Flyback Solutions Review: FLYS token pump & dump Ponzi
Flyback Solutions fails to provide ownership or executive information on its website.
Flyback’s website domain (“flybacksolutions.com”), was privately registered on October 10th, 2023.
Thanks to some preliminary research from BehindMLM reader Melanie, one name we can attach to Flyback Solutions is Dennis Nowak.
In a Flyback Solutions webinar held in November 2023, Nowak is cited as Flyback Solutions’ CEO.
Nowak, who on his LinkedIn profile claims to be based out of Switzerland, appeared on BehindMLM’s radar in mid 2019.
At the time Nowak was a suspect in a Swiss investigation into MyCryptoWorld, Infinity Economics and We Go Crypto.
MyCryptoWorld was an MLM shitcoin pump and dump scheme. Infinity Economics and We Go Crypto were non-MLM crypto fraud schemes.
Unfortunately the outcome of the Swiss investigation is unclear.
After his stint as a crypto bro, Nowak fell back on his position in LavyLites.
LavyLites is a Hungarian MLM company that appears to have been in decline for most of 2020.
Circa mid 2016 BusinessForHome clocked Nowak’s LavyLites income at $80,000 a month.
Nowak’s LavyLites income collapsed toward the end of 2020. In October 2020, Nowak published an email begging Lavylites pay him an alleged one million euros in unpaid commissions.
Nowak threatened legal action but as far as I know nothing came of it.
Nowak went on to launch Elixoo in early 2021.
Elixoo, since collapsed, was a pay-to-play MLM pyramid scheme built around bizarre meteorite powder supplements.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Flyback Solutions’ Products
Flyback Solutions has no retailable products or services.
Affiliates are only able to market Flyback Solutions affiliate membership itself.
Flyback Solutions’ Compensation Plan
Flyback Solutions affiliates invest USD equivalents in cryptocurrency into FLYS token.
FLYS token is a shit token created by Flyback Solutions. It is worthless outside of the company.
Flyback Solutions affiliates invest in FLYS in the hope they can cash out a passive return. This is reflected in Flyback Solutions’ marketing;
Register now with a Flyback Team Link and buy $FYLS at a low price in the presale.
The MLM side of Flyback Solutions pays on recruitment of affiliate investors.
Flyback Solutions Affiliate Ranks
There are seven affiliate ranks within Flyback Solutions.
Along with their respective qualification criteria, they are as follows:
- Level 1 – sign up as a Flyback Solutions affiliate
- Level 2 – generate $100 in downline investment volume
- Level 3 – generate $200 in downline investment volume
- Level 4 – generate $400 in downline investment volume
- Level 5 – generate $800 in downline investment volume
- Level 6 – generate $1600 in downline investment volume
- Level 7 – personally invest $6400 in FLYS or generate $3200 in downline investment volume
Referral Commissions
Flyback Solutions pays referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Flyback Solutions caps payable unilevel team levels at seven.
Referral commissions are paid as a percentage of cryptocurrency invested across these seven levels based on rank:
- Level 1 ranked affiliates earn 10% on level 1 (personally recruited affiliates)
- Level 2 ranked affiliates earn 10% on level 1 and 3% on level 2
- Level 3 ranked affiliates earn 10% on level 1 and 3% on levels 2 and 3
- Level 4 ranked affiliates earn 10% on level 1, 3% on levels 2 and 3 and 2% on level 4
- Level 5 ranked affiliates earn 10% on level 1, 3% on levels 2 and 3 and 2% on levels 4 and 5
- Level 6 ranked affiliates earn 10% on level 1, 3% on levels 2 and 3, 2% on levels 4 and 5 and 1% on level 6
- Level 7 ranked affiliates earn 10% on level 1, 3% on levels 2 and 3, 2% on levels 4 and 5 and 1% on levels 6 and 7
Flyback Pools
Flyback Solutions takes 8% of invested cryptocurrency and uses it to fund four Flyback Pools.
Flyback Solutions affiliates are able to qualify for a share in the pools by meeting additional investment volume criteria:
- Pool 1 – recruit three affiliates who have each invested at least $500, or generate $1000 in total downline investment volume
- Pool 2 – recruit six affiliates who have each invested at least $1000, or generate $5000 in total downline investment volume
- Pool 3 – recruit fifteen affiliates who have each invested at least $1000, or generate $25,000 in total downline investment volume
- Pool 4 – recruit thirty affiliates who have each invested at least $1000, or generate $50,000 in total downline investment volume
Gold Cashback
Flyback Solutions claims to use 10% of invested funds to purchase gold.
