TBBOB See in our review of Mind Capital that this cryptocurrency project is just a dirty scam.
What Mind Capital is about
Mind Capital claims to be the world’s first crypto-fiat platform with multiple functions. The main one is about investing in crypto assets, the platform will allegedly use advanced algorithms to trade profitably.
The whole project supposedly is led by Gonzalo García-Pelayo and the current daily average returns on investments are about 1.3% with a minimum deposit of 100 USD. Is it real, though?
Mind Capital scam
Before getting into the nitty-gritty of the Mind Capital scam, let’s address some fundamentals about investing in trading.
1.3% per day means 39% monthly, which is a huge number. It obviously is a very tempting number, because with nearly 40 percent per month you would get rich pretty quickly. But in reality it is impossible, such returns are possible in one year, but not every month.
This is a fact, and based on this fact you can be sure that if any investment service offers you 39% monthly returns for free, it is a scam.
No Gonzalo García-Pelayo
For those of you who don’t know Gonzalo García Pelayo, Mind Capital says a partial truth about him, he really is involved in gambling. But he has nothing to do with Mind Capital, he does not even know that it exists.
The same applies to the rest of the alleged team behind this project, these people have nothing in common with it!
Illegal service
Mind Capital clearly is an investment service because it wants you to deposit money and it promises returns on the deposit.
Such a service needs a valid license in every country it wants to have users in. But Mind Capital has no license whatsoever, it is an anonymous and illegal financial service.
Update: The Spanish financial regulator CNMV has blacklisted Mind Capital and warned the public about this illegal investment service.
The truth
How does Mind Capital really work? It is an obvious Ponzi scheme. It means that it collects money from people and it redistributes some of it on profits. This illegal scheme needs more money to be deposited than withdrawn.
There is no real trading going on, no real business activity, just a scam. As you can imagine, these schemes quickly run out of money, because the model is unsustainable. So, it is only a matter of time before Mind Capital closes down and money disappears, if it hasn’t already happened.
Mind Capital review conclusion
Mind Capital is a total scam, an illegal investment scheme that is doomed to fail, it is just a question of time. Stay away from it!
If you want to try real crypto trading to make money, start on a free demo with a regulated broker.
You have to learn to trade profitably and understand risks of real trading before investing real money.
total scam. there’s great suspicion of where funds go and where they’re coming from.
CoinTracking, who MC claims to be their auditor published information on their website stating the following:
“MC is misusing Coin Tracking’s name and is publicly making false claims.
Coin Tracking is NOT an operations auditor, we only offer a software to enter trades. This does NOT guarantee that these operations / funds are real.
We have blocked all mind capital subscription accounts that we are aware of.
We have requested that mind capital stops advertising coin tracking as their auditor immediately and have started legal steps.”
It’s all kind of a shit show if you ask me. I feel bad for all the people who will lose everything they put into that platform.
another noteworthy mention – mind.capital exchange is hosted on a public server…smart? I think not
You re a joke . The CEO makes zoom Meetings with the Clients and all of Thai persons work for Them!
same people that are pay to lie to customers. I was robbed as 75 other people that I know. They have not make any payments since last November. They pay at the beginning for you to bring more customers so they get more money. Then when they got enough they disappear not paying to anybody
If you want to try real crypto trading to make money, start on a free demo with a regulated broker ….This is the only reason of this article
If you say so…
What a load of bullshit of a review. Mind.capital is the best opportunity in the arbitrage trading sector and the only one I know of that trades BTC against fiat currencies.
I get paid 5 days a week from these guys and never failed. I have met Gonzalo and the rest of the team on several occasions and visited their offices in Madrid Spain.
I like how scammers come to our website and make positive comments about their scams while thinking it all looks genuine 😀 😀 😀
Agreed. I would also encourage anyone to check Youtube where you will find plenty of videos from Pelayo commenting about the company. There is no research whatsoever in this review. It’s a textbook bullshit review.
I can’t prove I am just one of the many investors, but it’s what I am and so far I have not had any issue with them. It could be a scam, but not an obvious one as this article pretends. Make your own research you will quickly see nothing here is valuable information.
