Hedger Mining

Another Ponzi Scheme

Hedger Tech operates in the cryptocurrency MLM niche. Other than an email address, the company provides no contact information.

Hedger Tech don’t provide management details on their website, but their whitepaper cites Leo Bathan as Chairman and CEO.

Bathan doesn’t have a digital footprint outside of the Hedger Tech whitepaper, which I’m flagging as highly suspicious.

Either Bathan doesn’t exist or is being represented by someone with a different name (typically a stolen image or an actor is used).

The Hedger Tech website domain (“hedger.tech”) was privately registered on May 18th, 2018.

Hedger Tech also run Hedger Mining, through which affiliate investment is solicited through.

The Hedger Mining website domain (“hedgermining.com”) was privately registered on September 14th, 2018.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Hedger Tech has no retailable products or services, with affiliates only able to market Hedger Tech affiliate membership itself.

Hedger Tech markets their Hedger shitcoin as an “insurance coin”.

The basic idea is you convert bitcoin into Hedger Coin (HDR) and are thus “insured” from bitcoin volatility.

As per the example, you exchange 0.073120 BTC into HDR on June 1st.

BTC declines throughout the month, but Hedger Tech still pays you the June 1st exchange rate when you exchange back into BTC on June 24th.

This works on the assumption Hedger Tech locks away deposited BTC and simply returns it when the time comes.

That’s not the case though. And even if it was, the investor still takes a loss because their BTC isn’t worth what it was on June 1st.

In summary: Hedger Tech’s “insurance” claims are a load of baloney.

On top of that Hedger Tech are committing securities fraud via their Hedger Mining investment scheme.

Hedger Tech affiliates invest funds on the promise of very specific ROI amounts.

The company claims to generate external ROI revenue via an established business model used by industry experts in insurance and hedge funds.

Naturally Hedger Tech fails to provide evidence of any such business models existing.

What you’re left with is new investment being the only verifiable source of revenue entering Hedger Tech.

The use of newly invested funds to pay existing affiliates a ROI makes Hedger Tech a Ponzi scheme.

Not withstanding securities fraud by way of Hedger Mining passive returns.

On their website Hedger Tech provides no indication they have registered their Hedger Mining securities offering with regulators in any jurisdiction they operate in.

Cagayan Economic Zone Authority (CEZA) is touted as a regulatory partner on the Hedger Tech website.

From what I can tell CEZA is just a free trade economic zone being set up within the Philippines.

While CEZA has ties to the Philippine government, it is not a securities regulator. Nor does CEZA have any jurisdiction outside of the designated zone itself.

The only “insurance” Hedger Tech offers is to themselves, by way of internal manipulation of their HDR shitcoin.

Naturally Hedger Coin is pitched to affiliates as having an ever-increasing value.

In reality Hedger Coin, which costs Hedger Tech little to nothing to generate, is used to manipulate what it owes to investors on paper.

And when it all goes to crap (invested funds are exhausted), Hedger Tech’s anonymous owners exit-scam by either

dropping the internal value of Hedger Coin to zero and doing a runner; or
getting HDR listed on some dodgy public exchange and doing a runner.
Either way invested funds are lost. All Hedger Tech’s bagholder affiliates will have to show for their investments are worthless HDR.

Seeing as Hedger Tech can’t be straight about its management or even from where the company is operated from, it appears to have been built from fraud in mind from the ground up.

This ensures maximum losses for the Hedger Tech’s investors. It also leaves them with little to no recourse for recovery on collapse.

The reviews, complaints and scams posted about Hedger Mining is permanent record located at dirtyscam.com/reviews/hedger-mining/ Search for all reviews, complaints, scams and lawsuits about Hedger Mining
Hedger Mining reviews are no way affiliated with yelp & reddit. Their business is located at . Hedger Mining could be contacted by logging on their website hedgermining.com. Hedger Mining business page on Dirty Scam received 4 consumers reviews/complaints, page views and $ of monetary losses. The most of the users reported the severity of the scam is Extremely High.
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4 reviews on Hedger Mining

  1. Misinfo

    I’m part of the Business Dev team of the conpany.