With 10% of your deposit, gold is automatically purchased and sent to you.
So you don’t rely on a piece of paper certifying that you own it, but hold it in your hands shortly after your deposit.
Shipping costs aren’t disclosed.
Joining Flyback Solutions
Flyback Solutions affiliate membership is free.
Full participation in the attached income opportunity requires an investment in FLYS tokens.
Flyback Solutions solicits investment in various cryptocurrencies.
Flyback Solutions Conclusion
Flyback Solutions’ FLYS token doesn’t appear to offer anything over the thousands of existing tokens out there.
Flyback Solutions don’t provide any technical details for FLYS. Not that it matters.
The only reason people invest in FLYS is the hope they’ll be able to eventually cash out subsequently invested funds.
$FLYS presale starts at 16th of November 2023. Make sure to register on launch date to get the best token prices.
In an attempt at legitimacy, Flyback Solutions provides a paper-thin external revenue ruse:
At least a quarter of all presales transactions flow into Treasury. The addresses of the treasury are made public at a later date.
Liquidity is built up from this treasury for the trading pairs on PancakeSwap, marketing and events are paid for and many buybacks are made.
No verifiable evidence of Flyback Solutions generating external revenue via trading or any other method is provided.
Such evidence would be audited financial reports, periodically filed with regulators. This is a legal requirement, without which Flyback Solutions is committing securities fraud.
Hardly surprising given Dennis Nowak’s track record.
Flyback Solutions confirms at least one instance of recycling invested cryptocurrency to fund its compensation plan:
A total of 8% of all deposits from the presale flow into the flyback pools. This 8% is distributed equally among all pools.
In the absence of verifiable evidence to the contrary, it follows the rest of Flyback Solutions is solely funded by new investment. This would of course constitute a Ponzi scheme.
Another potential point of concern is Flyback Solutions’ compliance with international money laundering laws.
As per the above marketing slide, Flyback Solutions advertises a “Flyback Card” with a MasterCard logo that doesn’t require KYC.
This would most certainly be illegal in any country with a regulated financial market. Notwithstanding MasterCard having nothing to do with it.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will leave Flyback Solutions unable to pay withdrawals, eventually leading to a collapse.
Being a token based pump and dump scheme, Flyback Solutions’ collapse will create a bunch of FLYS token bagholders.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Dennis Nowak introduced his new business partner in a Flyback Leader Call yesterday. His name is Marcel Haas and he reportedly lives in Berlin:
share-your-photo.com/28b8628f4d
Marcel Haas calls himself a Pruvit Leader. He introduced himself as an MLM fan in a German MLM magazine.
share-your-photo.com/893fe9ffc7
share-your-photo.com/714be0cc1b
direct-selling-magazine.de/marcel-haas/
Marcel Haas on Facebook:
facebook.com/marcel.haas1
The keynote speaker was of course Dennis Nowak and it was almost unbelievable what he promised if someone was willing to buy the Flyback Gold Card. I just shook my head in horror!
More later, when I’ve recovered from the shock.
Dennis Nowak was disappointed that only 26 people took part in yesterday’s Flyback Leader Call. He had expected 300 to 400 participants.
Twelve participants only gave their first names. Why?
Marcel (full name Marcel Haas) – Boris (team-member) – René – Elisa – Michael – Chris – Oliver – Hannelore – Uwe – Micha – Dietmar – Uwe
Their full names were given by
Albert Kruck – Josef Fürbass – Ender Kara (speaks Turkish) – Willibald Richard Perner – Peter Marquardt – Rita Knoller – Reimund Beuleke – Doris Mehta – Ramona Kunter – Johannes Georg Mandl – Ines Müller – Rainer Steuer – Brain Miller – Peter Hösle
Dennis Nowak also mentioned yesterday that Flyback Solutions now reportedly has 3,105 members.
