Complaint Review: Commercial Rapid Payment Technologies Limited - Hertfordshire Berkhamsted, England

One more hero is often forgotten in the story of Crypterium - Steven Polyak (https://www.crunchbase.com/person/steven-polyak#section-overview). During the ICO, he went through several roles in the project at once, starting from the managing director and ending with the CEO position and he was also always listed among the co-founders of the project. But as soon as ICO funds were collected, he mysteriously evaporated from the project. But it was his convincing speeches that helped to attract a large number of Europeans and Americans to the project.

There is no information on his LinkedIn page about participation in the Crypterium project (https://www.linkedin.com/in/steven-polyak-4443872/) But Internet remembers everything and in the version of the ICO website from November 2017, Steven is listed as Managing Director, Co-founder - the first person of the project. http://web.archive.org/web/20171106123424/http://crypterium.io/

And here is a version of the site from March 2018, where Steven moved to the category of advisors but was still listed as a co-founder http://web.archive.org/web/20180331092652/https://crypterium.com/

So, where did Steven go after collecting the necessary amount for the implementation of the future crypto-bank which was promised to investors? Why should the co-founder and CEO leave the project that has just collected the necessary 50 million and is just about to begin to embody everything he has conceived and told in numerous interviews and meetings?

The next place where Steven worked is on his profile in LinkedIn since January 2018 is CEO & Co-Founder at Arcpay (https://arcpay.io/)

On the site now we see - Arc is introducing its banking as an app platform, an application with a tied card and storing funds in ETF. But a barely noticeable frame on a video clip (on the main page) suggests certain thoughts -  pic 1

What does Lightcoin (LTC) do in the starter of the product? And in the payment policy (https://arcpay.io/payment-policy/) we also see working with cryptocurrencies and no information about ETFs - pic 2

It is very strange for a company that Steven has been managing for more than a year and a half. And there are no links to the product yet either. Let's dig deeper ...

Company information dated February 2019 http://www.arizonanews-online.com/news/story/118987/arc-pay-bankingasanapp-platform-granted-european-financial-services-licensing.html Small press release, where it is reported that the company has received 2 licenses in Estonia

License № FRK000540 Financial Services – Provision of Virtual Currency Wallet Services, and License № FVR000630 Financial Services – Provision of Exchange Services for Virtual Currency against Fiat Currency.

And also about products which are going to release ArcPay:

Arc’s full banking application is at the forefront of this industry disruption and paradigm shift offering its clients the unprecedented ability to hold their money in real assets, securities, and even crypto assets while still providing them with immediate debit liquidity via Visa, MasterCard or SEPA

Isn't that what Crypterium does? Why leave one company in which you are the founder and director, immediately after receiving funds for an ICO and go to another in the same role and with the same ideas?

We are looking for where Arcpay funds came from and found the following: https://www.investorx.ca/search/00045793/arc-pay-corporation

The company raised $ 460k not at an ICO, but from accredited investors in Canada with the support of Fogler, Rubinoff LLP and some Russians as part of the company. But none of them can be found on the site  https://arcpay.io/.

We search for the address 806-240 Duncan Mill Road Toronto, Ontario M3B3S6 indicated in documents and found DaVinci Capital Inc. (http://davincicapital.com/) and on the partner's page we find (http://davincicapital.com/team_03.php) Fogler, Rubinoff. So particularly this fund, Stephen and Arcpay raised money from investors.

Apparently, Steven felt the closeness of the SEC and the feeling of responsibility for promises he did and money he raised from investors during ICO and decided to run away from possible consequences, taking with him part of the funds raised and relieving himself of any responsibility for the future life of the project. Then he cleaned up all information that would connect him with the Crypterium project from public access and started a similar project with the attraction of investments in Canada. Well done!

But something went wrong with Steven’s new company, and he tried to remove any cryptocurrency references in the product description. And Arcpay did not release any product (neither with crypto nor with ETF, as they say on the site now), I wonder where were Canadian investor's money spent?

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Hello!

There are big community which try to defend their interest and fight with Crypterium scam project. You may write me a direct message (@timkamp) in telegram and I give you all found information.