    Firstly, the company info is here as well as the HO address https://hedgermining.com/en/contact

    Secondly, Leo is our Chairman and CEO – this is his first venture in crypto as I explained during the conferences. Like most crypto investors are anonymous, he wanted to be featured to give comfort to clients. He has a network of both real estate and crypto clients that people in the company can vouch for. Other members of our senior management are also found on the White Paper.

    Third, yes we are a company incorporated only in 2018 which we have been saying in the past year. It was a good year to provide insurance since the market was bearish – this is not a new info that investors shyed aways from. As well as Hedger Mining, its a new business expansion after the ICO, the timeline of the company to have issued an ICO then expanded into providing crypto Mining has also been disclosed in all the conference calls. We want to keep moving as a company and we aim to be no. 1 in all insurance for crypto.

    Fourth, we have several products from our coin to the cloud mining contracts we provide clients from our Mining Pool partners.

    The article didnt explain how we obtained income from insurance premiums. It also didnt indicate how we procide insurance to our clients.

    ROIs are paid in BTC, LTC, ETH, ZEC or HDR. Not just in HDR. This shows how the person who wrote the article hasn’t done his due diligence, he doesnt know what we promote as a company and how we sustain our insurance through the Hedger Fund – from ICO proceeds, tradability of the coin and insurance premiums from Mining pools.

    Referral commissions are only until 4 levels and not an infinite no. of levels – another proof this guy is not part of the program.

    The Hedger coin point is for investors not to take a loss, thats why the price is locked-in.

    We have an official statement from our corporate lawyers that we are not a security. We’re not commiting fraud here. We are not committing any fraud by issuing a utility coin – backed by the insurance business model.

    CEZA is not a securities regulator. They allowed us to be licensed in CEZA as an operating business.

    We are already listed on 3 exchanges – which are listed in coinmarketcap. Proving its volume in coinmarketcap upholds the credibility of these exchanges. The author doesnt even bother to write the names of the exchanges.

    Lastly, the licensing of the company provides a recourse for the investors to go after us if we ran away with their investment. In the end, people can go after Leo (a real person) who disclosed his identity and not the person who wrote the article.

  2. Misinfo

    I’m part of the Business Dev team of the conpany.

    Firstly, the company info is here as well as the HO address https://hedgermining.com/en/contact

    Secondly, Leo is our Chairman and CEO – this is his first venture in crypto as I explained during the conferences. Like most crypto investors are anonymous, he wanted to be featured to give comfort to clients. He has a network of both real estate and crypto clients that people in the company can vouch for. Other members of our senior management are also found on the White Paper.

    Third, yes we are a company incorporated only in 2018 which we have been saying in the past year. It was a good year to provide insurance since the market was bearish – this is not a new info that investors shyed aways from. As well as Hedger Mining, its a new business expansion after the ICO, the timeline of the company to have issued an ICO then expanded into providing crypto Mining has also been disclosed in all the conference calls. We want to keep moving as a company and we aim to be no. 1 in all insurance for crypto.

    Fourth, we have several products from our coin to the cloud mining contracts we provide clients from our Mining Pool partners.

    The article didnt explain how we obtained income from insurance premiums. It also didnt indicate how we procide insurance to our clients.

    ROIs are paid in BTC, LTC, ETH, ZEC or HDR. Not just in HDR. This shows how the person who wrote the article hasn’t done his due diligence, he doesnt know what we promote as a company and how we sustain our insurance through the Hedger Fund – from ICO proceeds, tradability of the coin and insurance premiums from Mining pools.

    Referral commissions are only until 4 levels and not an infinite no. of levels – another proof this guy is not part of the program.

    The Hedger coin point is for investors not to take a loss, thats why the price is locked-in.

    We have an official statement from our corporate lawyers that we are not a security. We’re not commiting fraud here. We are not committing any fraud by issuing a utility coin – backed by the insurance business model.

    CEZA is not a securities regulator. They allowed us to be licensed in CEZA as an operating business.

