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BlockX & BLKX – Crook Review

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My BlockX continues the securities scam that My Blockchain Life began.

BehindMLM most recently examined My Blockchain Life, noting the introduction of a BlockX Trading AI bot business possibility.

US BLKX bagholders appeared in the article’s comments after publication, but as a business possibility, My BlockX was dead.

This changed a few months ago, when a member of My BlockX gained access to Colombia.

Glenn Williams was the initial leader of My Blockchain Life.

Williams spent the most of 2020 and 2021 making anti-vaccine Facebook posts. He passed away from COVID-19 in October 2021.

Someone is still operating My BlockX, and Jeremy Sowerby’s name continues to surface.

I have been unable to directly confirm that Sowerby owns My BlockX.

If Sowerby (on the right) is in charge of My BlockX, he maintains a low profile. Given his lengthy history of MLM crypto scam, this is understandable.

Sowerby is most known for being the owner and chief executive officer of Dunamis Mining.

In early 2019, Dunamis Mining was an MLM crypto “mining”-themed Ponzi scheme.

A few months after its establishment, Sowerby put Joe Abel, a BitClub Network fraudster, in charge and rebranded as Dunamis Global Tech.

The collapse of Dunamis Global Tech occurred by the end of 2019. Sowerby sold the investment base of affiliates to Travis Bott’s Onyx Lifestyle pyramid scheme.

My Blockchain Life was released a few months later, around the middle of 2020. I assume Sowerby’s modest profile is a result of his proximity to Joe Abel.

My BlockX’s product consists of two levels of securities fraud: a staking investment scheme and an automated trading bot.

Affiliates of My BlockX who participate in the staking investment plan spend at least $2500 worth of bitcoin in BLKX tokens.

BLKX is an useless ERC-20 token generated by My BlockX. ERC-20 tokens may be manufactured in a matter of minutes with minimal effort and expense.

Once invested, BLKX tokens are parked with My BlockX in exchange for an annual return of up to 42%:

My BlockX provides a BLKX-to-another-cryptocurrency exchange with returns paid in BLKX.

My BlockX only recycles already deposited cryptocurrency to cover these withdrawal requests. Hence the existence of the Ponzi scam.

My BlockX calls itself its trading bot program as the “Limitless Trading Engine.”

My BlockX affiliates must deposit at least $2500 in the staking investment plan prior to gaining access to the Limitless Trading Engine.

Through Limitless Trading Engine, My BlockX offers an extra 580% yearly ROI.

Limitless Trading Engine is the standard trading bot swindle employed by every MLM crypto Ponzi scheme.

Our AI utilizes patented automated technologies to find Buy and Sell opportunities in the market that are impossible for humans to implement.

The Limitless engine makes the appropriate actions at the right times, with the right quantities, and using the right assets, fully automatically, so that you never have to worry about it.

Instead of registering with financial regulators and submitting audited financial reports as required by law, My BlockX provides the following nonsense:

In addition to the $2500 staked in BLKX, My BlockX charges up to $9,997 yearly for access to the Limitless Trading Engine.

Beginner Plan – $2497 per year with a $10,000 trading account maximum
Growth Plan — $4,997 per year, a trading account maximum of $50,000, and “increasing profit”
Unlimited Plan – $9,997 per year, unlimited trading accounts, and “maximize earnings”
You’re familiar with the refrain: “They can’t take our money!”
” –> bot explodes or “technical difficulties” –> I’m sorry for your loss.

My BlockX does not disclose any information on its MLM opportunity. I assume that they are still use the original My Blockchain Life compensation model, modified to include BLKX investment and trading bot fees.

My BlockX are, at the the least, conducting securities fraud. MLM and stock fraud lend itself to a Ponzi scheme.

My BlockX’s lack of a traceable source of external revenue utilized to fund withdrawals is further proof.

My BlockX was mostly dormant until a few months ago, despite having defrauded primarily U.S. investors.

According to SimilarWeb, Colombia currently accounts for 95% of My BlockX’s website’s traffic, and its share is growing.

This is My BlockX’s US BLKX bagholders selling to new gullible Colombian investors in terms of money flow.

