Dietary supplement, weight reduction, and CBD products are all areas of focus for Life Activated Brands. On their website, Life Activated Brands does not disclose a company address. A Texas location is shown on official company paperwork, though.
LaCore Enterprises owns this address. Terry LaCore owns and operates LaCore Enterprises (right). LaCore Enterprises, a subsidiary of LaCore, has launched a number of businesses during the past few years. The ownership of LaCore Enterprises is not disclosed on these firm websites, which may be in violation of the FTC Act.
The LaCore Enterprises MLM enterprises are never fronted by LaCore himself. There are two “co-founders” of Life Activated brands: Jessica Hayes and Kimberly Coleman. Brandon Hayes, Jessica’s husband, is the CEO and President of Life Activated Brands. On social media, the Hayes’ are known as the “Freedom Couple,” a moniker they’ve adopted.
The Hayes created a name for themselves in Zija before starting Life Activated Brands in 2019. Isagenix purchased Zija in 2019. The Hayes family decided to start their own business rather than stay with Isagenix. The incorporation of Life Activated Brands in 2018 is noteworthy. This shows that the company’s planning began prior to Isagenix’s acquisition of Zija. According to Kimberly Coleman’s bio on Life Activated, she has “8 successful years in Network Marketing”. This could not be independently verified by me.
As a matter of fact, I was unable to locate any information on Coleman. Learn everything you need to know about Life Activated Brands’ multi-level marketing opportunity by continuing to read.
Products from Life Activated Brands Nutritional supplements, weight loss, and CBD are some of the things that Life Activated Brands sells. Supplementary Food There are thirty single-serve capsules in each box, which costs $89, and each capsule contains one serving of Moringa Oliefera, an organic superfood.
You can buy LIVology Detox Tea for $29 for a packet of 10 servings, which “helps your body eliminate toxic substances created from fat cells throughout your weight loss attempts.” It costs $62 for a 30 capsule bottle of LIVology Cleanse, which “continuous usage of this product can help you feel less bloated and support your weight management goals.” Costs $62 per bottle of 30 LIVology Activate capsules, which claim to “improve your performance throughout the day while supporting your weight control efforts, stabilizing your mood and providing you with energy and focus.” It costs $62 for a 30 capsule bottle of LIVology Sleep, which promises to “reduce the impact of stress, eliminate evening cravings, and prepare your body for an uninterrupted night’s sleep.”
Bundles of LIVology items from Life Activated Brands are also available for a reduced price. CBD Retail price for LivCana CBD Balm, which bills itself as “like a massage in the jar,” is $72 for one-ounce serving (28.3 g) To get LivCana Full Spectrum, you’ll need to shell out $89 for a package of 28 single-serve capsules, each of which contains 16 mg of CBD blended with premium MCT Oil. To get 28 servings of LiveCana Premium THC Free, you’ll have to pay $89 for a box of 28 single-serve packets. 30 capsules for $59 is the price for a bottle of LivCana Energy Capsules +CBD, which promises to provide you “a jolt of pure energy without the jitters or crashing.” In a package of fourteen single-serve packets, LivCana Energy Mix +CBD costs $55 and is a liquid version of the company’s capsules. “Balance Bundle” options are also available for Life Activated Brands’ LivCana goods (THC and THC free).
Compensation Plan for Life Activated Brands On retail sales, Life Activated Brands pays commissions. A binary team with a two-level deep check match pays out residual commissions. Bonuses for rank and pool are also available. Affiliates of Life Activated Brands In Activated Life Brands’ compensation structure, there are a total of 29 affiliate ranks. They are as follows, along with their respective qualifications: Create a Life Activated Brands affiliate account, generate at least 70 PV per month, and bring one retail customer on board. Keep a monthly volume of at least 70 PV and refer and maintain at least two retail customers to join Affiliate Plus. Maintain 70 PV per month, two retail clients, and one Affiliate while recruiting and maintaining another Affiliate as a Super Affiliate. Maintaining Super Affiliate status and generating 500 GV in monthly weaker binary leg volume is required to maintain Ambassador 500 status. Maintaining Super Affiliate status and generating 1000 GV in monthly weaker binary leg volume is required for Ambassador 1K to preserve their status. The goal of Ambassador 2K is to maintain Super Affiliate status while generating 2000 GV in monthly weaker binary leg volume.
