FCA to take action against fraudulent ICO project Sparkster
FCA to take action against fraudulent ICO project Sparkster
The Issue
Our Sparkster Complaint, Sent to FCA
Dear FCA,
Sparkster is a fraudulent project. Investors were lured by promise of high return from a company that appears to have a gold seal of approval from ARM.
Sparkster was first advertised as a promising project with tangible valuable resources;
An existing global footprint, partnerships and advisors, ambitious roadmap with patented technology, prior investment of $8,000,000, in the radar of VC networks.
CEO suggested, without any basis, his financial product is a vehicle for guaranteed ROI of “300X”.
Every of those claims had a pivotal impact in investor decision making.
However, discrepancies started to unfold;
Partnerships were discovered to be questionable; Partners and advisors distanced themselves. ARM removed it from its Mbed programme. Unilateral non-disclosure agreement was constantly cited to explain the silence from prospective “fortune 500” partners.
The CEO’s “finished product, not a MVP” was found to be deceptive, after a year, there isn’t any resemblance in the promised roadmap and actual progress.
Their products had been subject of controversy. They were being disingenuously perpetuated by Sparkster team and shills as working product, while there is no visible adoption or any actual use-case till date.
Patents were non-existent.
The $8,000,000 and VC claim was inconsistent with its public financial statements.
CEO addresses selective questions with more equivocacy, cherrypicking, fallaciousness, backpedaling, gaslighting, and contradictions.
Instead of providing verifiable evidence, CEO demanded mental gymnastics to read between his lines.
There are no report of any beneficiary of this High Yield Investment Programme.
Investors, whose trust is nothing short of breached by a fraudulent project with no intentions on delivering its promises, will be left to bear the burden for this deceptive make-believe — a financial loss on their book.
As the overseeing authority on this matter, FCA must intervene urgently.
Petition originated from Telegram t.me/SparksterFCAcomplaint
Sparkster Website https://www.sparkster.me
Sparkster Twitter https://twitter.com/sparkster_me
The Issue
Our Sparkster Complaint, Sent to FCA
Dear FCA,
Sparkster is a fraudulent project. Investors were lured by promise of high return from a company that appears to have a gold seal of approval from ARM.
Sparkster was first advertised as a promising project with tangible valuable resources;
An existing global footprint, partnerships and advisors, ambitious roadmap with patented technology, prior investment of $8,000,000, in the radar of VC networks.
CEO suggested, without any basis, his financial product is a vehicle for guaranteed ROI of “300X”.
Every of those claims had a pivotal impact in investor decision making.
However, discrepancies started to unfold;
Partnerships were discovered to be questionable; Partners and advisors distanced themselves. ARM removed it from its Mbed programme. Unilateral non-disclosure agreement was constantly cited to explain the silence from prospective “fortune 500” partners.
The CEO’s “finished product, not a MVP” was found to be deceptive, after a year, there isn’t any resemblance in the promised roadmap and actual progress.
Their products had been subject of controversy. They were being disingenuously perpetuated by Sparkster team and shills as working product, while there is no visible adoption or any actual use-case till date.
Patents were non-existent.
The $8,000,000 and VC claim was inconsistent with its public financial statements.
CEO addresses selective questions with more equivocacy, cherrypicking, fallaciousness, backpedaling, gaslighting, and contradictions.
Instead of providing verifiable evidence, CEO demanded mental gymnastics to read between his lines.
There are no report of any beneficiary of this High Yield Investment Programme.
Investors, whose trust is nothing short of breached by a fraudulent project with no intentions on delivering its promises, will be left to bear the burden for this deceptive make-believe — a financial loss on their book.
As the overseeing authority on this matter, FCA must intervene urgently.
Petition originated from Telegram t.me/SparksterFCAcomplaint
Sparkster Website https://www.sparkster.me
Sparkster Twitter https://twitter.com/sparkster_me
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Petition created on June 22, 2019