Alan Friedland behind the NRGY smart-contract Ponzi scheme
Within an hour or so of our NRGY smart-contract Ponzi review going live, Duane Noble showed up in the comments below to aggressively defend it.
This seemed kind of odd, as Duane seemed to take NRGY being correctly identified as a Ponzi scheme personally.
Anyway, courtesy of Chris Hawk Jones, mystery solved.
In a recent NRGY promotional video hosted by serial Ponzi promoter Vitaliy Dubinin, Jones revealed;
[7:10] I was working with my business partner, who’s on here right now, Duane (Noble).
And we were working on another project. We were working on, uh, a really cool trading platform that allows people to trade using simulated funds.
And we started building there, and that’s how I met Alan.
The company Jones is referring to is Brank. Based on Jones’ comments it appears Brank may have been abandoned.
“Alan” refers to Alan Friedland (right) who, along with Jones, was credited by one Brank affiliate as a company “partner”.
[7:28] And Alan is, I call him the rocket scientist behind NRGY, behind this coin, behind this financial platform that you’re gonna learn about.
[7:38] This was Alan’s brainchild and Duane (Noble) was piggy-backing with that and working with him real close.
So I started to enter the picture and here we are today.
So there you have it. NRGY is owned by Alan Friedland and is a spinoff from some of the team behind Brank (could be all of them, hasn’t been disclosed).
Alan Friedland is based out of Florida in the US. Neither Friedland, his company or NRGY is registered with the SEC.
And if you’re wondering why the need for secrecy, Friendland has a history with US regulators.
In April 2020 the CFTC sued Friedland for running Fintech Investment Group and Compcoin.
As alleged by the CFTC, Friedland launched compcoin and attached it to a trading bot opportunity.
Naturally the trading bot, named “ART”, didn’t exist.
Instead of gaining access to ART’s high success rate at predicting USD/EUR forex trades and high rate of return from the trades as promised, purchasers of Compcoin were left with a valueless asset.
Indeed, Compcoin was eventually delisted by all digital asset exchanges and is now worthless.
With that in mind, have a read of how Duane Noble describes the first planned NRGY app;
[21:20] Our first app is coming out, it’s an algorithm that connects to people’s TD Ameritrade account and it trades stocks automatically.
[22:14] It’s gonna be called TradeGenie.
NRGY and TradeGenie sounds an awful lot like Compcoin and ART no?
Through Fintech Investment Group and Compcoin, Friedland stands accused of stealing $1.6 million from investors.
The CFTC’s case against Friedland is ongoing, with a trial tentatively scheduled for November 1st, 2021.
And no Duane, we won’t be removing this article either.
Update 16th March 2021 – Pursuant to the revelation Alan Friedland is behind NRGY, BehindMLM has examined his CFTC fraud case.
It’s worth a read for anyone looking to invest in the NRGY smart-contract Ponzi.
You wouldn’t think so but MLM crypto shitfuckery tastes great on popcorn.
Also anyone got a photo of Alan Friedland? There’s a few candidates on Facebook but I’m not certain enough.
How long before Duane comes and claims that he and Alan are going to sue all of us for clear slander for daring to post this info? Duane in 3, 2, …….
Given Duane rocked up to the original NRGY review in an hour, give it another 40 mins and we can safely assume he’s read this.
Chris Jones , the man who never finished a project. He must be hard up for cash.
He’s very clever, likable and unfortunately, people will pay to be part of his ponzi.
Vitaliy is a fucking crook. And lives outside the USA. Never pay a scammer. Especially a scammer outside the USA.
Wonder if they have keyword alerts on google.
Paulo Barroso (Beaurax, Forsage…) is now also promoting NRGY so you KNOW it’s a scam.
Let’s talk lineup here. Chris Hawk Jones, cannot complete a project for the life of himself. From Project Titan, Generation Hero, EarnRx and essentially anything else he claims to be doing “behind the scenes.”
Hes wrapped around the finger of Ponzi Pimp and Sex offender, Ari Maccabi, who will pitch anything under the sun while he throws everyone under the bus that wouldn’t join him in his next ponzi.
