Treasure Island claims $200K+ raised through securities fraud
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.
If I’m being honest I feel like the advertised mobility app being added now is likely some chatgpt nonsense where jeff was likely trying to add uber (this was something conect social also offered).
Have a feeling you are right, this investor pause is likely to draw in the suckers he already has to invest more. “We reached a million, this is about to take off, it’s your last chance to get in before TI Coin goes through the roof!!”
Look at that smug thumb picture.
Sad if he did really swindle 200k out of people with such a truly awful ‘opportunity’.
$200K is just the tip of the iceberg. This guy has extorted millions over the almost 5 years he’s been operating this scam.
He will eventually get caught again and hopefully be prosecuted to the full extent of the law this time.
Sadly many more unsuspecting victims will lose their life savings in the meantime. Sites like this may well speed up the wheels of justice… thanks for what you do!
Newest email claims ‘Major Progress’ but as always, a vague promise.
They claim to have enough funding for Season 1 already but like their ‘influencers’, leave them as unidentified, albeit haven’t said they found any investors, just that they have enough money.
Show is set to premier in September, why wouldn’t any brand or influencer want to start marketing this to their audience. The answer is obvious to most.
200k isn’t enough for any show, not even a pilot. They will so graciously allow people to still ‘invest’ though.
“After July 4th, this opportunity will be gone for good – and will never be available again.”
So “enough funding” = we somehow found $800,000 in 3 weeks?
Uh…
So latest emails are saying they are opening up funding again because of polls? Despite this being the previous communication a month ago when they ‘paused funding’ until June 1st?
Multiple products they said would be complete by June 1st, no communication on those.
Unfortunately I know people effected by this that no matter the evidence won’t see reason. And people losing $100 likely won’t seek, or don’t have the means to seek litigation.
exciting new developments? they said they have some ‘secret company’ that is making hundreds of thousands and expected to make 600k to millions by september? why is this a secret?
apparently ‘the haters’ will bring it down if revealed before the BIG DAY. They are planning on making 20-30 tv shows in 10 years? Influencers will only be revealed 3 days prior to premier to start marketing to their audience?
Couldn’t answer why they wouldn’t want to start advertising earlier. For a company that is revolutionizing advertising they sure seem to hate it.