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"!