Next up, David Wood. David Wood comes out of nowhere to be used and abused by “former friends” who left his side when he was being arrested and having psychological meltdowns and losing everything he’s ever built, all while claiming he was going to be President of 2020 and claims to be Kind David from the Bible.
Wonder what Jesus would say about his days with prostitutes while married!
His psychotic episodes left him in despair for years and is now ready to be back on board with his current scam to his list and people… which is all the other Pinzi pimps are after, his list!
Lets be real here! Duane Noble, one of the biggest scam artists out there, and sat in court because of it… wants your money once again!
These guys all want you to pay $600 plus dollars for a coin they spent under $2 for SOOOOO, get this… They can pull their profits out in 6-8 plus weeks of time making the most profit from the little guy, their plan from the beginning.
This is not a long term deal, this is just another scam full of fluff promises and ZERO dapp apps to prove it! They will never come, WATCH and WAIT FOR IT!
They leave Chris Hawk Jones holding the bag to promote this stuff like a puppet who’s on salary. Way to go Chris, sounds like you’re about to put the final nail in the coffin of your career online with this deal.
Everyone knows these dapps you keep mentioning are never going to happen, unless of course you have the balls to finally complete something!
Vitaliy Dubanin, what a joke and one of THE BIGGEST Ponzi pimps out there, promoting every company and creating companies where the SEC are after him, while he steals millions from innocent victims. Rinse and repeat are the name of his game!
(Ozedit: derail removed)
My question is, why would ANYONE in their right mind trust these guys? They do not care about their investors, they care about the money they can make from them.
They don’t even care about each other as partners, just the email and social influence they can gain from them. Its a sad state of affairs for them all!
If you pay into NRGY, its going to be a sad state of affairs for you too! DO NOT TRUST THESE SELF ABSORBED, money hungry criminals who have no foundation or any real relationships in sight.
I’m wondering how long before Ari is pimping this as the real deal, you don’t want to miss golden opportunity mantra of his?
You know his being a millionaire mentor and 8 figure income earner and great Internet Marketer who is an expert in financial programs.
A reader confirmed Alan Friedland’s photo. Thanks.
Wonder if Duane will show up as Duane or as he is also known as Byron Sneeringer to defend this Ponzi?
Wait, I’m sure he has been too busy talking to his lawyer about suing all of us for clear slander.
I’m just responding to the comment from “Tired of Ponzi Pimps”. I don’t know how to respond from that comment specifically.
First of all, I have no idea how you even found that link. I sent that privately to like * maybe 100 people who asked for it.
If NRGY is a ponzi, I would just apologize, and stop promoting it.
I started promoting it as I generally trust Chris Jones and have worked with him for a long time, and need to raise money to build my next project, which is fairly unrelated to all of this.
This actually does not look like a ponzi to me, or I wouldn’t be promoting it. It seems like more of a 2 level (non MLM) affiliate program to help fund a startup digital currency project.
It does not behave like a ponzi, at least when I look at it, unless I am missing something obvious, which normally I wouldn’t.
I’m open, as I have nothing to hide.
As for the comments of me being King David from the Bible or what I have admitted with no pressure from the outside because I wanted to, I’m not going to respond as it has nothing to do with any of this.
But I’m also not going to apologize about anything I have said, particularly to someone who hides their name. We will all see who live to see it what the future holds for everyone. We are living in a time that will reveal the truth of everything.
Again, I am not defending or not defending this. I’m shocked at the speed at which Oz got ahold of a video that I sent to like a few people personally. I didn’t email this out to a million people or anything.
I must be at least considered important to this crowd in some manner. Bravo to the speed at which that was sent to you. You got it before I could even email it to a decent crowd or anything.
Hope you are all well, and walk in blessing.
Live long, prosper, and walk in goodness.
You invest ETH for NRGY tokens at whatever inflated bullshit price they make up.
When Alan Friedland and the rest of the ex-EN crew behind NRGY cash out, where do think the money they’re cashing out comes from?
I’m not suggesting you had any hand in creation of NRGY but eyes wide open David, you know what this is.
@Lyndell I will never promote it. It’s decentralized but had no finance. It’s not registered and that is required.
Brank isn’t dead either but we had to remove a few people that wanted to sidetrack us.
