A new report from the Daily Mail has confirmed John Barksdale remains in custody while authorities investigate. Barksdale was arrested in connection with his Ormeus Global Ponzi scheme.
Ormeus Global @ BehindMLM
Authorities in Thailand have arrested serial scammer John Barksdale. Barksdale is primarily known as the owner of the collapsed Ormeus Global Ponzi scheme. Barksdale was arrested in Bo Put, Samui District, on a Bangkok warrant back on July 8th.
Trying to track the current status of whatever company is fronting the Ormeus Coin scam, reveals a convoluted mess of shell companies. Here’s what I’ve been able to piece together.
According to local news reports, serial-scammer Joseph Tran has been arrested by Swedish authorities. Tran’s arrest is believed to be in connection with his promotion and participation in a number of fraudulent MLM companies.
Ormeus Global emerged as a faceless company in mid 2017. In our published Ormeus Global review, our research revealed the company was John Barksdale jumping on the MLM cryptocurrency bandwagon. Ormeus Global had no retailable products or services. Its affiliates invested funds into B2X89, a “bot trader” that Ormeus Global marketed a 160% ROI through. [Continue reading…]
Disturbing footage of Holton Buggs evicting an attendee at an IQ Chain event in Turkey has emerged. In the footage Holton Buggs trashes Ted Nuyten and BusinessForHome, makes excuses for Ormeus Global investor losses, claims he knows nothing about coffee or cryptocurrency, and ultimately refuses to answer hard-hitting questions about his new gig, IQ Chain.
About a month ago Organo Gold announced a partnership agreement with Digital Skynet. The partnership agreement will see the launch of an as of yet unnamed joint-venture between the two companies. Also part of the agreement, and what caught the attention of many, was Holton Buggs appointment as ‘executive advisor to Digital SkyNet’s ‘Ormeus’ subsidiary [Continue reading…]
Ormeus Global launched last year as a trading bot 160% ROI Ponzi scheme. As MLM cryptocurrency schemes are want to do, Ormeus Global also launched its own pump and dump altcoin. Ormeus Coin began public trading around October, 2017. After pumping at around five dollars in late November, Ormeus Coin dumped to just over a [Continue reading…]
Within hours of publishing yesterday’s article quoting a recent Ormeus Global marketing pitch by Troy Rejda, we received a legal threat from Mark Pooser. Pooser claimed our quoting a marketing pitch by a third-party that in turn claimed to quote him was somehow slanderous on our part. Naturally we disagreed and suggested he ask Troy [Continue reading…]
Whereas the cryptocurrency market has more or less been in a slump since January, Ormeus Global’s ORME altcoin is currently pumping. This isn’t that unusual, as MLM altcoins can be insulated from natural market activity via new investment tied to new affiliate recruitment. What’s disturbing however is how affiliates are using ORME’s current value to [Continue reading…]