Ushare: Blockchain Scam Cheating Investors

Introduction

Ushare emerges from the shadows of failed scams as a blatant attempt to revive a collapsed Ponzi empire, luring in new victims with promises of quick riches amid economic turmoil. Founded by Daniele Marinelli, a serial fraudster with a history of exploiting trust, Ushare operates under a veil of secrecy that screams illegitimacy from the outset. With no clear disclosure of ownership, a website riddled with vague claims, and ties to Italy’s underground scam scene, this scheme preys on the vulnerable, capitalizing on global uncertainties like the COVID-19 pandemic to boost recruitment. What follows is a scathing dissection of Ushare’s fraudulent core, exposing how it deceives participants through manipulated investments, recruitment-driven payouts, and a complete absence of genuine value. This is not innovation; it’s exploitation dressed in blockchain jargon, destined to leave a trail of financial devastation.

At its heart, Ushare is a reboot of the infamous DT Coin Ponzi, where affiliates are tricked into investing in worthless internal tokens under the guise of cutting-edge technology. The company’s website, ushare.marketing, offers scant details beyond hyped-up pitches for a “blockchain phone” that has little to no relevance to the actual scheme. Registered anonymously and updated in secrecy, the platform’s Italian roots—evident in its “Ushare Italia” branding—hint at a localized fraud expanding its reach to desperate investors worldwide. Marinelli, residing in Rome, uses his company DT Circle to link Ushare directly to his past failures, positioning it as a desperate cash grab to offload his own losses from previous collapses. Victims are not partners in prosperity; they are mere bagholders, funneled into a system where new money props up the old, ensuring the majority walk away empty-handed. This introduction sets the stage for unraveling the layers of deceit that make Ushare one of the most insidious scams in the MLM landscape.

The Deceptive Origins of Ushare

Delving deeper into Ushare’s origins reveals a foundation built on lies and evasion. Launched in March 2020, the scheme cynically timed its debut to exploit the fear and financial instability brought on by the emerging COVID-19 crisis. Instead of offering real solutions, Ushare dangled the allure of passive income through blockchain investments, preying on those hit hardest by economic downturns. The lack of transparency is staggering: no executive bios, no verifiable addresses, and no regulatory filings. This opacity isn’t an oversight—it’s a deliberate tactic to shield the perpetrators from scrutiny while they siphon funds from naive recruits.

Daniele Marinelli stands as the architect of this fraud, a man whose track record is littered with collapsed schemes. His involvement is no secret among those who’ve been burned before; through DT Circle, he resurrects the DT Coin model, which previously left investors holding worthless digital assets. Marinelli’s strategy? Position himself as the “biggest bagholder” from the old scam, then use Ushare to dump those losses onto fresh victims. This isn’t entrepreneurship; it’s predatory recycling of failed Ponzi mechanics. The website’s mix of English and Italian elements further muddies the waters, creating a false sense of international legitimacy while confining operations to unregulated territories. Critics have rightly called out this setup as a “new ruse to sell the same Ponzi scheme,” highlighting how Marinelli manipulates perceptions to keep the grift alive.

The harm begins here, with false promises drawing in families and individuals seeking stability. One victim’s lament captures the essence: “My family and I were screwed by a dear friend who promised us a full salary just by putting €100.” Such stories underscore the emotional manipulation at play, where trust in personal networks is weaponized to fuel the scam. Ushare’s origins aren’t rooted in innovation but in calculated deception, setting the trap for thousands to fall into financial ruin.

How the Scam Operates

Ushare’s operational model is a masterclass in deception, cloaking a simple Ponzi structure in complex blockchain rhetoric to confuse and captivate. Affiliates are enticed to join for free, but full participation requires investing in “Ucards”—packaged bundles of DT Coins ranging from €100 to €12,000. These investments promise passive returns through an internal exchange where Ushare arbitrarily inflates the token’s value. However, there’s no external market validation; the entire system relies on new investments to pay out old ones, creating a fragile house of cards destined to collapse.

The so-called “blockchain phone,” priced at a discounted €1190, serves as a deceptive hook. Marketed as a revolutionary device for data management, it bears no real connection to the compensation plan or revenue generation. The review exposes this as mere window dressing: “Beyond pricing and the vague marketing pitch, no further information is provided.” In reality, Ushare claims to generate income from selling user data, but provides zero evidence of such activity. This phantom revenue stream is a classic scam tactic, allowing operators to justify payouts without any legitimate business operations.

Deception extends to withdrawal mechanics, where 30% of commissions are forcibly converted to DT Coins, trapping affiliates in the ecosystem. Attempts to cash out often meet delays or outright denials, as seen in complaints about unfulfilled promises: “Last year they promised to be able to withdraw the tokens and still nothing. A huge rip off.” Geographic biases compound the fraud, with investment requirements manipulated based on location, disadvantaging non-European participants and favoring early insiders. This operational sleight-of-hand ensures that while top recruiters like Marinelli profit, the average affiliate faces insurmountable barriers to recovery. The scam’s harm is palpable, turning hopeful investors into perpetual recruiters in a futile bid to recoup losses.

