Bitcoin Exchange Igot Expands to Over 40 Countries

What most likely happened with Igot.com and Rick Day

We can assume one of two scenarios with Igot.com, but cannot confirm either for now: 1. Igot was created as a money making scam from day 1, based on the following information: 1.1 Igot.com has made false claims regarding being "local" and has advertised being the biggest "Australian bitcoin exchange", while Bitcoin was not regulated or recognized in most of the countries where it operated, and it wasn't recognized as a "bitcoin exchange" in Australia either! 1.2 Igot.com does not publish any phone numbers, or identifable and staffed office locations 1.3 Founder "Rick Day" has changed his name from "Raghav Dayma" and is using his brother's nick name "Ansh" in a manner which implies they're attempting to hide their ethnicity and country of birth, especially when no reference is made to India in any way 1.4 The dispute resolution process -as per their terms and conditions- is litigation in Hong Kong with no trial by jury or class action, which is a catch 22 for people with small investments who are unable to reach for lawyers in Hong Kong 1.5 There is information online on other Indian entities founded by "Rick Day" and his family with suspicious operations (Fake Rolex business) 1.6 Igot.com staff have reduced significantly and their staff shrunk to two brothers with limited to no support to customers on social media or through tickets 1.7 Igot.com have replied to clients via support ticket or direct email with several promises of payment which weren't fulfilled 1.8 Rick Day has confirmed to many clients that he is unable to directly settle their debts at this time. 1.9 No audit reports or statements from regulators or accreditation bodies has been posted to vouch for the sound financial position of Igot.com as "Rick Day" has claimed 1.10 A Winding up notice has been served from Digital X in Australia against 13TH PTY which is one of Igot's Australian entities for not paying their 180K AUD. Digital X used to be a mining company which provides exchanges with bitcoin and retail solutions. SO most likely Igot.com got some bitcoins from them but not enough to account for all the purchases made by clients. A statement which Jessie Chenard's statement to ABC supports.
The Other scenario is that Igot.com is a poorly run business by an Indian born national who changed his name to avoid any prejudice against him and tried to attract investors from the US to acquire liquidity after having his accounts closed in various countries due to his poor protection and Anti-Money Laundering processes. And because Rick assumingly loved Igot so much he wanted to protect it from being heralded as a failure back in early 2015 following his claims of DDOS attacks and bank account closures. Rick probably ran to Kenya and the US to secure funds to start paying clients and getting bitcoin reserves and negotiated with banks to unfreeze his accounts. Nonetheless, even if this scenario was true, his poor service, lack of transparency and withholding people's money for up to 9 months is inexcusable when the justification is nothing but arrogance or denial.
For more info visit www.igotnocoin.com
submitted by Mirrorcrax to Bitcoin [link] [comments]

The truth about Igot.com and Rick Day

I have opened an account with Igot.com more than one year ago in the UAE after hearing about them in the national (local paper) through Vignesh Raja who was managing their PR in the UAE. They claimed to be locally based in the UAE and had a local bank account. I deposited smaller amounts first until depositing a total of 16k USD within the same month.
I kept trading for a whole year -or perhaps so I thought- and had circa 10 USD remaining which I opted to withdraw on October 26th 2015.
Since I sent my request I have discovered the following:
A. Communication: The only way to reach Igot is through a support ticket after logging into your account or through emailing Igot or 'rick day', and they usually redirect you back to the support ticket. The only catch here is that their response to either tickets or emails is sporadic and basically just promises which are unfulfilled.
B. Legal info regarding Igot and their affiliation with Australia: while Igot claims to operate in many countries including UAE, and also claim to be Australian , they used to have an entity in Australia which was affiliated with Igot brand historically back in March 2015, but no longer is, more info on that can be found here: http://abncheck.com.au/abn/66160051990 ,
furthermore, their India affiliate which has Anshuman Dayma -AKA 'Ansh' as referred to on the Igot.com website- as one of the directors is called Igot Tech Solutions, more info on them can be found here: https://www.zaubacorp.com/company/IGOT-TECH-SOLUTIONS-PRIVATE-LIMITED/U72900KA2012PTC061947
In their terms and conditions they refer to Beaumont Ventures who is based in Hong Kong, and has the following bank account Bank in HK: Bank Name Hang Seng Bank Account Name Beaumont Ventures Limited Account Number 288-570856-883 Branch Hong Kong City Hong Kong Swift code HASEHKHH Beneficiary Address Suite 1101, 11/F, Supreme House 2A, Hart Avenue, TST, Kowloon, HongKong Bank Email [email protected] Bank Phone 0420392214
More details on their legal structure and to know more you can follow this link:
http://themerkle.com/fraud/igot-exchange-scam-the-worst-bitcoin-exchange-still-in-operation/
C. Igot Team: One year ago the Igot team had several other people, including 'Dan' who was in charge of their social media communication. now it's only "Rick Day" and "Ansh". Both are brothers and their real names are "Raghav Dayma" and "Anshuman Dayma".
D. Igot has informed me that they have closed their UAE bank account and do not seem very bothered that I'm upset that my withdrawal has exceeded 2 months, or that I am raising this matter to the authorities.
E. So what can you do when Igot does not honor your withdrawal requst?
Here are a few ideas:
  1. Social Media: Twitter, Reddit, Facebook and make sure you tell all the people Igot are following on twitter about your experience, a lot of them are possibly potential investors who will be more than interested to know about how 'Rick' is not honoring his agreements
  2. Your local newspapers and media, in the case of the UAE, I did a search over all the media channels they used for advertisement and told them about my story, usually they would like to know if they were unknowingly advertising for a potentially questionable business. It's also important to note all the spokes people they used be it direct employees or PR because when you raise a case later, if you do need to, they will be accomplices in advertising false information, regardless of the terms mentioned on Igot's website.
  3. Talk to your local authorities, this includes financial regulators, licensing authorities, consumer protection and central banks. Once you're done with that you can move on to the other countries where Igot is operating and share your experience.
  4. Talk to the Australian authorities including ACORN who are in charge of monitoring Cyber Fraud, here are a few links:
http://www.acorn.gov.au/ (Make sure you mention Rick Day, and his real name, as well as Ansh and his real name in your report, you can always refer to their Australian entity.
http://cybercellmumbai.gov.in/ Make sure you mention Igot technologies and you can get all needed info from the link above
https://www.centralbank.go.ke/ Complain to the central bank in Kenya who is currently investigating the legitimacy of bitcoin companies such as Tagpesa who was recently acquired by Igot
http://www.mas.gov.sg/contact-information.aspx Monetary authority in Singapore, their entity there is : igot Singapore 51 Goldhill Plaza Singapore 308900 Singapore
As for the location where Rick Day is currently based, you can report him to the following authorities:
http://www.ic3.gov/default.aspx FBI Internet crime investigation
F. After demanding from 'Rick' to return my money, I was blocked from their twitter account.
I will post other ways to report Igot soon. I already informed Igot that I will be taking action against them, because I really worked hard for my money and will not sit around with my fingers crossed hoping they have a change of heart.
submitted by Mirrorcrax to btc [link] [comments]

