Success Manufacturing unit has obtained a pyramid scheme fraud warning from Bermuda.
As per the Bermuda Police Service’s April fifteenth warning, the division
has obtained reviews of a suspected pyramid scheme underneath the identify “Success Manufacturing unit”, working on the island.
Members are recruited by invitation solely and as soon as accepted, they’re inspired to recruit others.
Bigger gross sales, imply an elevated stage standing, which comes with rewards, reminiscent of free occasion tickets.
The operators of “Success Manufacturing unit” additionally closely encourage members to spend money on ‘DagCoin’, a junk crypto foreign money.
Nonetheless, members are reportedly unable to redeem their currencies for as much as three years.
Detective Superintendent, Nicholas Pedro of the Severe Crime Unit warned, “This scheme bears lots of the hallmarks of a pyramid scheme.”
Beforehand unreported, Bermuda’s warning was caught by BehindMLM reader “Austrian Schnitzel” yesterday.
DagCoin was a derivative of the infamous OneCoin Ponzi scheme. The rip-off was promoted by Success Manufacturing unit, which Igor Alberts arrange and ran from the Netherlands in late 2017.
The present standing of Success Manufacturing unit is unclear. DagCoin founder Nils Grossberg and confederate Kris Ress have been arrested earlier this month in Estonia.
On behalf of Estonian authorities, Dutch authorities raided Success Manufacturing unit’s workplaces within the Netherlands across the similar time.
Success Manufacturing unit proprietor Igor Alberts and spouse Andreea Cimbala fled the Netherlands just a few weeks previous to the arrest and raids.
BehindMLM strongly suspects they have been tipped off by somebody with entry to regulatory intelligence.
Alberts was aided in defrauding shoppers by OneCoin and DagCoin by Ted Nuyten.
The monetary association between Alberts and Nuyten has by no means been disclosed, however Nuyten plied potential buyers with a gradual stream of PR for Alberts.
Whereas he did cowl the Estonian DagCoin arrests, Nuyten has but to cowl the Success Manufacturing unit raid on BusinessForHome.
As of early October Alberts and Cimbala had fled to Dubai, the MLM crime capital of the world.
Dutch authorities haven’t confirmed whether or not legal prices are pending towards Alberts and Cimbala. They’re presumed to be fugitives on the run.
At time of publication each Success Manufacturing unit’s and DagCoin’s web site have been accessible.
