Blocksims using the identities of real people as a scam

Shehar Yar Blocksims

Just a few more facts on the fraudulent efforts of the criminal, Shehar Yar of Blocksims, who is trying to justify his stolen ICO. I will be showing you how they have chosen the photograph of a prominent business person as their Bounty Manager and the photo of a Russian serial killer to troll the Mobilink-coin Telegram group. I would like to give a shout out to FaceFirst, my personal favorite when it comes to facial recognition software.

Blocksims.io created a false identity on their Telegram account named “Maxine Layare”. This user is Blocksims Bounty Manager.

Maxine Layare Blocksims

Blocksimstelegram

However I identified the image associated with this fraudulent Telegram Blocksims identity with a very respected business person named Janet Cowell.

Janet Cowell

We reached out to Janet and she is aware of her photographic identity being stolen by Blocksims.

Next we have a man named “Henry Layman” with an image of a bald guy who has been trolling the Mobilink-Coin Telegram page.

Aslan Gagiev Djako Blocksims

Aslan Gagiev Djako Shehar Yar

As it turns out, Henry is actually Russian serial killer, Aslan Gagiev, also known as Djako. Djako has killed over 60 people.

Shehar Yar Serial Killer

If it weren’t so sad, I would have to laugh at the felonious comedy team known as Blocksims, led by criminal ringleader Shehar Yar. Are they just pulling images and identities out of their ass? Or was there a specific strategy to use an image of a respectable business person for their own company and the image of a Russian serial killer to troll Mobilink-coin? Time will tell of their failing fraudulent efforts as my investigative team and I uncover every rock looking for fraud.

 

Blocksims ICO Fraud – Name calling vs investigative facts

blocksims alepy

Consider this post Part 3 in a series of my investigation of Blocksims.io and Shehar Yar, the mastermind of this deception and many more. My first post more then proved Blocksims was a fraud. My second post called out the “actors” used in a promotional video to add Anglo credibility to their ICO. Today I will focus on the counter-attacks the suspects have been using and some additional data I have received from many parties.

The players with Blocksims are Shehar Yar, Gopinath Krishnamoorthy, Kugan Ausuvalingam, Tarmaraja Padrasono, Muhammad Younas, Elias Rodriguez, Uri Valles, David Martial, J. Ricardo Pala. The other linked projects (where team is also interested with the Blocksims.io): mivolink.com, ico.krytobonds.io (KBS), weigrate.io, alepy.io.

As I have been writing this post I was notified of the results of an independent investigation here. And, this article has already been syndicated to Coin5s.

The responses from the accused play out like a comedy. In a discussion at Bitcointalk the user named Alepy, which is actually Shehar Yar or one of his associates blew a fuse. Started talking all “Gangsta” and threatened me with “F’ing me up if Mobilink Coin did not close up shop.” First, I don’t work for Mobilink and second, the moderator should have removed the user for making threats.

Then they created a personality on YouTube doing a negative video on Mobilink.io as if they were a genuine investigator like me. They seem to be getting all upset when factual evidence through documents, screenshots and other sources gets posted online. Their only response is to counter-attack with angry emotion, name calling and fake news.

I was cruising around Facebook looking for other businesses that are run by Shehar Yar and found this meme on one of the sites:

Blocksims Shehar Yar

The good news is that Blocksims.io is showing up all over the internet as a fraud. The ICO news sites like FoundICO have removed Blocksims from their database. Foxico has marked them as a scam. They are on Ripoff Report. The fraud is also taking social media by storm.

I have yet to even invest in Mobilink, however I really hate fraud which was my motivation to keep this investigation going. In the long run I hope this information on Shehar Yar, Gopinath Krishnamoorthy, Kugan Ausuvalingam, Tarmaraja Padrasono, Muhammad Younas, Elias Rodriguez, Uri Valles, David Martial, J. Ricardo Pala protects consumers and ICO investors worldwide from trusting their money with these folks.

Securing classified information within government work spaces

Back before I was investigating classified proprietary materials theft, I was at one specific facility where the emphasis was on not leaving classified materials laying around work stations. The employee or contractor may think their project is safe just lying on a desk or up on the computer screen while they head to the restroom but statistics show many secrets have been stolen from materials left right out in the open.

