Gediminas: the financial “Maverick” nobody asked for (locked.money)

Every forum needs its court jester, and OffshoreCorpTalk struck gold with @Gediminas Butkus. He’s back again, peddling his latest miracle cure for your financial needs: Locked.Money, a “Web3 company in days” scheme that promises the future while barely understanding the present. Spoiler: it’s rubbish, just like his earlier endorsement of the Bankera scam. Different paint job, same hollow interior.

This is the same guy who still runs around selling “offshore bank account opening services” through his masterpiece of a website, offshorebankaccounts.com. You’ll also find him dabbling in company formation and even citizenship packages. Because if you’re gullible enough to buy one magic trick, why not buy the whole deck of cards?

The self-styled “CEO at Offshore Bank Accounts” calls himself a financial Maverick with an unstoppable passion for banking and decentralized finance (DeFi). Translation: a salesman who learned to copy-paste buzzwords from LinkedIn. Supposedly, he has “an impressive network in the banking world.” More likely, he has a collection of cold LinkedIn connections who muted him years ago.

It’s telling that he remains one of the few “long-standing sponsors” of OCT and a "Premium Advertising Partner". The forum owner clings to these clowns because without them, the sponsor banner area would be emptier than his promises. Gediminas plays the role perfectly: not credible enough to be trusted, not competent enough to be taken seriously, but just slick enough to keep fooling the next newcomer who hasn’t googled his track record.

In the real world, people like this don’t build bridges between traditional finance and DeFi. They burn credibility on both sides until the only thing left is smoke. Gediminas is just another forum mascot with a history of attaching himself to half-baked scams and hoping no one notices the pattern.

Ps. This isn’t doxing. The guy proudly parades his real name (and likely his real face) while shamelessly flogging these services.

Rick said:

Isnt locked money just a St Vincent series LLC? Maybe I am seeing something wrong but that sounds like the most pointless and unbankable entity you could setup? What even is the point? You get a pretty useless LLC in which name you would open crypto accounts you can just open as is anyway?

Correct. But I guess you can solve the problem by sending money to Gediminas’ account 🤣
After my experience with him when he was promoting Bankera I don’t want to test him again.

Rick said:

If anyone wants to have a laugh:
locked-money.gitbook.io/locked-money-guide/f…al-framework

It gets funnier here:
locked-money.gitbook.io/locked-money-guide/f…x-efficiency

Some quotes:

How great! I always thought tax efficiency meant paying less tax than you would at t0 ceteris paribus, but apparently I have learned it all wrong and it means just whatever the f**k you have ownership in and making it easier to pay for (which I dont see how you would get around reporting these as you are the 100% LLC owner making it a pass through entity, I can be wrong here but thats what I know about series LLCs). Let's see how the tax authorities will like it if I just write down 100% ownership on my tax returns and tell them that the St Vincent govt says it is OK not to report.

Also note how the legal framework doesnt discuss the legal framework or how it helps (no case law that I can find) and just notes that it is optimized. Awesome.

Same for the tax efficiency page which tells you that it may be efficient depending on the jurisdiction you are in. Again, awesome.

“That’s next level” 🤣