YEP drops Driven Trading over automation securities fraud?
Last October BehindMLM covered YEP begging the public for $1 million, to cover $4.2 million in losses in 2020.
At the time I noted Driven Trading, which was curiously absent from YEP’s SEC filings.
I also noted a “coming soon” automation component being pitched to founders:
That’s now launched, seeing YEP adding securities fraud to its MLM offering.
Well, at least up until very recently.
Driven Trading offers automated trading to Advanced and Mastery tier affiliates.
- Advanced costs $1000 and then $150 a month
- Mastery costs $2000 and then $200 a month
Advanced allows a Driven Trading affiliate to automate forex or crypto trading. Mastery allows an affiliate to run two bots simultaneously.
As advertised by YEP themselves, the Driven Trading “automation tool”
Take(s) the Power of DRIVEN’s Copy/Paste Trading and Supercharge(s) it With an AI AUTOMATION Assistant That Helps You Manage Trades and Manage Risk Effectively.
It is this automation that constitutes a securities offering.
To establish a securities offering we first need to identify an investment contract. As per the Howey Test;
An investment contract exists if there is an “investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others.”
With respect to Driven Trading’s automation offering;
- Driven Trading affiliates invest funds through Driven Trading’s automation offering (the “common enterprise”)
- Driven Trading affiliates do this on a “reasonable expectation of profits”
- said profits are derived through Driven Trading’s automation offering, constituting “the efforts of others”.
Since noting YEP’s SEC filing last October, the company has filed five amendments to its virtual shares offering.
- on November 16th YEP filed to extend the offer to December 16th, 2021
- on November 30th YEP “updated their pitch deck and made multiple changes to the offering page”
- on December 14th YEP filed to extend the offer to February 18th, 2022
- on February 18th YEP filed to extend the offer to March 15th, 2022
- on February 24th YEP “removed their cmo and separated from product line “driven” which was a significant source of revenue for the company
What?
If YEP’s February 24th filing is to be believed, the company has dumped Driven Trading and in the process likely obliterated itself financially. Pending quarterly and annual filings though, that’s a story for another day.
With YEP and CEO Jimmy Ezzell out of the picture, who’s running Driven Trading?
A visit to Driven Trading’s website reveals the company is headed up by CEO Cory Kromray.
Livia Fisher-Kane, Driven Trading’s CMO, is the referenced terminated CMO in YEP’s February 24th SEC filing.
According to his LinkedIn profile, Cory Kromray is based out of Florida. Worth noting is Driven Trading LLC, incorporated in Florida by Kromray, cites him with a street address in Wisconsin.
He was running a “marketing consulting agency/social media management” company, before reinventing himself as a trading bro in December 2021.
Oh and Kromray is also definitely a crypto bro, having already rolled an NFT cashgrab into Driven Trading:
Having established YEP is no longer in the picture, our attention now turns to whether Driven Trading have registered themselves with the SEC.
They’ll also need to register with the CFTC, as automated forex trading triggers Commodity Trading Advisor registration under the Commodity Exchange Act.
Neither Driven Trading or Cory Kromray are registered with the SEC or CFTC. This means the company is operating illegally in the US.
At time of publication Alexa ranks the US as the top source of traffic to Driven Trading’s website (43%).
The UK (35%) and Australia (23%) are respectively the second and third largest sources of traffic. Driven Trading isn’t registered to offer securities in those jurisdictions either.
Update 5th April 2022 – In the Driven Trading LLC incorporation in Florida, Kromray has provided what appears to be a Wisconsin address but the provided state is “FL”.
I’ve received independent confirmation Kromray is based out of Wisconsin so the Florida filing appears to be an error.
If these guys are the Guru’s of Trading ….. Then the Simple Question is Why are they Posing with Exotic Cars they DON”T Own …… along with Many other things ????
It seems they are using Deceptive Practices to try to Recruit People into believing Something they are Not …….
Thoughts ??
My thoughts are whether cars that appear in Driven related marketing material are rented or not is neither here nor there.
Securities fraud is being committed regardless.
Wisconsin Dept of Revenue website shows Cory Kromray is delinquent $38,851 in state income taxes to date. Address is (removed)
The issue is he was never running a social media management company he was just bouncing from MLM to MLM.
