On the KIWIsmart website, there is no mention of who owns or operates the company. On August 20th, 2021, a private registration was made for the domain name “kiwismart.org” to be used by KIWIsmart.
According to KIWIsmart’s website, a “zoom launch event” will take place on January 29th. Since the first KIWIsmart marketing films went up four months ago, this seems weird. In my ignorance, KIWIsmart had already launched and flopped before I learned of its shortcomings. A second launch is now taking place. In any case, Rick Fleshman, Alex Ruiz, Syed Jawad Haider, “Tatjana”, Jonas Todorovic, Mike Soh, Malik Atif, Christi Chitic, and Gian Luca Gallo will all be appearing on the KIWIsmart launch webinar. It appears that Rick Fleshman is in charge of KIWIsmart as its founder: In the United States, Rick Fleshman is based in California.
One of Ormeus Global’s founders, Fleshman first came to the attention in 2017. There were three versions of Ormeus Global: Ormeus Global, IQ Chain, and IQ Legacy. Following John Barksdale’s arrest in Thailand in 2019, the Ponzi scheme collapsed. After Barksdale’s release, he has continued to operate the “Ormeus Ecosystem” plan. There isn’t even a shred of interest.
Through iAM Marketing, Rick Fleshman is linked to John Barksdale. iAM Marketing’s CEO is Fleshman: iAM Marketing’s founder and chairman is Barksdale: When it comes to KIWIsmart, it’s hard to tell if Barksdale is involved. Updated on January 30th, 2022. Javier Canales, a former Ormeus Global executive, is also a member of the KIWIsmart team.
Compliance director for Ormeus Global was Canales: KIWIsmart went into soft launch in August 2021, according to the first screenshot shown above. KIWIsmart’s MLM potential is described in detail in the following paragraphs. The Products of KIWIsmart Third-party passive investment plans are also available through KIWIsmart. Ki100 is the name of KIWIsmart’s new trading bot.
The Ki100 A trading aid for cryptocurrencies that connects to your cryptocurrency wallet via a trade-only API connection. With an easy-to-use user interface, you can change your risk level and withdraw your money at any time. Ki100 isn’t mentioned in any technical or ownership context. “Opportunities in liquidity pools and yield farming” are what Ki1000 feeds KIWIsmart partners and customers. When it comes to passive investing prospects, the terms “liquidity pools” and “yield farming” are used by “crypto bros.” Ponzi schemes are common in these cases.
It’s not clear what else Ki1000 can do. “Trading credits” are used to cover the cost of using Ki100 and Ki1000. KIWIsmart affiliates sell trading credits. From $70 to $10,000, trading credits can be purchased. Invest $70 and get 90 trading credits in return. earn 280 trading credits for spending $250 540 trading credits will be given to you for $500 you get 1100 trading credits if you spend $1000 get 5750 trading credits for spending $5000 By investing $10,000, you’ll get 12,000 trading credits back! To acquire new credits, you must use at least 70% of the credits you’ve already purchased. Monthly trading credit needs for Ki100 are estimated to be: Traded Credits for 70 Trading Credits $1,000 in trading credits ($1,500) To trade $20,000, you need 1000 trading credits and 5000 trading credits For $100,000, you’ll use 10,000 virtual trading credits.
There is no information on how many trading credits are needed to access Ki1000. The Compensation Strategy of KIWIsmart Customers who purchase trading credits from KIWIsmart affiliates and the affiliates they attract are rewarded with commissions. The KIWIsmart Affiliate Program KIWIsmart’s compensation structure has twenty-one levels of affiliate ranks.
The following are the requirements for each of them: Maintain one retail client or affiliate that you referred/recruited. Maintain two clients and/or affiliates who have been referred by you. Three retail customers or recruited affiliates must be referred/recruited and maintained under the K3 metric. Four retail customers or recruited affiliates must be referred or recruited and maintained as K4s. To earn K5, you must refer/recruit and keep five retail customers or affiliates. Refer, attract, and keep at least six customers or affiliates in the retail and/or affiliate markets Refer, acquire, and keep at least seven retail customers and/or affiliates for K7 Maintain and refer eight retail customers and/or recruited affiliates with the K8 program. 9 retail customers and/or recruited affiliates must be referred/recruited and maintained Refer, acquire, and keep ten new clients and/or new affiliates for K10 – 11 retail customers and/or recruited affiliates to refer/recruit and sustain refer, attract, and keep a total of twelve retail customers or affiliates who have been recruited 13 retail customers and/or recruited affiliates must be referred/recruited and maintained as K13 Recommend/increase/maintain fourteen retail customers and/or affiliates A minimum of fifteen new customers and/or new affiliates must be referred, recruited, and maintained. If you have sixteen customers or affiliates to refer, you’ve done well. Promote and maintain seventeen retail customers or recruited affiliates with the K17 marketing strategy.
