In an email sent out to affiliate investors on March 24th, founder Jeff Jeffries has revealed Treasure Island will cease onboarding new investors on May 1st, 2025.

Jeffries’ email was sent out within 48 hours of BehindMLM outing him as Jeff Dyck, a convicted tax fraudster sentenced to three years in prison in 2017.

As per Jeffries’ email, following the February 2024 launch of Treasure Island’s 150% ROI unregistered investment scheme, it was expected a never-ending parade of gullible saps would sign up.

As many of you know, on February 4th, we launched a new strategy … we quickly grew to over 5,000 members!

We expected to reach 14,000 members by now, yet we currently stand at around 5,500.

Rather than verifiable securities fraud and himself being a convicted tax fraudster, Jeffries attributes Treasure Island stalling to “misinformation”.

With rapid growth often comes unwanted attention. Unfortunately, we’ve recently encountered some negativity online.

Since this misinformation began circulating, we’ve noticed a slowdown in our growth.

Jeffries doesn’t disclose what “misinformation” he’s talking about. Instead, Treasure Island affiliate investors are told the company will just “shift focus”.

While crowdfunding has been one path we’ve pursued, it’s not our only one. We’ve been working diligently behind the scenes on additional avenues to secure the capital needed to bring Season 1 to life.

That’s why, moving forward, we’ve decided to shift our focus toward completing our Season 1 products and pursuing alternative revenue-generating opportunities.

To be transparent, we will no longer be actively marketing the crowdfund opportunity.

You may continue building your network for free through May 1st, 2025, at 11:59 PM PST. After that time, all referral links will be deactivated, and no new partners can join.

No reason for Treasure Island cancelling its MLM opportunity is provided.

The “misinformation” ruse makes no sense. Why cancel recruitment instead of allowing it to continue alongside purported “alternative revenue-generating opportunities”?

“Hey, recruitment of new investors has slowed down! How am I supposed to lambo with nobody investing?!

I know, let’s fix it by stopping recruitment altogether!“

Alternatively, I can see how a convicted tax fraudster might be sweating bullets over being sent back to prison for securities fraud.

Well, sort of. While new suckers won’t be able to sign up, Jeffries intends to continue milking existing investors.

You may continue to loan funds to Treasure Island (minimum $100 USD, no maximum). Any loans made before May 1st, 2025, will earn free TiCoins at a rate of $0.02 per dollar loaned.

This is a continuation of the securities fraud Jeffries started with Treasure Island in February.

In further violation of US securities law, Jeffries states that only after $1 million is raised will he “publicly verify the funds” (whatever that means).

Note that in order to operate legally in the US, Treasure Island had to register its 150% ROI investment scheme with the SEC prior to soliciting investment.

That never happened.

Like everything else in Jeffries’ email this makes no sense either, but Treasure Island is promising refunds to existing investors after $1 million has been raised.

For some reason $1 million is a magical number that, prior to reaching, prevents Jeffries from returning misappropriated investor funds.

Also just some quick math; if the 5500 investors signed up each only invested $100, that’s still over a half a million misappropriated. I can’t say for sure but odds are one million has already been misappropriated through Treasure Island.

If only there were some legally required audited financial reports filed with the SEC we could use to confirm.

Finally, Jeffries announced that weekly Treasure Island marketing webinars have also been cancelled.

In light of Jeffries’ prior “ChildRun” reality show going nowhere, this all sounds like the beginning of Treasure Island’s exit-scam to me.

While this transition is disappointing, we remain more motivated than ever to launch Season 1 and prove the doubters wrong.

Stay tuned…