GUILTY Case# 2018-083 | Rimma vs

Based on the available evidence, do you believe that is Guilty?

  • Guilty

    Votes: 52 100.0%
  • Not Guilty

    Votes: 0 0.0%

  • Total voters
  • Poll closed .


Original FPA Traders Court Submission:

I am submitting the case against:

My Case is: USI Tech Limited is an HYIP or high yield investment program that offers an ROI of about 1% daily for 140 days, equally a total ROI of 140%. The company claims to be registered and based in Dubai, UAE and specialize in trading on the cryptocurrency market with their automated trading software that they invented.
I noticed that the websites have two different business addresses listed on them. Their official website shows the following information:
USI-TECH Limited
P.O Box 122036 Dubai, UAE
Dubai Business Registration: ICC20160282

This information is NOT valid. Actually it belongs to another Dubai business by the name of Rakicc, a Middle Eastern investment consulting group which is not affiliated with USI Tech. Its website link is: Apparently USI Tech has chosen to steal another company’s address and business registration number.
The second address listed:
USI-TECH Limited
P.O. Box 65736
708 Fairmont Hotel Sheikh Zayed Road Dubai, UAE
It is a virtual office provided by First Business Center. Anyone can purchase a virtual office service from First Business Center ( complete with a registration number, phone number, and office location. It is important to note that none of the men associated with USI-Tech live or work in Dubai.
It turned out that USI Tech tried at some point to register a company in Ras Al Khaimah which is a common place for offshore businesses to register in the UAE.
It has been confirmed that USI Tech has not been registered in UAE for at least the past eight months.

USI-Tech’s original business model was based entirely on the access to an automated forex trading platform for which the company charged affiliates €600 EUR. USI-Tech claimed that their trading software was making ROIs of more than 100% annually. The company never provided any proof of past or present trading even taking place. Because the business was becoming less and less popular, USI-Tech’s owners decided to relaunch as a cryptocurrency opportunity. The main idea behind USI-Tech’s daily ROI was bitcoin trading and mining. But just as with the forex trading, the company did not provide any proof of bitcoin trading either.
Since March 2017, USI Tech has begun making huge headlines throughout the USA for its low-level entry point in investing Bitcoin into USI Tech’s Btc package program with guaranteed profit. According to the founders and leaders, all of this was possible because of USI Tech’s bitcoin trading and cryptocurrency mining connections.
In the video recording on May 3rd, 2017, one of the founders, Ralf Gold is talking about having their own financial license for USI-TECH (I quote) “ready this month…this is valid in the whole world to make own brokers and bullion, everything”.
In the late May, 2017, USI Tech announced on it’s website: “USI-TECH NOW IN USA”. The website domain (“”) was registered on the 23rd of June, 2016. Joao Severino is listed as the owner of the domain, with an address in Portugal. This announcement is quite interesting because according to Alexa estimate, the traffic to the website started in the USA and the USA has always been the top source of traffic to USI Tech’s website, meaning USI-Tech is and has always been in the USA.
On August 26th USI-Tech held an event during which came yet another announcement. USI-Tech corporate got on stage and announced the law firm Hart & David. In what appears to be a direct challenge to the SEC’s securities regulation, he assured that Hart & David lawyers advised them that USI Tech’s unregistered securities was a “legal product”.

“It has been examined by our lawyers and in their legal opinion, it is a legal product.

It is legal to sell this product as a network marketing product in the United States of America”

“Our lawyers have done all of the research necessary.They have talked to the Federal Trade Commission and they believe, in their legal opinion, which is binding, that USI-Tech Limited is a legal network marketing company – with their two products, the forex software and the BTC package, in the United States of America.”

