Mavie International’s authentic Ponzi scheme, constructed round Ultron and ULX tokens, has collapsed.
As per a communication despatched out to Mavie International traders, new Ultron Ponzi scheme funding will stop from June thirtieth.
It’s anticipated ROI funds connected to Ultron staking funding, in the event that they haven’t already, will stop shortly after.
NFTs connected to Ultron funding positions might be dumped on Mavie International associates from August twenty ninth. That is being phrased as a chance for associates to promote the NFTs.
Left unsaid is the whole NFT market collapsed over 12 months in the past. However there being even much less of a marketplace for nugatory Ponzi NFTs.
Mavie International’s Ultron Ponzi scheme launched in 2022. Shoppers had been pitched on investments of as much as 300,000 USDT, on the promise of passive returns paid for 5 years.
Mavie International has barely scraped by means of to half of the promised ROI interval.
The rationale for the Ultron/ULX token Ponzi collapse is a gentle decline in investor recruitment.
As tracked by SimilarWeb, Mavie International web site visitors has declined over the previous 12 months. Between April and Could 2024 alone Mavie International web site visitors plummeted 35%.
Exterior of Russia (35% of visitors), Korea (7% of visitors) and the UK (7% of visitors), there isn’t a lot occurring.
In an try and entice new traders, Mavie International has rushed out a number of Ponzi reboots over the previous 12 months:
Mirrored within the frequency of Mavie International’s reboots rising is the dearth of latest traders. With out new traders, the following logical step is to shutter Mavie International’s authentic Ultron Ponzi.
With out new traders, Mavie International’s reboot Ponzis above will ultimately comply with.
As an alternative of being trustworthy about this, on a June twenty fifth Mavie International firm name, proprietor and CEO Michal Prazenica blamed Ultron’s collapse on fictional upcoming regulation.
We’re giving energy to the neighborhood by all of those nice issues and likewise we’re defending the neighborhood by staying compliant with each regulation that’s coming.
The rules means the principles for the market. The algorithm, what is feasible to do and what’s not attainable to do.
That is coming proper now.
There aren’t any “rules coming” with respect to Mavie International’s previous, current and continued securities fraud. Securities legal guidelines are established in each nation with a regulated monetary market and have been for many years.
Neither Mavie International or any of its spinoffs are registered to supply securities in any jurisdiction.
That is mirrored in current Mavie International fraud warnings from Canada and New Zealand. Mavie International can be harboring a minimum of one fugitive wished by US authorities.
Prazenica, initially from Europe, fled to Dubai to set Mavie International and Ultron up.
As a result of proliferation of scams and failure to implement securities fraud regulation, BehindMLM ranks Dubai because the MLM crime capital of the world.
BehindMLM’s pointers for Dubai are:
- If somebody lives in Dubai and approaches you about an MLM alternative, they’re making an attempt to rip-off you.
- If an MLM firm relies out of or represents it has ties to Dubai, it’s a rip-off.
Replace twenty seventh June 2024 – Russia has issued a Mavie International pyramid fraud warning.