COS Fraud Alert: Washington Department Raises Concern
- MLM News
- September 14, 2023
Oh boy, have the alert bells at the Washington State Department of Financial Institutions been ringing loud and clear recently! They’ve just dropped a rather juicy piece of gossip about COS, a supposed cryptocurrency trading platform that seems to have a bit of a Pinocchio syndrome going on – it just can’t stop telling fibs!
So, let’s get to the nitty-gritty. COS, which claims to be the next big thing in the cryptocurrency world, was slapped with a not-so-flattering label by the department. Yep, you guessed it, a “fraudulent cryptocurrency trading platform”. This spicy tidbit came to light when a sharp-eyed member of the public waved a big red flag, causing the department to jump into action quicker than a cat on a hot tin roof!
As per Washington State Department Of Financial Institutions:
The Coscoin entity is a limited liability company registered in Washington with a purported principal place of business located in Fife, Washington.
However, the Securities Division could not confirm that the business is actually located there, or engaged in lawful business activities.
Jackson Blaze is listed as Coscoin’s Governor on the Washington Secretary of State’s corporate filings.
The phone number provided does not appear to be a valid phone number listing for the United States.
Just so you know CosCoin LLC is registered in Washington but it’s just a shell company:
Now, here comes the juicy part. COS operates with a “click a button” scheme, seemingly orchestrated by a team seated somewhere in China, probably enjoying a cup of oolong tea as they come up with new tales to spin. They have been painting a rather picturesque story of being a Washington-based company, trying to woo everyone with their made-up charm.
If you take a virtual stroll to their website, “coscoins.com”, you’d stumble upon their grand proclamation, stating that they are “a technology company based in Washington, USA, we founded COSCOIN in 2015”. Oh, how time flies when you are fabricating stories, right?
But, hold onto your hats, because the plot thickens! Despite singing tales of having been around since the blissful year of 2015, these folks actually rolled up the curtains to their grand deception only a few months ago. It seems their calendar is running a bit faster than the rest of us!
So folks, keep your eyes peeled and your wits about you when you venture into the wild west of the cryptocurrency world. After all, it seems like COS is more interested in spinning tales than spinning genuine profits! And remember, not everything that glitters in the virtual world is gold, sometimes it’s just a sparkling little lie waiting to be busted.
This is the beginning of the end for Cos or Cosetek or Coscoin.
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