The first enthusiastic reviews about Totem Capital appeared on the Web in July-August 2017. The campaign, at the invitation of investors, unfolded at the end of September last year. As a result, the funds of Russian, Belarusian, Kazakh and Ukrainian investors were uploaded to the Totem Capital website. The organizers of the project reported the imminent opening of the crypto-bank and other, no less significant events, which fueled the interest of potential investors.
First impression
It is known that the Totem Capital leadership team consisted of several entrepreneurs who gave the impression of prosperous and cryptocurrency-savvy people. Where did this information come from? The fact is that today investors no longer take the word for the owners of investment projects. Before depositing funds on the site, potential investors delegated their representatives to a meeting with the Totem Capital management.
According to delegates, the Czech Jan Kaplan (organizer and owner of the company), as well as members of his team, made the impression of authoritative and experienced business “sharks”. True, some envoys noted the amazing similarity between Kaplan and the owner of the long- chipped ’hype, but then this similarity did not alert anyone.
As of today, the project has long ceased to pay interest on deposits.
Where does the money come from?
The Totem Capital project invited everyone to try themselves in the role of investors and guaranteed to make a profit of up to 60% per month. The minimum deposit amount was $ 500.
High income for traders was ensured due to colossal profits from intermediary transactions, earnings on currency and cryptocurrency exchange rates, as well as due to investments in highly profitable investment companies.
The head of the Totem Capital investment company is someone Jan Kaplan. In public, he appears as a professional in the field of global investment banking with a ten-year experience. Kaplan is currently collaborating with large companies, banks and countries. According to the advertising text, Jan Kaplan has several profitable investment deals in startups and innovative developments.
Totem Capital: forecasts for the future and immediate goals
Through the content of the affiliate program participants, the creators of Totem Capital informed users that the company's daily income ranges from 7 to 12 percent of the funds invested in highly profitable enterprises. In the near future, company owners plan to perform the following tasks:
- form an online investment bank (for this you need to obtain a license from the US Central Bank);
- attract wealthy partners (this item has already been implemented);
- attract investments totaling at least one hundred million dollars (to date, investment has already exceeded this amount);
- increase the number of investors to thirty thousand people.
In the development plan for 2017, the item was also listed: “Official registration of the company and rental of office space”.
In 2017, the Totem Capital management decided to enter the market of consumer goods and provide individuals with an acceptable investment plan.
As part of these undertakings, the investor suggested investing (the minimum deposit is five hundred dollars) at two percent per day (payments are accrued in dollars) and withdrawing profit three times a month (every ten days).
Terms of cooperation
The payback time of the invested funds is three months. After this period, the investor will be able to either withdraw the entire deposit amount or extend the deposit term.
To get into the team of an experienced businessman Jan Kaplan, the investor had to deposit at least $ 500 converted into bitcoin. After that, the depositor opened a deposit for a period of 90 days. After this period, the money could be withdrawn from the project.
Was Totem Capital a pyramid?
Judging by the reviews, at first the project honestly paid investors two percent a day until November 2017, allowing them to freely withdraw earnings every ten days.
In November, payments on some deposits were suspended. Some investors report that they received deductions, but not in full. They paid in full only to the most "throaty" ones. At the same time, the members of the leadership group did their best to make amends to the emerging conflict, explaining the freezing of contributions by transferring the project to a new, improved virtual platform.
In December 2017, an updated website appeared on the Internet. Judging by their reviews, Totem Capital, a new-style user who is versed in site building, disappointed because he was not like the result of the efforts of successful webmasters. In addition, delays in payments continued.
The promises of the leaders did not reassure anyone: as of December 2017, no payments were made on deposits. Meanwhile, new investors were actively involved in the updated project and, judging by the reviews, Totem Capital paid the newcomers in full. “Old-timers” depositors were informed that there were problems when transferring payment accounts from the old site to the updated one.
Subsequently, representatives of the leadership team admitted that the financial problems are in fact connected with the departure of one of the creators from the project. Having quarreled with other members of the leadership group, he stole keys from electronic wallets. Therefore, although not immediately, the money will still be returned to depositors.
The funds were supposed to be returned in installments - every ten days, ten percent of the deposit amount. True, the finances were supposed to go not to the wallets of discouraged investors, but to their updated accounts on the new site, for further work on the same conditions.
In February 2018, each investor was sent an email in which the whole truth about Totem Capital was reported: the project was “choked” through the fault of the real owners of the project (Jan Kaplan, as it turned out, was not one of them), who took the money of investors .
The search for the guilty did not lead to anything: the members of the leadership group shifted responsibility to each other, and Jan Kaplan himself, as far as can be judged from the feedback from the victims, turned out to be a fictional character.
"... Very serious people are behind this project ..."
The creators of some video content that appeared on the Internet last year share with users the joy, the reason for which is about three thousand work accounts that appeared on the site at the low-start stage. Moreover, no actions were taken by Totem Capital, there was not a single presentation, not a single webinar, that is, the business started by itself.
“At present (that is, in September 2017),” the source said, “Totem Capital is actively conducting press releases on the opportunities that it generously presents to investors.”
What so attracted investors?
If you believe the reviews of Totem Capital, sponsored by partners in the affiliate program, depositors who register on the site will be given the opportunity to place orders for any type of cryptocurrency. The system itself will detect the desired cryptocurrency and make a deal on the most favorable conditions.
"... not a hype or a pyramid, but something very serious ..."
Sharing their first impressions of Totem Capital, the partners acknowledge that the first impression of the company was rather messy: someone, without understanding, called Totem Capital a new hype created by a well-known Internet fraudster, and to someone the project seemed financial the pyramid.
Unfortunately, not a single participant in the advertising campaign took the trouble to demonstrate the operation of the site in real time, referring to a non-disclosure agreement signed by Jan Kaplan.
The reviews about Totem Capital by investors suggest that in the summer of 2017 there were a lot of advertising content spreading diverse information on the Internet.
For example, some affiliate program participants have increased the number of leaders. In particular, they disseminated information on fifty-one specialists who became part of the leadership group. All of them allegedly were representatives of a wide variety of industries - technical, trade, financial, legal ...