As I said, if the videos with Pelayo are not fake, that man will end up in jail.
I strongly recommend to anybody who is considering investing with Mind Capital to consult their national financial regulator. You will get a confirmation that it is a scam.
the man is on a suicide mission! They are even selling in the USA which is a no go zone for scammers ! FBI will arrest anyone anytime anywhere
https://www.ssb.texas.gov/news-publications/commissioner-stops-mind-capital-marketing-fraudulent-international-0
Thank you, it’s another confirmation.
Same here
ITS A TOTAL SCAM !!! YOU ARE PROVABLY INVOLVED ON GETTING SOME MONEY FOR ALL THE MONEY THAT THEY ARE STEALING MORE THAN 60 PEOPLE FROM A PYRAMID THAT I KNOW AND I WAS IN LEFT THE PEOPLE WITHOUT PAYING TELLING A LOT O BULLSHIT EXCUSES.
WHATEVER MONEY YOU PUT THERE YOU ARE NOT GOING TO SEE IT EVER AGAIN.
Did the competence pay you for this bull*hit article? You can find plenty of videos in YouTube of González Pelayo speaking about his company Mind Capital hahaha.
Also a lie that they offer a 40% revenue, is less than half – which is a lot too.
And they are legally stablished in Spain and Estonia, so more lies.
The only truth is that crypto investment is not something regulated yet, so it’s impossible to become 100% legal. So yeah, if they are a scam, you are screwed. But your article is full of sh*t lol
I don’t understand Spanish, but if the videos with Pelayo are not fake, this guy will end up in jail. Mind Capital is such an obvious Ponzi scheme. They are still showing average daily returns of more than 1%, which is textbook Ponzi. It is an illegal investemnt scheme, they don’t even provide an address. They certainly are not legally established in Spain and Estonia.
For example, should they be licensed as an investment service in Spain, they would be in the CNMV register, which they are not: https://www.cnmv.es/portal/Consultas/BusquedaPorEntidad.aspx?lang=en
It does not matter if you trade with crypto or any other asset, as long as you accept deposits from the public and offer returns on those deposits, it is a financial or investment service which needs a license, that is the law.
Another hint, deposits are accepted in bitcoins only, not in fiat currencies. Because crypto transactions are irreversible and hard to trace. This thing will blow up monumentally, trust me.
Here’s the link showing the registry of the company in Spain with the founder as Gonzalo Pelayo and also showing their address which I’ve been to…
http://www.infocif.es/ficha-empresa/mind-capital-tech-sl
Why all these lies? If you think it’s a scam at least provide facts when making your accusations.
It is just a tax registration, anybody can get it.
Remember, Mind Capital is blacklisted by the Spanish financial regulator as an illegal financial service: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=mind.capital
If Pelayo is really involved, he could end up in jail.
This review is all lies as you have no evidence whatsover about this opportunity . Its genuine and not a scam you just using it to drive traffic to your site to promote a different service. Shame on you
Thank you for your opinion.
I have definitely picked up anything new from right here.
All this site is doing is trying to drive traffic to your own site promoting a tradings account.
All lies here with no evidence that MC is trying to scam people. Shame on you.
The evidence is in the review. 1% daily is a scam number, no legit business can do that. But you don’t have to trust us, I strongly encourage you to check Mind Capital with any financial regulator and share their response.
Sorry mate you review is full of false information. If you are in the UK you could be prosecuted under the Fraud Act 2006 under the sections relating to false information and failure to disclose information. So if Mind Capital claim to make on average 1% a day they are being honest as I have received daily my share of the for the past two weeks. I have also withdrawn money without issue and quickly. I have reason to use their support team and found them polite, helpful and effective. I don’t think anyone operating a scam would be bothered about customer service. For as long as Mind Capital keep their end of the agreement we have I will keep mine. Their needs to be more sites like Mind Capital
Sure, me being prosecuted because I exposed a scam 😀
Since Mind Capital is blacklisted in its own home country (https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=mind.capital), you can be sure that the FCA in the UK would blacklist it too. If you are a UK resident, ask the FCA about Mind Capital and say you are their client. You will see the reaction, Mind Capital will get blacklisted in the UK.