I personally followed him from BE, to Digital profits, then yep now driven and hes just been cash grabbing and throwing blame at the executives to give excuses for leaving after he reaches levels of heights within the programs to move people around the binary trees illegally to ensure his favorite players get paid while the rest starve.
He used used Yep as a VC knowing they had their own issues and could break contracts stole money from them and used it to buy his 500k car!
The ethics this man has is un fathomable. He only cares about his own pockets. (Ozedit: unverifiable derail removed)
The NFTs are a cash grab to pay bills and they aren’t even being sold or traded so that cash grab is flopping.
The only person with a series 65 certificate is the crypto educator. Besides him there are 0 certificates that allow him to make promises of gains or make trades on anyones accounts using automation.
Ive never seen such a shallow liar in my life.
How has he not been indicted from these activities?
Look on the Finra broker check and none of the traders have any Series 65 license or Series 7 license or anything and their trades they post are just a few pips up or down from the guess of the entry for TP or Stop loss….pathetic!
You can find out where his home address is right on the WI circuit court website as he previous had a lawsuit with Market Kings LLC his other phony trading site where he most likely stole people’s money.
They are about to do another NFT Rug pull: drivennfts.com
If you look at the wallet it has a large amount of ETH go into it in 0.11 ETH amounts that add up to almost 130 ETH and look at the wallet you’ll notice that the ETH is internally transferred out: blockchain.com/eth/address/0xbb04aafd02b6cafb86d163861899aea34ebdcb46?view=standard
Do your part and report fraud to proper authorities and lets get that fraudulent Kromray and his wife locked up immediately!
sec.gov/tcr
ic3.gov/
Are you referring to Noah Defraties?
Actually he does not have a license that was all BS as well check on the website here there is no license and the Kromray and all of his other buddies are not certified: brokercheck.finra.org/
I posted a previous comment where you can submit multiple reports for his MLM scam and his NFT cash grabs.
How do you file a complaint when you don’t know where to find them?
Securities fraud complaints can be filed on the SEC’s website.
Thanks Oz – I have looked at both those sites to lodge a complaint however they ask for addresses etc and I do not know those details.
With the SEC you should be able to just fill in what you can:
tcr.sec.gov/TcrExternalWeb/faces/pages/intake.jspx
SECURITIES FRAUD THEY ARE NOT EVEN LICENSED!!!!
Also file the complaint on ic3.gov/ as the suspected person of interest Cory Kromray actively is stealing money promoting these NFT’s that have no purpose and will never sell on Opensea.io
(Ozedit: personal information removed)
His address that I had listed was removed from here with an edit so Melissa Jacobs (Ozedit: attempt to take discussion offsite removed)
Another update…..Cory Kromray is trying to pull another NFT cash grab by offering people that buy one the chance at a pair of shoes…..you heard that right!
There is absolutely no purpose to those NFT’s other than to take your money. When they list them on Opensea.IO they just stay “Content not available yet” for months already!!!
Plus you actually don’t receive any NFT and you are basically giving him your 0.11 ETH.
Every so often he empties the wallet out by internal transfers etherscan.io/address/0xbb04aafd02b6cafb86d163861899aea34ebdcb46#internaltx <<< That is his wallet address.
Report Cory Kromray immediately!!!! on ic3.gov and tcr.sec.gov/TcrExternalWeb/faces/pages/intake.jspx
Also report Driven Trading for securities fraud because none of the Traders are able to be located to be licensed on brokercheck.finra.org/
You can locate his home address on USPhonebook website.
I found this article when searching for info on Driven which I stupidly joined thinking it was going to be “life changing”.
Thankfully I never brought into the NFT bulls**t but I was suckered out of over $1300 for a service that was never provided – being the automated trading.
What are the chances of anything being done about this disgusting company if a complaint is made?
More complaints to the SEC = more chance of an investigation. That’s generally how regulation of MLM related securities fraud works.
I assume you bought into their “splendid” $1000 package and also one of their stupid NFT’s that will never sell on opensea.io or anywhere else?
ic3.gov/ and tcr.sec.gov/TcrExternalWeb/faces/pages/accept.jspx as Cory Kromray doesn’t obvious care what is about to happen to his scam and he will probably sit many years in prison.
I catch these scams pretty fast and I don’t even want compensation through a whistleblower type of case…….just put that fraudster in PRISON!!!
