Watts Miner is Newest Crypto Miner Not Taking Care of Its Bills as Scam Claims Arise
Watts Miner—The Newest Crypto Miner Not Taking Care of Its Bills
Serious doubts were raised on August 1, 2018, about the legitimate nature of the latest crypto miner—Watts Miner. At the time, reports indicated that the rig manufacturer was experiencing some major issues with their products and service delivery. A critical look at their website helped in exposing these issues, and barely two months later, the company has again found itself in serious trouble.
APO Group Press Release
APO Group, which is a media relations firm that operates in Africa released a press report indicating that Watts Miner had defaulted on a $14,955 payment. This money was to be paid as part of a contract that the two companies had entered into. In the partnership contract, APO would be responsible for drafting and releasing all Watt Miners’ press releases.
In its press release, APO Group stated that it wanted to inform the public of the various possible fraud-related activities that Watt Miners Inc. was involved in, and which the publishing company had just come to learn about.
The press release from APO comes hot in the heels of another report implicating Watt Miners Inc. in the willful default of the partnership agreement where Watt Miners Inc. had willfully refused to pay the publisher for a number of press releases that had been released on its behalf. The payment was to be completed on the 14th of August, 2018.
For Watt Miners Inc. this was an ill-advised move, as by refusing to make the payment, it means that it not only failed to meet its end of the bargain, but it also went against a company that has a very large distribution network. APO Group is estimated to have a network that spans various countries across the globe. This means that they have a very wide reach.
Watt Miners Inc. Website
Apart from defaulting on overdue payments, the cryptocurrency rig manufacturer was also not honest in terms of the information that it posted on its website. Many of the images and videos posted on the portal had been stolen from other online sources. Looking at the mounting evidence, it comes as a surprise to many why the company did not try to be a bit intelligent in its dealings.
APO Group went on to say that it has unsuccessfully tried to get in touch with Watt Miners’ Chief Financial Officer, Nancy Lopez and its CEO, David Anderson a couple of times without any luck. From this information, it could be that the company is trying to cover its tracks, or is in search of a reasonable explanation that could help explain its actions in detail.
The good news for APO Group is that although Watt Miners Inc. did not meet its financial obligations, their operations have not been affected in any way. In its statement, the firm explained that its revenue generations and sales have in no way been affected by this news. As soon as APO Group sent out this press release, Watt Miners reacted by sending an email to CoinGreek asking it to retract the news story or face legal consequences.