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Blockweather Holdings LLC; David E Henry Evan Freeman, Georgia Silversmith, Shane Shields Dishonest and unethical Investment Firm, Unregulated, False claims and advertising Kailua Hawaii
Originially found an ad on Google, and due to low public reviews and conversation, decided to place a call to speak with a representative. It is important to note, this person(s) will only allow prompt, phone communication before you have sent money. After, the wire transfers go through, the firm resorts to a murky, closed off world of deception and silence. I suspect the reason why their social media presense is so odd, is that they don't allow any posts to be viewed in public view. Additionally, it is probable that they have had honest, real reviews removed.
The firm has three different addresses on file: 8 The Green, Ste, 6338, Dover, Delaware with the phone number of (808) 859-0892; 93 N Kainalu Drive, Floor 2, Kailua, HI 96734 and 111 Hekili St. Ste, A481, Kailua, HI 96734.
The firm requires deposits to be made via wire transfer (convenient, since most banks are neglient about claims). At the time that I made the initial investment, $10,000 was the required minimal deposit. The current minimum is $100,000 supposedly. I was attracted by the claims of 15% average monthly gains, and the firm included charts to support their performance. They also claimed: unparalleled ethnics, the right to choose an account type based on amount invested and loss tolerance, right to withdraw at anytime, no mimium, ability to contact them by phone, email, and chat, and access to a cilent portal.
The claims were false for high ethics, and they appear to be fine with embezzeling from cilents accounts and then cooking the statements. The details on how the investments were done, is extremely vague, and they won't share details when pushed with specific questioning. Furthermore, the management is closely associated with Etherum, a ICO strongly associated with HYIPs and scams.
If you email/call the individual who confirms wire transfers about account type, the requests goes ignored. Turns out, cilents aren't not given seperate accounts or right to allocation, everything is dumped into one account and they "award" as they see fit. They did advertise referrals bonuses, a classical sign of MLM or Ponzi. The 15% gains are completely false, and closer to negative gains. I experienced shifting of numbers around, but no actural progress, other than further loss, growing exponentially.
Here is the most disturbing part of the ordeal: After a few months of seeing no progress, I requested a final statement and for the account to be closed. Conveniently, I got an email claiming they were out of the office, and the client access stopped working. There was an email reply that claimed they were working on the issue, but it took a little over 4 weeks to restore access. In my mind, they didn't like my request to close, so they did an IP block. In that "dormant" period the balance dropped to nearly 0% account balance. They continue the run- around for returning the remaining funds and continue to ignore copies of the statements, since they can't be found the website anymore.
The part about being able to withdraw at anytime, by speaking with your account manager, was completely false. No reply for weeks, and then that reponsibility was passed to an "upper-management" person who will not speak by phone. Likely, the same person. This person, has all the sudden, started to sound rather dense as well.
Stay away! Report to all authorities, and warn people about them. The credentials they show are false and paid advertising.
I am keeping up my promise to get the word out about them, and persue legal actions against them.
1 Updates & Rebuttals
Blockweather Management
Dover,Delaware,
United States
The Complaint is Entirely Inaccurate
#2REBUTTAL Owner of company
Wed, October 16, 2019
I appreciate the opportunity to respond to this complaint. First, the complaint has numerous spelling and grammatical errors, and nearly every statement is entirely false.
Here are some of our other reviews:
"I'm extremely pleased with the work from these guys. I've been investing with them for about 4 months now and have already seen a 100% ROI. Customer service is excellent. Withdrawals of your funds when needed also is very fast. Highly recommend them" - Chuck O.
"I invested with Blockweather Holdings, LLC 6 months ago and have seen more than 100% return. Most crypto hedge funds only want wealthy clients with large amounts of money to invest, but Blockweather Holdings took me on as a client with only a small investment. This is a great company if you want to get into crypto currencies but don't want to actively manage your investment. They are always quick to respond to any questions and give me updates on my account as developments take place in the market. I am very happy with my choice to invest with Blockweather Holdings, LLC." - Lawson S.
"The Blockweather team got me thinking about cryptocurrencies and than through my own research I began to believe in the philosophy and future of this digital revolution based on the blockchain technology. I trusted Blockweather some investment and it has increased 110% so far. Thanks guys!" - Daniel E.
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Overall, nearly every single statement in the complaint is absolutely false. Perhaps the person writing the complaint invested money at the peak of the cryptocurrency markets around December 2017, and then withdrew his funds for a loss at the bottom of the market. We strive to provide clients with solid returns. Most of our clients are highly satisfied.
All of this having been said, Blockweather Holdings will be closing down. The generally unfavorable market conditions of 2018 to 2019 and the high costs of regulatory compliance have made it untenable for a small fund to operate prosperously.
Feel free to email management directly at admin@blockweather.com with any questions about the complaint or the above response.
Sincerely,
Blockweather Management