Holton Buggs, Organo Gold & IQ Chain… here’s what we know.
About a month ago Organo Gold announced a partnership agreement with Digital Skynet.
The partnership agreement will see the launch of an as of yet unnamed joint-venture between the two companies.
Also part of the agreement, and what caught the attention of many, was Holton Buggs appointment as ‘executive advisor to Digital SkyNet’s ‘Ormeus’ subsidiary and the newly formed strategic joint venture company owned by ORGANO and Digital SkyNet‘.
Has Holton Buggs been bitten by the MLM crypto Ponzi bug and will he drag Organo Gold down with him?
Here’s what we know…
Digital SkyNet is the parent company of Ormeus Global. Both companies are believed to be owned and operated either in full or in part by John Barksdale.
Ormeus Global is your typical MLM Ponzi points come altcoin exit-scam scheme.
ORME, the shitcoin attached to Ormeus Global, pumped to just over $5 last December. It has since dumped to its current value of around 17 cents.
As of March 2018, Ormeus Global affiliates reported non-payment of commissions “for over a year”.
In an attempt to resuscitate Ormeus Global, Barksdale launched IQ Chain earlier this year.
IQ Chain was more of the same trading bot ROI nonsense (BITCONEEEEEEEEE!), only this time through ORV points.
The internal value of ORV points are manipulated by IQ Chain. ORV isn’t publicly tradeable and doesn’t exist outside of the IQ Chain and Ormeus Global opportunities.
ORV are essentially Ponzi points, or what ORME started off as before it went public and crashed.
Where does Holton Buggs fit into the Ormeus Global and IQ Chain Ponzi schemes as an Executive Advisor?
What we do know however is that Buggs is apparently gearing up to launch a new cryptocurrency opportunity that’s supposedly currently in prelaunch.
Yesterday BusinessForHome went so far as to claim it was a joint-venture between Organo Gold and IQ Chain, with the aim of launching a crypto investment opportunity in the US.
In his article, Nuyten went on to claim Buggs and Barksdale were ‘currently recruit(ing) top leaders on/for the USA market‘.
Reception to Nuyten’s article has been mixed.
Buggs himself responded and rebutted Nuyten’s claims;
We have invested to the better of 3 months to do something the opposite of what this article says.
Selling Crypto is something I have been against my entire career and that will never change.
Too many people have been hurt by the scams. We decided to do something the right way and use Blockchain as innovation not a product.
Comments from other readers however strongly suggest some sort of opportunity is being pitched and marketed – complete with whitepaper.
One BFH reader, Jeremy Roma, even went so far as to claim he was in Bugg’s “prelaunch team”.
As part of the prelaunch team, I assure you this article is 100% innaccurate, and if this article we’re accurate, WE WOULD 100% AGREE!
Crypto mlms are not legitimate, and when you see the caliber of leaders involved with this game-changing project, AND WHAT WE ARE ACTUALLY LAUNCHING, you’ll see that THIS ARTICLE IS BASED ON ????
AND COMPLETE HOGWASH. Feel free to inbox me for accurate info and prelaunch positioning, rest assured we are what many have been waiting for!!
As I understand it Roma is just coming off the collapse of WGN in the US.
He’s pretty tight with Buggs;
And earlier this month he was in Thailand on business (WGN has/had a large affiliate-base in Thailand and it also just happens to be where John Barksdale currently resides):
Fun Fact: Jeremy Roma has been terminated from Organo Gold four times for, among other things, cross-recruiting and P&P violations.
Each of the four Organo Gold distributorships Roma held were under Holton Buggs.
So we know Buggs is gearing up to launch something crypto-related in partnership with John Barksdale’s Oremus Global and/or IQ Chain Ponzi schemes.
Where does Organo Gold fit into this?
Apparently they don’t.
Patrick Miranda, General Counsel for Organo Gold Canada, writes;
I can definitively state that there is NO relation of Digital Skynet to any MLM or other Direct-sales model to which we are a party.
Our owners’ J-V with Digital Skynet is to further the use and applications of block-chain technologies within all platforms of commerce including the MLM model — for example: verifying point of production, authenticating “Organic” and other Certifications of the ingredients in our products, real-time product inventories and logistics, etc.
I don’t know who “Tammy Riley” is; but the opportunity she is speaking of has nothing to do with Organo Gold.
Again, I can state un-equivocally, OG wants NOTHING to do with crypto currencies; for the simple fact of the matter that we would lose all of our financial facilities.
Fair enough. But the obvious question now is how is Holton Buggs going to manage his Ormeus Ponzi responsibilities, whilst maintaining his position in Organo Gold corporate?
Buggs is currently Organo Gold’s Chief Visionary Officer and Global Brand Officer.
I mean surely you’d have to be naive to think Buggs’ connection to Organo Gold wouldn’t be used to market Ormeus and IQ Chain?
With all that in mind, here’s a question I posed to Patrick Miranda;
Theoretically, if Buggs was launching a new cryptocurrency opportunity, what effect would that have on his executive role within Organo Gold?
To which he replied;
While we can’t restrict Holton from providing consulting services to them; there is certainly a fine line which he cannot cross given his relationship with OG.
He would be in a Conflict of Interest ….
The JVA agreement between Organo Gold and Digital Skynet meanwhile contains non-compete provisions governing competition between the two companies.
