Kuailian: Ponzi Scam By David Ruiz de Leon
Kuailian was a cryptocurrency scam, whose founder and executives had an arrest warrant issued against them. But they are still on the loose and planning on relaunching the scam under new branding.
They have already scammed 65,000 individuals from Spain who reported claims against Kuailian. It is estimated that they have caused financial losses of up to 500 million euros.
The main suspects are David Ruiz de Leon and Cristian Albeiro Carmona.
Multiple attempts of fake copyright takedown have been made against publications. To take down the coverage against their arrest and proof of Kuailian’s criminal schemes.
This report has been made public as a warning against the Kuailian crypto scam and Ruiz de Leon.
I strongly suggest you share this post with your friends and family, to save them from becoming the next victim of such hideous scams. These scams are designed to give victims a false sense of security so that they get financially involved in them. Then once the scammers have convinced enough people, they essentially run off with the deposited funds of the victims, leaving them stranded.
Cryptocurrency Ponzi schemes are arguably worse than product-based Ponzi schemes as these don’t even provide a product. All they do is use the money from newly recruited users to pay off the old ones and keep the cycle going until it is mathematically impossible. In the end, only the scammers end up with any money.
David Ruiz de Leon: Mastermind Scammer Behind Kuailian Cryptocurrency Pyramid Scam
David Ruiz de Leon is the CEO and founder of the Kuailian scam. Even though 65,000 Spain residents have filed claims against Kuailian, David, publicly stated that his company “acts in accordance with the law”.
The funny thing about the whole situation is the fact that this statement was made in April 2022, and in July 2022, the Court of Spain issued a search and arrest warrant against him for the same crimes he denied committing.
David Ruiz de Leon was covered in teh news for his multiple open cases in teh Nation Court for the Kuailian platform.
What is a Ponzi Scheme?
A Ponzi scheme is a criminal deception investing fraud pledging increased rates of interest with less chance of loss to investors. On the other hand, a Ponzi scam is a deceitful investing fraud that induces retrievals for earlier investors with money carried from later investors.
Arrest Warrant Against The Kuailian CEO
Spain has issued an arrest warrant against the founder of Kualian, a cryptocurrency scam. The scam targeted hundreds of thousands of people residing in Spain, and 65,000 have filed claims against Kuailian.
The judge believes that the funds deposited by the users were being used for the personal profits of the owner.
The judge issued a search and arrest warrant against David Ruiz de Leon, the founder of the Kualian cryptocurrency platform. He is deemed to be the epicenter of this alleged pyramid scam.
On the 30th of June 2022, the judge ordered the arrest and imprisonment of Cristian Albeiro Carmona and Ruiz de Leon, the two participants behind the alleged crypto scam. These individuals specialized in investing with crypto assets.
The order was issued after the legal representatives of David Ruiz de Leon postponed two hearings giving vague excuses. The judge interpreted this behavior as a “willingness to hinder the investigations of the National Court”.
As both of them live in the city of Dubai in UAE, the judge issued an international search and arrest warrant against Cristian Albeiro Carmona and Ruiz de Leon. And ordered their extradition to Spain from UAE.
The defendants were supposed to face sentences of up to 8 yeast in prison for their cryptocurrency Ponzi scam. The scam has affected more than 65,000 Spain residents which adds up to economic damages of approximately 500 million euros.
Under teh figure of a cryptocurrency investment platform, Kuailian marketed itself to thousands of users while promising high profitable returns. For entering into the Kualian platform, users had to convert their dollars into ethers, a popular cryptocurrency of teh Ethereum network, then deposit the others into a portfolio controlled by Kuailian.
However, Kuailian users were not getting the agreed reimbursement for their assets and investments.
It was determined in the investigation that the company was stealing money from its users.
There was no business logic behind Kuailian, it was a network of Spanish and foreign companies and accounts.
The operation was described by the judge as a “pyramid investment system” with cryptocurrencies. In, the only way the user could access the system was if they were invited by someone who was already a participant in the scheme and was receiving a 10% commission on the investment it attracted.
