Torque Bot review – a HUGE scam [Bitconnect clone!]

Torque Bot review

This review of Torque Bot is a warning against a cryptocurrency scam that is destined to end very badly.

What is Torque Bot

Torque Bot is a cryptocurrency trading platform that trades on behalf of its members and supposedly makes them money.

The company allegedly uses artificial intelligence as well as manual trading to achieve daily returns that range between 0.15% and 0.45%.

The main strategies revolve around arbitrage trading and scalping.

The Torque Bot company allegedly is based in Singapore and its CEO is Bernard Ong. It also is supposed to have offices in four other countries in Asia.

The minimum deposit to start investing with Torque Bot is 0.02 BTC, or 1 ETH, or 5 LTC, or 250 USDT, which basically means the equivalent of 250 USD.

Deposits are made in mainstream cryptocurrencies and converted to the Torque Token (TORQ). Profits are paid in TORQ and the minimum withdrawal amount is the equivalent of 2 USD (2 USDT, or 0.0005 BTC, or 0.01 ETH, or 0.001 LTC).

You can use a mobile app called Torque Super Wallet to do all your business with Torque Bot.

Features

Is Torque Bot legit?

No, Torque Bot is not legit. First of all, it is a completely anonymous operation. On its website we found no contact information at all. Claims about offices in Singapore and other countries are extremely likely false.

A legit company would provide real contact information and proof of registration and regulation.

Let’s get this straight: Torque Bot is providing investment services, because it offers returns on investment. This means that its activities are subject to financial regulation.

This also means that Torque Bot needs a license from a financial regulator valid in every country it wants to have users in.

But in reality, Torque Bot is not registered nor licensed in any country in the world, therefore it is an illegal investment service. It is not legit!

Torque Bot Holdings

The Torque Bot scam

The truth is that Torque Bot is a scam. We needed just a few minutes to see that it is the old Bitconnect scam recipe recycled again.

It works like this: You create a Ponzi scheme that is doing nothing but redistributing deposits made into the system. You make up a story about how you generate profits in crypto trading, while in reality you don’t do any real trading.

To rip off your victims twice, you sell them your own worthless scam coin (TORQ) and take their real cryptos, so that they are left completely empty- handed when your house of cards collapses.

We have seen many scams using this recipe, like Netfix for example, and Torque Bot is one of them.

To be clear, Torque Bot is not doing any real cryptocurrency trading, at least not profitable. It’s a Ponzi scheme that relies solely on deposits, it uses them to pay out profits. Which means that sooner or later it has to collapse.

Referral system

Irrational returns

One of the giveaways of investment scams is the promise of daily (more or less) stable profits. Because it is not possible to have daily profits in financial trading, let alone in crypto trading.

Every real financial trader will tell you that it is impossible to be profitable every day. Heck, even every week in green is close to a miracle. That’s just how financial markets work.

Moreover, Torque Bot is promising up to 13.5% monthly returns just from trading. Then they promise 97% of you referrals’ deposits across seven levels. This means that in total their trading would have to generate a lot more than 13.5% monthly on a constant basis, which is ridiculous. One of the reasons is that arbitrage trading is not scalable.

Not to mention that Torque Bot claims that it is completely risk free, which is another total nonsense in the world of trading. Financial trading always is risky!

All in all, the investment plan of Torque Bot is a big proof that the whole operation is a scam.

No risk free trading

TORQ scam coin

As we have already mentioned, the Torque Bot runs on its native Torque token (TORQ). This is a scam element that should make look the project legit, but it is not.

The TORQ token is an absolutely worthless piece of garbage. No reputable cryptocurrency exchange is trading with it. It is listed only on Yobit, where the TORQ liquidity and daily volume are practically zero.

What does it mean? It means that TORQ has no value and you can’t exchange it for real money, it is worthless. Therefore, being paid in TORQ is equal to not being paid.

You are dependent on scammers who run the Torque Bot if they will be willing to exchange your TORQs for a real cryptocurrency and let you withdraw.

