USI Tech Legal Claims, found online at USITechLegalClaims.com, is an informational website dedicated to helping USI Tech victims in the United States and Canada receive compensation. Here’s our review.
What is USI-Tech Legal Claims?
USITechLegalClaims.com is a legal advice website dedicated to helping those affected by USI Tech’s sudden withdrawal from the United States and Canada.
USI Tech is a controversial cryptocurrency-based investment fund widely believed to be a Ponzi scheme or pyramid scheme. On January 6, 2018, the scheme suddenly shut down for affiliates in Canada and the United States.
The move was in response to an order from the state of Texas. Specifically, the state of Texas issued a cease and desist order against the company. In order to avoid shutdown, that company would need to prove it wasn’t a Ponzi scheme. Instead of proving that it wasn’t a Ponzi scheme, USI-Tech decided to shut down instead.
The Canadian provinces of British Columbia, Nova Scotia, New Brunswick, and Manitoba had also previously issued investor warnings to USI-Tech, which is why the company also shut down across Canada.
Some affiliates have purportedly been locked from their accounts. Most were given no warning of the shutdown. And now, USITechLegalClaims.com wants to represent affiliates like you in a lawsuit against USI-Tech.
USI Tech Refuses to Provide Evidence That it Isn’t a Ponzi Scheme
In June 2017, USI-Tech issued a statement to affiliates explaining that they would release crucial documents in the near future. Specifically, USI-Tech promised to provide evidence that external revenue – not internal membership deposits – was being used to pay affiliate ROIs.
USI-Tech never provided proof to investors.
Regulators pounced on the company towards the end of 2017. USI-Tech was given a deadline of January 20 to produce evidence that it wasn’t a Ponzi scheme.
USI-Tech is Blaming Affiliates
Despite the shady activities of the company (do innocent companies act this way?), USI-Tech is maintaining its innocence. It claims affiliates are to blame:
“We were utterly dismayed to learn that a large number of our sales partners extensively advertise our services on their own websites as well as on social media in a manner which is a breach of contract as well as illegal, and which gives the appearance that our service portfolio violates both US and Canadian law.
Despite the measures which we have already initiated, this behavior has even intensified in recent weeks and months.
This has already resulted in actions by the respective authorities against various distributors, as well as the first preliminary injunctions in response to this advertising behavior.
Consequently, we have decided to immediately discontinue our business activities as well as our sales in the US and Canada.
Unfortunately, this also has a direct consequence for you as a sales partner since the cessation of our marketing operations means that we are forced to immediately terminate our contractual relationship with you.”
All affiliate emails are being reported by our friends at BehindMLM.com.
USI-Tech Legal is Blocking US and Canadian Affiliates and Asking Them to Delete All Evidence
In an even more worrying move, USI-Tech appears to be deliberately targeting its Canadian and American affiliates in an attempt to avoid repercussions.
In early January 2018, USI-Tech blocked affiliates from the platform’s back-office, making it impossible for affiliates to access their accounts. Some affiliates report that they still have access to their back office, however. Some claim they can withdraw funds, while others claim they cannot.
In any case, USI-Tech also issued a message warning affiliates that they might be required to pay “claims for damages”. USI-Tech also purportedly asked affiliates to wipe all evidence from their systems:
“…destroy and/or take offline all websites, landing pages, social media sites/chat groups (e.g., Facebook, YouTube, Instagram, WhatsApp, Telegram pp.) or other online or offline advertising materials relating to direct sales of our goods, software, other services and/or our direct sales concept.”
How USI-Tech Legal Claims Wants to Help
We’ve explained why USI-Tech may be in some legal trouble. Now, we need to explain how USI Tech Legal Claims wants to help.
The website USITechLegalClaims.com is being run by a company called Legal Crypto Law, found online at LegalCrypto.pro. That law firm is an international and national law firm specializing in crypto law, blockchain technology, and property and asset protection.
Legal Crypto Law is led by a man named Joshua R. Kotter, Esq., JD, MBA.
An entire section of the law firm’s website is now devoted to USI-Tech issues. The law firm describes USI-Tech as a “bitcoin multiplier” program.
How does Legal Crypto Law want to help? The company is trying to attract at least 300 USI-Tech affiliates to its firm. At this point, the law firm will contact USI-Tech alleging that affiliates faced downward pressure. They want to apply upward pressure in response.
Legal Crypto Law is also offering individual representation to USI-Tech affiliates.
How Much Does USITechLegalClaims.com Cost?
USITechLegalClaims.com is offering two core minimal representation services. Minimal representation services are for those who want to participate in group action against USI-Tech. One service is priced at a one-time flat fee of $720 per client/affiliate, and the other service is priced at a $650 one-time flat fee per client/affiliate.
In addition to their minimal representation services, the law firm offers individual representation at higher rates ranging from $2,500 to $20,000, based on the type of action you may wish to pursue against USI-Tech.
Who Can Apply to USITechLegalClaims.com?
USITechLegalClaims.com is offering its services to all USI-Tech affiliates, including two broad groups:
- Canadian and American affiliates who have not technically violated any of USI-Tech’s terms and conditions and policies and procedures
- Canadian and American affiliates who did violate USI-Tech’s terms and conditions
USI-Tech Legal Claims Conclusion
Ultimately, if you’re a USI-Tech affiliate from the United States or Canada, then it may be in your best interest to visit USITechLegalClaims.com. The website – and its affiliated law firm called Legal Crypto Law – are organizing clients to take action against the company. The law firm will help you address allegations that the company legally harmed affiliates.
To learn more, visit USITechLegalClaims.com.