I told you I am done with dumbshit and the people that do it, don’t tie me into any of that garbage.
@Tired of Ponzi Pimps slander and lies doesn’t make your comments true.
David Wood says
If by “important” you mean a singular fool and crackpot of a con artist then you are VERY “important”.
David Wood, you’re either completely delusional or full of shit. Or both.
Either way you’re scamming people just like Chris is and all the other players at the top of NRGY.
Coinciding with your NRGY promo, you have at least three posts on your Facebook profile where you’re saying things like:
~ “A good friend of mine just helped me make $393 today doing nothing!” (March 9)
~ “A few hundred dollars doing literally nothing.” (March 10 video)
~ “I’m up around $856 in the last 1 1/2 days doing basically nothing at all (kind of nice).” (Mar. 10)
So you’re making money by doing nothing. And yet you don’t see anything that looks like a ponzi?
With all your business accumen, you truly believe that it’s possible to make money doing nothing?
Because that’s what you’re leading people to believe with your bullshit posts, and who end up “investing”.
You screwed a lot of people out of a lot of money in Empower and it’s sad to see you’re at it again.
Wait hold on a second Oz. I’ve looked at your articles, and so far they present nothing but character assaults and the principle of grouping, as in you are grouping together things like “this person has done x, y, z and therefore NRGY is a Ponzi.”
Usually in Ponzi schemes, money is being generated mostly out of thin air, and you cannot for example remove the money/investment that you put into it.
This is not the case as when someone buys NRGY, they have coins they can remove and exchange for Ethereum.
You also mentioned that the coin is being pumped at whatever price they want to pump it at to consumers.
I am not sure how the price manipulation is being done, seeing as this is being traded on open exchanges.
I think if you want to prove that NRGY is a Ponzi, assumptive statements and character assaults are not going to work. Normally your content is actually quite good at this.
Simply showing that the price of the coins is a false price by looking at the public data, the amount of funding that is placed into it, etc. That would be useful content and you are quite good at analysis.
Keep in mind, there are a lot of well performing crypto coins right now that improve in price rapidly, not just NRGY.
They may have just found a better way to make the price of digital assets increase faster.
Someone else asked me if I really believe it is possible to make money doing nothing. It is “obviously” possible to make money doing nothing, as it is something that people do all of the time with their investments – i.e. they put money into something (work for it once) and their money continues to return 11% a year on average being managed by funds and professional investment advisors.
Over the years, I made a lot of money that was leveraged. The other month, a lot of people made a lot of money doing nothing by just having Bitcoin as the price of Bitcoin went sky high. Etc.
Not everything that increases in value is a Ponzi.
Most of these comments are not useful, which I think is the down side of your site – there are too many character assaults by commenters.
It is far more useful to do analysis and keep the issues the issues, the issue being presented here is that NRGY is a Ponzi.
Ponzi’s in general are very easy to prove as you simply have to ask “where is the money to do x,y,z coming from?”
If you cannot answer that question through any known mechanism, probably the money is invented.
However, when everything is documented on a public ledger and you can simply look at the data, and the money is coming from somewhere – then it is not a Ponzi.
Maybe an unregulated security, but not a Ponzi. I am not sure if the SEC regulates digital currency, however.
With this, it is actually quite easy to see where the money is coming from and where it is going.
The price is high because the process of releasing coins is slow and only increases when new funding comes in and the coins have a way of being taken out of the market as well which reduces the supply. The principle of supply and demand is manipulating the price.
That funding creates liquidity, and people can pull out their coins.
The price may go down significantly at some point, but they still have their digital asset. It still is not behaving like an actual Ponzi.
You also could not call it a pyramid, since it is only 2 levels, and therefore it would not fall under pyramid scheme law as to do that, you would have to have it go 3 levels or more.
I could be wrong. Perhaps you can prove it in an article that keeps the issue the issue.
So, how many cents did you buy in at?
No. In a Ponzi scheme money is always generated from new investors.
This is what’s happening with NRGY.
NRGY isn’t being traded outside of the Ponzi smart-contract.
The price is irrelevant. Get out of the “number go up” mindset.
NRGY is a Ponzi scheme because your Alan Friedlands, Duane Nobles and whoever else set it up and started promoting early, will eventually withdraw subsequently invested funds.
