Following Daxio’s collapse, proprietor Frode Jorgensen has fled Thailand.
In a latest replace despatched out to his victims, Jorgensen additionally claims employed hitmen are after him.
I wish to preface this text by stating Frode Jorgensen is a serial scammer. His phrase means nothing and he has no credibility.
I’m overlaying Jorgensen’s excuses so there’s a paper-trail for authorities to comply with.
In his newest February fifteenth communication to Daxio victims, Jorgensen opens by babbling on about how nice Daxio has been (for him).
Then, Jorgensen (proper) concots this nonsensical narrative;
There may be additionally a darkish facet in Daxio. A darkish facet which exhibits the true nature of many people. Greed, Egoism, Stealing, Dishonest.
This has been a rising most cancers in our group, we’ve got tried to do away with it, however it retains coming again and it’s rising sooner than ever.
It began to look after we launched a brand new recreation. It was known as DaxioBot. The DaxioBot was meant to be a car for folks to earn some additional earnings. It has limitations, guidelines, and rules.
The truth is, all the Daxio system have guidelines and rules. it at the moment it has destroyed Daxio and the whole lot Daxio stands for. Leaving us all in a really difficult scenario.
It’s nonsensical as a result of it ignores Daxio has Daxio has all the time been a Ponzi scheme, via which nearly all of traders have all the time been assured to lose cash.
However Jorgensen isn’t after all referring to Daxio’s fraudulent enterprise mannequin. The “darkish facet” is purported repercussions he’s dealing with for stealing folks’s cash.
Due to the DaxioBot, final week I’ve had Hitmen come to my home, I used to be tried kidnapped, however I managed to get away.
I’ve misplaced the whole lot I’ve labored arduous for the previous 20 years; this have compelled me to depart the nation I like essentially the most on this world, the nation I name Residence.
Nevertheless, I’m not distant, and I’m at present in hiding at a secure home. That is the rationale behind my silence the final week. To not run away, however to be secure.
Riiiiiiiiiiiiiight……t
Along with dodging assassins Jorgensen (who doesn’t make clear how he, chubby and middle-aged, was in a position to “get away”), goes to on to counsel he’s underneath investigation.
I’m at present in dialog with varied Authorities Businesses and Authorized Advisors to attempt to discover a method to unwind the cluster we’re in to attempt to discover options to maneuver ahead.
If it doesn’t work out, I’ll flip myself in and share the whole lot I’ve been documenting throughout these 5 years which have handed.
The one nation recognized to be investigating Daxio and Jorgensen is Norway (though he lives in Thailand, Jorgensen is a Norwegian nationwide).
The Norwegian Playing Authority confirmed an investigation into Daxio in July 2022. There have been no additional updates since.
Norway and Thailand don’t formally have an extradition treaty. That nevertheless doesn’t imply the 2 international locations don’t cooperate in terms of legal issues.
The remainder of Jorgensen’s Daxio replace is a raft of excuses for withdrawal delays. “Market drops”, the “Luna crash”, and soliciting funding in EUR equivalents all get a point out.
All of which don’t have anything to do with Daxio being a easy Ponzi scheme that ran out of latest funding to pay current traders.
Oh and right here’s a bit of excellent previous vogue victim-blaming;
Our phrases and circumstances, guidelines and rules, buy settlement and disclaimers CLEARLY states what to do and what to not do.
There are members with a number of accounts in Daxio and that actions have taken Daxio right into a downward spiral.
There are members enjoying irresponsible within the Daxiobot, with cash that they can’t afford to lose and which have put them into a nasty scenario.
There are members who discovered safety holes and methods to cheat the system, shared these methods with others and avoiding informing Daxio about them, that motion is destroying Daxio
There are members working round presenting Daxio as an Funding Scheme or a HYIP, bear in mind that this motion has given diet to the most cancers that may finally kill Daxio.
There are members spreading rumors and false information, posting feedback, and sharing the non-public member info overtly with media or blogs. Bear in mind that this motion direct reason behind most of the issues we’re experiencing proper now.
As for my-self, I’m 100% conscious that I is likely to be the reason for most of the issues we’re experiencing. In any case I used to be a part of constructing the platform and know-how behind Daxio.
My greatest mistake was that I gave room to all of those members to create issues.
Poor Frode. He simply can’t catch a break.
The remainder of Frode’s communication is a bunch of guarantees and crypto jargon nonsense (linked above for those who actually wish to learn it).
Regardless of math guaranteeing the homeowners of Ponzi schemes are all the time their major beneficiaries, Jorgensen claims he has “not enriched myself financially with Daxio.”
Having coated MLM Ponzi schemes for some time now, the cynic in me reads Jorgensen’s communication as an exit-scam.
- Cease paying out.
- Delay.
- Provide you with a “hitman are after me!” exit-scam.
- Blame associates as a part of stated exit-scam, establishing the inevitable “I attempted however too a lot of you had been scamming the rip-off!” exit-exit-scam.
- Weave in a recognized regulatory investigation into Daxio however don’t present any particulars.
Pending any additional developments, we’ll hold you up to date.