Renato Rodriguez & Gutemberg Dos Santos final judgments entered
Back in March the SEC filed a complaint against Vizinova owners Renato Rodriguez and Gutemberg Dos Santos.
The SEC alleged Vizinova was a $5 million dollar Ponzi scheme. BehindMLM reviewed Vizinova in 2014 and concluded the same.
Rather than contest the allegations and clear their name, both Rodriguez and Dos Santos settled.
On June 8th, Final Judgments were entered against the pair.
According to the filed judgments, Renato Rodriguez and Gutemberg Dos Santos will pay back $1.4 million in disgorgement. A civil penalty of $160,000 was also issued.
The judgments also see both Rodriguez and Dos Santos prohibited from
- violating the Securities Exchange Act
- making untrue statements
- committing fraud upon any person
- offering unregistered securities and
- obtaining money by means of untrue statements
After the Vizinova Ponzi scheme collapsed, Rodriguez and Dos Santos launched AirBit Club.
Through AirBit Club, Rodriguez and Dos Santos solicit investment of up to $1000 on the promise of a 0.2% to 1.2% daily ROI.
Pyramid commissions are also paid out on the recruitment of new AirBit Club affiliates.
At the time of publication AirBit Club still appeared to be operational, however Alexa traffic estimates show a steep decline in activity beginning in May.
Whether further action is taken against Rodriguez and Dos Santos for continuing to defraud investors through AirBit Club remains to be seen.
I am pretty sure these two scammers are behind Ecoinplus and Gladiacoin!
They need to be locked up!!
Based on what?
Hi. I believe the person who wrote this article should be more professional and responsible for the missinformation that publishes.
I have tried the web of AirBitClub for more than a year and I have received the payment always on time and it doesn’t depend on the quantity of people I invite.
I receive money each day without having the necessity of inviting nobody to join the club if I don’t want to.
Do I receive money if I invite someone? well the answer is yes but which company doesn’t do that?, for expample UBER (Ozedit: Uber is not an MLM opportunity, offtopic derail attempt removed)
Whether you’ve been stealing money from people who joined after you for one day or one year, is irrelevant to the fact that AirBit Club is a Ponzi scheme.
Whether you’re recruiting or someone else is, fact of the matter is someonehas to be bringing in in new investors or there’s no money for you to steal.
Thankyou for confirming AirBit Club is also operating as a pyramid scheme.
Renato Rodriguez and Gutemberg Dos Santos were busted for running one Ponzi scheme (Vizinova). What, you think a leopard changes it’s spots?
Renato Rodríguez and Gutenberg Dos Santos are being tagged a lot on Facebook posts – apparently they were in Dubai, United Arab Emirates as of March 12, 2018.
What’s scary is that a lot of people from different countries and many of them from Latin America are with them in those “AirBit Club Receptions”,
Posting stuff like “This is the best of my life”, “Once in a lifetime opportunity” and the worst “Come join us”, encouraging more friends and family to “get the job of their life by investing in AirBit”.
Just take a look at this Facebook profiles:
Manella Benitez Merino
Isaias Callejas
So if Renato and Gutemberg were prohibited from committing fraud upon people and making money from untrue statements how is it that they are still running Airbit Club?
Should it not be shut down right away if everything they are doing is illegal?
Unfortunately regulation is reactive and often slow to catch up to scammers.
Oh, well… I am with airbit for almost a year now and it’s really doing great.
I indeed earn money without the need of inviting someone. I manage my own fund and it’s indeed rewarding!
Anyone is not forced to join, but if you wish to trade, you are making the right decision. It’s a road to financial freedom! I do trust Airbit!
Plus— you can sell your reward to some sites which you can withdraw money either from the bank or financial institutions, and the like.
Congrats on stealing money from people who invested after you. Here’s a cookie.
FYI, I joined but never invited anybody. I manage my own fund and I don’t need any person to buy my reward.
I sell it to some sites and draw money from the bank. That’s it.
Anyways, everyone is entitled to his/her own opinion. I respect yours and do respect mine. Have a wonderful day!
Whether you personally recruited the investors you stole and continue to steal from is irrelevant.
The fact of the matter is you’re profiting in a Ponzi scheme, by stealing from those who invested after you.
Facts > opinion. Don’t waste my time trying to “opinion” your way out of financial fraud.
Oz- I don’t need your cookie, no, thank you. I am not fond of cookies! 😉
Take it anyway. You can give it those you’re stealing from.
How difficult it is to understand that you can trade in a different way is to say that you do not do it yourself, that is the product, but I can also include people depending on the world of cryptocurrency under a model that is MLM.
after 3 years it is difficult to continue saying in a ponzi model (and Malox will age 65 years) the time and people that we learned learned earned and taught to other people are happy and under an MLM system.
it is difficult to understand that we are in the technological world and they will create technological products that give money (you will not get rich with it but you will earn more than a bank) and you can market.
Greetings and see you in time.
There’s nothing technical about recycling newly invested funds to pay off existing investors, which Rodriguez and Gutemberg have done time and time again in various scams.
You naturally can’t provide any evidence of “technical products” or trading being used to generate external ROI revenue – because there is none.
As for three years, how long you’ve been stealing from new victims in a Ponzi scheme is irrelvant. It’ll still crash when there’s no more new suckers left to steal from.
And three years? Nope. Vizinova collapsed. AirBit Club just ticked over two years. The usual third-world countries populate its Alexa website traffic statistics (of course Russia is #1).
These guys are scamming people out Panama with Airbit club.
The last I heard is they aren’t letting Bitcoin withdrawals, and when they do, people lose upto 80% of their investment.
I joined AirBit club last year 2018 of July under silver account, by same year October, received email, Airbit has to upgrade their software platform, then that’s the start all withdrawal transaction are pending up to now….
holy cow…i cant’t take my money back….