Author Topic: COINOGRAPHIC IS A SCAMMER [CON-O-GRAPHIC]  (Read 1530 times)

Offline Smoothie

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COINOGRAPHIC IS A SCAMMER [CON-O-GRAPHIC]
« on: February 16, 2015, 09:28:36 PM »
Coinographic LTD was set up in the early part of 2014 as a legitimate company for the purpose of creating unique physical crypto-currency coins.  Every effort was made to try and make the business succeed.

Over the last few months the company has struggled to generate sales and support for our products.  We have also suffered a lot from the fall in the price of digital currency as well as other issues.

As a company we had every intention of trying to resolve our issues and we have truly exhausted every avenue to try and raise capital to either make good with our existing customers or issue refunds to those of you that invested in pre-orders of our upcoming Bitcoin collection.

Unfortunately, we regret to have to announce that due to events over the last few months the company is now bankrupt and can no longer continue trading.

As a result of our liquidation we are unable to honour any outstanding orders, coin funding or pending refunds.

As of today we will no longer be able to correspond with anyone.  Our email accounts, website and telephone numbers will now be terminated.


If you wish to issue a winding-up petition (WUP) against our company you can do so from the following link - https://www.gov.uk/wind-up-a-company-that-owes-you-money/overview.

Our company information is below;
Coinographic Ltd
registration number 08773620

We are truly sorry that it has come to this and wish everyone the best for the future.


I guess my suspicions were right...

1. You started a legitimate company.

2. Now you are not going to try to honor your customers orders, preorders, funding of coins, nor pay out your design contest winners just because. EVEN THOUGH YOU OBVIOUSLY HAVE COINS IN STOCK TO TRY TO MAKE AMENDS WITH YOUR CUSTOMERS.

#1 contradicts #2 and vice versa.

And you are going to shut down your website, email, phone numbers to cut off communication with them like a scammer who was able to take funds from your customers and not give a crap about making amends with them?

Wow just wow...

RUN COINOGRAPHIC RUN!

This is pathetic.  >:(



FOR REFERENCE: https://web.archive.org/web/20150203232358/http://www.coinographic.com
« Last Edit: February 16, 2015, 09:35:05 PM by Smoothie »

Offline AT101ET

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Re: COINOGRAPHIC IS A SCAMMER [CON-O-GRAPHIC]
« Reply #1 on: February 16, 2015, 09:34:55 PM »
NO LIQUIDATOR HAS BEEN APPOINTED.
THEY ARE AVOIDING HAVING TO PAY ANYTHING BY LYING ABOUT THE STATE OF THEIR COMPANY WHEN THEY ARENT ACTUALLY IN LIQUIDATION.

I'm trying to gather as much evidence as I can that proves fraud.
In the meantime I suggest that everyone who had orders under £750 get together and file a wind up form together

Offline Smoothie

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Re: COINOGRAPHIC IS A SCAMMER [CON-O-GRAPHIC]
« Reply #2 on: February 17, 2015, 12:20:46 AM »
One serious thing to consider is if Coinographic is willing to run away like this, what is to stop him from keeping a copy of your private keys to your physical coins.

ALL PHYSICAL COINOGRAPHIC COINS SHOULD BE CONSIDERED COMPROMISED AT THIS POINT GIVEN THEIR ACTIONS.

Offline wiggl3r

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Re: COINOGRAPHIC IS A SCAMMER [CON-O-GRAPHIC]
« Reply #3 on: February 17, 2015, 04:57:11 PM »
Lol, I knew it was a scam and said so the moment I saw the 300% markup just on the silver/gold alone.

Offline Smoothie

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Re: COINOGRAPHIC IS A SCAMMER [CON-O-GRAPHIC]
« Reply #4 on: February 17, 2015, 06:11:32 PM »
I wanted to post to address a couple of the issues raised and try my best to answer them;

1. We have not appointed a liquidator for the simple reason we cannot afford one.  We have posted a link so that anyone can request a wind-up order for our company. At that point a liquidator will be appointed. We have no liquidator information to post because there isn’t one as yet.


No liquidator exists because originally you put on a facade to make people think you were actually going to work with them on order refunds, coin FUNDING, and preorder refunds. Yes people should sooo take your word as truth.  ::)

2. We do have some stock but not as many as people think.  All we have in our hands are 1ltc coins.  The silver coins are being retained by the coin manufacture.  The coins we are holding will be given to a liquidator should one be appointed.  We also have a lot of boxes, holograms & proto-type coins as assets.

You supposedly made it appear on your website that you had hundreds of 25 LTC bull coins, hundreds of 10 LTC LA coins, and hundreds of 10 LTC chikun coins.

Talk about putting up an image to make you look like you are fully stocked when you really aren't.


3. We have shut everything down because we can no longer operate as a company and have exhausted all possibilities of trying to raise capital to make things right.  Neither the company nor I own a single Bitcoin or Litecoin.

Yeah so you took people's money for physical coins you SUPPOSEDLY have, SUPPOSEDLY could fund, and can't refund that money/BTC/LTC?

You are so full of crap.

4. Since we announced our problems we have not sold a single coin, we did not accept any orders that we knew we were not going to be able to fill. 

Yeah yeah sure sure. I'm sure you were not funding coins back in October because you "knew" you could fulfill all outstanding orders. Please stop with the BS.