The Fraudulent Compensation Plan

Ushare’s compensation plan is a labyrinth of incentives designed not to reward effort but to perpetuate recruitment, ensuring the scheme’s fraudulent nature. Structured around 12 ranks—from basic Affiliate to the lofty Double Black Diamond—it demands escalating downline investments, with top tiers requiring absurd sums like €43,750,000 in recruited funds. This pyramid setup guarantees that only a tiny elite benefits, while the masses subsidize them through their own investments.

Referral commissions offer 15% on personally recruited investments, but only on 80% of the funds, with the rest funneled into the system. Residual commissions via a unilevel structure pay out percentages from 3% to 29% based on rank, but lower ranks often see their earnings passed upline, starving the base. The matching bonus, up to 27% on downline residuals, further incentivizes aggressive recruitment, creating a cult-like pressure to build legs. Rank achievement bonuses, like €1,000,000 for Double Black Diamond, are partially paid in DT Coins, locking value away. The Fast Start Bonus adds time-sensitive urgency, pushing recruits to hit targets like €375,000 in downline volume within 270 days—impossible without exploiting others.

This plan’s fraudulence lies in its detachment from real sales; commissions are “tied to investment volume,” not product value. The 30% DT Coin mandate is a coercive trap, as internal value manipulation allows Ushare to control payouts arbitrarily. As one critic notes: “The products are total scam.” Regulatory blind spots enable this, with no oversight ensuring fair play. The result? Mathematical certainty of loss for most, as new recruits fund withdrawals for the old guard, amplifying harm through broken promises and financial despair.

Ponzi Scheme Exposed

At its core, Ushare is an unadulterated Ponzi scheme, recycling invested funds to simulate returns while recruitment sustains the illusion. Affiliates invest in DT Coins expecting appreciation, but value is set internally by Ushare, paid out with new money—a textbook Ponzi definition. The scheme’s exposure comes from its reliance on perpetual growth: “When Ushare affiliate recruitment dries up once again, the Ponzi scheme will collapse.”

Exploitative elements include false listings on non-existent exchanges like Coincapital.Live, revealed as Marinelli’s own blog, and busted IPO promises delayed indefinitely. An “additional delay has been announced by the CEO, without any date,” leaving clients unable to cash out. Victim outcries expose the Ponzi math: “Math guarantees the majority of investors in a Ponzi scheme lose money.” Harm manifests in personal tragedies, with families lured by “get rich quickly” myths only to face ruin. Ushare’s cultish persistence, despite evident failures, preys on denial, turning participants into unwitting accomplices in their own downfall.

Regulatory Violations and Lack of Oversight

Ushare flouts every regulatory standard, operating as an unregistered securities offering with passive investment promises but no disclosures. “Nor is the company registered with financial regulators,” allowing it to evade accountability while peddling high-risk schemes. This lack of oversight enables deceptive claims, like phantom data sales and stock exchange listings, without verification.

Violations extend to geographic discrimination and unfulfilled withdrawals, breaching basic consumer protections. The harm is systemic: without regulation, victims have little recourse, amplifying financial losses. Calls for arrests—”They should be arrested”—highlight the need for intervention, yet Ushare’s secrecy prolongs the fraud, underscoring a broken system that fails to protect the vulnerable.

Ties to Previous Frauds

Ushare’s ties to Marinelli’s past scams paint a picture of serial deception. It’s a direct reboot of Diamond Temple Coin (DT Coin), which collapsed after three years, leaving bagholders stranded. Through DT Circle, Marinelli offloads old losses onto new Ushare recruits, perpetuating the cycle. Derivatives like Synapsia and Maia, plus fabricated deals like a “$2.5 billion UAE Sheiks agreement,” echo vintage scams.

This pattern harms by recycling victims: “You then take their place as a new DT Coin bagholder.” Marinelli’s history of quiet collapses warns of impending doom, with Ushare as just the latest iteration in a lineage of fraud.

Victim Stories and Harm Caused

The true toll of Ushare lies in victim stories, tales of betrayal and ruin. One recounts: “I’ve been told about cryptos… but after I did my research I stayed away… big Ponzi scheme.” Another: “Shame on those who created it and those who contribute to this scam… They should be arrested.” Families suffer most, promised salaries for minimal investments only to discover the trap.

Harm extends beyond finances to emotional devastation, eroding trust and fostering desperation. “Just sorry for all people who believe in it, not their fault,” yet the cult-like grip keeps victims injecting money, prolonging suffering. Ushare’s deceptive allure destroys lives, demanding justice to halt the cycle.

Conclusion

In summation, Ushare stands as a egregious example of Ponzi fraud, masterminded by Daniele Marinelli to exploit and impoverish. From its secretive origins and deceptive operations to its fraudulent compensation and regulatory evasion, every facet screams scam. Ties to past failures and victim hardships underscore the profound harm inflicted. Potential investors must heed the warnings: Ushare offers no path to wealth, only inevitable loss. It’s time to expose and dismantle such schemes, ensuring fraudsters like Marinelli face consequences before more lives are ruined. Avoid Ushare at all costs—it’s a predator in digital clothing, destined for collapse and condemnation.

Written by

StormWarden

Updated

5 days ago