My BlockX US bagholders offloading BLKX onto Colombians
My BlockX is a continuation of the securities fraud started with My Blockchain Life.
BehindMLM last revisited My Blockchain Life, noting the launch of a BlockX Trading AI bot opportunity.
After publication we had salty US BLKX bagholders pop up in the comments of that article, but as a business opportunity My BlockX was dead.
That changed a few months ago, when someone in My BlockX found an inroad into Colombia.
My Blockchain Life was originally headed up by Glenn Williams.
Williams spent most of 2020 and 2021 posting anti-vaxxer memes on FaceBook. He died of COVID-19 in October 2021.
Someone is still obviously running My BlockX and Jeremie Sowerby is a name that keeps popping up.
I haven’t been able to personally verify Sowerby’s ownership of My BlockX.
If Sowerby (right) is running My BlockX, he’s keeping a low profile. Understandable given his long history of MLM crypto fraud.
Sowerby is best known as the owner and CEO of Dunamis Mining.
Dunamis Mining was an MLM crypto “mining” themed Ponzi launched in early 2019.
A few months after launch, Sowerby put BitClub Network scammer Joe Abel in charge and rebranded as Dunamis Global Tech.
Dunamis Global Tech collapsed by the end of 2019. Sowerby sold the affiliate investor base off to Travis Bott’s Onyx Lifestyle Ponzi.
My Blockchain Life launched a few months later in mid 2020. I suspect Sowerby’s close proximity to Joe Abel is why he’s keeping a low profile.
In a nutshell, My BlockX’s offering is two tiers of securities fraud; a staking investment scheme and an auto trading bot.
The staking investment scheme sees My BlockX affiliates invest at least $2500 worth of bitcoin in BLKX tokens.
BLKX is a worthless ERC-20 token created by My BlockX. ERC-20 tokens can be created in a few minutes at little to no cost.
Once invested in, BLKX tokens are parked with My BlockX on the promise of up to 42% annual ROI:
Returns are paid in BLKX, which My BlockX offers to convert to “another crypto”.
All My BlockX does on the backend is recycle previously invested crypto to cover these withdrawal requests. Hence the Ponzi scheme.
My BlockX refers to its automated trading bot scheme as “Limitless Trading Engine”.
To access Limitless Trading Engine, My BlockX affiliate have to first invest at least $2500 into the staking investment scheme.
My BlockX pitches an additional 580% annual ROI through Limitless Trading Engine:
Limitless Trading Engine is the usual trading bot ruse every MLM crypto Ponzi uses:
Our AI uses proprietary automated software that can identify split-second opportunities within the market to Buy and Sell that humans couldn’t possibly execute.
The Limitless engine makes the right moves, at the right times, with the right amounts, with the right assets, completely automated so you’ll never have to think about it.
Instead of registering with financial regulators and legally required audited financial reports, My BlockX offers up this nonsense:
On top of having $2500 locked up in BLKX staking, My BlockX charges up to $9997 annually for Limitless Trading Engine access:
- Starter Plan – $2497 a year, $10,000 trading account cap
- Growth Plan – $4997 a year, $50,000 trading account cap and “increased profit”
- Unlimited Plan – $9997 a year, no trading account cap and “maximise(d) profitability”
You know the drill; “but they can’t touch our money!” –> bot blows up or “technical problems” –> sorry for your loss.
One thing My BlockX doesn’t provide is any information on their MLM opportunity. I suspect they’re still using the old My Blockchain Life compensation plan – tweaked for BLKX investment and trading bot fees.
In any event My BlockX are, at a minimum, committing securities fraud. MLM and securities fraud lends itself to a Ponzi scheme.
Further evidence of this is the fact My BlockX has no verifiable source of external revenue being used to pay withdrawals.
On that point, after scamming mostly US investors, My BlockX was relatively dead until a few months ago.
As tracked by SimilarWeb, Colombia now makes up 95% of traffic to My BlockX’s website – and it’s on the rise.
In terms of money flow, this is My BlockX’s US BLKX bagholders offloading to new gullible Colombian investors.
My BlockX functions as internal exchange attached to two fraudulent investment schemes, through which these BLKX transfers happen.
Colombia has emerged as a hotbed of MLM related securities fraud throughout 2022. It appears local authorities have given up trying to regulate Ponzi schemes, most of which are operated from other countries.
In the case of My BlockX, both Glen Williams and Jeremie Sowerby were/are Canadian residents.
Jeremie Sowerby is scamming hundreds of people if not thousands, this man uses the merit of other investors his conned with good stories to intise people to invest as much as possible.
He is a known con artist STAY AWAY FROM HIM.
Also he is working closely with Craig Casey from the UK and Carol Storms from Canada. They are his minions who get paid to bring investors in.
Anyone who askes questions in his discord are hit with “positive vibes” and are removed.
Be very very careful with this Jeremie Sowerby, He is using the same business strategy that MyTraderCoin used which was to hit churchs and convince them to invest in passive income that will make them rich!
This guy and his minions are the biggest crooks walking this earth.
If anyone is wondering who their “”Walter White” is look no further than a kid named Matthew.
He is the one behind the “trading algorithm” that is a complete sham. The “algorithm” is nothing but a method that is used on YouTube and isn’t even proprietary.
Jeremie/Carol Storms/ Craig Casey are all peddling crap and they all 3 know it is crap.
Jeremie uses his money that he has stolen to purchases fancy apartments and cars for himself and he also pays for people like Carol to have a nice car and home.
From what I saw in their mining facility Jeremie has stolen machines, probably from Dunamis and is stripping them and rebuilding them to make it seem “new” but it is far from new.
He will shut things down so he can steal from people’s wallets through the mining and has people like Matthew “create” crap so that he can sell snake oil and have his people Carol Storms and Craig Casey sell to their neck of the woods
It is a crying shame that poor people such as myself and many others would trust a man who acts godly and people like Carol act just as bad to sell you garbage.
Shame on all of them and I hope they do the right thing and give back the $44,000,000 they stole from the sales of the miners and the deposits of the trading algorithm
If you’ve deposited into this trading algorithm and tried to pull your money out you’d know it’s quite impossible.. why is that? It’s because the wallet address that you use to deposit your money as taken in over $44,000,000 and now holds less than $2,000
YES!!! Holds less than $2,000 now. They will say it’s Liquidity Providers fault but that is so far from the truth. If that were true then the funds wouldn’t have traveled the way they have
People like Jeremie and Carol have stolen your money !!!
^^^All correct, don’t forget to add Sammy Al Rajhi to his list of minions. Sammy gets paid massive amounts to help lure investors in and then plays dumb. He’s just as guilty.
^^^ Don S,
Yes ABSOLUTLY!! Him and his “brother” Gabriel are just as bad!!
Sammy I only interacted with a couple of times but he was a bad actor too.
What was your experience with Sammy?
Does anyone know the wallet address that was used to fund this joker? I am tracking.