Letter from a token holder "How I was scammed by William West"
7 May 2019 | Investment Scams, Misrepresentation, Fraud

I wanted to write to you to tell my story on how I was scammed by William West. I would appreciate it if you kept my identity anonymous as William West has my GDPR data. He has very vindictively used the private data of ex token holders to doxx, harass, slander and threaten them. I don't want to be another victim!

In April 2018 I decided to dig into my savings and purchased a number of Invacio tokens during their ICO.   Tamius and Aquilla were the main two reasons why I purchased the Invacio tokens. Tamius was Invacio’s flagship product/service. It was the first listed in their WP and was heavily marketed during the Initial Coin Offering (ICO) token sale. It was very exciting since Tamius was advertised as a complete banking service powered by the blockchain, merging both crypto and fiat currency. The underlying technology behind crypto currency is the blockchain. The Tamius product was the only Invacio product directly linked to blockchain technology. I was particularly interested in supporting companies that made use of this technology and wanted to be part of it. Taking this into account, Tamius was the main reason why I purchased the tokens. To add to this, its full release was only a matter of weeks away which further influenced my decision to purchase tokens. Invacio claimed that Tamius was 70% completed and due for full roll out in Q2 –Q3 2018.

After the ICO had ended, the main Invacio telegram group was shut down without warning by Invacio. At this point i was invited to join a new telegram group run by some Invacio token holders. It was here I made contact two ex team members of Invacio. These gentlemen helped with the marketing literature for Invacio and they both independently told the group that Tamius was nothing more than an idea in the head of Williams West (CEO). Both claimed nothing had been done in the development of Tamius. When I asked them why it had been advertised as 70% complete, they explained it was because William West had insisted it to be advertised as such. They claimed that Tamius was no more than an idea in Williams head. They told me that it had become abundantly clear that William West was a con man and they didn't want to be associated with a scam company, hence their reason for leaving.

A few months after the ICO, Invacio informed the public that the Tamius project had been shelved for good. As far as I can tell not a single thing was ever done to develop the banking solution that was supposedly 70% complete in January 2018. Invacio did produce a wallet in which you could store your Invacio tokens. It should be noted that this can be produced by a competent coder in a matter of days. You can also buy wallets off the shelf which I suspect is what Invacio did. Many crypto currencies produce wallets for their token holders and they are all free to use. The Invacio wallet (also free to download) has since been shelved because it was simply a terrible wallet. The fact the entire Tamius project has been ditched is not at all surprising to me and it proves my fears were warranted. I would also argue it strongly suggests the testimony of multiple ex Invacio team members to be truthful. This is one of many examples where in my opinion Invacio have grossly misrepresented themselves in order to entice investment for the financial gain of William West and his company.

The second product/service that sold Invacio to me was their hedge fund named Aquilla. The White Paper claimed that Aquilla was 100% competed and due for full roll out in Q2-Q3. Invacio described Aquilla as being “a hedge fund governed by human equity management” that employed “the full power of Invacios multi-agent AI, Invacio Data and fintech divisons”. The reason I was so interested in Aquilla was because Invacio had promised those that bought a certain minimum of tokens would receive actual share equity in the company Invacio Holding (UK) Ltd in return. This was a major draw to me since hedge funds can be extremely lucrative and I wanted to own a piece of it. Also, it’s not every day you are presented with the opportunity to invest in a hedge fund. This really excited me and the fact the WP advertised the hedge fund as being 100% completed led me to believe it was all set up and ready to go. How wrong I was.

I soon found out that Invacio had completely misled me. There was no hedge fund at all. The truth is, a few Invacio staff and friends had entrusted an associate with a few thousand dollars to invest in the forex market for them. However, the whole thing went pear shaped. The rumor goes that he either lost all their money in the market or ran off with it prior to the ICO. Either way the whole thing was an epic failure. Despite this terrible experience, Invacio decided that they now had a working hedge fund - Aquilla

William West and Invacio knowingly misrepresented Aquilla in order to gain investment form unsuspecting individuals like myself. Had I know the truth there is no chance I would have invested. As I have already stated, Aquilla was very attractive to me since I would essentially own a small piece of its success by way of the C Class shares I was to receive. As it turns out I was never given the equity in the form of C class shares in Invacio Holdings (UK) Ltd as set out in part 2 of the contract agreement. In fact nobody has received any equity in this company as it was dissolved in November 2018.

Another major reason why I invested into the Invacio project, was on the back of the news that they had received a massive investment from an unnamed outside party to the tune of 500 million dollars. This was big news to me and was a huge driver and confidence boost that Invacio really had something special. If someone was willing to invest such vast sums of money my thinking process was that they must have carried out an inordinate amount of due diligence before committing to such a large investment. This gave me the confidence to actually pull the trigger and make my purchase. Not only this but on the back of this huge investment Invacio had slashed their hard cap which stood at $100 million by over two thirds, making the token economics of the project very attractive to me.

It turns out that this was another massive lie by Invacio. The hype factor Invacio employed by concocting this falsehood worked and I was suckered in as I'm sure many others were. I thought I was investing into a well established legitimate  company who was on the verge of signing massive government contracts. I really believed that an outside party had actually invested $500 million into the company. I feel like such a fool now for believing them.

As is the case with all those investors who paid $1 per INV token as i did, we lost nearly all our money. William West didn't care a damn. I applaud Crypto Clover for exposing him. How William West has the nerve to point fingers at other projects such as ARB is beyond a joke.   

Thank you for taking the time to read this. I wish you well in your fight against William West

Source: https://invacioclassaction.com/expose/f/letter-from-a-token-holder-how-i-was-scammed-by-william-west