Virtual Currency
Wind Wide Coin Inc.About
Important information
- Government Actions:Government Action: BBB reports on known government actions involving business’ marketplace conduct:Houston Firm Ordered to Stop Fraudulent Crypto Offering
Houston Firm Ordered to Stop Fraudulent Crypto Offering
Texas Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order on May 15 to stop Wind Wide Coin Inc., an entity that says it is based in Houston, from fraudulently offering investments in a cryptocurrency trading program.
The order alleges that Wind Wide Coin and three sales agents in
Houston are offering for sale investments in a cryptocurrency trading
program that uses an “automatic trading bot.”The company is promising investors the combination of “no risk”
and extraordinarily high returns. The purchase of 0.10 of bitcoin, for
example, will return 1 bitcoin 24 hours later, a one-day return of 900%.Wind Wide Coin’s marketing extends to a rotating sequence of
celebrity and political endorsements. The company’s website has featured
a photograph of Jennifer Anniston, but identified her as “Kate
Jennifer,” an investor.Similarly, a photograph of Prince Charles was identified as
“Mark Robert,” another investor who provided a testimonial. The
testimonial was then attributed verbatim to a “Johnson Smith,”
supposedly a U.K. investor.Wind Wide Coin represents that its Houston office is in an
office building at 5015 Mitchelldale, 77082. There is no building of any
kind at that location.According to the order, Wind Wide Coin is misleading potential
investors by claiming it is a “licensed company” and “legally
registered.” Neither the company nor the sales agents named in the order
are registered to sell securities in Texas.Wind Wide Coin is touting the success of its trading bot, but
it also is providing information that returns paid to investors are tied
to the principal deposit, not the success in trading cryptocurrencies.The company offers different levels of investment, starting
with “Baby” and moving up to “Standard,” “Premium,” “X-Boost” and
“Ultimate.”The “X-Boost” plan, according to information on the company’s
website, requires a minimum investment of 1 bitcoin and returns 4
bitcoin to the investor in four days. The price of 1 bitcoin was
$8,688.47 at the close of trading May 14.Wind Wide Coin is providing no material information about how
its trading bot operates or the background of its principals and trading
professionals.Nor is Wind Wide Coin disclosing to investors the numerous
regulatory and market risks in bitcoin and other cryptocurrencies
investing.
Business Details
- Local BBB:
- BBB of Greater Houston and South Texas
- BBB File Opened:
- 5/15/2018
- Business Incorporated:
- 5/15/2018
- Type of Entity:
- Corporation
- Alternate Names:
- WWC Inc.
Additional Contact Information
- Additional Email Addresses
- Primary: Email this Business
Additional Information
- Business Categories
- Virtual Currency
More Resources
Featured Content
BBB Business Profiles may not be reproduced for sales or promotional purposes.
BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.
When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.
BBB Business Profiles generally cover a three-year reporting period, except for customer reviews. Customer reviews posted prior to July 5, 2024, will no longer be published when they reach three years from their submission date. Customer reviews posted on/after July 5, 2024, will be published indefinitely unless otherwise voluntarily retracted by the user who submitted the content, or BBB no longer believes the review is authentic. BBB Business Profiles are subject to change at any time. If you choose to do business with this company, please let them know that you checked their record with BBB.
As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation. BBB charges a fee for BBB Accreditation. This fee supports BBB's efforts to fulfill its mission of advancing marketplace trust.