The secure locations will host training classes, send out memos but they also used something as basic as cartoonish signs placed on desks, in cubicles and on walls throughout the facility like these signs I collected at one of my duty stations.

Top Secret Poster

Top Secret Frog

Top Secret Lion

These may seem goofy to use these types of displays in protecting America’s secrets but they worked.

Elias Rodriguez, Uri Valles, Shehar Yar, Kryptobonds, Blocksims – The Investigation

Elias Rodriguez

In my prior investigative article I was focused specifically on the alleged ICO fraud of Shehar Yar and Blocksims. A couple of weeks have passed since that post and the investigation and observations have really started dominating the internet. Many of the ICO databases are marking Blocksims as a scam. One even removed their name from their list of ICO’s and they have been reported to the Ripoff Report and others.

Today I saw a video Blocksims.io posted trying to communicate the legitimacy of their ICO. The video looks great. Very CONvincing. It features two individuals, Elias Rodriguez and Uri Valles who are allegedly Blockchain influencers and advisors for BlockSims.

Uri Valles

Problem is, they are probably actors.

By actors I mean scripted and orchestrated. Probably paid by Blocksims in cash or tokens to make Blocksims look legit. Or maybe they are the ACTUAL founders of Blocksims and hired Shehar to design their infrastructure. As you can see below, they are both listed as Co-founders of an ICO called KryptoBonds.

There is an entire ICO promotional industry working throughout the world. $20 per hour dev hacks from Malaysia, India, Philippines and abroad like Shehar Yar and his team, take advantage of the fact most new ICO’s are being run by people who would rather stay behind the scenes. An ICO is just air. A void if you will, until it is funded. Out of the 1,100 ICO’s in play right now, most are complete scams or enthusiastic crypto junkies that honestly want to make a go of it.

Many of the scammers are overseas Fiverr sellers living with goats behind their parents home. They have to communicate a successful presence on the web. They need to look like “ballers” in the ICO world. So they hire successful looking actors to represent their brand. Then they build fraudulent Linkedin profiles which never really line up with reality.

So allow me to dig a little deeper into my research.

elias rodriguez

Elias Rodriguez states in his LinkedIn profile that he attended two Universities.

Imperial College London
Degree Name Postgraduate Diploma
Field Of Study Inertial Confinement Plasma Physics
Dates attended or expected graduation 1989 – 1991

Queen Mary University of London
Degree Name BEng
Field Of Study Nuclear Engineering
Dates attended or expected graduation 1985 – 1989

As an investigator I made formal contact with both colleges. They responded there were no records for Elias Rodriguez. Is “Inertial Confinement Plasma Physics” really a feild of study?. Google it. There are 8 posts worldwide using variants of such a field of study.

Elias holds a BEng in Nuclear Engineering from London University and now leads a small RD&E team in the automotive industry. He is a web developer and website reseller.

Elias Rodriguez

And I ask myself, if I was Elias and had was a nuclear physicist, why would I be labeled an automotive consultant and a probable stand in for a couple of ICO’s?

I did find an “E. M. Rodriguez Ventura” who published a paper in 1988 called, “Solutions of the diffusion equation in cones and wedges”. And that name lines up with the published educational data found here:

http://www.rguez.com/elias.htm

I did find a twitter account with a photo of the same guy along with the statement that he is the co-founder of KryptoBonds.

Elias Rodriquez Cryptomunny

Then we look at Uri Valles. Same story. Alleged false educational statements.

Uri valles

Now let’s look at another business these two are part of. KryproBonds. KryptoBonds was also designed by Shehar Yar representing AxChain.

axchain shehar yar

The primary principals of Kryptobonds are Elias and Uri. Kryptobonds does not look like it is going to fly. The following statement is on their website:

Dear Investors,

We have decided to postpone the ICO for KryptoBonds for a few months until we manage some crucial negotiations with new partners which will make the platform even more exciting. Please bear with us and do rest assured that we will keep you informed of new developments as they come out.

KBS Team

(Update 4/23/2018 – Very little activity if any online from KryptoBonds. It is my opinion it is not going to fly.)

Elias rodriguez uri valles kryptobond

And they are principals in Blocksims which is currently under investigation for fraud.

