If a Crypto Developer has ever Extorted Your ICO, Talk to me

While the SEC’s of the world along with Interpol and other worldwide police agencies investigate fraudulent ICO’s, I am focused on the companies that support the ICO’s.

ICO’s originate a number of different ways. Some are outright scams and ponzi schemes run by cyber criminals, usually outside of what we might call western countries. Asia and Eastern Europe seem to be the strongholds of cryptofraud. These organizations operate like well oiled machines pumping out new ICO’s as their old ICOs no longer generate revenue for them.

Then you have legitimate business people that want to launch a coin/token in relationship to the products and/or services they offer. Some are really good ideas and have legs. Some are being floated by fortune 100 companies.

Once you decide to move forward with your ICO, you need to hire an experienced crypto-developer to build out the internal structure of the coin/token. This would include the back office, bounty/air drop programs, Telegram marketing, accounting systems, payment systems, establishing the token/coin with the exchanges, website, e mail system, reviews from crypto advisors, reviews in the ICO trades and more.

Most of these crypto dev partners are located in Asia and Eastern Europe. Most are experts in their field however some of these experts are more then willing to screw over their clients in a heartbeat. In addition to the two cases I have been investigating, I have heard horror stories from ICO’s that were extorted for additional payments upon completion or outright robbed by the contractor they hired to build out their ICO once the coin value got to a certain point. I will get into the details of how they rip off their clients in my next post.

If you have ever been ripped off or extorted by your ICO developer, I would ask you to fill out the form below. I am doing a number of things with this data.

1) I have been asked to write an article for a major financial publication and I need this data for my research. All data will remain confidential unless you give me permission you use the name of your ICO, partners, etc.

2) I want to create an investigative database that I will give law enforcement access to.

3) With proof that you would provide, I will consider going after the offender publicly in my blog and presenting a package to the law enforcement agency with their jurisdiction.

Again, I will hold your data confidential unless there are specific elements I can discuss publicly. Thanks for your input.

ICO Dev Complaints

  • Please write in as much detail as possible. The overview, names of people and companies. When this happened. The resolution if any to the issue. And what you would authorize me to do with this information.

TokenGet responds to the allegations by Mobilink-Coin

TokenGet

This morning, TokenGet countered in an effort to discredit Mobilink-coin. Only problem is, after all the fluff, it really holds no water. Their headline alone if true, would incriminate themselves.

I published a post earlier today with my observations on the allegations of theft by TokenGet. Please review to understand the context of what I am about to explain.

I asked to review 100% of the chats and e mails between Mobi and the TokenGet/Blockchain Mob. NEVER was there any communication between the two companies wherein TokenGet accused Mobi of being a scam. Not once.

There was a dispute over payment from the request of the extension. That was it. Then after the cloud was locked out and the millions of coin was stolen, TokenGet issued their statement accusing mobi of being a scam to cover their asses.

If Mobi was a scam, the headline on the TokenGet counter attack would place 100% of the alleged scam on the company that designed the token in the first place. TokenGet.

It’s also funny that Tokenget is asking for the staff of Mobi to identify themselves when their staff is represented by cartoon characters.

TokenGet

And on their sister site, BlockchainMob

BlockchainMob

Who are these folks? Viktor Petrov, Stoyan Josifov, Pavlin Genove, Veliko Minkov, Ivaylo Uzunov, Georgi Hadjiev, Maggy Ilieva, Kostadin Cherkezov, George Alexiev, Karen New, and Nashwan Khatib.

At the end of the day, I am alleging that TokenGet intentionally harmed Mobi and made up a cover story to hide the fact they chose to defraud Mobi in retaliation of the failure of their payment negotiations.

And if the contracting agreement was with TokenGet why is the Mobi logo appearing on the blockchainmob website? I see the e mails are from blockchainmob.

Also, I am looking into possible threats against, and the harassment of well known ICO advisors who had given Mobi a top rating and in the last couple of days, downgraded their opinions. hard to believe that the victim of the alleged theft of tokens would warrant this change.

 

Crypto Cartels in Sofia, Bulgaria. ICO and ICO Developer Fraud

Bulgaria ICO Fraud

I am Ted the original Ted, as you know I am former secret squirrel.
It has been very rewarding to be part of and experience the Changes in Eastern Europe over the Last decade.

I have been in contact with my personal friends in the intelligence community in Bulgaria and there is an interesting development in Sofia, Bulgaria regarding what I like to refer to as a network of Crypto-Cons.

While investigating Sheyhar Yar a proven cyrpto fraud and Con man, I uncovered evidence that he was part of a organization named Jokers 20.

I and others have been following this trail which has led to Sofia, Bulgaria.

In January of this year, ONECOIN was raided in Sofia as a ponzi scheme and its servers were shut down though the fraudulent coin remains operational.

 

Along with fraudulent ICO’s in Bulgaria, there have been complaints regarding ICO developers that provide services to ICO’s worldwide. They are based in Sofia, Bulgaria. They build out your back office. They structure your token system. Then at the point you are about to go live, they try to lock out the ICO and steal your money. Or they threaten to trash you on the internet if you do not pay them cash.

One of these companies has come up on my radar. They tried to extort their client after a failed attempt to steal the millions of real dollars that was raised just prior to going live on some of the largest crypto exchanges in the world.

The suspect participants in this company happen to be tied to a prominent software developer.

This fraud is bigger then the fraud attempted by Shehar Yar, a lowly goat herder who tried to defraud many companies as an ICO developer.

Bulgaria was the wrong place to conduct fraud within my sphere of influence there at the highest levels of government. This investigation will be much more interesting. Stay tuned…

Did Mobilink-coin get screwed over by a dev in Bulgaria or was it incompetency?

Tokenget

Tonight an e mail went out from Mobilink-coin to its investors:

Dear MOBILINK-COIN Investor,

We have very important information to share with all our investors. This affects all Token holders.

The MOBL Token was created by a company in Sophia, Bulgaria, who provided our turnkey ICO Backend Solution. Unfortunately, there was a misstep in that the Token was unverified, unaudited, and MOBILINK-COIN was not aware of this to resolve it in time.

The MOBL coin will be listed on a minimum of four (4) exchanges in May 2018. To be in compliance with the major Exchanges, we needed to restructure and re-issue the Token. This is required for MOBILINK-COIN to have full control over its audit and verification. We know you will support us in ensuring compliance is in order and that your investment is kept safe. The current Token Contract will be abandoned, and a NEW Contract has already been created.

At this time, investors are unable to log into their back office on the platform. We have record of all investors’ Tokens and will be providing what is due each investor directly into their own wallet. We will provide you with further information and instructions as soon as possible.

Thank you for your understanding.

This is so sad. I personally know the principals of Mobilink-Coin. Based upon a positive endorsement, they hired a company in Sophia, Bulgaria to build the back office for Mobilink-Coin. I don’t have all the details yet but allegations have been made to me about this ICO programming team that I am not at liberty to share at this time.

My only question is whether this was incompetence on the part of this dev, a oversight that did not audit the MobL or a powerplay to extort Mobilink-coin.

Maybe it was just an honest mistake and has nothing to do with Shehar Yar and his efforts to try to destroy one of the most legit ICO’s on the market. I do know however, if there was any alleged fraudulent intent whatsoever, I will devote my time to turn over all the rocks and find and identify all the snakes, clowns and jokers.

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.

 

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

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.