Inside days of founder Andrey Khovratov’s arrest in Russia final month, EvoRich introduced a partnership with Bobcoin.
Now EvoRich affiliate buyers are being ushered into Bobcoin, which for all intents and functions has morphed right into a exit-scam offramp.
Bobcoin is constructed round Bob Eco Ltd
with the objective of inventing an electrical bike that was highly effective, lovely, and with zero emissions.
What does that should do with cryptocurrency?
Nothing. It was simply an an excuse to launch a shitcoin final yr and revenue. And so we’ve bobcoin (BOBC).
After insiders have been preloaded in over the previous yr, BOBC started publicly buying and selling in March 2022.
BOBC adopted the everyday shitcoin public pump and dump trajectory…
…till Khovratov’s arrest and the transition over from EvoRich. Now BOBC is being propped up by determined EvoRich buyers.
You may see early BOBC buyers cashing out a number of occasions within the chart above after April third.
Bobcoin and Bob Eco Ltd are run by Bob Ultree.
Ultree relies out of Dubai, the MLM rip-off capital of the world. Bobcoin Eco Ltd is represented to be a Hong Kong shell firm.
Seeing as Khovratov was apprehended at an airport, he doubtless knew of his pending arrest. Or on the very least knew he and EvoRich have been underneath investigation.
To that finish plans to combine Bobcoin into the EvoRich Ponzi scheme started mid March, or not less than that’s the official timeline being pushed out.
As per a March twenty sixth Bobcoin “announcement”;
Expensive Evorich Member,
We, on the request of Mr Andrej Khovratov, have the honour to carry you the excellent news he introduced final Saturday, 19 March 2022, in the course of the closed assembly;
In March 2021, Mr Khovratov privately invested in Bob Eco by buying BOBC Tokens. He purchased a million tokens for $0.30 per Token.
This means Bobcoin insider token preloading started effectively earlier than the early 2022 public launch. It’s value noting Bobcoin’s public web site area (“bobcoin.eco”), was solely registered on January twenty sixth, 2022.
Charity Socks BV is listed because the proprietor, by means of an incomplete tackle within the Netherlands.
Charity Socks BV seems to be some failed charity initiative, presumably run by Bob Ultee.
Charity Socks’ web site has been deserted. The final publish on the corporate’s official FaceBook web page is dated February 2021, across the time bobcoin was purportedly created.
As we speak Charity Socks BV seems to be nothing greater than a Dutch shell firm.
To what extent funds invested in bobcoin may be laundered by means of Charity Socks BV is unclear.
As anticipated, the event of the Bob undertaking went very effectively and even past everybody’s expectations. The worth of Bobcoin Token rose to nearly $ 11.00 inside a quick time period.
Will need to have been terribly temporary, CoinMarketCap’s ATH for BOBC is $3.89.
Mr Khovratov requested the administration of Bob Eco and the STO-CAP if he would be capable to divide his funding (Bobcoins) over his members by placing his private funding into the WCRU International Funding Portfolio.
For the reason that cash are his, he’s free to do that. We’d be completely satisfied to welcome all Evorich members as prospects/members/buyers on the STO-CAP!
All Evorich members will obtain an e-mail from the STO-CAP with their login and password within the coming weeks. After login in, you’re going to get your Bobcoins in your pockets.
WCRU, EvoRich’s nugatory Ponzi factors, are being transformed to BOBC at a 2550:1 trade fee.
Through the first months and the discharge yr, all Bobcoins on the STO-CAP are subjected to a defrosting schedule to stop dumping on exchanges.
STO-CAP is what Bobcoin calls its inhouse crypto wallets. It primarily capabilities as the corporate’s backoffice.
Sadly for EvoRich buyers shifting over to Bobcoin, they’ll have to take a seat idle and watch insiders money out.
If recruitment of recent gullible buyers doesn’t sustain, they’ll then be left bagholding one other nugatory token.
Zooming out, Bobcoin is successfully EvoRich and Khovratov’s exit-scam.
Khovratov has been ordered detained till Might tenth. It’s unclear what occurs after that.
Both Russian authorities will make an instance of him, or palms will likely be greased and he’ll flip up in Dubai or another crime haven sooner or later.
Russian sanctions presently in place would possibly delay any plans significantly.
In the meantime over within the Netherlands, native media are asking uncomfortable questions.
In keeping with Bob Eco’s web site, 3271 mopeds and bikes have really been delivered, a quantity that has not been modified because the finish of November.
One other 81,000 items are stated to be within the pipeline. In keeping with Ultee, this requires cautious planning, as a result of the mopeds and bikes are pushed inside three months of manufacturing on the newest, in any other case the battery will likely be damaged.
He would additionally should take care of customs clearance issues, as a result of there isn’t any good code obtainable at customs in Africa.
That might clarify why the variety of mopeds on the highway has not elevated since November.
Quote goes onto level out bobcoin’s unreported marketcap, which Ultee defined away “on account of ‘the algorithms’”. This in fact is senseless.
Quote’s earlier protection of bobcoin noticed Ultee take them to court docket.
On 2 factors he discovered the choose on his facet. The choose dominated that we had wrongly instructed within the article in query that Ultee had had no or hardly any mopeds produced.
We additionally concluded too shortly that United Nations subsidiary Unitar has by no means heard of Ultee or his group.
Though we’ve lodged an enchantment towards this judgment, you will see that a correction in our April subject.
We have been, nonetheless, in the best on different factors. For instance, the court docket doesn’t take into account it illegal that we made the comparability with OneCoin, the place buyers noticed their cash evaporate and have been left dissatisfied.
OneCoin in fact wants no introduction. And definitely bobcoin tying itself to a Russian Ponzi scheme strengthens ties to suspected fraud.
Keep in mind, Bobcoin claims Khovratov was an early investor who bought in March 2021 – a yr earlier than something was made public.
What the bobcoin transition means for EvoRich as an organization going ahead is unclear. WCRU is lifeless…
…with Bob Ultee and Bobcoin being positioned as new custodians of the EvoRich investor base.
For Bobcoin, the journey has simply begun. We launched the coin 2-3 weeks in the past on a number of exchanges, and within the following weeks, extra exchanges will likely be added.
Bobcoin is presently publicly buying and selling between $1.50 and $2.00. Earlier than summer season, the worth is predicted to maneuver to $10-20 and the top of the yr to $50.00.
So far as I can inform there’s no MLM construction hooked up to Bobcoin, not less than circuitously.
This implies our protection will doubtless finish right here – pending additional particulars of Khovratov’s legal case in Russia.
If Khovratov makes it out of Russia there are two quick prospects:
- Khovratov will likely be reintegrated into Bobcoin and resume operating the present; or
- Khovratov will disappear to take pleasure in what he’s stolen by means of Skyway and EvoRich over time.
Language limitations are important right here however I’ll attempt to observe what occurs.
