Wanted fugitive John Barksdale is spearheading efforts to defraud consumers through Akasha.

Akasha and its AK1111 shitcoin is being pitched as the latest investment opportunity of Ultron and Akita Rider.

Ultron was an is a collapsed MLM Ponzi scheme built around its ULX shitcoin. Akita Rider saw old European men gush over AI-generated NFTS featuring near-naked children.

Akita Rider originally launched as part of Incufi, operating from the domain “holdonfordearlife.io”. Incufi branding appears to have since been dropped.

The latest scams to appear on the “Hold On For Dear Life” website are Akasha and Sovereign:

Sovereign is pitched specifically at South Korea, with marketing efforts led by “Neo Anderson”.

“Neo Anderson” is none other than John Barksdale (right). Barksdale has been tied to both Ultron and Akita Rider in the past.

Barksdale is believed to be hiding out in Dubai. Barksdale is wanted on criminal fraud charges related to his collapsed Ormeus Global Ponzi scheme.

Sovereign sees investors purchase Visa debit card packages costing up to $5000.

These sorts of schemes are typically run through an  inconspicuously named shell company hooked up to a dodgy processor. That Sovereign appears localized to South Korea suggests the shell company and dodgy processor could be South Korean.

Once purchased, Sovereign investors can then load up to $50,000 onto their cards.

This is done on the promise of a 1% daily return:

Akasha is marketed as being “powered” by Ultron.

Ultron and its attached Mavie Global Ponzi spinoffs are owned by Michael Prazenica, a European also hiding out in Dubai.

Barksdale appears to have taken over what’s left of Ultron and, with no clear owner, it’s possible Barksdale has been running Akita Rider all along too.

This does raise the disturbing possibility that Barksdale created Akita Rider’s near-naked children NFTs… a thought I’ll just leave there as is.

As “Neo Anderson” (Barksdale naming himself after the protagonist in the Matrix movies might be a mid-life crisis), Barksdale is pitching South Koreans on a typical node investment position Ponzi.

Akasha investors purchase “super node” positions for tether (USDT) equivalents in AK1111 or ULX.

Once purchased, and similar to the Sovereign cards, Akasha super node positions can be invested in:

  • Basic – purchase a node position for 50 USDT and invest up to 250 USDT
  • Standard – purchase a node position for 250 USDT and invest up to 1250 USDT
  • Advanced – purchase a node position for 750 USDT and invest up to 3750 USDT
  • Pro – purchase a node position for 2500 USDT and invest up to 12,500 USDT
  • Ultra – purchase a node position for 6000 USDT and invest up to 30,000 USDT
  • Elite – purchase a node position for 15,000 USDT and invest up to 75,000 USDT
  • Genesis – purchase a node position for 30,000 USDT and invest up to 300,000 USDT

Advertised passive returns on the above investment tiers top out at 12% a month for Genesis.

Note that funds invested into Akasha super node positions appear to be locked up for 10 years.

Note any funds invested into Akasha are immediately stolen by Barksdale. Setting a 10 year lock on the funds is designed to keep investors suspended in hope when withdrawals are inevitably disabled.

Barksdale is assisted in defrauding South Koreans by Choi Y (translator):

And Wang K Shin (referred to as the “Chairman”, aka Hyungab Eun (?)):

Curiously, while Barksdale and his accomplices are doing their best to promote Soverign and Akasha to South Koreans, as of March 2025 SimilarWeb tracked 100% of traffic to the “Hold On For Dear Life” website from Israel.

Not sure what’s going on there but it appears someone is recruiting suckers into these scams in Israel too. Perhaps Barksdale is using another alias for Israeli promotion.

To further entice investors, Barksdale is running a buy one Akasha node position get one free promo till the end of April:

Big Bang Launch Promotion
Period: April 9 ~ April 30
End Time: April 30, 2025 23:00 (UTC)

Promotion Details

Purchase a supernode and complete the maximum deposit (max deposit), and you will receive an additional supernode of the same condition for free!

In addition to be outright fraudulent investment schemes, Akasha and Sovereign can be summed up as a wanted fugitive desperately looking to fund his lifestyle in Dubai.

Barksdale also has a $79 million judgment against him, stemming from parallel Ormeus Global civil fraud charges filed by the SEC.

Money was lost in Ormeus Global, Ultron, every Mavie Global spinoff and Akita Rider. Money will inevitably be lost again through Akasha and Sovereign.

Unless you’re in Barksdale’s and Wang K Shin’s inner-circle, you’re not in the group that’s going to make off with the money.