Uri Valles Elias Rodriguez

(Update 04/23/2018 – Other then the youtube video their profiles and all of the team member profiles have been removed from the Blocksims website)

And lastly, AxChain(Shehar Yar), who denies any cross relationships, worked for Mobilink as their web developer via his company AxChain.

Axchain

Is the reader as confused as I am? My opinions are limited to facts I know to be true, internet research, social media research and phone calls. The balance of my allegations is conjecture as I try to fill in the blanks.

If Elias Rodriguez and Uri Valles are reading this post, please reach out to me directly ted@tedlancer.com

Before you defend yourselves w/re my allegations,  the first thing we need to do is establish proof of life. A color scan of your passport will do. Next, proof of your education followed by an explanation of your relationship of Shehar Yar.

And lastly, please don’t be offended but you guys ARE the face of an ICO currently under investigation.

 

Texas Regulators Going After The R2B Coin Based in Hong Kong

Texas ICO Cryptocurrency

Regulators in the State of Texas are going after a Hong Kong based Cryptocurrency called the R2B Coin. The Texas State Securities Board (TSSB) is accusing the company of selling an unregistered security to Texas residents.

The Emergency Cease and Desist Order can be found here

As per the R2B site, the firm says its pre-mined digital currency “R2B Coin” will have an offering cost extending from $0.008 to $188. It additionally asserts that “R2B Coins will reach $200 inside three months after the beginning of exchanging, and will be among top 10 monetary forms in 1– 1.5 years.”

The TSSB is stating this falls under the definition of a security and is “misleading and deceptive”.

While the firm claims to be internationally authorized, the Texas controller said R2B isn’t enrolled in its ward and along these lines has damaged securities directions by requesting speculators from Texas through a progression of phone calls.

I wrote a post about the SEC going after IPO’s which I thought was going to be regulated at the federal and now it has advanced to the state level.

Facebook creates new policy on advertising ICO’s and cryptocurrency

ICO Scams Fraud

Facebook has another crime prevention strategy relating to digital money, parallel choices and introductory coin offerings. The strategy is going to prevent ICO’s and other Cryptocurrencies from advertising or promoting on Facebook “that are as often as possible related with deceiving or misleading practices,” Facebook Product Management Director Rob Leathern wrote in a blog entry today.

Cryptographic forms of money like Bitcoin, Litecoin and Ethereum, and initial coin offerings have all hit the standard, which has expeditiously brought about various scams. While Facebook says it needs individuals “to proceed to find and learn” about those items and administrations, “there are numerous organizations who are promoting paired choices, ICOs and digital forms of money that are not right now working in accordance with integrity,” Leathern composed.

Leathern perceives that the strategy is very expansive, yet he says that is deliberate. The arrangement is to keep attempting to better distinguish beguiling and misdirecting advertisements that relate to digital forms of money, ICOs and double choices.

After some time, Facebook says it will return to the strategy and its implementation components as its signs progress. Meanwhile, Facebook is urging individuals to report content that disregards this arrangement.

“This approach is a piece of a progressing push to enhance the uprightness and security of our advertisements, and to make it harder for con artists to benefit from a nearness on Facebook,” Leathern composed.

I suspect Facebook will be shutting off the account of Blocksims soon. Blocksims CEO, Shehar Yar is under investigation for theft and operating a scam IPO.

Shehar Yar ICO Blocksims

The Expectation of Advanced Defense Aviation Technologies

SR-72

In November of 1955, a C-54 US Air Force transport plane crashed in the Spring Mountains in Southern Nevada. All 14 occupants were killed. The families of the decedents knew their family members had died but they were never told what the mission was until 1998 when an FOIA provided the accident report.  Flight 9068 was transporting members of the CIA and other defense contractors to Groom lake, aka Area 51 for a test flight of the U-2 Spy-plane. The U-2 was at the highest level of secrecy, probably in the the top five of secret black budget projects ever.

This was a new technology. This was the first high-altitude reconnaissance aircraft. There was no expectation of this technology. Maybe a dream of this concept, but it had to be kept under wraps so the missions could be implemented in secrecy once the U-2 passed all testing. After the public knew of the U2, there was an expectation of the next big thing in defense aviation. The public just did not know about the A-12 project designed by Lockheed for the CIA in 1960 which eventually became the SR-71 that could fly higher and faster then any aircraft on earth. This project was started as the U-2 was flying missions.

