In the world of financial commentary and esoteric discussions, Dave Schmidt was a well-known figure, often considered a guru in the realm of the global RV/GCR community. For over a decade, he has been an influential voice, combining his experience in politics, spirituality, and finance to address metaphysical and financial questions. However, recent revelations have turned the spotlight on Schmidt for a different reason – his alleged involvement in a significant scam revolving around an asset-backed crypto coin known as Meta 1 Coin.
A Prominent Figure in the RV/GCR Community
Dave Schmidt’s journey to notoriety began as a politician, where he spent two decades in politics, including 12 years in the WA State Legislature, ultimately becoming a State Senator. But it was his unique blend of backgrounds – a B.A. in Religion, an M.A. in Theology, active church ministry, and a 19-year career in market trading – that made him an intriguing figure in the world of metaphysical and financial discussions.
Known for his bridge-building abilities across political spectrums and his openness to discussing cutting-edge and metaphysical topics, Schmidt was celebrated for his empathy and understanding. His diverse background positioned him as an advocate for exploring the deeper meanings of life’s challenges, including the mysteries surrounding the global RV/GCR.
The Alleged Scam Involving Meta 1 Crypto Coin
However, recent investigations have brought to light serious allegations against Dave Schmidt and his involvement in the Meta 1 Coin scam. Meta 1 Coin, an asset-backed crypto coin, was marketed to the global RV/GCR community, and others, with promises of financial abundance and stability. The claims made about Meta 1 Coin were nothing short of extraordinary: that it was backed by a billion-dollar art collection, $2 billion in gold assets, and that it could yield an astronomical profit of 224,923 percent in less than a year.
The U.S. Securities and Exchange Commission (SEC) took action against Schmidt and his associates, including Robert Dunlap and Nicole Bowdler, accusing them of orchestrating an ICO scheme with fraudulent intent.
The SEC charged them with providing false information to potential investors, misrepresenting the coin’s profitability and assets.
The Deceptive Crypto Asset-backed Claims
In the alleged scheme, Meta 1 Coin was marketed as an appreciating Asset-Backed “Smart” Private Digital Currency. The fixed number of coins promised that as the asset portfolio expanded, the coin’s value would increase. This, however, was part of the deception.
The SEC investigation revealed that the funds collected from investors were misappropriated for personal expenses, including luxury purchases like a $215,000 Ferrari, cash withdrawals, and extravagant hotel stays.
Moreover, the claims of gold and art-backed assets were found to be unsubstantiated.
The promised billion-dollar art collection and gold reserves were nothing but fabricated marketing tactics, meant to attract unsuspecting investors who sought stability in uncertain financial times.
A Fall from Guru Grace
Dave Schmidt’s fall from grace, from a prominent RV/GCR guru to facing serious fraud allegations, is a stark reminder of the risks inherent in the world of unregulated financial crypto schemes.
The Meta 1 Coin saga highlights the importance of due diligence and skepticism in evaluating Crypto Tokens, asset-backed claims, and related investment opportunities.
As investigations continue and legal proceedings unfold, the global RV/GCR community and the wider financial world are watching closely to see how justice will be served in a case that has shaken the foundation of trust that Schmidt had built over the years.
It serves as a cautionary tale, reminding us that even figures with impressive backgrounds can fall victim to the allure of quick riches, leaving investors in the wake of their shattered dreams.
