BitConnect Promoter Claims He Lost Money To Company, Says It’s Not The First Time

BitConnect promoter Carlos Matos, who was among the first to promote the company since its beginnings, claims that he lost the money he invested in the company and that it was not the first time he becomes a victim. According to his YouTube videos, he says that he became a victim since 2017 and we are about to analyze them in the latest cryptocurrency news.

In the new video blog, the Bitconnect advocate says that he has previously invested about $25,000 into Bitconnect originally but he only took small profits from the infamous scam. Ultimately, he could have withdrawn about $250,000 but he decided not to do so until it was too late which eventually ended up him losing the money. He stated:

 “As you guys know, the tragic end of Bitconnect was that it fell down and everybody lost everything. I was one of those as well. I lost most of the amount of money that I had in Bitconnect, which was over $250,000.”

The Bitconnect promoter briefly explained the issue on YouTube and he quickly became popular as a part of the global multi-billion dollar racket at least that is how people see it in the first place. The vlog also goes on ranting for 20 minutes about his ambitions to become a ‘’board-certified behavioral analyst’’ which he says that he is already an analyst but aims to become certified.

The famous Bitconnect promoter in this case, Carlos Matos, apparently wanted his viewers to understand that he has been a victim to multiple scams including the Bitconnect one and lost about $100,000 of his investment. He also explains how he managed to make little money for his efforts in the company that would have made him an important figure among the Ponzi scheme investors. However, according to the altcoin news,  Bitconnect is far from resolving the scam issues since the FBI is now investigating the multiple fraud allegations towards the company.

Despite the Bitconnect promoter Carlos Matos, there are other people who claim that are victims to Bitconnect since many believe that the company has typical Ponzi mechanics behind it. Bitconnect guaranteed 10% returns which is always a red flag since no investment can be certain unless they are guaranteed with a certificate or deposit.