Jarrett Preston, IDONEUS
Mr. Preston presented his company, IDONEUS at Sir Anthony Ritossa's recent Family Office Invesment Summit. Being a VIP Speaker cost him at least 30,000EUR.
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Jarrett Preston, VIP speaker
Idoneus is reinventing access to, and the value of, the global luxury market. A new digital economy for high-end clients and assets, goods & services - a place to acquire, monetize and experience the finest things in life - through a secure and discrete exchange of value.
What's the catch? According to Mr. Preston, neither regular money nor bitcoin are suitable for buying and using these luxury items. It is necessary to invest in specially created IDON crypto-coins, IDON issued 1 trillion of which, and are trying to sell at $9.99. Well, or you can transfer some luxury items to the owners of the startup, receiving some IDONs for it.
And, since there's a minimum price, it's unlikely you'd be ever able to cash out.
Scam. They say based in Switzerland, actually based in Cyprus and US. Address of office in Switzerland actually lingerie store. Fake picture of office building uploaded to google maps, no such building in street view. Properties listed for sale/rent copied from other websites or made up, actual owners are not selling. Pictures of products stolen from internet. They made a token on ethereum blockchain which cannot be traded and is not tracked in any legit manner, yet they assign it a value of 10$ on their website, in this way they created 10 billion 'dollars' out of thin air with zero value behind it, they then use this token to buy things such as art, leaving the seller with a worthless fake cryptocurrency by pretending they can use it to buy castles and yachts on their platform. (https://www.scam-detector.com/)
Our verdict:
