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YEM coin fraudster Daniel Settgast starts a scam venture in Poland

YEM coin fraudster Daniel Settgast starts a scam venture in Poland

International

YEM coin fraudster Daniel Settgast starts a scam venture in Poland

Following publication of serialized reports in BLiTZ exposing fraudulent and scamming activities of Dan Settgast aka Danial Settgast, Bank Bene Merenti, YEM Foundation, YEM coin, Jorge Sebastiao, EcoX, EcoShumi Foundation, OnPassive, Liberland, Liberland Merit, MaziMatik, Farcana and many others, international media outlets are already getting noticed of criminal activities of these individuals and scam rackets. According to a report published in the Dziennik Wschodni – the largest daily newspaper in eastern Poland, Daniel Settgast aka Dan Settgast has now appeared in Poland, where he managed to persuade local authorities to undertake a project called GreenZero Park, which is to cost one billion euros, while local authorities in Poland are unaware of the criminal background of Daniel Settgast and other members of his fraudulent ventures namely ‘Bank Bene Merenti’, ‘YEM coin’, ‘YEM Foundation’, ‘EcoX’ and others.

Our reporters also have learnt that Daniel Settgast and members of his fraud racket are running several scam ventures in the United States under the umbrella of another company named ‘American Capital Corporation’ (UAC), on which we shall publish serialized reports within few days.

Serialized fraudulent activities of Daniel Settgast

Recently a scam cartel named Bank Bene Merenti which runs fake YEM coin, made an outrageous claim stating: “The YEM Foundation announced which is sovereign recognizes the YEM as its official currency…”.

In reality, YEM Foundation is a non-profit organization registered in Nevada, USA without any physical office. This non-profit does not have any legal right to declare anything as its official currency.


READ: Gang of scam Dracula lands in Dubai


According to information, Bank Bene Merenti and the YEM coin cartel is running under the umbrella of another entity named ‘YEM Foundation’, a domestic non-profit corporation registered in Las Vegas, Nevada, the USA as a non-profit company. Company Number: E0553072017-8. Native Company Number” E0553072017-8. YEM Foundation does not have its own office in the US. Instead, it uses a virtual office address provided by a company named PHYSICALADDRESS.COM.

Our investigative reporter in the US has already checked every detail of the YEM Foundation and found that the YEM coin and Bank Bene Merenti scam cartel is using this US non-profit as a shield for their criminal activities. It is also learned from a credible source that hundreds of millions of cheat-fund of Bank Bene Merenti, YEM coin, Dan Settgast, Jorge Sebastiao, and other members of the YEM Foundation scam ring is secretly deposited in various offshore accounts with the help of the Nevada-based company that provides virtual office address (304 S JONES BLVD, Las Vegas, NV, 89107) to this cartel.

It is also learnt, Jorge Sebastiao, real name Nuno Jorge Da Cruz Sebastiao, a British national is the President of YEM Foundation and one of the top kingpins of the Bank Bene Merenti and YEM coin scam cartel.

It is easily understood Dan Settgast and Jorge Sebastiao along with other members of the ‘YEM Foundation’ are fooling millions of people around the world through a bogus YEM coin as well as a scam vessel named Bank Bene Mereniti.


READ: Bank Bene Merenti, YEM coin scam cartel uses US soil for fraudulent activities


It may be mentioned further that there is no country or sovereign entity in the world named ‘Bene Merenti’, except for a foundation named ‘Sovereign Order Bene Merenti’, which has no connections or links with the Bank Bene Merenti scam cartel or its bogus YEM coin. ‘Sovereign Order Bene Merenti’ is an association or foundation registered on December 29, 2005, in Riga, Latvia. Its registration number is 40008097119. Its postal address is Lielirbes iela 6 – 92, Rīga, LV-1046, and its Certificate of the Registration number is B011805, dated July 30, 2009.

According to Latvian authorities, the ‘Sovereign Order Bene Merenti‘ organization does not exist since 2019.

Bank Bene Merenti is a crypto Ponzi scheme

While many experts say, Bank Bene Merenti is a crypto Ponzi scheme, in fact, it is far more dangerous than even thought. It is clearly a fraud cartel, run by a group of thugs, including Dan Settgast. If anyone will search the internet, they will find many fraudulent websites promoting YEM coin or other scamming ventures of Bank Bene Merenti and Dan Settgast rackets. On one such website, we have found the following information:

Your Everyday Money (YEM) is described as one of the few digital currencies for the only purpose of payments and financial transactions. Since 2018, YEM runs on its own blockchain, the YEMCHAIN. For every transaction, there is not only the value in YEM but the reference value in USD as well as the transaction value in both fiat currencies of sender and receiver stored on the blockchain. Additionally, a reference for payment is stored as well. This makes YEM the ‘authority-friendly’ digital currency because every transaction can be properly reported and taxed (if necessary).

YEM is controlled and represented by the YEM Foundation, a non-profit INGO (International Non-Governmental Organization) by the statues of the United Nations. YEM Foundation is proud to be listed at the Union of International Organizations (XM7617). The UIA is a leading provider of information about international non-profit organizations.