In order to keep 70 PV per month and two retail clients, two affiliates must be recruited and maintained in order to generate 4000 GV per month in lower binary leg volume. Two retail customers and two recruited affiliates are required to keep PV at 70 per month and GV at 8000 per month for Ambassador 8K to create monthly weaker binary leg volume. Maintain 70 PV a month, two retail customers and two recruited Affiliates, and generate 10,000 GV in monthly weaker binary leg volume as an Ambassador 10K. To be an Ambassador 12K, you must retain 70 PV per month, two retail clients, acquire and maintain one Super Affiliate, and create 12,000 GV monthly in weaker binary leg volume. An Ambassador 15K needs to retain 70 PV a month, two retail clients, and one Super Affiliate, and create 15,000 GV in monthly weaker binary leg volume. Two retail customers and one Super Affiliate are kept happy while 18,000 GV in monthly weaker binary leg volume is generated by the Ambassador 18K. Keep 70 PV, two retail clients, and one Super Affiliate per month while generating 20,000 GV in weaker binary leg volume each month as an Ambassador 20K.
As an ambassador, you’ll be expected to keep 70 PV per month, refer three retail clients, find and keep two Super Affiliates, and create 25000 GV in monthly weaker binary leg traffic. Maintain 70 PV a month, three retail clients and two Super Affiliates, and earn 30,000 GV in weaker binary leg volume each month as Ambassador 30K. As an Ambassador 35K, you must maintain a monthly volume of 70 PV (three retail customers and two Super Affiliates), and create 35,000 GV (weaker binary leg volume) per month. Attain 70 PV monthly, three retail customers and two Super Affiliates while generating 40 000 GVA in monthly weaker binary leg volume as an ambassador Maintaining 70 PV a month and three retail customers, recruiting and maintaining three Super Affiliates, and generating 30,000 GV in monthly weaker binary leg volume is the goal for Ambassador 45K.
Maintaining 70 PV a month, three retail clients and three Super Affiliates, and generating 50,000 GV in monthly weaker binary leg volume is the goal of Ambassador 50K. A monthly weaker binary leg volume of 60,000 GV can be generated by Ambassador 60K by maintaining 70 PV, three retail clients, and three Super Affiliates per month. Maintaining 70 PV a month, three retail clients and three Super Affiliates, and generating 70,000 GV in monthly weaker binary leg volume is what the Ambassador 70K does. Keep 70 PV per month and three retail customers, recruit and maintain four Super Affiliates, and create 80,000 GV in monthly weaker binary leg volume as an Ambassador 80K…
Maintain 70 PV a month, three retail clients and four Super Affiliates, and generate 90,000 GV in weaker binary leg volume each month using Ambassador 90K. A monthly weaker binary leg volume of 100,000 GV is generated by maintaining 70 PV and four Super Affiliates, four retail customers, and four Super Affiliates. Legend 400K – m monthly weaker binary leg volume is generated by maintaining 70 PV and four Super Affiliates, four retail customers, and four Super Affiliates.
PV (Personal Volume) is the abbreviation for this term. PV is the volume of sales generated by retail sales and the orders placed by affiliates. For “Group Volume,” look for the acronym GV. As an affiliate and their downline generates PV, they are known as a “GV.”
I assume that retail consumers must make at least one purchase every month in order to be considered for rank qualification. Commissions paid to retailers Affiliates of Life Activated Brands are paid a percentage of the retail price of the products they promote to end users. Merchandise retail commissions are calculated by subtracting the wholesale price from the retail price of the items that are purchased. Bonuses for Recruiters and Sponsors The Enroller Bonus is a retail incentive as well as a recruitment incentive in one package. To qualify for the Enroller Bonus, a new client or affiliate must place their first order with the company. For the first time, the Sponsor Bonus offers a 15 percent bonus to the first upline (the affiliate who recruited the affiliate qualifying for the Enroller Bonus).
Commissions that Remain Recurring commissions are paid via a binary compensation model. There are two sides (the left and right) to every binary team, and each side has its own pay scheme.
In the binary team, there are two slots at the top level. These first two positions are divided into another two positions each to produce the binary team’s second level (4 positions). Each successive level of the binary team has twice as many positions as the previous level, so that the team can grow at a steady pace. Affiliates are recruited for positions on the binary team in both direct and indirect ways. You should be aware that a binary team can grow indefinitely. Life Activated Brands keeps track of new sales volume on both sides of the binary team at the conclusion of each month.
