You can help us put a stop to online scams before they grow too big and end up ruining thousands of lives. A scam is a scam, doesn’t matter if it’s big or small. Now that this is out of the way, let’s get started with the review.
Yes, Alex is a cryptocurrency fraudster since he has defrauded more than 800,000 people with his Platincoin Fraud scheme. Let’s dig in and watch out for his scamming techniques.
We look at 34 different data points when analyzing and rating online money-earning opportunities. Once the research on these data points is submitted, expert contributors reach out to the company’s customers and associates to get more insight into their operation. Finally, all the collected information is presented in the form of this expert review.
All the data is extracted from publicly available information and the sources are given in the transparency section at the bottom of every report.
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Alex Reinhardt: The Platincoin Scam
The several cryptocurrency-related projects Alex Reinhardt has worked on have drawn criticism and allegations of being swindles. He released PlatinCoin (PLC) in 2017 and made sweeping claims that it could turn investors into billionaires.
He advertised PlatinCoin’s blockchain as being 10 times faster than Bitcoin’s, which was one of his selling arguments.
Reinhardt was able to draw a sizable number of investors and raise awareness for PlatinCoin by contrasting his cryptocurrency with Bitcoin and highlighting its alleged advantages.
The direct listing of PlatinCoin on an exchange, which is a typical criterion for the authenticity of cryptocurrencies, was another goal he mentioned.
It appears that Reinhardt did not live up to his promises, though. He attempted to list PlatinCoin on an exchange, but despite his marketing efforts, he was unsuccessful.
In addition, various sources in 2017 condemned PLC as a possible fraud and MLM Ponzi scheme, which may have cast doubt on the project’s legitimacy.
It’s important to remember that Alex Reinhardt was previously associated with the 2015 Swiss Coin scam, which is said to have defrauded several investors.
These previous failures and scandals may have raised questions about his trustworthiness and the feasibility of his proposals given his track record.
There are indications that Alex Reinhardt’s PlatinCoin firm has a history of making extravagant claims, luring investors with guarantees of huge profits, and then struggling to live up to those assurances.
His ideas and credibility in the cryptocurrency sector are probably at risk due to claims of scams, MLM Ponzi schemes, and failures in prior endeavors. Before making any kind of investment in a cryptocurrency or associated business, people should always care and do some research.
Alex Reinhardt: How the Platincoin Scam was created?
Consequently, the cryptocurrency Alex introduced for €0.1 per coin is now only worth $0.07, indicating that the initiative was a total failure.
On the dashboard of the PlatinCoin website, hundreds of thousands of individuals paid the fixed amount of €5 to buy this coin, but they have been impossible to get their money back.
Alex Reinhardt set a fixed price of €5 for PlatinCoin when it was advertised on Coinsbit, deceiving many unwary purchasers into buying PlatinCoin.
Insiders have also disclosed that Alex Reinhardt is probably the founder of or a partner in the Coinsbit exchange because all of his fraudulent actions involving centralized implementations are carried out through that platform to scam investors.
Alex Reinhardt afterward stopped using the old PlatinCoin-related social media accounts and started a Telegram channel instead, where he is now running his latest scam, PlatinCoin Ultima MLM.
He enticed buyers with promises of enormous riches when he released PlatinCoin Ultima on Coinsbit for the absurd price of $100,000.
He urged people to purchase it before its value surged as a result of the exceptional things he planned to introduce, asserting that it would be a cryptocurrency with fierce competition.
To keep the community interested, he used dishonest strategies like fabricating a phony coin burning and luring people into minting and mining programs.
PlatinCoin Ultima, according to the most recent data, has also experienced a sharp decline in value, going from $100,000 to just $120 per coin in a couple of months.
Alex Reinhardt: How did he manipulate the prices of PlatinCoin?
Several individuals think that Alex Reinhardt himself intentionally inflated the price of PlatinCoin by selling his coins as a business to acquire a personal fortune.
Since the launch of PlatinCoin Ultima and subsequent PlatinCoin coins, hundreds of thousands of investors have lost roughly €1 billion. At present, there are signs that Alex Reinhardt is promoting PlatinCoin Ultima X.
PlatinCoin dashboards locked the coins owned by investors in the initial PlatinCoin back in 2017; they are still locked and inaccessible.
