Blockweather Holdings reviews & complaints 1
View all 2 complaintsBlockweather Holdings - financial services (scam)
There are several things about this company that don't quite add up. The current addresses found in Kailua, HI are located at a UPS store mailbox and a Episcopal Church.
The one mentioned on the website in Dover, DE is at another mailbox, business service.
The phone numbers could very well be VoIPs.
Website design is generic from a free web builder. Profile of employees has changed and appear to be photo-shopped. Not to mention, odd claims on their website.
Beware of any financial service, with vague claims and little evidence in records of performance. Ask for brokerage lincense verification, and background check credentials of listed advisors. The weird social media profiles, where it says followers and likes can be paid for, since there is little "real voice, " just reposts and "news". Same goes for the "reviews".
This appears to be s novel version of wire fraud, be careful everyone!
The complaint has been investigated and resolved to the customer's satisfaction.
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I came across Blockweather holdings through a google search and contemplated investing in their fund, until I read this cease and desist letter from the State of Michigan.
https://www.michigan.gov/documents/lara/Blockweather_Holdings_LLC_CN_335195_CD_Order_8-7-18_WEB_629874_7.pdf
The firm is extremely shady.
I invested $10, 000 and Blockweather lost 43% of it in under a year. I'm glad I bailed and got out what I could when I could. Maybe with Bitcoin moving higher my fund balance might have improved but I chose to get off this roller coaster and swing trade instead.
I am not sure if they are a flim-flam company or not but when I invested David Henry said they managed about $7 million in funds. When I closed my account and withdrew my remaining funds, David said they managed about $750, 000. Wow! He also informed me they had to return the investments of a large number of clients since they were found not to be a 'qualified investor' by the SEC.
And then..tah-dah (loud cheers rising in the background)...there was a new fund into which I could roll over my funds. The investment managers were the same and the top brass was the same and only a fool would let them have more time to lose all my money so I took the cash and ran away as fast as I could.
I was contacted by 2 individuals via email who had complaints about Blockweather and claimed it was a Ponzi scheme. Maybe... but if so I likely would not have been able to get any of my funds back.
In researching the company 'after' I invested I found the only information about the company was written by them and reproduced on various sites...almost word for word. I could not find ONE analyst or stock commentator with original content which I thought was pretty strange for a company rated the #1 Crypto Hedge fund. All I can say is "beware"!