DANNY : DE HEKIt all started like so many scams do: with a message from someone claiming to offer me an opportunity to earn passive income.

Nothing unusual there. As The Crypto Ponzi Scheme Avenger, I get approached constantly. But this one had a new angle—shared bicycles. It sounded just plausible enough to pique my curiosity.

What unfolded next was a textbook example of how shady operations recruit victims, mask deception behind semi-legitimate documents, and slowly escalate you into bigger investment traps. Thankfully, I document everything—and in this case, I used ChatGPT as my investigative sidekick to draw the scammers out and test how far they’d go.

The First Contact: A Passive Income App That Pays You Daily

The original message I received was from someone promoting an app that claimed you could earn 2.4 USDT daily by “activating” a digital bicycle. No actual work involved. Just a login, a few taps, and you were supposedly collecting passive income.

The logic? You “own” a shared bicycle placed somewhere in China, and every time someone rides it, you get paid. Sounds great, until you start asking questions about where the bikes are, how many are in operation, and whether there’s any verifiable data.

When I started asking those questions, I got handed off to someone named James Anderson.

He introduced himself as a marketing manager at Yuechi Sharing Technology Ltd (YS). He told me his assistant had contacted me before and asked if I was interested in the “cooperation project” and wanted to earn a stable extra income.

James was pushy but polished. Within minutes of introducing himself, he was instructing me to register a YS account through a shady-looking domain: https://688368.top/#/pages/login/registerView?code=d68ppv, promising I’d receive a $5 USDT reward just for signing up. Once I registered, he immediately moved to the next stage — screen sharing, button pressing, and a series of steps to simulate “activating” my digital device. All while claiming I could earn $10 and withdraw it that same day.

He even offered me more cash if I added his work Telegram account: https://t.me/James68715. His sales pitch was dressed up as support, but it was clearly designed to guide me step-by-step into believing I was already making passive income from a virtual asset.

But here’s the kicker: when I revisited the app link later, Google Chrome now blocks it with a red screen warning:

Dangerous site
Attackers on the site that you tried visiting might trick you into installing software or revealing things like your passwords, phone or credit card numbers. Chrome strongly recommends going back to safety.

This domain is now flagged for phishing—confirming what we suspected all along: this wasn’t just a fake app, it was a malicious scam platform designed to extract personal and financial data.

James Anderson Enters the Chat

James quickly became my point of contact. He was polite, upbeat, and very persistent. Each day, he sent me motivational good-morning messages, reminded me to “start my device,” and repeated how easy it was to make money while I slept. When I delayed taking action, he assured me the withdrawal process was fast and the profits guaranteed.

Eventually, I asked to test a withdrawal. The system asked for a password. James told me to link a wallet. The cycle continued. It was clear that this wasn’t about utility—it was about warming me up for a bigger pitch.

The Bait Expands: Local Partnership, Exclusive Access, Bigger Money

James shifted gears. Now he wasn’t just offering me app income—he was talking about YS’s expansion into New Zealand. I could be a “regional partner.” I could even help recruit others.

That’s when the script became familiar:

  • “The bikes are only in China for now, but your profits are still guaranteed.”
  • “We can’t show photos or operational data due to confidentiality.”
  • “You’re lucky—we only allow people in certain countries to become shareholders.”

The “opportunity” was clearly just a more elaborate version of the app—this time layered with exclusivity, corporate lingo, and expansion promises. Then came the pitch deck.

The Pitch Deck: A Startup Facade Built for Scamming

PDFJames provided me with a polished 33-slide presentation titled “YS-Company Profile-Australia.pdf.” It was filled with buzzwords like “AI-powered sharing platform,” “strategic global vision,” and “community-based revenue generation.” But here’s what stood out:

  • Not a single photo of a real bicycle, warehouse, employee, or active deployment.
  • Diagrams of growth projections with no source data or cited metrics.
  • Flowcharts describing the payout structure, which clearly resemble tiered commissions and passive income models more common to Ponzi setups than mobility tech.
  • Claimed plans to expand across Australia and New Zealand, yet zero listed partners, compliance records, or investment disclosures.
  • Emphasis on recruiting “regional partners” who could earn passive income and override commissions.

