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…]
Cloud Token’s website provides no information about who owns or runs the company. The Cloud Token website domain (“cloudtokenwallet.com”) was privately registered on January 27th, 2019. Marketing videos on the Cloud Token website are presented in Chinese. The videos themselves feature a man speaking Chinese. In one marketing video, Sheng Zhao and Simon Tran are [Continue reading…]
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