Treasure Island claims its unregistered investment scheme has generated “just over $200,000”.

In an email sent out by “Jeff and Team Treasure Island” on May 6th, Treasure Island revealed just 519 affiliates invested out of the 8574 who signed up.

Treasure Island began soliciting investment earlier this year. Investors were pitched on a “minimum 50%” return within twelve months.

ROI revenue is represented to be tied to an announced reality TV show, the first iteration of which was supposed to air last year.

Two days after BehindMLM outed Treasure Island founder Jeff Jeffries as convicted tax fraudster Jeff Dyck, Dyck (right) announced Treasure Island would cease soliciting investment on May 1st.

Both Treasure Island and Dyck are based out of Las Vegas, Nevada. Neither Treasure Island or Dyck are registered with the SEC.

In addition to a 150% ROI liability on ~$200,000 over the next months, Treasure Island claims to still be $800,000 short on its TV show funding.

Now, the ball is in our court. We’re working full steam behind the scenes to raise the remaining $800,000 needed to hit our $1 million goal for producing Season One of Treasure Island in September.

We’re actively working with investors and building multiple revenue-generating companies to get there. Our target to raise the full $1M is July 1st.

Treasure Island states that upon somehow generating $800,000 over the next month and a half, it will resume its unregistered investment scheme.

Once that happens, we’ll reopen funding for 30 days only to give you one final opportunity to lend funds and maximize your royalty share. After that, there will be no additional funding rounds.

I suspect regardless of whether Dyck can raise $800,000 by July 1st, Treasure Island will resume soliciting investment from consumers sometime after.

Branching out from unregistered investment scheme, Dyck also revealed plans to launch Treasure Island adjacent “physical products”, dating, vacations, pet care, health, mobility (?), an “auto approved group” and crowdfunding platform.

Physical products like Pain X and Greens will enter production in July/August as they only require manufacturing.

Treasure Island’s planned add-on compensation plan will see it pay commissions down two levels of recruitment.