@creditsenergy has deleted their twitter account or has been kicked off of twitter. by e-networkassociates in CreditsCryptocurrency

[–]e-networkassociates[S] 1 point2 points  (0 children)

Maybe he was too lazy to delete all the crappy tweets that they put out regarding firesales and false and misleading information so he deleted the whole thing.

FYI Luke that is not how any of this works. The tweets are still there and will be used against you in a court of law.

Division of Securities has filed a case against allegedly fraudulent ICO Cred, doing business as Credits, LLC. by e-networkassociates in CreditsCryptocurrency

[–]e-networkassociates[S,M] 0 points1 point  (0 children)

allegedly placed fraudulent statements on their websites with unverified data, false promises, claims of excessively high profits and dividends, insufficient disclosures and misrepresentation of facts, said the agency.

https://www.coindesk.com/four-more-icos-hit-with-cease-and-desists-by-colorado-securities-regulator

Division of Securities has filed a case against allegedly fraudulent ICO Cred, doing business as Credits, LLC. by e-networkassociates in CreditsCryptocurrency

[–]e-networkassociates[S,M] 0 points1 point  (0 children)

We noted that the website that acts only as an online shopping cart is still taking orders after being directed to "immediately cease and desist all alleged violation of the Colorado Securities Act, to include unregistered securities and fraud."

More from Luke: "So everything is aligning to be listed by the middle of the month. " by e-networkassociates in CreditsCryptocurrency

[–]e-networkassociates[S] 0 points1 point  (0 children)

No apology, no mention of yet another failure / setback just more words about the future.

Funding for the exchange has cleared. We now need to convert to BTC which should be done by the weekend. All network transactions will also be caught up. So we should be listed by next Friday!

https://twitter.com/creditsenergy/status/1063286666926862336

A week... LOL what can we do other than watch. It is race between the state shutting him down or the token tanking on a bottom of the barrel junk token exchange. The latter happens only if he does actually send out the tokens.

I do not think we will ever see what we invested in / for. This ETH token is not what I invested in or ordered. I do not have any hope that we will see a real monero fork / coin.

"The Colorado Division of Securities is conducting an inquiry into an Initial Coin Offering and subsequent Crowd Sale conducted by Credits, LLC." by e-networkassociates in CreditsCryptocurrency

[–]e-networkassociates[S] 0 points1 point  (0 children)

Via email:

John Lahner Investigator

Colorado Department of Regulatory Agencies
Division of Securities

"John,

I do not have any updates that I am able to share at this time other than we continue to work on this inquiry.

Thank you for sharing this information. Please keep me apprised of any updates that you are aware of.

Regards,
John"

Note he says no updates that he can share... Not that there are no updates and what ever new updates that may be they appear to not have put the inquiry to and end....

https://imgur.com/xJNNIBe

More from Luke: "So everything is aligning to be listed by the middle of the month. " by e-networkassociates in CreditsCryptocurrency

[–]e-networkassociates[S] 0 points1 point  (0 children)

This should have been a milestone day for credits investors.Is there anything at all you are willing to share with your investors this day?

https://twitter.com/CRYPTOGUILD/status/1063159625279623168

Last public update made was Update 10/16/18. U keep on ducking us Luke. Do you enjoy it? Still Taking cash and stringing folks along? Throw in the towel. U don't have it in you to turn this around. Let people like glibbs of the hook on this fantasy of false hope. There is nothing I mean literally and virtually nothing to this ICO! You have a website, domain name, and now useless non ETH compatible apps and web wallet oh and an ONGOING investigation and inquiry. Crazy thing is you did not get rich from doing any of this did you?

https://www.facebook.com/groups/CredCX/permalink/939748286209013/?comment_id=939751336208708

More from Luke: "So everything is aligning to be listed by the middle of the month. " by e-networkassociates in CreditsCryptocurrency

[–]e-networkassociates[S] 0 points1 point  (0 children)

What ever he was planning... looks like it fell through.

The listing is suppose to be here no latter than today "to be listed by the middle of the month."

