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Stephen McCullah
Stephen McCullah, associated with Apollo Currency and LunaOne, has been implicated in multiple fraudulent activities, including misleading investors and misrepresenting partnerships. His actions have led to significant financial losses for numerous individuals.
Quick summary on Stephen McCullah
Stephen McCullah, known for his involvement with Apollo Currency and LunaOne, has come under scrutiny for deceptive practices that have adversely affected investors. Allegations against him include false claims about partnerships, misrepresentation of project statuses, and misleading financial projections.
Misrepresentation of Partnerships and Financial Projections:
McCullah falsely claimed to have secured a partnership with CBZ, a statement refuted by the company’s chairman, Marc, who confirmed that no such agreement existed. Additionally, he misled investors by asserting that Apollo Currency would be listed on the top 20 exchanges in 2019, a promise that remained unfulfilled.
Deceptive Practices and Investor Losses:
Investors have reported significant financial losses due to McCullah’s deceptive practices. For instance, an individual named Martin invested €10,000, while Tracy P invested $18,700, among others. These investments were made based on misleading information provided by McCullah regarding the potential returns and security of the projects.
Legal Actions and Public Response:
In response to McCullah’s actions, legal actions have been initiated against him. YouTube channels that exposed his scams received cease-and-desist letters from Harman Lawyers, representing McCullah. These letters demanded the removal of videos critical of McCullah and his associated projects. However, the channels have expressed their intention to continue exposing fraudulent activities, emphasizing the importance of public awareness.
Stephen McCullah’s involvement in fraudulent activities has led to significant financial losses for investors and has damaged the credibility of the projects he was associated with. His deceptive practices highlight the need for thorough due diligence and skepticism when engaging with investment opportunities, especially those involving cryptocurrency and blockchain technologies.
Intel Reports
by: Zephyr Molina
Stephen McCullah is the king of hyping up projects that never see the light of day. Investors get excited, throw in their money, and then watch as everything quietly disappears.
Pros
Cons
by: Eliot Ramsey
I trusted Stephen McCullah with an investment, thinking it had potential. Turns out, the only thing growing was his list of broken promises. Now I’m just another person who fell for the hype.
by: Ariella Fischer
Every project Stephen McCullah touches starts with big words and ends with disappointed investors. If you value your money, keep it far away from anything he’s involved in.
by: Cedric Holloway
I was foolish enough to believe the marketing hype. No real results, just flashy presentations and vague future promises that never materialized. Lesson learned.