CMNV it stands for National Commissions of the stock markets. Which clearly has nothing to do with cryptocurrency.
Investment services are regulated no matter the underlying assets.
This review is a huge bull*hit…. MindCapital is regulated in Spain, with offices in Madrid (anyone can visit them), there’s no fixed incomes, so what the author says about 39% it’s a big lie. Plz make a more serious research and come back with real arguments.
1) No, Mind Capital is not regulated in Spain, the financial regulator has never seen this company. It is easy to verify in their register, do a search here: https://www.cnmv.es/portal/Consultas/BusquedaPorEntidad.aspx?lang=en
2) In our review there is a screenshot of the alleged performance which shows about 1.3% daily, which is 39% per month. We prove what we say.
Whatever the risks involved, mind.capital looks sustainable. They take 35% from their daily arbitrage trades and give you 65%. Also, from the onset, one could see that they have put in alot of effort in their website. We must remember, there is risks everywhere tho, any online business is a risk. I am still testing the waters tho..once they dont pay my ROI, i will inform you. If they do, i will still comeback here and inform you. Up until now, i haven’t seen any red flags yet.
I am also of the opinion that AlmaxTrading.com is scam,…something just not right..could you maybe do a review on them..something fishy from the word go..especially their website structure and what their Plans.
You are riding a Ponzi scheme, and this always ends in a bad way.
from the onset on your website..one could see that you arent a Bitcoin/Crypto Currency fan, at all.. now i understand. Dont get me wrong..there are thousands of Bitcoin and Forex scammers online..thats for sure. But if you are an anti-Crypto..then i really think you should reconsider..there are serious and reputable platforms which i am involved in and invested in since 2018, and they are still going strong.
You need to be scammed (brutally financially raped) online, in order to bump into the right investment platforms. For obvious reasons, you wouldn’t want me to put them on your platform, so i wont.
I am a huge crypto fan, for real. Cryptocurrencies and blockchain are revolutionary and are changing the world.
Please do as legit you ones are hard to find.
Hi. Would you be so kind as to recommend a couple of other legit investment platforms that you have experience with. I invested with RedoxTradesLLC in December 2020. Seems they have issues although many investors were very happy with their returns for the previous year.
Just some corrections:
– Cryptocurrencies can’t be regulated by CNMV.
– Gonzalo is the owner of the company.
– It is registrated in Estonia and Spain.
– They do have offices in Madrid.
– You don’t need referees to make money.
– They show you all the operations they perform every minute, so you can see and calculate how they make money.
– It’s not a trading platform.
The most important fact is that Mind Capital is an investment service because they accept deposits from the public under the promise of making the capital grow. And every investment service has to be regulated, no matter the underlying asset that is used to grow the invested capital, that is the law. So, Mind Capital needs a license, and since it does not have any license whatsoever, it is an illegal investment service. Period.
I agree, a great platform for creating a passive income that one can draw weekly. This site reflects the general negativity in society as a whole towards crypto trading. For anyone to be able to comment truthfully they must have first hand experience. I am sure if someone were to lose a significant amount of money everyone would hear about it. What you don’t hear a lot about are those who are quietly getting on with life and enjoying the benefits of the risks they take. Any investment is risk. Just ask the founders of MCO and the chaps in Germany who have now been arrested for a Visa Card Scam. The stock exchange xouls collapse tomorrow, Bitcoin drop to one USD or you could get hit buy a car….. life is for living and taking risks, the more you risk the more you live….
Mind Capital is blacklisted by the Spanish regulator CNMV: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=mind.capital
i have been scammed for several times. alpha crypto trades, high end scammers, crypto profits1 is also scammer..id like to venture here with mind capital but hesitant to invest as to the legality of their operations.
