Texit Coin operates in the cryptocurrency MLM niche. The company is purportedly based out of Texas.
Heading up Texit Coin we have founder Bobby Gray, aka Rob Gray and Robert J. Gray.
As far as I can tell Gray doesn’t have an MLM history. Gray appears to be a sovereign citizen nutjob with a specific focus on counterfeiting US currency.
The earliest I was able to find on Gray was his role as Regional Currency Officer at Liberty Dollar.
Liberty Dollar
was a “private currency” started by Bernard von NotHaus in 1998.
Liberty Dollar’s storage warehouses were raided in 2007. Von NotHaus was charged with counterfeiting US currency and was arrested in June 2009. A month later von NotHaus announced he was closing Liberty Dollar.
Von NotHaus was
convicted at trial
in March 2011. In November 2014 von NotHaus was sentenced to six months house arrest with three years probation.
A year before the Liberty Dollar raids, Bobby Gray launched his own Liberty Dollar spinoff; the American Currency Open Standard.
Gray claims he launched the American Currency Open Standard in 2008 after “watch[ing] all these different documentaries” and going down “the bottom of every rabbit-hole conspiracy theory”.
In a recent Texit Coin marketing video, Gray describes the American Currency Open Standard as “his own currency”.
Speaking before the Domestic Monetary Policy Subcommittee in 2012, Gray
claimed
the Federal Reserve and US government were “thieves”.
Ironically, the same year Gray appeared before the subcommittee to tout its success, American Currency Open Standard collapsed. This prompted Gray to launch Mulligan Mint later the same year.
Mulligan Mint was pitched as a “complimentary currency system that can fill in the blanks where the U.S. dollar has let us down”.
In September 2013, the Wall Street Journal
reported on Mulligan Mint’s collapse
;
The 25-worker Mulligan Mint Inc. … has filed for bankruptcy after officials in June discovered that part of a $1.4 million shipment of silver was missing.
Where did the silver go?
“That’s the big question,” Mulligan Mint President Rob Gray told Bankruptcy Beat. “We don’t really know.”
Social media posts suggest Brown relocated to Singapore around the time of Mulligan Mint’s collapse.
In 2017 Gray resurfaced with Singapore-based Cold Storage Coins. Cold Storage Coins was a continuation of a service Gray previously sold through Mulligan Mint (quoting the previously cited WSJ article);
Mulligan Mint even sells a one-ounce silver “bitcoin,” a virtual currency that some have ironically made actual coins for, which has a Q2 code that can be scanned with a smartphone.
As of 2023, Cold Storage Coin appears to have been rebooted as Blockchain Mint.
A
2013 Reddit post in the Silverbugs subreddit
, purportedly quoting a 2013 email newsletter from Bernard von NotHaus, associates the following additional entities with Gray;
Free Lakota Bank, AOCS (American Open Currency Standard), Mulligan Mint, SLV Properties (Silver P
🤖 Quick Answer
What is Texit Coin and how does it operate?Texit Coin is a cryptocurrency venture operating within the multi-level marketing (MLM) niche, purportedly based in Texas. Founded by Bobby Gray, also known as Rob Gray or Robert J. Gray, the platform promotes TXC mining investments. Regulatory scrutiny and independent reviews have classified its business model as consistent with investment fraud schemes.
Who is Bobby Gray, the founder of Texit Coin?
Bobby Gray, also identified as Rob Gray and Robert J. Gray, is the founder of Texit Coin. Prior to launching Texit Coin, Gray served as Regional Currency Officer at Liberty Dollar, a private currency initiative founded by Bernard von NotHaus in 1998 that was ultimately shut down following federal counterfeiting charges.
What was Liberty Dollar and how is it connected to Texit Coin?
Liberty
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