The language was almost identical to other scams I’ve exposed: promise early exclusivity, use urgent onboarding, and sell the dream of owning a piece of infrastructure.

Dropping the Mask: I Told Him Who I Am

I let James know I wasn’t a random prospect. I told him I run www.dehek.com. I told him I’m The Crypto Ponzi Scheme Avenger and that I expose scams for a living. I asked if he’d looked me up.

Surprisingly, he stayed in the conversation.

He told me he respected my work. He said he understood my caution. Then, in an effort to prove legitimacy, he sent me a series of documents…

The Documents: A Legal Facade with Zero Proof of Operations

I was provided:

  • A Certificate of Incorporation (dated 14 May 2025)
  • A UK registration number (16449609)
  • A shareholder registry, all owned by one man: David William Lubkemann, an American
  • A stock certificate for 12 million GBP—100% ownership by Lubkemann
  • A Certificate of Incumbency from a UK registered agent

Here’s what they really show:

  • The company was incorporated less than two weeks before I received the documents.
  • There is no evidence of actual bike operations—no contracts, no service usage stats, no photos.
  • SIC codes registered include motorcycle repair and vehicle parks, not bicycle sharing.
  • 100% of the company is owned and controlled by one man with no team or operational infrastructure.

These are all tell-tale signs of a shell company being used to give the illusion of credibility.

The Identity of James Anderson: Real Rep or Recycled Face?

After weeks of back-and-forth messaging, I decided to investigate James Anderson more closely.

  • I found four photos of James — all posted across Telegram and WhatsApp. Every image is taken in the same side-angled pose, usually in a suit, looking off into the distance.
  • The most recent WhatsApp profile includes a U.S. phone number with a South Dakota area code: +1 (605) 838‑2551. A Chinese-based startup using a U.S. marketing manager operating through Telegram with no LinkedIn? It doesn’t add up.
  • His supposed job title is “Marketing Manager”, but there is no online trail to confirm that he exists. No LinkedIn, no professional directory, no conference appearances, no digital presence at all.

So who is James Anderson really? And why is he the one running point on this entire recruitment process?

These are questions worth asking—especially if you’re being approached by someone with the same story.

When transparency is avoided, and identities are vague, it’s almost always because there’s something to hide.

The Classic Ponzi Pattern

This scheme checks every box I’ve seen before:

  • Passive income for doing nothing
  • Daily fixed returns regardless of real-world performance
  • “Exclusive” regional recruitment rights
  • Use of recently registered UK shell company to feign legitimacy
  • Shuffling victims from small-entry apps to bigger buy-ins

They may have wrapped it in electric bikes and fintech buzzwords, but it’s the same old story.

Why This Matters

Scams like this thrive because they adapt. They use new tech language, clean branding, and just enough truth to sound believable. But when you peel back the layers, the fundamentals are always the same:

They promise guaranteed profits from unverifiable activity, rely on new recruits to keep money flowing, and collapse the moment withdrawals exceed deposits.

YS isn’t a tech company. It’s a highly structured financial deception built to exploit trust through documentation, delegation, and digital illusions.

If you’ve been approached by YS, Yuechi Sharing Technology Ltd, or anyone offering guaranteed returns for bike-based passive income — walk away.

Better yet, send them this blog.

Final Note: To James (if that’s your real name)

If you’re just a low-level recruit, I hope you read this and realise what you’re part of. If you’re higher up, know that I’ve archived everything. And I’ll be watching.

Stay vigilant. Stay loud.

About the Author Danny de Hek, also known as The Crypto Ponzi Scheme Avenger, is a New Zealand-based investigative journalist specializing in exposing crypto fraud, Ponzi schemes, and MLM scams. His work has been featured by Bloomberg, The New York Times, The Guardian Australia, ABC News Australia, and other international outlets.

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