She literally said she didn’t buy into their “NFT bullsh**t”.
Update on Cory Kromray’s NFT cash grab…..well looks like I guessed it right!!! Another internal transaction and he stole everyone’s ETH!!!
Are you going to let this keep going on or are you going to report it to the SEC and do what’s right!!
blockchain.com/eth/address/0xbb04aafd02b6cafb86d163861899aea34ebdcb46?view=internal
Breaking: Now just announced one of the “Top Traders” that goes by the name of Gavin Teague from North Carolina has admitted today that he intends to “Take a break from social media” based on his most recent post.
There must be some kind of obvious reason why he would do this especially if that’s what his end of the business depended on for a source of income!!!!
Cory Kromray also dropped off the “NFT Mclaren” and the dealership rented Mercedes AMG GT at his house to probably show off for Memorial Day weekend…….. pretty sad that it took this long to send it here *coughcough on such good Wisconsin warm weather that has been happening.
Maybe Kromray brings out his temporary leased boat for this upcoming hot weekend is the next prediction!!!
Just like last year to try and sucker all of the unsuspecting victims into for their chance at a worthless NFT!!!!
Stay tuned!! As the Feds are watching!!! 🙂
I didn’t buy into the NFT as I could see from all the other promises, nothing was happening.
Complaints lodged and here’s hoping something is done about it. An absolute scam.
I am informing everyone that I can to file a complaint, using USPhonebook on Google I was able to locate Kromray’s address in Minocqua which appears he bought last Summer on a Trustee’s Deed from an old couple not the standard Warranty Deed when buying a home.
That was found using the Oneida County tax map viewer in Wisconsin. It shows Driven Trading LLC has his street address but instead is in FL and was never amended to be changed to WI and on DrivenTrading.com the address looks like it’s just some random building in FL, 700 S. Rosemary Ave, Suite 204, West Palm Beach, Florida 33401 which constitutes even more fraud.
Dialed their listed phone and it goes to some voicemail saying nobody available. That’s a bunch of BS if it were an actual licensed company.
Make sure to file a complaint with IC3.gov as well
I can personally confirm this is the same Cory Kromray:
rivernewsonline.com/main.asp?SectionID=6&SubSectionID=47&ArticleID=49843
@Anonymous:
Thanks for the link. The article (from December 2011) is an interesting read.
Kromray got a slap on the wrist for some pretty serious charges: felon in possion of a handgun, bail jumping, drug dealing… Said he’d never be in legal trouble again, blah, blah, blah.
Over a decade later, he’s running scams. Color me unsurprised.
He doesn’t actually own the car it’s just from dumb Luxury Lease company…..just wait until the Feds step in and both him and his koolaid sipper of a “wife” get their asses thrown in prison
I DON’T Get it ……
How come these guys are still Operating ……. They are going from State to State driving around in Rented Luxury Vehicles to make it Look like something it is NOT …..
I believe they are Not Even Registered with the Properly Governing Agencies ……
Wow! I am in Driven and purchased 3 NFT’s ♀️
I guess maybe other rumors I’ve heard really could be true after reading this article and comments as well!
Sorry for your loss.
Are you all absolutely sure he has commuted securities fraud? I get they may be unlicensed, but do their disclaimers and policies possibly help them from being prosecuted?
It’s hard to imagine they would slip up on that since it would be obvious that it wouldn’t be sustainable then.
It also doesn’t make much sense that they continue to operate without being shut down, it almost seems like they aren’t aware of wrong doings or they are protected/covered some how.
Just my thoughts, and I’m open to anyone else’s insight or opinions.
The SEC’s Edgar database is publicly searchable, you can check yourself.
You can’t “disclaimers and policies” your way out of securities fraud.
Happens a lot more than you think. BehindMLM is full of “hur dur not securities fraud” scammers who eventually got sued by the SEC.
How can we be 100% certain that they have committed securities fraud?
Trust me, Cory Kromray has a history of being a criminal as he is a tax evader, reckless speeding, and he was sued from a similar startup he attempted called Market Kings LLC a few years ago!
He needs to get locked up and Driven needs to get shut down!! Look on the Wisconsin Circuit Court database and you will see! wcca.wicourts.gov/
You can look up whether Driven Trading is registered with the SEC.
