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In what appears to be a direct response to BTG180’s claims of legal action being taken against him yesterday, Robert Craddock has escalated the war he is currently waging against the company.

In a BTGLegal update email, Craddock is now claiming that BTG180 ‘has been classified as a Ponzi Scheme‘.

robert-craddockIn the email, sent out by a “Robert H” with the subject line “BTG180 Legal Action Taken” on December 13th, Craddock (right) writes

BTG180 formerly known as Bids That Gives has been classified as a Ponzi Scheme. Over the course of the next 30-60 days thorough investigation of the business model, monies transferred and sent will traced.

If you are an affiliate in BTG or promoting the business you must cease all action to sign anyone up under your affiliate link, if you register anyone in the business knowing that BTG180 is a Ponzi scheme you will also risk facing clawback charges and a possible legal action, this is a formal cease and desist.

If you are currently active in BTG180 or if any members in your downline are paying via ACH/Credit Card you must immediately close your accounts or face clawbacks and chargeback fees.

Reports have been filed and motioned to North Carolina AG where a former company ZeekRewards was shutdown. Since this business model is similar action can be taken to the full extent of the law.

Some of the promoters such as: Scott Lee, Richard Chea, Jeramey Barnett also risk facing clawback charges for heavy promotion of the program.

Not only will we collect the monies transferred to various bank accounts we expect to collect the monies obtained for all bid purchases, money orders, cashiers checks and subscriptions.

Do Not promote BTG180/Bids That Gives Products, services or affiliates program or you may face charges.

On what authority Craddock makes the above claims is wholly unclear. He references a “complaint” which has allegedly been filed with the North Carolina AG, however he then acknowledges that

Since this business model is similar action can be taken to the full extent of the law.

Can be taken? The rest of Craddock’s update is written with such a sense of finality that anyone would think the North Carolina AG had already shut BTG180 down.

Furthermore Craddock’s claim that ‘over the course of the next 30-60 days thorough investigation‘ would appear to be wholly unfounded. US regulators are¬†notorious for keeping their lips sealed until they’re ready to pull the trigger on an MLM opportunity they’ve been investigating.

Yet here we have Craddock openly declaring the inner workings of the NC AG? Based on what, a complaint he filed?

Short of Craddock’s next email informing the world he’s an employee of the North Carolina AG, I’m failing to see exactly how Craddock can be taken seriously here.

Mind you, I wouldn’t put it past him to claim some sort of relationship with the North Carolina AG either. Infact, one might even argue that with statements like:

Not only will we collect the monies transferred to various bank accounts we expect to collect the monies obtained for all bid purchases, money orders, cashiers checks and subscriptions.

That Craddock has already planted the seed he’s working directly with US regulators.

Curiously, in the email update Craddock also includes a set of steps he instructs BTG180 affiliates to follow in order to ‘get your paid commissions back‘.

These include visiting his BTGLegal website and giving Craddock your email address (of course), and then spamming ABC reporter Matt Gutman using the following instructions:

email: (email address removed)

TO tell your side of the story, give details in a written email.

Subject of the email should be: They Took My Money and Used Kids to Lure me In..

Be sure you reference Randy Jeffers, BTG180.com, the website and how false promises were made over and over.

My personal take?

Craddock may or may not have filed a complaint with the North Carolina AG. Through his participation in the $600M Zeek Rewards Ponzi scheme, Craddock is undoubtedly now intimately familiar with the Ponzi scheme clawback process.

That said, urging his subscribers to spam reporters with very specific instructions, and the desperate feigned authority with which Craddock seeks to convince readers that the BTG180 is facing regulatory action, reeks of desperation to get a ball rolling.

I’m not buying it. BTG180, modelled on Zeek Rewards, quite obviously is a Ponzi scheme… but I’m not convinced, based solely on Craddock’s information, that the regulators are ready to pull the trigger on it.

I mean really, Craddock issuing a “formal cease and desist” to BTG180 affiliates?

Riiiiiiiiiiight.