When Texas issued USI-Tech with a cease and desist and provide evidence of external ROI revenue, rather than do so the company hastily terminated operations in the US.
The problem with this decision however was that the US was by far USI-Tech’s largest source of investors, which also meant they were owed the most amount of money.
Unable to pay out their affiliates (that’s not how a Ponzi scheme works), USI-Tech has stalled on the matter since
the decision to run from US regulators
in early January.
This stalling saw the company hide behind the fiction that it was conducting an internal audit to root out fraud.
Perhaps the only thing more unbelievable than a Ponzi scheme supposedly auditing itself to ferret out fraud was the affiliates who went along with it.
A few weeks ago USI-Tech effectively ordered its affiliates to “
shut up or else
“. Hanging in the balance was the millions of dollars US affiliates are believed to have invested.
Having determined enough time has passed, USI-Tech has announced the result of their internal audit charade.
Not surprisingly, from the sounds of it US USI-Tech affiliates are screwed.
The exact findings are now available. A large number of our distribution partners have illegally and in violation of their contracts received additional commissions and monetary claims.
These considerable, fraudulent violations result mainly from unlawful double payments for partner activities via fabricated REBUY, commission payouts via fake multiple registrations, and illegal advertising for the acquisition of benefits.
As a result of this misconduct, the viability and profitability of the active BTC Packages in their current form are no longer feasible.
In order to not excessively jeopardize your costs and expenses for the BTC Packages— considering the aforementioned fraudulent behavior—and in order to spare you a loss, we are unfortunately forced to immediately discontinue the BTC Packages in their current form.
Though we deeply regret doing so, we hereby terminate the contractual relationship through your BTC Package immediately by extraordinary or ordinary termination.
The communication does not single out USI-Tech affiliates or provide specifics as to each case of alleged fraud (again not withstanding
USI-Tech’s entire business is fraudulent
).
In an attempt to justify screwing over their investors, USI-Tech points to its “terms and conditions”.
From a legal standpoint however, a Ponzi scheme’s terms and conditions are not legally binding.
With a bullshit cover story to wipe Ponzi ROI liabilities, USI-Tech is aware that an avalanche of complaints to authorities will be made over the coming week.
After all, invested funds and promised ROIs being held hostage was really the only card USI-Tech had to play with investors.
In an attempt to combat anticipated regulatory complaints, once again USI-Tech are dangling the prospect of returned funds.
Despite the notice of a risk of total loss in our terms and conditi
🤖 Quick Answer
What actions did USI-Tech take after Texas regulatory authorities demanded proof of external ROI revenue?USI-Tech terminated its operations in the United States rather than providing the requested evidence of external return on investment revenue to Texas regulators, subsequently ceasing business activities in the country.
Why did USI-Tech's decision to exit the US market create financial complications?
The United States represented USI-Tech's largest investor base and the source of the majority of outstanding financial obligations to affiliates, making the operational withdrawal financially unsustainable for the company.
What explanation did USI-Tech provide for delaying affiliate payouts following its US market exit?
USI-Tech claimed to be conducting an internal audit to investigate and eliminate fraudulent activities within the organization, using this justification to delay fulfilling financial obligations to its affiliate network.
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