The GoldenWay Ponzi scheme has collapsed.
As per a January sixth communication despatched out to traders, withdrawals have been “suspended” for 4 months.
Along with disabling withdrawals, GoldenWay additionally cancelled any pending withdrawal requests.
Notably, traders are nonetheless capable of deposit new funds into the corporate and recruit new traders.
Minutes from a GoldenWay’s chief’s assembly doing the spherical confirms “lack of momentum in gold gross sales” is the explanation for the collapse.
GoldenWay runs its Ponzi scheme underneath the ruse of traders shopping for gold.
The identical round claims GoldenWay will re-enable withdrawals “based on the evolution of society”.
GoldenWay was a Boris CEO Ponzi scheme run by Ukrainian scammers with ties to Dubai.
Enjoying GoldenWay’s Boris CEO was Olesya Galusha (left within the screenshot under).
Whole GoldenWay sufferer numbers and the way a lot they’ve misplaced stays unknown.
Russia issued a GoldenWay pyramid fraud warning in October 2022.
Sadly Ukraine isn’t recognized for lively regulation of MLM Ponzi schemes. Dubai permits Ponzi scammers by turning a blind eye to securities fraud, so don’t anticipate any regulatory motion there.
SimilarWeb tracked rising site visitors to GoldenWay’s web site over the previous few months.
In October 2022 GoldenWay’s web site is estimated to have had 839,000 guests. In December 2022 that doubled to 1.6 million.
Nearly all of GoldenWay web site site visitors originates out of Russia (23%), France (11%) and Spain (9%).
