Nui @ BehindMLM

Nui CEO Darren Olayan has taken to Facebook to claim the securities regulations behind a recently served cease and desist don’t exist. Texas issued Olayan, Nui, Mintage Mining and Symatri with a securities fraud cease and desist on July 11th. At a corporate level Nui has vowed to “vigorously defend” Texas’ alleged securities fraud violations, [Continue reading…]

Although we’d caught wind of it a day before, yesterday Nui published it’s official response to the Texas cease and desist. Following months of assurances that Nui, Mintage Mining, Symatri and the Kala altcoin had been signed off on by “top law firms in the US”, Texas issued the company with a securities fraud cease [Continue reading…]

Despite reassurances by Nui that their Kala altcoin and Mintage Mining have “stability and protection with the SEC“, a US securities regulator has issued the company with a cease and desist.

For the past few months Mintage Mining and their affiliates have heavily marketing their passive mining ROI opportunity as being SEC compliant. Then there was the whole Jones Day SEC lawyers nonsense, despite the SEC using in-house counsel in its regulatory lawsuits. As good a sign as any the SEC is asleep at the wheel when [Continue reading…]

Despite US regulators cracking down on MLM cryptocurrency mining opportunities recently, Nui affiliates maintain their unregistered securities offering is legal. This assertion is not based on US securities law or enforcement of it, but rather Nui’s legal representation in the US.

As part of continued efforts to mislead potential investors on MLM cryptocurrency offerings and US securities law, in an April 23rd blog article Nui claim its Kala altcoin has “increased stability and protection with the SEC”. In a nutshell, Nui’s entry into the cryptocurrency MLM niche spans Symatri, Kala and Mintage Mining. Nui runs Symatri, which is essentially [Continue reading…]

Mintage Mining is purportedly a partnership between David Childs (cited as owner of the company) and Darren Olayan, CEO of Nui. BehindMLM reviewed Mintage Mining last December. We came to the conclusion that, at best the cloud mining business model would constitute a securities offering. The lack of registration with the SEC at the time [Continue reading…]

Mintage Mining popped up on my radar a few weeks ago as part of Nui. According to the Mintage Mining website, the company is a collaborative crypto mining platform that brings cryptocurrency enthusiasts together to mine the most current and profitable coin available each week. Mintage Mining provide no information on their website about who [Continue reading…]

It appears former Divvee management struggle with the concept of simplicity. First the company offered access to discounts. Then it became a promotional platform. Then they were going to offer Ryze AI ROIs. Then they merged with Hodo Global into Nui. Then Nui announced it wasn’t partnering with Ryze AI. Then they were going to [Continue reading…]

Divvee’s original launch in mid 2016 saw the company charge $9.95 a month for access to discounts. When that business model flopped Divvee introduced “Rank & Share” in late 2016, a platform that combined promotion and recruitment commissions. Rank & Share was a key component of Divvee’s MLM opportunity until a few months ago. In [Continue reading…]