On its website, Trusted Smart Chain does not list executives or ownership.
Travis Flaherty posted the video. I checked Flaherty’s YouTube channel to be sure, and I discovered that the videos had been removed.
An unregistered investment scam that was sued by the SEC and the focus of two criminal investigations by Indian authorities, IN8 began as an NFT grift offshoot of iX Global.
In the $110 million iX Global fraud case brought by the SEC, Flaherty was listed as a defendant;
As a “Brand Ambassador” for iX Global, Flaherty has urged investors to buy DEBT Box cryptocurrency asset instruments.
In addition, Flaherty serves as Relief Defendant Flaherty Enterprises, LLC’s Registered Agent.
Owner and wanted criminal Joe Martinez restarted IN8 as a failed DAO project after it crashed a few months after introduction.
Returning to IN8, Flaherty posted promotional commercials for Shoply and Nuway Healthcare on his YouTube page.
Flaherty has been posting videos on “TSC” since late 2024, suggesting that none of their plans has materialized.
Trusted Smart Chain is what “TSC” stands for. According to Flaherty’s video description of “TSC Overview 12-28,” which was posted on December 29, 2024, he is a co-founder of Trusted Smart Chain.
I’m excited to formally announce that I’ve been accepted as Trusted Smart Chain’s (TSC) co-founder and chief marketing officer.
Billy Beach is listed as Trusted Smart Chain’s other co-founder in the video’s thumbnail by Flaherty:
Another identified defendant in the SEC’s iX Global fraud case was Billy Beach, also known as Mark Williams Schuler.
As a “Brand Ambassador” for iX Global, Schuler has urged investors to buy DEBT Box cryptocurrency asset instruments.
Schuler is a co-founder and member of Defendant Core 1 Crypto, which collaborated with DEBT Box to seek DEBT Box investors, along with Defendant Benjamin Daniels.
Additionally, Schuler is a co-founder of the FAIR Project alongside Defendants Alton Parker and Benjamin Daniels, and he has urged investors to buy cryptocurrency assets that the FAIR Project offers.
It’s unknown whether Trusted Smart Chain has any additional co-founders. This non-disclosure is a serious red flag since Schuler and Flaherty were recently listed as defendants in a US regulatory fraud complaint.
On October 2, 2024, the domain name “trustedsmartchain.com” for Trusted Smart Chain was privately registered. The website for Trusted Smart Chain was created in November 2024.
There are no retailable goods or services offered by Trusted Smart Chain.
Only the Trusted Smart Chain affiliate membership itself may be promoted by affiliates.
Reputable Smart Chain affiliates purchase TSC tokens for between $1500 and $125,000.
The promise of “daily token rewards” motivates people to invest in TSC tokens. Please take note that the precise number of TSC tokens for each investment made is not revealed.
Having stated that:
The World Trade Coal compensation scheme has eleven affiliate levels.
They are as follows, along with their corresponding qualifying requirements:
A “staking” investment plan, allegedly financed by 20% of the daily earnings distributed to affiliate investors, is open to trusted Smart Chain affiliates.
Additional passive returns are provided by Trusted Smart Chain via “vetted opportunities” (details are not revealed).
Trusted Smart Chain’s multilevel marketing division pays referral commissions on invested capital at two recruiting levels (unilevel):
An investment of $1500 to $125,000 is required to become a Trusted Smart Chain affiliate.
A Trusted Smart Chain affiliate’s earning potential increases with their investment level.
It costs nothing to become an associate of World Trade Coal.
A minimum investment of $25 is required to fully participate in the associated income opportunity.
The website boasts of disrupting the global financial environment and changing the face of money in the future. Scammers often utilize such inflated claims to entice unwary people.
Limited verifiable information about the business, its employees, or its actual location is available on the website. Reputable financial sites often provide clear details about how they operate.
The website provides a number of high-risk financial services, including cryptocurrency arbitrage and flash loans, but it does not clearly comply with regulations or sufficiently describe the hazards involved.
As is typical in cryptocurrency frauds, the website advertises CLHC, its native coin. Platforms that actively advertise their own coins might raise suspicions among investors.
Testimonials from people in other nations are included on the website, however they can be faked to give it a false impression of validity.
Without hard proof of present performance, the comprehensive strategy and aspirational goals for the future, such as branching out into other industries, may be a ploy to draw in investment.
The fraudulent investment scam that Travis Flaherty and Billy Beach pushed via iX Global is being carried on by Trusted Smart Chain.
The configuration of the node investment positions is the same, however they are called “x-nodes” in iX Global.
It should be mentioned that securities fraud was the reason the iX Global and Debt Box node investment plan was unlawful. Specifically, the scheme’s lack of SEC registration and the falsity of the assertions about the production of external money to finance withdrawals.
It’s important to note that Flaherty misrepresents the conclusion of the SEC’s iX Global litigation in order to defend such fraud.
[14:56] We thereby prevailed in our conflict with the SEC. In reality, we prevailed, and the matter was dropped.
The lawyers who launched the lawsuit against us were fired, the Salt Lake City Office that brought the case against us was shuttered, and the SEC was penalized millions of dollars by the judge in addition to the case being dropped.
