Back in January we reported on Recycle Bot owner Laurie Suarez ignoring investor withdrawal problems.
Nine months later little has changed. And Suarez is up to his old tricks again.
Considering Recycle Bot, apparently now known as Recycle Bot Crypto Growth Bank, hasn’t been paying out much for the better part of 2019.
That affiliate investors are still trying to withdraw is somewhat remarkable.
From a practical standpoint, the vast majority of funds invested into Recycle Bot wind up in Suarez’s back pocket. A trickle here and there is paid out to affiliates.
As investment dwindles, naturally withdrawals do too. Which brings us to Suarez’s latest social media outburst.
I think it’s time for me to write this post as it is clear that the Workplace lives are not getting through to people.
This platform is not a get rich quick scheme, it is not a tree that bears BTC, nor is it a platform that allows you to become a millionaire with a deposit of 0.005 BTC.
You may think all these things but unfortunately it is not.
I am slowly getting over the daily discussions of withdrawals with people because these people have no concept nor idea of what an investment platform is all about.
They are simply to [sic] absorbed in their own space to care.
I have no idea what Suarez is telling affiliates these days, but the
original Recycle Bot
promised a daily 2.8% ROI for 60 days.
In any event Suarez goes on to lament on how dreadful it is that RBCG Bank investors are trying to withdraw what is represented to them as earned funds.
This morning I had a conversation with a member that was very dissatisfied at the fact that the platform had not honoured his withdrawals.
So, I asked the person, “how much did you invest?” He replied “3K”.
I then asked how much have you withdrawn from the platform, he said, “5K”.
This person has made 2k profit from his investment which is approx. 90% in 12 months and his complaint is withdrawals.
When I asked him, did he plan to invest more into the business he said, “once I get more withdrawals”.
Again I don’t know what Suarez is feeding RBCG Bank affiliates today, but dating back he’s represented external revenue generation via recycling,
Ugandan company deals
,
cloud mining
,
forex trading and arbitrage
.
If any of that wasn’t bullshit, it really shouldn’t matter how much RBCG Bank affiliates withdraw.
If the funds are available for withdrawal in the “Workplace”, they should be readily withdrawable.
Period.
But of course RBCG Bank is a Ponzi scheme and without new investment, sans what Suarez skims off the top, there’s nothing to pay out.
Here’s the problem. 99.9% of our members think that way.
They wake up every morning, go down the rabbit hole to wonderland, turn on their computers … log in … and watch their trees bear BTC.
If their tree is not bearing BTC they get very cross, put on their wizard’s outfit and start to wave their wands with spells and bad fortune.
Back in the land of reality, there is the 0
🤖 Quick Answer
What allegations have been made against Laurie Suarez regarding Recycle Bot Crypto Growth Bank?Laurie Suarez, owner of Recycle Bot Crypto Growth Bank, has been accused of operating a Ponzi scheme. Investors report significant withdrawal problems persisting since January, with minimal payouts throughout 2019. Most invested funds allegedly accumulate in Suarez's personal accounts, while only token amounts are distributed to affiliate investors.
How has Suarez responded to withdrawal concerns from investors?
Suarez has engaged in social media outbursts regarding investor complaints. Rather than addressing withdrawal issues substantively, he has utilized social platforms to respond to criticism, indicating frustration with investor concerns about fund accessibility and payment delays.
What is the operational pattern observed in Recycle Bot's fund management?
The scheme demonstrates a characteristic Ponzi structure wherein the majority of invested capital flows directly to the operator's
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