Crypto Scam Report

QubitTech appears to be the end-result of Greg Limon’s failed escapades as a “cryptocurrency expert”. QubitTech represents that it generates external revenue via “algorithmic and manual trading methods”. A box on the company’s website pitches a daily average 1.77% ROI. No evidence of QubitTech engaging in trading of any kind is provided. Nor is there any evidence QubitTech is paying returns with any other source of external revenue. Being a passive investment opportunity, QubitTech’s MLM opportunity constitutes a securities offering. In order to operate legally, QubitTech would thus need to register its securities offering with financial regulators. QubitTech provides no evidence it has registered its securities offering with a single financial regulator. Thank includes the FSA in Estonia, which is where QubitTech pretends it is based out of. At a bare minimum QubitTech is committing securities fraud and operating illegally. Given this, QubitTech’s claim that it was “established in strong compliance with existing legal regulations” is laughable. Upon consideration QubitTech has no verifiable sources of external revenue to pay returns with, the company also operates as a Ponzi scheme. As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment. This will starve QubitTech of ROI revenue, eventually prompting a collapse. The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money. STAY AWAY!