Scam Alert!

BlockBeats is by Christoph Hering, a notorious liar, trash talker and ICO-scammer. Please follow https://bitsharestalk.org/index.php?topic=25845.msg318760#msg318760

The money on the accounts of Payger.com/Echo Industries GmbH (declared holding company for BlockBeats) originate from the Blockpay ICO, where investors were betrayed by Christoph Hering and Kenneth Silver (a serial fraudster with search warrant in the US.)

How comes that an event gets cancelled that allegedly had 1300+ visitors, 60+ speakers etc.

Announcements from Christoph Hering never materialize. Don't give him any money!!!

The scumbag Dr. Wolfgang Hering drafted an invalid contract for handing over the shares from Rodrigo Crespo, explicitly circumventing a paragraph of the civil law in Germany. It is one of the deliberate fraudulent acts in the process of stealing investors funds by means of laundering steps.

FUD is what pie777 is doing, because it represents the factual position of the Herings while they are absent.

Not being present and neglecting due duties that come with the responsibility of exercising the role of investment takers and executives of corporate entities (including the entity Blockpay that was founded by them as a cryptocurrency project with certain binding rules) is what pie777 should be concerned about. So called development newsletters with no verifiable information are not a substitute for investors rights on disclosure of the financials and true corporate affairs of the actual entities they have invested in.

Dr. Wolfgang Hering is a scumbag, he is corporate council of the Bitshares Foundation. This criminal was directing the measures that led to the current situation. He is rigging Bitshares as a platform by creating a precedent for ripping off investors and filling the pockets of scammers, in particular those of his son. They could have ended the project when it failed and when they became fully aware of the development scam, instead they abused the situation and stole the funds.

It couldn't have worked out for them if they had founded a conventional corporation in stocks. A cryptocurrency project is not an exception under the law, in particular in Germany where they are located.

It would be interesting to know how/why pie777 always relays statements that are not from himself. Needless to say that Christoph Hering never provided any meaningful information about the tokens since they were incepted based on fraudulent claims and misrepresentation. I had posted enough details about that. Ken Code is a scammer, and the effect of it was the non-existing Blockpay software as a whole. No PoS, no Stealth, no finished wallet, no API, nothing. Yet Christoph Hering took all funds out of the fraudulently declared escrow, conversed them and declared that only 110BTC were left at some point of time (even that was a wrong figure). The Herings effectively distributed the funds between themselves and Ken Code, that's a recognized scenario of an exit scam. There is no convincing reason for the declared so called rebranding (criminal misrepresentation) of Blockpay, Payger made the situation even worse. Now we hear something that the Payger token will be converted from Blockpay somewhere in the future on unknown terms. Without going into further details, that's an unbinding promise, and thereby in effect a fraud. How can the Herings claim they did anything that was consented, or even remotely announced before the pre-ICO? It is an investment scam, investors are treated as donors for gifts to the Herings and Ken Code, with absolutely no relation of development costs and stated purpose with the actual spending of the funds. Ken Code is a serial fraudster with a search warrant who scammed at Blockpay, Christoph Hering is co-beneficiary and complice of that fraud.  

It's an exit scam. Blockpay is defunct with the assets stolen by Christoph Hering and Ken Code.

https://www.investopedia.com/tech/whats-cryptocurrency-exit-scam-how-spot-one/

Payger is a different entity: a different token and a different project with no funds.

The money trail tells it all. The money is gone, and the Herings refuse accountability for spendings.

Christoph Hering was even dumping his own Blockpay, or trying to do, on which Blockpay trading was suspended on Openledger.

That's his attitude and character, while he is driving around in a Porsche and/or some other idiotic car paid with investors money.

The Herings are con artists.

There is nothing in existence, it is about hot air. Whatever is going to be spent on Payger is only a small fraction of what was taken from Blockpay ICO investors.

They diverted  the money into their own pockets. Christoph Hering is burning the funds for his lavish lifestyle https://twitter.com/HeringChristoph/media declaring it as activity for Payger, while the scumbag Dr. Wolfgang Hering is cashing in EUR500 per hour for advising his disgusting son Christoph on the legal requirements for the scam.

The money trail tells it all. The funds are in their pockets, with a significant part given to Ken Code in order that they could liquidiate Bitshares Munich IVS.

https://ibin.co/w800/3xG1o4oyYaKw.jpg

It remains suspect to me why Christoph Hering is relaying his messages through pie777. He is communicating (or not) with a view to defend his self-focused business conduct against Blockpay investors whereby he refuses any kind of transparency. I can't imagine that a legit Blockpay token holder would behave like pie777.

To me it seems that pie777 is someone from the agency in Hamburg that Christoph Hering paid with Blockpay funds to improve his image.

These acts are criminal as well, it is an active participation in a fraud where they benefit/steal from Blockpay investors.

Lies, phony announcements, misrepresentation, the neverending shitshow...

