There seems to be some weird things going on with Control-Finance, a trading services that I just started this week.
Yesterday I get the following email from them.
_As you all know we currently experience an issue with delayed payments,
but we're now establishing a new algorithm for automated processing of
all payments which will release your delayed payments in a short time.
We have a big amount of withdrawal requests, so we can't process them
all manually, but the new system will be up and running since on
September 11, 12:00 PM (UK Time).
In accordance with our new guidelines for traders, we have diversified
the funds on trading accounts, which led to blocking of a few of them.
The exchange reps informed us that the accounts were temporarily blocked
as a measure against money laundering. Our lawyers are working to
activate the accounts and according to the information from the
exchange, our accounts will be unblocked not later than September 17.
These challenges putting us on test, but we feel your support and we
guarantee that we'll fulfill all obligations given to our customers. I
hope for your understanding. We will live through the challenges and
continue our stable growth to high profits as we always did in our company._
At first I didn't think much of it as it seem like some sort of technical issue that need to be resolved. Later that day I even put $1990 of Bitcoin in as I wanted to move up to the next level of interest.
It wasn't until I joined the official Control-Finance Facebook group that I become concerned. Apparently this withdrawal issue has been going on for sometime.
Then it is reported that their Facebook and Twitter accounts were deleted or shutdown. No one knows for sure.
I become more concerned when their instructional Youtube videos were removed.
A lot of folks that reviewed Control-Finance also
removed their video reviews that was embedded on Control-Finance's web site.
Another odd thing that happened was the site approved me earlier that day to become a representative as I applied and deposited a minimum of $300.
Oddly enough in my dashboard it no longer says I am a representative, instead it says I need at least $300,000 deposited to apply as a representative.
What's more concerning is that they are still taking Bitcoin deposits.
(I canceled the confirmation)
I did get a second email from them today saying the following:
_We would like to inform you of the urgent news. Our lawyers received information about the conditions for unlocking all trading accounts of the company. One of them is getting the necessary package of documents and license. This will allow us to restore access to our accounts and conduct our trading activities on the crypto-currency markets completely legally.
Blocking of accounts at the moment and suspension of payments is considered to be a force majeure situation. In this connection, we are forced to fulfill our obligations to clients.
This will be organized in the form of, payment of the customer's deposit (taking into account already previously paid applications for payment of profit on deposits), i.е. according to the formula:
The deposit minus the amount of all applications, for the payment of profits, is equal to the balance for payment. All payments will be made in 45 days and extend until the end of October.
The site will temporarily stop working, but all customer databases with their payment and contact details will be stored on a separate server of the company, this will make all payments to our customers.
Since November, our company will resume its work in a fully legal regime, when all necessary documents will be received and the frozen accounts of the company will be unblocked.
As general director of the company, I ask you to keep your peace of mind and wait for the payment. The first payments were already made on September 11 and will continue, until the end of October. I want to keep my honest name and the name of our company. I will prove that you can trust me and the company._
What I find highly suspect is that none of these updates are on their news page as of this posting. https://control-finance.com/?a=news
Things are not looking good for those that use Control-Finance. I hope for the best but right now it doesn't seem to be headed that way.
Fortunately, for now, I still have Bitconnect.