The collapse of Alex Reinhardt’s PLC Ultima Ponzi prompted him to introduce PLCUX.
The third Ponzi revival by Reinhardt is PLCUX.
The central component of Reinhardt’s PLCUX investment plan is the “Ultima Farm” app download.
-Make a Farm Wallet and deposit money into it;
Join a smart contract;
-Equal quantities of coins will be minted for your farm each month!
Private registration of the PLCUX website domain (“plcux.com”) took place on June 20, 2022.
On PLCUX’s website, there is no mention of ownership or executive information. Alex Reinhardt goes so far as to deny leading the Ponzi scam.
A trademark owned by PLATINEX Limited Liability Company is PLCUX. Its usage in no way suggests a relationship with or sponsorship by it.
Reinhardt uses the Georgia-based shell business Platinex to carry out his many cryptocurrency Ponzi schemes.
PLCUX identifies itself as the following on its website.
a continuous profit solution built on smart contract technology for you that guarantees regular and consistent minting every month!
Funds invested in the PLCUX app are committed for 12 months.
This time, Reinhardt is preventing investors from seeing the deception in plain sight. A token called PLCUX is linked to a smart contract.
On PLCUX’s website, no specifics are given. Though it would closely resemble the PLCU chart above if you could view the investments in the PLCUX smart contract.
Stupid investors register and make investments, but Reinhardt and associates later take their money.
On its website, PLCUX makes no mention of an MLM element. If there is one, it isn’t being advertised in the open.
I want to mention PLCU Pro tokens one more time, which I saw in the PLCUX whitepaper.
The PLCU and PLCUX currencies, as well as the PLCU PRO tokens, are currently part of the PLC Ultima ecosystem.
I went online to research PLCU Pro tokens because I had never heard of them. It turns out that Reinhardt’s April 2022 launch of PLCU Pro was a BEP-20 shittoken.
Whatever purpose the PLCU Pro tokens served, the plan has already failed.
Reinhardt started his MLM cryptocurrency Ponzi scheme as a SwissCoin investor.
When it failed, he started his own Ponzi scheme business in 2017 with PlatinCoin.
In late January 2019, PlatinCoin ceased to exist. In the middle of 2021, Reinhardt was finally relaunched as PlatinWorld.
PlatinCoin Ultima was chosen over PlatinWorld’s platincoin (PLCU).
PLCU’s public market value is fictitious. On April 5th, 2022, PLCU achieved a ridiculous high of $113,579 thanks to a wash trading bot.
Reinhardt and the early investors started withdrawing their money immediately after, which caused PLCU to crash to its current still-inflated value of $226.
In 2021, Reinhardt, who is thought to be a citizen of Germany, emigrated to Dubai. Elias Pape, a fellow citizen of Germany and the top SwissCoin, PlatinCoin, and PlatinWorld net-winner, is present with him.
The world’s MLM crime capital is Dubai. Due to the absence of extradition agreements and lax regulation of securities fraud, Dubai serves as a sanctuary for fraudsters worldwide.
Dubai’s BehindMLM rules are as follows:
If a Dubai resident contacts you about an MLM opportunity, you are being conned.
An MLM business is fraudulent if it claims to be headquartered in Dubai or to have connections there.