Christoph Hering and his lawyer dad Dr. Wolfgang Hering are criminals. They somehow think that legal trickery and endless delays is working out for them. So now we hear that after Payger is going to be started some unspecified buyback is taking place. Previously it was said that all Blockpay funds were or are spent for "development" upon launching Payger. 440BTC are unaccounted and have disappeared, in addition significant amounts were given to Ken Code.

It is not a rebranding, it is a fraud.

Christoph Hering is advisor at ICObench.

He is a scammer who conducted the pre-ICO for the Blockpay token. His partner who acted as "CTO" was a serial scammer with a search warrant in the U.S. The funds ended up being distributed themselves. Christoph Hering does not give meaningful disclosure about the accounting, while it is known he sold the ICO funds for BTS having them on his own addresses. With the stolen funds he has a lavish lifestyle with expensive cars etc. He is a no-go in the Bitshares community.

How comes that such a subject is an advisor at ICObench? Did he pay his membership in ICObench with the stolen money from Blockpay pre-ICO participants?

How comes that all the Hering fanboys have shitty profiles https://bitcointalk.org/index.php?action=profile;u=1892629;sa=showPosts;start=0

Christoph Hering was already rated at Bitshares, all reputable community members kicked his ass.

It's a scam.

Here is what was said about the ICO price for the second round:

Phase4:   2nd ICO   @ 0.000500 BTC tokens/each   Initial Price

If the set price is applied it cannot work, and if a different price is set it is yet another fraud. Besides that nobody is going to invest in an ICO by Christoph Hering, a fraudster, liar and total idiot with a proven track record of perfect unprofessionalism.

Christoph Hering: You should have done the buyback option that you agreed on, it was the only way to resolve the situation for you. But it did not happen because you stole the pre-ICO funds together with Ken Code. All the shitshow you are doing together with your criminal lawyer dad is intended for distraction from those facts. Yet another phony announcement through your fake profile pie777.

That announcement constitutes a fraud. Giving a promise for payout on fictitious income, whereas it was previously stated that funds from the pre-ico will be entirely spent for "development". Not to say that those funds were already stolen by Christoph Hering and Ken Code.

First of all, this is a shit show. Christoph does not dare to correspond directly. pie777 is a fake, that was obvious from the beginning.

Clearly there is a fraud going on. The financials do not match up, there is an unexplained deficiency of 430BTC. Also, nothing is disclosed about the 3406ETH.

It was clear with the announcement of Payger that it is about conversing the pre-ICO funds, and not a simple rebranding for which the purpose was stated.

Christoph and his lawyer dad are committing an exit scam where they try to get away with stealing a large proportion of the pre-ICO funds.

There is no way that most of the raised funds were spent for development purposes in 2016 and 2017. It is a blatant lie. Funds were given to the scammer Ken Code. Christoph Hering: Show us the invoices for the money that was allegedly paid to the individual programmers under contract.

He was listed as part of the team as "Partner Payger", it is still in the Google cache. https://webcache.googleusercontent.com/search?q=cache:E3TSB8_zMHYJ:https://bitcoinlatina.org/es+&cd=1&hl=es-419&ct=clnk&gl=mx&client=firefox-b

Estaba incluido en la lista de BitcoinLatina Foundation como "Partner Payger". Aun sigue en la memoria cache de Google. Guarde la pagina para que no pueda seguir mintiendo de sus actividades. En otra ocasion hace poco mintio que nunca abriera un negocio en Mexico. En este contexto, pidio abrir la oficina y luego dejo a los empleados en Monterrey sin pagar las facturas abiertas ni los sueldos de sus empleados, causando asi un daño de app. $US 300.000. Aqui tienen la evidencia https://drive.google.com/file/d/1QNoiAYPRu3iG25Dm8rWPUrb-1oOFdc8-/view sobre la oficina , y abajo su mentira

https://ibin.co/3scHBhinZbPS.jpg

https://steemit.com/bitshares/@stevepaterson/payger-scam-christoph-hering-scammer

Payger es un fraude. Parece que ya lo botaron de Bitcoinlatina. Los felicito por actuar rapidamente y tomar decisiones consequentes. Gracias!

How would pie777 know if there is any investigation or not? The authorities have them undisclosed, initial reviews take a lot of time, and until they are brought forward to the prosecutor can take years. This is in particular the case for fraud and unprecedented cases like ICOs. Even the people filing the charges do not get informed about details of the investigation.

Christoph Hering is totally untrustworthy. As with any scam, look for the money trail. What more to say.

Thanks Rodrigo! All those who followed the Blockpay fiasco know that you were always honest and hard working. I am sure nobody ever said a bad word about you.

I hope to be able to join ongoing legal action. I have significant funding for that.

What a shady profile https://bitcointalk.org/index.php?action=profile;u=1853826;sa=showPosts

Where is pie777?  

https://twitter.com/PaygerHQ/status/964095333058908160

He is using the credentials of another person for his purposes. A warning was sent out...