Even if they could, PlatinCoin has no use, and the company’s activities may have contributed to the demise of its blockchain. He blames his errors on his inexperience in the bitcoin sector and claims to be evolving and realizing his actual potential.
He is currently unreachable on all social media channels and does not accept any kind of public feedback or input. He only uses a Telegram channel to run his business, and viewers are only allowed to see and not participate in discussions or add content.
Over a million people have been duped by Alex Reinhardt, whose fraudulent operations are of an astounding magnitude. How these victims might seek restitution for their losses is now an urgent question.
Unperturbed by the consequences of his conduct, Alex Reinhardt has turned to creating new tokens like Platincoin X and Platincoin Classic to find new victims. It is estimated that there are more than a million victims and that more than 1.5 billion euros have been fraudulently obtained from people worldwide.
Not only have these frauds resulted in cash losses, but they have also deeply wounded people’s emotions and destroyed their faith in many others.
Unfortunately, obtaining justice in these situations can be a complicated procedure.
Because these frauds traverse international borders, victims frequently find themselves navigating various judicial systems.
Furthermore, it is challenging to hold Alex Reinhardt accountable due to his evasiveness and the fact that he currently only uses a Telegram channel.
Beware!– Victims should think about doing what is listed below to seek justice: The clients should be careful of the points before investing their assets in such schemes.
- Collecting Proof
- Making a Report to the Authorities
- Certainty for legal actions
- Making contact with other victims
- Increase the consciousness
Alex Reinhardt: Did he run a Ponzi scheme?
PlatinWorld is the relaunched version of the PlatinCoin Ponzi scheme. In 2017, Alex Reinhardt, a former Ponzi promoter turned startup, introduced PlatinCoin.
Reinhardt based PlatinCoin on the defunct SwissCoin Ponzi, in which he ranked as one of the top net winners.
Reinhardt, who stole €94,000 from SwissCoin investors, is seen there on the left, enjoying the crime.
Here’s what happened to PlatinCoin when it was dumped on exchanges. It was initially launched as your usual Ponzi point, followed by a public exchange exit scam.
Early around midway through 2021, Reinhardt decided to restart his con when the number of PlatinCoin victims tapered down. Now let’s talk about the domain of the website of PlatinWorld, “platinworld.com” which was registered on June 23, 2021.
PlatinWorld was formally introduced in Dubai in November 2021 after a short period was spent setting up PlatinCoin’s reboot.
Although PlatinCoin’s website is still active, PlatinWorld has replaced the Ponzi scheme.
Reinhardt introduced a fresh Ponzi coin to con people with, PLC Ultima, during PlatinWorld.
PLC Ultimate presently has a funny public trading value of approximately $60,000. This is probably because it is aware that Ponzi scam reboot coins typically perform worse than their predecessors.
With PLCU pegged to about $20,000, it seems clear that manipulation started about November. To get the current worth of $58,684, that was raised and improved.
The following dump will be very epic if anyone were to remove even a small portion of their retained PLCU or if the wash trading bot were to be disabled.
In addition to seeking to revive his Ponzi coin, Reinhardt’s PlatinWorld marketing narrative is a bit sloppy.
PlatinCoin bagholders are located in Germany (24%), India (17%), and Mongolia (14%), according to Alexa website traffic estimates for the promotional side of things.
Although PlatinWorld was introduced in the latter part of 2021, recruitment didn’t take off until approximately January 2022. Once again according to Alexa web traffic estimations, PlatinWorld is being promoted in Germany (24%), Russia (17%), and Mongolia (14%). Why India fell behind Russia is unclear.
However, it appears that PlatinCoin’s MLM potential has been carried over, even if PlatinWorld’s website makes no explicit mention of MLM:
Elias Pape, a citizen of Germany, is the main scam artist marketing PlatinWorld.
Pape joined the Kyani Ponzi scheme. He joined SwissCoin alongside Alex Reinhardt and switched to PlatinCoin after launch. 
Pape seems to have left Germany for Dubai along with Reinhardt.
The MLM fraud capital of the globe is Dubai. Scammers have shelter in the emirate because of the few extradition agreements in place and the lack of laws governing MLM-related securities fraud.