Then we had a the “Black Triangles”. The F-117 Nighthawk was the first offensive aircraft built with stealth technology. Its maiden flight was in 1981 and started overseas operations in 1983. It was flying missions from the secret Tonapah flight facility for 5 years before the general public knew of its existence.  This technology, creating stealth fighters and bombers was not an expected technology by the general public. One of my business partners actually oversaw the security and secrecy at Tonapah before he retired from the military. Oh the stories I could tell.

In 2015, Coastal Californians witnessed a missile launch offshore. There were all kinds of conspiracy theories like the US Navy was conducting a mock attack on Los Angeles. What they might not have known was that in 1946, just after WW2, President Truman, created the establishment of the Naval Air Missile Test Center at Point Mugu. The Point Mugu complex works in collaboration with its sister location at China Lake NAWCWC. Most of the public did not know advanced missile technologies were being developed right under their noses.

Lets move to the present day. On January 16th, Bloomberg Technology reported the possible existence of the replacement of the SR-71 with the SR-72 called “The Son of Blackbird”. There are all kinds of theories going around about a secret aircraft called Aurora. Some people think this aircraft is just sitting in a blueprint. I however, based upon history and my poking around,  feel the SR-72 has been around for 4 years to support the RQ-180 drone. The SR-72 investigates and the drone monitors the target area. We did not replace the SR-71 without a replacement and we can all conceive of an expected advance into greater defense technologies.

 

 

Shehar Yar of Blocksims under investigation for fraud and intellectual property theft

shehar yar blocksims

Shehar YarThis is Shehar Yar. Shehar Yar was hired by an ICO, Mobilink-Coin to develop a website, database and back office for their company. Earlier this month Shehar was fired after the client realized the website the client had paid for was actually a clone from another website UTrust. The developer did not in fact create a custom website per the original scope of work and contract. And in fact, Shehar left much of the identifying code from the original website within the cloned website. Many screenshots and files were provided to me as proof. Here is just one from the root directory

Shehar Yar

Not that that was enough of an offense, on January 22nd a website was registered called blocksims.io representing an ICO called Blocksims. Problem is, Blocksims resembles the exact online presence Shehar Yar was developing for his prior client, Mobilink-coin. Based upon the timelines I have and the subsequent launch of a like product last week, by all appearances this team has indeed started a fraudulent business process to present their client’s business as their own.

I am Ted, the original Ted, and I have been asked as a writer and former investigator to look into the alleged fraud, intellectual property theft, hacking and trade secret theft by Mr Yar and his associates, Gopinath Krishnamoorthy, Kugan Ausuvalingam, Tarmaraja Padrasono and Muhammad Younas dba an ICO and telcom product called Blocksims.

This case was brought to my attention after several investors started reaching out because they were receiving e mails from buzz@blocksims.io

blocksims

This contractor that was fired, establishes a website on the 22nd of Jaunuary, 3 days after being fired officially by the client.  Mr Yar’s website essentially representing the clients entire marketing model and 7 days later, the members of the clients ICO are receiving e mails from the very same company. Can any reasonable individual think this is a coincidence? It is clear this contractor, Shehar Yar downloaded the clients database or hacked into it. I have a forensic technology team looking into it now.

I am currently reviewing hundreds of Skype messages between Shehar Yar and the original client starting in October of last year.

On 10/17 there is communication between Yar and the CEO of the client negotiating the hiring of Yar as a developer for the team.

On 10/26 mobilink.io is established.

