Calen Powell, better known as “Crypto Clover”, was recently invited to attend a World Cryptocurrency International event in Bali, Indonesia.

At the event attendees were told not to film or use electronic devices from within the auditorium, otherwise they’d be booted out.

During a Spanish-language component of the event, Powell went outside into the lobby and shot a quick livestream to discuss what he’d heard.

That raised the ire of organizer of the event, who called security to evict Powell from the premises.

For whatever reason, World Cryptocurrency International appears to not want anyone outside of the company to know why they’re renaming themselves to Fintegri.

Powell claims WCI CEO John Rock (right) told attendees of the conference that the name-change was necessary because banks don’t deal with companies that have “cryptocurrency” in their name.

[3:38] WCI is like, y’know, World Cryptocurrency International.

So what they’ve basically said is they’ve been approaching banks to get funding in a lot of different countries, the US, Singapore, Australia (and) several other countries through south-east Asia.

And if there’s anything with “cryptocurrency” in the title, the banks don’t want to deal with you.

So that’s the reason for the (Fintegri) branding. What they’re doing is they’re changing their branding, from WCI to Fintegri – and they’re also not basically explaining very much about about what they’re doing from the cryptocurrency aspect, so they can get funding from banks.

For those unfamiliar with the company, World Cryptocurrency International started off as
Worldwide Cryptocurrency Investment
.

WCI was founded by former OneCoin scammers, who now appear to have disappeared into the background.

WCI CEO John Rock has his own Ponzi past, having served as Compliance Officer for the Banners Broker Ponzi scheme.

In 2013 Rock was terminated from his position for a supposed
breach of contract
.

Authorities
shut down Banners Broker
and arrested its two admins in 2015.

WCI’s business model is that of your typical cryptocurrency Ponzi scheme.

WCI affiliates invest funds on the promise of an advertised daily ROI. Pyramid commissions are also paid when recruited affiliates invest.

WCI’s investment contracts run 225 to 450 day maturity periods, meaning there’s a good chance that since its 2017 launch, funds to pay ROIs with are running low.

That said applying to banks for loans to cover Ponzi ROI payments doesn’t seem believable, as that would only create further debt.

Powell claims most of the attendees at the WCI event were from Vietnam and the Philippines. Scamming investors from third-world countries with little to no recourse is one thing.

Scamming banks you’ve taken out loans from to cover Ponzi payments however is guaranteed to attract the attention of authorities.

As Calen Powell noted, WCI are being cagey about their purported cryptocurrency operations. This is because what little revenue might be being generated, obvio

🤖 Quick Answer

Why is World Cryptocurrency International rebranding to Fintegri?
According to statements made at a WCI event in Bali, Indonesia, the organization is rebranding to Fintegri because banks perceive the current name as associated with cryptocurrency scams. The rebranding initiative aims to improve the company's credibility and acceptance within traditional banking institutions.

What incident occurred during the WCI conference in Bali?
Attendee Calen Powell, known as "Crypto Clover," livestreamed content from the event lobby in violation of recording restrictions. Conference organizers responded by calling security to evict Powell from the premises, suggesting the organization preferred to keep rebranding details confidential.

What restrictions were imposed on WCI conference attendees?
Conference participants were prohibited from filming or using electronic devices within the auditorium. Violators faced immediate removal from the event, indicating the organization's

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