Following
confirmation its BTC Packages were unregistered securities
, USI-Tech announced it was
abandoning the US and Canada
back in early January.

Turns out that was baloney, with USI-Tech once again announcing it is abandoning the US and Canada a few days ago.

In a
communication to investors
on or about April 2nd, USI-Tech wrote;

We regret to announce that USI-TECH will no longer operate in the US and Canada due to active participants continuously promoting our products and services incorrectly.

With immediate effect we will no longer accept new registrations or purchase of products and services within these jurisdictions.

Back in January USI-Tech cited how affiliates were marketing the opportunity as reason for the shut down.

Three months later it’s the same story.

Obviously the problem isn’t that USI-Tech is a Ponzi scheme, it’s how investors are promoting the Ponzi scheme that’s causing issues with regulators.

Which of course is the same line of thinking that saw USI-Tech confidently declare their
BTC Packages weren’t a securities offering
.

Didn’t work then, won’t work now.

What I’m not getting is USI-Tech latest announcement seems to be the same as their earlier January one.

The company has previously
vowed to repay back investors with newly invested funds
, which for some is reportedly going to take decades (new investment tanked when USI-Tech collapsed in January).

That’s a Ponzi promise the company insists it’s keeping;

All active participants within the US and Canada who have purchased our services and products will continue to receive payments in accordance with the terms which accompanied those original purchases, as discussed in our most recent newsletter.

So with nothing really changing since January and investors still screwed, what was the point of USI-Tech’s latest announcement again?

No idea.

Over the past few weeks several prominent USI-Tech investors have abandoned ship. The most notable of which were James Lockett and Michael Faust of “Digital Tycoons” notoriety.

Courtesy of “The Ponzi Show”, here’s an update on how that’s all playing out;

(Ozedit: see update below)

Stay tuned…

Update March 30th 2020 – 
Since publication of this article, Digital Tycoons took down the referenced video with a YouTube copyright claim.

Clips used were clearly fair use, so chalk it up to Digital Tycoons not being above YouTube copyright abuse.

🤖 Quick Answer

What was USI-Tech's stated reason for withdrawing from US and Canadian markets?
USI-Tech cited continuous incorrect promotion of its products and services by active participants as the primary reason for abandoning US and Canadian operations, announcing the decision in early January following confirmation that its BTC Packages were unregistered securities.

Why did USI-Tech's January withdrawal announcement prove ineffective?
Despite abandoning US and Canadian markets in January due to affiliate marketing issues, USI-Tech reiterated the same withdrawal announcement in April, indicating that the initial measures failed to prevent unauthorized promotional activities by participants in those jurisdictions.

What regulatory compliance issue triggered USI-Tech's market exit?
USI-Tech's BTC Packages were confirmed to be unregistered securities, prompting regulatory concerns that led the company to cease operations and cease accepting new registrations in the United States and Canada to address compliance violations.

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