As an alternative of simply doing a runner then and there, Maintain It 100’s authentic collapse and exit-scam was short-lived.
On or round July twenty ninth, Maintain It 100’s web site went down for unscheduled “upgrades and upkeep”.
The web site returned a number of days later, touting a brand new 25% a month mannequin.
I opined Maintain It 100 would exit-scam once more inside 120 days (25% * 4) and, effectively positive sufficient right here we’re.
Maintain It 100’s closing exit-scam is titled “letter of defeat”.
Within the letter, Maintain It 100 proprietor Terrence Kilos (proper) concocts the next exit-scam backstory;
We have now been considering of waving the flag for nearly 2 weeks now however now we have been hanging on for the final piece of HOPE doable.
The final 30 days have been a whirlwind with the stepping down of our as soon as CEO and dealer, Terrence, after which to the very needed adjustments that we had made within the system to insure longevity.
Longevity on this area is based on the efficiency of the general portfolio.
With Ok-100 we have been in a position to increase $10,914,455 in crypto and we have been in a position to efficiently payout $9,647,004. These transactions left us answerable for $1,267,451.
Pending regulatory motion, take these figures with a grain of salt.
We had felt very assured going into August with our funding portfolio as we had $206,250 in packages in Crypto Program the brand new AMSYS- paying roughly $47,000 USDT per thirty days.
We additionally had our largest place in Votic United at $980,147.
This place averaged roughly $60,000 per week earlier than override commissions.
We additionally had smaller positions with Stratify Commerce ($40,000 that was a loss). We have now taken up a $21,000 place with ARK-FI in 3 completely different wallets.
The one brilliant spot mission that we gained on was BIGWHALE, we have been in a position to ROI on an 80 BNB which was roughly $20,000 invested.
We aren’t positive if you’re conscious or not however Crypto Program went on a 90-120 pause on funds just lately and Vortic United has stopped paying.
With these two applications not paying- not solely does it take away $80,000 per week in funds and the lack of nearly 1.2 MILLION that we had positioned with these 2 firms.
Stratify Commerce and Ark-Fi I’ve by no means heard of however Crypto Program, Amsys, Vortic United and BigWhale are unrelated MLM Ponzi schemes.
It appears Kilos’ closing exit-scam technique is in charge Maintain It 100’s collapse on different MLM Ponzi schemes collapsing.
We have now no alternative however to shut Ok-100. We remorse that we weren’t in a position to win collectively and we want you the most effective hope in navigating this area.
It was our truest want to exceed your expectations however we realized now we have failed. We as soon as once more deeply apologize.
— The Maintain It 100 Group
And that’s that. Thanks on your cash, g’bye!
Maintain It 100 initially collapsed after BehindMLM reported proprietor Terrence Kilos was going through jail time for COVID-19 mortgage fraud.
Kilos, a resident of Ohio, is presently scheduled to be sentenced on September twenty sixth.
In anticipation of his incarceration and household’s lack of earnings, Kilos has been relentlessly selling crypto Ponzi schemes on his “Cash, Ministry & Motivation” YouTube channel since August 2022.
After Maintain It 100 initially collapsed, Kilos instructed one investor on a webinar;
If it means my freedom otherwise you dropping your cash, you’re gonna lose your cash brother.
The newest submitting in Kilos’ COVID-19 mortgage fraud case is an August seventeenth movement, requesting permission to journey interstate.
Mr. Kilos plans to journey to [removed], NY to select up his oldest son; then to [removed], MD to select up his daughter and her youngsters (his grandchildren).
From [removed] they are going to be heading to [removed], FL to go to his mom and father previous to his sentencing.
Mr. Kilos may also be travelling with [removed] Kilos (spouse), [removed] Kilos (son), [removed] Kilos (daughter), and [removed] Carter (granddaughter) and shall be driving by automotive to and from.
If accepted, Mr. Kilos plans to go away on August 28, 2023, drive to (New York); go away (New York) on August 30, 2023, and be in (Maryland) by August 31, 2023; go away (Maryland) by September 3, 2023, and be in (Florida) by September 5, 2023.
Mr. Kilos shall be staying with household in [removed], [removed] and Florida.
Kilos journey plans start the day earlier than Maintain It 100’s exit-scam accomplished. The courtroom accepted Kilos’ request for permission to journey on August seventeenth.
The vast majority of Maintain It 100 traders are believed to be US and Canadian residents.
Whole losses and the way a lot Kilos stole via the Ponzi scheme stay unknown.