In reality, USI-Tech Limited is not and has never been registered to offer securities in any jurisdiction they operate in. On Dec. 20, 2017, Texas Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order against USI-Tech Limited. According to the order, USI-Tech is telling potential investors they can make more money by convincing other individuals to invest in the company’s bitcoin packages and by doing it the investors could earn “up to 35% commissions” based on its “unique referral marketing plan.” USI-Tech is not informing investors of the danger in being paid commissions from referrals. Individuals paid these commissions must either be registered with the State Securities Board or qualify for an exemption from registration. In addition to violating registration requirements, USI-Tech and the sales agents are violating State Securities Board rules by failing to disclose information investors would need to make an informed decision about whether to invest. The disclosure violations include: Information about the facilities used to mine bitcoins, the costs of mining bitcoins, and whether they have successfully mined bitcoins; The terms of the contracts and an explanation of USI-Tech’s “non-exclusive interest” in mining contracts; and Information about whether the company’s financial condition is strong enough to provide a 1% daily return.
Following warnings were also issued against USI Tech:
1. USI-Tech investor warning issued in BC, Canada - Dec 18th, 2017
2. USI-Tech investor alert issued in Nova Scotia, Canada - Dec 22nd, 2017
3. USI-Tech investor alert issued in Manitoba, Canada - Dec 23rd, 2017
4. USI-Tech securities cease trade order issued in Ontario - Feb 16th, 2018
5. The North Carolina Secretary of State has issued a permanent Cease and Desist order against USI-Tech - April 6, 2018

USI-Tech’s MLM offering is straight pyramid recruitment. There is no retail side to the business, with everyone signing up as an affiliate with access to the income opportunity. With each USI-Tech affiliate required to recruit three affiliates just to qualify for matrix commissions, mathematically the majority of USI-Tech affiliates are guaranteed to lose money. USI Tech Limited claims to be a technology company which specializes in the development of automated trading software in the FOREX market. Although there is no evidence or proof of the software capabilities, the company maintains that in the last 8 years, more than 100 software versions with different characteristics have been developed and successfully employed in long-term tests. USI Tech proclaims to have a top-class development team with over 20 years of experience whose software systems were developed for trading in direct cooperation with reputable brokers. However, when questioned about it, they were not able to come up with even one name of a development team member or broker.

It is confirmed that since the beginning of October 2017, there has been no trading at all taking place. It means that everyone who signed up with USI Tech since October was misled and lied to by the founders and leaders. USI Tech was founded by Joao Severino and Ralf Gold, and they both have a history of being involved with some very questionable projects. Reportedly, Joao Severino has been barred from financial activity in Portugal, due to his involvement in a scam called AMC Invest. Ralf Gold has been reportedly involved with a number of Ponzi schemes, including AdsProfitReward, MX Fast Money, World Consumer Alliance, HourlyRevShare, AdsProfitWiz, APR Clicks, and Upper Game. January 5th, 2018 the company suddenly closed our accounts in USA and Canada and since then I have not received any payments and they refused to return my Bitcoin. Then a following letter was posted to our back office:

USI News from 24.01.2018
Important news from USI TECH - Horst Jicha
Dear Customers and Business Partners,
The USI TECH Corporate Team is constantly working on the continued sustainability and success of the Company and we are delighted to formally announce that we are re-entering the North America (USA and Canada) market with immediate effect.
USI TECH customers in these jurisdictions will now be able to buy BTC packages and continue to enjoy the benefits of our product.
We are also working closely with our corporate lawyers to look at ways of resuming commission payments and continuing the referral commission for our partners in North America. In the meantime, new customers can be recruited in North America, but provisionally no commissions will be paid until a suitable and compliant solution can be found.
The following applies to all sales partners:
The rebuy commission is currently adjusted so that USI TECH can rebuild reserves and to avoid any further manipulation of our compensation plan whilst we complete our extensive audit. The Company's investments are strategically placed for medium and long term returns, giving the company a sustainable platform to operate from in order to fulfill our claim of being a leading company in the crypto space.
Please note that commissions for the rebuy packages have been discontinued for the reasons already stated and it is important for the company to stress that commissions on rebuy packages are NOT accumulated for future distribution. However, it is the companies intention to resume commissions on rebuy packages once it has completed its audit and it is safe to do so.
This situation arose due to a system error that remained undiscovered for only a few days. Unfortunately, it was possible for some sales partners worldwide, (especially in North America), to professionally manipulate the USI TECH payout system. Funds in the three-digit million range were unjustifiably withdrawn. We are seeking legal advice as to what action to take under criminal procedures to bring the perpetrators to justice, as the damage they caused could have had severe commercial ramifications had USI TECH not had the financial strength to recover. We have been humbled by the commitment of many USI TECH top leaders, who have worked closely with us to help stabilize USI technology reserves, which will also help us achieve the fulfillment of our mining contracts.
With the fulfillment of these contracts we will embed further stability to our company and by May / June 2018 USI TECH will actively boast an impressive 600 Petahash of bitcoin mining. We have already invested a great deal of capital in this market and will continue to do so that will further de-risk our product for the safety of our partners/customers. This will also give USI TECH, partners and customers a global lead in future technology and command the best strategic partners to ensure the most favourable commercial terms for our business giving us greater margin and success - making us a market leader in the Network Marketing arena for us all to enjoy and benefit from.
The priority for USI TECH is the controlled payout of the BTC packages for all partners and customers. The second priority is the controlled payment of commissions meaning there is NO further manipulation of accounts.
Transparency is important to USI TECH.
USI TECH has never had a problem in the USA and Canada, the authorities have been active solely through misconduct, false statements and unauthorized marketing activities of local distributors, which is detailed in the corresponding memorandum of our corporate lawyers below.
The USI TECH Corporate compliance team has been enhanced to ensure we stay compliant and to police any further manipulation of accounts with a strictly no tolerance policy. For you and for us, it is important to communicate faster and better with each other and there will be soon be an internationally valid and legally compliant presentation of the business opportunity, as well as a professionally managed corporate social media presence. None of your questions will remain unanswered as USI TECH are committed to investing in exemplary communication, compliance and customer support.
We have always created a family atmosphere here at USI TECH and we are strong together - Now is the time to go to work and build your USI TECH business.
Together we will win and create a legacy for you and your families future.
Yours faithfully,
Horst Jicha.

