As a result of a lack of communication from USI-Tech management, the rumor mill went into overdrive over the weekend. Were secret negotiations going on between the SEC and USI-Tech? And bearing in mind an SEC investigation has yet to even be confirmed, there was also one about the SEC dropping its master coin pool mining bitcoin due to a lack of evidence.
All par for the course when a Ponzi collapses and nothing those who follow the MLM underbelly haven’t seen before. Let’s take a deeper look into each of them. Despite being readily available at the drop of a hat to appear in video announcements prior to the Texas cease and desist, of late USI-Tech management haven’t shown their faces. Instead affiliate communication is occurring through carefully scripted backoffice announcements.
Earlier today USI-Tech sent affiliates a new backoffice communication, announcing the formal suspension of ROI and commission withdrawals. Until these investigations are completed, we are barred from making any payments to prevent additional abuses. It seems that up until the Texas Securities Board sent them a cease and desist, USI-Tech had no problem with turning a blind eye to fraud going on inside the company. Tellingly, no time-frame is given for completion of USI-Tech’s investigations. This raises the prospect of ROI and commission withdrawals for US and Canadian USI-Tech affiliates being suspended indefinitely. Putting aside the fact that every payout in a Ponzi scheme is unlawful, presumably the affiliates USI-Tech are threatening are based in the US. At best they can file a civil suit claiming damages.