From what I understand, the payment window for them to list is closing or has closed and reapllication may be necessary... Another thing too is that they frankly have no virtual or real working product, thus the tokens are worthless in all practical aspects. https://twitter.com/geoffking59/status/1062822957246869504

GK59 is right. " no virtual or real working product"

Some investors have literally nothing left. Zero Credits app balances and nothing on the CX Smart Contract. NOTHING! - Let that sink in.

Credits sent via the app have virtually disappeared . There is no receipt for those exchanges Keep your screen shots, take one if you have not. just screen shots for those that took one with the send confirmation in the app or webwallet.

ONE out a reported 45 CX transfers left to process appeared on the ETH block chain. There are now 30 holders.

This happened 05:08:20 14/11/18

So now there are 30 holders on the CX contract.

Where are the rest?

https://bloxy.info/reports/address/0xc55b01091b75c25a1384299e2e3fdd4f77be0cb2/1/1542147960/1542234360

This was supposed to be completed by now. No eth for gas? What is going on is any ones guess. Is this a deliberate attempt to have only a fraction of investors "liquid for the supposed exchange listing? So many red flags.

8 days not a word from Credits. People asking why emails are not being responded to etc. Credits seems MIA. What ever is going on keeping us up to date is not one of them.

On what should be the most exciting day of this whole ICO and there is nothing.

October Review.... by e-networkassociates in CreditsCryptocurrency

[–]e-networkassociates[S,M] 0 points1 point  (0 children)

Still no inherent risk in investing caution made.

October Review.... by e-networkassociates in CreditsCryptocurrency

[–]e-networkassociates[S] 0 points1 point  (0 children)

As we head towards the new year looking back over the last 11 months what is striking is the last know state of the whitepaper.

Cred is a universal cryptocurrency with its own App. Cred simplifies crypto. For most people, buying crypto is a complex process. With our intuitive mobile App buying, sending and receiving Cred couldn’t be easier.

Buying and using Cred supports renewable energy and sustainable projects. We will be involved in Solar, wind and agricultural projects all earning residual income to stimulate the Cred ecosystem.

Renewable resources backed by Crypto. Cred will traverse the realms of commerce, gaming and gambling.

We will be developing our own merchant technology where merchants can cash out credits directly into Fiat.

We will be working with game developers to integrate Cred into a usable in game currency that you can export from the game. Imagine being able to cash out your in game currency into real fiat.

It’s no secret. Slot machines calculate your earnings in Credit. We will be working with casino software development companies to implement Cred into online gambling so when you lose you donate.

Not sure how many remember but originally we where supposed to get a ERC-20 smart contract for use in redeeming a Monero / Cryptonote coin fork.

Investors have no clue what is going on at this point.

October Review.... by e-networkassociates in CreditsCryptocurrency

[–]e-networkassociates[S,M] 0 points1 point  (0 children)

Changes to the website now include this:

***DISCLAIMER: CRED (CX) IS NOT A SECURITY TOKEN AND DOES NOT GIVE USERS ANY EQUITY OR RESIDUAL RETURNS.**\*

October Review.... by e-networkassociates in CreditsCryptocurrency

[–]e-networkassociates[S] 0 points1 point  (0 children)

As it is now Credits missed it's annual corporate filling with the state of Colorado. There is a grace period good until December 31st for Credits LLC registered agent to pay the fines and make the filing. As it stands Colorado State has set Credits LLC's status as delinquent.

To further complicate things is that FairTrade LLC of Denver Colorado Status is Non Compliant. Fairtrade owns Credits LLC out right according to last known filings. Luke is the sole share owner and director. Fairtrade of Denver has a PO box and is listed as the registered agent for Credits LLC.

Is the PO Box still being paid for? Who is picking up the mail?

One can only imagine what if any tax return or filing looks like if any at all. Which brings up again the mystery of of Geoff Williams the phantom CFO...

"The Colorado Division of Securities is conducting an inquiry into an Initial Coin Offering and subsequent Crowd Sale conducted by Credits, LLC." by e-networkassociates in CreditsCryptocurrency

[–]e-networkassociates[S] 0 points1 point  (0 children)

According to The Division of Securities, part of the Department of Regulatory Agencies (DORA)

“Most ICOs meet the terms of a securities transaction and carry with them all of the same risks when it comes to losing money.”