On sales volume created by the weaker binary team, a residual fee of 10% is given out. Up to $200 a month in residual commissions can be earned by Ambassador 500s. Residual commissions earned by Ambassador 1Ks might total up to $400 each month. Residual commissions for Ambassador 2Ks can total up to $600 each month. Residual commissions on Ambassador 4Ks can go up to $800 per month. Six-figure residual commissions can be earned by Ambassador 6Ks.
Residual commissions for Ambassador 8Ks can reach up to $1200 per month. Ten thousand dollar per month residual commissions are possible for Ambassador 10Ks. Up to $1,800 a month in residual commissions can be earned by Ambassador 12Ks Up to $2000 a month can be earned in residual commissions for Ambassador 15Ks Residual commissions for Ambassador 18Ks can total up to $2500 each month. Residual commissions for Ambassador 20Ks can total up to $3000 each month.
Recurring commissions on Ambassador 25Ks can bring in up to $3500 per month. Up to $4000 a month can be earned by Ambassador 30Ks in residual commissions Remaining commissions for ambassadors in the 35th percentile can amount to as much as $4,500 each month. For Ambassadors with 40K, residual commissions might reach up to $5000 per month. Residual commissions for Ambassador 45Ks can reach up to $5,500 per month. Recurring commissions for Ambassador 50Ks might reach up to $6000 per month. Residual commissions on Ambassador 60Ks can go up to $7000 per month. Residual commissions for Ambassador 70Ks can total up to $8000 each month. Residual commissions for Ambassadors 80Ks might go up to $9000 per month. Up to $10,000 in residual earnings can be earned by Ambassador 90Ks every single month Up to $20,000 a month in residual commissions can be earned by Legend 100Ks. Up to $30,000 per month in residual commissions can be earned by Legend 200Ks. Up to $40,000 a month can be earned in residual commissions for the Legend 300Ks Up to $50,000 a month in residual commissions can be earned by Legend 400Ks Residual commissions for Legend 500Ks can reach up to $60,000 per month.
Binary team volume is flushed once it has been paid out on and matched against the stronger team. In the following month, any remaining volume on the stronger binary team side is carried over. If you are an affiliate of Check Match Life, you will be eligible for a Check Match on residual commissions generated by other affiliates you have recruited. Two tiers of recruiting are paid out in the Check Match.
The rank of an affiliate affects how much money they can make as an affiliate: On level 1, ambassadors with six digits earn a ten percent bonus (personally recruited affiliates) Ambassador 8Ks receive a 15% match on level 1 of the Ambassador Program. Ambassador 10Ks get a 20% match on level 1 of the Ambassador Program. On level 1, Ambassador 12Ks receive a 25% match. Ambassador 15Ks receive a 25 percent match on level 1 and a 10 percent match on level 2 for their efforts Members of the Diplomat 18K program receive a 25 percent match on level 1 and 15 percent match on level 2. A 25% match on level 1 and a 20% match on level 2 are given to Ambassador 20Ks. On levels 1 and 2, Ambassador 25Ks receive a 25 percent match. 30 percent match for Ambassador 30Ks on level 1 and 25 percent for level 2 Ambassador 30Ks level 1 Ambassador 35Ks get a 35% match while level 2 Ambassadors get a 25% match. Level 1 Ambassador 40Ks get a 40% match, whereas level 2 Ambassadors get a 25% match. A 50% match on level 1 and a 25% match on level 2 are given to Ambassador 45Ks, There is a 50% match on level 1 for Ambassador 50Ks, and a 30% match on level 2. In the first level, Ambassador 60Ks receive a 50% match and a 35% match on level 2. A 50% match on level 1 and 40% on level 2 are given to Ambassador 70Ks. At level 1, ambassadors with 80K or more earn a 50% match, while at level 2, they earn a 45% match. On levels 1 and 2, Ambassadors 90Ks and above receive a 50% match.
