It’s not hard. “Recruitment slowed down. We ran out of money and unless you go out and lure new suckers in, we can’t pay you.”

Despite dragging Mining City through
multiple exit-scams
, owner Eyal Avramovich refuses to admit his Ponzi scheme has collapsed.

Investors continue to be left hanging, with future withdrawals the ever perpetually dangled carrot.

A few weeks back Avramovich held a webinar to address the collapsed state of Mining City.

Naturally it went down like a ton of bricks.

Mining City is run through MineBest. Avramovich (right) owns both companies but appointed former MineBest employee Greg Rogowski (aka Grzegorz Rogowski) as CEO.

Rogowski has been MIA for the past five months or so. This was explained away early on by way of Rogowski allegedly having a heart attack last November.

[9:20] 
Avramovich:
Greg actually experienced a real heart attack, unfortunately. Almost four months ago?

Rogowski: 
At the beginning of November.

This left Avramovich to run the webinar.

[25:31] People are asking, “What’s going on with Mining City?”

I see people they lost money. It’s very painful for us. We made mistakes.

I made mistakes. I apologize. I didn’t run away, I take responsibility. I didn’t steal your money guys. I’m not rich.

And so came the excuses…

Nobody in Mining City had MLM experience

[11:12] I would say Mining City experienced several challenges with going up very fast.

Greg and I, we didn’t have experience with the multilevel marketing, and we relied a lot (on) the top leaders that joined first. How to build the system.

[43:24] This business model of MLM, (you) need to do it in a very very careful way.

We didn’t have experience in how to do it. And also the leaders that helped to shape the system, they didn’t have experience from the inside of the company. How to build it correctly.

Blaming Mining City leaders

Aval Avramovich isn’t a fan of Mining City’s leaders. They do however make a convenient scapegoat for the lack of updates.

[2:30] (For a) long time we communicated many things … with top leaders of Mining City, and apparently the information in the last month are not going down to the rest of the community.

And many people came and said, they don’t know anything, why are you so quiet? But actually we are talking at least once a week with the top leaders … but you can see that they are not delivering the messages.

[12:59] People are asking, “Is this a scam? Is this an exit-scam?”, because many things are not communicated.

Mining City’s leaders also apparently to blame for halted withdrawals.

[11:58] Mining City has some kind of compensation plan … the system pays more and more commission.

Greg communicated this with top leaders for years but leaders didn’t approve the right solution I would say.

And the system overload paid hundreds of millions of dollars to leaders.

And people here are saying “no commissions received”. They’re talking about three years of life of the company that paid hundreds of mil

🤖 Quick Answer

What is Mining City and who operates it?
Mining City is a cryptocurrency investment platform operated by Eyal Avramovich through the company MineBest. The scheme has faced multiple accusations of being a Ponzi operation, with Avramovich appointing Greg Rogowski as CEO while maintaining ownership control of both entities.

Why did Avramovich hold a webinar in recent weeks?
Avramovich organized a webinar to address concerns regarding Mining City's collapsed operational state and investor complaints. The webinar aimed to communicate with increasingly frustrated investors about the platform's financial difficulties and payment delays.

What challenges has Mining City experienced?
Mining City has encountered recruitment slowdowns and financial depletion, making it unable to sustain investor withdrawals without continuous new member recruitment. The platform has allegedly conducted multiple exit-scams, leaving investors unable to access their funds.

Where is CEO Greg Rogowski currently?

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