Can you summarize the proof your accusations? It's too long and I think few care.
I've only read enough of their whitepaper and can conclude that they are quite shady. Some of the "problems" reviews they wrote were not based on their own case studies, but on the findings of others without citing sources.
https://mgtsolar.com/whitepaper from page 6
-snip-
A nutshell explanation being that the Megatech project holds the (REC's) Renewable Energy Certificates of the project which have a monetary value , and the Off Taker ( who signed the ( PPA ) Power Purchase agreement with Megatech , get the benefit of reducing their CO2e , because they are consuming Green Energy as opposed to Brown Energy , and have mitigated their energy consumption. Renewable Energy Certificates (RECs) are a market-based instrument that certifies the bearer owns one megawatt-hour (MWh) of electricity generated from a renewable energy resource. Once the power provider has fed the energy into the grid, the REC received can then be sold on the open market as an energy commodity. RECs earned may be sold, for example, to other entities that are polluting as a carbon credit to offset their emissions. RECs also go by other names, including Green Tags, ...etc
original:
https://greenwaveenergy.com/renewable-energy-certificates/Nice catch. Yes a quick summary....
SummaryMegatech have pretended to have bought two solar power plants; Beta and Sediba. Megatech have plagiarized this information. Dick Paul Splinter Berlijn (Berlin) owns these two plants.
If you wish to confirm such details you can also purchase the full business reports or contact Mr Berlin via the website
https://subsolar.co.za or e-mail
info@subsolar.co.zaMGT giveaways, competitions and staking would dilute ownership and does not make a well structured business structure model. In the real world this is not sustainable.
There are unrealistic returns advertised by Megatech and there is no financial body registered to sell the MGT Token security. The STO/ICO is illegal and has place investors in a precarious situation where they may have broken laws in their country and could face penalties.
Any irregularities can be reported to the Mineral Resources & Energy of South Africa @
https://www.dmr.gov.za/reportIt is concluded the Megatech has been caught out lying which is of no surprize considering the correlation to
Apollo Fintech and
Steve McCullah, as the same practices are used.
Megatech is a SCAM. Original thread, Apollo Fintech Scam:
https://bitcointalk.org/index.php?topic=3233704.msg59047137#msg59047137