More Proof AriseBank is a SCAM
Hello bitshares community,
By now most of you have heard about the AriseBank ICO and some of the controversies surrounding them.
I refer you to here:
as well as here:
Following up on these, I also did my own research.
Apart from the findings above, all of the legal terms on their website are copied from other sites:
Specifically, most of the stuff is copied from BitPay
see:
https://www.arisebank.com/learn/legal/abank/account-agreement/
& https://www.arisebank.com/learn/legal/apay/merchant-agreement/
and compare with:
https://bitpay.com/about/terms
Specifically, they're such amateurs that here: https://www.arisebank.com/learn/legal/apay/new-york/
They've missed the search & replace and the text still references BitPay.
Here:
https://ariseos.org/branding-guidelines/
They've copied from:
https://www.openstack.org/brand/
On to the more key elements, their card holder agreement here:
https://www.arisebank.com/learn/legal/arisecard/cardholder-agreement/
is copied from:
https://www.shiftpayments.com/agreement
With that in mind, I contacted Metropolitan Bank and got the following response:
When Arise was confronted with this they responded with:
"We did have something in the works with them, yes. That was back in June.
Then we found Marqeta which truly allowed us to do what we wanted
In a decentralized way"
And tried to wiggle out of it claiming these were older terms that would soon be replaced.
May I also point out to you their post: https://www.facebook.com/arisebank/posts/357340811375082
announcing their "partnership" with marqeta.
So what to do but contact marqeta :)
Here is their response:
At this point...If you still think it's not a scam, I can't help you.
Any comment from @stan or @michael would be much appreciated.
Good
Funny how they just confirmed this news. Seems your FUD attack is ineffective :)
https://www.prnewswire.com/news-releases/arisebank-announces-first-ever-acquisition-of-traditional-banks-by-a-crypto-platform-expects-ico-to-exceed-1b-due-to-popular-demand-300584461.html?tc=eml_cleartime
Arisebank making their own press-release doesn't prove anything, especially when the press-release's claims are demonstrably false.
Very good job for this insight information!
I hope it will not affect too much BTS when this goes alive in the whole crypto market !
I thought that AriseBank would be the first minestone for Bitshares platform but no. Crypto Bridge does a much better job at giving a good image to BTS with their working product.
@clockwork can you be please kind to provide original mobile screenshots as zip so we can verify authenticity of it ?
Many thanks.
Interestingly, according to the AriseBank website footer:
A search for Dotoji, LLC leads to https://dotoji.com/ which is a digital social marketing agency. (Right click to see larger picture).
I've also attached BitPay usage screenshot below:
O wau, thanks for sharing!
I hope this will not negatively affect Bitshares.
On a second thought, well, if price dips, I may just get me some more BTS so is all good. ;-)
Every crisis is an opportunity :-)
LOL 'zackly! ;-)
My friend did investment to it in ETH, who has been not refunded yet btw...
I've just sent him this :) :) :) Imagine his face when he wakes up! ahahhahahahha
Great Digital PI work! Will definitely consider of hiring you for mining/crawling data :) And i'm not joking :)
Cheers,
Luci
Sad guy... Are you winning when your friends are "losing"? What a mindset...
PS: Your friend is winning when investing with Arisebank. You'll not be the last man laughing.
They are suppose to announce the name of the bank tomorrow or Monday. Let's see what they say.
It is such a common practice to copy 'legal' stuff there are websites dedicated to doing it for you. Looks like they took the time to find something more applicable to their company to use as a template.
Sure it's not first-rate... but it get's something up there while you have people who are experts tailor one that is more appropriate. They could have done it before they made the site... but know there are many other things on the site alone that could eat hoards of time to get right.
Even after they've drafted a replacement you'll still be able to pick out random lines and find other similar documents. Sites want to cover their asses for the same sort of things. Imagine that.
Don't forget those are living documents that will change over time, at any time, to serve the needs of the company. You brought up the issue so they will probably get on it now if they aren't already.
I've never seen contact form emails include a CC. Why would he respond to you and include these random other people? Do these employees even know about the business dealings higher-ups have been doing? They probably are better suited to helping idiots fix their lost wallet or whatever they usually do.
Calling scam is stupid. Calling out issues and inconsistencies on the other hand is helpful. I've seen you provide helpful information for those around Bitshares.
Why is your attitude here a straight out attack instead of useful criticism?
"It is such a common practice to copy 'legal' stuff there are websites dedicated to doing it for you"
It is also very very illegal...
1st case... The CC was to the compliance department as mentioned on the email
2nd case... I CC'd both press & info on the e-mail I sent (no contact form) to get a faster reply. Marqeta CEO replied a few hrs later with a reply to all...
Mail is confirmed by ash as well as seen in the comments.
Thank you for pointing out my mistakes about how the emails went down. I was wrong.
Okay so it's illegal. More reason to fix the problem. A shitload of site owners should get hit and punished then. Maybe half the internet? Let's just call them all scams.
I want to see more concrete evidence before I'd throw money at them, like many others.
What I think has happened is they made use of Marqeta's service and called it a partnership. I could dance around potential scenarios leading to that happening or my perception of it happening.
I see bad communication and bad communicators. Lots of PR fuckups in general. That indicates a likelihood it will fall apart and thus is not a good investment. I'm not ready to call arise a scam. I see the same stuff with Bitshares and people around it.
I'm chilling here on the fence before I pickup my torch. I need something solid and worth burning first. Straws will not do.
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