Nugen Universe demands affiliates hide Nugen Coin fraud
Seemingly in response to BehindMLM’s coverage of Nugen Universe, the Ponzi scheme has demanded affiliates immediately delete incriminating evidence.
BehindMLM reported on Nugen Universe on June 27th. In our article, we blew the lid on Nugen Universe’s plans to license a bank in the US and continue to commit securities fraud.
This appears to have set off alarm bells at Nugen Universe, who responded by updating their affiliate Terms and Conditions.
Any and all advertisements for the company are strictly prohibited without prior written approval of the Company.
This includes, but is not limited to, all public/social media forums and network such as YouTube, FaceBook, Instagram, Linked-In, Twitter, etc.
Should any harm arise to the company due to the violation of the above terms, the company reserves the right to legal remedy and by checking the box below, the member understands and agrees to these terms and conditions and agrees to pay legal fees for both parties arising from any harm done to the company.
Member also agrees to remove any existing posts, videos, etc. that have not been previously approved.
Any violation of this agreement may cause your account to be locked and member may forfeit some or all of this or her benefits.
Nugen Universe makes an exception for “corporate sponsored webinars and conference calls”, which they state “may freely be shared”.
It is assumed that Nugen Universe’s securities fraud and Ponzi scheme won’t be discussed on these webinars and calls.
From a regulatory standpoint, securities fraud can’t be undone. Hidden securities fraud is still securities fraud.
Nugen Universe co-founders Fazil Mohamed Jabar (right) and John Austin are based out of Florida and North Carolina respectively.
SimilarWeb pegs 90%+ of website traffic to Nugen Universe’s website as originating from the US.
Should US authorities investigate Nugen Coin, hiding securities and wire fraud lends itself to criminal conspiracy charges. That’s on top of civil securities fraud charges.
Update 1st February 2023 – Nugen Coin has collapsed.
I don’t know if this has been said but my mom is strongly supporting Nugen coin and supposedly the CEO left and they haven’t given an explanation.
Also something very important that could count as a security risk would be that if you check your Nugen profile, it lists a ton of things about the account but one of those things includes an IP address.
I checked if it was ours and it wasn’t.
I don’t know where to send this but yeah, I wish my mom listened to my reasons to why she should stop but she’s been brainwashed to believe she will get tons of money from Nugen.
If John Austin walked from NugenCoin this is the first I’m hearing it. Do you have any hard confirmation?
I don’t have any hard confirmation. All I know is that the person that told my mom about the coin has contact with people from the company (or something like that) and they told her that the CEO left and their daughter or someone related hasn’t given a response.
They also have been currently changing the website and it hasn’t let anyone log in.
Again, I don’t have and evidence to support my claims other than my word but I can try to maybe screenshot certain things that you might want to see and upload or link them here.
As for the CEO leaving, they haven’t talked about that at all for a week now so I don’t know what might’ve happened there.
Thanks. Summed up sounds fishy but without confirmation I’ll wait to see how this plays out I guess.
Fazil stole John’s hard work and ideas basically by star another company… John left because he pissed… ofc…
I’m sure it had nothing to do with the Ponzi scheme collapsing.
Honestly, Both and or any involved at the top of that inner circle should be held liable. The two mentioned should be definitely followed.
Mr. Austin is not in North Carolina, he is originally from Utah and has resided in the Philippines. Last address of Faz is: (Ozedit: removed)
Austin relocating to the Philippines before going full crypto Ponzi bro makes sense. He conveniently didn’t update his socials.
I would kindly appreciate it if you would remove me from this thread. I am not affiliated with Nugen Universe and my name has never been listed on any of the corporate filings as an owner.
William Helms, Fazil Jabar, Bibi Larson and somebody by the last name of Khan are the only ones that I am aware of that were ever listed as owners.
At one time, listings for Nugen Universe LLC were available on both the North Carolina and Florida business registries.
I believe William Helms was the owner of the North Carolina company and Fazil Jabar, Bibi Larson and Khan the owners of the Florida LLC, but I see Fazil has made the listing in Florida private so I can no longer see it.
I am not currently and never have been a resident of North Carolina. The only time I have ever been to North Carolina is when I graduated from boot camp in South Carolina and was was being transferred to Fort Eustice VA in 1976.
I am a legal resident of the Philippines for the past ten years. I have a Filipino wife and two young children. I do my best to live a moral and responsible life without hurting others.
Fazil used me, my name and my contacts and then scammed me out of $734,000 that I personally invested in Nugen coin.
I am a victim like everyone else and I have been trying to take the fraudster down. Being labeled as his accomplice does not help me do that.
I am open to discussion and sharing information on this subject because the likes of Fazil needs to be behind bars.
He continues his scams to this day and must be stopped! I am even open to a phone interview if you want to hear my story.
You’re not a victim John. You’re a co-conspirator in a Ponzi scheme that defrauded consumers out of millions of dollars.
You want to make things right? Contact the SEC and tell them everything you know. Don’t come on here trying to minimize your role in a fraudulent investment scheme.
North Carolina was from your LinkedIn profile. I don’t know why you lied about your location and quite frankly it doesn’t matter.
This Nugencoin fiasco is an ongoing day to day regrettable experience we were told that we can start withdrawing 09/20/2023 but given no directions as to how to get that accomplished, the communications are vague and everyone company that has partnered with Nugen seem to disappear everytime.
now Fazil’s last threat was towards all the members who money he has that if we say anything bad about the company that we will be persecuted to the full extent.
how is he going to accomplish this will be as “Feat” I would like to see him as appear in a court of law explaining that the members are defaming his Ponzi.
Oz, I would like to know who made you the accuser, the judge, the jury and the executioner? I don’t know who told you that I enriched myself at the expense of others, or how my address was listed as North Carolina, but I didn’t do either.
A people search of my name lists a number of addresses where I have never lived or even been.
I have always been transparent about my whereabouts and have always remained in the public view, simply because I have never taken a dime from the people you accuse me of hurting and I have nothing to hide. (Ozedit: derails removed)
Nobody. You committed securities fraud by running a Ponzi scheme. Securities fraud is illegal as per the Securities and Exchange Act.
If you have a problem with US law take it up with US lawmakers.
You ran a Ponzi scheme.
You ran a Ponzi scheme.
What’s next in this fiasco?
now that Fazil has met his maker, isn’t Fazil’s sister going to keep the company running and “maybe” return our money?
Regardless of who’s running them, Ponzi schemes are a one-way street.
what about the other Co-owners, William Helms, Bibi Larson & Khan? Aren’t they liable and responsible for our money?
Sorry Sandra, the only one responsible for your money is you and you abandoned that responsibility when you handed it over to a shabby online ponzi scam.
I am sorry for your loss but due diligence first invest later, always.
You’re under the false impression that the people who stole your money have any intention of giving it back. Again, that’s not how Ponzi schemes work.
but this might not be a Ponzi….
Obvious Ponzi is obvious. Sorry for your loss.
No action law suite for these people with this coins?
Nobody is going to file a civil lawsuit on behalf of Ponzi coin bagholders. At the same time Ponzi coin bagholders appear to all be sitting around asking why nobody is filing a lawsuit.