Who is the real owner of bitconnect?
Acording to Companies House Uk (Oficial uk company regesry)
Mr Ken Fitzsimmons Uk (British) • Business Owner • Born in May 1978 (39 years old)
14 Jul 2016 → Current
Is the owener of:
Bittconnect LTD 10278342
The Panorama
Park Street
Ashford
England
TN24 8EZ
Comapany lookup
Was In contact with companies house tried to get more information/financial records/tax reports.
They pointed me in a direction and told me they could not provide more information the only worked like a company register.
Did pay for a couple of credit reports and such, the only thing the rapports basically told.
One owner: Mr Ken Fitzsimmons
One company share: Mr Ken Fitz s immons
Employes: None
Assists: None
Income: None
Reported tax: None
Registered accounts: None
Contact Information
phone: none
email: none
And so on, not really any finacaial data at all.
The company created on 14 July 2016 so they have until 31 July 2017 to provide report income and taxation.
Questions
Who is this dude who runs a seemingly highly social/community driven company and I can`t seem to find a single picture of him anywhere?
Why is he brittish/brittish company and every pictures i see from bitconnect seems to be from "asia"?
Is this person a real person?
Dont know the word for this, is he a person that gets paid for taking blame from economic crime?
My verdict
For me this case is highly risky and can't recommend anyone buying into this.
If you still want to invest, the safe bet would probably be to wait until 31 July and see if they are a legit company that is complying with UK law.
If you have problems with bitconnect
Got this info from Company House, if you have any complaints or any UK company scams you, here is where you should go to report it.
The Insolvency Service is an Executive Agency of the Department of Business, Innovation and Skills (BIS). The Company Investigations team within the Insolvency Service has the power to investigate limited companies where information received suggests corporate abuse; this may include serious misconduct, fraud, scams or sharp practice in the way a company operates. To complain about a limited company that is still trading:
Thre is a online form, on the webpage.
https://www.gov.uk/complain-about-a-limited-company
Tel:
0300 678 0017
By post:
Intelligence Hub
The Insolvency Service
3rd Floor Cannon House
18 Priory Queensway
Birmingham
B4 6FD
--END POST--
Sources
https://bitconnect.co/terms-of-use/
https://bitconnect.co/bitconnect-learning/6/earn-bitcoins-by-referring-new-members
https://bitconnect.co/contact-us/
Cmpany regestry UK https://beta.companieshouse.gov.uk/company/10278342/filing-history
http://www.bizstats.co.uk/ltd/bitconnect-ltd-10278342/
https://www.endole.co.uk/company/10278342/bitconnect-ltd?page=overview
https://companycheck.co.uk/company/10278342/BITCONNECT-LTD/financials
Donations
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I have a bit of knowledge about UK corps coming from a space that utilizes them for legal/tax haven pretty much. they are used for anonymity and the person listed is probably a paid signatory. This is done for several reasons as possibly the country bitconnect is currently located is anti crypto. as for tax filings....if the company does not actually earn income then all that is required of them is a $0 return with no tax liability.
this company could solely be used on the domain level to help protect the company from its true country of origin until there is a clear ruling on crypto.
Yeah , was thinking that to that the Bitconnect LTD is just a fall guy that owns it.
so its okej to report no income and that is not suspicious?
Good info
He is just a virtual office registered agent, not the actual person or people behind BCC...
Yeah hes probably a paid scapegoat or non existent.
So whats the status we are past 31st July deadline?
So we will find out by July 31st if its all a sham hopefully? I've been tempted to get in on it with big investments to compound back daily but very cautious since it seems too good to be true, but I can also understand how it could be a trading bot making the gains and it is a win win situation
Yeah probably around that date tax man comes knocking after a while if papers dont come in.
Those already invested in the perspective that they are making money will continue to deny it for they cannot handle the reality that they would invest in a scam. It's like basic psychology... they would rather attack the messenger than accept that it's a scam. TY for looking out though.
Yeah i think the same. My small hope is, that someone that have not yet invested, and thinking of it. Sees this and dont.
6 months later made a money. Haha
so basically here are a few questions you should ask yourself, cryptocurrency is freely used in other countries without any government issues also in some of these countries the government welcomes cryptocurrencies its beneficial to the economy. At this time unlike the u.s. and the u.k. if you live in the u.s. or the u.k. and have an idea for a crypto company will you setup shop in a place you know you will face a lot of government issues? do you think cryptocurrency is beneficial? do you believe in a decentralized financial economy?
Your questions don't really have anything to do with this.
Income tax is a thing in most countries. Docent matter what currency it is in, in most places.
But you have one point. Why didn't they create Bitconnect in another country where Cryptos does not count as money.
U.K doesn't really seem to be against Crypto just like the rest of EU. They are just scared of money laundering.
I know in the u.s. I read an article the IRS requested the account information including passwords from coinbase, I've seen google and facebook fold to the government (government pockets are endless and they can make a law just to win) most of the crypo companies are in japan, china, thailand etc. there must be a reason for that.
Interesting post. What do you think about mine? Would wou share or resteem it? Thank you for your time.
https://steemit.com/bitcoin/@foodnature/the-truth-or-every-bitconnect-member-has-to-see-this
Nice work dude.
Interesting article. I was about to post a similair post. Sell the coins that you know nothing about. Do proper research on any coin you buy. If the market falls at least you can hold your coins knowing they have a long term future. An interesting website I found: https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins. See: https://www.coincheckup.com/coins/BitConnect#analysis To check BitConnect Investment and research analysis.
Crypto Exchange In Australia?
This is a good article on the best crypto exchange Australia!?