The Trust Investing Ponzi scheme has collapsed.

Rather than just admit the scheme ran out of investor funds to pay out, CEO Diego Chaves claims the company was hacked.

While Trust Investing appears to have ties to Russia, Diego Chaves is believed to be based out of Spain.

Having just covered
Spain’s Trust Investing securities fraud warning
issued in April, I went digging for clues on Chaves current status.

That led me to Trust Investing’s official FaceBook page, on which I was able to piece together Trust Investing’s collapse.

Trust Investing appears to have begun collapsing in late 2021. The first sign Trust Investing was on the rocks was the introduction of “Truster Coin” in mid 2021.

MLM crypto Ponzi schemes typically introduce native shitcoins as part of their exit-scam strategy. Initially presented as an alternative withdrawal method, eventually the scam switches to only paying out in its shitcoin.

TrusterCoin was officially launched in October 2021. Trust Investing also launched TrusterExchange, granting them tighter controls on affiliate withdrawals.

Between TrusterCoin’s announcement and launch, Trust Investing implemented withdrawal restrictions in tether.

I don’t have a specific timeline for this but in November 2021, Chaves announced restrictions in place would be easing.

GOOD NEWS: Starting today, 11/04 your withdrawal limit will increase to 35,000 USDT and this limit will be weekly.

That reprieve was short-lived. Sometime in late November or December 2021, Trust Investing pulled a “we got hacked!” exit-scam.

Chaves claimed hackers made off with $800 million and a 90 day audit was immediately announced.

This is of course all baloney to cover up Trust Investing collapsing.

On March 4th Chaves announced the fictional audit had been completed.

As everyone has received the news, our audit came to an end on February 28, 2022.

After three long months of very hard and constant work. We’re done within 90 days.

We’re getting a lot of new information that’s astonished us. Many, given the volume of resources involved in this hack.

Unfortunately, the impact was very strong. It is important to note that this huge theft that we had, allowed us to manage our company with transparency and seriousness during all three months.

Better than that, the company continues to grow and structure itself with new businesses such as Trust Energy.

“Trust Energy” appears to be a fictional marketing ruse Trust Investing came up with in 2021. “Trust Recycle” is another one.

For all this, as we have already said, we will need fifteen working days to be able to validate the data that the auditing company is providing us.

We will rely on this clear way to be able to formulate a structuring plan for all our Trusters. And we will make all payments through a coherent restructuring plan to all our affiliates.

We will have another communication on this topic from March 21.

To avoid backlash, Trust Investing disabled feedback from investors on all it

🤖 Quick Answer

What is the Trust Investing Ponzi scheme collapse?
Trust Investing, a fraudulent investment scheme with alleged Russian ties and CEO Diego Chaves based in Spain, collapsed in late 2021. Rather than acknowledging fund depletion, Chaves claimed a hacking incident. The scheme introduced "Truster Coin" in mid-2021, a typical exit-scam strategy for MLM cryptocurrency Ponzis, preceding its official collapse.

Why did Trust Investing introduce Truster Coin?
The introduction of native cryptocurrency tokens like Truster Coin in mid-2021 represented a common exit-scam strategy employed by MLM-based Ponzi schemes. This tactic typically precedes the operator's disappearance with investor funds and serves as a transitional mechanism before the scheme's final collapse and liquidation phase.

How did authorities identify the Trust Investing fraud?

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