CryptoSentinel :: crypto news and analysis – Telegram
CryptoSentinel :: crypto news and analysis
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All things crypto and IEO + focus on scams!

Spinoff from famous Russian crypto media group CryptoChasovoy @ICOkaraulny

Run by @Icomuzhik

Crypto Wallet World: @walletw

Chat: @airdropchatter
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POTENTIAL SCAM ALERT:

Anyone hear of David Drake Family Office?

They claim to be connected to $1.6T in Family Office wealth. They contacted me and let me know that their due-diligence on a company is whether you can hire one of about twelve partners, who then give 50% of that to David. I was invited in saying that if I were to join that group they would send me ICO clients for Stokens and David would get 50% of what I charge and the referring partner would get 10%.

I spoke with several people who told me that after they get paid they stop talking to the entrepreneur or provide the paid services but do NOT find money for them.

I then spoke with his partner who referred me into this group and asked what due-diligence they do before sending on a client to the families and he said that their due-diligence is whether the person can pay. I told him that is pure bullshit. What about team, P&L or pro forma, traction, major clients or competitors, size of the opportunity, a demonstrable and defensible business model...

Yeah, right. BEWARE
​​No crowdsale - no pain. Some of the recent initial coin offerings that had no public crowdsale.