 What happened to me on Crypterium Hello friend, It is my unequivocal duty to inform you also that Crypterium has an internal scam going on right now that is being carried out from somewhere inside the company, particularly, from their emailed customer service and "Official” Telegram chat admins. Crypterium is pretending the problem of stolen CRPT Tokens from off their hosted wallets is their own customers fault for giving their passwords away to scammers on Telegram. This is not true. Our wallets were supposed to be protected by the Private Keys held in their trust. I never even gave out my password to anyone, ever. Who does that? Anyhow, Crypterium will misconstrue your words on purpose in the emails and keep saying you did so then they are unable to help you with their fake insurance or anything else after that point. This is where it all begins. You wake up one morning to an email stating that all your CRPT Tokens have been transferred to another wallet. When you check on your "app” you can see that they were. You don’t remember ever being able to transfer CRPT from the wallet because the function wasn’t available. Until then. When you contact their customers service chat in the app it takes a while for them to get back so you post about it on their Telegram chat where you are greeted by people with screen names like MiskooCRPT, something like that, stating they can help you if you send them .05BTC as a "deposit” so they can fix your account for you. Then, the customer support people on their "app” finally get back to you and ask you if you have given your email or phone number to anyone on Telegram and so you tell them you did and ask if they are with their team. That’s when you get told that you must’ve given out your password to a scammer and they will be unable to help you because of your mistake after they repeatedly told you not to respond to scammers. You obviously won’t remember any real warnings coming from your email or text or pretty much anywhere. If the company knew this was happening, why did Crypterium fail to warn us with real warnings such as emails??!?! On a daily basis would have sufficed. Why did Crypterium not take down its Telegram chat if it knew that their customers were being scammed there? A lot. When you get back to Telegram an "admin” will try to extort you again for .05BTC as a "deposit you will get back” so they can fix your account. You obviously do not send the .05BTC. Instead, you post about what’s going on with your situation in their Telegram chat. That’s when you get blocked from it. Their "admins” tell you it will be unblocked once the "procedure” has been completed. You know this is bs so you do not send the .05BTC. When you tell their emailed customer support about what’s going on they tell you all of those "admins” asking you for the .05BTC were fake and send you a list of "Official” screen names. Problem is, your Telegram account was blocked for telling the truth and the only "admins” that contacted you ALL tried to extort you in the same manner for the .05BTC.

The screen names of the so-called "fake” admins match exactly with screen names of the so-called "Official” screen names that were sent to you by Crypterium. Including "MiskooCRPT” or however it was spelled and several others. Same screen names. It was them. When you contact their customer support on the app and also through their emailed customer support you then get mistreated and blamed for "giving out your password” to scammers, which you do not remember and did not do. They will insist that you did. In fact, they will use the conversation over the emails where you said you shared your email and phone number with the Telegram admin that you thought wanted to help. But you didn’t say you shared your password, you said you shared your email and phone which anyone can get from anywhere. So, they will keep misconstruing your words and continuously say you gave out your password and you already admitted to it so they can’t help you. Sorry for your loss. We told you about the scammers in our Telegram posts. Sounds like a nightmare right? Well, it gets worse. Someone from their team will start posting your pictures with scam messages attached to them on Facebook.

I have the proof if you need to see it, have posted it. They will say it’s not them but the timing of it with your back and forth with them fits perfectly. They were the culprits. Not to mention, their ATM cards don’t even work. I had used it once before the CRPT theft. When they were finally able to get mine to work it took a whole day just to get $100 on the card. I was only able to withdraw $40 before the card stopped working again, permanently. Last time I checked the balance at the ATM it was $0. Finally, when you take a look around in the "app” you will notice that half of the buttons, some even mentioning up to 5% returns in a potential savings program, don’t even work. The truth is, none of these buttons will ever work. Because Crypterium is a scam. Crypterium also will NEVER accept responsibility for the Private Keys that were entrusted to them. Without access to the Private Keys, the scam could never have taken place. It was an inside job. Thank you, Brian Love

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