Mavie Global’s Ultron Ponzi scheme collapses
Mavie Global’s original Ponzi scheme, built around Ultron and ULX tokens, has collapsed.
As per a communication sent out to Mavie Global investors, new Ultron Ponzi scheme investment will cease from June 30th.
It’s expected ROI payments attached to Ultron staking investment, if they haven’t already, will cease shortly after.
NFTs attached to Ultron investment positions will be dumped on Mavie Global affiliates from August 29th. This is being phrased as an opportunity for affiliates to sell the NFTs.
Left unsaid is the entire NFT market collapsed over year ago. Notwithstanding there being even less of a market for worthless Ponzi NFTs.
Mavie Global’s Ultron Ponzi scheme launched in 2022. Consumers were pitched on investments of up to 300,000 USDT, on the promise of passive returns paid for five years.
Mavie Global has barely scraped through to half of the promised ROI period.
The reason for the Ultron/ULX token Ponzi collapse is a steady decline in investor recruitment.
As tracked by SimilarWeb, Mavie Global website traffic has declined over the past year. Between April and May 2024 alone Mavie Global website traffic plummeted 35%.
Outside of Russia (35% of traffic), Korea (7% of traffic) and the UK (7% of traffic), there isn’t much going on.
In an attempt to entice new investors, Mavie Global has rushed out several Ponzi reboots over the past year:
Reflected in the frequency of Mavie Global’s reboots increasing is the lack of new investors. Without new investors, the next logical step is to shutter Mavie Global’s original Ultron Ponzi.
Without new investors, Mavie Global’s reboot Ponzis above will eventually follow.
Instead of being honest about this, on a June 25th Mavie Global company call, owner and CEO Michal Prazenica blamed Ultron’s collapse on fictional upcoming regulation.
We are giving power to the community by all of these great things and also we are protecting the community by staying compliant with every regulation that is coming.
The regulations means the rules for the market. The set of rules, what is possible to do and what is not possible to do.
This is coming right now.
There are no “regulations coming” with respect to Mavie Global’s past, present and continued securities fraud. Securities laws are established in every country with a regulated financial market and have been for decades.
Neither Mavie Global or any of its spinoffs are registered to offer securities in any jurisdiction.
This is reflected in recent Mavie Global fraud warnings from Canada and New Zealand. Mavie Global is also harboring at least one fugitive wanted by US authorities.
Prazenica, originally from Europe, fled to Dubai to set Mavie Global and Ultron up.
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:
- If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
- If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.
Update 27th June 2024 – Russia has issued a Mavie Global pyramid fraud warning.
I would like to say that this article is not correct. There are new laws becoming active in Europe called MiCA. (Ozedit: snip, see below)
MiCA has nothing to do with securities law and securities regulation. Besides, you think a scam openly committing securities fraud from Dubai and harboring wanted fugitives gives a crap about MiCA?
Notwithstanding MiCA came into effect this month, Mavie Global’s citation of MiCA is just a convenient excuse to collapse Ultron and eventually stop paying out.
Stop regurgitating Ponzi marketing and spreading misinformation in the process.
It’s incredible that my original post has been deleted.
It hasn’t. If you’re too fucking stupid to argue your point and just want to spam a link with no explanation, spam-bin.
I’ve told you MiCA has nothing to do with securities law and regulation. Spamming the same fucking “this is what MiCA is” link with no text doesn’t change that. If anything it confirms it.
I get you’ve got to be dumb as dogshit to fall for something like Mavie Global but by the same token BehindMLM isn’t daycare for dumbasses.
Michael Prazenica cEO but also a puppet of the following:
Klemen Nicoletti, scammer and master mind of Mavie
John Barksdale, investor and creator
Jure Ristic, real COO and guy at the wheels of the scam
I traced Mavie Global & Ultron’s foundings to the failed Givvo Ponzi, which as far as I know Barksdale wasn’t involved in.
If you’re going to claim Barksdale is the creator of Mavie Global you’re going to have to provide evidence. Barksdale only turned up in Dubai after his US indictment.
Oz, would you be able to share the communication that was sent out to the Mavie investors?
The MiCA excuse? It was a corporate webinar: streamable.com/g245mj
Prazenica’s lies about regulations and Ultron collapsing etc. begin at around [47:00].
I didn’t link it in our article as Mavie Global said it’d be deleted within 48 hrs. It’s been longer than that now but the link is still available. I imagine the stream will be deleted at some point (hide incriminating evidence).
Thanks for sharing! It is indeed still available.
In the telegram groups it is still business as usual, being excited about the finup scam and urging people not to miss this great opportunity…