Luiz Góes runs a Ponzi scheme under the pretence of a crypto company, LyoPay, and LyoTrade. One of the most prominent con artists wanting to defraud your cash.

I am a crypto enthusiast, always looking for suitable crypto investments to boost my portfolio. However, this one got through my scrutiny for one reason – my friend recommended LyoPay by Luiz Goes. I do all the due diligence before investing in any company or its ICO.

When I first saw his pictures online, I couldn’t believe he could do something so unethical and unlawful. He seemed like a compassionate person to face. But that is why people believe in him without doubting his thoughts.

And I was among those people too. Usually, I am very strict about reviewing companies. I would not have invested in his company if my friend had not talked so much about Luiz Goes.

Luiz cites himself as the CEO of LyoPay. LyoPay is a crypto exchange launched in 2020.

After investing over $10,000, I cannot withdraw the money and transfer it to my account. When I connected with customer care, they won’t listen. Instead, they asked me to stay invested. This is seriously against the rights of the people in our country.

I wish Luiz must go to prison because he deserves to stay there. After such a huge shock, I checked every little detail I could find about him online and found many red flags to prove that this guy was not a businessman but a scammer.

LyoPay is nothing but a Ponzi scheme by WeWe global. The company address is a virtual address with no physical address to carry out its operation. Not just that, six more companies operate from the same address.

Luiz represents himself to be a Brazilian citizen. His LinkedIn features the usual string of failed crypto bro projects, dating back to 2019.

LyoPay was essentially dead until very recently:

Luiz company has multiple services to offer to its customers. You can find various fancy names on their websites, such as LyoWallet, LyoFi, LyoSwap, LyoTrade, LyoTravel, and LyoCredit. He claims that his apps serve different purposes and offer other solutions.

This guy has his coin issuer based in the British Virgin Islands. Not only it’s an offshore location with no proper regulations for the crypto industry. Therefore, crypto scammers love this place for launching their fraudulent schemes. Hence, Luiz has chosen this place for issuing coins to users.

Not just that, WeWe global has already become a hub of Ponzi schemes in Dubai and would continue to fool people unless they boycott the company and ask for refunds. Which I am sure it won’t agree to anyway.

Luiz claims that he is a Brazillian, but he stays in Dubai. Again a strong connection with WeWe Global and its Ponzi Scheme.

You can invest in LyoPay and buy their tokens, but they won’t let you convert the same to any other coin. Isn’t that a fraud?

One of the solutions, LyoFi by Luiz, offers 900 days of daily return. This is an MLM scam and a complete replica of what WeWe global used to run. Right after the scheme got uncovered and failed, WeWe Global used a new company under Luiz to continue the scam.

LyoTrade from the LyoPay ecosystem offered by Luiz is an exchange that helps traders to invest in crypto. The business claims to be charging a low fee and promises high returns. YoIt would help if you looked at more things before planning to use LyoPay.

However, what’s scary is that the exchange is licensed in Georgia. Once again an offshore location with negligible regulations.

When investing in crypto, checking the exchange’s and its owners’ complete authenticity is always important. You can easily find many complaints online by Luiz, who scams people out of money and never comes back to resolve the problems. In this case, neither of these doubt free.

In addition, the company has weak or no licenses and operates with a virtual office. What else could be a significant indicator that this guy is a scammer? There are tons of such cases already pending to be resolved in the courts. And one more would only create more chaos among traders.

Luiz is very cunning and has been operating the company making it seem legitimate friend was very confident about it. Still, he was heartbroken when hearing the same issues with the platform. He had invested much more than I had. And many people would have invested their life savings in this company.

Luiz company offers cards to users for their investments. However, neither my friend’s nor mine was shipped. It has been over months, and we are waiting for our cards, trying to convert our tokens into Euro, and wanting to withdraw the money to our accounts. But who cares?

Jose Gordo, believed to be based out of Spain, has been desperately trying to get WeWe Global off the ground in South America.

Gordo is best known in the MLM industry as a top net-winner in the notorious OneCoin Ponzi scheme.

In late 2020 Gordo was indicted in Argentina on criminal fraud charges related to OneCoin. He remains a wanted fugitive.

Everything is in vain as these guys are prepared to ditch the investor and fly to different countries to make the most of their loot.

So,  if you are reading this, never invest in a company whose CEO is Luiz Goes. He is a con artist. He is a scammer, a fraudster, and everything but an honest man. So, stay away from Luiz Goes, or you will lose all your money.

Please do not go on his innocent face. It will only entice you to believe in him.

4 comments On Who is Luiz Góes?

  • Wewe are pushing hard in Australia and NZ. Over half a dozen acquaintances i know have bought the rights to cloud minting of the lyo coin turning over daily profits of around 10 percent.

    I’m not a mathematician, but this cannot sustain itself unless the price of said minted coin triples at the very least over the course of 900 day contract.

    Rabbit hole goes deep.

  • Lyocoin costs nothing to generate out of thin air and is inherently worthless.

    10% in shitcoin returns is sustainable but the majority of investors will lose money when early scammers and the owners withdraw actual money invested.

  • WeWe Global isn’t a Ponzi scheme because I keep pointing it out in this review.

    WeWe Global is a Ponzi scheme because new investment is used to pay existing investor withdrawals.

    I almost got sucked into the Wewe Global scam.

    Lucky I did my research first and came across your site.

    There’s a big push for this in India right now. Many are going to lose out.

  • Thanks guys, i was invited to a meeting and found out this was WeWe global. I have been involved in several ones like Banners broker, telexfree, profitable sunrise bitclub network all turned out to be scams and lost money.

    I was keen on jumping into wewe but am doing my research as I’m also heavily invested into real crypto and have made a lot.

    listening to the earnings its 10 months to get your money back but 10 months in and its probably gonna go belly up and thanks to your info here i am now not bothering.

    If it sounds to good to be true it usually is.

    thx for your research and investigation but this is exactly what all the others had in common recruiting past ppl who were part of frauds and scams.

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