Wind Wide Coin Scam

Texas Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order on May 15 to stop the Wind Wide Coin scam, an entity that says it is based in Houston, from fraudulently offering investments in a cryptocurrency trading program.

The order alleges that Wind Wide Coin and three sales agents in Houston are offering for sale investments in a cryptocurrency trading program that uses an “automatic trading bot.”

Here is what the Wind Wide Coin scam says about themselves:

Wind Wide Coin (WWC) is a company legally registered. We offer our investors from around the world favorable conditions to earn in the market of private crypto-currency investment and trading. The company was founded by an investor and Financial Data Security manager, with a team of over 35 years’ collective experience building and managing trading and back office systems for world-class trading companies. Our objective is to become a market leader in the Cryptocurrency Capital Market by providing services that accept bitcoin as a valuable asset that can be used to generate a return. We deliver these services with a focus on customer care not generally found in digital currency companies.

Wind Wide Coin (WWC) is committed to assisting our customers meet their financial objectives for their digital currency portfolios. Our systems are built using bank grade technology and security and are housed in Financial Grade Tier III Data Centres with failover capability. Our processes are designed to assure the privacy of our customers alongside the security of their assets. Our professional team of traders is ready around the clock to provide you a steady income, your only effort is to invest in our investment platform. Our company offers a highly profitable investment for everyone with a simple investment interface to make investment easy.

As a result of the innovative structure, bitcoin & ethereum are extremely volatile, making them the best currency to add to your portfolio. Our bitcoin & ethereum trading professionals and our automatic trading bot constantly watch the markets and trade when coin prices are slowly decreasing. Once we have achieved our set goals or when the market prices rise, we begin to sell off the coins at a much higher rate.

The company is promising investors the combination of “no risk” and extraordinarily high returns. The purchase of 0.10 of bitcoin, for example, will return 1 bitcoin 24 hours later, a one-day return of 900%.

Wind Wide Coin’s marketing extends to a rotating sequence of celebrity and political endorsements. The company’s website has featured a photograph of Jennifer Anniston, but identified her as “Kate Jennifer,” an investor.

Similarly, a photograph of Prince Charles was identified as “Mark Robert,” another investor who provided a testimonial. The testimonial was then attributed verbatim to a “Johnson Smith,” supposedly a U.K. investor.

Wind Wide Coin represents that its Houston office is in an office building at 5015 Mitchelldale, 77082. There is no building of any kind at that location.

According to the order, Wind Wide Coin is misleading potential investors by claiming it is a “licensed company” and “legally registered.” Neither the company nor the sales agents named in the order are registered to sell securities in Texas.

Wind Wide Coin is touting the success of its trading bot, but it also is providing information that returns paid to investors are tied to the principal deposit, not the success in trading cryptocurrencies.

The company offers different levels of investment, starting with “Baby” and moving up to “Standard,” “Premium,” “X-Boost” and “Ultimate.”

The “X-Boost” plan, according to information on the company’s website, requires a minimum investment of 1 bitcoin and returns 4 bitcoin to the investor in four days. The price of 1 bitcoin was $8,688.47 at the close of trading May 14.

Wind Wide Coin is providing no material information about how its trading bot operates or the background of its principals and trading professionals.

Nor is Wind Wide Coin disclosing to investors the numerous regulatory and market risks in bitcoin and other cryptocurrencies investing. –  Source

Here is one of the complaints filed about the Wind Wide Coin scam:

Their website claimed a return on investment. I invested .03 Bitcoin for a return on investment of  .1 Bitcoin in 24 hrs. They totally made a few mistakes on my investment and tried to hack my account. After a day or so, I did get some help or I thought it was help, claiming they would fix their mistake. I trusted their customer service and word that they would return my investment. Instead they convinced me to invest .3 BTC for a return of 1 Bitcoin. This business it a  scam and will continue to steal money from Americans.