Kuvera palms off Ponzi losses to Westmyn & Travis Bott
Rather than take responsibility for investor losses, Kuvera Global has palmed them off to Westmyn.
Westmyn in turn is tied to the recently busted BitClub Network Ponzi scheme.
And linking all of this together is Travis Bott.
Kuvera Global is owned by Investview, an SEC registered company. We’ve been pointing out their flaunting of securities law for years.
What we’re looking at today is Kuvera Global’s cloud mining investment opportunity.
Launched in 2018, Kuvera Global offered “guaranteed” cryptocurrency mining contracts until late 2018.
At the time Kuvera Global blamed “a recent drop in the value of Ethereum” for the collapse.
That same month BitClub Network also collapsed and stopped paying out.
We’ll get to why that’s significant shortly.
Since the collapse of its purported mining operations, Kuvera Global has continued securities fraud with Crypto One, Equities and Equities Pro, cryptocurrency mining, tech startup investment service and Apex.
Up until recently, investors in Kuvera Global’s original cloud mining operates have been quietly swept under the carpet.
A recent communication to Kuvera Global affiliates however reveals
the hosting services for purchasers of mining equipment were provided via your individual agreement with the company Westmyn LLC, who contracted with the mining service provider in Romania.
Westmyn is owned by Travis Bott, which we learned when the CFTC fined Kuvera Global $150,000 back in 2018.
The Romanian service provider is none other than Silviu Catalin Balaci.
Balaci (right) was recently arrested in connection to BitClub Network, which the DOJ alleges was a $722 million dollar Ponzi scheme.
Kuvera Global states it reached out to Westmyn but has “not yet received any answers”.
In Summary:
Your hosting agreement is with Westmyn LLC.
Westmyn LLC contracted with the mining service provider in Romania, Silviu Catalin Balaci.
Silviu Catalin Balaci has been arrested in connection with the BitClub Network indictment.
We sent a formal communication to Westmyn LLC to provide us the status of the mining hardware and have not yet received an answer.
We are concerned that Westmyn LLC may be unable to access the mining equipment and get mining operations turned back on.
As the sales provider of the hardware, and also purchasers and participants in the mining, we are exploring a variety of options to get some sort of remuneration for the hardware.
We will provide updates as soon as we have them.
While Kuvera Global’s communication babbles on about mining hardware, it’s important to note the following:
- Kuvera Global solicited investment into a passive investment opportunity Investview failed to disclose to the SEC
- Kuvera Global funneled investor funds into Westmyn
- Travis Bott, owner of Westmyn, claims he spent that money to purchase mining hardware from Silviu Balaci
- Balaci was just arrested for scamming people through BitClub Network
- BitClub Network also claimed to be generating mining revenue through purchased hardware, but in reality was just recycling investor funds to pay returns
The reason Westmyn and Bott have ghosted Kuvera Global is… brace yourselves, there is no mining hardware to recover.
BitClub Network was a Ponzi scheme and so was Kuvera Global’s cloud mining opportunity.
One can argue the buck stops with Kuvera Global as the initial solicitor of investment, or Westmyn and Travis Bott for taking that money and laundering it through Balaci’s Romanian Ponzi operations.
Either way, investors were screwed and to date US authorities haven’t done anything.
As previously stated, Kuvera Global are still out there pushing unregistered securities.
Travis Bott has also moved on. He’s now pushing unregistered securities through Onyx Lifestyle.
In late 2019 Dunamis Global collapsed. Shortly after the collapse, Onyx Lifestyle and Travis Bott announced Dunamis Global was being merged with Onyx Lifestyle.
Dunamis Global was another MLM crypto mining scheme (seeing the pattern yet?), founded by Joe Abel.
Joe Abel was part of BitClub Network and was also arrested in December.
Travis Bott, who like Kuvera Global also has a history of securities fraud, remains at large. His current status and whereabouts are unknown.
After almost a year and a half, sure makes you wonder why Kuvera hasn’t sued Westmyn and Bott yet.
*winkwink nudgenudge*
I live in the UK and myself personally has £15,000 invested in the Kuvera mining.
I along with many others have these mining contracts and sadly have recommended others to Kuvera.
We have all left Kuvera as within a few months I started to see how ruthless and dishonest they are and recommended that we all leave.
My concern is how can they keep getting away with this???
