The Rothschilds warn against LCF Coins cryptocurrency

LCF coins is a project that illegally uses the names of famous people in order to promote his idea on a large scale

Several days ago Rothschild & Co issued a statement about an unknown group active on the Internet promoting the LCF Coins cryptocurrency (Rothschild Family LCF Project) that uses the name of the Rothschild family illegally.

In their statement, Rothschild & Co said that LCF Project operates as a virtual currency investment fund and promises a return depending on the period of investment. Rothschild & Co claims it is a pyramid scheme.

At the beginning of January, BehindMLM, a company dedicated to detection of fraudulent online schemes, published a detailed report on the LCF Project. As it turned out, the Rothschilds are not the only well-known name to “support” the project. The list of fake programs included: former US President George Bush, former British Prime Minister Tony Blair and former Australian Prime Minister Kevin Rudd. In addition, according to the LCF Project, all these people supposedly met in November 2016 in China to discuss conditions for starting the project and the Rothschild family plans to open LCF Coin headqurters with an area of 170,000 m2.

Rothschild & Co repeatedly tried to reach out to the public, particularly in China, and let them know that the LCF project was using the Rothschild name illegally and that they had nothing to do with the project. Rothschild & Co emphasizes that they will continue to try to reach out to the public and are ready to cooperate with the Chinese government to protect the public against the massive fraud.

Interestingly, until recently LCF project did not have an official website. They encouraged people to invest in LCF coin using Google tools. At the moment, the http://slufi.com/go/lcf-coin-information-lp/ site which probably is the official LCF coin website features a statement describing the project in detail. The website says that LCF Coins was created on the initiative of the Rothschild family with the support of the Chinese government. Officially the project is to be launched in February 2017.

The site offers free registration and 1000 coins completely free, the value of which, according to the site, is USD 3,000 or yuan 500. It also describes the company’s plans, as well as calculation of how much each new registered user can to gain in 2 years time. The numbers look intriguing, too bad it is just another scam.

The LCF Coin project is mainly aimed at the Chinese market which absorbs anything associated with cryptocurrency and blockchain technology like a sponge. It is, therefore, not surprising that the main offensive was directed there. We, in turn, can hardly fear the information to appear in Poland any time soon, but it is always good to keep your finger on the pulse and be prepared for various scenarios.