In January, we wrote about Youngevity’s move into foreign exchange trading.
The first product was called Max Trader’s Academy, and it was run by Sal Leto, who used to promote OneCoin.
Max Indicator was a part of Max Trader’s Academy.
The MAX Indicator is a type of software called an “indicator” that is based on artificial intelligence (AI). The software is designed to look at how prices and values change in a number of financial markets. The MAX Indicator then creates a report for the user based on the information it has collected.
How is that going after six months? No idea. Max, Things have been too quiet for comfort.
On Youngevity’s website, there are a few Max Indicator reviews from January or February 2022, and then nothing else.
Leto has told us about 8 Minute Trader, the next trading opportunity for Youngevity. It is said that the name “8 Minute Trader” comes from the average amount of time people who use the system trade each morning.
Leto said on a marketing webinar for 8 Minute Trader on June 29 that I gave Youngevity an exclusive license to use my strategies. We have a system where even if someone has never traded before, we can get them on a call with us for five or ten minutes a day and help them make gains of five, ten, or twenty percent on their account.
Leto says he got his idea by deciding to “do the opposite of what everyone else does.” Everyone said, “Don’t look at this chart.” Well, no one else makes as much money as I want to make. What did I do then? I did the opposite and said, “I’m just going to focus on the US30,” which is the craziest and most volatile instrument in the world.
8-Minute Traders focus on the opening hour when they trade on the US30, which is also known as the Dow Jones Industrial Average.
You put this on your computer, set up the screen, and then you can just click a button to get into or out of a trade.
The software is called MT4, and the signals are said to be made by AI.
In short, users click “buy” when the live chart moves into the green area (between the solid and dashed green lines). If the chart keeps going up, money can be made. The sell area, which is between the solid and dashed red lines, works the same way, but in the opposite direction. If the chart goes into the red area, you click the “sell” button.
If the chart keeps going down, you make money.
How long the user wants to hold a position they’ve entered is up to them. If I’m not mistaken, this video shows Maurice Katz showing off 8 Minute Trader on the live market.
Leto says that he has been using this strategy for the past six months with pretty good results. We’re at 163 days as of today, June 29, 2022. Every day, we’ve been doing it. Those are the days when real business is done. We have lost eight times in total. 8 losing days in 163 days.
We’re back in January now, and I can’t help but wonder if this is a test of the Max Indicator.
In any case, neither Youngevity nor Leto tell potential customers how things have gone over the past six months.
All trading is done by hand, so from a regulatory point of view, 8 Minute Trader and Youngevity are not guilty of securities fraud.
I’m not quite sure how to sign up with the CFTC.
People often say things like “This is not financial advice” or “I’m not your financial advisor” because they don’t want to be called a commodity trading advisor (CTA).
CTAs have to sign up with the CFTC, which is a long and complicated process. Investopedia is where we go to get a clear explanation of what a CTA is.
A commodity trading advisor (CTA) is a person or company that helps people buy and sell futures contracts, options on futures, retail off-exchange forex contracts or swaps, and options on futures contracts.
“Personalized advice” is the key phrase there. Members do download software to their own devices, but as far as I know, everyone gets the same buy/sell ranges.
I know a lot more about how securities trading is regulated than how commodities trading is regulated, but I don’t think 8 Minute Trader is personalized trading advice.
8 Minute Trader also has a part where you can trade at any time of the day. This lets customers watch a trader and, if they want, manually copy what they are doing on their own trade accounts.
Leto says this was added because people would get excited about making money in the morning, only to lose it all as the day went on.
The income claims could be where things fall apart. Let’s say 8 Minute Trader comes out and fails in the next six months. Leto’s claims of “5%, 10%, and 20% gains… in 5 or 10 minutes” could be seen as misleading.
For Leto’s income claims to be against the FTC Act, they would have to be different from what the average 8 Minute Trader customer sees. That is, Youngevity could have a problem if most of its subscribers aren’t making 5 to 20% a day in five to ten minutes.
The claims about income have been made. They are already out there, and that’s how 8 Minute Trader is being sold.
From a “due diligence” point of view, I strongly suggest you do at least some basic research on trading the US30 (DJIA). There’s a reason why it has the name it does.
And use the demo accounts that are out there. But keep in mind that what you do or don’t do with a demo account doesn’t tell you anything about how you’ll do when you trade for real. Leto agrees that the US30 is very volatile.
We don’t cover trading advice that goes beyond that.
Start-up costs for Youngevity’s Max Indicator range from $210.99 to $499.95. Leto says that he is “99% sure.” The 8-trader will cost $599 up front and $199 a month after that.
Leto says that 8 Minute Trader will have its own way of paying people. The chance was meant to start on July 4th.
Youngevity’s website doesn’t say anything about 8 Minute Trader being available yet. I also looked at Youngevity’s official Facebook feed from June 30 and found nothing.
We will write a follow-up 8 Minute Trader review after the official launch.
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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