Federation Network Ponzi collapses, new domain reboot
The Federation Network Ponzi scheme has collapsed.
Rather than just admit securities fraud and move on, the scammers behind Federation Network have rebooted on a new domain.
Federation Network is an MLM crypto Ponzi fronted by former Mainet Ponzi scammers.
In the lead up to its collapse, Federation Network initiated a KYC exit-scam:
Next, both of Federation Network’s website domains went down on May 29th.
- federation-app.com – domain disabled on May 29th through status “clienthold”
- federation-app.org – domain disabled on May 30th through status “clienthold”
As per ICANN, “clienthold”
is an uncommon status that is usually enacted during legal disputes, non-payment, or when your domain is subject to deletion.
Instead of being honest about the frozen domains, Federation Network continued with the “update” facade on May 30th.
Later that same day Federation Network rebooted on the domain “member-federation.com”, privately registered through a different registrar May 29th.
In their second May 30th announcement, Federation Network claimed the new domain was “more secure”.
Why the Change?
We’ve upgraded to a state-of-the-art data center capable of supporting a whopping 1 million customers! To accommodate this growth, we had to restructure our servers and update our website URL.
Anyone with even the remotest understanding of how websites are hosted knows a domain has nothing to do with the capacity. Federation Network’s claim that they had to change domains to upgrade their website server is complete nonsense.
Rather it seems Federation Network’s previous domains might have run into problems related to payment processing.
Coinciding with the registration of a new domain is the promise of a “new platform” and “0% fee credit card payments”. It’s possible both of Federation Network’s previous domains have been blacklisted by one or more financial service providers.
From May 31st to June 2nd, Federation Network is purportedly hosting its top Ponzi scammers in Dubai.
Whether that event is taking place is unclear. Ditto how long Federation Network’s reboot domain stays up for.
Update 5th September 2024 – In late August 2024 Federation Network launched a Federation Bank spinoff.
Federation Bank has been set up on the domain “federation-global.com”, privately registered on August 29th, 2024.
Federation Bank presents itself as an app to launder funds stolen through Federation Network through.
Federation Network’s reboot website is still up but investors are reporting withdrawals have been disabled for a week.
To the best of my knowledge Federation Network has not addressed disabled withdrawals.
Update 9th October 2024 – Federation Network’s Federation Bank spinoff has collapsed.
Let’s see which Sarah Cohen will show up at Dubai Global convention :-))
it is the opportunity for the clients to ask for a proof of identity (if anyone comes).
Review updated to note Federation Bank launch and reported disabled withdrawals.
In Sept 8th’s webinar youtube.com/watch?v=B6Fus9YTRzc&t=807s, Evanoskah (Evan Magnen) claimed that they validate 1000 KYC pieces every day, and they do this because some people created multiple accounts.
Evanoskah has 5 020 000 followers on Instagram but his accounts turned to private several months ago instagram.com/evanoskah/
Very curious for someone doing business.
My friends still can’t withdraw funds so that remains their unilateral claim!
Gilles Aujol (Gilles de liberté) who is often present on the webinar is sued also in Liyeplimal lawsuit.
https://behindmlm.com/companies/massive-liyeplimal-securities-fraud-lawsuit-filed-in-us/
We notice other scammers are also present in Federation Network. These people should stop their nonsense on the internet.
Thanks for BehindMLM for being Wikileaks of online scams!
On Sept 10th Federation finally validated the latest KYC requests of my team and on Sept 11th we received the funds.
Nevertheless, Federation never informs users of their new requests, and the reason of those requests, as a result, we wonder what they will ask us next month…. it’s not normal.
Sounds like selective withdrawals to me, executed through KYC baloney. Delaying the inevitable collapse.
I guess they’re hoping Federation Bank takes off. Failing which, kaboom.
Still no payment.
The big zoom call with “Sarah Cohen” and the leader today was cancelled, and postponed to next week end.
Sarah Cohen was at the Nail salon, and don’t give a shit of the investors.
Since yesterday, victims have asked Federation to send their money back. right after, their web site was unreachable
Interesting how Gilles de liberté/@mlmfinances’s YouTube playlist has 55 videos now mysteriously missing, most of which were showing him promoting Federation on Zoom calls.
youtube.com/watch?v=GyB3LoCRL80&list=PL-xXOkH1r7dkiQTxwr9RSIOASANedQyVE
Federation invented a new story today to prepare to change the rule again.
Typical exit-scam BS. This is just “we were hacked!” but a “the hack came from the inside” variant.
IPC (Prime Capital) used the exact same BS excuse…. one of the inside staff that ran away with the cash. LoL
So apparently Federation Network has collapsed and now it is Empire Business Network t.me/empirenetworkofficiel
One of their two official Telegram accounts (t.me/federationnetwork) is now renamed — all older posts are deleted except the last one.
Crazy how quickly they just take money and rebrand like nothing happened. We are not goldfish lol
Unless I’m missing something obvious, no it isn’t.
Empire Network, Empire Trading or whatever it’s called is some failed MLM crypto Ponzi that launched last October.
Federation stopped payment, it seems like it’s really finished this time.
Info from their channel:
Confirmed, thanks for the heads up!
waiting until October 31st, will see what happen…
See new telegram post lol. 94,000 users?! Yeah right!