Mind Capital is exceptional, led by a person of the caliber of Gonzalo Garcia Pelayo, a legend and a mathematical genius! We have been to Madrid to meet the whole company team, including the CEO (Gonzalo Garcia Pelayo) and we know the company very well. The company has registration licenses both in Madrid (CIF B88536065) and in Estonia (N.14933474), both companies are registered in the name of Gonzalo Garcia Pelayo. The profits that are generated daily are around 0.8% – 1.2% gross and are distributed as follows: 65% for investors, 30% in commissions for network marketing and 5% for the company. Such high profits are not possibile in the traditional financial system but it is possible to generate these profits if you operate with arbitrage trading in crypto. If you want to deepen your Mind Capital knowledge and other similar opportunities, feel free to contact me directly on Telegram @ ****, we present the opportunity 6 times a week and we will be happy to clarify any doubts you have about the project. These are few of this fake websites which provide fake information about project with the aim to pump their affiliate links, be aware of that. Cheers Mauro
BS, Mind Capital is on the blacklist of the Spanish regulator CNMV: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=mind.capital
What do you mean by blacklisted?
Just read the warning published by the Spanish financial regulator: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=mind.capital
it’s a scam !!! I was robbed by them as another 75 people from the pyramid .
They have not pay to clients since last November.
hola buenos dias !!! es una estafa me vienen pateando el deposito… y ahora ya ni lo email me estan respondiendo… no pagan y no van a ver mas su dinero vengo reclamando casi todos los dias desde noviembre del año pasado.
Just saying something is a fact doesn’t make it a fact.
I don’t know if MindCapital is a scam or not, but regardless, this article is a load of shit.
It’s just your opinion on something you haven’t even bothered to investigate. It’s actually pretty clear that you’ve noticed MindCapital is a bit of a buzz at the moment and you’re trying to make a buck of that popularity through this garbage review.
And what’s with the yellow highlighted text? Are you 8 years old or something?
I don’t know what yellow highlighted text you are talking about. And I am 3 years old, is there a problem?
Anyway, thank you for your valuable opinion, but you know, MindCapital is a Spanish company that is blacklisted by the Spanish financial regulator CNMV: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=mind.capital
So you can talk trash about me as much as you want, but this won’t change the facts.
Facts? I have return my investment and cashout my contribution. So 100% up for me. For you? Ya is scam 😀
Ponzi schemes do pay for some time, then they collapse and money disappears.
I’ve personally been to the offices of Mind Capital in Madrid (which anyone can do just by sending them an email).
The company has never made 39% gross or net profit for its users in a month so that’s another lie.
Gonzalo Pelayo and his son do live Zoom calls and I’ve even met some of the other team members when visiting the offices that you claimed: “have nothing in common with it!”.
And another funny one is about the blacklisting from CNMV because platforms like Coinbase (one of the biggest cryto companies in the world) are also on that list.
The Spanish government does little to no investigating into any cryto company just like yourself.
And it’s not very ethical to slander a company just so you can make a bit of cash from your affiliate program you have going with other brokers.
So next time when making BS accusations saying that something is a scam at least take the time to make a real argument that you can back up with REAL facts.
Speaking about BS, Coinbase is not blacklisted by CNMV: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=coinbase
Stop making up things to make Mind Capital look legit, it is not.
Brilliant reply Kristen – I agree with you 100% M.C is the first crypto-fiat company in the world and have enemies from competetors – I suppose this James Pinion guy is a competitor. Besto to ignore. I have informed Mind Capital about this page yesterday. Ive been with them since February and are very happy.
Care to elaborate how am I a competitor? Also, don’t forget that Mind Capital was blacklisted by the financial regulator in its own country: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=mind.capital
What are the criteria for being regulated as a financial institution in Spain?
Please ask the CNMV.
James Pinion you are so full of sh*t its coming out of your ears…….We have already seen people like you scammers.
Really? https://www.ssb.texas.gov/news-publications/commissioner-stops-mind-capital-marketing-fraudulent-international-0
“The Respondents are not registered as dealers or agents in Texas, and investments in the crypto-fiat arbitrage trading program are not registered or permitted for sale in Texas.”
I took that out of the link of yours. Just because the State of Texas do not permit people to sell or register any type of Crypto fiat arbitrage does not mean that a company is a scam. Mind Capital have there registrations in Spain and Estonia. They dont have offices in Texas and every country or state around the world – its an online buiseness with offices in Madrid that you can go and see and the same in Estonia. Its easy to look at a few videos and read a few junk reviews and then write a load of bullshit – I say, buy 40 MC coins and leave it there – see how it earns a few cents every day and then take it back out in 3 months time – its easy and you will see it isnt a scam. You cant say something is a scam without trying it and its obvious you havent. I bought MC Coins in February and religiously, 5 days a week get paid. I have also made withdrawals just to see everhy now and then and never have had a problem. So there!
Mind Capital has just a tax registration in Spain and the Spanish financial regulator CNMV has warned against it, because it is an illegal investment service! https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=mind.capital
Mind.Capital does not operate in any US jurisdiction. This is like if Sharifatul Hanizah Said Ali from the Malaysian Exchange Commission asked to stop PayPal because they offered a referral commission for getting new customers. Its stupid and completely outside of her jurisdiction. So James please fact check!
OK, so let’s do some fact checking: https://www.ssb.texas.gov/news-publications/commissioner-stops-mind-capital-marketing-fraudulent-international-0
Do you think that Texas authorities are lying when they say that Mind Capital is solliciting Texas residents? Also, note that the Texas financial regulator says that Mind Capital is a fraudulent pyramidal scheme, they came to the same conclusion as I did in my review.
I have news for you. It is not really important where the company is based and registered. What is important is that they have to have a license valid in very country they want to offer their services in. But Mind.Capital do not have any license for financial/investment services, this is why regulators warn against the company.
Ehh No. If the Resident is Texas has visited the website they are not under Texas Juridiction. Texas might think so because they are a US state. But the user clearly accepted Estonian Jurisdiction when they registered. Like a German user Accept US jurisdiction when opening a Paypal Account.
Please post documentation for your claim that its not important where the company i registered.
Paypal is not offering financial services (loans. etc) nor investment services, so they are not subject to the same regulation. Yet Paypal still has a European subsidiary in Luxembourg that deals with EU customers.
Investment and financial services are another category. Read the warnings from the Spanish CNMV and the Texas SEC – there you have it crystal clear, Mind Capital has no license for those countries, so they can’t legally offer their services there.
James I just learn something new today. That PayPal does not offer financial services.
“PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic …”
James can you please refer to the legal framework that shows what kind of licence Mind.Capital should have to offer crypto currency trading services.
Financial services and e-money services is not the same thing.
You have two warnings from financial regulators against Mind Capital, one regulator clearly stating that Mind Capital is a scam. This is a direct result of the legal framework that Mind Capital is breaking.
You have it all there, I am sorry but I have more important things to do than to explain you the meaning of words and texts.
Under what jurisdiction?
Sorry but that is not true. Emoney license is a financial services license. Fx in the EU country Malta, Emoney is regulated by the Financial Institutions Act [Chapter 376 of the Laws of Malta] which regulate ALL financial service business. So Emoney is clearly a financial service. In EU country Lithuania its the Law on Financial Institutions IX-1068 as of 24th November 2015 that regulate Emoney. So let us just make that clear.
It is not the same kind of license. If you are an e-money payment service, the requirements are different than when you offer loans, returns on deposits etc. like banks do. The regulation is totally different.
@Gaz lowe – I agree with you totally. I have been in mind Capital since february and they are a very serious company and I have got paid 5 days a week also and am very happy with the company.
The crap in this so called review is pathetic. Nowhere does Mind Capital talk about 34% interest a month being paid – that is so stupid its hard to believe the authors of this page even write it. Dedpending on the ups and downs of the market one can talk about around 11 – 12% and if the company doesnt gain then that day we dont loose, we just dont get paid. But that has only happened one day I think, when the market crashed back in March. Also this review says that Gonzalo Garcia Pelayo doesnt even know the company exist – how ridiculous. There are even interviews in youtube in English with Gonzalo talking about the company. How people can believe this bullshit written about the company I dont know – this is just someone slandering a good company to promote their own buiseness. It is defamation!
Are you blind? There is a screeenshot of the alleged performance of Mind Capital from its own website, it says 0.5% to 1.5% per day, and it shows an average of more than 1.2% per day. Do the math and you will understand where I got 34% per month from.
Also, Mind Capital is an illegal investment service, as confirmed by the financial regulator in its own country Spain: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=mind.capital
It does not change the fact that almost all your arguments are outright lies (so you are either lazy in your investigation or dishonest, or both). Also the CNMV does not certify ANY crypto buisness, because it’s crypto. This does not make it illegal, it just makes it illegal for institutions to invest or recommend said business. So it’s legal, but only private individuals can make their own assessment and invest in it.
Mind Capital gives a return that is plausible with a good bot and sufficient computing power. That return is nowhere near 34%, they would need all days to be at an almost never seen 1%+
If you were honorable you would at least put your article up to date.
If there were an institution regulating journalism, you would be disqualified right away.
I will address just the biggest of your lies. If the CNMV warns against a company, it is because the company is breaking the laws. Mind Capital offers investment services, it needs a license, but it doesn’t have any. It does not matter if the company trades with crypto or any other asset, as long as it offers returns on investments, it is an investment service. It cannot be legally offered to inndividuals nor firms. So please, stop your BS.
James, you have been singing this song for months. Why have the prosecutor in Spain closed the company and arrested the owners? Do you speak spanish? Can you see what they actually write?
The warning is available in English: https://www.cnmv.es/Portal/verDoc.axd?t={32dfb3fe-794a-4cea-b5a1-15a1e4c3b238}
Also, the Texas financial regulator says Mind Capital is a fraudulent pyramid scheme: https://www.ssb.texas.gov/news-publications/commissioner-stops-mind-capital-marketing-fraudulent-international-0
you link is not working. I guess the site has been taken down. also an opinion from a US exchange commission does not have much value outside the US.
If you mean the CNMV link, just go here and click on the English pdf version: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=mind.capital
And please, don’t make me laugh… A financial regulator in the US says Mind Capital is a scam and you say it means Mind Capital is a scam only in Texas? Like really?
The CNMV link does now work
It does.
I dont think we care much about what the US SEC says in Europe. It was also a US agency that claimed Saddam has nuclear weapons. That did not make it more true
Geeeeeez
The link is not working from Germany. But it does not make a difference. In EU an agency like SEC does only have authority over business that are regulated bu them. So if a company is not regulated and they believe they should be, they can report this to the public prosecutor and they can bring the business to the court. In Europe you are only guilty when you have been in front of a judge. I dont know how it is in Texas as you claim that there they say Mind.Capital is fraudulent. In Europe a claim like that would be a crime as that would be lie unless this was proven by a court of justice.
So please provide your evidence that this is the case or else what you say is just hearsay and fake news.
You are wrong and I am not losing any more time with you.
Still think Mind Capital is legit? 😀
I think all of you should stay away from this company. We are some who would like to keep this a secret and only offer this investment on invite only. Now as they got registered in Europe’s Fintech Capital Tallinn and operate under a legal framework that allows trading with crypto currencies it makes it even more important that we keep this on a few hands only. Better let the masses stay behind in this paradigm shift that is taking place
So they were chased from Spain because they were breaking the laws and now they are trying to find a new home in Estonia? 😀
You are not from Europe I can see….. hehehehe
Hi,
Any news about mind.capital?
I was supposed to have a payout of 760$ the 10th of March at the latest, but no payout so far …
I invested with mind.capital in 2020. After changes to their system I was promised a refund. I have now been emailed with several dates, and as each one arrives, I’m told there is now another date. This is one of the BIGGEST SCAMS I’v seen in recent years, and what”s sad is they are still promoting it, and taking people cash.
Is there an update on this one – Website is dead so assuming the pyramid crashed as predicted