06-20 22:12 - '$10k reward if you can get my 15 bitcoins back.' (self.Bitcoin) by /u/nugget_alex removed from /r/Bitcoin within 726-736min

'''
I am owed 15 bitcoins by Igot.com, who have now relaunched as Bitlio.com. I had three pending withdrawals with Igot.com but they never paid up and have locked my account. The 'owner' Rick Day has fallen off the face of the planet. I have his phone number, his brothers, and his dads. They hide out in India mostly from what I can gather. None of them answer my calls anymore. The terms have been updated to be based in Hong Kong so it is hard to fight them from a legal standpoint in countries like Australia. Every government agency has given me the run around and just pass the buck. So here I am offering $10k reward for any lawyer who will take the case or anyone who can get my bitcoins back. Any info on Rick Day, Anshuman Dayma, Vijay Dayma would be greatly appreciated. Stop these crooks who continue to scam people to this day. Cheers guys. EDIT: PS I don't want anyone getting hurt, just want my coins back :) More info @ [link]1
'''
$10k reward if you can get my 15 bitcoins back.
Go1dfish undelete link
unreddit undelete link
Author: nugget_alex
1: *ww.**otn*co*n.com/hom**html
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

04-13 20:56 - 'What most likely happened with Igot.com and Rick Day' (self.Bitcoin) by /u/Mirrorcrax removed from /r/Bitcoin within 647-652min

'''
We can assume one of two scenarios with Igot.com, but cannot confirm neither for now: 1. Igot was created as a money making scam from day 1, based on the following information: 1.1 Igot.com has made false claims regarding being "local" and has advertised being the biggest "Australian bitcoin exchange", while Bitcoin was not regulated or recognized in most of the countries where it operated, and it wasn't recognized as a "bitcoin exchange" in Australia either! 1.2 Igot.com does not publish any phone numbers, or identifable and staffed office locations 1.3 Founder "Rick Day" has changed his name from "Raghav Dayma" and is using his brother's nick name "Ansh" in a manner which implies they're attempting to hide their ethnicity and country of birth, especially when no reference is made to India in any way 1.4 The dispute resolution process -as per their terms and conditions- is litigation in Hong Kong with no trial by jury or class action, which is a catch 22 for people with small investments who are unable to reach for lawyers in Hong Kong 1.5 There is information online on other Indian entities founded by "Rick Day" and his family with suspicious operations (Fake Rolex business) 1.6 Igot.com staff have reduced significantly and their staff shrunk to two brothers with limited to no support to customers on social media or through tickets 1.7 Igot.com have replied to clients via support ticket or direct email with several promises of payment which weren't fulfilled 1.8 Rick Day has confirmed to many clients that he is unable to directly settle their debts at this time. 1.9 No audit reports or statements from regulators or accreditation bodies has been posted to vouch for the sound financial position of Igot.com as "Rick Day" has claimed 1.10 A Winding up notice has been served from Digital X in Australia against 13TH PTY which is one of Igot's Australian entities for not paying their 180K AUD. Digital X used to be a mining company which provides exchanges with bitcoin and retail solutions. SO most likely Igot.com got some bitcoins from them but not enough to account for all the purchases made by clients. A statement which Jessie Chenard's statement to ABC supports.
The Other scenario is that Igot.com is a poorly run business by an Indian born national who changed his name to avoid any prejudice against him and tried to attract investors from the US to acquire liquidity after having his accounts closed in various countries due to his poor protection and Anti-Money Laundering processes. And because Rick assumingly loved Igot so much he wanted to protect it from being heralded as a failure back in early 2015 following his claims of DDOS attacks and bank account closures. Rick probably ran to Kenya and the US to secure funds to start paying clients and getting bitcoin reserves and negotiated with banks to unfreeze his accounts. Nonetheless, even if this scenario was true, his poor service, lack of transparency and withholding people's money for up to 9 months is inexcusable when the justification is nothing but arrogance or denial.
For more info visit [link]1
'''
What most likely happened with Igot.com and Rick Day
Go1dfish undelete link
unreddit undelete link
Author: Mirrorcrax
1: www.igotnocoin.com
submitted by removalbot to removalbot [link] [comments]

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