I’m undecided when precisely it occurred however earlier this 12 months, probably in late 2021, Whole Life Modifications founder and CEO, Jack Fallon, fancied himself a crypto bro.
To that finish, Whole Life Modifications put out an advert searching for an “NFT/ Crypto Specialist”:
TLC Coin was then unleashed upon unsuspecting distributors on February tenth:
Fallon seems to have fallen fairly far down the crypto advertising rabbithole.
Whole Life Modifications claimed TLC Coin was “greater than crypto”;
In actuality, TLC Coin was your typical MLM crypto money seize.
Whole Life Modifications launched TLC Coin in February 2022 itself.
TLC Coin is believed to be a BEP-20 shitcoin. These take a couple of minutes to arrange at little to no price.
Whole Life Modifications enticed distributors to speculate with guarantees of “ongoing rewards reminiscent of all bills paid holidays, the newest electronics, jewellery and extra!”
Beneath that was the standard “month-to-month rewards” securities fraud. To qualify for that distributors needed to put money into 10,000 TLC Cash or extra.
Cashing out TLC Coin was funded by way of recruitment of latest clients buyers:
TLC will use a portion of its advertising spend to recruit new clients.
TLC will then use 50% of ALL internet earnings generated by these new clients to purchase again TLC tokens, which can then be burned or rewarded again to probably the most loyal neighborhood members.
The unique plan was to fleece Whole Life Modifications distributors for as a lot as they may, after which dump TLC Coin on the general public.
However one thing went horribly unsuitable… and by the top of March 2022 TLC Coin was deserted.
As a substitute of operating its TLC Coin grift on its web site, Whole Life Modifications funnelled distributor buyers right into a Telegram group.
Telegram teams are synonymous with crypto scams.
After the preliminary announcement, Whole Life Modifications scheduled an “NFT Occasion” in Las Vegas on February seventeenth.
I wasn’t capable of pin down any footage of this occasion so I’m not 100% on whether or not it really went forward.
What I do know is Whole Life Modifications’ NFT collections flopped… laborious.
Whole Life Modifications evidently supposed to host a “world tour” of NFT grift occasions, the primary of which was to be held in Las Vegas.
Hooked up to this was an NFT assortment named “Whole Life Modifications GRVTY World Tour #1: Las Vegas”.
This Whole Life Modifications GRVTY World Tour #1: Las Vegas gifted NFT offers you entry too [sic] our Thursday Night time NFT Occasion February seventeenth 2022 & All Present/Future Holders get first in line precedence to future releases!
33 TLC “World Tour” NFTs have been offered to bagholders.
Different NFTs Whole Life Modifications tried to flog, courting again to late 2021, embody “Core Worth #2: Ardour Is Our Gasoline” (7 gross sales out of 100):
“Uncommon The Infamous B.I.G. & Jack Fallon” (no purchaser thus far):
Jack Fallon is Biggie Smalls Largest Fan And Share The Identical Birthday Too! This NFT Was Created By The Gifted Jimi The Vth Of TLC’s AVTEAM. It Is One Of A Form.
“Core Worth #1: We Are All the time Hungry For Extra” (20 offered out of 1000 NFTs)
And “8 Bit Arcade” (6 offered out of fifty NFTs):
TLC Coin’s official Twitter profile was deserted on February eleventh:
Whole Life Modifications acquired the area (“tlccoin.io”) in October 2021. So far as I do know it was by no means really used.
By mid March Whole Life Modifications was making a gift of NFTs as a product bundle:
The final publish on Whole Life Modifications’ TLC Coin Telegram group is dated March fifth.
Presumed to initially be an exit-scam announcement, the publish has since been deleted.
After the March 2022 exit-scam, Whole Life Modifications by no means talked about crypto or NFTs on their web site or social media accounts once more.
How a lot Whole Life Modifications distributors misplaced to Jack Fallon’s crypto bro grift stays unknown.
Whole Life Modifications isn’t the one US-based MLM firm to undergo a cryptocurrency catastrophe this 12 months.
Again in April Tranont introduced a “TranontCoin” funding scheme:
Tranont scheduled TranontCoin’s launch for June 2022.
Tranont would be the first firm of its type to supply cryptocurrency as a method to generate earnings and reward business-building actions, like having a month-to-month Subscription order, attending Tranont occasions, and extra.
Extra data on Tranont Coin will are available June 2022.
After the April 2022 launch announcement, Tranont by no means talked about TranontCoin once more.
