Phony Denver crypto school robbed Florida man of $860K, he says

An investor indicates that a fraudulent online trading school in downtown Denver has partnered with a fake cryptocurrency exchange in Cherry Creek to rob him of Brian Firestone of Florida says he was approached in December by a man named John Smith with the Alpha Stock Assets Training Center Smith offered to teach Firestone how to arrangement cryptocurrencies and gifted him to begin according to the Florida man The Alpha Stock Expenditure Training Center which listed an address of Lincoln St on its now-defunct website advised people to business crypto through CoinBridge Partners a company at S Cherry St that proposes to have raised million from investors last year CoinBridge is really an entirely fake exchange Firestone wrote in a June lawsuit Alpha Stock Capital engaged in what s called signal trading in which professors message Firestone and others with a recommended business at a set time say p m Students click to accept the arrangement and their CoinBridge account buys or sells a cryptocurrency accordingly Firestone says the initial he was given soon multiplied to So in January he invested Within weeks his CoinBridge account balance was million he says Professor I must thank you he texted Smith on Feb according to his lawsuit My results were outstanding Thank you for letting me in this deal this day This is so exciting But a bad transaction then sent his account balance free-falling to just Undeterred he decided to invest an additional at Alpha Stock Funding s urging in cash and borrowed from the school he recalls His account balance soon rocketed to million Then on March came the signal for his biggest arrangement yet an outlay in the cryptocurrency USDT which is pegged to the U S dollar But he couldn t click to accept it I can t close it he urgently messaged Smith Then panicking I ncant clpsoe it Firestone was later explained that a system error blocked the bargain and inexplicably also wiped away the million in his CoinBridge account His lawsuit alleges that Alpha Stock Outlay intentionally sabotaged his business to once again empty his CoinBridge account Still he was not done Two days later Firestone borrowed million from the training center and began trading again His account soon revealed a balance of million But then that loan came due He paid of it in U S dollars but couldn t pay the rest and ASITC wouldn t accept crypto as payment So on May the school closed his CoinBridge account Between January and March Firestone made payments totaling to ASITC and CoinBridge according to the lawsuit that he filed in Denver s federal court last week Looking back he now believes all of it the signals the gains the losses was phony Related Articles Law firm in Belcaro sues Google to get one-star review removed Apple unveils application redesign while reeling from AI missteps tech upheaval and Trump s deal war Denver s Vinyl Me Please sold as it sues execs for starting RiNo plant Is a coffee kiosk a restaurant In Aurora a judge must decide Lockheed Martin and workers in Colorado Orlando reach new contract ASITC was a fraudulent entity designed to take as much money from the plaintiff as workable without giving any value in return according to the lawsuit which accuses ASITC CoinBridge Smith and CoinBridge founder Raymond Torres of fraud theft and more Firestone s lawyer Frank Schirripa in New York City did not answer an interview request Attempts to contact ASITC and CoinBridge Partners were not flourishing An email address for ASITC no longer works and a listed phone number for CoinBridge has been disconnected It is not the same company as Coinbridge Partners in Wyoming which operates bitcoin ATMs This is not us nor do we condone what they have allegedly done CEO Manny Rivera commented Get more business news by signing up for our Business activity Now newsletter