The TLC Trading Ponzi scheme has collapsed.

As of August 7th, 2024, withdrawals have been disabled for just over a week.

TLC Trading investors began reporting withdrawals problems on or around July 31st.

TLC Trading would permit affiliates to request withdrawals, but the transactions wouldn’t go through.

As of August 7th, 2024, TLC Trading continues to string along investors:

Our team is working tirelessly to resolve all system issues and return to normal operations. We ask for your continued patience and understanding as we navigate this challenging time.

It should be noted that while withdrawals have been disabled for a week, TLC Trading has no issue processing new investments.

A week of disabled withdrawals is more than long enough to call a Ponzi scheme’s collapse. Coinciding with TLC Trading’s collapse is the deletion of all videos on its official YouTube channel.

TLC Trading is a reboot of the collapsed Trade Like Crazy Ponzi scheme.

Both scams were headed up by fictional CEO Armen Sargasyan, played by two different actors thus far.

Last month BehindMLM outed the current Sargasyan actor as Polish national Tomas Malodobry.

This tracks with TLC Trading suspected of being run by Polish and/or Russian scammers hiding in Dubai.

Also debunked last month was TLC Trading’s fictional contract with Liga Insurance.

As of July 2024, SimilarWeb tracked around 356,000 monthly visits to TLC Trading’s website. Top sources of traffic were identified as Russia (37%), Vietnam (13%), Hungary (13%), the US (12%) and Brazil (8%).

TLC Trading exit-scammed its Hungarian investors on or around July 22nd. At the time BehindMLM correctly predicted how TLC Trading would end:

The plan is likely to fleece US and Swedish investors for another month or two before pulling the plug.

Pending the conclusion of TLC Trading’s “system issues” exit-scam, total investor losses remain unknown.