r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
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Post by r00lish67 on Mar 30, 2020 15:38:51 GMT
If the same guy who identified 2 or 3 other fraudulent Euro P2P platforms is right again, this looks like bad news for Grupeer I'm afraid. He's also a duck. Not our duck. Well, at least, I don't think so .....
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k6
Posts: 160
Likes: 99
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Post by k6 on Mar 30, 2020 16:26:46 GMT
Trying not to create to much hype at the moment but the Grupeer case does look bit similar to recent other P2P platforms that turned out to be a scam ( Envestio, Kuetzal ) If someone is in Grupeer then there is a Telegram dedicated chat and it looks like they already gathering some force for court case and such
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duck
Member of DD Central
Posts: 2,568
Likes: 5,635
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Post by duck on Mar 30, 2020 16:48:25 GMT
..... He's also a duck. Not our duck . Well, at least, I don't think so ..... Nothing to do with me this time, letting a fellow duck do the feather ruffling this time.
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murphy
New Member
Posts: 3
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Post by murphy on Mar 31, 2020 13:44:28 GMT
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Post by southseacompany on Mar 31, 2020 14:59:10 GMT
So, the Monethera playbook. All platforms claim to keep investor funds in a segregated account or separate storage. In these cases, it turns out there was no separate storage and no funds. The fact that not only project payments are paused, but also purported account balances are inaccessible, proves that Grupeer was a scam.
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Post by gher56 on Mar 31, 2020 17:56:36 GMT
So, the Monethera playbook. All platforms claim to keep investor funds in a segregated account or separate storage. In these cases, it turns out there was no separate storage and no funds. The fact that not only project payments are paused, but also purported account balances are inaccessible, proves that Grupeer was a scam. That is what I was thinking in my first post: if the accounts are separate you never have a liquidity problem for what is displayed as being in your own account balance. Obviously that's not what has happened here. And their website still does not display any information about the withdrawals on hold:
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Post by soereng on Apr 2, 2020 12:31:17 GMT
I highly recommend to join Telegram channel t.me/grupeersummary, people are already joining their activities to hire a law farm. As now withdrawals havent been processed by ~2 week, the "scam" option seems to be very likely, unfortunately, sadly...
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Post by kenigmatic on Apr 3, 2020 15:03:19 GMT
This is the latest from Grupeer -
"We have been receiving notices from loan originators that they have been contacted directly by a considerable number of investors urging not to repay the outstanding funds to us, but directly to them.
These uncoordinated activities have caused understandable concerns for several loan originators. Some, in our view, in bad faith have notified us that because of the investors’ activity they are completely suspending all repayments to us.
If our loan originators do not honor their commitments, we cannot fulfil ours."
Incredible how many investors are now threatening Grupeers entire recovery plan.
Everyone must calm down. This storm will pass.
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Post by gmaxkenny on Apr 4, 2020 20:23:23 GMT
The storm will not pass,a lot of their loan originators do not exist and this statement along with others released by them are delaying tactics only. It seems the Covid -19 crisis caused them to bring forward their plans for an exit with investors money due to so many withdrawal requests but now they are finding it hard to escape with the present worldwide restrictions to movement.
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Post by kenigmatic on Apr 5, 2020 16:39:05 GMT
Where is the proof that a lot of their loan originators do not exist? I mean, I'm not naieve, but some proof would be helpful.
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Post by kl on Apr 6, 2020 12:57:20 GMT
If they got nothing to hide, they should get an independent audit organised and we all could sleep at night again assuming the situation is as clean as they claim...
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Post by gmaxkenny on Apr 6, 2020 13:46:32 GMT
Where is the proof that a lot of their loan originators do not exist? I mean, I'm not naieve, but some proof would be helpful.
If you are a Grupeer investor check out the Grupeer Discussion on Telegram and the Grupeer Discussion Summary which has the pinned admin statements. I presume you have read the links on Soerengs post. All the proof is there.
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