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The Apex Power is a Crypto Mining Ponzi Scheme that managed to deceive countless investors. Our theapexpower.com review exposes why it’s the biggest cloud mining platform.
Lahm Andreas is the face behind this high-risk investment platform. His real name is Axel Capurro and is a hired actor in the MLM scene. He was once a member of the Italian heavy metal band, ANEWRAGE.
The Apex Power marketing video shows Axel with a long beard that matches his actual Instagram profile. We see a recurring role he plays as an elite chairman or CEO of the product on sale.
This time around, we happened to catch him in the act and there’s no coming back from that. What we have is a platform lacking in terms of audacity and transparency. The platform doesn’t release funds, despite investors vesting for over 60 days.
Originally from Italy, Axel was in the crosshairs with authorities leading him to flee to Colombia. That didn’t stop him from promoting other Crypto MLM products in Asia and South America.
We assume that the rest of the culprits behind The Apex Power also hail from Colombia. There’s a warrant of arrest from Italy as well as France for Axel and his crew. The Apex Power is not the first scam Axel has used.
Find out more in our exclusive The Apex Power Review.
Two of his earlier cloud mining products have collapsed, these include Bitrobix and Mitotic Money. With the latter Ponzi scam, we believe he closely worked with Russian associates in an attempt to fool European investors.
Thanks to a well-organized group of Eastern European Scammers, Axel has managed to master the art of conman. With ties to shell companies, The Apex Power is a product incorporated under a shell company in Scotland.
That leads us to the latest warrant of arrest issued against The Apex Power team over financial improprieties. These scammers are known to create shell companies all over the world including Canada, Pakistan, Romania, the UK, and Uganda.
Any information you find on such website is bogus and misleading. It’s just a roost to lure investors into believing we are dealing with a legit investment platform that’s worldwide. Far from it, they are merely targeting investors from that region or close.
Despite only having existed for a few months, the platform has only managed to launch this year. You will find false claims of having started the cloud mining service back in 2019. There are a few unanswered questions remaining.
These include the cloud mining site and the type of coins mined. If they indeed mine different cryptos, what are the ASIC miners being used? These are the type of questions you need to ask first before investing.
We see a platform devoid of vital information which is a pointer of a red flag.
You should know that there are no cloud mining products or services on the platform. Axel and his team start off by claiming to offer guaranteed daily profit margins through cloud mining services.
He starts off by promising investors over 2.8 percent in daily ROI for the basic plan and over 5 percent for the more premium plan. Asked if there’s a way or validating their mining plant with a picture or video, he shies off.
There are two types of victims in this platform, naïve investors who buy in the facade and affiliates who sign up hoping to earn commissions. None of these get to go home happy about the outcome.
It all starts with having a well-defined marketing team that pushes the product. Investors then start signing up with Axel and his team setting up an exit plan after they reach a membership number.
To get the services appear enticing and factual, they give an estimated guaranteed profit margin. The maximum vesting period is 200 days for the basic plan and 150 days for the premium plan. Beware of such claims in the future for obvious reasons.
In a legit cloud mining venture, the minimum acceptable ROI is three to four percent after vesting for three to four months minimum. And the ROI is for the entire vesting period, not daily guarantees.
Here’s how investors got scammed by Axel and his team. Investors had to invest with the minimum acceptable deposit. Axel convinced members that their best chance of winning high ROI was start vesting from $2,500.
And as such, the platform promised withdrawals after 24 hours and 48 hours respectively. The catch was that there was a limit on the amount withdrawn. Investors would withdraw $250 after 24 hours and $500 after 48 hours.
The deposit was counted as the ROI earned during the two vesting days. Investors now has the proof in their hands the platform was indeed earning ROI. The problem was, they were withdrawing part of their initial investment.
That’s how Axel and his team work, throw money around from one end to another. And this has led to several investors losing a large chunk of funds after believing the platform was indeed earning daily ROI.
After the second withdrawal, investors would then have to deposit another amount. Axel claimed that these investors had now qualified for the second phase or level. And this is where investors made a huge error.
Most of them turned to their life savings and others borrowed from family and friends. At this point, Axel knew members who added deposits were all in and those who didn’t remained skeptical. He then went to block withdrawals.
Members could no longer have access to their accounts or even withdraw. Axel sent a message claiming these members violated the terms and conditions. In reality, he was just after their loot which he managed to get.
Affiliates went in hoping to earn huge commissions in form of USDT. That was not the case as Axel was only using them for their marketing skills and reach. Members would also get affiliates for referring family and friends to the platform.
The amount would range from $5,000 for the five investors referred for the first plan to $1m for referring clients to level 5. With all these levels, it’s clear Axel and his team managed to lure several investors.
With investors failing to withdraw a large sum of their investment, trouble was brewing. Now investors have turned to authorities and Social media platforms demanding justice. From one of the partners who was left out, we now have another serial scammer, Jose Gordo.
None of these users have had the chance to withdraw funds and are facing a mountain of trying to withdraw funds. It all seems lost and the only hope is that authorities get a hold of Axel and his team of scammers.
There’s no shred of evidence to prove the Apex Power was a legit cloud mining platform. And this is where we have to draw the line with the platform for failing to offer legit cloud mining services.
The Apex Power remains one of South America’s biggest cloud mining scam.
When it comes to cloud mining, only proven platforms are safe for investors. Go for tested and trusted cloud mining platforms.
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