They’re not, which confirms Driven Trading has and continues to commit securities fraud.
I was in Driven too but exited after all the BS “delays” to the automated trading.
When they released those NFT’s, I knew something was up. Had time to work on those but not the automated trading everyone was paying for. Jerks.
What are the rumours?
You need to file a complaint with the SEC and CTFC (Links are above) since you got scammed by Cory Kromray.
None of the people are licensed and the NFT “Project” was just a rug pull designed to steal people’s money (ETH).
Isaiha – I have already filed a complaint. I was just interested to hear what rumors were that Jo had heard given I’ve been booted from all groups.
While I’m not a fan of Cory, let’s not spread false information, either.
The Trustee’s Deed to convey property from the sellers to Cory and Kaylee is because the person who sold the house was a surviving Trustee of a trust belonging to his parents (probably).
I haven’t seen the trust documents, so I’m speculating both parents are deceased, thus necessitating the need to sell the home, so then it becomes the trustee’s responsibility.
There is nothing out of the ordinary about this transaction. I see this all the time. I work in mortgages for a living, so I have a working knowledge and can draw a reasonable conclusion.
It doesn’t appear to me Cory and Kaylee took anything from anyone, or scammed anyone for anything in this particular instance. Everything appears to be completely above board with a valid transfer of title.
I’m not seeing any false information. All Isaiah said was that the deed was “not standard”, and only a minority bother to set up trusts, so that seems reasonable to me.
It’s designed as that type of deed so when Kromray’s fraud MLM blows up the trustor will end up being left having to make the mortgage payments….the major issue is the fraud lawsuit on the scam NFTs project.
What’s the latest with Driven? I finally had enough and separated from them.
Scroll up and read the comments.
Why would you care to know what’s going on with them if you’re not actively reporting them to the CFTC and SEC….. I have given all I can about Driven and you all just sit there and do nothing.
I guess you like getting taken advantage of and scammed out of money?
The downfall for Kromray moron will occur at almost 1 year delay since that is what the typical process time is for a foreclosure process…… but in fact it’s going to be the old couple they have the trustee’s deed that will take the fall as they both sign their name in it (Koolaid sipper wife).
The people they tried to take advantage of are in their mid to late 80’s and thought the scam would go on forever but is ultimately fading faster than a rate they can comprehend. Useless people!!!!
I like how he tries to post on instagram like he is making $60,000 a day yet the fool can’t even pay his taxes that are subject soon to a levy….. now that’s what I call a real phony flamer idiot LOL.
I see Driven are now selling our details to a new “company” IX Global. I have received several emails giving me log in details etc and I have never even heard of them let alone signed up.
I did a little digging today after several requests to them to remove my details from their list being ignored, and discovered they are either part of Driven or have joined with them. Anyone else getting these emails?
Covered: https://behindmlm.com/companies/driven-trading-merged-with-ix-global-ponzi-scheme/
Hi Melissa!
Yes, I was in Driven and I am getting emails but haven’t read them! ♀️.
I understand they have either joined forces with IX Global or were bought out. Not quite clear on that.
They have been working at getting folks set up with all the new “credentials” sort of speaking and you can make use of both companies or one or the other.
There are different packages depending on what you want. Sorry I can’t be more informative and clear about it!
Oh I don’t want to join IX, I just keep getting emails from them with log in details and I had never heard of them before.
Now after reading a few links etc. I realise where they got my details. I left Driven maybe 12 months ago so I find it odd they are sharing closed account details.
The whole Driven/IX thing is an absolute joke. Hoping other report them like I did. I’ll never get my money back but I’d like others to know to avoid them.
I agree and don’t want anything to do with either company!
I would contact/file a complaint in the county Kromray lives in (Oneida County, Wisconsin) and I know where the exact address is in Minocqua.
You have plenty of proof and people you know that can justify the same thing that you got ripped off and that he is now part of a crypto mining SCAM.
I can’t personally post the address on here but (Ozedit: no)
It’s time to put that guy in PRISON!!!! Once a case is started they will subpoena all bank documents and or wallet addresses associated with him once they confiscate his phone!
The guy doesn’t know what is about to happen!!!
Isaiah, I am not in the US and couldn’t find much information requested when I was filling out the forms you suggested.
I submitted it with what I could and just hope others have done the same.