Dennis Nowak yesterday:
share-your-photo.com/98edf84305
Marcel Haas yesterday:
share-your-photo.com/52599aaf31
Dennis Nowak has repeatedly described himself as a Master Distributor at Flyback Solutions. He is ranked #3 on the leaderboard and has allegedly already received twelve “gold bars”, but they only weigh 1 gram!
share-your-photo.com/e02e85ec9b
youtu.be/lK1V_QupIZw?t=387
Dennis Nowak claimed yesterday on the Leader Call that 1 gram of gold has a value of 100 dollars. That was a lie! The following list shows that one gram of 999 gold costs only $67.06. And if the Flyback Solutions “gold bars” are only 333 gold, 1 gram costs only $22.33.
share-your-photo.com/d4f1b9d213
goldpreis.de
If Dennis Nowak is really only a Master Distributor, who is the inventor and mastermind of this new scam?
share-your-photo.com/b5639e1203
The domain flybacksolutions.com was registered on October 10, 2023 in Germany and updated yesterday:
share-your-photo.com/c2309f910e
Almost 130,000 visitors per month sounds impressive:
share-your-photo.com/f1999ff2a2
But if 100% of all visitors come from Germany, Flyback Solutions will certainly not become an international business:
share-your-photo.com/ca0b742ae2
The Flyback Solutions Crypto Gold Card recommended by Dennis Nowak is obviously a normal VISA card, as can be seen in this video:
share-your-photo.com/fe37e2753d
youtube.com/shorts/BDJ3OIZUay0
Quote from a German website.
share-your-photo.com/308c3b8228
deutschland-kreditkarte.de/news/was-ist-visa-166.html
Does anyone know whether you can also pay with cryptocurrencies using a VISA Card? I only use the card from my bank.
Nope. Crypto will be converted to fiat before they touch Visa’s network.
The Flyback Solutions team member “Boris” I mentioned in comment #2 is probably Boris Enver Nowak, 40 years old, from Hamburg.
Dennis Nowak founded the company STB Promotion GmbH in Stuttgart in June 2005 and was the first Managing Director of this company. Boris Enver Nowak became Managing Director in October 2007.
share-your-photo.com/ac519d2322
In September 2010, this company was closed due to lack of assets (bankruptcy).
companyhouse.de/STB-Promotion-GmbH-Stuttgart
companyhouse.de/p/Boris-Enver-Nowak-lJ9VTYPI8nembGCQnvfsZkiXWXU
Dennis Nowak was also involved in Mike Koschine’s KB Gold scam. Press release from October 18, 2010:
share-your-photo.com/113e67d11b
openpr.de/news/476591/Dennis-Nowak-verlaesst-KB-Gold.html
The review:
https://behindmlm.com/companies/kb-gold-review-european-based-gold-investment/
On January 3, 2019, the German serial fraudster Dennis Nowak founded Nowak Consulting AG in Oberwil (Switzerland). This company was dissolved on November 10, 2020 due to lack of assets (bankruptcy) and deleted from the commercial register.
share-your-photo.com/c6a0fb5b29
moneyhouse.ch/de/company/nowak-consulting-ag-in-liquidation-20113503451
Can’t the Flyback scammers find any fools who want to buy the Flyback Gold Card? New email from German serial scammer Dennis Nowak today.
share-your-photo.com/dc6b498bb1
Dennis Nowak and Marcel Haas have advertised that the Flyback Crypto Gold Card does not require a KYC! But what do I see in the graphic on the right?
share-your-photo.com/c3e11e730c
On November 28, 2023, I mentioned the German website flyback-solutions.de:
https://behindmlm.com/mlm-reviews/elixoo-review-meteorite-powder-products-because-why-not/#comment-474943
With 56 visitors per day from Germany (79.75%) and Austria (20.25%), the anonymous operator is certainly not getting rich.
share-your-photo.com/2aead70ed0
Addition to comment #7.
Dennis Nowak confirmed yesterday in a FLYBACK TEAM CALL that “Boris” is his brother Boris Nowak, who has taken over the support of Flyback and lives in Hamburg. I have made two screenshots of Boris Nowak:
share-your-photo.com/5e3025cb8f
share-your-photo.com/31c7615a35
Marcel Haas, who was announced by email, did not take part in the team call. No reason was given for his absence.
share-your-photo.com/52ec49a87e
During yesterday’s team call with Dennis and Boris Nowak, the Flyback Gold Card was shown. On the left a large Bitcoin logo, on the right below the VISA lettering:
share-your-photo.com/e9108fbaf2
It was also explained how to fill in the KYC form.