How Torque Bot works

We have already touched this subject, Torque Bot works as a Ponzi scheme. It depends on people depositing money into the system.

All deposits are gathered in a pool and this money is then used to payout daily profits. You can probably guess that total deposits need to be higher than total withdrawals, otherwise it won’t work.

And this is precisely what Ponzi schemes rely on. At the beginning new members are rushing in and the velocity of deposits exceed withdrawals. More and more money is coming in and withdrawals are delayed relatively to the deposits.

But with every Ponzi scheme there always comes the day when there are not enough deposits to cover the withdrawals, which brings the inevitable collapse. Torque Bot is going to collapse, the only question is when.

Don’t join it, because it can collapse right after your first deposit. Even if you manage to pull out some profits out of Torque Bot before it collapses, it would be somebody else’s loss. Because remember, Torque Bot is not doing any real trading, it just takes money from some people and gives it to others. Don’t play this game of the greater fool, it always kicks back.

Torque Bot scam

Torque Bot review – the conclusion

Torque Bot is a scam, a Ponzi scheme that is destined to collapse. The Torque coin is a worthless piece of garbage that is not tradeable on any reputable exchange. Stay away from it as far as you can!

If you are interested in legit cryptocurrency trading, you can start on a free demo account with a regulated company and see how it really works.

If you decide to invest real money, please be sure to understand the risks and have a good strategy.

Torque Bot

250 USDT
1

Trading system

0.0/10

Mobile app

3.0/10

Real returns

0.0/10

Pros

  • Cryptocurrencies

Cons

  • Fake TORQ coin
  • Scam
  • Ponzi scam
Please share this review to help warn other people

Comments 103

  • Is luno safe and legit

    • Do you have a link?

    • Alot of your information is not correct. Torque offers 1.1 percent return per week, not 13 percent as you claim. The torque coin profits are paid daily. You can exchange torque coin profits for bitcoin litecoin usd daily. You can also withdraw your entire capital at any time. They have a registered company, a CEO and offices in Singapore and Vietnam. I suggest you do better research before you publish poorly researched information.

  • Before you Judge Torque . Go to the Torque offices in Vietnam and Singapore . You will see active trading in different cryptocurrency excahnges.

  • I have to admit that there’s a lot of scams in crypto but Torque ain’t one.
    A lot of informations you’ve written are false , it looks like you’ve never used Torque.
    I’ve put a few money on it 8 months ago now, I withdrawed 2 times without any problem,support is very reactive , profit rate is not incredible but I had some good profit on it.
    At any moment you can withdraw,at any moment you can reallocate torque coins to BTC/LTC/USDT/ETH to withdraw you profits.
    For exemple, when I woke up this morning I had 7$ rewards in Torque coins,I reallocated them in BTC to continue compounding and it’s quite fast.

    It’s actually the best service in this genre and your article is full of sh*t.And trust me,I lost a lot of money in scams in crypto, but this one is not one.

    It looks like you just wanted to talk bad about Torque without getting all the infos.
    You should read more and inform yourself better about Torque.

  • the author is sharing misleading content.

    • Care to elaborate?

    • We’re all gonna no if torque is a scam no one is stupid. Don’t take that as granted. Cloud token already, not sure if it’s same block chain fictional fintech but I wish and hope Ronald Aii goes to prison for life and gets ass fcked.

    • I agree. Most of it is totally not correct. He did not get the right information himself or he didn’t make an effort to understand the information and is only reacting on his prejudice. Let someone inform you correctly and don’t believe this nonsense.

  • One of the worst and poorly researched articles written with all information incorrect. DO some proper in-depth study on a product before looking like a complete and utter tool.

  • Go talk to the ceo yourself. He will answer all your questions.

  • I have friends and family who invested in this scheme, although I have told them that it’s very likely a scam. Not sure how to convince them otherwise, but at least they are not investing alot. I’ll prepare to tell them “I told you so” when the time comes.