On 11/20 it looks like they are moving forward with the business relationship when Yar is asked about other projects he has worked on:

[11/20/2017 10:55:55 PM] Client: I would like to see the websites
[11/20/2017 10:56:00 PM] Shehar Yar: atbcoin.com
[11/20/2017 10:56:09 PM] Shehar Yar: https://mainsale.powerledger.io
[11/20/2017 10:56:36 PM] Shehar Yar: This is our latest project .
https://www.brickblock.io/
[11/20/2017 10:56:55 PM] Shehar Yar: Working on raising funds digital marketing
[11/20/2017 10:59:59 PM] Shehar Yar: Here is our media platform we’ve also been listing ICO’s etc.
https://www.cryptocurrencyreporters.com/

The next day we can clearly see Yar taking the lead on the design process:

[11/21/2017 10:37:13 AM] Rod Ceo: yes today will take care of that
[11/21/2017 10:38:02 AM | Edited 10:38:05 AM] Shehar Yar: Great we’ll send you something soon I’ll be working on the main Domain
[11/21/2017 10:38:21 AM] Shehar Yar: Like the landing page will be added to Mobilink.io
[11/21/2017 10:38:36 AM] Rod Ceo: ok, great
[11/21/2017 10:38:37 AM] Shehar Yar: They can continue working on Staging
[11/21/2017 10:39:17 AM] Shehar Yar: Please make sure to make me admin on Facebook ads account and and Google adwords
[11/21/2017 10:39:23 AM] Shehar Yar: Highly needed
[11/21/2017 10:39:31 AM] Shehar Yar: Samitpro2@gmail.com
[11/21/2017 10:40:21 AM] Shehar Yar: We need a to write a couple blog for our blog section will discuss that over a call as well

Per the client, Yar was to have had a completed project in December. It was incomplete and filled with errors. The client was not happy. Excuses were made by Yar and at one point he wanted more money. In January after finding out that the large sum of money he was paid, purchased an incomplete website that was a copy of another clients website.

In January, Shehar Yar was fired which led to him starting an ICO which is almost an exact duplicate of the product the client was offering.

So who is Shehar Yar? I googled his name, his “name” with “ICO” added and a number of his e mail addresses. It looks like he has been involved in the development of many ICO’s that never launched. I find it funny to compare his stated persona as the CEO of Blocksims…

Shehar Yar

…yet he is listed as a $20 per hour hack at UpWork

Shehar Yar

Last night there was a social media buzz about Blocksims and Shehar Yar allegedly ripping off Mobilink.io. They responded with a post on Twitter accusing the client of stealing THEIR idea. I am glad I got a screenshot last night as they deleted their original post:

Blocksims.io

Before I make my closing remarks, and if you conduct a Google search for Shehar Yar ICO, you will see the subject of this investigation was clearly one of many team members of the client, mobilink.io

Shehar Yar Mobilink

Shehar Yar Blocksims

Shehar Yar ico

You can see clearly that the clients company existed before Yar was hired as a contractor and the statement that the client ripped off HE and Blocksims is completely false.

The Timeline

On October 20, 2017 negotiations started to hire Shehar Yar as a developer contractor.

The client registered their website, mobilink.io on October 26th.

In November the work started by Yar and Yar was added as a developer to the clients team list on multiple ICO directories.

In December the product was supposed to be delivered and was incomplete and filled with errors.

In January 2018, Yar was fired for not completing the scope of work in a timely manner, insisting on charging more money to complete the project and being discovered that he cloned an existing website and just swapped out the content.

On January 22nd, 2018 Blocksims.io was registered and the site went live recently essentially duplicating the clients online presence.

On January 29th, e mails started being received from Blocksims.io inviting them to see THEIR opportunity.

On January 30th, Blocksims claims they were ripped off in response to a social media buzz.

My personal opinion based upon the allegations and my observations to date.

Mr Yar, having sour grapes because he was fired, has chosen to cause financial harm to his prior client buy presenting the clients business as his own under a different name. Mr Yar breached the database of the client illegally and has been reaching out to the clients member database. Mr Yar who has been involved in a number of ICO’s, none successful, does not have the finances nor the experience to be the CEO of an ICO.

Consider this blog post Part 1 of a series as I investigate his associates, Gopinath Krishnamoorthy, Kugan Ausuvalingam, Tarmaraja Padrasono and Muhammad Younas and others associated with his prior ICO endeavors.

TED

 

How will the SEC’s new Cyber Unit effect ICO offerings in the USA?

SEC ICO

I am Ted. The original Ted. And this is the Official Ted Blog.

If you have seen some of the posts I make online about due diligence and my interest into crypto, you can be sure as I move deeper into the cryptocurrency world, that I am going in with my eyes wide open.

