Holton Buggs’ Meta Bounty Hunters Ponzi scheme is preparing for a second investment round.
Marketed as Meta Bounty Hunters: Season Two; Meta Bounty Huntresses, the unlawful securities offering is referred to as Meta Bounty Hunters: Season Two.
Buggs operates his NFT Ponzi schemes on the platform of Travis Bott’s Meta Labs Agency.
Although it has not been made public, Buggs and Bott are known to have a commercial relationship.
David Hunt, a Meta Bounty Hunters insider, disclosed on a webinar on October 13 that he intends to debut Meta Bounty Huntresses on October 15.
To promote Meta Bounty Huntresses, Hunt promotes profits previously paid out to investors in Meta Bounty Hunters.
In the previous six months, our weekly growth has averaged between 2% and 3%.
In just six months, we have already returned over $20 million to our (NFT) investors… purely (for) purchasing a photograph.
Depending on how many photographs you purchase, your compensation will vary.
It is vital to note that the $20 million Hunt alleges MBH has paid out – which cannot be verified without audited financial reports – has not been withdrawn.
People who are claiming reflections are getting close to recouping their initial $2000 investment within the first six months.
When searching for investment possibilities, you will not find many like this.
It is also vital to know that 80% of supposedly invested funds are utilized to pay out returns. Supposedly, MBH also includes an MLM component, which depletes the investment pool’s ROI money.
Holton Buggs and Travis Bott likewise skim the top, further depleting available ROI funds.
This demonstrates why Meta Bounty Hunters require a second season. As with every Ponzi scheme, MBH needs new investments to continue its fraud.
As Ponzi liabilities increase exponentially over time, each Meta Bounty Huntresses NFT will be sold for $2500. This is an increase from the initial “season one” commitment of $2,000
This totals $22,220,000 at 8888 NFTs.
The change from a weekly to a monthly ROI term is another indication that Ponzi math is putting MBH under inescapable liability pressure.
Considering the money flow inside the fraud, Meta Bounty Hunters returns approach parity, which is mathematically impossible. Meta Bounty Huntresses is introduced to recover as much of the returns handed out as possible.
The procedure is then repeated, and MBH Season 3 is released after the invested monies are depleted. Next comes season 4, then season 5, and so on.
Over time, the law of diminishing returns takes effect, resulting in a classic Ponzi scheme collapse.
The investment in Meta Bounty Huntresses begins for insiders on or around October 15th.
Investing insiders are classified as:
whoever has invested in at least five Meta Bounty Hunter positions; whoever has invested in an “iconic” Meta Bounty Hunter NFT.
Anyone who invested in three or more Meta Labs Agents NFT Ponzi schemes by Travis Bott.
On October 16th, public investment in Meta Bounty Huntresses will commence.
Holton Buggs is well known for establishing his MLM reputation with Organo Gold. Buggs’ attempt to combine crypto fraud with Organo Gold resulted in his departure from the firm.
Buggs’ attempts at a crypto bro scam were unsuccessful. Eventually, he returned to his MLM origins with the travel-based MLM opportunity iBuumerang.
The COVID-19 epidemic severely impacted the boomerang, and the company never recovered. Buggs provided crypto bro fraud with a second chance, and now we have Meta Bounty NFT Ponzi schemes.
It is suspected that the great majority of Meta Bounty Ponzi investors are boomerang affiliates.
Hunt, an iBuumerang Black Diamond who admits to having fallen victim to many crypto frauds, identifies Buggs as his mentor.
Hunt responded when asked about the boomerang logo behind him:
This is the business model employed by a boomerang. This is the community that Mr. Buggs helped develop.
And most iBuumerang residents learned about this NFT before anybody else, and that is where we trade. This is where we generate various streams of revenue.
Meta Bounty Hunters was predominantly a sausage fest.
The cynic in me feels that Meta Bounty Hunters with breasts is an attempt to attract boomerang’s female affiliate base.
Hunt spoke to prospective MBH investors about his prior crypto scam losses.
I began to see what went wrong and why I lost money on some initiatives.
And there were obvious warning signals that I truly overlooked due to my avarice.
That occurred around five years ago. Today, I have determined what I consider to be right and what I believe to be incorrect.
It took five years for Hunt to grasp that investing early in Ponzi schemes means you are the one taking and defrauding others.
The SEC has not registered Meta Bounty Hunters, Meta Bounty Huntresses, Holton Buggs, Travis Bott, or David Hunt.
In every nation with a financial regulator, offering, selling, and promoting unregistered securities is unlawful.
Despite what has been stated previously, mathematics assures that the majority of investors in Ponzi schemes will lose money.
Jojar Dhinsa & CashFX Group – Crook Review
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.
BitClub Network – Crook Review Part 2
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.
Eric Dalius & Saivian & SEC- Crook Review
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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