We Are All Satoshi & Sam Lee D&R from California
Sam Lee and his We Are All Satoshi Ponzi scheme have received a Desist and Refrain Order from California.
As per the Department of Financial Protection & Innovation’s September 27th order;
Beginning at least as early as 2023, WAAS offered and sold securities in the form of investment contracts in California through general solicitations on its website.
WAAS referred to these investment contracts as “Subscriptions.”
The “Subscriptions” offered by WAAS were securities that were neither qualified nor exempt from the qualification requirement under the CSL. The Department has not issued a permit or other form of qualification authorizing WAAS to sell these securities in California.
In addition to securities fraud, DFPI noted;
WAAS is a fraudulent pyramid and Ponzi scheme. It does not sell or purport to sell any actual product and has no apparent source of revenue other than funds received from
investors.By Lee’s own admission, WAAS intended to use 68% of investor funds to pay investors to recruit other investors, 30% of investor funds to buy and hold bitcoin, and 2% of investor funds to pay Lee a “management fee.”
Thus, the payouts that investors received from WAAS were actually funds deposited by other investors.
As a result of running a Ponzi scheme and committing securities fraud, DFPI ordered We Are All Satoshi and Lee to
desist and refrain from the further offer or sale of securities in California.
BehindMLM reviewed We Are All Satoshi back in April 2023. Like the DFPI, we identified securities fraud and a Ponzi scheme.
We Are All Satoshi fell under Lee’s StableDao Ponzi umbrella. Lee ran the fraudulent investment schemes with Shavez Anwar (aka Shavez Ahmed Siddiqui).
Both fled to Dubai as a result of previous Ponzi schemes collapsing circa 2021. In Dubai, Lee and Anwar are sheltered from law enforcement by Dubai’s authorities.
The August collapse saw Lee and Anwar split. Lee announced his own StableDAO reboot in early September, but there has been no further updates.
Anwar took control of what was left of We Are All Satoshi and announced his own reboot.
As of October 12th, We Are All Satoshi marketing videos are going up on the company’s YouTube channel:
As tracked by SimilarWeb, We Are All Satoshi website traffic dropped 32% between August and September 2023.
The majority of traffic originates from Canada (33%). The US is second at 23%, dropping 38% month on month.
I’ll probably spend about 70 or 80 hours of my week investigating Sam Lea and We are all Satoshi.
Shave revealed he would pay me $10,000 if I could come up with his real last name! Another false claim 😉
anyway great to see another article that names in shames these thieving bastards.
Here’s my say, the stipulation above these comments where it is said Sam lee has a spin off you can go on Danny DeHeks YouTube and see the video:
youtube.com/watch?v=RXfshrBgHcQ titled Sam lees running his own program his own way.
Is testament of ongoing analysis to what is really truly happening here.
The world is not ready for this much brilliant tech in the crypto space.
But Danny looking into these schemes reveals that for over two years ongoing now there have been rebranding models of overnight switch the database of subscribers which are you and me so called investor.
Since it is uncovered Sam lee left Australia with over fifty million dollars in these schema of things.
Which has left the door open not only for people to come along and duplicate replicate.
But Sam lee literally has YouTube group chats starting and stating everyone gets a platform were gonna launch one persons platform one product at a time five a week until five a day launched!
This is so unreliable based on there has never been a investing platform to take off utilizing this mlm strategy. That’s still operating legally.
Which leads me to Shavez i came to waas a month and half ago with the intention on hearing how the investment works. That was a Friday.
Tuesday i was getting paid and I was willing to zoom meeting more to find out.
Well before tuesday came it was get all excited to bring your downlines to a call where I’m finding out now through all this research they were taking the database of people from previous platforms and literally while they had me on a zoom on that Sunday didn’t make it to payday yet.
They were rug-pulling.
They were playing up the next strategy in your face while behind the scenes taking off with the investment that this website is talking about being the scam.
They were trying to play up everyone’s emotions to get you to purchase a star package.
Selling you something you don’t know what of, how it works, if it’s even a Packaged product at all.
They were selling through these online zoom cult mentality tactics, a chain of events to happen.
In order for the overall vision to pan out. I’m still sold on the vision. But what y’all reading this need to explain to every soul alive is. You’ve been duped right along with me.
Media social media governments platforms are not getting the horse before the cart.
Danny Dehek has been turned down by proper officials out of Australia and New Zealand. Stating they can not do anything yet.
That’s just like the laws of Dubai that prove it their way of mediation is your guilty until proven innocent so it’s a land a stay away from home where these rotten people networked together to hide dealings and strategize the next ploy.
That’s why I’m in here this website.
You can not get your money back once your sold into any vision. You have to realize the California government defrain and desist is temporary.
There are no governments assisting the population globally. That’s not too crap on any one government but not one of them are stepping up.
To say at minimum like youtube must provide a section of category titled whale website whistle blowing then the government every single one of them has individually a team to monitor the behaviors and cries For help!
Please help Please Help Please Help if you try to comment on channels associated with this current waas we are all Satoshi they delete the comments in attempt to ban you from bringing to light what is really going on.
What is really going on is like a soap oprea on television except the social media platforms have pledged to open Pandora’s box to these schemes.
Currently Shavez is leading the people in the database that purchased a miner to mine a new coin called bitcoin code btcc.
These people purchased a miner subscription which you learn through these zoom calls.
For the past month today is October 21st 2023. He has led people to believe that mining the btcc coin is flowing and following the track of the original Bitcoin in 2009.
When in reality he sold a mlm platform with the feel and finish and functionality of all the merging web 3 tech and blockchain security.
When in reality right now as we speak he Shavez is promising just like the Sam lee previous protocols a bonus a win an income from advertising this new process of mining for btcc in the dapp decentralized application.
He’s convinced everyone still spending money to transfer on the so called dapp their mined btcc through mechanism of wallets and exchanges.
But for only to receive a position in the next stages of how far they are willing to take the scam before they take off with the money in the vault reserve.
He’s got them convinced they are competing to win 10,000 dollars weather that’s in crypto or other currencies is where we need the government to step up already.
Not to be idle. To do something. So I took it upon myself to inform through this cellphone writing you the reader.
Do someone a favor and share on the internet the scam revealed by dropping the California link at the top of this page and direct people to the authorities.
If you know Anybody that needs help speaking up and are afraid for sake of their own character.
It’s fine contact the entities in whichever nation you reside. (Ozedit: solicitation removed)
This whole thing is only growing more ugly everyday. Until people worldwide realize the trajectory of what is happening in the crypto space in the mlm space.
Thank you for your time.
This is false.
Found out some interesting news the other day Sam Lee is a shareholder WEWE Global now rebranded to The Blockchain Era.
DAOversal is operating out of the same offices as ViDiLOOK some idiot leading the charge at DAOversal was on a zoom and they had the same wallpaper.
Gobi claims that ShaveZ is going to liquidate the “vault horizon” and give the money back can you believe it.
Sam has been kicked out and I have 138 contact details for the leaders that are running multiple scams under the same umbrella.
I’ve also found out Sam‘s home address, received his phone contacts with all his family, currently are corresponding with the VID 5 they have made millions from promoting these Ponzi schemes I feel like I’m holding the dragons tail.
I just got prospected on this today as Boomerang Waas website is Waas.network.
Oz, Thanks so much for your article and comments!!
according to different channels in telegram and WhatsApp. they hve failed their promise of the 150.000$ flash loans on march 1st, 2024. now postoned to April 5th.
just with the hundreds, if not thousands of careless “investors” in this ponzi since las year, Shavez has made millions $$$ just on the BTC price increase.
he had invited dozens to a meeting in Dubai last month.
Do you know something about SCHAVEZ promoting BOOMERANG FLASH LOANS?
Boomerang Trade yes, not Boomerang Flash Loans.
Haven’t really looked into it but it’s not MLM unless I’m mistaken.
it’s all part of the same scheme:
Given what’s left of WAAS seems to be rebooted every few weeks, I suppose whatever Boomerang Flash Loans is will disappear soon too.
You didn’t even bother to study the system and in this article there were several lies about how the Boomerang system works.
there is no such math that you need to add more new investors to pay the older ones, due to it being a license sales model, The values of the licenses are not used to invest in anything.
it only serves to commission the network, around 15% of the value, the other 85% is the profit of the company that sells the system license, simple, sold licenses earned commission, not sold no won, it is purely a direct sale.
since the operations are real and take place through flash loans, which in the market is known as quick loans, where thousands of transactions are generated, thus returning the transaction fees as profit to the exchanges, as they they live on fees, something completely normal in the world of cryptos.
and the value of the operation is already directly in the user’s MetaMask wallet, which is possible to verify each transaction within the blockchain, this is 100% auditable by any user, there is nothing like a pyramid In this, you are completely wrong!
This Mr. Danny from Hek is completely ridiculous, he hasn’t studied anything about the Boomerang system and keeps defecating through his mouth, the system is completely sustainable.
there is nothing wrong with selling licenses integrated into the multinivel, as only those who sell it win, it’s purely a direct sale of a subscription to a service that the customer is purchasing.
this service is to use the platform and profit from real market operations, as it is possible to audit operations through Blockchain.
against facts there are no arguments, you have no the minimum of plausible arguments and they come out talking nonsense.
all they can say is that it’s ponzi but they have no arguments to prove it, better to keep quiet!
Just going to ignore WAAS being the umpteenth Ponzi reboot since HyperCash? And Sam Lee being convicted for running Ponzi schemes? Rightio…
Sure I did – https://behindmlm.com/mlm-reviews/we-are-all-satoshi-review-sam-lees-3rd-stabledao-ponzi-spinoff/
You invest money into WAAS, most of that is stolen by Lee, Shavez and their friends, and whatever is left is paid out to investors. Obviously nothing is being invested into anything it’s a closed-loop system.
Prove it. Audited financial reports filed with regulators or GTFO.
Fuck the blockchain. All you can see there is money laundering and transaction fraud.
Audited financial reports filed with regulators or GTFO. This is a legal requirement without which WAAS is committing verifiable securities fraud… because it’s a Ponzi scheme.
MLM + securities fraud = Ponzi scheme. Also see regulatory fraud warnings against Lee and his criminal indictment for running Ponzi schemes.
Sorry for your loss.