Bonus for Reaching a Specific Level Affiliates that meet the criteria of Ambassador 500 and above receive a Rank Achievement Bonus from Life Activated Brands. Qualifying at Ambassador 500 or 1,000, or 2,000, or 4,000 and receiving $100 Qualifying at Ambassador 6,000, Ambassador 8,000, or Ambassador 10,000 and receiving $250 Qualifying at Ambassador 20,000, Ambassador 22K, Ambassador 25K, Ambassador 30K, or Ambassador 35K and receiving $750 Qualifying at Ambassador 45K, Ambassador 60K, or Ambassador 70K and receiving $1,000 Qualifying at Ambassador 45K, Ambassador 60K, or Ambassador 70K and receiving $1000 Each rank receives a sequential qualification bonus at each rank, regardless of the amount. The Board of Directors The Leadership Pool at Life Activated Brands is funded by a 1% cut of total sales at the company.
If you’re an Ambassador 25K or higher, your part of the Leadership Pool will be distributed to you. Two Leadership Pool shares are given to Ambassador 25Ks. Three Leadership Pool shares are given to Ambassador 30Ks. As an Ambassador 35K, you get five shares in the Leadership Pool. Ten Leadership Pool shares are given to Ambassadors from 40K to 100K. Twenty Leadership Pool shares are given to Legend 200Ks. Thirty Leadership Pool shares are given to Legend 300Ks. Forty Leadership Pool shares are given to each of the Legend 400Ks. Fivety Leadership Pool shares are given to Legend 500Ks. It is calculated and paid monthly to the Leadership Pool. Joining Brands That Are Activated By The Power Of Life For $49 per year, you can become a Life Activated Brands affiliate. The $49 annual charge is due by the second year if an affiliate signs up with a “LAB Business Starter Pack.”
The conclusion of the Life Activated Brands, When I first heard about Life Activated Brands, I thought it was another “me-too” CBD opportunity. Aside from the fact that it was more developed than a CBD opportunity, it still had that “let’s see what sticks” vibe. To be honest, I didn’t hold it against them when I realized that Life Activated Brands was founded in 2019.
In 2022, MLM CBD launches are a cliche, but three years ago, they weren’t. However, I believe the products of Life Activated Brands are more the consequence of “we can manufacture this” than of any real marketing strategy. Supplement producer LaCore Labs backs LaCore Enterprises, an in-house company that manufactures supplements.
Life Activated Brands’ goods may be excellent in terms of quality, but how do they stack up to the competition? Weight loss aids (based on laxative tea) and CBD oils are included in the package. In contrast to Life Activated Brands, Moringa powder and laxative tea are easily accessible at a fraction of the price. In addition, I didn’t do a thorough investigation of the market; this was a quick Amazon search.
Life Activated Brands’ CBD oils, on the other hand, can be found just about anywhere. Outside of the MLM opportunity, I don’t see any reason to purchase from them. In fact, it’s not just a problem with Life Activated Brands; it affects all of LaCore Enterprise.
For the most part, soulless corporations are avoided by Life Activated Brands. Who runs Life Activated Brands? You know who they are (although I’m not sure what’s up with the history of Kimberly Coleman). Moving on to the pay structure, it’s simple enough, but the ranking system should be made more efficient.
In general, I’m not a fan of small steps, but Life Activated Brands’ twenty-nine ranks really push this idea. A cap on residual commissions appears to be the primary cause of this. In my opinion, it doesn’t need to be so gradual. As volume increases, affiliates would naturally rise in the rankings, thus I didn’t see the need in making it more complicated. Especially at the lower echelons. A 5000 GV improvement in qualification translates into a $500 monthly commission increase. That’s a lot of asymmetry.
Fortunately, LaCore Enterprises has a strong concentration on retail, and I have to give them credit for that because they’re consistent. The compensation plan of Life Activated Brands has requirements for retail customers, but I think retail volume might be stated a bit better.
According to my understanding, all that is required is that retail customers place orders, and the quantity of orders they place is irrelevant. In order to determine whether our potential upline is focused on retail, we can apply these requirements. There is a general consensus that A minimum of 70 PV must be generated each month for Life Activated Brands. I don’t see anything wrong with a self-purchase order (autoship). What you’re looking for is a volume that’s in line with retail. As a rule of thumb, retail sales volume should be greater than the affiliate’s own sales.
The upline may be able to generate all of the required PV through retail sales even if an order isn’t placed, thus this would be fantastic to observe. Sadly, the retail viability of Life Activated Brands takes us back to the product. Definitely do some research before making a final decision. And you may even ask a Life Activated Brands associate that same question.
We’d love to hear from you in the comments section below. All the best to you in your endeavors!
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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As a result of a “Cyberattack”, the company’s attempt to withdraw was unsuccessful