Black Arrow LTD


Country United States
City Hong Kong
Address 90 Jaffe Road
Phone 852.8199.0849
Website https://www.blackarrowsoftware.com

Black Arrow LTD Reviews

  • Feb 6, 2015

Note: Those affected should file your reports with ALL applicable agencies.

Hong Kong Police Cyber Crime because their corps are in Hong Kong

https://secure1.info.gov.hk/police/eforms/report_cyber_crime_en.php

Hong Kong Consumer Council

https://www.consumer.org.hk/cc-complaint/index.php?lang=en

UK Action Fraud because their banking is in the UK

http://www.actionfraud.police.uk/

US FBI Internet Crime Complaint Center for US residents to document losses

http://www.fbi.gov/report-threats-and-crime

Black Arrow Bank Information

Beneficiary company name: BLACK ARROW LIMITED

Beneficiary company address: Room 1701, 17/F, Henan Building, No. 90-92, Jaffe Road, Wanchai, Hong Kong

Beneficiary bank account number:

Beneficiary bank name: HSBC Hong Kong

Beneficiary bank address: 1 Queen's Road Central, Hong Kong

Swift address: HSBCHKHHHKH

IBAN: There is no IBAN. This company is located in Hong Kong, not in Europe. Hong Kong uses SWIFT. IBAN and SEPA are for Europe transfers only.

Beneficiary company name: DESTINO LIMITED

Beneficiary company address: Flat 1 Edward Place, 240 Kings Road, Reading, RG1 4NY, United Kingdom

Beneficiary bank name: Metro Bank

Beneficiary bank address: 201 Broad Street Mall, Reading, RG 1 7QA, United Kingdom

Beneficiary country: United Kingdom

Swift code: MYMBGB2LXXX

EUR Account Number:

USD Account number:

GBP Account Number:

Description of the fraud:

Black Arrow set up the website: http://www.blackarrowsoftware.com/store/

They set up the bank accounts listed above in Hong Kong and United Kingdom.

They offered “mining” computers at prices significantly cheaper than KNC Miner and Cointerra to entice people to become customers.

They collected funds from customers globally both by wire transfer and by BTC.

They ordered the parts, assembled the “mining” computers, and instead kept the equipment to “mine” the BTC themselves.

The entire time, they lied to customers through email and their website blog stating that huge technical obstacles were causing the delays. Technically proficient customers started suspecting fraud after identifying that the technical issues that Black Arrow was claiming, had already been solved by other companies years ago.

These customers and others who were already upset with the delays began requesting refunds, and initially Black Arrow agreed.

However, Black Arrow was intentionally lying again to customers to keep the equipment and “mine” the BTC longer. Because they only had to pay for the electricity, Black Arrow was able to generate profit very easily.

The BTC market fell steadily from December 2013, eventually making “mining” unprofitable. It was at this point (December 2014) that Black Arrow claimed all technical issues were solved, and that customers had 2 choices.

Sign another contract and let Black Arrow host the “mining” computers for you, while you paid them additional fees.

Have Black Arrow ship you the “mining” computers.

Some customers who chose to sign a contract stated they received “mined” digital coins for 1 week, and then nothing after that. Essentially, Black Arrow is again illegally keeping the profit for themselves, because customers were paying the hosting fees. Those customers who chose shipment after the intentional >1 year delay have reported the equipment: had been illegally used, showed signs of scratches all over, significant wear and tear on the internal hardware, had rust on the exterior, was significantly less capable than advertised, catches fire easily, and/or completely inoperable. The intent of Black Arrow Limited and Destino Limited was to illegally secure 0% financing to mine BTC for themselves, ship used worthless and/or damaged equipment to customers once they were done, and give the false impression that all funds were spent or lost in fraud, while significant funds are still present in various bank accounts and digital wallets.

Individuals Involved:

Criminal 1: MR DANIEL ANDRONIC, https://www.facebook...iel.andronic.77

LONDON, UNITED KINGDOM

Criminal 2: MRS IULIA CRISTINA IXARI (a.k.a. IULIA IXARI, CRISTINA IXARI)

BERKSHIRE, , UNITED KINGDOM

  • Dec 14, 2014

Scam Company

Paid for an X3 in November of 2013 and was promised delivery in February 2014. It's currently December 2014, my order has not been shipped and my money has not been refunded.