More significantly, this was widely reported, and the public’s perception of this as a witch hunt was validated.
The SEC lawyers engaged in the case against Flaherty and iX Global resigned, and the case was voluntarily dropped. However, this wasn’t because Flaherty and iX Global prevailed in court.
The concerned SEC lawyers miscalculated a few dates and subsequently did not sufficiently correct the mistake. The defense’s legal team noticed this and brought it to the judge’s attention.
As a result, the SEC voluntarily dropped the complaint for procedural reasons. It was unrelated to the veracity of the SEC’s accusations.
Joe Martinez, the owner of iX Global, really shut down the company when he found out the SEC planned to refile the lawsuit.
Why?
Since since 1933, US securities fraud regulations have remained mostly unchanged. Anyone may confirm fraud in this well-established area of financial law by following a certain route.
Similar to iX Global, Trusted Smart Chain must register with the SEC in order to lawfully run its node position investment scheme.
In addition to registering, Trusted Smart Chain must provide audited financial reports on a regular basis. This is important since it is the sole method to confirm any statements Trusted Smart Chain makes about generating external money.
As of the time of writing, neither Travis Flaherty, Mark Williams Schuler, Trusted Smart Chain, or his pseudonym Billy Beach are registered with the SEC, according to a check of the agency’s public EDGAR database.
This is a rerun of iX Global and verified securities fraud.
It is observed that T7X seems to be the target of Trusted Smart Chain’s attempt to transfer regulatory compliance. According to the Trusted Smart Chain website’s FAQ section;
Is TSC Going to List on Exchanges?
The TSC community makes choices on the listing of TSC tokens on exchanges since the blockchain is community-driven.
It is important to note that the inventors of the TSC Blockchain also formed T7X.io, an exchange that specializes in Real-World Assets (RWAs), albeit there is no assurance that TSC will be listed on any particular exchange.
The TSC community will have a significant influence on how the TSC blockchain develops in the future, including possible exchange listings.
What Connection Exists Between TSC and T7X?
The Trusted Smart Chain (TSC) blockchain was also created and introduced by the T7X creator. TSC was created to help Real-World Asset (RWA) trading across many platforms comply with regulations.
The offered pretense is that “real world assets” are paying Trusted Smart Chain TSC ROI withdrawals, which, apart from neglecting to disclose who “the founder” is, is a violation of the Securities and Exchange Act in and of itself.
Let me start by pointing you that T7X is also not registered with the SEC. Furthermore, Trusted Smart Chain is still subject to SEC registration requirements even if it was.
When taken at its value, Trusted Smart Chain is asking customers to pay up to $125,000 in exchange for passive earnings. This means that Trusted Smart Chain must register the investment scheme (or two investment schemes if you add the TSC “staking” scheme) with the SEC.
This has not occurred; to verify securities fraud, one need merely examine the underlying (and legally unresolved) charges in the SEC’s iX Global action.
To reiterate, however, a securities offering is recognized by US financial law by verifying the existence of an investment contract.
The Howey Test is used to do this, and it says
An “investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others” constitutes an investment contract.
Customers are spending up to $125,000 (a financial investment) in Trusted Smart Chain, a joint venture, with the realistic expectation of earnings (see to the marketing slides on passive returns), which are produced from the labor of others (alleged “real-world assets”).
The Securities Exchange Act does not exclude bitcoin investment schemes.
I want to emphasize that unless Trusted Smart Chain isn’t doing as they say they are, there is no reason for them to be engaging in securities fraud. In other words, using external income to pay out TSC returns.
The SEC cautions customers that Ponzi schemes and securities fraud are closely related.
The SEC continues to have authority over any securities investment made in the US.
We worry that scammers may utilize the growing popularity of virtual currencies in the global economy to trick investors into falling for Ponzi and other scams.
Investments used in Ponzi schemes are usually unregistered with state securities authorities or the SEC.
Currently, fresh investment is the only substantiated source of income coming into the Trusted Smart Chain.
Trusted Smart Chain would be a Ponzi scheme if fresh investments were used to cover TSC ROI withdrawals.
Like other MLM Ponzi scams, fresh money will stop coming in as soon as affiliate recruiting stops.
As a result, Trusted Smart Chain will ultimately fail due to a lack of ROI income.
Ponzi schemes’ mathematical foundation ensures that most participants lose money when they fail.
It should be mentioned that victim losses from Debt Box and iX Global are still unreported. The SEC estimated such damages to be $110 million before abandoning its lawsuit.
As we last heard, the proprietors of Debt Box, who are suspected of embezzling most of the money invested, had gone to Dubai, just as the SEC had foreseen in court documents.
Despite being sought by Indian authorities in two different iX Global criminal cases, Joe Martinez remains in the United States.
Given World Trade Coal very low trust score, there is a good chance that the website is a hoax. Use caution when accessing this website!
Our algorithm examined a wide range of variables when it automatically evaluated World Trade Coal, including ownership information, location, popularity, and other elements linked to reviews, phony goods, threats, and phishing. All of the information gathered is used to generate a trust score.
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