    We are already listed on 3 exchanges – which are listed in coinmarketcap. Proving its volume in coinmarketcap upholds the credibility of these exchanges. The author doesnt even bother to write the names of the exchanges.

    Lastly, the licensing of the company provides a recourse for the investors to go after us if we ran away with their investment. In the end, people can go after Leo (a real person) who disclosed his identity and not the person who wrote the article.

  3. Misinfo

    I’m part of the Business Dev team of the conpany.

    Firstly, the company info is here as well as the HO address https://hedgermining.com/en/contact

    Secondly, Leo is our Chairman and CEO – this is his first venture in crypto as I explained during the conferences. Like most crypto investors are anonymous, he wanted to be featured to give comfort to clients. He has a network of both real estate and crypto clients that people in the company can vouch for. Other members of our senior management are also found on the White Paper.

    Third, yes we are a company incorporated only in 2018 which we have been saying in the past year. It was a good year to provide insurance since the market was bearish – this is not a new info that investors shyed aways from. As well as Hedger Mining, its a new business expansion after the ICO, the timeline of the company to have issued an ICO then expanded into providing crypto Mining has also been disclosed in all the conference calls. We want to keep moving as a company and we aim to be no. 1 in all insurance for crypto.

    Fourth, we have several products from our coin to the cloud mining contracts we provide clients from our Mining Pool partners.

    The article didnt explain how we obtained income from insurance premiums. It also didnt indicate how we procide insurance to our clients.

    ROIs are paid in BTC, LTC, ETH, ZEC or HDR. Not just in HDR. This shows how the person who wrote the article hasn’t done his due diligence, he doesnt know what we promote as a company and how we sustain our insurance through the Hedger Fund – from ICO proceeds, tradability of the coin and insurance premiums from Mining pools.

    Referral commissions are only until 4 levels and not an infinite no. of levels – another proof this guy is not part of the program.

    The Hedger coin point is for investors not to take a loss, thats why the price is locked-in.

    We have an official statement from our corporate lawyers that we are not a security. We’re not commiting fraud here. We are not committing any fraud by issuing a utility coin – backed by the insurance business model.

    CEZA is not a securities regulator. They allowed us to be licensed in CEZA as an operating business.

    We are already listed on 3 exchanges – which are listed in coinmarketcap. Proving its volume in coinmarketcap upholds the credibility of these exchanges. The author doesnt even bother to write the names of the exchanges.

    Lastly, the licensing of the company provides a recourse for the investors to go after us if we ran away with their investment. In the end, people can go after Leo (a real person) who disclosed his identity and not the person who wrote the article.

    1. Basha

      The review is spot on

      I fell for the scam in my early days of investing in cryptos. I have reached out to the company several times with no replies nothing. It is a massive scam, don’t waste your time or money on this BS.

  4. Who are you to judge without inside knowledge???!

    Who are you to judge a company from the outside 😉
    Hedger is totall legit – 150 employees – working very professional – paying on time – great support – great concept..
    I know several people in the headquarters – as a matter of fact I think you should be sued for malicious gossip and defamation!

    1. j

      can you provide updates?

    2. Efa

      I have not getting pay by Hedger Mining

      Hey Daniela! So if Hedger Mining is legit! Why then I am not getting pay as it was promised? I invested more then $2000 into the company and not im not getting any of my money back or ROI as promised? Please explain this… thanks

Reviews:4
Reported Loss :0 $
Severity of Scam :Extremely High
Reported by : Anonymous
Views :

FAQs

Is Hedger Mining a scam?
Yes, Hedger Mining is a scam and a bad service provider as per the report filed on dirtyscam.com, They are not aggressive toward their customer satisfaction and complaint grievance.
Is Hedger Mining a legit?
No, Hedger Mining is not a legit business owner or provider, you should take all precautions/measures before buying or using their services.
How many reviews submitted by Hedger Mining consumers?
There is/are 4 review(s) posted about Hedger Mining and its indicate that the severity of the scam is Extremely High.
Where is Hedger Mining located?
Hedger Mining is located at N/A.
How much monetary losses incurred by Hedger Mining customers?
N/A monetary losses incurred by Hedger Mining customers.