Filing Fake Copyright Infringement Notices On Google
What is a Fake DMCA?
In case you are one of the ‘beneficiaries’ listed in this report and are wondering what really happened, we suggest you look within. If it wasn’t you, or your associates, it is definitely the ‘Reputation’ or ‘SEO’ firm you had hired in the past. Perhaps it was your law firm. So, instead of blaming me for this article, you must grill your Reputation/SEO firm and look for answers. I am merely publishing the facts available on a public database and have nothing against you personally. It is more than likely that the service you hired indulged in criminal methods to deliver results for you.
Fake Fraudulent DMCA might seem inconspicuous until it’s you at the receiving end of this crime. This is not a prank, this is not an inconvenience, and this is not random. These fake DMCA cases are calculated criminal schemes targeting very specific and rather important information/content. These hitjobs are usually against the media, in order to help their client hide important information from the public’s eye, all in the name of Reputation Management. Millions of dollars are spent doing this, and if no one wants to bring this topic to the fore, we will.
All the reports given below have been taken from the public LumenDatabase.
Shreya Tiwari, a researcher at LumenDatabase experty displayed how fake DMCA’s work in the diagram shown below:
“The notices I found use the “back-dated article” technique. With this technique, the wrongful notice sender (or copier) creates a copy of a ‘true original’ article and back-dates it, creating a ‘fake original’ article (an article that is a copy of the true original) that at first glance appears to have been published prior to the true original. Then, based on the claim that this back-dated article is the ‘original’, the copiers send a DMCA to the relevant Online Service Providers, alleging that the true original is the copied or ‘infringing’ article and that that the copied article is the original article — requesting the takedown of the true original article.
The wrongful notice sender then removes the fake original url after sending the DMCA request, likely in order to ensure that the article does not stay online in any form. If the takedown notice is successful, this means the disappearance from the internet of information that is most likely to be legitimate speech.”
Fake DMCA Against Leofinance.io
Sender: Riley Cameron
Allegedly Infringing URL: https://leofinance.io/@tykee/kuailian-shit-investment-scam
Allegedly Original URL: https://www.tumblr.com/newstrademarket/699620638490509312/kuailian-shit-investment-scam
LumenDatabase Report: https://lumendatabase.org/notices/29354530
Fake DMCA Against Bitcoin.com
Sender: Demin Wilson
Allegedly Infringing URL: https://news.bitcoin.com/cryptocurrency-related-scams-flood-tribunals-in-spain/
Allegedly Original URL:
LumenDatabase Report: https://lumendatabase.org/notices/29374474
Fake DMCA Against Europaperss.es
Sender: Tiana Vallejo
Allegedly Original URL: https://world-spanishnews.blogspot.com/2022/05/cuatro-detenidos-por-la-presunta-estafa.html
LumenDatabase Report: https://lumendatabase.org/notices/29434398
2nd Fake DMCA Against Europaperss.es
LumenDatabase Report: https://lumendatabase.org/notices/29354628
Fake DMCA Against Decrypt.co & Expansion.com
Sender: Harry Paul
Allegedly Infringing URL:
Allegedly Original URL:
LumenDatabase Report: https://www.lumendatabase.org/notices/29353697
Fake DMCA Against Confilegal.com
Sender: Harry Paul
LumenDatabase Report: https://www.lumendatabase.org/notices/29353009
The Shocking Current State Of Kuailian
You might think that after such an international outrage and media coverage, the Kuailian scam must’ve been shut down, right?
The reality cannot be further from the truth. As the official Kuailian website is still up and running. Not only that but their app on the Play store is still available for teh public to download.
A search on similarweb.com shows that the Kailian official website still receives consistent views:
The way Kuailian and its shady marketing team are going about taking down news articles and blog posts using illegal means suggests that David Ruiz de Leon might be planning to start marketing the scam again.
It is very likely that this post will fall victim to Kuailian’s horrible fake DMCA tactic. And if it does, I’ll make sure to spread it like wildfire. This scam deserves to be stopped and I hope the people of Spain and victims of this scam from other countries help me in achieving this goal.