are you will get your money back, but more than likely your account with Cointellect will get suspended, your IP address, name, phone #, email address, everything tied to you all account will get suspended. Well the good news is you will get your money back 🙂 the bad news will be if Cointellect still alive for longer time then you will missed out on the earning. However chances are a fallout will happen very soon with Cointellect.

No way the amount of backlog payout Cointellect can be executed anytime soon, it is money laundering if it does. People should have seen this coming as I’ve already mention same business concept as coingeneration.com with cointellect.

What’s the latest with Cointellect?

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First, the Cointellect Facebook guy appear to be very active, he’s more active than any of the Cointellect staff maybe, but perhaps he is Cointellect, who knows 🙂

Second, Cointellect Mining Pool still crappy, people are reporting earning dropped mining at Cointellect. Members mined at Cointellect Mining pool will notice cannot connect, rejected shares, not responding, waiting for work … The worst is you get disconnected and if you don’t check, your earning is zero until you check and reset it. Meaning it disconnected you totally and if you don’t check for a week, your earning on mining is zero for that whole week. Bottom line, Cointellect lied about Mining Done Right! it’s more like mining done wrong!

Payout Dogecoin, instant payout back? NOT, instant of Dogecoin payout has not been instant, for few weeks already, payout takes days sometime to complete, but the good news is they went through, for now 🙂 who knows that the future hold. Bottom line, Cointellect lied about instant Dogecoin withdrawal.

Payout Cryptopay? ER didn’t work either, now Cointellect limit cointellect to certain groups of users. Yeah make up rules as you go along, how’s that for a professional business huh? 🙂 Botton line, Cointellect done wrong again.

Payout Paypal? ERR don’t work either days, takes days, weeks, eventually cancelled. Liar liar your butt crack on fire! as one of the members said it in one of the forum. 🙂

Fees only Holiday? WRONG!!! fees only Week end? WRONG!!! How about fees everyday 20-30% of your earning! and Cointellect said if you do the match, you can still profit! LOL what a joke. If I do the math and I invest in $20 to get $25 back in 7 days, I will be loosing money with 20% fees. Oh wait! Cointellect meant to say invest in thousand of dollars for 6 months to 2 years contract then you can profit, and Cointellect said don’t worry they will still be around for long time LOL.

Enough LOL but since it’s Friday I want to release some stress. Stay tuned folks.

Making money online invest in HYIP how to tell when the program is ending

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Throughout the years, I have invested in many HYIP in the past and I haven’t done much lately. What I learned was, most of the HYIP program online start out with payout to everyone consistently for a short period of time without any much marketing. It is by word of mouth referrals commission and so on. The operator are sometime monitors each individual account manually to see when the investors will stop investing or see if it’s from the same person and so on. For many other HYIP, it’s simply they’re watching their balance of in and out.

For most HYIP. If the IN is $10, and the out is $10, they will continue to operate normally. If the IN is $10 and the out is $15, they will start to make up stories such as having payout problems due to technical issue, bank issue, and so on, so that they can delay payout or payout in very small amount. If the IN is $10 and the out is $5, off course they’re profiting and at this stage they will plan a get away, meaning withdraw all the cash to their bank and at the same time making up stories for delay in paying whatever advantage they can take, even pay pennies to the investors just to keep them calm as their getaway plan is in progress.

How to tell if the HYIP is ending? – short answer is when you see the HYIP is very active, such as more promotion, increases in commission referrals, bonus payout, live chat live activities, and off course creating more websites and announcement of expanding its operations; basically whatever advantage available to get more investors going in during the last minutes. Paypal and Credit Card bank are just gimmicks. The real pocket money they will steal are from investors that paid by virtual currencies such as Bitcoin Dogecoin Cryptocoins EgoPay Money Perfect and so on, these are not traceable and only have one way transactions if from a non legitimate business.

There are projects similar to HYIP and bias people would right away call it a HYIP. However project goal is to really want it to work and longevity, but disaster could happen such as the falling of Bitcoin value will impact its operations, or the money from its investors were gambled and loss all, or the money was put in an unknown investment program to yield higher profit but failed, so as a result the project couldn’t make payout and had to abandoned. These projects are half HYIP and half new technology. If the technology failed, the program failed. If the technology succeed then the program skyrocketed.

[Program Failing] Cointellect implemented permanent fees 20%

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News officially published. All earnings will have 20% fees applied. If you try to withdraw $1, you will be paying 20 cent for fees, and you get is $0.80. If you try to withdraw $100, $20 will be the fees and all you get is $80. To many this is better than nothing or the program running away or closing.

I’ve blogged about this several days ago that Cointellect will take advantage of this, and using this method to operates. Too many people it can be understood. To others will most likely call this a SCAM.

Mining Sector and Comissions

Published at Jan 18, 2015 11:58:10 PM
A’Hoy Shibes,

As we continue to progress into the age of cryptocurrencies, it becomes more and more important to be aware of current events — particularly in the mining sector. In recent months, the mining landscape has slowly begun to see the effects of Bitcoin’s declining value.

As the price of Bitcoin continues to drop, mining becomes less profitable. While this problem currently seems to be largely exclusive to SHA-256, Scrypt coins have also been affected. CoIntellect has the benefit of hosting more than 80% of its resources in the cloud.

As you can imagine, Bitcoin’s dropping price has had a negative impact on companies throughout the industry — including ours. While we aren’t in any danger of closing our doors, we felt it necessary to shed some light on the motivation behind our current position and recent decisions to implement fees.

Commission

Until the price of Bitcoin returns to $320-$325, we will be enforcing the withdrawal commission on Dogecoin. While we continue to collaborate with CryptoPay to reach a service agreement, this commission will apply to all withdrawal methods. The commission will be lifted once an agreement is reached. We realize the inconvenience this poses to some of our users; unfortunately, this is the most practical solution currently available to us. This preventative measure will enable us to maintain liquidity and offer our services.

As mining continues to become more competitive, the future becomes quite challenging. However, it is without doubt that solo-mining will slowly become more of a niche hobby than a practical means to generate revenue. Fortunately, CoIntellect’s rocket ship has enough room to take everyone to the moon. With our lucrative pools and variety of contracts, we empower the solo-miner again and make it fun to generate revenue.

In the words of Shibetoshi Nakamato, turbulence is expected when flying to the moon.

Sincerely,
CoIntellect Staff

[High fees for withdrawal earnings] Cointellect fees 20% for all withdrawal?

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Cointellect doesn’t looks too good folks. According to other blogs and forums, including HYIP chat room, people are confirming the 20% fees on Cointellect now, it’s not longer no fees.

Today is Monday for many locations regions, including the so call office of Cointellect Northern Europe. It is Monday and the fees changed from Sunday commission 30% now to just “Commission 20%”. Meaning that the fees for Sunday 30% was removed then Cointellect replaced it with 20% fee for all withdrawal for business days.

This is bad, look like Cointellect is in trouble with all these problems and issue related to payout. There wasn’t any fees before, then Cointellect took advantage of Christmas and New year weeks to applied the 30% fees. Then after the Holiday Cointellect continue to applied fees for week end 20-30%. Then now fees for weekdays also Monday to Friday at 20% fees commission. Doesn’t look good. Hopefully the members voice their concern on this on all of the facebook related Cointellect asking about the fees now is permanent 20%?

If members of Cointellect keeps on sending email to support team the public community will not know what’s going on. It’s better to send email to support and at the same time post the issue on facebook Cointellect websites for people to see, and hope Cointellect don’t delete your facebook post due to issues that make their Cointellect look bad.

I will keep my eye open checking for issues reported by members. Stay tuned!.