TSC Token Security Fraud Revealed in Trusted Smart Chain Review
Trusted Smart Chain (TSC) has recently come under scrutiny for failing to disclose ownership or executive information on its website. Travis Flaherty, a key figure connected to TSC, was previously involved with IN8, a spinoff of iX Global. IN8, which was launched as an NFT scheme, faced legal issues due to being an unregistered investment scheme. Flaherty’s involvement with IN8 and iX Global, as well as his association with fraud allegations, raises concerns about the legitimacy of TSC.
Flaherty, who is identified as the Co-Founder and Chief Marketing Officer of TSC in a promotional video, highlights Billy Beach as another co-founder of the project. Both Flaherty and Beach have ties to iX Global, a company accused of securities fraud. The lack of transparency regarding other co-founders of TSC, coupled with the legal troubles of Flaherty and Beach, casts doubt on the credibility of Trusted Smart Chain.
The website domain for Trusted Smart Chain was privately registered in October 2024, with the website launching in November of the same year. The absence of clear information about the individuals behind TSC should serve as a cautionary red flag for potential investors. In the world of multi-level marketing (MLM), understanding the background and ownership of a company is crucial before making any financial commitments.
Trusted Smart Chain’s business model revolves around affiliate membership, with no tangible products or services available for retail. Affiliates are required to invest varying amounts of money in TSC tokens, promising daily token rewards without specifying the exact token amounts tied to each investment level. The compensation plan includes different tiers of investment, each offering multiplying returns based on the initial investment. Additionally, affiliates have the opportunity to earn referral commissions based on recruitment efforts within the network.
To join Trusted Smart Chain, affiliates must invest between $1500 and $125,000, with higher investments correlating to increased income potential. This investment-focused structure mirrors the setup of iX Global, suggesting a continuity of fraudulent practices under a different guise. Given the history of securities fraud accusations related to iX Global, the legality and ethical implications of TSC’s operations should be examined closely.
Trusted Smart Chain’s narrative surrounding past legal battles with the SEC warrants scrutiny. Flaherty’s claims of victory over the SEC in the iX Global lawsuit are misleading, as the lawsuit was dismissed on procedural grounds rather than the merits of the allegations. Mischaracterizing the outcome of legal proceedings to downplay accusations of fraud raises further concerns about the integrity of TSC’s operations.
In order to operate within the bounds of the law, Trusted Smart Chain should prioritize transparency, registration with the appropriate regulatory bodies, and financial reporting. Adherence to regulatory standards is essential for legitimacy in the realm of securities investments, especially in light of past legal issues associated with iX Global. Potential investors should proceed with caution when considering involvement with Trusted Smart Chain, given the history and connections of key individuals involved in the project.