In the second from last quarter of 2017 alone, ICOs raised more than $1.3 billion for crypto  — around five times more than subsidizing brought through investment up in the blockchain space.

There were 200 ICO’s in 2017 and at least 1,100 ICO’s in play worldwide now. The majority will fail because most of these ICO’s are fraudulent ponzi schemes. Games are played. The insiders are trading back and forth. It looks just like a penny stock pump and dump operation.

One company that made the news lately is Bitconnect. So many people got in. Mostly greedy Americans that were looking for easy money. It seemed too good to be true from its inception in January of 2017, and it was.

There were so many red flags. Promises of returns were made. It was run anonymously and as I look at it today, it looks more like an investment instrument, and that brings up the SEC.

The SEC’s new Cyber Unit is focused on misconduct involving distributed ledger technology and initial coin offerings, the spread of false information through electronic and social media, brokerage account takeovers, hacking to obtain nonpublic information, and threats to trading platforms. The SEC also has a Distributed Ledger Technology Working Group that focuses on various emerging applications of distributed ledger technology in the financial industry.

This tells me that ICO’s based in the USA are going to be scrutinized and quite possibly, the SEC might see all ICO’s as an investment opportunity that falls within their domain of oversight. That would create new regulations and qualifications wherein the ICO would have to register. This would scare the scammers but the legit ICO’s would then become regulated and the whole point of having a worldwide cryptocurrency outside the international banking swamp would be moot.

And I see the SEC and the IRS sitting back in the weeds, letting the coin build value and at the point they go after any ICO, seizing its assets and leaving the coinholder with nothing.

Overseas ICOs rely on Americans being one of the most active investment groups even to the point of creating MLM network marketing groups to push or mine coins. An MLM should never be the reason to support a specific coin.

I am looking at a number of factors in choosing the ICO with the best chance of success, backed buy a REAL product, with team members I can vet and maybe even restricting sales of the coin in the USA. I am getting very close and will discuss in my next post.

Commercial Loan Due Diligence

Due Diligence

I am Ted. The original Ted. And this is the Official Ted Blog.

There was a time when I was part of a team that was retained by a major California bank to go after post judgement money overseas. Their client, who they commercially funded(in the millions), defaulted on the loan. Judgement was issued by the court however the bank could find very few assets in the USA. They needed to take the hunt for the cash up a few notches as many of these clients were still living the high life. We were hired because of our relationships with international law enforcement and expats retired from the US Government living abroad. We had our methods which were successful in finding the money which would pave a path for our client to collect on the debt.

Throughout this investigative process we noticed a trend. While we investigated the case, we would find pre-existing detrimental data, that had the bank known, they would not have ever funded the loan.

I took our new data to this financial institution and asked them to implement a much deeper due diligence program. I found the loan officers and supervisors were over zealous in funding the loans. They just did not look that deep. If the surface of the package made sense, they pushed it through there funding meetings. Accountants crunch the numbers. Lawyers go over the paperwork. But who was looking deep into the past and civil and criminal issues? Who was looking the integrity of the company and its principals? They adopted our program. However there was this one case…where the LO tried slip one past us.

The VP of commercial funding had seen we had not signed off on the package which made sense considering we were never sent the package for review.

Their client was an aviation equipment company(that is still in business so I will leave their name out of this post). They wanted $2 Million dollars to retrofit a couple of 737 aircraft as island hoppers in Hawaii. The package looked great. And in fact they provided aviation equipment to the US Government and the Department of Defense. They made a forward statement in which they expected to have a continuing income from DoD contracts. Their financials looked great and they did have money in the bank.

Only one problem. A few years before, the company and its CEO were convicted in federal criminal court for defrauding the government. It seems they wanted to win a specific parts contract and they paid off the other bidders to bid really high so that this company could come in at low bid. Part of the conviction included an 8 year stay on this company being able to do business with the government in any way. So how does the forward statement above hold any water?

This is an integrity issue. Did our findings always stop the bank from funding the loans if they make sense in other ways? No and that was not our responsibility. But at least the financial institutions had additional data within their decision making process.

Integrity is everything and as a former investigator when I work with start up companies, IPO’s and ICO’s, I dig deep.