What internal value they cash out is irrelevant to the fact NRGY is a Ponzi scheme.
I only bring it up to ram home how screwed subsequent investors are.
Correct. And in NRGY it’s coming from new investors.
You just acknowledged NRGY is a Ponzi scheme.
There is no exemption for cryptocurrencies or any other investment vehicle in the Securities and Exchange Act.
Have you not being paying attention to any MLM crypto Ponzi over the past 10 years?
OneCoin bagholders still hold worthless OneCoin SQL database points. Still a Ponzi scheme.
BitConnect bagholders still hold worthless BCC tokens. Still a Ponzi scheme.
From a regulatory perspective the only thing that matters is
1. investment made on the promise of a passive return (securities fraud).
2. what is the source of withdrawals (subsequent investment).
NRGY is both committing securities fraud and running a Ponzi scheme.
Please don’t write another novel. I’ve laid out the facts for you.
You either acknowledge the fraud or you’re just as bad as the rest of them.
Yes, except Bitcoin and other legitimate investments weren’t created by serial scammers like Alan Friedland and Duane Nobles.
Plus Bitcoin and legitimate investments don’t have “comp plans” associated with them that pay down levels for recruitment.
Bitcoin and legitimate investments don’t discourage withdrawals with exorbitant bullshit “admin” and “community” fees.
Bitcoin and other legitimate investments don’t promise incredible ROIs especially if you “get in right now!”
Bitcoin can be bought directly; no “referral link” needed. Not so with NRGY if you want your profits to “multiply” LOL.
You’re using the rise of Bitcoin to pump a ponzi that preys on peoples fear of loss, before you dump and run, and you know it.
I’ll look over what you sent. However, I didn’t buy in at cents, I got in it at I believe $117. It has gone up and down since then.
For a correction, NRGY is being exchanged also on Uniswap and they were going to open into some of the other markets. So you can buy the coins there at the same price as listed on the site.
You can see it here:
As you can see the total liquidity has gone down about a million dollars in the last 24 hours, and the price has dropped by about a third. All of the information is there, though.
I believe they needed $3 million in liquidity to move to a couple of the other exchanges which they had, then it dropped below $2.
UniSwap is just plugged into the NRG Ponzi smart-contract is it not?
Umm that’s what happens when the ponzi pimps start cashing out.
David, you sound smart enough to understand more complex topics and applying them, but the simple dynamics of a Shitcoin/Smart Contract being used as a Ponzi vehicle seems to elude you oddly enough.
It’s a fraud, run by fraudsters, providing no actual new function or value except what’s displayed on the dash, and its value will crash, as always.
Hello Oz, and also the people keeping it educational and positive.
They are going to do a response video about these subjects, related to being a Ponzi, etc. I will watch what they say, look at the laws, and respond in my own way.
Really, I have not marketed anything in years, mostly as I am tired of the way that people treat each other in MLM. I am about over it, as my next project probably requires $500k in funding to create properly and I am ready to create that.
Most likely, there are parts of that project that you won’t like, but I will keep it to myself for now as it is something I want to build to change the world in a positive way.
I am never opposed to critical feedback that is fact based, as that helps everyone change for the better. I do not think assaulting the character of people is a useful way to accomplish that, as it just ends up dividing and making people angry and get defensive.
If NRGY can provide positive value and it is in line with good things that can help people in the way that I want, I will most likely promote it a bit. If not, I’m good.
You write good articles Oz. Some better than others. You are a good journalist, although I think sometimes you are slighted too much towards a strong dislike for everything related to MLM and the undertone shifts your journalism to a non neutral stance. Just my feedback for yourself.
Overall, very impressed with how fast you get at certain information. I am actually curious on what qualifications a company would have to have to get a positive review on your website. I am not certain I’ve ever seen one although, I will click around one day looking for it to check.
If there is never any positive reviews, it simply shows your content comes from a slighted perspective and is not neutral news, which you might not care about anyways.
BehindMLM publishes factually accurate reviews. Whether you interpret them as positive or negative has no bearing on the accuracy of information published.
Securities law in the US is quite specific. There is no leeway for Ponzi schemes like NRGY.
