Holton Buggs appears to have sold what’s left of iBuumerang to Risen Live.

While Buggs began appearing in Risen Live marketing material in early October…

…Buggs waited till October 20th to break the news on an iBuumerang marketing webinar.

[33:54] What we decided to do, is iBuumerang now is deciding to partner and merge, as one total family, with a brand new beginning of Risen Live.

If you haven’t heard of Risen Live you’re not alone. I don’t mean that as a slight, I’d genuinely never heard of the company until researching for this article.

Risen Live is headed up by CEO Hatem Sherien (right), an Egyptian national based out of Dubai.

Sherien was appointed Vice President of Dubli in December 2018.

Dubli, aka Ominto, was an ecommerce MLM pyramid scheme that collapsed in 2022.

After Dubli Sherien signed up to promote the Riseoo ecommerce MLM pyramid scheme.

Risoo’s website is still online but, based on its social media profiles being abandoned, appears to have collapsed towards the end of 2023.

This brings us to Risen Live’s launch in early to mid 2024:

Risen Live markets clothes, personal care products and Elevate branded supplements.

Risen Live’s MLM opportunity primarily targets Egypt but, by all accounts, appears to have flopped.

SimilarWeb tracked just 403 monthly visits to Risen Live’s website for October 2025, all of which originated from Egypt.

This tracks with iBuumerang being dead, such to the extent Buggs selling it off is being referred to as a “resurrection”:

iBuumerang launched in 2019 as a discounted travel MLM company. A forex trading scheme named Ellev8 was later added, prompting a fraud warning from New Zealand’s Financial Markets Authority.

If I had to mark iBuumerang’s decline, it’d be circa 2022 with Buggs’ launch of Meta Bounty Hunters.

Although he’d been trying to get into crypto fraud since 2018, Meta Bounty Hunters marked Buggs’ full-blown transition to MLM crypto Ponzi fraudster.

Buggs’ shift in focus saw him pillage iBuumerang to feed his Ponzi addiction. As Meta Bounty Hunters was collapsing, Buggs launched a Meta Bounty Huntresses sequel in late 2022.

Both of Buggs’ Meta Bounty Ponzi schemes collapsed in February 2023.

In addition to his own MLM crypto Ponzi schemes, Buggs emerged as a top promoter of The Traders Domain Ponzi scheme in early 2023.

Buggs is believed to have been feeding Meta Bounty Hunter and Meta Bounty Huntress investor funds into The Traders Domain.

A database leak in June 2023 revealed Buggs had purportedly stole over $125 million through The Traders Domain.

The same leaked database pegged The Traders Domain Ponzi losses at $3.3 billion. Meta Bounty Hunters and Meta Bounty Huntresses losses are unknown. Ditto how much iBuumerang promoters Buggs lured into the Ponzi schemes lost.

Buggs was named as a defendant in an October 2024 CFTC lawsuit targeting The Traders Domain scammers.

The CFTC revealed Buggs personally recruited “at least 517” investors, who together invested “no less than $54 million” into The Traders Domain.

By this stage the damage to iBuumerang was irreversible. iBuumerang disabled promoter withdrawals in May 2025.

Financial details of iBuumerang’s apparent sale to Risen Live have not been disclosed. What we do know is Bugg is likely strapped for cash.

After his shameless “I knew nothing!” defense failed, Buggs consented to a The Traders Domain preliminary injunction in January 2025.

Under the terms of the injunction, Holton Buggs’ assets were frozen. Buggs was also ordered to cooperate with the The Traders Domain Receiver. This followed Buggs being sanctioned for non-cooperation in December 2024.

Defendant Buggs refused to provide information regarding his assets as required by the Court’s orders, and he refused the Receiver’s attempts to depose him regarding his assets.

By June 2025, Buggs has surrendered a considerable amount of assets to The Traders Domain Receivership.

A Fifth Status Report from The Traders Domain Receiver, filed on October 28th, provides a dollar amount list of assets recovered from Buggs:

Buggs’ Houston Texas home, which the Receiver has a $1 million lien on, is going to auction with a $4 to 6$ million starting bid range next month:

On November 4th the Receiver filed a motion seeking to expand Receivership, “to include certain entities related to” The Traders Domain.

When asked what they thought of the pending motion,

Counsel for Mr. Holton Buggs did not state a position.

By November 19th Buggs’ had taken a position, opposing the Receiver’s motion alongside several of his co-defendants.

I can understand why Buggs’ co-defendants opposed the motion, given entities they owned were cited in the Receiver’s motion. Curiously though, the Receiver didn’t name any entities owned or tied to Buggs.

Perhaps Buggs is anticipating the Receiver tying iBuumerang and/or related assets used to comingle The Traders Domain funds through?

Any such action by the Receiver would obviously jeopardize Buggs’ new business venture in Dubai. Perhaps more the point, dampen plans Buggs might have had to offshore assets out of reach of US courts.

I can’t say for sure if any of that is or has happened. Buggs suddenly cozying up to a dead MLM company halfway across the world does strike me as odd though.

It might also explain why iBuumerang being sold to Risen Live is being pitched as a “merger”.

In selling iBuumerang to Risen Live, Buggs will surrender his iBuumerang CEO position. Instead, Buggs is now Risen Live’s Chairman of the Board.

Financial specifics tied to this position are unknown. Also unknown is whether, as Chairman of the Board of a Dubai-based company, Buggs will remain in the US.

As one excited Risen Live promoter stated on the previously cited October webinar;

[1:00:21] Ever since news broke that Holton Buggs is coming to [the] Middle East, everything has changed and explode[d].

Buggs is making an appearance at a Risen Live “The Zone” marketing event in Egypt sometime this month.

Some immediate red flags that struck me whilst going over Risen Live’s website were:

  • failure to provide company ownership and executive details;
  • failure to provide consumers with compensation details; and
  • no corporate address provided

Without compensation plan disclosure BehindMLM can’t publish a Risen Live review. Risen Live’s disclosure failures means, perhaps intentionally, consumers are unable to make an informed decision about the company.

While I can’t definitively identify fraud with Risen Live’s MLM opportunity pending remedy of its disclosure failures, that the company has ties to Dubai raises an immediate red flag.

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.

BehindMLM’s guidelines for Dubai are:

  1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
  2. If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

Again, based on what Risen Live has chosen to withhold, I can’t make a call on whether its compensation plan is legitimate. Outside of that though, there’s still certainly enough questions for consumers to ponder.

Pending any further updates, we’ll keep you posted.