In the UK they would be shut down and the owners jailed..
There is a video where Ryan Smith one of the directors of Kuvera is showing people around the Mining facilities in Romania..
I can collate a list of all the people we know who have been affected by this??
If it helps your aims….
I know all the top leaders from the UK very well who were building Kuvera so it wouldn’t be too hard to get evidence..
Disgusted!
this company sucks, big time, this is the latest in what has been a long list of lies and failures. It is time they started looking after their customers instead of claiming to be victims themselves.
Their so called leaders prance about on social media in private jets and sportscars displaying their wealth that was created off the backs of customers losing money and life savings. Total crap and BS and its time the authorities took action.
If you watch Ryan Smith in this youtube video he gives a very clear impression that Kuvera own their mining facility, very different to what is now being sent out by email distancing themselves and putting blame onto others.
This has a way to go yet and sadly it looks like a lot of people will be left out of pocket due to the lies they were told by Ryan Smith and Kuvera.
Watch the video and judge for yourself….. youtu.be/o_3_Gzz3obo
I wish.
More likely that inActionFraud might bother to start a file that no-one reads.
That would be an interesting list.
This is some crazy shit. Crazy shit. One disappointment after another. No honor.
When will these people who take up such a grand task man up and be forthcoming and righteous and work hard very hard at it working in the right; when will we have our regulators fully focus in and all “hands on” get involved to bring order in this confused and lawless space where borderline to shady personalities find sanctuary Clown personalities with no or very little character strength or even dignity?
Wonderful article again from the editor (mr oz) in 1. Exposing the wrong and wrong doings and wrong doers so they can maybe learn and cease this destructive pattern and 2. Connecting these dots.
I have not doubt that the information and these connections “coincidences” (for those in the wrong) is credible and mostly or entirely accurate I witnessing these latest events and those involved and the approximates of the timings of all of this.
It’s imperative and very important that the DOJ REALLY makes a statement and grounds a heavy enforcement of justice starting from this Bitclub episode. And again to muster everyone that contributed in big ways from the side which gave BITCLUB the wind to continue longer than it could of creating a bigger damage over a sustained period of years. T
he Heist became bigger the con became Billions instead.
There is only one place where this organization can source the hardware that can save them and it’s not something that will be easily available for them one, and even then the technology won’t or can’t be ready for deployment until 2021.
Anything else is the unsustainable ASICS framework. In other words, as Oz rightly states, “IT NEVER EXISTED”.
But sales flew off the shelves. What was being sold were just that “CONTRACTS” in thin air.
Crazy shit. The way they spin the Mlm spin on people blows my mind still and keep getting away with it one more time.
Armen
Ponzi scheme dominoes are collapsing in chain-reaction manner.
What’s next, Mining City and Mine Best?.. Anything else?
PS.
Darren Little, Ari Maccabi?..
With regards to your comment, “His current status and whereabouts are unknown.”
We know where Travis Bott is. His office is in Lehi, Utah. He lives in Highland, Utah. He drives a black truck.
He was recently reported to the police for forgery. He was also reported to the FBI regarding his Ponzi Scheme. We hope he will be brought to justice.
There is a website called (Ozedit: url removed) people can view if they are victims.
Onyx Lifestyle appears to be ghosted, but don’t worry, if you really wanted to give this guy your money you still can!
Now in a close relationship to Well Beyond, together actively promoting his latest scam, node hardware that his company will lease back from you for $32 a week!
Wow. That’s amazing, right? Plus this device is insured, so you basically have a guarantee to get your money back. YES!
Why does this sound so familiar…. I buy equipment and Bott’s company leases it back? Because it’s A-rated insured, i get a nice payout in 5 years! And I don’t even have to take delivery!
So cool. Now wasn’t there another Travis Bott scam like this before… hmmm…
https://behindmlm.com/companies/kuvera-globals-individual-gpu-mining-lie-exposed-same-old-cloud-mining/
One thing you need to correct. Dunamis Global Tech was founded by Jeremie Sowerby. Joe was not an owner. He was a member.
Here’s a video on Joe Abel’s YouTube channel, featuring Joe Abel, in which one of his fellow scammers credits Joe Abel as founder of Dunamis Mining:
youtu.be/3Fc19vfDqh8?t=106
No need to rewrite history.