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Request for Whistleblower Information: Investigating MinerSale and Raitis Kaucis!

Request 4 Information MinerSale and Raitis Kaucis
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Urgent Call for Insider Information on MinerSale and its Operations

During the 2017 cryptocurrency boom, a flood of Initial Coin Offerings (ICOs) swept the market. A significant number of these, including MinerSale, led by the Latvian Raitis Kaucis, have raised serious concerns. Reports suggest that MinerSale, along with the vast majority of these ICOs, involved business models that were either non-functional or outright fraudulent, leading to the loss of substantial investor funds. The MinerSale website has since vanished, but not before allegedly accumulating around $12 million from approximately 16,000 investors. Currently, Raitis Kaucis is linked to the payment processors OctopusPays and Dexopay.

Key Data MinerSale

Trading nameMinerSale
Domainwww.minersale.com (domain for sale)
Legal EntityMinerSale Limited
JurisdictionsUnited Kingdom, Latvia, Canada
Related IndividualRaitis Kaucis (LinkedIn)
Dmitrijs Sekundo (LinkedIn)
Edgars Augstkalns
Related SchemesOctopusPays (website)
Dexopay (website)
GagaPay (vanished)
CryptoKesh (vanished)

The MinerSale Controversy: A Closer Look

Described by Scam Bitcoin as a “phony bitcoin cloud mining site” and a “classic scam,” MinerSale promised investors implausibly high returns, a red flag for any investment. Claiming to offer managed cloud mining services and dealing in various cryptocurrencies, MinerSale‘s operational legitimacy has been severely questioned. Despite the presence of some cryptocurrency hardware on their site, MinerSale was primarily known for its cloud mining platform.

Raitis Kaucis is the founder of vanished crypto scheme MinerSale
MinerSale founder Raitis Kaucis

MinerSale Limited, the entity behind MinerSale, was registered in London and directed by Raitis Kaucis. However, the operational sustainability of their business model, likened to a Ponzi scheme, raises severe doubts about their trustworthiness and the legality of their operations.

Seeking Crucial Information

After the collapse of MinerSale, Raitis Kaucis and Dmitrijs Sekundo founded the payment processor OctopusPays. At least that’s what their LinkedIn profile says. Kaucis is also the CEO of crypto wallet operator Dexopay. As both companies are operated by OctopusPays Limited, which is registered in Canada as a Money Services Business (MSB), it can be assumed that Sekundo is also involved.

We are deeply interested in uncovering more about the defunct cloud mining scheme MinerSale and the subsequent Canadian endeavors.

Allegedly, the three MinerSale people are also involved in the vanished crypto scams GagaPay (GagaPay.network) and Cryptokesh (kryptkesh.com). A strange report on the web mentions that criminal proceedings are underway against Kaucis in several countries. He himself is said to have $40 million. We cannot confirm this at present.

Your Knowledge Can Make a Difference

If you possess any information regarding the activities of MinerSale, the whereabouts of the invested funds, or the current operations of Raitis Kaucis and his associated payment processing ventures, we urge you to come forward. Your insights are invaluable in shedding light on these questionable activities and potentially preventing further financial misconduct.

Please share your information with us through our Whistle42 whistleblowing system.

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