@melanie
Flyback-solitions.de is made by “Danny”, who has a long connection to Nowak since smarttradecoin.
@anonYm
If “Danny” is a German, his name is probably Daniel, because the name Danny is not common in Germany.
On February 15, 2024, German serial fraudster Dennis Nowak (right) spoke about Smart Trade Coin in a video.
share-your-photo.com/7f9b79e32f
youtube.com/watch?v=6RFi7MwM0RM
Dennis Nowak begins the interview with the following sentence:
I stopped here. Maybe I’ll listen to his other lies at a later date. 🙁
An hour ago I received another email from Dennis Nowak!
share-your-photo.com/57d18d2693
The number of visitors to flybacksolutions.com is dropping, but I didn’t expect 70.70% of the visitors to come from Austria. Germany follows with 15.23% and Cyprus with 12.30%.
share-your-photo.com/8652a5bd3f
Marcel Haas mentioned yesterday during a business presentation that he will be back in Vienna to make new contacts.
One thing first. It is wrong to claim here that Flyback Solutions has no retailable products or services.
There are two credit cards: a purely virtual crypto debit credit card and a physical crypto debit credit card. In my eyes, these are two products that you can touch, that you can use and that work.
The thing with the $FLYS token is another matter – if it works with the token, then you have a bonus and if not, then you have this credit card and the conditions are indeed not bad.
So why is Flyback being portrayed so badly here?
Neither of which is sold as a retail product within Flyback Solutions’ MLM opportunity.
If what works? Stealing money from people who invest after you?
If you want to steal money from people just say so. Stop making excuses for scammers.
So I can’t detect any scam here, at least not yet. The virtual card works and such cards cost money – in this case $100 and that’s it.
Nobody has to pay attention to this §FLYS token. You buy this card – or the golden physical card and that’s it… I don’t recognise any scam ?!
*ignores the FLYS pump and dump Ponzi scheme and securities fraud*
bUt I cAnT sEe AnY sCaM!
Nobody is signing up to Flyback Solutions for some shitty card. Stop being a disingenuous numpty.
I’m also German Melanie 😉
Denny is used, but could be, his real ne is Daniel. he calls himself bitcoin king, bitcoin.es Danny, Danny etc.
he lives now on Mallorca and was on nowaks side since stc. he was the one, who pushed the German community to buy the stc token at the end, so Nowak knows, how money can be made with token.
flyback is now promoted by more and more German YouTubers (only German, Nowak knows the Germans are paying good).
there are other projects, which are offering virtual cards without any contribution of coins or something – that’s a solid business in my eyes.
of course a physical card costs money, production, shipping, activation etc… but to be honest, the fees at flyback are huge, for the physical cards they are not even announced yet, but I guess around 4-5% it will be.
I am very very good connected in the business, just believe me, Nowak is the owner of flyback and he will scam with the presale investments.
how this thing should be listet with that price ? just calculate yourself:
30% affiliate comission
10% cashback in gold (it will never happen)
a gold bar for each physical card owner
the real ongoing cost ls for the cards
the producing and shipping of the cards
and sure more I didn’t mention
so approximately 50% of the incoming amounts from presale buyers is already gone, how a listing with that low liquidity can be done?
impossible.
plus: the card programm of the issuer who is selling it to flyback as a Whitelabel cost 20k+ – Nowak has to come to roi, he loses 50% of the presale amounts by paying commission and other stuff… he never will list that shitty token, live in Dubai is expensive;).
Thank you for this Page, it beware me to invest to another Shitcoin-Scam-MLM-Project.
The German serial fraudster Dennis Nowak had advertised that no KYC is required for his Flyback Gold Card. Today I received the following email.
ibb.co/rxKw0z3
New email from the German serial fraudster Dennis Nowak.
ibb.co/bF97Jcn
@anonYm
Dennis Nowak has announced the following guest for today’s business presentation:
I assume that this is the “Danny” you mentioned.
ibb.co/r0gNxYC
The identity of Daniel Schollerer from Germany has been established. He apparently lives in Mallorca and runs the YouTube channel UpTrend with 6,190 subscribers and 1,158 videos. Some of his videos have more than 10K views.
youtube.com/@up-trend
He presents new projects and at the same time warns against dubious or failed projects. This gives him a certain credibility.
ibb.co/jZ7K4vQ
Nevertheless, nobody should believe that Daniel Schollerer is an honest person, because in his imprint on YouTube and flyback-solutions.de he gives an address in St. Petersburg, Florida, where he definitely does not live. Of course, he cannot be reached by phone either. This is a violation of the German Telemedia Act.
ibb.co/qJk4xgY and ibb.co/85L2sNJ
In addition, the email address is still missing on flyback-solutions.de, although it has been announced!
