Daan Van Koelen

Quick summary on Daan Van Koelen

Daan Van Koelen, a prominent figure in the cryptocurrency space, faces serious allegations regarding his involvement in a fraudulent Smart Trade Coin ICO and the associated MLM (Multi-Level Marketing) schemes. Despite claims of high returns through crypto trading software, investigations have revealed dubious practices.

Involvement in MLM Fraud: Van Koelen, along with other individuals like Waldemar Reimer and Joerg Gehrmann, promoted the Smart Trade Coin platform via MLM tactics, encouraging recruits with misleading promises of significant profits. The software sold, meant for cryptocurrency arbitrage, was never delivered as promised.

Scam Allegations: The project, relying heavily on an MLM structure, failed to disclose key information in its white paper, such as the pre-sold arbitrage software and the connection between STC and the MLM scheme. This lack of transparency led many to believe it was another Ponzi scheme.

Dangerous Financial Practices: The Smart Trade Coin platform’s lack of credibility, alongside false information provided by Van Koelen and his associates, left investors vulnerable to financial loss, highlighting the dangers of poorly regulated crypto projects.

Daan Van Koelen’s participation in Smart Trade Coin underscores the importance of due diligence in the crypto industry, especially when MLM structures and unverified claims are involved.