E1ULife fails to supply possession or government info on its web site.
E1ULife’s web site area (“e1ulife.com”), was first registered in December 2021. The non-public registration was final up to date on November nineteenth, 2024.
Additional analysis reveals E1ULife advertising and marketing movies citing David Golden as its proprietor and CEO:
As per his LinkedIn profile, Golden relies out of Florida within the US:
Within the expertise of his LinkedIn profile, Golden cites CoinLogiq and Ingreso Cybernetico.
CoinLogiq is a collapsed bitcoin ATM scheme that focused Colombia. Ingreso Cybernetico is a collapsed MLM pyramid scheme.
Each CoinLogiq and Ingreso Cybernetico had been run by serial fraudster Dwayne Golden (proper).
I wasn’t capable of pin down specifics however it’s not unreasonable to recommend a household connection between David and Dwayne Golden.
Dwayne Golden was indicted in 2022 on fees associated to his involvement in a number of MLM crypto Ponzi schemes.
Golden pled responsible to conspiracy to commit wire fraud and cash laundering in September 2024.
Golden has already consented to forfeiture of $2.46 million, with sentencing anticipated to be scheduled later this 12 months.
Individually, the CFTC filed parallel civil fraud fees towards Golden in 2022. The end result of the CFTC’s case has been stayed pending Golden’s sentencing.
Even when he’s not associated, David Golden was very a lot a part of Dwayne Golden’s crime spree from at the least 2013 to 2020.
Additionally with Dwayne Golden out on bail pending sentencing, we will’t rule out him being unofficially concerned in (and/or truly operating) E1ULife.
Replace tenth March 2025 – I used to be capable of independently affirm a household connection between David and Dwayne Golden.
/finish replace
As all the time, if an MLM firm isn’t brazenly upfront about who’s operating or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.
E1ULife’s Merchandise
E1ULife has no retailable services or products.
Associates are solely capable of market E1ULife affiliate membership itself.
E1ULife advertising and marketing gives entry to generic on-line advertising and marketing instruments and “AI credit”.
E1ULife’s Compensation Plan
There are two parts to E1ULife’s compensation plan; a 1-up pyramid scheme and a matrix cycler gifting scheme.
1-up Pyramid Scheme
E1ULife runs a 1-up compensation plan. This sees commissions from each second recruited affiliate, throughout six buy-in tiers, handed as much as the primary certified upline affiliate.
In flip, recruited associates will pass-up commissions earned on their second recruited associates at every buy-in tier.
E1ULife’s six buy-in tiers are:
- Elevation Fundamental – $5
- Elevation Elite – $10
- Vertex – $25
- Vertex Elite – $50
- Vertex Professional Join – $100
- Vertex Stay – $500
Qualification requires an affiliate to buy-in at every tier to earn pass-up commissions from it.
Matrix Cycler
E1ULife’s matrix cycler runs on 2×3 matrices.
A 2×3 matrix locations an affiliate on the prime of a matrix, with two positions immediately beneath them:
The 2 positions type the primary stage of the matrix. Degree two of the matrix is generated by splitting these first two positions into one other two positions every (4 positions).
Degree three of the matrix is generated in the identical method and homes eight positions.
Positions within the matrix are crammed by way of direct and oblique recruitment of E1ULife associates who purchase into every cycler tier.
There are six tiers in E1ULife’s matrix cycler:
- $25
- $100
- $500
- $1000
- $4000
- $8000
Purchase-ins on every tier operate as gifting funds. These funds “pay out” throughout the third-level of every matrix.
As soon as all positions in a matrix are crammed, a “cycle” is generated and the place on the prime of a matrix “cycles” into a brand new matrix on the identical tier.
The price of entry for this new matrix is roofed by filling the final place on stage 3.
Cycle funds throughout E1ULife’s six matrix cycler tiers are as follows:
- $25 tier – $175 in cycler funds and generates a brand new $25 tier matrix place
- $100 tier – $650 in cycler funds and generates a brand new $100 tier matrix place
- $500 tier – $3500 in cycler funds and generates a brand new $500 tier matrix place
- $1000 tier – $7000 in cycler funds and generates a brand new $1000 tier matrix place
- $4000 tier – $28,000 in cycler funds and generates a brand new $4000 tier matrix place
- $8000 tier – $56,000 in cycler funds and generates a brand new $8000 tier matrix place
Becoming a member of E1ULife
E1ULife affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal:
- $5 for participation within the 1-up pyramid scheme; and/or
- $25 for participation within the cycler gifting scheme
Word that whereas USD is quoted on E1ULife’s web site and on this evaluate, E1ULife solicits funds and pays out in bitcoin solely.
E1ULife Conclusion
E1ULife is a continuation of the fraud David Golden participated in with Ingreso Cybernetico. It’s unclear whether or not David Golden was concerned in Dwayne Golden’s different scams, however it definitely appears doubtless.
So far as I can inform E1ULife initially launched as “Go E1ULife” with simply the 1-up pyramid scheme. The advertising and marketing instruments had been initially offered as “Hero” memberships…
…however after that didn’t go anyplace Golden add the cycler gifting scheme earlier this 12 months.
Word that the Hero memberships on E1ULife’s web site don’t have anything to do with its 1-up pyramid scheme or gifting cycler.
As clearly confirmed by Dwayne Golden’s indictment, responsible plea and CFTC civil fraud lawsuit, each pyramid schemes and gifting schemes are unlawful within the US.
Each forms of fraud primarily profit admins and early recruiters. The cycler mannequin is especially nefarious, because the overwhelming majority of deposited funds are hoovered up by the higher cycler tiers.
This happens by preloaded admin positions and positions owned by early insider recruiters which, by design, attain the highest tiers first by design.
All people else (the general public) is at an instantaneous drawback, with nearly all of contributors taking a loss when E1ULife inevitably collapses.
Look no additional than the collapses of Dwayne Golden’s quite a few prior scams to see this in motion:
Whereas Dwayne Golden will doubtless obtain a prolonged jail sentence, evidently his scamming legacy lives on by his family members.