My BlockX serves as the internal exchange for two fraudulent investment schemes, via which these BLK token transactions occur.

In 2022, Colombia will be the epicenter of MLM-related securities fraud. It appears that local authorities have abandoned efforts to police Ponzi schemes, the majority of which are run from foreign nations.

Both Glen Williams and Jeremie Sowerby were Canadian residents in the instance of My BlockX.

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crypto scam

Jojar Dhinsa & CashFX Group – Crook Review

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Jojar Dhinsa has officially denied using the CashFX Group Ponzi scheme to defraud individuals.

Dhinsa appeared on NTV Unscripted on August 19th, according to Harry Page of the Facebook group “CashFX (in connection with EverFX) Scam – Now What!?”

NTV bills itself as “Bangladesh’s top TV channel.” It is televised locally throughout the United Kingdom and Europe.

Rather of admitting to promoting a Ponzi scheme for profit, Dhinsa claims he never cheated anyone.

They’ve basically made stuff up about getting jailed for fraud or defrauding others, according to web reports.

I wish I had scammed folks so there would be some evidence.

Unfortunately for Dhinsa, finding the proof he says does not exist is not difficult.

Dhinsa went on to talk about defrauding individuals through CashFX Group after denying he had defrauded anyone.

I became acquainted with CashFX, a cryptocurrency multi-marketing firm, two years ago (Group).

I did some research. I felt I was assisting them, and I did assist them. I made some money but didn’t get involved all that much.

In retrospect, I should not have gotten engaged. I do not support them. I don’t recommend that folks look at them.

However, conduct your own research. Conduct your own research. And I finished my… a bit of a haphazard approach Which is not typical of me.

Dhinsa refuses to accept his victims or the fact that CashFX Group is a Ponzi scheme in which the only way to gain money is to defraud others.

Dhinsa sung a drastically different song when he joined CashFX Group in 2020 and was particularly challenged about his due-diligence into the Ponzi scam;

So the first thing that everyone does, including myself, is go online and Google it, and there was a lot of information on CFX. This, that, and the other fraud alert(s).

But then you have to take a step back and assess who is saying those things. Right?

Wrong. Your MLM due diligence on CashFX Group begins and finishes with “this is a Ponzi scam with fraud alarms from all around the world.”

It makes no difference who tells you this since you can independently check and corroborate the information.

But, of course, this was before Dhina discovered there was money to be stolen.

And they read the comments, and there were people saying, you know, it’s a scam, it’s this, it’s a Ponzi scheme, it’s a pyramid system.

Surprise, surprise, every organization on the earth, including mine, is a pyramid.

This is a classic diversion tactic used by pyramid scheme scammers. It is often built on a CEO sitting at the top of a diagram of management and staff in the shape of a pyramid.

I’m at the top. I have a Board of Directors, a management team, HR, a Head of Department, salesmen, and sales representatives. As a result, every institution, including the Royal Family and the British Army, is a pyramid system. So that’s not a problem.

The parallel fails because the movement of money inside a pyramid scheme, as well as the manner in which the money is created, is what makes it unlawful.

Nothing is offered or sold to retail customers by CashFX Group. Thus, CashFX Group’s MLM side acts very much like a pyramid scam (commissions are paid on new investor recruitment, which are sent upline to recruiters and the company’s owners).

The question I asked myself was, “Is it a Ponzi scheme?” and, “How do I know it’s not a Ponzi scheme?”

Because I read that it’s a Ponzi scam. You don’t make money from Ponzi schemes, and blah yada yada.

So I read the reviews. I distributed it internally to my team for review. Then I decided to contact someone in Panama, most likely from one of Panama’s wealthiest families.

“Would you mind coming to the offices for me and taking some shots of everything?” I asked Niko.

And he went… He made new friends there. “Look, they’re redoing the offices,” he added… “Fine, thank you very much,” I said.

We examined the system’s back end, the CRM system. It appears to be OK.

Dhinsa claims he sought “everyone” who approached him about his CashFX Group involvement for proof that CashFX Group was a Ponzi scam.

In July 2019, BehindMLM presented proof that CashFX Group was a Ponzi scam.

Dhinsa makes no mention of this evidence or why he overlooked it. Likewise, CashFX has gotten several securities fraud alerts from regulators all around the world by that point.

Because my reputation is very important to me.

Dhinsa ruined his reputation by joining, promoting, and eventually benefitting from CashFX Group.

Dhinsa’s advertising of CashFX Group was very shady. Dhina targeted the homeless in the UK, stating that by hiring them for CashFX Group, he would “affect 1 million lives.”

Dhinsa’s Ponzi marketing legacy was followed by other CashFX Group crooks.

I’m not sure when Dhinsa quit CashFX Group. When the money ran out, he slunk away silently.

In early 2020, CashFX Group began postponing withdrawal payments. Delays continued for the following year and a half, eventually leading to CashFX Group suspending withdrawals in late 2021.

BehindMLM identifies this as the demise of CashFX Group.

Huascar Lopez, CashFX Group’s founder and CEO, will leave the Dominican Republic in late 2021. What began as a vacation to Italy has now revealed itself to be the beginnings of an exit-scam.

Lopez has not been seen in public for some months. His present whereabouts and condition are unknown.

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crypto scam

BitClub Network – Crook Review Part 2

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Jobadiah Weeks, Silviu Balaci, and Joe Abel of the BitClub Network are slated to be sentenced in March 2023.

The following sentences were postponed for the trio on August 12th:

Jobadiah Sinclair Weeks is scheduled to be sentenced on March 14, 2023.
Silviu Catalin Balaci will be punished on March 16, 2023, and Joseph Frank Abel on March 21, 2023.
All three are anticipated, but not assured, to serve time in jail.

For the time being, BitClub Network defendant Matt Goettsche is defending the criminal allegations leveled against him. His lawsuit has been adjourned until October 2022.

Russ Medlin, the defendant, is imprisoned in Indonesia for child sex offences.

In related news, Weeks (right) filed on August 8th to have his house confinement converted to curfew.

We sincerely request that Mr. Weeks’ bail restrictions be changed from home confinement to a curfew in order for him to attend family events and visit family-owned properties in Colorado.

The Pretrial Services Officer has advised us that they are open to this revision in light of Mr. Weeks’ general compliance with his release restrictions.

The United States defers to Pretrial Service’s viewpoint, as represented by Assistant United States Attorney Anthony Torntore.

Weeks first believed he could pull a fast one while under custody. Weeks seemed to have accepted his fate and settled down, according to PreTrial Services’ evaluation.

On August 15th, Weeks’ application for a curfew adjustment was approved.

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crypto scam

Eric Dalius & Saivian & SEC- Crook Review

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Eric J. Dalius secured an agreement with the SEC over Saivian securities fraud.

The news comes after the Saivian defendants reopened discussions with the SEC in June.

According to a Joint Stipulation filed on August 9th;

On August 5, 2022, the Parties held a telephone settlement conference… during which the SEC and the Defendants other than Defendant Ryan Morgan Evans reached an agreement in principle.

Other defendants in the SEC’s Saivian Ponzi case besides Ryan Evans include Eric J. Dalius, Professional Realty Enterprises, Inc., Saivian LLC, Savings Network App LLC, and Realty Share Network LLC.

Details about Dalius’ Saivian colony are likely to be released in the coming months.

In 2015, BehindMLM recognized Saivian as a Ponzi scam. In 2018, the SEC launched a lawsuit against Saivian, alleging that Dalius and Evans conducted a $165 million Ponzi scheme.

While Saivian’s demise signaled the end of Dalius’ Ponzi scheme, Evans doubled down on Elamant.

Elamant is essentially a Saivian clone targeted especially towards African investors.

Despite facing a $100 million securities fraud case in the United States, Morgan continues to perpetrate securities fraud through Elamant.

So yet, US officials have not pursued Morgan for continuing to scam people with Elamant. It remains to be seen if this will alter.

According to SimilarWeb traffic statistics for Elamant’s website, investor recruiting has ceased.

In the event that Ryan Evans does not reach an agreement with the SEC, his Saivian securities fraud trial has been rescheduled for June 6th, 2023.

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