Wished fugitive John Barksdale is spearheading efforts to defraud shoppers by Akasha.
Akasha and its AK1111 shitcoin is being pitched as the most recent funding alternative of Ultron and Akita Rider.
Ultron was an is a collapsed MLM Ponzi scheme constructed round its ULX shitcoin. Akita Rider noticed outdated European males gush over AI-generated NFTS that includes near-naked kids.
Akita Rider initially launched as a part of Incufi, working from the area “holdonfordearlife.io”. Incufi branding seems to have since been dropped.
The newest scams to seem on the “Maintain On For Expensive Life” web site are Akasha and Sovereign:
Sovereign is pitched particularly at South Korea, with advertising and marketing efforts led by “Neo Anderson”.
“Neo Anderson” is none apart from John Barksdale (proper). Barksdale has been tied to each Ultron and Akita Rider previously.
Barksdale is believed to be hiding out in Dubai. Barksdale is needed on felony fraud expenses associated to his collapsed Ormeus International Ponzi scheme.
Sovereign sees buyers buy Visa debit card packages costing as much as $5000.
These types of schemes are usually run by an inconspicuously named shell firm hooked as much as a dodgy processor. That Sovereign seems localized to South Korea suggests the shell firm and dodgy processor might be South Korean.
As soon as bought, Sovereign buyers can then load as much as $50,000 onto their playing cards.
That is carried out on the promise of a 1% each day return:
Akasha is marketed as being “powered” by Ultron.
Ultron and its connected Mavie International Ponzi spinoffs are owned by Michael Prazenica, a European additionally hiding out in Dubai.
Barksdale seems to have taken over what’s left of Ultron and, with no clear proprietor, it’s doable Barksdale has been operating Akita Rider all alongside too.
This does elevate the disturbing chance that Barksdale created Akita Rider’s near-naked kids NFTs… a thought I’ll simply go away there as is.
As “Neo Anderson” (Barksdale naming himself after the protagonist within the Matrix films is likely to be a mid-life disaster), Barksdale is pitching South Koreans on a typical node funding place Ponzi.
Akasha buyers buy “tremendous node” positions for tether (USDT) equivalents in AK1111 or ULX.
As soon as bought, and much like the Sovereign playing cards, Akasha tremendous node positions could be invested in:
- Primary – buy a node place for 50 USDT and make investments as much as 250 USDT
- Commonplace – buy a node place for 250 USDT and make investments as much as 1250 USDT
- Superior – buy a node place for 750 USDT and make investments as much as 3750 USDT
- Professional – buy a node place for 2500 USDT and make investments as much as 12,500 USDT
- Extremely – buy a node place for 6000 USDT and make investments as much as 30,000 USDT
- Elite – buy a node place for 15,000 USDT and make investments as much as 75,000 USDT
- Genesis – buy a node place for 30,000 USDT and make investments as much as 300,000 USDT
Marketed passive returns on the above funding tiers high out at 12% a month for Genesis.
Observe that funds invested into Akasha tremendous node positions seem like locked up for 10 years.
Observe any funds invested into Akasha are instantly stolen by Barksdale. Setting a ten yr lock on the funds is designed to maintain buyers suspended in hope when withdrawals are inevitably disabled.
Barksdale is assisted in defrauding South Koreans by Choi Y (translator):
And Wang Okay Shin (known as the “Chairman”, aka Hyungab Eun (?)):
Curiously, whereas Barksdale and his accomplices are doing their greatest to advertise Soverign and Akasha to South Koreans, as of March 2025 SimilarWeb tracked 100% of visitors to the “Maintain On For Expensive Life” web site from Israel.
Unsure what’s happening there however it seems somebody is recruiting suckers into these scams in Israel too. Maybe Barksdale is utilizing one other alias for Israeli promotion.
To additional entice buyers, Barksdale is operating a purchase one Akasha node place get one free promo until the top of April:
Large Bang Launch Promotion
Interval: April 9 ~ April 30
Finish Time: April 30, 2025 23:00 (UTC)Promotion Particulars
Buy a supernode and full the utmost deposit (max deposit), and you’ll obtain an extra supernode of the identical situation without cost!
Along with be outright fraudulent funding schemes, Akasha and Sovereign could be summed up as a wished fugitive desperately seeking to fund his life-style in Dubai.
Barksdale additionally has a $79 million judgment in opposition to him, stemming from parallel Ormeus International civil fraud expenses filed by the SEC.
Cash was misplaced in Ormeus International, Ultron, each Mavie International spinoff and Akita Rider. Cash will inevitably be misplaced once more by Akasha and Sovereign.
Until you’re in Barksdale’s and Wang Okay Shin’s inner-circle, you’re not within the group that’s going to make off with the cash.