Any organization, executive, or promoter based in Dubai raises an immediate red signal about MLM due diligence.
For the time being, PlatinWorld investors are probably being attracted based on the misleading public trading value of PLCU. On paper, it appears to be sound, but in reality, there is no support for it.
Most investors will lose money when PlatinWorld’s house of cards collapses, whether it be due to con artists like Elias Pape withdrawing money from PLCU or PlatinWorld recruitment failing (again).
PLCUX was introduced by Alex Reinhardt as a result of the collapse of his PLC Ultima Ponzi.
PLCUX is Reinhardt’s third attempt at a Ponzi revival.
The “Ultima Farm” app is the central component of Reinhardt’s PLCUX investment plan. On June 20, 2022, a private registration for the PLCUX website’s domain (“plcux.com”) was made.
There is no ownership or executive information available on the PLCUX website. Alex Reinhardt went so far as to deny conducting the Ponzi scam.
Alex Reinhardt Review: Scam Exposed by Client
#1. The choice of Alex Reinhardt for trading.
Here, in the above comment, the reviewer’s mother fell into the fraud scheme of Alex Reinhardt & lost approximately $500. So, in the comment above the reviewer has shown his regret to get involved in such a Ponzi scheme. And by this comment, I can make you aware of investing in such Ponzi schemes, like those of Alex Reinhardt.
Alex Reinhardt: Is his scheme is scam or legit?
An MLM cryptocurrency firm called Platincoin claims that it makes use of social media, blockchain technology, and international trade.
The company wants to create a cutting-edge cryptosystem and make it accessible to people from all backgrounds.
Platincoin says that to increase your revenue, you do not need to be an expert in highly technical operations.
It is said that PLC AG Group was founded by Platincoin’s founder, Mr. Alex Reinhardt, in Germany. In the realm of cryptocurrencies, Alex Reinhardt has an extensive following, and he has grown to be pretty well-known.
There is greater work put into making Alex Reinhardt a name or an icon in the PLC industry because of the MLM background of this organization?
Get Your Money Back Suspicious
Conclusion
Platincoin is nothing more than a Ponzi scheme. Its technology is merely a charade, and its sole objective is to carry out a Ponzi scheme. Platincoin’s founder, Alex, has made several claims and ambitions that have so far proven to be fake.
In the past five years, every attempt to increase Platincoin’s rates has failed. As far as I understand Alex, all of his attempts are a fraud. He preys on the sentiments and resources of his neighborhood.
Avoid engaging in this enterprise, and spread the word about it widely to deter others.
You may go through the mentioned link to learn more about his fraudster schemes:
This was and is a SCAM. I invested a lot of money and haven’t received a penny back. All of PLCU coins have been disabled on all of the exchanges they were on.
I’ve invested in this and making daily returns at present over$110 and I have been able to withdraw and spend what I earned . I’ve recovered my investment and now making a profit . I see no scam here
Hi there just want to tell that i invested in Alex and i got evrything back and with a big intresst so iam sorry fore those how lost there money. I will also say that the system is still working very good getting Daily payouts so stop whit your shit talk????????????
It is traumatic when people are deceived by investing in Ponzi schemes. These schemes are nothing just like a waste of money and time and last people will get nothing and lose their hard-earned money.
These platforms are unreliable for the investors and a bad idea for the investment. Platincoins is here to con people and uses fake promotions to attract numerous investors. And steals their money.
Why these platforms are still running in the market? the regulatory authority needs to take some strict action regarding this issue and try to seize these types of bogus platforms, whose main intention is to mislead naive individuals.
Websites like Platincoins are making fake promises to investors, and people blindly invest their hard-earned money into these websites. And unable to withdraw their invested amount now these sites are using fake crypto strategies, which is why there is no increase in the coins.
Now that is the reason why I’m afraid of investing in these online schemes and I don’t think that people should invest in these fake schemes. Since there is no guarantee that your invested amount will be safe or not.
A friend of mine had invested in one of such schemes and a week later when he tried to withdraw money, the site was not working properly and there were so many technical issues. When he called customer care service they were not responding to his phone call. At last, he had to suffer heavy financial losses. It would be better to first check the websites or schemes before investing in them.