On February 24, 2018 the company officially breached the contract with us.

In addition to all above, I invested in the USI-Tech ICO. Mid of 2017 the company started announcing about their ICO, a new token, and the ICO was officially announced at the end of October, 2017. Instead of retrieving percentages of our initial investment, we were strongly encouraged by the company to invest into the ICO. The token was supposed to be directly connected with a great new invention of a founder of the company Evan Ahern who personally introduced the invention in Las Vegas in November, 2017 to me and the audience of about 100 people. The invention was an energy saving device that was supposed to be incorporated into BTC mining. He explained the technology he developed was so wonderful that bitcoin mining would only cost pennies which would make USI-Tech a world leader in Bitcoin mining. There was not a word of truth in that. In reality, the token does not exist, and they defrauded the members once again.
Byron Sneeringer AKA Duane Noble held USI-Tech webinars twice a week through March 18, 2018 where he promoted USI-Tech products, including Forex software, BTC packages, and the ICO. He marketed USI-Tech through the webinars that he had every Wednesday and Sunday nights at 9pm EST, 6pm PST. The lengths of the webinars varied from 2 to almost 4 hours. The majority of my group was introduced to USI-Tech through those webinars. I wired total of $65,715 to Byron Sneeringer to purchase BTC packages via partner rebuy, he charged 5% service fee, or about $3300 for buying BTC packages for me. Byron Sneeringer AKA Duane Noble actively promoted USI-Tech when he admitted he knew that the company did not do either trading or mining. After USI-Tech froze USA and Canadian accounts (January 5, 2018), Byron Sneeringer AKA Duane Noble was telling us not to panic and not to demand our money back. He was pretending to be our best friend, and promised he would help us to get the our investments back. Instead of following up on his promises he started marketing to us new scams such as trading bots or gambling.

My group and I are owed about 50 BTC, 35 BTC are owed to me and Joanna Cid. I had invested 12BTC before they breached the contract. In addition, I purchased trading Forex Software that I have never received and invested to Diamond token package as a group investment. My investment in Diamond package was supposed to quadruple, and I was supposed to have the trading software for life, and also I am owed 140% return on 12BTC according to the BTC package contract. My group is owed the money on BTC packages.

I demand an immediate return of 50 BTC

New thread in the Scam Alerts Folder:

Review is submitted by Rimma on 05/10/18

The company was first contacted about the issue on 02/13/18 the last contact was on 05/09/18

Details: Here are the replies from Byron AKA Duane to my request to return the bitcoin to me and my group

March 16, 2018
Rimma, you're NOT going to threaten me!!!
You're feeding into that hate group, and you need to stop!
I have been kind-hearted to all of you. I just helped Joanna out.
If this is what you want, I'll walk away and you can trade your own damn self.
And that guy is a total douche bag. Go ahead and follow him if you choose. I'm done.
You got your wish. You can all go kick rocks. I'm sick of helping people and getting ****

If you want to have a civil conversation, answer your phone, but don't threaten me. I've always had more respect for you than that, and you know it!
You are approaching me the wrong damn way. I even helped Joanna out the other day. Guess I shouldn't have even done that.