Refer, attract, and keep a total of 18 retail customers and/or affiliates. Refer, recruit, and keep a total of 19 retail customers and/or affiliates for K19 Refer, attract, and maintain at least twenty customers and/or affiliates. Twenty-one retail customers and/or recruited affiliates must be referred, recruited, and maintained under the K21 program. You must have “active” retail customers and affiliates to count towards your rank qualification when you receive referrals and recruits.
A retail customer who has purchased 50 trading credits or more in the previous four weeks is either an active retail customer or a recruited affiliate. Also, keep in mind that KIWIsmart rank qualification is valid for six months. After earning a rank, you’re guaranteed to keep it for the next six months, no matter what you do in that time. Once a month, you are re-ranked using the criteria you met in that month. For the next six months, the same rules apply. It’s important to keep in mind that if you meet the requirements for a higher level at any point in time, the timer is reset to six months. Recurring Payments A unilevel compensation scheme is used by KIWIsmart to pay out residual commissions. An affiliate is at the top of a unilevel team in a unilevel compensation system, and every affiliate they personally recruit is right behind them (level 1).
Members of the unilevel team who are recruited by affiliates at the level of the original are automatically promoted to the next available position. In theory, there may be an unlimited number of levels of affiliates if any level 2 affiliates recruit new affiliates. Payouts for KIWIsmart’s unilevel team levels are capped at twenty-one, with the following conditions: In order to advance in the unilevel team’s levels 1–3, you must refer and maintain a single retail customer.
Two retail customers are required to access levels 4–6 of the unilevel team. Referring and retaining three retail customers unlocks levels 7 through 10 of the unilevel team. Five retail clients must be referred and maintained in order to unlock Unilevel Team levels 11 to 21. To qualify for residual commission, referred retail clients must be active. Residual commissions are given according to the following formula based on the 70 percent of trade credits spent that meet the preceding criteria: Personal referral level 1 – 30% of all levels. 2% to 5% to 10% of the population 2 percent of the population 21.5% of the total Pool Setup in a Flash “Commissions that were not qualified for in the last 30-day period” are used to fund the Quick Start Pool, which is a monthly bonus pool for members.
The Quick Start Pool for a given month is divided amongst KIWIsmart affiliates who introduce ten retail clients within thirty days of signing up. Bonus Pool for NFT An undetermined percentage of “commissions that were not qualified for in the last 30-day period” is used to support the NFT Bonus Pool. “Aldermen NFTs” and “Ambassador NFTs” are two types of NFTs. When a KIWIsmart affiliate receives an Aldermen NFT, unilevel volume (across 21 levels, minimum 300,000 GV each month) that qualifies in the top 300; and that position has been maintained for three consecutive months.
When a KIWIsmart affiliate receives an Ambassador NFT, sustains a position in the top 13 for three months in a row based on unilevel team volume (across 21 levels, minimum 3,000,000 GV each month) NFT Bonus Pool, as far as I know, is a standard share-based pool that is paid out monthly. It costs $49 per year to become a KIWIsmart affiliate member. The conclusion of KIWIsmart In their own words, KIWIsmart is organization in which membership is restricted to those who have been invited by members exclusively. KIWIsmart is a typical MLM opportunity for trading bot securities scam. It’s one of those bots built by a person who has no trading history to back it up.
On or around November 2021, KIWIsmart began trading with its trading bot. The absence of any reference to trade history raises red flags. The FTC Act may have been violated if KIWIsmart failed to disclose information about the company’s ownership, development, and previous trading of its bot (deceptive marketing). Passive gains created by KIWIsmart’s Ki100 trading bot are used in securities fraud. Regulators in the United States use the Howey Test to prove the existence of an investment contract. Investing in a shared venture with a reasonable expectation of benefits coming from the efforts of others meets the criteria for an investment contract under the Howey Test. Affiliates in KIWIsmart use a bot to manage their funds. A “common enterprise” describes the bot.
A “reasonable expectation of earnings” is clearly in place when funds are placed in the bot. In this case, Kiwismart is in charge of the bot’s operations, therefore it meets the criteria for revenues generated from the work of others. It should be noted that at the time of this writing, KIWIsmart has not been registered with the SEC or any other financial regulator. This suggests that at the very least, KIWIsmart is engaged in stock fraud. KIWIsmart, for its part, appears to be conscious of its actions. KIWIsmart’s Policies and Procedures contain garbage like this instead of embracing their financial regulatory responsibilities; What Laws Apply? Where Does It Take Place? If a dispute cannot be resolved through arbitration, the DAO will vote on the appropriate jurisdiction and venue.
