April 23, 2024

Revolut crypto bank predictably rolls to exit scam

As I warned 2 years ago, Revolut is not a crypto bank, but a wretched dummy. A little less miserablethan Crypterium, but still a dud.

Banksta writes:
“Due to a money laundering dispute in the companyChief Financial Officer Peter O'Higgins has resigned. It turned out that Revolut disabled the system, which was designed to combat money laundering due to numerous alarms. Most likely this happened after the legislation on cryptocurrencies was tightened.

According to the Daily Telegraph, shutting down the system inRevolut occurred between July and September 2018 and allowed illegal transactions to go through the platform. Revolut Banksters did not report this to the regulator.

This week also revealed that the companyStozhsky breeds European suckers in the best patterns of Herbalife. The company began to complain about candidates and employees who brought 200 clients a week for free. The company paid them nothing and called it part of a competition for employment. As a result, candidates were taken by units, and many could not stand the problems, impossible plans and non-payment of bonuses. Revolut claimed low turnover - less than 2.6%, but it turned out to be fake. An analysis of the start and end dates of 147 former Revolut employees on LinkedIn shows that more than 80% worked for less than a year, and more than half remained in the company for less than six months.

The company promised to stop experimenting withrecruiting clients using Herbalife’s methods, but deceived. At the same time, it turned out that Party was betting on European customers from troubled countries, for example, Greece and Spain. There, with the help of network marketing, he opens many accounts with amounts from 10 euros. This suggests that the Party simply chasing performance to accelerate the capitalization of his startup and suck it in to anyone. ”