Here are Byron responses to the invitation to join FPA thread:
On May 4, 2018: Quit sending me your bull****! I don't want to see it. Even after helping you out, you still slap me in the face. I can only hope God brings peace to your lives. Your attacks on me are not working. You are wasting your time, while dragging yourself and your name through the mud. What someone says about you says more about them than it does about you. You guys have totally approached me the wrong way and are doing nothing to better further your case with me. Please, stop, sending me garbage and slandering me. If you continue to slander me, you will not like the outcome. I have absolutely NOTHING to do with Jonathan Herpy or Horst Jicha and doubt they even have the courtesy to reply back to you. Ponder that for a moment. God Bless. I wish you peace in your own lives.

On May 10, 2018: Again.... QUIT sending me your bull****! I don’t want to see it. You slander my name as a way to try to manipulate me. That **** WILL NOT work with me! You have already been asked once to stop sending me anything. This is now your second warning.

Reply from USI-Tech limited on May 10, 2018 on my invitation to join FPA thread (I assume it came from a bot):
Thank you for reaching the USI-Tech support. Hope you have a great day!
We don't have yet complete further announcement that you've mentioned, also the Available balance and earning transaction request on the back-office because our technical was still doing to complete on the system, you don't have to worry, your funds has been still recorded and we will be back your funds on your back-office after completing the transactions that they make sure it will be fixed as soon as possible.
Please let me know if do you have further questions.

Thank you!
USI-Tech Support

Other Comments: There is a possibility Duane Nobel AKA Byron Sneeringer purchased a fake company registration and HYIP manager script from the internet for $20 to $80 and has been running the “company” (USI-Tech) from his residence using VPN.

Company representatives' emails: USI Tech <>
Jonatah D Herpy <>
Byron Sneeringer <>
Byron Sneeringer <>
Byron Sneeringer <>
Byron Sneeringer <>
Byron Sneeringer <>
Byron Sneeringer <>
Byron Sneeringer <>



  • Back Office.docx
    408.4 KB · Views: 30
  • Bank wire transfers to Byron Sneeringer.pdf
    3.4 MB · Views: 31
  • Gmail - Sunday Global Impact Team webinar... LIVE trades.pdf
    83.7 KB · Views: 29
  • Software License purchase receipt.pdf
    343.7 KB · Views: 30
  • +18166175299_Voicemail Duane's response to my invitation to join FPA thread on May 9 2018.amr
    103.6 KB · Views: 28
Hi I struggled with the contact emails formats as Byron Sneeringer and Jonathan D Herpy email never came in the formats you requested; only email address is showing when I click on details. Thank you for all your help
Are all the addresses displayed correct? None are at USI Tech? Please post any corrections in a reply here. Regular forums posts are simpler than the Court Case Submission form.
They used to have this address USI-TECH INFO<> thought this was before they changed the web site and the domain name on November 1, 2017
Are all the addresses displayed correct? None are at USI Tech? Please post any corrections in a reply here. Regular forums posts are simpler than the Court Case Submission form.
all the email addresses are correct if that is what you were asking. I was struggling a little with your format requirement, that is all
I missed the one at the top. Yes, the format is a little annoying. There are some major changes planned for how the whole system works which will fix that, but those won't happen for another month or two.

You've already invited them. I'm now sending the formal FPA invitation. Please post an update on Wednesday the 23rd to let me know if there has been any progress or not.

Can you do me one favor? Please look here...

Some of the regulator warnings are posted. If you could, please reply to this message and post links for any regulators which are not linked in the notes at the top of the page. I need direct links to the alerts on the regulator websites, not links to articles about the alerts. If you can get those, it will speed up getting them added to the review page.
I missed the one at the top. Yes, the format is a little annoying. There are some major changes planned for how the whole system works which will fix that, but those won't happen for another month or two.

You've already invited them. I'm now sending the formal FPA invitation. Please post an update on Wednesday the 23rd to let me know if there has been any progress or not.

Can you do me one favor? Please look here...

Some of the regulator warnings are posted. If you could, please reply to this message and post links for any regulators which are not linked in the notes at the top of the page. I need direct links to the alerts on the regulator websites, not links to articles about the alerts. If you can get those, it will speed up getting them added to the review page.

Hi, I am just posting an update that you requested. That update is that no one from the USI-Tech has responded or tried to contact me. Let me know what the next steps are. Thank you!