I think I can kiss my meager ETHer investment good bye fortunately mine was merely a test transaction. I suspect others that read this won’t be so lucky.

My wife's spidey sense first tingled when going through the token purchase process on their website and was advised that residents of USA, Singapore, India and Hong Kong are excluded. During a chat session they would not say why or otherwise comment. I chose to ignore the question and indicated that NO I was not a resident of these countries and purchase a small sampling. Now my wife’s spidey sense was really tingling and I decided to dig much deeper.

Turns out the CEO of Monaco, Kris Marszalek, and 2 of his other senior executives held similar positions in a the company Ensogo. This company was forced to shut it doors middle of last year (2016), and suspended by the Australian Securities Exchange (ASX). They are being investigated for fraud and there are many looking to collect.

Ensogo Ripped Us Off

Ensogo’s Wiki

“On June 21, 2016, Ensogo announced that it will shut down all South East Asia operation (including Hong Kong) and its CEO Kris Marszalek has resigned;”

"it also requests ASX to suspend shares trading. The unprecedented shutdown affected operations in several countries; workers in Singapore found the office was closed, Hong Kong sellers call for police investigation of fraud and certain stores in Thailand rejecting deals purchased by consumers, though the Consumer Protection Board is expected to summon Ensogo executives for remedial issues.”

Monaco’s Management

Ensogo’s Management

What’s common between them:

Kris Marszalek - CEO Rafael Melo - CFO Timothy Hitchens - Technology Advisor



Beware. Investigate further before you send them your ETHer.