Daniel Schollerer offers a free download on his website danielschollerer.com/checkliste/, but there is no imprint at all.
ibb.co/w09znZ7
Quote from an email that reached me yesterday.
A list of 32 countries from Afghanistan to Zimbabwe is given.
ibb.co/bHC3NC1
the Danny I mentioned has the real name “Daniel stein”
The Gold Credit Card is treated as a business credit card in some places. If this applies, the user is not even the owner of the value booked on the card.
It’s a very dangerous and sketchy way to use a credit card and could bring you to jail for money laundering and tax avoidance.
German serial fraudster Dennis Nowak writes by email today:
postimg.cc/LhCT4RWs
These crypto cards are cool. Even the FCA has now an eye on them and the infrastructure.
fca.org.uk/news/press-releases/olumide-osunkoya-pleads-guilty-illegally-operating-crypto-atm-network
The next email from German serial fraudster Dennis Nowak.
postimg.cc/jWYh8ntF
German serial fraudster Dennis Nowak wrote by email today:
postimg.cc/68pC71sS
Hi to everybody!
I’ve just seen negative arguments from more or less the same people here, so I want to write my own opinion of and experience with Flyback.
As someone, who has already experienced fundamental losses via scam, I was and am very careful concerning MLM-driven businesses.
In my opinion a scam just sells a bunch of air and as air does not cost anything, they can offer unbelievable commissions to the people, who, and I must admit I’ve been one of them, let their greed rule over their mind. That’s why they believe the promises of such scam makers.
And when there is no money from the base of the pyramid, the founders of those scams get lost and are never seen again. For this reason, I never wanted to invest into any crypto-driven MLM again.
But when I learned about Flyback, I saw that they’ve not got just a bunch of air but they got a real, touchable and working product (I myself got their Gold-Card and it’s been working like a charm since I got ist) and their turn-over is not just MLM-investments but also revenues by selling their card products and generating payment fees.
Also the token concept by paying out card top-up rewards via their FLY token has the chance to generate demand for it. And that’s why I invested into Flyback.
Is this a guarantee for success? No, like there is a risk in everything, but the probability that it may be successful is a lot higher than in any other MLM-driven crypto offer I’ve seen so far.
Flyback Solutions is committing securities fraud because the business model is a Ponzi scheme.
After going public in November 2024, FLY did the Ponzi pump to 7 cents. It then dumped as the admins and early investors cashed out. FLY is currently sitting at 2.1 cents.
If you still have FLY tokens congratulations, you are the greater fool.
Despite claiming to be “very careful” you fell for yet another cookie-cutter MLM crypto scam. Sorry for your loss.
Hi Oz,
please believe what you want to believe. I do not want to change your mind. I am just telling about my own experience here.
And what I can tell you about my research on the FLY token is, that its volume is not blurred by any wash trading, as it is with most of the tokens, which really are scam.
And that some token owners cash out at the beginning (and the token’s just been on the market for about 1 month now) should be of no surprise (as it is the same with other serious tokens), but the realized profits (today there was just a volume of 5000 USD) don’t seem to be very attractive even for Flyback to sell their tokens at this low price.
I don’t know the exact numbers of their tokenomics, but they will need to buy back a lot of FLY tokens to be able to pay them as top-up rewards and investor shares.
So you cannot judge about a business, which is still in its start-up phase. Even that some of some of the big companies in the world would have success in their startup phase was not guaranteed.
By the way, have you yourself used a Flyback card or made any other fundamental experience with them, so that you can prove your statements as 100% safe?
If not, then throwing around your private statements and opinions as if they were the only truth and calling other people fools, who arrive at a different conclusion because of their own research and real experience they made with the products and services of Flyback, does not create a reputable impression of your own person instead.
