BehindMLM final checked in on Beep Xtra again in 2017. Seeking to get in on the cryptocurrency grift bandwagon, Beep Xtra had opted for XCoin mining securities fraud.
Roughly seven months in the past Beep Xtra resurrected its defunct YouTube channel to begin selling “Seriod 4.0 Masternodes”.
Earlier than we get into Beep Xtra’s newest grift, some historical past.
Beep Xtra launched again in 2013 via a BVI shell firm. The corporate is run by co-founders Lyndon Farrington (UK) and Angelos Hadjiphilippou (Cyprus).
The unique providing was a failed ecommerce platform, designed to funnel individuals into the since collapsed Karatbars Worldwide pyramid scheme.
When it was apparent Beep Xtra’s ecommerce platform had flopped, the corporate pivoted to defrauding shoppers via an unregistered share providing.
This was in 2014. Fastforwarding to 2017 brings us to Beep Xtra’s transition to cryptocurrency fraud. And that in flip brings us to Beep Xtra’s newest “Steroid 4.0 Masternodes” providing.
Because the failure of XCoin Beep Xtra appears to have give you just a few extra shitcoin/shit tokens.
Presently on Beep Xtra’s web site we’ve:
- Steroid Masternodes – $25,000
- Mining Software program – 10,000 BPC
- BLP – “funding token” and
- Mining Packages – “from $425”
The XCoin unregistered securities providing lives on via Beep Xtra’s Mining Packages. Though now it’s been modified to investing cash and getting a BPC return.
BPC Coin seems to have changed the unique failed XCoin.
BLP is a shit token that seems to be a straight pump and dump. Beep Xtra’s “mining software program” is written in python and supposedly mines one thing.
BeepXtra has developed a mining software program utilizing Python programming language.
It’s at the moment obtainable for Linux working system (Set up/setup Directions offered) and a home windows model within the making!
After which we’ve the “Steroid 4.0 MasterNode Funding Alternative”:
Lengthy-story brief, Steroid is what Beep Xtra is asking its blockchain. They’re promoting $25,000 “masternode positions”, on the promise of a projected $1.56 million annual return.
Completely unregistered securities and completely unlawful in each nation with a regulated monetary market.
The projected Steroid masternoid returns are primarily based on adoption of Beep Xtra. From launch in 2013 to current, Beep Xtra seems to have solely mildly gained traction within the Philippines.
Based mostly on SimilarWeb site visitors estimates for March 2024, we’ve:
- beepxtra.com – 555 month-to-month visits (63% Philippines, 37% France)
- bxtra.ph – ~13,800 month-to-month visits (10% Philippines, 9% Vietnam, 8% Turkey, 7% US, 6% Peru)
- bxtra.com.ph – 392 month-to-month visits (74% Philippines, 26% Singapore)
“Bxtra.ph” stands out as suss. Why would guests from Vietnam, Turkey, the US and Peru be hitting a neighborhood Philippine area?
In any occasion, eleven years on and Beep Xtra continues to be attempting to promote an answer to an issue that doesn’t exist.
One factor that stood out to me in Lyndon Farrington’s Steroid masternode pitch was the inclusion of conspiracy theories.
[17:06] You don’t should do a lot analysis into economics to foretell that there’s an excellent probability of a big monetary crash. Greater than something we’ve ever seen in trendy historical past.
Now whether or not or not an enormous crash occurs, banks will convey out one thing referred to as “central financial institution digital forex” or “CBDC” for brief.
Now once more, you don’t should do a lot analysis to see that CBDC is coming to each nation on the earth.
Farrington goes on to play an financial conspiracy video, which touts a mega banking new world order:
The place does Beep Xtra match into this?
[19:10] Steroid affords probably the very best various on the earth to CBDC.
And when enterprise house owners get up to that reality, then you definately masternode house owners will likely be very glad. Extraordinarily glad.
Riiiiiighhhhh……t.
Seems Beep Xtra is only one a part of Farrington’s plans to create his personal New World Order.
A part of that is “Widespread Legislation Courtroom”. Or was?
John Smith together with 100 residing males and residing girls arrange the ‘Scottish Widespread Legislation Courtroom’ in 2017.
It advanced into ‘Widespread Legislation Courtroom Nice Britain’ and at last, ‘Widespread Legislation Courtroom Nice Britain & Worldwide’.
Widespread Legislation Courtroom has an internet site up at “commonlawcourt.com”. Guests to Widespread Legislation Courtroom’s web site can
- report a beginning certificates
- “declare possession of your title”
- report a fictional birthdate
- create a monetary belief
Farrington is/was concerned in Household Legislation Courtroom however, circa mid 2023, seems to have gotten right into a spat.
Farrington “resigned” from the Widespread Legislation Courtroom make-believe world and apparently went off to launch his personal “constable coaching system” make-believe world.
Farrington’s sovereign citizen nutjobbery goes a protracted solution to clarify the motivation behind Beep Xtra for the reason that pivot to crypto fraud.
Widespread Legislation Courtroom purportedly tied into Beep Xtra via “cruin pockets”.
This appears to be like to be a (presumably defunct?) cash laundering operation between Beep Xtra and Widespread Legislation Courtroom:
Beneath is a sequence of movies wherein Farrington provides his aspect of his spat with Widespread Legislation Courtroom. I don’t have any curiosity within the spat past noting Farrington is a sovereign citizen nutjob, so I haven’t watched them.
Circling again to Beep Xtra’s $25,000 Steroid masternode funding scheme; it’s been eleven years… if Beep Xtra hasn’t but taken off it’s not occurring.
This newest grift, along with being one other unregistered securities providing, is nothing greater than the funnelling of $25,000 funds to Beep Xtra.
Legalities apart, if tens of millions in passive returns had been even remotely practical Beep Xtra would simply preserve the nodes for themselves (they’re digital and created out of skinny air in case you had been questioning).