Welcome to another exposé here at “The Crypto Ponzi Scheme Avenger.” I am Danny de Hek, your guide in navigating the murky waters of cryptocurrency scams.
Today, we’re diving deep into the deceptive world of Trage Technologies Limited, where promises of high returns have led to a high-profile scam.
In a dramatic Zoom meeting hosted by Marshonda Henderson and David Chandler, with the leading voice being Simon Lee, investors were subjected to a whirlwind of vague explanations, misdirection, and outright false hope. Trage Technologies Limited, a so-called cryptocurrency arbitrage trading platform, has left countless investors in financial ruin, with its two CEOs vanishing without a trace. This meeting revealed more about the cracks in the facade than its hosts likely intended, painting a grim picture of a Ponzi scheme unraveling in real-time.
The Key Players: False Promises and Deflection
Simon Lee dominated the meeting, claiming that privacy agreements prevented him from sharing key information. Shockingly, he admitted to losing over $250,000 himself. While Simon’s transparency about his loss was surprising, his continued defense of the scheme and vague reassurances left attendees more frustrated than informed.
The meeting’s hosts, Marshonda Henderson and David Chandler, are no strangers to controversy. Both have been repeatedly linked to other questionable ventures, making their roles as defenders of Trage Technologies highly suspect. Their attempts to pacify investors fell flat as questions about missing funds and absent leadership went unanswered.
Trage Technologies: The Collapse of a Scam
Trage Technologies Limited claimed to engage in cryptocurrency arbitrage trading, promising returns of up to 36% monthly. These promises, as enticing as they were unrealistic, have proven to be nothing but smoke and mirrors. A cease-and-desist order issued by the Texas State Securities Board outlined a series of fraudulent activities, including false claims of SEC registration and the misapplication of investor funds.
The Zoom Meeting: A Closer Look
Attendees of the Zoom meeting, many of whom were investors seeking answers, peppered the hosts with pointed questions. However, no real answers were given. Instead, the meeting turned into a mix of hollow reassurances and attempts to shift blame.
Simon Lee’s acknowledgment that the company’s two CEOs had gone AWOL only confirmed suspicions about Trage’s fraudulent nature. Despite this, the meeting’s leaders continued to insist that recovery was possible, leaving attendees grappling with the stark reality of their financial losses.
A Full List of Zoom Attendees
The meeting was attended by a wide array of individuals, including investors, promoters, and skeptics. Their names are included here for transparency:
David Chandler, Minh Pham, Maxwell Smart, Cathleen Strand, Andrew Hoang, Eliza Anderson, Dustin Mayfield, David Peake, Marshonda Henderson, Nadege Richardson, Santiago, Lisa, David Sagor, Hoang Mai Huong, Michael Harrison, Sajan Beetu, Timothy Sampson, Hero Jo, Stacy Glover, Martin Munoz, Tim Smith, Herve Desrosiers, Kate Choi, Shaloe Johnson, Michelle, Neville J., Martha Garcia, Tyson, Trinh, Charlie Thach, Marie Roger, Miguel Velazquez, Cynthia Francois, Jean Pierre Francois, Dennis Whipple, Lorna, Mercy, Thomas Ruddock, AnnMarie Boeger, Zada, Anthony H., Rodrigo Vázquez Mellado, Alicia Valencia, Israel and Rachel Gonzalez, JB Burnett, Charmaine Vanhorn, Max Smith, Miguel, Dyana Barron, Evangelina Hernandez, Tatiana, Seth Hargrave, Mark Tatum, Robert and Jacqueline Laster, Al Arends, Kimberly Le, Yvonne, Beth, Angela Jones, George Will Smith Jr., Helen Mai, Ngôn Trần, Marc, Jacin Tong, Huy Nguyen, Crista Bea, Jasette Simmons, Robert Laster, Verdine Andrews, David Samuels, Mario Bautista, Ebens Jeremie, Marco Cruzado, Edward Givens, Felesha Givens, Siegmar Seida, Younggoo Baek, Thang Vu, Harvey Decena, An Vu, Sham Ken, Vincent Muhammad, Clara Olachea, Phan Nguyên, Soledad RobGeo, Josette Hodges, Nga Jin, Roy Seo, Patrick Morgan, Yoon Sunmee, Carla Kossally, Dianise Lily, Deborah Coles, Leo Hardesty, Kellie Tran, Manny Darrell, Mike White, Adrienne LeBlanc, Tiffany Nguyen, Lan Hoàng, Bhagirath Bhatt, Gene Johnson, Austin Virgo, Maryam Khaleghi, Nancie Zamora, Eloina Zamora, Leo J., Lera Humphrey, Bernard Wong, Josephine Wong, Edward Morgan, Katherine Kuczkowski, Tracy V., Mike Conner, Binh Do, Hugo Nechele, Tami Romani, Jay C., Ali Mavani, Minh D. Nguyen, Robert Li, Tom Jovi, Mervin Abrera, Patrick Hosea, Carrie Perez, David and Sannalee, Arturo Nathan, Noel Plummer, Brigitte Dieujuste, Elizabeth Campos, Derrick Smith, Michael R., Ellen Bagamaspad, Shin Kim, Quenton Farr, Carline Darrell, Bryan Darrell, Marcos Carrasco, Pamela Warner, Rebecca Jones, Kevin R., Malikah Nu-Man
What Does This Mean for Investors?
The fallout from Trage Technologies Limited is a stark reminder of the dangers posed by Ponzi schemes and fraudulent investment platforms. For many investors, the losses are devastating, both financially and emotionally. The lack of transparency and accountability from those at the top only adds insult to injury.
How to Protect Yourself
If you or someone you know has been affected by Trage Technologies or a similar scam, take the following steps:
- Report the Fraud: Contact your local financial regulatory body.
- Spread Awareness: Share your story to prevent others from falling victim.
- Educate Yourself: Learn how to identify red flags in investment opportunities.
Final Thoughts
This Zoom meeting was a sobering look at how fraudsters operate and manipulate their victims. Despite their attempts to shift the narrative, the facts remain: Trage Technologies is a fraudulent scheme, and its leaders have left investors in financial ruin. Let this serve as a warning to others to remain vigilant and skeptical of promises that seem too good to be true.
For more updates and resources, visit the Texas State Securities Board.
Stay informed, stay safe, and together, let’s expose these schemes and hold the perpetrators accountable.
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