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Ditto. I wonder how many people and how much in losses. This seemed so legit .. I know the account loss he is talking about. Go long on a widow maker when they should have gone short . 20% @ 100x I was trapped in that debacle for 3 days

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- Indianapolis, IN, USA
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I started following an "investment professional" in early March and he was sharing how we can make money trading crypto currencies and and exchange called ALMcoin Exchange.. He was giving trading signals to invest in. At first, he gave everyone $500 and put in their account to trade his signals. He said he was developing and AI Turbo trading artificial intelligence that he was going to sell to the public. He has a chat on What's App called AI Turbo VIP A27 which he shares all of his comments and suggestions. His name is Burton Wilde. His phone number on his What's App profile is 407-394-0023. His company is called the Lane Wealth Club (www.lanewealthclub.com) He also has an assistant named Mia Bell that he puts everyone in contact with. Her What's app number is 312-619-7320 but she has several listed. My main contact is with Mia Bell. Ms Bell reaches out to me every morning and I have archived all of our chat history through June 15th or so. The real scam began when Mr. Wilde started promoting Initial Coin Offerings (ICO's) in his chat group. He touted being able to get in zero risk investments with an opportunity for large gains. I was intrigued. I watched as he recommended a new cryptocurrency coin with a ticker symbol MMR (Metaverse-Mixed Reality). Through the ALMcoin exchange only, you could buy the token before it was listed to the public for $0.90 per token. There were 4 days only available to subscribe to this token before listing, May 2, 2024 - May 6, 2024. The minimum amount of tokens you could purchase was 100,000 tokens or $90,000. I watched as Mr. Wilde touted the coin and he was predicting the opening list price to be around $3.60 on opening day. And he was correct according to the ALM exchange. Had you bought the token for $0.90 you could have sold the token for around that $3.60 mark. I did not participate in this but watched it. One week later another new token was coming to market with the ticker symbol NNET (NueralNet) For this token, you could buy it before listing for $2.00 and the minimum was only 1000 tokens so you could get in for $2000 if you were allotted any tokens. Mr. Wilde explained the allotment process to get tokens as depending on how early you place an order and how big you place an order and he suggested "going ALL IN" to all of his members. Again, Mr Wilde suggested this as a zero risk investment since the token would list for a price higher than $2.00. You had 5 days to place your order before the token listed on the ALMcoin exchange from May 12 till May 17, 2024. For this, I did participate. I subscribed for a total of 200,000 tokens for a total cost of $400,000. For my initial subscription, I used the funds that I had transferred to my ALMcoin account and Mia Bell really was pushing me to get 150,000 tokens but I did not have $300,000 in my account. I was able to get my brother to participate with $100,000 and Ms. Bell actually loaned me $30,000 so I could reach that 300,000 token level and that would get me an additional allocation. Of the 200,000 tokens I applied for, I was allocated 16,849. During the subscription phase of the project, ALMcoin had a sliding bar that illustrated how many people were subscribing to the NNET pre-listing token. According to Mr. Wilde and the subscription bar, this project was oversubscribed 800% meaning the token should have an opening list price of 8 times the $2.00 initial offering price. On May 20, 2024, the NNET token opened at a initial listing price of around $16.00 and moved higher during the first full day of trading. I sold my allocated tokens for an average price of around $21.25 or a profit of $324,470. My brother and I were ecstatic. We did not try to remove our money from the exchange as Mr. Wilde was providing Cryptocurrency contract trading signals for us to invest in. One of the trade signals it was suggested to go in pretty big and I followed those instructions and the trade was a losing trade an I lost about $575,000 of our $600,000 account. I was in close contact with Mia Bell and she did not suggest to close the trade until it was almost too late. On May 21, 2024 a new ICO project was coming to the ALMcoin exchange with the ticker symbol STC (SatCommTech). With all 3 of these new listings. the ALMcoin exchange would include Whitepapers explaining the project. This new STC token had a subscription period of 19 days from May 22, 2024 through June 9, 2024. The pre-listing price was $3.50 per token with a minimum of $1,000 tokens. Again, Mr. Wilde was touting this as a zero risk investment. His first suggestion as the new STC subscription period was to go "ALL IN" with everything you have as early as you can to raise your chances of getting allocated a larger percentage of tokens. On May 22nd, I did invest $7,000 to subscribe to 2,000 tokens. A few days later, the over subscription of the STC token had reached around 800% and Mr. Wilde suggested that the token would list for 8 time the $3.50 pre-listing price or $28.00 per token. At that point he had a new plan available to everyone in the chat group. If you could buy a minimum of 100,000 tokens, he could guarantee that you would be allocated no less than 40% of what you subscribe for. At that point I went to friends that might want to partner with me. I was able to raise $200,000 but was short $150,000. So Mia Bell loaned me $150,000 so I could meet the minimum of of $350,000 for 100,000 tokens. Another friend was able to partner with me for $150,000 and this time if I could raise $250,000 I would get a higher allotment of tokens. Again I was short so Mia Bell loaned me another $100,000 to make this deal.. As the time got closer to the listing date, the oversubscription % reached 2000. Burton Wilde came up with another reason to invest money. He said that we could get a 100% token allocation if we could buy 50,000 tokens at $5 per token. He said his Lane Wealth CLub was guaranteeing a loan that every individual in the group could take out through the ALMcoin exchange. I chose to do this. The loan was through a C2C Merchant for ALMcoin exchange, the Guarantor was the Lane Wealth CLub and I was the debtor.. I was approved for this loan instantly on June 4, 2024 and $250,000 was credited to my account on June 4th and I bought 50,000 STC tokens. My understanding was I could use the profits from the sale of the STC token when I sold after it listed. By the time the STC token listed it was 2600% oversubscribed which meant it would list for in excess of $93.00 per token and I had 113,816 tokens to sell. The token opened for sale on June11th and I sold all of my tokens for an average of $99.00 per token time 113,816 equals a gross sales proceeds of $11,200,000. Once the tokens were sold, the funds showed up in my ALMcoin account but I could not transfer any of the funds out of my account. I was informed that my account was restricted until I can come up with $250,000 of outside funds to pay off the C2C loan that was taken out. I had no way to do this so I contact Mr. Wilde, the guarantor and he said he would throw in $100,000 if I could come up with $150,000 plus interest. Again, I could not come up with the outside funds so I have gone back to Mia Bell to ask her for help. Theoretically I already owe Ms. Bell $280,000 and I am asking her to pay off my loan and interest of around $175,000 so my account gets unrestricted and I can then pay her all that I owe her. The alternative would be for me to file bankruptcy and she gets nothing. I am in the process of negotiating with her as I write this. I am asking that she pay of my loan so I can get her her money, She says she is willing to do that if I pay her $10000 up front, This has been negotiated own to $2000 but I continue to tell her I only have $1300 that I could wire to her bank and so far she has refused that. Now the ALMcoin Exchange is said to be under investigation by the MSB for financial issues and has given a deadline of July 5, 2024 to remove funds from the exchange or they will be locked up for 2-3 years during the investigation. The exchange continually rejects my requests to remove my funds.

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