A cryptocurrency company, Trade Coin Club has refuted claims of account being unjustly suspended by one Mrs Ibok Offiong.

According to a statement signed by Bassey Idiong who is the publicist for the club, the claims by Offiong are false, malicious and aimed at putting the company in bad light.

“Our company’s attention was called to messages originating from Mrs. Ibok Offiong and her accomplice with claims of Mrs. Ibok Offiong account been unjustly suspended by the Trade Coin Club – TCC, further claiming that she invested 40 bitcoin into our company which is false. Just to clear the air, Mrs. Ibok Offiong was introduced to invest in the Trade Coin Club – TCC by Ms. Adaego Ononuju(Sponsor) and got signed up on our platform on the 8thJanuary 2017accepting our company terms and conditions. She only deposited a start-up investment of0.25 and 4.8 Bitcoinbetween8th and 9thJanuary 2017in total of 5 Bitcoin ($4,898) equivalent of N2,351,000 and not 40 Bitcoin as she claimed.

“Upon joining she immediately signed 2 persons, one left and one right which made her Binary qualified and afterwards automatically earning daily bonuses from her downlines efforts from their promotion of the business with her doing absolute nothing as she did admit to our Master Distributor on voice.

“From her financial extract she compounded her earnings from trade generated by the company and also through efforts of her downlines month after month within 90 days to add extra 35 bitcoin ($63,000) equivalent of N23,940,000 to her trading capital, not re-investing but compounding internally generated gains. This clearly stands against her claims of investing 40 Bitcoin. 80% of her claimed investment was gotten from the bonuses she earned from trade, compensation plans gotten from our team building members.

“All through her time of investment with the Trade Coin Club – TCC, Mrs. Ibok Offiong never signed up anyone else into the business besides the two persons but continually kept withdrawing her daily, weekly and monthly earnings/commission to the tune of 122 Bitcoins ($427,000) equivalent of N155,855,000(One Hundred and Fifty Five Million Naira). This stands against her claim that the Trade Coin Club – TCC is a scam.

“These calculations have been done according the price of Bitcoin/Naira to Dollar rates as at the time of investment/liquidation.

“Binary is achieved when a member sponsors at least two persons directly (Left and Right) and received compensation in Bitcoin from whatever financial activity which occurs within the team building up to the last generations also benefits you. A passive investor as Mrs. Ibok Offiong claimed she was with the Trade Coin Club – TCC, will never earn/receive Direct Bonus, Indirect Bonus, Team Bonus and Residual Bonus.

We hereby advise the citizenry of Nigeria, Africa and the entire network marketing community to always do their due diligence at every point and desist from contracting business with Mrs. Ibok Offiong.