READ: A fraud gang named ‘Liberland’ exposed!


People who are lured by the YEM coin, first of all, try to know about it by surfing the net. Most people, by Googling the word ‘YEM’ would first find a United Nations website that mentions YEM to be a project of it. But, in fact, this ‘YEM’ of the UN has nothing to do with the fraudulent YEM coin. This UN project is called Youth Employment in the Mediterranean (YEM).

YEM is a 36-month regional project funded by the European Union (EUR 2M) and implemented by UNESCO over the period of 2018-2020.

It is neither a project nor an affiliate of the YEM coin Ponzi scheme.

Secondly, the YEM coin scam cartel has many other similar scam projects, such as Rainbow currency. On various fraudulent websites, Rainbow currency is projected as “universal expedient household digital money”.

It would further say, “More than 3,000 co-founders, spread across 157 countries, have formed the Rainbow Foundation. Together, these co-founders have invested in more than 30 billion Twinkles, the terminology that refers to the Rainbow coins”.

On a bitcoin discussion site, someone asked on April 22, 2020: “I have Rainbowcurrency/YEM. Can I convert in Bitcoin?”. The answer was, “As far as I know … NO!

That PERNUM wallet is shit (just a list and nothing more) and could not find YEM listed on any sort of exchange. If you find a way let me know as I have a friend who owns a few of those”.

But, Dan Settgast of Bank Bene Merenti gave a false description of YEM and Rainbowcurrency on a website named Cyber Bump to prove it legitimate, which was later removed.


Also Read: YEM coin kingpin Dan Settgast’s fraudulent venture in Poland


On this Blockspot website, people will not find any information either on Rainbowcurrency or YEM coin.

YEM coin claims to be an affiliate of the YEM Foundation. On its website, YEM Foundation claims to be “Registered as a Nonprofit Corporation # E0553072017-8 under the Laws of Nevada, USA. International Non-Governmental Organization (INGO) # XM7617 at the Union of International Associations Legal Regulatory Authority for YEM Currency”.

This website of YEM Foundation has no office address, no contact details, or a list of people involved in it.

Exposing Daniel Settgast, a scammer

Indian news portal Eastern Herald in its report said, the name of Bank Bene Merenti’s flashed during a crypto launch event in Dubai. EcoX event agency launched this event in Grand Millennium Hotel in Downtown Dubai. Another name came into the light the ‘YEM coin’. They also coined this term with an abbreviation – Your Everyday Money.

EcoX senior management, including Jorge Sebastiao, was also available during the event to endorse this fraudulent YEM coin’s promoters.

Here is a big question. What are the relations between EcoX, Jorge Sebastiao, and the Bank Bene Merenti scam cartel? Here is the shocking answer!


READ: Liberland, National Bank, and wagon of scammers and frauds


According to information, Bank Bene Merenti and the YEM coin cartel are running under the umbrella of another entity named ‘YEM Foundation’, a domestic non-profit corporation registered in Las Vegas, Nevada, the USA as a non-profit company. Company Number: E0553072017-8. Native Company Number” E0553072017-8. YEM Foundation does not have its own office in the US. Instead, it uses a virtual office address provided by a company named PHYSICALADDRESS.COM.

Our investigative reporter in the US has already checked every detail of the YEM Foundation and found that the YEM coin and Bank Bene Merenti scam cartel is using this US non-profit as a shield for their criminal activities. It is also learned from a credible source that hundreds of millions of cheat-fund of Bank Bene Merenti, YEM coin, Dan Settgast, Jorge Sebastiao, and other members of the YEM Foundation scam ring is secretly deposited in various offshore accounts with the help of the Nevada-based company that provides virtual office address (304 S JONES BLVD, Las Vegas, NV, 89107) to this cartel.

It is also learned, Jorge Sebastiao, real name Nuno Jorge Da Cruz Sebastiao, is the President of YEM Foundation and one of the top kingpins of the Bank Bene Merenti and YEM coin scam cartel.

Daniel Settgast, kingpin of a fraud gang

According to our findings, the company that people behind YEM coin and Bank Bene Merenti claims to be registered in the US is actually is a non-profit entity named ‘YEM Foundation’.

A website named ‘Open Corporates’ gives the following information about ‘YEM Foundation’:

Company Number: E0553072017-8,

Native Company Number” E0553072017-8,

Status: Active,

Incorporation Date: 27 November 2017

Company Type: Domestic Nonprofit Corporation

  • Jurisdiction: Nevada (US)
  • Agent Name: PHYSICALADDRESS.COM
  • Agent Address: 304 S JONES BLVD, Las Vegas, NV, 89107

Directors/Officers:

  • Alon Basis, Director
  • Amante C Elnar, Secretary
  • Andrew Reid, Treasurer
  • Dan Settgast, Director
  • Dr. Emmanuel Nwachukwu, Treasurer
  • Dr. Henry Mbidde, Director
  • Emmanuel Nwachukwu, Treasurer (The same name appeared multiple times, somewhere as Dr. Emmanuel Nwachukwu and then as Emmanuel Nwachukwu)
  • Empress Namagembe, Director
  • Jorge Sebastiao, President (real name Nuno Jorge Da Cruz Sebastiao, a British national)
  • Magdalene Lora Bilger, President
  • Martha I Castano Rodas, Director
  • Maxwell R Damboise, Director
  • Michael Anthony Debias, Secretary.