  • Nov 11, 2014

X3

I have ordered 50 X3 with Black Arrow. I have received them few months late by they are very good quality and very easy to use.

All in all I'm happy with my purchase.

  • Oct 13, 2014

This company was going to be the success where Butterfly Labs and their horrible shipping times failed! In December 2013 I “supposedly” got in on a first batch preorder of the “Prosepero X-1” bitcoin miner. Having to buy a minimum number at the time (10) this company made sure to have you on the hook for around $6,000 USD. Their marketing and scam filled promises were convincing. They promised a February delivery. After the delivery date came and went, they continued to string buyers along by providing “excuses” about manufacturing, development, or delivery complications. They then started “sweetening” the pot by promising bogus compensation packages to help maintain their “profitability”.

On their website, they “forbade” group buys. This encouraged individuals to go in to a purchase by themselves. They even went so far as to THREATEN that if they found out you were engaged in a group buy, they would cancel your order and issue a refund -10% for their trouble. At this point, I would GLADLY take a 10% hit to get my money back. Speaking of money back. They WILL NOT issue a refund. So it really doesn’t matter. If you request a refund, your status will change from “in progress” or “shipping” or something like that to “cancelled” or “pending”. Again, it doesn’t matter. Because they state that they will issue refunds AFTER all the X-1 orders have been shipped. They routinely send out B.S. e-mails “updating” you on your orders progress and how it will be shipped by the end of that week. That day never comes. As of today, October 13, 2014, my order was placed almost exactly 10 months ago and it is now 7 MONTHS past their promised delivery time. Their machines at their promised 100 GHs speeds are now so obsolete, slow, and inefficient, that they will actually LOSE more money plugged in and running than if they were used as door stops.

I PRAY they get their just deserts. They screwed me, my family, and families around the world out of Hundreds of Thousands if not Millions of dollars. Most of us were looking to be a part of something that would help us pay bills. This will be nothing but a total loss. There needs to be a CLASS ACTION LAWSUIT placed against this company targeting every asset the company AND its owners have. Do not do business with this company. They are protected by the shady Chinese commerce laws. YOU WILL REGRET IT! Deal with an alternate company in your respective country. Minersource etc. This is just ANOTHER fine example of the Chinese way of ripping off the planet. I’d pay $2,000 of my investment to have a local go in there and jam their foot up the “CEO”s rear. Any takers, gimme a call.

  • Sep 5, 2014

I ordered a Black Arrow X-3 in December 2013 for $6000 USD and it is now September 2014 they are still unable to give me a refund or a final ship date. When asked about a ship time, the customer support rep says that she doesn't have access to the shipping schedule. Many customers have asked if there is going to be any compensation. Blackarrow replys that there is going to be compensation but they are unsure of what it is, and it will be shipped AFTER all the initial orders are filled, NOT WITH. This means that they will then have to manufcature the items which just buys them more time to mine bitcoins with their customers equipment before getting sued.

There is only a handful of X-3s that have made it to customers are they are now catching fire due to poor quality, so they have stopped all production.

They delete negative posts on their own forum in order to retain any chance of getting more pre-orders from new a unsuspecting customers.

They are now advertising a pre-order for a new kind of chip. They are listed as "in stock" on their website and yet they haven't shipped their product from 2013. This whole time they were too busy to assemble and ship our product but they have enough time to create a new miner? This is truly the scam that keeps on scamming.

Please avoid at all costs.

Alexandru Ion Sovu

24 Branksome Court

Prospect Street

Reading

RGI 7XR

Berkshire

United Kingdom

[email protected]

Passport

050620457 Romania

Black Arrow Limited

Company Number 1520309

Registered Office

Room 21/F, CMA Building, No. 64, Connaught Road, Central, Hong Kong

Holding Company

Merlion Holdings Limited

TMF Place, Road Town, Tortola, British Virgin Islands

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