Laurie Suarez, the owner of Recycle Bot Crypto Growth Bank (RBCG Bank), has publicly expressed frustration with investors demanding their funds, confirming the operation’s likely status as a Ponzi scheme. Investors have reported persistent withdrawal issues since at least January, with minimal payouts throughout 2019. Most invested capital reportedly ends up with Suarez, while only small amounts are distributed to affiliate investors.
Suarez’s recent social media posts reveal his exasperation. He states, "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." He dismisses the idea that RBCG Bank is a get-rich-quick scheme or a platform where users can become millionaires overnight.
The original Recycle Bot promised a daily 2.8% return on investment for 60 days. Suarez now laments that RBCG Bank investors expect to withdraw funds they believe they have earned. In one instance, Suarez described a conversation with an investor who had put in $3,000 and withdrawn $5,000, a profit of roughly 90% over 12 months. This investor’s complaint was about not receiving further withdrawals.
Suarez has historically cited external revenue streams such as recycling, Ugandan company deals, cloud mining, and forex trading as the basis for his operations. If these revenue streams were legitimate and generating actual profits, the ability to process investor withdrawals should not be an issue.
However, RBCG Bank operates like a Ponzi scheme. Without new investment to cover existing payouts and Suarez’s own withdrawals, there are simply no funds available. Suarez describes his members as living in a fantasy, expecting their investments to magically grow without understanding the underlying financial mechanics. The reality is that the scheme collapses without a constant influx of new money.