Terrence Pound’s Preserve It 100 Ponzi scheme has collapsed.
Following a July twenty seventh webinar wherein Kilos claimed Preserve It 100 funding had dropped from ~$100,000 to $~5000 a day, Preserve It 100’s web site went offline.
Visits to Preserve It 100’s web site now reveal an unscheduled upkeep message:
As BehindMLM understands it, Preserve It 100 disabled withdrawals on or round Wednesday.
On Telegram, Preserve It 100 claims the web site will likely be again on Monday. This buys them the weekend to tie up any lose ends earlier than disappearing.
Preserve It 100 launched a number of months in the past and pitched a ten% day by day return.
Terrence Kilos claimed he owned and operated the Ponzi scheme, up till BehindMLM reported on his pending COVID-19 mortgage fraud sentencing earlier this week.
Following publication of that article, Kilos rapidly backtracked and started claiming Preserve It 100 was run by an unnamed third-party.
In two movies uploaded to Kilos’ “Cash, Ministry & Motivation” YouTube channel since Monday, Kilos has repeatedly asserted he can’t be seen to be working Preserve It 100 as a result of his “authorized state of affairs”.
Kilos informed one Preserve It 100 investor;
If it means my freedom otherwise you dropping your cash, you’re gonna lose your cash brother.
Nearly all of Preserve It 100 buyers are believed to be US and Canadian residents.
Complete losses and the way a lot Kilos stole via the Ponzi scheme stay unknown.