Initially, I heard good things about Yorkbit and felt positive after speaking with Tim Walsh.
Initially, I heard good things about Yorkbit and felt positive after speaking with Tim Walsh. However, my experience soured when I was transferred to Frederic Pierce, who I believe acted unethically. Despite making significant deposits and seeing my account grow to over $100,000, Pierce repeatedly pressured me to take out a loan against my home to invest more, despite my clear reluctance. When I ceased sending additional funds, my account saw a significant decline. Attempts to reach out were met with silence, and despite requesting a new account manager, I was convinced to stay with Pierce, which turned out to be a mistake. Many others have had similar issues with Pierce, and changing account managers reportedly improved their experiences.
I wanted to adjust some trades but received no response, leading to my account being closed due to insufficient funds, despite a balance of nearly $17,000. I suspect foul play in this matter. Despite my requests, Yorkbit has refused to return my money, citing unspecified requirements, which seems unreasonable given the substantial balance in my account previously. I strongly advise avoiding Yorkbit altogether.
Furthermore, I've noticed discrepancies between Yorkbit's reported Bitcoin values and those found elsewhere online, suggesting potential exploitation of clients' investments. This, coupled with my own experiences, reinforces my belief that Yorkbit is not to be trusted. I urge others who have faced similar issues to report their experiences to the FTC and SEC and advocate for Interpol's involvement to halt such fraudulent activities. It's clear that something is amiss at Yorkbit, and I caution anyone considering involvement with them to think twice and heed my warning.
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