Airbit Club @ BehindMLM

AirBit Club civil proceedings initiated by the SEC have been stayed, pending outcome of the DOJ’s criminal case. The stay order was issued on October 5th, following a letter motion filed by defendants Cecila Millan and Margarita Cabrera.

Earlier today I published an article covering a civil fraud case filed by the SEC. The case was filed against two AirBit Club promoters. That was good to hear but it left me wondering why the the SEC hadn’t pursued the Ponzi scheme’s creators, Renato Rodriguez and Gutemberg Dos Santos. Turns out the DOJ is [Continue reading…]

Two promoters of the AirBit Club Ponzi scheme have been sued by the US Securities and Exchange Commission. The SEC’s lawsuit was filed on August 18th and identifies AirBit Club as an “investment club” that is ‘not organized in any jurisdiction and has no formal legal existence.’

AirBit Club has been banned in Italy following a securities fraud warning issued by CONSOB. CONSOB is Italy’s SEC equivalent. The regulator issued a securities fraud warning against AirBit Club on March 30th.

Back in March the SEC filed a complaint against Vizinova owners Renato Rodriguez and Gutemberg Dos Santos. The SEC alleged Vizinova was a $5 million dollar Ponzi scheme. BehindMLM reviewed Vizinova in 2014 and concluded the same. Rather than contest the allegations and clear their name, both Rodriguez and Dos Santos settled. On June 8th, [Continue reading…]

On March 2nd the SEC filed a lawsuit against Vizinova and owners Renato Rodriguez (full name: Pablo Renato Rodriguez Arevalo) and Gutemberg Dos Santos. Vizinova launched in March, 2014 and for all intents and purposes was a reboot of Phil Ming Xu’s WCM777 Ponzi scheme. Both Rodriguez and Dos Santos were affiliates in WCM777.

A few days ago BehindMLM published a review on AirBit Club. Since then we’ve confirmed ViziNova co-founder Gutemberg dos Santos also co-founded AirBit Club. The other co-founder(s) of AirBit Club have not been publicly disclosed. Several sources have written in to us however claiming Renato Rodriguez, dos Santos’ partner in Vizinova, is involved. To date I [Continue reading…]

There is no information on the AirBit Club website indicating who owns or runs the business. The AirBit Club website domain (“bitbackoffice.com”) was registered on the 27th of September 2015, however the domain registration is set to private. I have read claims that Renato Rodriguez (of ViziNova Ponzi fame) is involved in AirBit Club, but [Continue reading…]