FinTelegram has already reported about the controversial REAL-TOK crypto scheme. The REAL-TOK token(RLTO), branded as a "zombie token" from a Ponzi scheme, has captured the financial world's attention, particularly given its connections to the Austrian monastery Chorherrnstift Klosterneuburg. As described by the investigative platform Wiener Zocker, REAL-TOK's operation could potentially rank as one of the largest crypto scandals in Europe.
The curtains seem to be drawing on the REAL-TOK saga. This crypto investment scheme promised the moon but plummeted to the gutter, orchestrating what can only be described as a spectacular collapse. FinTelegram, having previously raised black flags about this dubious venture orchestrated by Vienna's real estate entrepreneurs via the REALTO Group, watches as our warnings manifest into a grim reality.
Investors in the real estate token REAL-TOK are facing the expected nightmare scenario. Initially offered at €1 during its Initial Coin Offering (ICO), REAL-TOK, symbolized as RLTO, saw its listing on the Lithuanian crypto exchange P2B in early December 2023. By February 18, its price had climbed to around USDT 1.6 (€1.47). However, a rude awakening awaited investors on February 19 when the price plummeted, losing more than 95% of its value. Is this the beginning of the end?
In recent discussions surrounding the classification of the REAL-TOK token, FinTelegram has taken a firm stance, designating it as a security token. This classification has sparked debate, prompting further explanation of our position. FinTelegram is committed to providing precise, fact-based reporting, and our analysis of REAL-TOK is grounded in thorough research and evidence. We maintain our Black Compliance listing and warn potential investors.
We are issuing a new alert regarding the REAL-TOK crypto scheme, which has earned a spot on FinTelegram's blacklist for its illicit activities. The operators of REAL-TOK have resorted to filing a Digital Millennium Copyright Act (DMCA) complaint with Google in an attempt to erase warnings about their scheme from search results. We want to make it clear that we have countered this complaint to ensure that the truth remains accessible. Read our update!
Paraiba World was a vast MLM scheme founded by the Austrian Erich Ely. The (potential) members were promised quick riches through crypto investments. Regulators in various jurisdictions have issued warnings. Public prosecutors are investigating. The scheme has consequently renamed itself Trillant and launched its own Trillant Coin. A total of between €150 and €200 million is said to have been collected by Paraiba World and Trilliant.
We have already recently issued a warning against the Initial Coin Offering (ICO) of the Austrian REALTO Group. This real estate company aims to raise around €1.2 billion from investors via the REAL-TOK (RLTO) issue, promising to revolutionize the real estate market. The operators of the REALTO Group are Peter Kilian, Thomas Wagenhofer, and Lukas Koch-Hochmuth. The ICO was launched a few hours ago via the P2B Crypto Exchange. Stay Far Away.
In the ever-evolving world of cryptocurrency, it's essential to approach investments with caution and diligence. Regrettably, the crypto world is not free from dubious ventures and fraudulent activities. A concerning example of this is the upcoming REAL-TOK crypto token initiative related to real estate. Evidently, it's a Ponzi scheme, spearheaded by individuals like Peter Kilian, Thomas Wagenhofer, and Lukas Koch-Hochmuth.
In March 2022, the United Arab Emirates (UAE) was designated as a high-risk country by the global financial crime watchdog Financial Action Task Force (FATF) and added to their “grey list” of countries subject to increased monitoring to counter financial crime. Despite the greylisting, many crypto companies such as Binance have set up shop in Dubai in recent months. Lured by the crypto-friendly regulation. This is dangerous for all other regulatory regimes, merchants, and consumers.
As the REAL-TOK website has announced for months, the €1.2B Initial Coin Offering of the RLTO real estate token was launched on July 1, 2023. This is probably the biggest ICO so far in the last 2 years. Organized by the Vienna-based REALTO Group led by the Austrian real estate investors Peter Kilian, Lukas-Koch Hochmuth, and Thomas Wagenhofer, the token sale is expected to raise no less than €1.2 billion. One RLTO will be sold at a nominal €1, with VIP users getting a 10% discount.
On July 1, 2023, probably the most ambitious Initial Coin Offering (ICO) worldwide will start via Vienna and Dubai. In the course of this so-called REAL-TOK ICO, up to 1.2 billion real-estate crypto tokens are to be sold for €1.00 each. This makes targeted proceeds of €1.2 billion. The issuer of this gigantic ICO is the Vienna-and Dubai-based REALTO Group. In the middle of this ICO is a Catholic monastery which owns the group's real-estate properties.