USI-Tech top investor is an Ass. Professor of Business at a US college
Predating the launch of their BTC package Ponzi scheme, David Frost was a prominent fixture in USI-Tech marketing.
Often appearing alongside Master Distributors Dan & Patti Hunt, Frost appeared in USI-Tech marketing videos and co-hosted company events.
Here’s the thing though – in addition to being high up the USI-Tech investor chain, David Frost is also Associate Professor of Business at Bethany College.
And word on the street is Frost isn’t above recruiting students into USI-Tech.
Bethany College is based out of Kansas and, according to their website,
is a small, private college that provides students personal attention within a caring community.
Bethany College is also “a College of the Evangelical Lutheran Church in America”, which aligns it with the Lutheran faith.
According to David Frost’s bio on the Bethany College website, he’s
an assistant professor of business at Bethany College.
He joined the faculty in 2009, after serving as an adjunct at Bethany for three years.
He teaches classes in business management and human relations.
When Frost signed up as a USI-Tech affiliate I can’t say, but it must have been pretty early on for him to be regularly featured in marketing material put out by Master Distributors Dan & Patti Hunt.
The initial incarnation of USI-Tech was a pyramid scheme, which has since been replaced by a BTC package Ponzi model.
There’s a lot more content of Frost promoting USI-Tech’s earlier pyramid model, however if you dig deep enough you can also find him promoting USI-Tech’s bitcoin Ponzi scheme.
As the flyer on the right shows, Frost was promoting USI-Tech BTC packages shortly after they launched in June.
In one video uploaded to YouTube on July 20th, Frost explains why he began investing in USI-Tech BTC packages.
[0:36] It’s one of the biggest reasons that this company stood out to me, because I’ve been investing for fifteen years.
This is the only company that I know of that I could go take fifty-five dollars roughly, put it into this bitcoin package and, there’s no monthly fees, there’s no fees for taking the money out, there’s no fees all along the way – I simply watch my money grow.
For reasons unknown, much of the content featuring David Frost publicly promoting USI-Tech’s bitcoin packages has disappeared.
The last known instance of Frost promoting USI-Tech that I was able to find was reference to his hosting of a conference on November 10th and 11th, 2017.
Reddit user Sky Basu, who claims to have been a USI-Tech “newbie” at the time, shared his experience on the private USI Dream Team subreddit;
I just returned from the Dallas Conference of USI Tech. I am a new member – with USI only for 2 weeks.
I met quite a few investors, small and large who are getting returns on a daily or monthly basis.
Dan and Patti Hunt with their partner David Frost, the master distributors for USI tech in the USA were the hosts for the conference.
Barry Hogan one of the leaders located in Dallas Fort Worth area organized the conference in Dallas.
Basu credits Frost with “spearheading” a paid legal opinion that claimed USI-Tech’s unregistered securities offering was legal in the US.
More importantly the conference Basu attended was held in Forth Worth, Texas.
A month after David Frost hosted a USI-Tech event in Dallas, the Texas Securities Board issued USI-Tech an emergency securities fraud cease and desist.
To date there has been no indication that USI-Tech has or has any intention of responding to the Texas notice.
If they fail to do so by January 20th, promotion of USI-Tech will effectively be illegal in Texas.
Although not confirmed, the SEC are also believed to be investigating USI-Tech at a federal level.
Meanwhile we have an associate professor of business at a US college purportedly recruiting Bethany College students into a bitcoin Ponzi scheme.
If an associate professor of business can not identify a Ponzi scheme, what hope does his students have of avoiding being recruited into one?
Worse still, what if David Frost knows full well USI-Tech are operating a Ponzi scheme and has decided to recruit Bethany College students into it anyway?
The legal implications for Bethany College should USI-Tech collapse and students lose money should not be understated. Ditto if US authorities shut the scam down and/or take direct action against Frost.
Both Bethany College and the Kansas Office of the Securities Commissioner have been approached for comment.
Bethany College also has the dubious honor of being the first college in the US to offer a certificate course on Network Marketing i.e. MLM.
hmmm Ass Professor is a good description!
College of the Evangelical Lutheran Church in America? Well, religion is the ultimate Ponzi scheme (give me your money now and you’ll receive infinite rewards at some point in the future) so I see no contradiction here.
Not sure I see the legal implications for Bethany College unless they know or should reasonably know that Frost is promoting a Ponzi scheme and are taking no action.
I suppose there may be financial implications if students drop out due to being ruined by USI Tech but hey, as our Lord Jesus Christ said, plenty more fish in the sea, for verily, there is one born every minute.
If they weren’t aware of it they are now. And surely duty of care comes into it.
If a student was to file a lawsuit for losses, I imagine Bethany College would be a named defendant along with Frost.
in january 2014, Ass. Professor david frost published a video explaining network marketing to his students and friends.
according to him, he had always thought that network marketing was a pyramid scheme where you had to harass your family and friends, but after two years of research and working with network companies and interviewing people in the industry he came to the conclusion that network marketing had the ‘lowest risk and the best reward of any business model’.
Ass. Professor david frost then goes on to explain network marketing exactly as a pyramid scheme – you get four people, who will get four more, who will get four more … and hey! you’ll make a gazillion dollars in residual income with everybody on autoship.
it seems bethany college agrees with him about what network marketing is, because at the 4:30 mark in the video he says [not exactly exact quote]: we decided to become the first college in the world to offer an accredited network marketing class as well as a certificate program for those interested in building a team with a network marketing company while getting their degree.
woah, no wonder he was recruiting his students into the usi tech pyramid/ponzi. give me your money and i’ll give you a certificate!
was bethany college getting a cut from this um, ‘certificate program’ as fees?
I wrote a lengthy email to every email address on the contact us tab of the website. Dean of faculty, dean of students, Alumni directors lol. NOw just have to find the WV securites people lol. And maybe the board of education.
AND……. reports to the fraud department of West Virgina Securities Commission.
This just in from Quebec. It was originally french so I googled it.
Hopefully it becomes the next plexcoin…
All other implications aside, its just unethical for a Professor to be offering business opportunities to his students, even if it was a legitimate business. It at least raises the appearance of “invest in this and I promise you’ll pass” or worse, “don’t invest in this, and you probably won’t pass”.
Just a flat out abuse of influence.
Wrong state! There’s two Bethany Colleges, this one is in Kansas!
The Kansas Office of the Securities Commissioner ignored my press enquiry and directed me to fill in a complaint form.
Nothing back from Bethany College yet.
I saw him at the Dallas event. Not impressive at all. He was introduced by Dan Hunt, who seems to think Frost is some kind of genius.
Hunt is a shillmaster extraordinare. (His wife, Patti, is quite nice, but apparently 1) she’s too dumb to know what’s actually happening, or 2) she doesn’t care.)
Hunt stomped up and down the stage proclaiming that there would be no hype, that USI didn’t need to be hyped, and then went on to hype it for all it was worth.
He cried onstage because he was so moved by the USI-Tech “family”, he led the group in singing the national anthem, he brought armed forces veterans to the front of the room.
Every word out of his mouth was tainted with hype and devoid of fact. Had he not hyped it, there would have been nothing to say.
Lol, I know. But NOW they KNOW about Usi-tech…..
USI Tech has just terminated all reps in USA and Canada.
Message has appeared in their back office today.
Art Jonak has shared via Medium page – USI Tech closes in USA and Canada: medium.com/direct-selling-report/usi-tech-terminates-all-distributors-in-the-us-and-canada-7707379be1c