Extensive research is always a must with the new boom in ICO purchasing. There are many new ICOs upcoming in the future, it is imperative to give you a quick review on a coin that I found that could save you from losing a lot of money.
The coin is called Monkey Capital (MNY) and is set to start selling the coin on July 15th 2017 12:00 UTC . The coin is apart of the waves platform and being promoted as a Platinum upcoming ICO on coinschedule.com. The coin works off as a hedge fund. Hedge funds are normally where you invest your money and the corporation may invest your money wherever and however they best see fit.
At first Glance, everything about the companies goals seam like a good plan investing in SpaceX, and other digital assets. The organization has an extensive team behind them working on their projects. With a little research I was able to find that the main Founder & Executive Management Committee, Daniel Mark Harrison of Daniel Mark Harrison & CO has some skeletons in the closet.
In 2016, Daniel Mark Harrison & CO out of the United Kingdom, went under Investigation in Hong Kong for taking money from investors to upgrade apartment and business complexes. The renovations where never completed and investors lost money due to the fact Daniel Mark Harrison & CO went bankrupt.
The a report was posted on Ripoff Report on 05/27/2016 08:55 PM, http://www.ripoffreport.com/reports/daniel-mark-harrison-co/internet/daniel-mark-harrison-co-dmh-company-dissolved-requesting-upfront-payment-from-buyers-1308200
Digging deeper shows that not only is DMH & Co associated with bad business, but they have also had backing from from the White house and local politicians to conduct these deals. “The White House has been a runaway success story, for which members of local government have written to us to congratulate us on our efforts and to offer their support. I am pleased to confirm that we are now working side-by-side with local political leaders,” said Mr. Harrison. “At the end of the day the massive sales drive on this site and the broad political support we are receiving for this property is a direct result of our strong reputation as a reliable business that delivers results for all stakeholders.” says Daniel Mark Harrison & Co. Pte. Ltd in the article at written on businesswire.com.
In closing, I want everyone to make sure that they are investing responsibly by doing the necessary research before jumping on an ICO.
Links are posted below to each article I have pulled this information from.
I hope I have helped open some eyes! Remember to always MAKE YOUR MONEY WORK FOR YOU!
LINKS:
http://www.ripoffreport.com/reports/daniel-mark-harrison-co/internet/daniel-mark-harrison-co-dmh-company-dissolved-requesting-upfront-payment-from-buyers-1308200
https://www.coinschedule.com/projects/1199/monkey-capital-ico.html
https://www.linkedin.com/in/dmhco/
http://www.businesswire.com/news/home/20160107005509/en/Daniel-Mark-Harrison-DMH-Mulls-Development-Deal
http://www.thetelegraphandargus.co.uk/NEWS/14695945.International_investigation_begins_as_firm_creating_flats_in_Bradford_goes_bust_owing_millions_of_pounds/?ref=rl&lp=1