DAO is neither a law, jurisdiction or venue for legal proceedings. In addition, KIWIsmart does not want their affiliates to openly promote the plan for what it is: a scam! No matter what the SEC says, KIWIsmart does not operate as a pyramid scheme since it does not want to be seen as a Ponzi scheme. Even yet, something is off here. First, the compensation model of KIWIsmart indicates that retail customers must receive residual commissions. Affiliates can be replaced in a few pages later, as it becomes clear KIWIsmart does make it easy to check that your upline isn’t operating their firm as a pyramid scheme if you’re not concerned with securities fraud.
Records of 5.9 Retail Sales It is mandatory for every Affiliate to preserve a three-year record of every sales they have made. Every now and then, KIWIsmart will check to see if sales requirements are being met. A customer’s purchases are automatically calculated towards qualification requirements on a monthly basis. KIWIsmart’s retail is likely to be non-existent apart from its affiliates, in my opinion. 8.2 There are no refunds. There will be no returns on any things purchased using Trading Credits due to the nature of the product. Inadequate disclosures and anti-consumer practices like “no refunds” cast doubt on KIWIsmart’s long-term viability as a retailer. The bottom line is that the KIWIsmart MLM trading system operates on the principle of “lulz can’t touch our money!”.
A customer or affiliate can use their own funds to fund a trade, but the bot does not belong to the affiliate or customer, leaving their account vulnerable to fraud. a “lulz can’t touch our money!” trading system can come to an end in three ways: There are three possibilities: regulators shut it down, the bot purges accounts, or the administrators pull off an exit scam involving falsified trades. Regardless of whether or not participants are totally wiped out, they are still left with losses.
KIWIsmart’s use of NFTs is the final topic I’ll touch on. A gimmick as far as I can determine. Traditional share-based bonus pools do not benefit from the usage of NFTs. Or at the very least, no gain. KIWIsmart is able to employ crypto buzzwords in its marketing because of the utilization of NFTs. With the help of the NFT, individuals who join before others can much more easily take off those who follow: That’s on top of the folks who signed up for KIWIsmart last year, hoping to recoup any losses by joining the revival.
Meta Utopia- Crook Review
A few days ago, we put out its review of Meta Utopia.
“Metaverse” MLM crypto Ponzi scheme that isn’t very interesting on its own.
As part of our research, we found a link between Nicholas Coppola and the man who started the Ponzi scheme.
Or rather, he did it through an Instagram story that has since been deleted:
Coppola wasn’t happy about being linked to Meta Utopia in public, it turns out. He only wants to hide the fact that he is a crypto-bro Ponzi scammer.
Today, Nicholas Coppola joins the DMCA Wall of Shame.
Over the past 24 hours, “Dincer Odabasi” from “Copyright Support” has sent us two emails. Nicholas Coppola’s emails were sent on his behalf.
Copyright Support says on its poorly made website that it will
Negative or damaging news that can be found on the Internet and in Google search results should be taken down for good.
In his first email, Odabasi tries to pull the old “right to be forgotten” scam.
Because of the right to be forgotten and because of the privacy clause, we want the content to be blocked.
We tried to get in touch with the website that posted the content, but we didn’t hear back. So, we give you the content and ask you to turn it off.
As everyone knows, according to the first paragraph of Article 9 of Law No. 5651 on the Regulation of Broadcasts Made on the Internet and Combating Crimes Committed Through These Broadcasts, if they can’t get to it, they can send a warning to the hosting provider and ask that the content be taken down.
Again, the second paragraph of the same article says that “the content and/or hosting provider must respond to requests from people who say their personal rights have been violated by the content of an online broadcast within twenty-four hours at the latest.”
We want the case that was filed on our behalf to be taken care of. Because of the European right to be forgotten and the privacy of private life, we have the right to limit access to content.
Please note that we’re asking you to take down the content because we’ve tried to reach the owner but haven’t heard back. That’s why we want and need you to take it down.”
This is a form letter that con artists send out. I know that because Odabasi put the same notice to Amazon from another email about a different website and client (ruhroh GDPR fail) into the body of the email he sent me.
In any case, the “Right to be Forgotten” law in Europe is used by scammers to hide their pasts, no matter how good the lawmakers’ intentions may have been at first.
The Right to be Forgotten is not part of EU law, so we don’t recognise it. Also, it takes four days from the date of publication until a right-to-be-forgotten takedown notice is sent.
Odabasi went on to say that Turkish law had something to do with the US, which was not true.
Due to the Right to be Forgotten and the USA Legal Content Removal Request Pursuant to Law No. 5651, we can’t take down the content we told you about because it’s in the Constitution.
“The Right to be Forgotten and the USA Legal Content Removal Request” is not a thing, even if that sentence makes no sense. It’s not true at all.
Turkey passed Law No. 5651 in the year 2020. It only happens in Turkey and has nothing to do with the United States.
Odabasi sent another email a few hours after the first one. This time, he threatened to take action because of copyright issues.
“We want you to remove any content that reveals personal information about our representative.
If you don’t get rid of the news content, we will file a copyright claim with your hosting company, Google.
I’d like you to put the story away, please.
TEAM OF SUPPORT FOR COPYRIGHT”
As our Policy says, we often use “third-party logos and images,” which is allowed by US copyright law through “fair use.”
We don’t need permission from the people who own the rights to the images we use in our MLM news and reviews. Period.
The DMCA takedown process is being abused when fair use isn’t taken into account and a fake DMCA is filed. Not only will it not work, but the person who submitted it is lying.
Even though it’s clear that Copyright Support doesn’t care about the law, it’s still important to point out their hypocrisy.
Scam businesses like Copyright Support depend on the fact that the publisher or service provider they are after doesn’t know what they are doing.
Nicholas Coppola has publicly linked himself to Meta Utopia and is involved enough to be close to the Ponzi scheme’s founder, who has not yet been named.
It is not against any US law to publish this information with proof attached.
Update, July 2, 2022: Dincer Odabasi is now committing twice as much DMCA fraud as he was before.
Odabasi sent Google a “court order” on June 28 that says the same thing: “It’s against the law to search for scammers!” Stupid, but it also says this:
Based on the privacy clause of private life and the court document we will send you, we want the content to be taken down from publication and blocked from access.”
Odabasi is saying that a Turkish law is a “court document” that keeps scammers from telling the rest of the world. Oh dear.
Laetitude- Crook Review
Investors such as Laetitutde and Swapoo are circumspect on issues affecting investor wallets and active investments.
According to a Latitude News report dated August 13th, You have gotten one or two emails from Swapoo in the past several days, which also affects our Laetitude members.
Due to the continued strong relationship between Swapoo and Laetitude, we can guarantee that these changes will not affect your Laetitude accounts. Latitude will continue to operate as usual.
The alterations made by Swapoo will have an effect on the wallet and the bots. However, we are aware that wherever there are obstacles and closed doors, new doors will emerge to provide opportunities for greater success.
Swapoo is merely adjusting to the ever-changing regulatory environment and market situations.
The details of the e-mails sent are kept confidential. I have not encountered any examples in nature.
Regarding “evolving regulatory landscapes,” Laetitude is a Ponzi scheme operated by Swapoo.
David El Dib operates Laetitude from Dubai, the center of MLM fraud. Swapoo is run by Dave Martin, who is from the Philippines.El Dib and Martin have both established themselves on the BitClub Network.
The investigation by the Department of Justice found BitClub Network to be a $722 million Ponzi scheme. The founders of BitClub Network were arrested in 2019.
El Dib and Martin commit securities fraud and operate their own Ponzi scheme through Laetitude and Swapoo. The regulation of securities is not novel. For decades, every nation with a financial market has regulated securities fraud.
The Ponzi fraud announced a remedy for lost Swapoo wallets in a follow-up “Laetitude News” post dated August 26;
As you are likely aware, Laetitude no longer utilizes Swapoo for secure wallet services. As a result, we have recently implemented the ability to fund, purchase, and withdraw directly within Laetitude.
In light of this, we would like to encourage you to login and withdraw your balance as soon as possible, and to continue withdrawing your balance as your compensation earnings increase.
Laetitude lacks the two-factor authentication security offered by Swapoo, so it is essential that you protect your account with a formidable password. Again, what is occurring behind the scenes is kept secret.
The only clue I could locate was a query posted two weeks ago on Swapoo’s most recent Instagram post.
Swapoo has not published any new social media updates since July 30. This date also marked the last Facebook update posted by Laetitude.
The lack of visitors to both Laetitude and Swapoo suggests that the Ponzi scheme is running out of money to pay investment withdrawals.
The Philippine Securities and Exchange Commission is one of the most active securities regulators worldwide.
