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TenX (PAY) Founder Linked to Austrian Pyramid Scheme

Published 12/10/2018, 07:22 AM
Updated 12/10/2018, 08:42 AM
 TenX (PAY) Founder Linked to Austrian Pyramid Scheme

Julian Hosp, the president of TenX (PAY), is allegedly connected to Lyoness, a pyramid discount shopping scheme in Austria. A video has surfaced showing Hosp participating in Lyoness training and recruitment of new members, engaging in aggressive marketing tactics. Older examples of the Hosp style of aggressive marketing were pointed out in an investigation by Fintelegram.

The investigation showed that before reinventing himself as an initial coin offering (ICO) expert and proponent of TenX, Hosp was careful to erase the record of his involvement with Lyoness.

Launched during the peak time for crowdsales in June 2017, TenX was one of the most successful ICOs. It had 4,000 backers and raised 245,834 ETH, which was worth $80 million at the time but only $23.3 million...


This article appeared first on Cryptovest

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