Cloud Token is gearing up to pull a bait and switch on its investors. The “we use trading revenue to pay investors” facade is being replaced by a mandatory SIM card service – although official details have yet to be released. Instead we have Ronald Aai appearing in a private webinar with top Cloud Token [Continue reading…]
Cloud Token @ BehindMLM
Uneasy alliances forged with the common goal of fleecing Cloud Token investors are coming to an end. Cloud Token withdrawals have been suspended for a month or more in some instances. Company support is MIA, reports of selective withdrawal payments are emerging and affiliates are getting restless. Cloud Token’s top “C4” recruiters are buckling under [Continue reading…]
Cloud Token and WoToken are both under investigation by the British Columbia Securities Commission.
Cloud Token has started branding itself as “Cloud 2.0”. As part of that branding effort, the company has recently launched “Rogue”. Attempting to clear up confusion among affiliates as to what Rogue is, Cloud Token admin (and suspected co-owner), Ronald Aai, took to Facebook earlier today to explain.
Mauritius’ Financial Services Commission has issued a securities fraud warning against Cloud Token. In their warning the FSC singles out Cloud Token affiliates promoting the investment opportunity through social media. The groups “Cloud Token Mauritius” and”Cloud Token Indian Ocean and Africa” are singled out by name.
As the most prominent app wallet Ponzi scheme on the market, it’s only a matter of time before Cloud Token attracts regulatory attention. Evidently fully aware of this, Cloud Token has begun to embrace pseudo-compliance.
A Cloud Token affiliate investor has been “fined” 1000 CTO points, purportedly for failing to explain the opportunity to someone they recruited. According to a recent Facebook post by Cloud Token admin Ronald Aai, an affiliate was “fined” 1000 CTOs for ‘fail(ing) to explain … how (Cloud Token’s) affiliate program works‘.
It’s well-established by now that if you’re dumping money into an MLM company and collecting a passive return, it’s constitutes a securities offering. Securities are strictly regulated across the world and for good reason. It’s one thing to say you’re doing something and provide social media proof. Registering your securities offering (legally required) and providing [Continue reading…]
Cloud Tokens ties to Singapore hinged on its ties to the World Blockchain Forum (WBF). Those ties have been severed, forcing Ronald Aai to relocate back to Malaysia.
In a bid to continue to entice investment into their illegal unregistered securities investment scheme, Cloud Token has registered itself with the Australian Securities and Investments Commission (ASIC). Cloud Token has no physical business operations in Australia. Nor is Australia a significant source of investment revenue for the company (Alexa). Rather Cloud Token is run [Continue reading…]