Can you get charged, convicted, fined and even thrown in jail because you are promoting investments scams like Hyperfund, Bitconnect and CashFX?
Well Millions of Network Marketers believe this is not the case.
Because they (majority) of promoters of schemes like Bitconnect, USI Tech, Hyperfund, Beurax, Wiseling, Qubitlife and even CashFX (among a ton of other MLM schemes) feel like nothing will happen to them because most of them have gotten away with it so far.
Millions of Network Marketers and Make Money Online Affiliates have abandoned Legitimate MLM and Affiliate Marketing Digital Systems in exchange for Passive MLM Crypto and Forex Systems.
Why is this happening?
Most people who struggled for years with limited results think there is some BIG ‘shortcut’ for their success in the by promoting MLM Investment Scams (ponzi schemes).
They believe that they can score low hanging fruit because most of the masses are now open to investing.
We are in a Global Pandemic and people are not making rational decisions.
Many of the masses (who hate the idea of MLM) are now actively joining MLM Investment Systems (like Hyperfund, CashFX and the like).
People for years have been hearing about the POWER of Investing and the ‘ability’ to earn passive income.
There are a ton of people all learning about Legitimate Crypto like BTC, Ethereum, Cardano, Binance, Tether and the like.
Most are not educated in the realm of investing and have almost zero experience and know how to distinguish something that is Legitimate from something that is a scam.
And to make matters worse…
The majority who have been investing in passive systems like Bitconnect, Hyperfund, CashFX, Qubitlife, Beurax and even Wiseling (all big investment scams) don’t seem to care.
They don’t care about:
1- Where revenue is coming from
2- Company Ownership
3- Securities Registration
and the many other red flags surrounding an opportunity that seems like it has the potential to ‘give’ them easy money.
Well here is one story (and it’s just one story among others)…
The Story of Glen Arcaro and his promotion of Bitconnect leads to SEC Charges.
SAN DIEGO—Glenn Arcaro of Los Angeles pleaded guilty today in federal court for his participation in a massive conspiracy involving BitConnect, a cryptocurrency investment scheme, which defrauded investors from the United States and abroad of over $2 billion. The BitConnect scheme is believed to be the largest cryptocurrency fraud ever charged criminally.
As admitted in documents entered today before U.S. Magistrate Judge Mitchell D. Dembin, Arcaro conspired with others to exploit investor interest in cryptocurrency by fraudulently marketing BitConnect’s proprietary coin offering and digital currency exchange as a lucrative investment.
Arcaro further admitted that he and others conspired to mislead investors about BitConnect’s purported proprietary technology, known as the “BitConnect Trading Bot” and “Volatility Software,” as being able to generate substantial profits and guaranteed returns by using investors’ money to trade on the volatility of cryptocurrency exchange markets. In truth, BitConnect operated a textbook Ponzi scheme by paying earlier BitConnect investors with money from later investors.
In the past, Arcaro was a past promoter of other systems like Empower Network (presumably where he learned how to market and promote himself online):
Here is an old video where you can see Arcaro (among some other MLM Crypto influencers) at an Empower Network event in Miami:
Arcaro has plead guilty to on September 1st, 2021 to his participation and promtion in the Bitconnect investment scheme that was responsible for stealing Billions from crytpo currency enthusiasts back in 2017.
So in a nutshell…
Most Networkers promoting Investment schemes have abandoned their common sense, ethics and decision making ability in exchange for something they perceive out of greed.
Many of them believe that they can escape the Laws of Success by promoting MLM scams like Bitconnect, Hyperfund (todays preferred scam), CashFX (lasted 2 years but now in collapse) among other schemes like EtherConnect and the like.
The only way to become successful without earning it is by Stealing and Misleading.
That may get you ahead for now but (if you are getting results this way) but it’s bad energy that will have to come back to you (if you are doing this right now).
Money made by ‘false’ pretenses, burns through very fast and never lasts.
Rory Singh is a Home Business Development Coach, Blogger and You Tube Publisher.
I have seen many people, companies and systems come and go in my years online. I have 3 decades of experience in the MLM industry (since the 80’s) and have been online since 2006 (as an affiliate marketer).
I have been doing Reviews since 2013.
If you are still looking for a way to create a full time income (and want a legit system set up for the long term), then feel free to take a look at: