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USI Tech Scam
USI Tech Scam

USI Tech Scam

USI Tech Scam

Financial Fund Recovery receives many complaints about USI Tech scams, and many of our clients have been onboarded because of USI Tech. Likewise, the SEC, FBI, FCA, BTIC, and CFTC have received similar complaints from scam victims who have lost millions of dollars after investing in USI Tech.

As the matter demanded attention, our team conducted independent investigations and arrived at some conclusions.

What is USI Tech?

USI Tech Limited (United Software Intelligence Technology) is an enterprise that claims to be the first automated bitcoin trading platform globally. Initiated in May 2017, their broad spectrum of services facilitates Bitcoin programs, including automated trading and mining of cryptocurrencies for its users.

USI Tech offers their clients Bitcoin packages and ensures to grow them regularly. The fraudulent business practice operates in two ways, by providing an investment option for the investors and for other individuals providing an opportunity to earn by referring them to others.

While it functions as a Dubai-based crypto and forex trading platform, it’s been anticipated as a Ponzi scheme dishing out high-yield investment plans.

Is USI Tech a Scam or Legit?

While the USI Tech website features nothing about its founders and other team members, the question remains, “Is USI Tech: a scam or not?”. Unfortunately, it appears that the firm lacks transparency. Further, its products and services aren’t well described either.

Our research reveals that their project has founders such as Ralf Gold and Joao Severino. These founders are known for their past connections in suspicious projects.

To elaborate, Joao Severino was one to be barred from conducting financial activity across Portugal. The primary cause was his contribution to a Ponzi scheme named AMC Invest. Ralf also participated in a list of similar Ponzi techniques like AdsProfitWiz, Upper Game, Mx Fast Money, and HourlyRevShare.

The enterprise runs the business from its headquarters in Dubai. But, contrarily, its registration number indicates that the company is registered in Ras Al Khaimah. These details don’t combine well or make any sense. Instead, they explain where all the bad reviews come from.

Joseph Rotunda, a director at the Enforcement division of the Texas State Securities Board, says that the scammers pulled away from the victims estimated hundreds of millions of dollars. However, before vanishing with the funds, USI Tech moved its site from a .com (i.e., a top-class domain) to a .io domain. Furthermore, it also turned up with a group of similar domains.

How Does USI Tech Work?

On paper, it has simple work, and the company mines a specific cryptocurrency based on their client’s preferences—the mining increases as the client’s investment increases.
They offer different packages to different clients. These packages hold BTC, ETH, ADA, LTC, and many cryptocurrencies.

The company was started in the mid of 2017 and was operational till November 2018. The company has successfully scammed clients for more than 400 million dollars in just two opening years.

The Securities Commission of the USA and many other countries have been tracking the company’s owners for quite a long time. As a result, many experts have concluded that the owners have many accounts in the UK, Bulgaria, Cyprus, and UAE.

They kept changing their cryptocurrency wallets to accept investments from clients and transferred crypto from one wallet to another. Many clients reported that they were asked to buy cryptos from famous platforms and well-known cryptocurrency traders. Later, in the long run, they compelled users to send the coins to unknown wallets.

Our researchers found out that USI Tech had listed multiple accounts in Cyprus. In addition, the company had numerous accounts in many other countries listed under shell companies. Many foreign agencies like the SEC, FBI, FCA, BTIC, and CFTC are still searching for more data about the company and information about its working managers and leaders.

Is USI Tech a Pyramid Scheme?

A Pyramid Scheme is a fraudulent business activity where scammers entice people to employ more members and, in exchange, offer returns. The scheme’s director demands each new member to deposit money to be a part of them and then share a portion of the money they make with every additional member to other members.

As this is an unsustainable business practice and not allowed by many states, the directors of this scheme sometimes involve product selling to trick regulatory authorities. Similarly, in USI Tech, investors can make money by investing in the Bitcoin packages they offer and referring them to other investors. Also, if we take Bitcoin packages for what they consider product selling in the Pyramid scheme, it will be hard to disagree that USI Tech is a Pyramid scheme.

Legal Proceedings of USI Tech

  • The Texas State Securities Board issued a cautionary letter against USI Tech as they were not registered to sell securities in Texas. (20/12/2017)
  • The Government of New Brunswick issued a consumer alert against USI Tech investments and requested investors to take legal actions if approached by the company. (21/12/2017)
  • The Attorney General of the unincorporated territory of Guam has warned investors from investing at USI Tech. (12/01/2018)
  • The Saskatchewan Government issued a Cease Trade Order against USI Tech. (26/12/2018)
  • The financial regulator of c, Comisión Nacional del Mercado de Valores, included USI Tech in their warning list of unauthorized firms. (09/04/2018)
  • The Financial Markets Authority of New Zealand added USI Tech to the warning list claiming that the organizations have the characteristics of a scam. (16/08/2018)

How to prevent getting scammed by USI Tech?

Here are some warning signs that we suggest you look out for to prevent USI Tech scams;

  • The provider has many negative reviews.
  • The platform is unlicensed or unregistered, making it unauthorized to operate in its industry.
  • It has a massive sales team that keeps pressuring and spamming you.
  • They keep insisting that you pay more money.
  • Shows certificates, achievements, experience, and reviews that are fake.
  • It blocks you from attending your calls once you invest your money in them.
  • They offer big deals and rewards or ensure to bring something valuable against your funds.
  • You are locked out of your account.
  • The platform is suddenly taken off from the internet, or the website is shut down.
  • You notice an anonymous and unexpected withdrawal from your bank account.

If you encounter any of these red flags, you can verify your provider with us, report them and claim your money.

What To Do If You Have Lost Money in a USI Tech scam?

If you have fallen for the USI Tech scam, we can help you claim your lost money from the scammers. Financial Fund Recovery is a scam recovery specialist that initiates and proceeds with legal backing. We have a stellar group of lawyers, advisors, researchers, consultants, and other experts on our team. They work collectively and dedicatedly to protect your interests and your funds.

Financial Fund Recovery designates legally compliant officers and serves as a lawful redressal undertaking. A record 92% win rate shows how our services strive towards making a difference. In addition, with our free consultation service, you can have the experts analyze your case, including USI Tech scams.

Instead of silencing your voice, we urge victims to fight against the deceitful ones. With a Customer support staff that works around the clock, Financial Fund Recovery assures 100% results.

We also extend clarity, followed by our classified agreement signed with each customer. Financial Fund Recovery generally follows a timeframe of 120 days and endeavors to recover funds earnestly.


Though USI Tech is not multi-level marketing, both share a few similar characteristics, such as an income source based on referrals and recruitment of new members, product selling, etc.

As we already mentioned in this article, there is little information available on their site. Though the website of USI Tech is still online, it only functions as a login page. There is no option for new users to sign up or get in touch with them.

The company was functional from mid of 2017 to the end of 2018. It has successfully scammed clients of more than 400 million dollars in just two opening years.

They defrauded people by altering their digital wallets and carrying coins from one wallet to another. As reported by many of their customers, they were directed to purchase coins from popular cryptocurrency trading platforms. Later, in the long run, they pressured users to send the coins to unknown wallets.

Mugged by USI Tech Scam? Contact Financial Fund Recovery – “Your Recovery Expert” to get your money back.


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