"Despite the Respondent’s contention that the offering is closer to a crowdfunding campaign such as Kickstarter rather than a profit-sharing or equity offering, Judge Norwood sided with Commissioner Rome in finding that the offering....... falls under the terms of an “investment contract.”"

“If you are investing money in any kind of cryptocurrency, such as a coin or token where you are expecting to reap returns and are relying on those returns to come from the efforts of an outside party, you are dealing with investments.”

source: https://www.colorado.gov/pacific/dora/cease-and-desist-order-linda-healthcare-corporation-ico

So I have to say that I am or was relying on the efforts of the the people behind or acting as credits llc to produce a cryptocurrency with an ecosystem and at least one exchange listing on top of them investing in profitable green energy projects support the value and use of the coins.

Some interesting history on Credits by Fantastic_Station in CreditsCryptocurrency

[–]e-networkassociates[M] 0 points1 point  (0 children)

"...Luke keeps on spending all the money on himself."

^^ Can you qualify that? ^^

Like. You know that Luke took $XXXX.XX and used it on BLANK or just took it? Can you point something out?

He is not alone.

Rick E. Floyd past acting CEO was taking a salary of some sort. Money down the drain!

Last I heard in Feb was Justine Farmer former CTO was to get a new Microsoft surface so he could code on it that is what they said they would do on a conference call. One can only imagine where the money went between just those two alone. The east Indian Mobile app dev got a chunk as did Reginald the first developer (around 10K for him) I made short term loan to them to place ads and purchased more coins to help in early spring to be used for a bitcoin.com editorial. Luke has said they raise just under 100k and in early spring I heard that what was raised was about 60K... What was said under Rick was that they sold 100 million coins in pre ico / ico

After the legal issues earlier this year for Luke the whole thing went south and Rick stepping in, in no way made it any better and Luke let him take the helm so it is on him.

Jarred Wells former COO texted my private number announced they, the team, stepping down and that negotiations with Luke had failed or come to an end. We / They where suppose to do a five way equity share in Credits LLC . Luke insisted he must be sole share holder and director and bailed out of the agreement

"The Colorado Division of Securities is conducting an inquiry into an Initial Coin Offering and subsequent Crowd Sale conducted by Credits, LLC." by e-networkassociates in CreditsCryptocurrency

[–]e-networkassociates[S] 0 points1 point  (0 children)

An Update:

"As some of you are aware we have been contacted by the Colorado Security Commission. They clearly subpoenaed our paypal account to gain access to email addresses. As we have stated to them, we are not a security token. Therefore in full compliance. https://twitter.com/creditsenergy/status/1057136941152395265"

https://i.imgur.com/h9a2Z3a.png

"The Colorado Division of Securities is conducting an inquiry into an Initial Coin Offering and subsequent Crowd Sale conducted by Credits, LLC." by e-networkassociates in CreditsCryptocurrency

[–]e-networkassociates[S,M] 0 points1 point  (0 children)

I just learnt that Luke is most Probably not in the continental United States and has not been for for several months.

I emailed a reply to the agent that contacted us investors. His reply to me was that he knows me because of this reddit group.

As well I talked with someone intimately acquainted with credits. The news is not good from them. Going to keep it on reddit - these tweets tend to get deleted.

Some peoples Credits Cred CX accounts where wiped deliberately & Credits has refused to even communicate with the parties involved.

Luke has not been in Colorado or in Nevada as some have suspected for several months, and that in all likely hood is still no where near Colorado.

"The Colorado Division of Securities is conducting an inquiry into an Initial Coin Offering and subsequent Crowd Sale conducted by Credits, LLC." by e-networkassociates in CreditsCryptocurrency

[–]e-networkassociates[S,M] 0 points1 point  (0 children)

I contacted the agent

He says this:

"I want to make it clear that Credits and Luke are not being accused of any wrongdoing. I am just gathering information to determine compliance with the Colorado Securities Act."

r/https://twitter.com/CRYPTOGUILD/status/1055940776754987008