- Report: #1460230
Complaint Review: Trinity Mining - Panama City Panama
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Author Confirmed
Why?
Trinity Mining
28th Floor, Tower Financial Center, 50th Street and Corner of Elvira Mendez Street Panama City, Panama, Panama
Web:
https://trinitymining.tech/
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Trinity Mining trinitymining.tech trinitymining Don't be scammed Ponzi scheme alert Panama City
Trinity Mining provides no information on their website about who owns or runs the business.
The Trinity Mining website domain (“trinitymining.tech”) was privately registered on February 15th, 2018.
A corporate address in Panama is provided on the Trinity Mining website. Further research however reveals the address actually belongs Regus, meaning it’s virtual in nature.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Trinity Mining has no retailable products or services, with affiliates only able to market Trinity Mining affiliate membership itself.
Trinity Mining claim to generate external ROI revenue through cloud mining operations in Portugal.
Specific cryptocurrencies Trinity Mining claims to mine are bitcoin, bitcoin gold, ethereum, litecoin and zcash.
Unfortunately Trinity Mining provide no evidence of mining operations or external revenue being used to pay affiliates.
As it stands the only verifiable source of revenue entering Trinity Mining is new investment.
Using new investment to pay existing affiliates an annual ROI makes Trinity Mining a Ponzi scheme.
Additional elements supporting this are Trinity Mining’s withdrawal fees and lack of disclosure regarding company ownership and management.
Withdrawal fees make no sense if Trinity Mining was in fact actually mining cryptocurrency.
One of the core benefits of cryptocurrency is the ability to transfer funds between holders at little to no cost.
The MLM cryptocurrency niche is rife with fraud; such that if a company is unwilling to disclose basic information, it’s a safe bet nothing presented to potential investors is legitimate.
Trinity Mining ticks all of the boxes for your typical MLM cryptocurrency Ponzi scheme.
The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.
When Trinity Mining inevitably collapses, best of luck recovering your funds from a virtual address in Panama.
