Frode Jorgensen flees Thailand, claims hitmen are after him
Following Daxio’s collapse, owner Frode Jorgensen has fled Thailand.
In a recent update sent out to his victims, Jorgensen also claims hired hitmen are after him.
I want to preface this article by stating Frode Jorgensen is a serial scammer. His word means nothing and he has no credibility.
I’m covering Jorgensen’s excuses so there’s a paper-trail for authorities to follow.
In his latest February 15th communication to Daxio victims, Jorgensen opens by babbling on about how great Daxio has been (for him).
Then, Jorgensen (right) concots this nonsensical narrative;
There is also a dark side in Daxio. A dark side which shows the true nature of many individuals. Greed, Egoism, Stealing, Cheating.
This has been a growing cancer in our community, we have tried to get rid of it, but it keeps coming back and it’s growing faster than ever.
It started to appear when we released a new game. It was called DaxioBot. The DaxioBot was meant to be a vehicle for people to earn some extra income. It has limitations, rules, and regulations.
In fact, the entire Daxio system have rules and regulations. Looking at it today it has destroyed Daxio and everything Daxio stands for. Leaving us all in a very diﬃcult situation.
It’s nonsensical because it ignores Daxio has Daxio has always been a Ponzi scheme, through which the majority of investors have always been guaranteed to lose money.
But Jorgensen isn’t of course referring to Daxio’s fraudulent business model. The “dark side” is purported repercussions he’s facing for stealing people’s money.
Because of the DaxioBot, last week I have had Hitmen come to my house, I was attempted kidnapped, but I managed to get away.
I have lost everything I have worked hard for the past 20 years; this have forced me to leave the country I love the most in this world, the country I call Home.
However, I am not far away, and I am currently in hiding at a safe house. This is the reason behind my silence the last week. Not to run away, but to be safe.
In addition to dodging assassins Jorgensen (who doesn’t clarify how he, overweight and middle-aged, was able to “get away”), goes to on to suggest he’s under investigation.
I am currently in dialog with various Government Agencies and Legal Advisors to try to find a way to unwind the cluster we are in to try to find solutions to move forward.
If it does not work out, I will turn myself in and share everything I have been documenting during these 5 years that have passed.
The only country known to be investigating Daxio and Jorgensen is Norway (although he lives in Thailand, Jorgensen is a Norwegian national).
The Norwegian Gambling Authority confirmed an investigation into Daxio in July 2022. There have been no further updates since.
Norway and Thailand don’t officially have an extradition treaty. That however doesn’t mean the two countries don’t cooperate when it comes to criminal matters.
The rest of Jorgensen’s Daxio update is a raft of excuses for withdrawal delays. “Market drops”, the “Luna crash”, and soliciting investment in EUR equivalents all get a mention.
All of which have nothing to do with Daxio being a simple Ponzi scheme that ran out of new investment to pay existing investors.
Oh and here’s a bit of good old fashion victim-blaming;
Our terms and conditions, rules and regulations, purchase agreement and disclaimers CLEARLY states what to do and what not to do.
There are members with multiple accounts in Daxio and that actions have taken Daxio into a downward spiral.
There are members playing irresponsible in the Daxiobot, with money that they cannot aﬀord to lose and that have put them into a bad situation.
There are members who found security holes and ways to cheat the system, shared these ways with others and avoiding informing Daxio about them, that action is destroying Daxio
There are members running around presenting Daxio as an Investment Scheme or a HYIP, be aware that this action has given nutrition to the cancer that might eventually kill Daxio.
There are members spreading rumors and false news, posting comments, and sharing the private member information openly with media or blogs. Be aware that this action direct cause of many of the problems we are experiencing right now.
As for my-self, I am 100% aware that I might be the cause of many of the problems we are experiencing. After all I was part of building the platform and technology behind Daxio.
My biggest mistake was that I gave room to all of these members to create problems.
Poor Frode. He just can’t catch a break.
The rest of Frode’s communication is a bunch of promises and crypto jargon nonsense (linked above if you really want to read it).
Despite math guaranteeing the owners of Ponzi schemes are always their primary beneficiaries, Jorgensen claims he has “not enriched myself financially with Daxio.”
Having covered MLM Ponzi schemes for a while now, the cynic in me reads Jorgensen’s communication as an exit-scam.
- Stop paying out.
- Come up with a “hitman are after me!” exit-scam.
- Blame affiliates as part of said exit-scam, setting up the inevitable “I tried but too many of you were scamming the scam!” exit-exit-scam.
- Weave in a known regulatory investigation into Daxio but don’t provide any details.
Pending any further developments, we’ll keep you updated.
Seriously Frode….hit men are after you and you got away from them? Yeah right. Lousy hit men. What did you do, bore them to death with your tall tales of woe?
Guess you didn’t learn anything from your previous prison time. Praying the authorities find your sorry arse and charge you criminally and this time they put you away for a long, long, long time. It is the only way society will be safe from people like you.
But thanks for the belly laugh… hit me are after you!! ROFLOL!!!
Does this mean he will turn state witness in a trial?
Is there a possibility that a lot of the guys running around and recruiting new “investors” are/were in on it and that they were warned so that they could cash out?
Is there a chance that these recruiters already cashed in and now play victims or are/were they in fact just simple useful idiots?
I think ppl in the know cashed in and sold probably via SDax, it could partially be why it yanked 85-90%. In doing so they could claim that they also lost when everything crashed.
Either recruiters and those with inside info sold before hand (in a way or another) or they were just morons like every other deceived.
I would like to know if someone has info about that.
Against who, himself?
Welcome to every Ponzi shitcoin scam ever.
Well, if Thai authorities decide to take this to court then he could use the info he has as a bargaining chip. Who the hell wants to sit in a Thai prison…
I’m not a legal expert but I think there is also a chance that this could spill over to other jurisdictions (countries) if it can be proven that the (fraudulent) activities were conducted there.
But hey, what do I know..
What info? That he ran a Ponzi scheme that collapsed?
If Thai authorities want the info all they have to do is conduct a raid and/or subpoena evidence.
Thai authorities arrested Sebastian Greenwood at the behest of US authorities. We unfortunately don’t know how serious the Norwegian investigation into Daxio is.
Unfortunately Europe as a whole has a poor track record when it comes to international MLM related crime.
Frode is still trying to run Daxio. Introducing new ways for member to get to their money… You have to buy GDAX to be able to vote for certain things.
1 GDAX is 1 vote. Guess who has most GDAX…. 🙂
Vote for what? The only thing anyone wants to vote for is “give me money”. And there’s no more money left to steal.
Here, I’ll save everyone some time:
There’s no money left to steal.
There’s no money left to steal.
There’s no money left to steal.
There’s no new suckers to recruit.
Frode Jorgensen runs Daxio. All this DAO nonsense is blockchain bro bullshit.
Number 4 is is a gem:
So he’s basically saying put some more pesetas in your account and buy SDax so that we can save Daxio…
put some more pesetas in your account and buy SDax so that Frode Jorgensen has more pesetas.
new info today:
Ah, so Cryptopia are in damage control.
They were fine with being associated with a Ponzi scheme but drew the line at a collapsed Ponzi scheme.
Coincidentally Sangho emailed me yesterday complaining about my assessment of Cryptopia being an NFT grift. Didn’t get through all my emails today but it’s the usual crypto bro nonsense.
Any crypto game with NFTs is a grift to sell NFTs. The grift is dressing up NFT sales as a game.
Have you noticed that the fb group doesn’t exist anymore after more and more members expressed their doubts?
New updates from FJ: