6 Points That Make Juicyfields a Scam with a Ponzi Scheme

Juicy Fields is an online investment platform that allows you to invest in the medical marijuana industry. The company claims to have over 500,000 active accounts. It also has a Telegram channel where you can chat with company employees. However, we found several issues with this website. We’ll look at the points that make Juicy Fields a scam based on a Ponzi scheme where only the first movers win.

Juicy Fields is an online investment platform that allows you to invest in medical marijuana production.

The site has been down since mid-July, when investors were unable to log into their accounts. The company has since suspended operations, and some investors have even been prevented from withdrawing their funds. The company claims that up to 500,000 investors are affected, and the damage could amount to billions of euros. Juicy Fields urges investors to report any cases of fraud. The Juicyfields website offers a unique opportunity to invest in medical cannabis production. The company promises returns of up to 66% on your investment. However, investors were disappointed when the company shut down in mid-July. The website has since experienced frozen withdrawals, and some investors have even filed lawsuits against the company.

Juicyfields was first launched on April 1, 2020, as a practical joke. The platform was attractive, and the minimum investment was only €50. The promised high returns attracted thousands of users who shared their successes on Telegram groups. Thousands of users had user accounts and were eager to learn more about the company. Juicyfields was so successful that it quickly attracted the attention of European financial regulators.

Juicyfields has the potential to be a game changer. The company’s model helps bridge the gap between demand and the legal market. This means that new entrepreneurs can enter the field and become entrepreneurs. This will create a new environment that allows for rapid legal revenues. Too High a Return May Reveal a Scam – The Smart Investor

It Promises a Return of 172% Per Year

There are many versions of the story. But the most common claims that a group of Russians orchestrated the scheme. The company’s former top executives haven’t made a public appearance since the scandal broke. As a result, the company’s website remains down, and no one can withdraw their money.

Several Dutch financial regulators have warned investors that Juicy Fields is a scam. Although the company’s website states that it is registered in the Netherlands, there is no evidence to support this. According to the TBBOBS investigation, the AMF told them that the company was likely a scam. They said the company does not have a license to provide financial services.

Although the company’s marketing campaign was very attractive, many people reported losing money. The average return on the Juicyfields scheme is only about 29%. Those who were scammed reported losing more than €200,000.

It’s a pyramid scheme.

Although it claimed to be the world’s largest marijuana business, Juicyfields has been accused of being a Ponzi scheme. Its web platform enticed people to invest up to €180,000 in a company that promised high profits. This despite the fact that the company failed to pay its workers or provide identification documents. Instead, the company paid investors to create a winning image, which it spread through social media, influencers, online advertising, and trade shows. As a result, many doubts were raised about Juicyfields’ business model, but these were ignored.

Juicyfields’ former CEO, Alan Glanse, denied being behind the alleged scam. However, he admitted to meeting with Juicyfields’ real owners at least five times over the past two years. According to these accounts, the real owners are Paul Bergolts and Robert Laibach, who hold Russian passports. These two men are also said to be shareholders in the company’s candidates.

According to its website, Juicy Fields claims to have over 500,000 accounts. However, there is no way to verify this figure. The company has lied about partnering with other platforms. There are many red flags associated with this scheme, and investors should be wary. Investing in Juicy should only be undertaken after a thorough investigation. The Dutch financial regulator does not recommend this scheme.

A number of victims contacted authorities after investing in Juicyfields and reported the alleged fraud. These individuals are now working with lawyers to file a lawsuit against Juicyfields.

Red Flag for Juicy Fields Platform as a Well-Organized Scam – The Smart Investor

It is not registered/authorized

A recent investigation into Juicy Fields revealed that the company had failed to disclose the truth about its business. The company allegedly failed to provide an investor information sheet or prospectus, in violation of the German Securities Act and the Investment Act. Furthermore, Juicy Fields failed to provide investors with a prospectus in accordance with the EU Prospectus Regulation.

The company’s ultimate owners are believed to be Colombian and Russian nationals. The scammers are using an online forum to solicit investors from various countries. It’s important to remember that Juicy Fields is not registered or licensed, and therefore, you risk losing your money. You should always exercise caution when dealing with unregistered companies, as governments will not be able to help you recover your money.

Juicy Fields was initially launched as a joke in April 2020. The scheme was attractive because it required a small amount of money to invest and promised high interest rates. The company was later acquired by an African firm and subsequently sworn in a new CEO.

Cash Withdrawals Frozen

In response to an ongoing strike by Juicy Fields workers, the company froze all cash withdrawals for 48 hours. The company is also deleting its social media accounts and Telegram groups where investors discuss the strike. The strike prompted the company’s CEO, Willem van der Merwe, to resign.

While the site’s administrators deny responsibility for the company’s problems, the company’s founders have not commented on the matter. However, there are some clues that may help investors determine what’s going on with the lucrative fields. First, the website claims the company has been hacked.

A number of Juicyfields employees have also declared a strike to protest the non-payment of wages. 260 complaints have been filed to date, and many of these victims have come together to take collective action. However, they do not want to overwhelm the police with too many complaints. Second, some Juicyfields employees have been suspended, according to a spokesperson.

Juicyfields executives declined to provide further information on their business model, citing user privacy concerns. Previously, Juicyfields users could purchase plants, manage virtual greenhouses, and have their cash deposited and paid out. But recent developments have called this into question. The latest sign of the Juicy Fields scam was the removal of social media profiles – The Smart Investor

Deletion of social media profiles

Juicyfields, the company that produces and sells a wide range of cannabis products, removed itself from social media following the company’s strike. Staff were not paid, and cash withdrawals were frozen. The company then deleted all of its social media profiles and Telegram groups, despite an announcement stating that the freeze would only be temporary. The company’s CEO, Willem van der Merwe, resigned from his position.

The company’s Facebook page has been offline since Wednesday, making it difficult for investors to verify the company’s authenticity. However, a few hours later, the page was active again. It listed two brothers as co-owners and attorneys. It also listed a phone number to contact the owners.