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.
The live Ultima price today is $6,115.24 USD with a 24-hour trading volume of $5,190,235 USD. The current CoinMarketCap ranking is #325, with a live market cap of $195,871,198 USD. Ultima’s mission to create a seamless cryptocurrency product reflects its dedication to transforming global cryptocurrency interactions. By integrating a range of unique and innovative solutions, Ultima aims to simplify the complexities of the crypto world, making it more approachable for users worldwide.
PLC Ultima Classic Plcuc Price USD
This platform allows for the funding of projects and ideas within the cryptocurrency community, facilitating growth and innovation. plc ultima forum Furthermore, Ultima has developed its own marketplace, creating a space where users can buy, sell, or trade goods and services using cryptocurrencies. Investing in assets such as stocks, bonds, cryptocurrencies, futures, options, and CFDs involves considerable risks.
PlatinCoin Ponzi rebooted as PlatinWorld with PLC Ultima
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.
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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. Our editorial and marketing teams operate independently, ensuring the accuracy and objectivity of our financial insights.
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.
- He used deceptive tactics such as creating fake coin burns and enticing minting and mining programs to keep the community engaged.
- 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.
- 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.
- The participants also discussed measures to improve the efficiency of projects aimed at supporting small businesses.
- 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.
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.
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.
New investors will need to be recruited to offload those bags onto, and for that to happen Reinhardt has come up with his “new blockchain” pitch. A pivotal aspect of Ultima’s strategy has been its focus on social gameplay and community building. Recognizing the importance of a connected and interactive community, Ultima has placed a strong emphasis on features that promote collaboration, competition, and social interaction. Be it scammers like Elias Pape cashing out PLCU or PlatinWorld recruitment collapsing (again), PlatinWorld’s house of cards crashing down will result in the majority of investors losing money.
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.
- Several retail forex brokers also offer FX trading with fractional lot sizes; from 0.99 down to 0.10 (mini lots).
- We generate revenue through banner advertising and affiliate partnerships, which do not influence our impartial reviews or content integrity.
- The PLCU iteration of Reinhardt’s Ponzi scheme collapsed in late 2022.
- 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.
- It is from Dubai, the MLM crime capital of the world, that Reinhardt runs his various MLM crypto Ponzi schemes.
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. Currently, he is unavailable on all social media platforms and does not accept any public comments or proposals. He exclusively conducts his business through a Telegram channel, where users cannot contribute or participate in discussions, limited only to viewing. Since the launch of PlatinCoin Ultima and subsequent PlatinCoin tokens, hundreds of thousands of investors have lost approximately €1 billion.
To understand what will happen with his new project, one needs to look at what happened with the old ones. They all burned out, but Alex Reinhardt took all the profit from them. In late October, a new Ultima shitcoin was launched to furnish Reinhardt’s new Ponzi scheme. As with previous iterations of Reinhardt’s Ponzi scheme, wash trading is used to create an artificial coin price.
