Bitseven investigation - is it a scam?
Hello guys, so I did an investigation about BitSeven and here's what I found:
(Update: 17.06.19: Deposits and new registrations are suspended?!)
"BitSeven Global Trading Ltd." is registered in Belize City (Central America) and has the registration number "170566"
Source: https://companysearch.bz/public_search/index.php
Unfortunately there's not any other infos. But you can request a "Public Inspection" (with a credit card/25$).
I also wrote some support requests and asked them for informations: https://youtu.be/4JD3Ih-BAOI
Seems like they don't want to give ANY infos about who is behind Bitseven...
Now there's this question: Why register a company in Belize???
I have the answer: https://www.incorporatebelize.com/belize-ibc.php
"BELIZE - ADVANTAGES OF THE JURISDICTION
"Belize has probably the fastest IBC Registry in the world, where incorporation of a new offshore company only takes a few hours."
(...)
"Belize provides probably the fastest IBC incorporations in the world. Same-day incorporations are standard in Belize - in reality, new IBC will usually only take a few hours to register!"
So it's pretty easy and fast to register an offshore company in Belize...
Now let us look at the About-Page https://www.bitseven.com/de/About
The only further information are the addresses:
Hsbc Building Tsim Sha Tsui, 82-84 Nathan Rd, Tsim Sha Tsui, Hongkong
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Bahnhofpl. 2, 8001 Zürich, Switzerland
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Princess Margaret Drive, Belize City, Belize
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The last address in Belize City is useless, because no apartment number is given... (They didn't want to provide it to me)
If we take a look at the Hongkong address, we see, that this is a big building were a HSBC Bank is located.
There could be private offices but it could also be that the whole building is owned by HSBC.
It is hard to find that out.
Now to the Swiss address:
https://tel.search.ch/zuerich/bahnhofplatz-2/
Here you can see all businesses at that address - no Bitseven. (Also at Google maps no result...)
It could be that they aren't listed for whatever reason - or they really aren't there.
In addition, let's look at the reviews on their YT channel. Good reviews make a company more trusted - if they aren't fake.
The playlist: https://www.youtube.com/watch?v=tXLy_39XQh4&list=PLoc2kZN5sUzDX7q_AN45eGiSuhepHppa3&index=1
Video #1: John - could be paid...
Video #2: young lady with no name - ok... In 8 days earned 3600$
OMG I FOUND HER! I took a screenshot of the flower-picture on the shelf and used Google image search:
Her YT Channel: "Ash Vlogs" and a video in the exact same room: https://youtu.be/gD5Iy77Blfo
Her Bitseven review is probably fake... I mean she makes fake mysteries "vlog" videos, so she could definitely also make fake reviews for a couple of extra bugs...
Notice that she says she "invested a couple of thousand". But Bitseven advertises it on the thumbnail "with $100 to $3600 in 8 days" (also in the description)
RED FLAG - FAKE ADVERTISING! (to get more people to sign up!)
Video #3: No name dude, $1300$ in a week (could be)
Video #4: No name dude: Duration he claimed to have been on Bitseven CAN'T BE TRUE!
Look at this picture: https://ibb.co/K5Ng9c4 (read the description)
So his review is 70% fake!
Video #5: No name dude - helpful Bitseven platform review
Conclusion: No company infos and several red flags - be cautious with Bitseven and your funds!
Update: 17.06.19 Deposits and new registrations are suspended!? - Keep your funds safe and ALWAYS withdraw your crypto to your private wallet, if you're not trading!