5. Any monies received for pre-orders of the bitcoin collection were invested into the company and the production of those coins.  We paid for molds, dies, prototypes, boxes, holograms, competitions, designs, website, advertising, hosting, office costs, and internet as well as many other associated costs.  I personally invested much more of my own personal money into this project then was ever received in orders. 

Blah blah blah...more lies. Even if that is true why would you invest money into a project you only had partial funds for? That makes no sense.

Why were preorder funds used to pay for office costs, internet and other associated costs as well as website? I don't see how they are related.

I'm sure your preorder customers did not know you would use the funds to fund your BUSINESS costs and not your physical bitcoin project costs.


6. Support for our product was very low since the company started.  We have had no more then 30-40 customers since the company started last April.

Stop blaming your customer base as the reason your company went under. And stop blaming the price of Bitcoin/Litecoin for your failures.

7. We never kept any private key information.  Redeem your coins if you wish to or can’t trust that fact.

Yes as if people should believe you given all of your previous lies up until this point.  ::) ::) ::)

8. No fraud has taken place here.  Every penny received can be accounted for in costs.  We have all the paperwork and details for everything.  This is simply a case of a company running out of money and not selling enough products.

Once again if you werent selling enough products and did not have enough to produce the Bitcoin collection why did you try to keep up the facade that your company could afford to finish those coins and orders of other coins that you did not deliver/fund? Like I said, you sir are full of BS.

Yeah if you did not have enough funds to produce your bitcoin collection, why collect preorders?

Were you hoping your customer base would completely fund your projects? Like BFL?


9. I personally have no money.  My other business has also gone bust at the same time. I am struggling to put food on the table for my children.  You can DOX me (my information freely available on the net), sue me or visit my house.  It doesn’t change the fact that there is no money. I don’t own a house or any other assets personally.  If there was a way I could have sorted this out from my own money, I would have. I had/have no interest in ripping anyone off; I simply do not have any options open to me to resolve this.  Closing the company was my last point of action.

You say you have no money yet you claimed to have the ability to make people whole (at least somewhat). What was that form for if not to delay for more time?

Yeah sure your other business went bust at the same time. How convenient.

Now you are going to play the "my family doesn't have food" card? Seriously you are taking this pretty far.

10. We are not hiding any Bitcoin or Litecoin.

Where have we heard that one again???  ::) ::) ::)


This sounds like a case of Coinographic lying and misappropriating customer funds to do as he wished and not for what they were collected for.

That is fraud.

Offline FreeJack2k

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Re: COINOGRAPHIC IS A SCAMMER [CON-O-GRAPHIC]
« Reply #5 on: February 18, 2015, 11:59:21 PM »
I'd be real interested to look at the balance sheet and see just how much was spent on office space leases, etc...etc...for a business that easily could have been run out of someone's home office at almost zero overhead. These guys mismanaged pre-order money and couldn't pay their manufacturer, who is apparently now holding the coins they couldn't pay for (and will likely just melt them down, if they haven't already).

These were really cool looking coins, it's a shame the primaries involved clearly had no experience running a business, projecting costs or budgeting. I can't believe they'd blame the lack of success on lack of sales, when anyone with half a brain in their head would realize from the beginning that they're taking an already TINY niche (crypto currency) and appealing to the MICROSCOPIC subset of people in that tiny niche who are interested in collectible/novelty coins or precious metals. It was never going to be a big business. If that had been acknowledged up front and budgeted appropriately, it could still have been successful. It's just mismanagement, bottom line.

Feel bad for people who got hurt in this. I'm glad I opted not to pick one up, even though I briefly considered it.

Offline Smoothie

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Re: COINOGRAPHIC IS A SCAMMER [CON-O-GRAPHIC]
« Reply #6 on: February 19, 2015, 12:16:53 AM »
I'd be real interested to look at the balance sheet and see just how much was spent on office space leases, etc...etc...for a business that easily could have been run out of someone's home office at almost zero overhead. These guys mismanaged pre-order money and couldn't pay their manufacturer, who is apparently now holding the coins they couldn't pay for (and will likely just melt them down, if they haven't already).

These were really cool looking coins, it's a shame the primaries involved clearly had no experience running a business, projecting costs or budgeting. I can't believe they'd blame the lack of success on lack of sales, when anyone with half a brain in their head would realize from the beginning that they're taking an already TINY niche (crypto currency) and appealing to the MICROSCOPIC subset of people in that tiny niche who are interested in collectible/novelty coins or precious metals. It was never going to be a big business. If that had been acknowledged up front and budgeted appropriately, it could still have been successful. It's just mismanagement, bottom line.

Feel bad for people who got hurt in this. I'm glad I opted not to pick one up, even though I briefly considered it.

As a coin producer myself, I am aware that you do not need much space to make this type of business work. When I started my coin business I started out doing the majority of my work in a single 12'x12' room which I was living in. The location was secure and everything I did was meticulous to keep everything secure as certain aspects (sensitive info) of my business were kept separate from where I worked/lived.

I mean sheesh this guy could not even provide a proper backup solution for his business that had customer information, funding info, digital wallets which contained company funds and customer funds on it.

He blamed not having a backup solution in place because of "family problems" and "health problems", which is utter BS.

The balance sheet would be interesting for customers to look at as it would instantly show where the money (funding amounts too) went.