Outside of the US securities fraud is illegal practically everywhere.
David, you have to ask yourself… “What has been Oz’s reporting accuracy on ponzi schemes and scams throughout the years?”
I’d say 99% – 100%.
With that kind of accuracy rate on reported ponzi schemes and scams, if someone still chooses to go ahead and throw their hard earned money at the reported schemes, one would have to enjoy the pain of getting screwed over everytime one of the scams goes down/up in flames.
The sad thing is that many promoters of such schemes Do Indeed Know the results of promoting the schemes to gullible and ignorant investors.
And when the schemes go down/up in flames, they have a ready-made cookie cutter excuse(s) pretending they didn’t know it was going to happen all this time.
Yet the same group of people have been promoting very similar schemes and scams throughout the years with similar results.
Makes one wonder… Who really cares for the truth anymore?
Are legitimate opportunities really that scarce? Or are they just “not sexy enough” to promote and earn a decent living with?
Or is it that promoting ponzi schemes and scams take less work and money to set up, promote, and cater to the desperate and “money for little to no work”-side of the gullible masses?
All veteran marketers know the answers to those questions.
Also in the interest of transparency, Duane Noble has attempted to respond to this article under a few different aliases.
Didn’t address NRGY being a Ponzi scheme, securities fraud or Alan Friedland’s CFTC fraud lawsuit. Just abuse and threats.
Probably some insight into what NRGY’s response to the fact it’s a Ponzi scheme will be.
Did he tell you you have 24 hours to post his abuse and threats unedited before he sics his pretend team of lawyers on you?
That one was my personal favorite.
Nah nothing further on that front. They had Friedland on a webinar today trying to explain away the CFTC lawsuit.
Dunno why they bothered, the original complaint is provided by the CFTC for anyone to read.
Unless I’m missing something, I don’t see how NRGY is any different than the 100 other yield farming projects out there, other than the extremely shitty website.
Other than implying “the 100 other yield farming projects out there” are Ponzi schemes, not sure what you’re getting at.
Not sure if it was said but NRGY is not on coinmarketcap or Coingecko. That is a huge red flag…
It is really sad to see people not understanding “Staking”. Call it was you want ponzi or MLM, what people are not understanding is the “Staking”.
The claims that it is “decentralized” are wrong. You are “Staking” your money on their website. The money you earn goes into your decentralized wallet yes but the money you put up is all on them.
If you stake $10,000 and make 2 nrgy coins a week or whatever the percentage is, you are still risking that 10k. If they close the site tomorrow bye bye 10k and you are left with 2 nrgy which will probably go down hard if that happened.
There is a ton of yield farms out there but they are not setup like this. There is no MLM side to it and the coins are at least tracked so you can see what the trend is.
In my opinion this is a no good project pumped up by a lot of well known scammers. Be careful.
Oh, Crypto Genius is NRGY admin Duane Noble. Move along, nothing to see here.
Noble was spam-binned a while back due to multiple aliases, threats, abuse, offtopic derails etc. etc. Guess he’s butthurt his Ponzi isn’t going anywhere.
These self made crypto tokens are just pump and dump scheme. This Nrgy will end exactly like Bitconnect and this BTCV coin which was dumped by the top recruiters who know very well how this works.
They register thousands of people and when the price of the coin jump they sell like crazy and at the same time they are telling people to buy more and hold. It’s classic bitch approach.
The last time this happened was in a called Mining City, the people on the top started to sell their coins at the peak while at the same time telling others to buy and hold.
Would just like to say.
Everyone who bought the “credits” that ari forced into brank, was given liquidity backed token once we pushed him out of the business.
Duane is well that, we pushed him out as well for his behavior and mannerism.
Chris left on his own Accord due to other projects (StarStake) a complete heap of crap project.
We at brank have cut all ties with these individuals, I would personally like to set it clear that I wanted them out from day one but was out voted in regards to bringing them in.
Ill continue to watch this space.
I’ve invested big into NRGY. I hope this article is incorrect.
Byron, not desirable.
I hope you’re not a new investor.
NRGY has come and gone. Those bags are heavy son.
Take this expensive lesson and learn from it,you bought a trash pile.