  • yes, i’m very sure it is a scam because i’ve dealt with the very same people where they were running multiple MLMs before. I have no doubt this is a ponzi scheme run by some very shady people.

    It is paying now because it is in the early stages of investment. those who went in early will make money. if you take ur money and exit early, good for you. if you stick around and it loses its steam, you will see all of your money evaporate. PRINCIPAL AND ALL.

    • Lin’s right. It happened two days ago. Torque has frozen everyone’s account and is claiming that a rogue employee stole 90% of everyone’s crypto.

  • Pretty obvious it’s a scam. Just matter of time before it implodes. There will be retribution for scammers who prey on others, just a matter of time.

  • You know, when you start your article with THE WRONG COMPANY NAME, that gives away ALL your intentions!
    So you found a company, the name and reputation of which you wanna piggyback ride, while bashing it, so you can offer your own crap? Hahahaha!
    Do you really think that you are the first one to do this? This is a TYPICAL blogger move in our time and age!
    AND you are JUST AS PATHETIC, as ALL the others who do the same thing, you do!

  • Hope you’re sleeping well at night

  • If you have nothing better to write, at least get all your facts right.. I wonder where you got the numbers 13.5% every month… plucking numbers from out of the air shows what you are really trying to prove…

    • I have my facts right. Look at the second picture in the review, the official presentation of Torquebot promises up to 0.45% daily, which is…. 13.5% monthly.

  • You are nothing but a second great trying hard messy blogger.

  • this author talking bull*hit. Those who have invested are still earning. The company is doing real trading & their office is in Singapore. There may be other platform which promises higher returns but is 100% reliable.

  • You make your own assumptions based on your opinions about their operation style and not on actual evidence. PowerPoint screenshots don’t count.

    For example, crypto.com offers returns on investment for their own coin as well, they are not financially regulated. Are they a scam too?

    There are videos on the net showing the actual Torque office and their live trading. Did you take that into account when you said claims of real offices are false?

    You said the TORQ token is absolutely worthless, then why are users able to use their TORQ to purchase from a wide variety of goods with international shipping? Does that mean these merchants are into the scam game as well?

    Not to mention, you said TORQ can’t be exchanged for real money when it already has been done so since the beginning to the present. This is just 1 of your many misleading statements.

    So, when you make claims, please back it up with actual evidence and not just sprout your assumptions from thin air and talk like an empty fear-mongerer. I will respect you more the more solid evidence you can produce.

    • Crypto.com is a real exchange and CRO is a real cryptocurrency that is traded on multiple exchanges.
      Meanwhile TORQ is a scam that is not traded on a single exchange and can’t be used for anything real. No real merchants accept TORQ.
      Show me one exchange that is trading TORQ. There is none.

      • So right now suddenly you determine what is real because it is an exchange, and not because it needs a license from a financial regulator from every country it has users in, which you said so clearly?

        What else determines what is real or not that you have not mentioned in your article? How about having a real trading office and team verified in multiple videos? Or are you just going to pick and choose by your own rules on what is real and what isn’t?

        Also, who told you that the TORQ coin needs to be traded on an exchange? Is there a requirement for a coin or in-house currency to do so? Or did they promise that it will be traded but it wasn’t?

        There is no requirement that an asset MUST be traded on an exchange to be real. There are many other ways for an asset to have value.

        Furthermore, the TORQ token
        a) can be converted into other cryptocurrencies anytime (proven many times by other reviewers)
        b) can be used to buy goods from a wide variety of genres. Please go and visit it’s in-app shopping platform if you doubt it’s existence. Oh wait, if you are not a user, just ask one of the many thousands of other users who can access the platform.

        Don’t just blindly say it can’t be used for anything real when all the users are currently encashing it and/or buying stuff with it. It makes your words really hollow. I hope you understand what I mean by showing evidence and not just empty words.

        • You really are confused. A cryptocurrency exchange is not required to have a license. Brokers and investment services have to be licensed. It is not me who decides, it’s the law.
          A cryptocurrency that is not listed on any exchange is like a cryptocurrency that does not exist, because you can’t exchange it anywhere. Your “proven many times by other reviewers” doesn’t mean anything.
          If you can’t find a cryptocurrency on Coinmarketcap.com, it is either fake, or it does not exist or it is used in a closed system that you can’t verify in terms of legitimacy.

          • Hi my friend, with respect to what you have replied, please take note that the TORQ currency was not intended to be a cryptocurrency. It was also not intended to be listed on any exchanges.

            It is pegged at US$0.05, and is not meant to be trading at all. It is just a medium of in-house currency to facilitate transactions. Let me give you another example : Amazon coins.

            You are only half right in that it is used in a closed system. TORQ coin is an example of a Hybrid Virtual Currency. Hybrid currencies are issued, controlled by and typically only have value to the issuing company and its customers.

            When I mentioned it’s “proven many times by other reviewers”, it is the fact that this TORQ currency can be converted into other cryptocurrencies readily and has been done so all along.

            As for why I mentioned licenses, it was YOU who said that (let me quote you) “Torque Bot is providing investment services, because it offers returns on investment. This means that it’s activities are subject to financial regulation.”

            Let us refer back to crypto.com. Notwithstanding it has an exchange or not (which is totally besides the point), it also offered up to 20% APR (Annual Percentage Rate) for anyone who staked funds in it for 6 months. By definition this is also an investment service but it has no financial regulation. So as an investment service, was it licensed?

          • The difference might seem subtle to you, but it is what counts. Staking or mining cryptocurrencies is not an investment service and it is not regulated. This is why Crypto.com do not need a license. Meanwhile Torque Bot clearly states that profits come from trading with a robot, which means that it is an investment service.
            As for your internal TORQ coin, I can only say: Bitconeeeeeeeeeect!

      • James, you were right. You called it perfectly.

        We researched this “company” and it’s supposedly been around since 2011, right?

        Yeah, maybe in the CEO’s mind. The ventures and businesses, across the “ten years” are linked to one another, same team members, same titles. And what should be a 10 year social media footprint only goes back to the beginning of 2019.

        Here’s the updates as the whole shenanigan is unfolding:

        * Accounts are frozen
        * All Coins are said to be affected (a 90% loss across all users)
        * Torque Ceo, Bernard, says that he surprisingly can’t get ahold of his Chief Technical Officer who is apparently the only person who runs the Vietnam “Office” where all the “trading” happens
        * The internal chat program, Telegram, is up and running (causing users to speculate, “maybe this isn’t a Ponzi scam! They’re still talking to us!) to monitor the conversations of its users, buy some more time, and see how close people are to filing police reports.

        It’s a sh*t show and my husband fell for it. It was fine when our bitcoin, Jan 2019, was only worth 7,000 or so, haha. Now with the bull market that’s surprising the world? ::sigh:: we’re out $100K USD and will probably neverrrrrrr get that back.

        • Hello all!

          This is an action item list we came up with on the Zoom call last night –

          please commit to doing these within the next week in order to keep up pressure and momentum, and, in the case of #2, ASAP

          1. Contact your country’s embassy in Singapore to report Torque. You can try to file a police report with the Singaporean Police, but as a foreign citizen, we’ve been advised a more effective strategy may be to file a report locally and then contact your embassy to have them bring the local police report to the Singaporean authorities.

          – getting as many of these police filings as possible is important to pressure the police to open an investigation! –

          (for the US: website – https://sg.usembassy.gov/u-s-citizen-services/victims-of-crime/

          email: [email protected])

          2. If you want to explore the possibility of a civil suit against Bernard and the Torque Team to recoup loses, PM John in the channel with your name, email and how much you lost. He is taking point on working with a law firm named Drew & Napier in Singapore. We are just looking to set up an initial meeting to see what our options are, so you wouldn’t be committing to a lawsuit. The more of us there are, the better chance we have. Please do this ASAP.

          3. Contact to file a complaint: https://www.acra.gov.sg/compliance/enforcement-policy-statement/filing-a-complaint-on-alleged-offences

          4. Dive deep into your networks to see if anyone in there can help us – journalists, private investigators, lawyers, social media gurus with large followings, etc. We want to leverage as many skills and areas of expertise as possible.

          5. If you have large social media followings or expertise and in that domain, let us know – we want to come up with a strategy to try to make what Torque did go viral. It will probably make sense to create an active working group around this.

          Thank you all so much for being involved in these efforts. Torque is counting on us not coming together and standing up to them. They are wrong and we can show them just how wrong they were to steal from us. It only takes one path of action to work.

  • I would not trust any investment platforms again.
    A side-note: Bitconnect WAS KILLED by the cartel of governments and banks, it did not collapse by itself.

    There were several Bitconnect clones popping up, they all collapsed quietly and “naturally”. Nobody had any witch hunt like they did with Bitconnect.

    Just because a platform currently pays out doesn’t make it legit!!! This is a classic trust creation tactic. You see that it pays, you add more and more funds to get bigger payouts, until one day you lose all, before earning back what you invested.

    The payouts can stop overnight! They either pack and run, or they will stop paying and start finding excuses one after another.

    Keeping your funds invested on any platform is very risky and usually ends badly for you (unless you’re one of the insiders with certain information).

    Now calculate, how does this Torque platform generate funds to pay out for all those MLM referrals?

    • Concerning your side-note, this is debatable, Bitconnect was blacklisted, but its end perfectly aligns with the downturn of cryptomarkets. In my opinion they ran out of money as a classic Ponzi scheme. But it does not really matter, it was doomed to collapse and it did.

      • Torque has vip 9 status at binance. What do you say about that James?

        • I say that even if it is true, which I can’t verify, trading volume does not automatically equal profits.

          • Well, vip 9 status is 150000 btc being traded in a month. If they are making losses then they will run out of money very quickly. But they are still operational. Also you can actually see the live trades being done and their order history on binance on their website once you’ve logged in. Have you checked this James? Whats your opinion about that?

          • My opinion is that I stand by my review.

          • because james pinion is illiterate. he doesnt know how even read a book, of course how can you expect him to know how to verify things on an internet.

            what a fool of him to write this article, now he making a fool out of himself writing this article.

          • he stand by his review that is baseless and not open to other people interpetations.

            he is ard wrong, but he dunno how to say sorry, or even have the face to remove this page. because james pinion has an ego issue.

            james pinion a scammer at heart.

          • Thank your for your kind words. It’s really funny because within a few minutes you attacked me in this discussion from the same IP address under 4 different names: jackie, cassandra, bolak and pem. So yeah, you look legit and credible 😀 😀 😀 😀

  • Well at least give me your opinion about the info that i gave you? Or check out the live trades out yourself and then give me feedback as i havent invested in this company but im about to since everything looks good.

    • I tried to have a look at it, but the registration process requires me to give them my phone number, which I will never do. I also notice that they changed their website, there no longer is a presentation with the impossible promises and their non-existing cryptocurrency TORQ. Which confirms my initial findings, they are just trying to regroup to look more legit. If you do huge volumes on an exchange, which I still have no proof about with Torquebot, you can do wash trading and this sort of things to just inflate volumes and not be really trading for profits or losses. On YouTube you have videos with their alleged results and there is not a single losing day in months, which really is impossible in legit trading.

  • Apparently they only do 20% scalping and 80% arbitrage. Can that be why they have only profitable days?

  • James Pinion is a scam and writes misleading content to mislead people. Heck he didnt finish high school diploma and only have primary school education, and to believe someone to put an article together, what a joke.

    he cant even tell a difference between exchanges and tokens, what an idiot!

  • Looks and feels like a scam in every way so I agree with James. They need to registered as investment services in each country they operate there’s a bunch they dont including the USA. Technically they don’t even offer a product just a wallet that returns an insanely high impossible to achieve level with normal trading. Based on what they say they have a fool proof method for generating positive returns every day. That is not possible with just your one coin due to trading fees. Therefore they quite clearly look everyone’s coins together this is also clear by their statement that they are returning company profits to users but where exactly do these profits come from? Why is the whole thing is set up MLM style ? The only reason you would structure your company that way is to rip off people at the end despite many people receiving their interest.
    Some of their examples for trading don’t even make sense e.g.. a kraken to binance one in which profit gets killed by fees and tax….wait a second who actually pays tax ?
    Mlm companies are known for being overly complex and Torque is like this so it’s hard to work it through but something doesn’t seen right. James is right the torque token has no trade volume or clarity check out coin gecko and is different from the likes of Celsius where they actually pay out of actual income.
    There’s so many side products wrapped around this too it’s like Amway.
    Just because they have offices and show them trading doesn’t mean they are being open about what they are doing behind the scenes.
    I believe many of the positive reviews on the internet are actually from the company itself.
    They also have spelling errors on their site and their android app has bugs.
    Stay away

    • Uh….they make profits through trading? And the internal coin is used in their ecosystem. Buy merchandise in the Torque mall. Book flights, rent a car, or get a hotel room using Torque coins. Do any ponzi schemes that you’re familiar with had these features? If they are truly a ponzi they would have allowed just everybody to join the platform. But they adhere to each country’s financial regulation. Bahamas, Barbados, Korea, Iran, Libya, Pakistan, Panama, China, Congo, SINGAPORE, Somalia, South Sudan, Sudan, Syria, US, Yemen, & Zimbabwe are the countries restricted from opening a Torque account after Sept.5, 2020. If they are truly a ponzi, they would not restrict China or US from using the platform. PONZI is about bringing in more people, right? And I highlighted SINGAPORE because Bernard Ong is Singaporean. You guys know what happens when you commit a crime in SIngapore, right? Though he’s Singaporean, he still has to adhere to the Singapore’s financial laws.

      • They adhere to financial regulation? Quite the opposite, they are not registered nor licensed anywhere, Torquebot is illegal in every country. I strongly recommend to everybody who is considering Torquebot to contact their national financial regulator and ask them about Torquebot to get the confirmation that it is an illegal investment service.

  • Torque has VIP 9 status at binance, I’ve been to the Singapore office physically. You make statements based on your own opinions. Have you actually fell victim to this so called scam or are you talking out of your ass? This site itself smells like a scam.

  • Wow, after your thorough review of Torque you can’t even provide proof that Torque’s trading system is not real. The least you can do is do some digging since you’re a BIG SHOT critic, right? Why not get in touch with binance and get some verification about Torque’s VIP 9 status? Or setup a zoom meeting with Bernard Ong. Ask all the questions you want. Ask for some proofs. You say it’s your opinion that Torque is a scam. But all you did in your review is just discrediting Torque’s claim WITHOUT PROOF. Come on bro, you can do better than that.

    • Without proof? How can I prove that something does not exist? The cryptocurrency TORQ does not exist in a public form, it is not traded anywhere. Prove me wrong.

      • it exist… but u just cant be bothered to go and arrange a session with the ceo or check with binance. easier to say the whole thing doesnt exist.

        • The thing is that legit cryptocurrencies are decentralized and open, they run on public blockchains that can bee seen and verified by anyone on the internet. So show me the TORQ blockchain, the transactions and everything. Right, you can’t…

  • lol. loser promoting other project say that the most legitimate project is a scam.

    Uninformed Article.
    Useless and rubbish facts.

    Just a loser trying to promote his own project and just envious and jealous of torque.

    Next better writer pls, what a waste of my time.

    • Can you please tell me what is my project? Because I am not aware of any project that would be mine. Would be cool, though, to have one.

  • Just changed my mind opening a Torque wallet. Thanks! Had enough of scams. People keep defending scams that are even doomed by regulators. Burned my fingers 3x in one month. Not investing when there is even a remote chance of a scam. These other scams came highly recommended and some people made lots of money, but others lost lots of money and lost their entire life savings. They were running for good time periods, just to lure more people.

  • you are shilling on torque and recommending e-toro ya bro ?
    let me think, wouldnt that have some kind of referral link so that u can earn from writing this blog. u are writer with a hidden motive.

  • This person either doesn’t give a crap about researching proper information. Or he’s just dumb.

  • I hope nobody got burnt.. I just received a letter from torque purporting a steep drop in value of my holdings.. Hope it is not true..

  • Yeah I saw the letter. I had quite a bit in there. Only time will tell if its a legitimate loss or these guys are scammers.

    Hopefully in a week we know….Worried about how much the loss is…

    • Stay strong. Heard loss is upwards of 60%. It is increasingly apparent that it was a scam from the start. How could it be that crypto are generally rising yet they purport to make a big loss?!? More likely that they couldn’t make good on the withdrawal, hence the letter.. I have 6 digits value in it…

  • I tryed to get may capital out 3 days ago and instead got a letter from CEO stating that withdraws are not possible due to great loses..! defenitly a scam.

  • The absurdly high number of comments bashing this post is itself a red flag. Obviously the ones running the scams came in here to do damage control. Well, the scam has been proven, well done to the author.

    https://torquesuperwallet.asia/2021/02/09/letter-from-torque-ceo/

  • So Where’s the apology owed to James?

    • Haha, there’s no apology because the ones bashing him are Toque employees. Like he said, 4 “personalities” from the same IP address.

  • Ppl said it’s not a scam should slap their faces.LOL

  • You are fu*kin right mate. Well done.

  • My buddy lost 10 eth recently in February because of the scam. Torque ceo must be making new accounts and writing these comments. Its a SCAM. My friend lost 10 eth i told him not to use it!!

  • Hello all!

    This is an action item list we came up with on the Zoom call last night –

    please commit to doing these within the next week in order to keep up pressure and momentum, and, in the case of #2, ASAP

    1. Contact your country’s embassy in Singapore to report Torque. You can try to file a police report with the Singaporean Police, but as a foreign citizen, we’ve been advised a more effective strategy may be to file a report locally and then contact your embassy to have them bring the local police report to the Singaporean authorities.

    – getting as many of these police filings as possible is important to pressure the police to open an investigation! –

    (for the US: website – https://sg.usembassy.gov/u-s-citizen-services/victims-of-crime/

    email: [email protected])

    2. If you want to explore the possibility of a civil suit against Bernard and the Torque Team to recoup loses, PM John in the channel with your name, email and how much you lost. He is taking point on working with a law firm named Drew & Napier in Singapore. We are just looking to set up an initial meeting to see what our options are, so you wouldn’t be committing to a lawsuit. The more of us there are, the better chance we have. Please do this ASAP.

    3. Contact to file a complaint: https://www.acra.gov.sg/compliance/enforcement-policy-statement/filing-a-complaint-on-alleged-offences

    4. Dive deep into your networks to see if anyone in there can help us – journalists, private investigators, lawyers, social media gurus with large followings, etc. We want to leverage as many skills and areas of expertise as possible.

    5. If you have large social media followings or expertise and in that domain, let us know – we want to come up with a strategy to try to make what Torque did go viral. It will probably make sense to create an active working group around this.

    Thank you all so much for being involved in these efforts. Torque is counting on us not coming together and standing up to them. They are wrong and we can show them just how wrong they were to steal from us. It only takes one path of action to work.

  • They already ran off with the money. I can’t believe you all actually believed the stories they cooked up giving them time to withdraw and escape. Now everything is gone now and you wont be able to find them. Hope you all learnt a lesson. Anything that promises you 10% per annum returns be prepared to lose it all.

    • Not enjoying reading stories about people who lost money in this, but yeah, that’s why I try to warn them with my reviews.

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