Success Factory pyramid scheme warning from Russia
Success Factory has received a pyramid scheme warning from the Central Bank of Russia.
As per the Central Bank’s August 31st warning, Success Factory exhibits “signs of a pyramid scheme”.
Success Factory is the marketing arm of the DagCoin Ponzi scheme.
Think OneCoin and OneLife, which isn’t surprising seeing as DagCoin was launched by former OneCoin scammer Nils Grossberg.
Sitting at the top of the DagCoin promoter hierarchy are Igor Alberts and Andrea Cimbala (below with BusinessForHome’s Ted Nuyten).
Alberts and Cimbala reside in the Netherlands. The married couple are believed to have stolen millions through OneCoin and DagCoin.
At the time of publication Alexa ranks top sources of traffic to Success Factory’s website as Saudi Arabia (46%), the UAE (14%) and Canada (12%).
Iran is the only notable source of traffic to DagCoin’s website, accounting for 17% of visits.
It has taken some time before people start to report,this scam and when they get a warning in Russia of all mothers, it must be really clear.
From making 100 million in Onecoin, correction, steeling that money through Onecoin, the Romanian Queen and Dutch Loco King are again on top of their game since over a year.
With all arrests and outstanding warrants, it keeps surprising me that they and her brother are not in jail yet. Unreal !
They are looking for JoseG, but what about these idiots, the brothers, UDO etc, all crooks that keep on going because nobody takes care of them or at least starts an investigation about them.
Is there any news about how the Ponzi arm of the scheme is faring?
Some time ago (over a year I think) they switched the internal exchange to “for paid members only”, thus blocking my view on it.
Before that the transactions from the claimed exchange made no sense whatsoever, some 80%+ of week’s transactions happening in time window of 5 minutes and having same repeating sizes.
(So the “exchange” was a mock-up or then it queued the buying orders and served them in a nonsense order.)
For those interested:
DagCoin – despite the marketing material – is not open source: they removed their source code from github after they had switched to another, completely opaque implementation that was using Amazon Web Service servers instead of distributed network.
If Jeff Bezos pulls the plug, all DagCoins ever distributed are gone forever.
DagCoins distributed to members have never been visible in the “DagChain” (equivalent of Bitcoin blockchain).
Unless the members take their coins *out* from the internal exchange – thus removing all possibility to sell them – they have to trust to SuccessFactory goodwill that their coins don’t just disappear one day.
The “merchants” accepting DagCoins are nothing short of a rerun of OneCoin’s Dealshitter.
I just assumed DagCoin collapsed. I haven’t heard anything about DagCoin as a cryptocurrency in years.
Swept under the rug to sell Success Factory eDuCaTiOn PaCkAgEs.
In that sense DagCoin is even dumber than OneCoin; you don’t even get database points.
Thanks Oz.
Quite the same feeling that since they couldn’t fake a currency, they’re just silent about it.
And I realized that this should be cleared up a bit:
Taking the coins out from internal exchange makes them visible in “DagChain”. But since there’s only one copy of DagChain:
Even then the coins will be gone if the company (or AWS) decides to clear the servers. There is no backup. Dagcoin does not use distributed ledger that is the bare minimum for a cryptocurrency to have reliability against being just “deleted” one day. The only copy is kept in AWS servers.
Heck, even if the “investors” would *want* to keep a distributed copy of the DagChain, they couldn’t because there is no way to obtain a copy of the so-called public ledger!
I want more clarification about dag coin, is it real or just they used it as source of income to their financial gainings, thank you.
It’s real in the sense it’s used “as source of income to their financial gainings”.
Outside of Success Factory and Dagcoin nobody uses or cares about dagcoin. It’s worthless.
@Oz
You are wrong! 🙂 February 1, 2022 Announcement:
share-your-photo.com/bb3b097043
“Coming soon” is a popular phrase among scammers. Also with OneCoin.
youtube.com/watch?v=YjjwCK8UpBM
Three commenters are more specific than the announcement:
Success Factory and DagCoin launching in the US might just be the funniest thing I’ve heard this year so far 😀