Without disclosing the particulars of the JVA, I can say that there are provisions restricting direct competition between Digital Skynet and Organo Gold, provisions relating to impairment of our goodwill and enforcement remedies (amongst other remedies), which Digital Skynet and its principals must adhere to.
I obviously can’t predict the future but it seems pretty obvious Buggs role within Digital Skynet is going to cause problems for Organo Gold down the track.
By their own admission, Organo Gold doesn’t seem to want anything to do with the MLM side of the cryptocurrency niche.
The company even went so far as to issue a new press-release today further clarifying their position;
Our Joint Venture with Digital SkyNet is a technology development JV; there is no pre-launch or launch.
Digital SkyNet provides Blockchain technology and software development to improve our global operations platform using Blockchain.
The JV has nothing to do with coins or crypto currency. There is no Comp Plan associated with this Joint Venture.
The new Joint Venture Company formed between ORGANO and Digital SkyNet is solely for technology development collaboration between the companies and strategic deployment of newly developed technology.
The ORGANO Technology Innovation Group will be releasing several newly developed IT platforms over the next 18 months.
Logically then this makes having arguably their most recognizable public figure knee-deep in the MLM cryptocurrency niche, through another company no less, problematic.
And in the crossfire you have Organo Gold distributors, no doubt wondering why their Chief Visionary Officer’s new vision no longer includes them.
I have a strong feeling something’s going to break here. Stay tuned…
Update 17th November 2018 – Ted Nuyten has deleted his original IQ Chain article, as cited above.
The article URL now redirects to a regurgitation of Organo Gold’s Digital Skynet press-release.
N.B. I’ve yet to see a copy of this whitepaper doing the rounds.
If anyone wants to send it in link to contact form is on the top right.
Good day, we understand this site is your business and there is nothing wrong with that. We kindly ask that you remove pictures of Mr. Holton Buggs as this is a privacy and copyright issue.
If you wish to produce information from your point of view on many businesses that is fine but we kindly ask that you please obtain permission to post pictures of people. I trust you can respect our request.
Any questions we would be happy to discuss.
Thank you in advance for your assistance.
I trust you can respect US copyright law:
Thank you in advance for your respect for the law.
If pictures of Mr. Buggs on the internet are a “privacy” issue for him, please never let him Google himself.
There are thousands of pictures of Holton out there, some going back to his 14DailyPlus days with Bill Fox and Tony Renfrow.
“Privacy issues” my ass. You are making a ham fisted effort at “reputation management.”
And Holton Buggs very well may need it.
So much for integrity..
Mr. Buggs and the OG team screwed mr J.D Noland big time.
He/They are going to loose this court case anyway. just dig in a little deeper, and you see mr.Buggs real face.
So ‘IQ Chain aka Ormeus’ – bought 7x corrupt crypto scams/companies who used IQ Chain for their exit strategy to fool/cool down their old investors
and now found their pirate leader.
Even mr Buggs does not know where he get’s himself into. Interesting end of 2018!
What are the chances the post from “Legal Dept” a) Was posted with Mr Buggs’ permission b) came from Organo Golds’ “real” Legal Department c) is anything other than some affiliates’ attempt to intimidate BehindMLM and its’ contributors ?
Actually the email used implied the comment came from IQChain’s legal dept.
Otherwise known as a teenage boy in his bedroom knocking out veiled threats on his laptop.
Colour me terrified
Here is the video on IQ Chain and what they’re going to be promoting, with Jeremy Roma as the speaker. Looks like a combination of iMarketsLive (trading through use of their bot) with online education courses on wealth building, crypto-currency, etc…
They have a team website: iamallin.com
I look forward to hearing your thoughts….
Facebook link doesn’t work.
IQChain was already a trading bot unregistered security so I’m not following what’s new here. Sounds like the same illegal business model to me.
Unless they’re going the “but we have education!” route, which never fools anyone…
Looks like the iamallin.com site is either down or has been moved.
And they’re popping people for $500 to $10,000 USD! Whoa…looks like another front end load…shades of Organo Gold…and the more expensive package you buy, the more in their digital currency you receive, and they’re using their digital coin for several other bonuses…(4 ways to earn their digital currency in their pay plan)…
naturally the amount of the digital currency you can earn is determined by the package you purchase…and it appears the digital currency is the Ormeus coin…my guess is they hope to use this deal as a way to drive up the value of the Ormeus coin, which has dropped in value like a lead balloon…
8 ways to make money…it is covered towards the end of the webinar in the link I provided in the previous message and they hit hard on their bonuses once you reach the top of the plan..cars, homes, etc..
It looks like in addition to the upfront package, there’s a monthly fee of $75 for the online education platform and a semi annual and annual renewal fee for their bot…
I can see thousands, no make that tens of thousands of people, getting suckered into this deal…
Fake Nano products has been sold to 120.000 people
are you scammed too? by the Belgiums?
Peter van de vyver / Tim Vermeiren / Stijn Van Straelen the big nano boss OctaCoin, NanoCoin, Crypto888, Ormeus and now IQ Chain.
Scammers always find a better way to scam for stupid people.
Do you have more info about Nano? We are making a complainf @ Belgian Police,
(Ozedit: attempt to take discussion offsite removed)
Any update on Jeremy Roma’s arrest? Or he still a free man promoting that scam Daisy?
He worked for John Barksdale for iQ, and John has been arrested, and any update on Jeremy’s arrest?
If there was an update you’d have found it with search.