It is unclear whether they have anything to do with Swapoo’s issues.
Whatever else is occurring, it is rare for wallets to be abruptly shut off and placed up as unsecured in-house assets.
Keep up to date on any future developments.
GSPartners- Crook Review
GSPartners has dropped its claim of harassment against Chris Saunders. Saunders is the owner and operator of the YouTube channel Grit Grind Gold, which he uses to critique and report on the GSPartners Ponzi scheme.
In late January 2021, Saunders was sued for harassment by owner Josip Heit and promoters Michael Dalcoe and Antonio (Tony) Euclides Menesis De Gouveia.
Heit and the GSPartners Plaintiffs alleged that Sunders’ videos about the Ponzi scheme were defamatory.
Additionally, Heit took offense when Saunders pointed out his position in Karatbars International’s collapsed KBC Ponzi scheme.
GSB Gold Standard Corporation AG, Josip Heit, Michael Dalcoe, and Tony De Gouveia submitted a dismissal stipulation on July 29.
Christopher Saunders, the defendant, executed a declaration in connection with the aforementioned case on July 29, 2022.
Plaintiffs GSB Gold Standard Corporation AG, Josip Heit, Antonio Euclides Menesis De Gouveia, and Michael Dalcoe, by counsel and with the signature and agreement of counsel for Defendant Christopher Saunders, stipulate to the dismissal without prejudice of all claims in this matter pursuant to the Saunders’ Declaration.
The aforementioned stipulation from Saunders proves that he was granted permission.
Mr. Ovidu Toma in relation to the Plaintiffs’ assertions and declarations. Since January 2020, Mr. Ovidu Toma has provided me with evidence of Mr. Harald Seiz’s alleged involvement in Karatbars’ wrongful conduct.
“Ovidu Toma” refers to Ovidiu Toma, the former Chief Technology Officer of Karatbars International.
Today, Toma serves as the CEO of CryptoData. Romania-based CryptoData sells encryption hardware.
To return to Saunder’s assertion: I was aware, based on first-hand knowledge of facts and documents, that any alleged wrongdoing committed by Karatbars in relation to its Miami crypto bank and the issuance of KBC/KBC tokens was committed by Karatbars’ CEO, Mr. Harald Seiz, and that said wrongdoing was committed prior to any affiliation between Karatbars and GSB/Mr. Heit.
This is an odd concession to provide. Heit was the public face of Karatbars’ initial excursion into crypto-asset fraud. In an April 2019 interview, Seiz is referred to as a “major investor and board member” of Karatbars International. In Dubai, Karatbars was selling a “blockchain phone” at the time. When challenged about his remarks on the occasion, he responded, and I quote, ” You mentioned the KBC coin.
You stated that it is probable that it is one kilogram of gold. Is this truly a possibility? Heit reacted. Yes, of course it’s feasible. Nobody believes that many individuals perceive, at the appropriate moment, that they can join us.
We currently have a market valuation of approximately $300 million as of the previous week or two weeks. And now there are about a billion of us.
Is it not yet understood?
And when the mainnet is implemented, which will occur very soon, within a few months we will have a market capitalization of over $200 billion. After months of Heit and Seiz promoting Karatbars’ KBC, the KBC Ponzi coin dropped 62% following the hype event on July 4, 2019.
Heit, not Harald Seiz, was sent to address and explain the collapse to irate investors. KBC continued to leak throughout the subsequent months until it was eventually abandoned.
Heit had cashed out, left Karatbars, and launched his own Ponzi offshoot, GSPartners, before the end of 2019. The GSPartners Ponzi coins have performed no better than those of KBC.
G999 is supported by wash trading, which I believe is steadily depleting GSPartners’ second Ponzi scheme, LYS. G999 is being washed at approximately 0.002413. At $66.78, LYS continues to drain.
GEUR was launched earlier this month as a result of the continuous failure of G999 and LYS to take off. GSPartners and Heit symbolize the euro-pegged GEUR currency. It is thought that GEUR was developed because GSPartners investors no longer desired to hold G999 and LYS.
GEUR does not exist outside of GSPartners as of the publication date. GSPartners uses GEUR to support its most recent 300% ROI Ponzi scheme, metaverse certificates.
In the event that GSPartners and Saunders achieved a settlement, it has not been made public. Other than wrongly saying that Heit was not involved in the Karatbars KBC scam, Saunders has not recanted any of his GSPartners-related statements.
The court authorized the GSPartners plaintiff’s Stipulation of Dismissal on August 2nd. This concludes GSPartner’s harassment lawsuit against Saunders.
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