The lately surfaced Meta Bounty Hunters NFT Ponzi is perhaps an iBuumerang spinoff.
Following tip offs from readers over the previous week, right here’s what I’ve discovered.
In the event you run a seek for Meta Bounty Hunters and iBuumerang, you’ll discover a bunch of iBuumerang associates shilling the upcoming launch.
Essentially the most outstanding of those shills are Avinash Nagamah and David J. Hunt, each of whom are UK residents.
Nagamah is iBuumerang’s Journey Financial savings Ambassador for Europe.
Hunt is an iBuumerang Diamond Ambassador.
Ambassadors could not show iBuumerang merchandise with some other services or products in a style that may in any approach confuse or mislead a potential buyer or Ambassador into believing there’s a relationship between the iBuumerang and non–iBuumerang services or products.
It’s laughable to recommend iBuumerang wouldn’t bear in mind executives are selling an exterior MLM firm.
iBuumerang distributors are additionally selling Meta Bounty Hunters alongside Ellev8 branding.
Ellev8 is iBuumerang’s foreign exchange providing.
It’s a Legacy Administration Academic Platform that focuses on monetary literacy and foreign currency trading philosophies.
Avinash Nagamah appears to assume Ellev8’s “buying and selling outcomes” are similar to the CashFX Group Ponzi scheme.
However I digress…
iBuumerang is owned by MLM veteran Holton Buggs.
He’s nowhere to be present in Meta Bounty Hunters’ advertising or video displays. Buggs appears to have delegated these duties to Nagamah and Hunt.
If we settle for Meta Bounty Hunters is a part of iBuumerang, that might imply Buggs additionally owns it.
A number of hours in the past Meta Bounty Hunters boasted of getting 20,000 potential traders in its Discord chat group.
20,000 members and no person is speaking about firm possession?
Somebody has taken nice pains to make sure Meta Bounty Hunters’ possession particulars aren’t leaked.
Too dangerous they don’t communicate Russian.
On the Do Nothing weblog, Holton Buggs is credited as Meta Bounty Hunters’ proprietor.
Normally such tasks don’t reveal their admins, as a result of it’s blockchain, decentralization and it’s fairly regular.
However from our sources, we discovered that the true admin of (Meta Bounty Hunters) is Holton Buggs, recognized to us from the moderately severe community firm iBuumerang. And this is excellent information.
And the general public determine behind the event and zooms is none apart from Avinash Nagamah, who can be the highest chief of Ibumerang and different tasks.
He is a reasonably well-known character and is a speaker on the prime multi level marketing portal Enterprise For House.
By itself these fragments are definitely questionable. Put collectively although they current a compelling case that’s exhausting to dismiss.
If Buggs owns or half owns Meta Bounty Hunters, it’s essential to notice this isn’t his first crypto fraud rodeo.
Buggs was on the middle of a 2018 try to funnel Organo Gold distributors into the Ormeus World Ponzi scheme.
That concept fell aside and Buggs went on to launch iBuumerang in 2019.
By way of NFTs, Buggs seems to need one other chew on the crypto fraud apple.
However why the secrecy? Why not simply launch Meta Bounty Hunters by way of iBuumerang and be clear?
The premise of Meta Bounty Hunters is a cringe story a couple of gRoUp oF iNtErGaLaCtIc HuNtErs, represented by 8888 NFTs.
Holton Buggs, David Hunt, Avinash Nagamah… these are middle-aged males who don’t give a crap about cartoon area invaders.
Behind Meta Bounty Hunters’ Star Wars knockoff paint, is a $2000 a pop fraudulent funding scheme.
8888 NFTs dumped onto gullible traders for $2000 every involves $17.7 million.
15% of invested funds are saved by Meta Bounty Hunters’ house owners. No matter what occurs subsequent, this leads to a $2.66 million payday.
From February tenth, Meta Bounty Hunter NFT funding positions will probably be offered for $2000 every.
Investing in a Meta Bounty Hunters NFT generated pyramid commissions and a weekly return.
New funding is the one verifiable income getting into Meta Bounty Hunters, making it a pyramid/Ponzi hybrid.
For this reason Meta Bounty Hunters’ web site incorporates no firm possession data.
Two different names of be aware are Mike S. Miller and Travis Bott.
Mike Miller is being credited because the artist behind Meta Bounty Hunters’ cartoon depicted funding positions.
Miller launched his personal “Funky Cash Frathouse” NFT assortment final 12 months. He seems to have gone full crypto bro.
Potential legal responsibility of artists who’re commissioned by scammers as an integral element of their scams has but to be examined in court docket.
What Miller would have the ability to present investigating regulators nonetheless, is data on who paid him and when.
Whether or not Miller has any preloaded Meta Bounty Hunters NFT funding positions is unknown.
Travis Bott is a reputation that retains popping up in reference to Meta Bounty Hunters.
The strongest indicator I’ve seen he’s concerned within the challenge, was a personal Twitter account bearing his title following Meta Bounty Hunters.
That in fact isn’t definitive although, and so I haven’t targeted on Bott’s potential involvement.
If Bott is concerned with Meta Bounty Hunters it definitely wouldn’t shock me. Bott has a lengthy historical past of funding fraud documented right here on BehindMLM.
At time of publication Alexa ranks the US as the one notable supply of site visitors to Meta Bounty Hunters’ web site (73%).
Neither Meta Bounty Hunters, Holton Buggs (a US citizen and resident), David J. Hunt or Avinash Nagamah are registered with the SEC.