According to our findings, YEM Foundation has no office in the United States. It is using the address of a virtual officer address provider. YEM Foundation even does not have any telephone number of its own in the United States. Anyone checking the ‘Agent’s Name’ of YEM Foundation will realize, this massive scam cartel is using the address of a company that offers ‘Physical Address’ to thousands of customers for registering a company in the United States.

The most important point here is, YEM Foundation is a non-profit, which cannot run the business of YEM coin or Rainbowcurrency or any other type of commercial activities by making a false claim of being “registered in the United States”.

Dan Settgast is one of the kingpins of the scam cartel named Bank Bene Merenti, which has been robbing-off hundreds of millions of dollars through fake YEM crypto by fooling people through false claims, and well-orchestrated propaganda. By pretending as an affiliate of the Bank of Japan, this scam cartel is mainly cheating people from Uganda, Nigeria, Ghana, Burkina Faso as well as South Asian countries such as Bangladesh, India, Pakistan, and Sri Lanka. According to credible sources, this racket has also expanded its network in the Philippines, Indonesia, Malaysia, Lebanon, Jordan, Oman, Bahrain, Syria, and UAE.

Polish authorities should ban Daniel Settgast, Jorge Sebastiao, and his gang

Daniel Settgast and members of his fraud racket have this time eyed on Poland where it is talking about a project called GreenZero Park, which is certainly another scam venture of Daniel Settgast, Jorge Sebastiao and other members of the Bank Bene Merenti scam cartel.

What is GreenZero Park?

GreenZero Foundation

GreenZone Foundation was registered on July 22, 2022 in Nevada [remember, Dan Settgast’s another fraud venture YEM Foundation also is registered in Nevada without any physical office]. The letter of intent with the marshal, which mentions investments of PLN 5 billion in GreenZero Park in Kraśnik, was signed on August 24, 2022.

Reporters of BLiTZ have checked the Green Zero Foundation, the people involved and the partners appearing on the website. What surprised us the most was the fact that the foundation was formally established on July 22, 2022 (confirmed by Nevada’s Business Portal), i.e. a month before the letter of intent was signed. The organization’s domain was bought on May 15 this year, just two months before signing of the LOI.

The foundation’s domain was created in May. On the foundation’s website, in addition to the general ones, we can find a list of 30 partners – companies and other organizations that support the Green Zero Foundation. This includes YEM Foundation, Digital Farming, Sustec Institute, SafeZone, Green Steel Technology, Unicorn Foundation, Polish Wind Power, UAC International, BUE, Tiny Resort, and the European Board of Trade.

According to a Polish newspaper Onet Lubun: GreenZero’s board of directors includes Bruno Koschoreck (president), Maxwell R. Damboise, and Sascha Reckert.

Green Zero Foundation is registered through physicaladdress.com. It is an entity that offers a virtual mailbox for a fee. This means that GreenZone Foundation also uses the same mailbox as Daniel Settgast’s YEM Foundation does. Both entities are using the same mailbox.

An analysis of the Green Zero Foundation website also raises many questions. First of all, there is no information about the people who contribute to it. We will find many stock images (from photo databases that can be bought for a few or a dozen dollars) and general slogans about climate protection and the need to care for the environment.

Interestingly, the Green Zero Foundation boasts on the website that it is already carrying out several ambitious projects within a few weeks of operation. The foundation wants to build an industrial park in Poland, a wind farm in Latvia, an ecological holiday resort in France, an air park in Montenegro, a complex producing hydrogen from renewable energy sources in Germany, and an ecological plantation in Uganda.

All these investments have one thing in common. There are no details, dates, or specific places where they are to be implemented on the website.

What connects them? In some cases, a specific person – the mysterious Maxwell R. Damboise sits on the boards of the Green Zero Foundation and the YEM Foundation. In turn, Sascha Reckert (member of the GZF board) is the president of the SusTec Institute and the director of Digital Farming. In turn, BUE – Bund Unabhängiger Energieingenieure – is managed by Bruno Koschoreck (president of GZF). Of course, we will not find information about personal connections on their websites.

What Polish authorities and newspapers are yet to know is – GreenZone Foundation is run by the same gang of frauds who are running Bank Bene Merenti, YEM Foundation, YEM coin, EcoX, EcoShumi Foundation, and many more fraudulent ventures. Masterminds behind all of these projects are Daniel Settgast aka Dan Settgast, Jorge Sebastiao, and a few more scammers from the same racket.

Reporters of BLiTZ have already started investigating the case of Daniel Settgast’s scamming venture in Poland.

Contents published under this byline are those created by the news team of BLiTZ

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