Vortic United
was a Boris CEO Ponzi scheme that
collapsed
back in August.

Believed to be run by Russian organized crime interests in Turkey, Vortic United was fronted by Rene Schwartz.

On the run from authorities in Gambia
, Schwartz played fictional Vortic United CEO Jensen Robles.

Today there’s no mention of Jensen Robles on Vortic United’s website. Offsite, everything except Vortic United’s Telegram group has been deleted.

In an attempt to discourage investor complaints, Vortic United announced a “Vortic” reboot on October 6th.

The Vortic reboot is purportedly to be run through a new shit token.

All clients will get their current account balance + their current active package value (100% of it not just 80%) added to their exchange account.

By creating tokens out of thin air, Vortic is able to create the illusion of backoffice balances that don’t exist.

The tokens will represent shares of the exchange and token holders will get a share of the revenue created by transaction fees from trades.

Naturally tokens will be locked, with nobody able to cash out (can’t cash out money that doesn’t exist).

Here’s the best part though; Vortic isn’t going to launch until April 15th, 2024. And affiliate backoffices won’t be available till June 1st.

Realistically an August 2023 collapse means plenty of time has passed to launder invested funds and do a runner. The Vortic reboot seems to only be a thing to discourage complaints to regulators.

For the most part, Vortic United investors appear to have accepted their losses and moved on. SimilarWeb tracked just ~54,000 visits to Vortic United’s website in October 2023.

Not expecting any further updates but if there are any we’ll keep you posted below.

🤖 Quick Answer

What was Vortic United and why did it collapse?
Vortic United was a cryptocurrency investment scheme allegedly operated by Russian organized crime interests based in Turkey. The platform, fronted by fugitive Rene Schwartz under the alias Jensen Robles, collapsed in August after being identified as a Ponzi scheme that defrauded investors of significant capital.

How did Vortic United attempt to recover after its collapse?
Following the August collapse, Vortic United announced a "Vortic" reboot in October, proposing to migrate operations to a newly created cryptocurrency token. The company promised to credit clients' account balances and active package values to exchange accounts as compensation for losses.

What evidence suggests the reboot strategy failed?
The reboot initiative appeared unsuccessful as Jensen Robles' identity was removed from official channels, most digital platforms were deleted except Telegram, and the token-based recovery model l

🔗 Related Articles

- Empic Review: HYIP Customize Ponzi scheme
- Beurax emphasizes why ASIC registration is meaningless
- Arkbit Review: Boris CEO crypto mining Ponzi scheme
- Bavarsis Review: Arbitrage ruse Boris CEO Ponzi scheme
- GreenGold Review: Bitcoin “we plant trees” Ponzi scheme