Whatever you may now reply to this, I’ve said everything I wanted to say and I will leave this statement as it is for all the other followers of this site, so that they will be able to make up their own minds.
Fuck your beliefs. Facts only.
The owners and early investors already cashed out. You and the remaining handful of suckers in Germany and Austria are the FLY bagholders.
1. There are no exemptions for “start-up phase” in securities regulation in any jurisdiction.
2. I reviewed FlyBack Solutions in May 2024, seven months ago. The token went public and was Ponzi pumped and dumped. It’s already over.
You can verify Flyback Solutions is not registered to offer securities in your country. That will prove securities fraud.
MLM + securities fraud = Ponzi scheme.
Sorry for your loss.
The fly token did not live up to its name. Traded best on opening day (pump and dump, anyone?) at 7 cents, its achieved a brief rally to an almighty 5 cents before drooping along as it is currently at around 2 cents.
Even you have to admit this is not exactly bitcoin territory here. Any amount of reasoned due diligence would say steer clear of this. Where are the audited financials? Oh, apologies – it wont make it that far.
(Ozedit: derails removed)
First of all, I don’t know, what you are talking about securities all the time (Ozedit: snip, see below)
So much for “being careful”. This is the reason you keep falling for scams.
I’d suggest you go read up on securities law as it related to passive investment schemes, but we both know you’re not going to do that.
I think we’re done here. Sorry for your loss.
And please also be so kind and give us the exact paragraph and the exact securities lawbook, which explains the details on how to distinguish a utility token and a security.
Thank you!
Look up the Howey Test and apply it to Flyback Solutions’ investment scheme.
Whether FLYS is a utility token or security in and of itself is irrelevant to Flyback Solutions’ investment scheme being an unregistered securities offering.
(Ozedit: derails removed)
Thank you for mentioning the Howey Test (I didn’t think of it either) because this will really help us to identify if Flyback is offering a security, which requires regulation, or not.
These are the 4 questions of the Howey Test, which must be answered to do this. If all of these answers are a clear “Yes”, then Flyback really proposes a security offer. If some or all of them are “No”, then Flyback does NOT propose a security offer.
So these are the answers, which I got about Flyback on the Howey Test:
* A party invests money:
No! Flyback customers are primarily buying a real and working product: (Ozedit: snip, see below)
Yeah so the thing about the Howey Test is it doesn’t work if you’re dishonest.
Flyback Solutions solicits investment into its FLYS token.
From Flyback Solutions’ own quoted marketing:
That’s prong 1 satisfied. Try again.
Yes you bought FLYs in order to get virtual or physical debitcards with them. For FLYs of a value of 100$ you got virtual debit cards and for FLYs of a value of 1000$ you got a physical debit card.
And since the card presale phase ended a month ago, they now got standalone card packages, where you get virtual or physical debit cards (or both) and FLY tokens as a bonus on top. And you also may engage in network marketing for Flyback, if you own such a card package. But you don’t need to.
It’s your free decision, but there is a high probability that you will promote the cards if your are satisfied with them.
Calling an investment a “bonus” doesn’t make it any less of an investment.
Thank you for confirming Flyback Solutions affiliates invest in FLYS tokens. Prong 1 of the Howey Test satisfied. We can move onto prong 2 now.
I did not say people made an investment in FLY tokens. I said they bought it to get cards with them. So they finally bought the cards product in first place and not tokens.
But yes, we can move onto 2, if you want.
Again, thank you for confirming Flyback Solutions affiliates invest in FLYS tokens.
Prong 1 of the Howey Test satisfied, we can move on to prong 2 now.
The only thing I can and will confirm is, that people bought a voucher in form of a blockchain token to get a debit card. But everybody here is invited to make up his personal mind on this.
Now we move on:
* in a common enterprise:
Yes, Flyback is a common enterprise selling real products but No!, it is not selling any shares or investments in the company and also the token does does not represent any ownership or share. It is, as mentionend above, just used for marketing purposes.
If people decide to open a trading pool on a DeFi exchange with their bonus tokens (anybody can do this, you just need a smart contract wallet like MetaMask and the two tokens you want to provide as liquidity for this pool), it is their free decision and only by this the token will get a value on the market, as we can currently see on pancakeswap. For what I know, this existing pool on pancakeswap was opened by big private owners of FLY tokens.
Therefore Flyback itself has announced, that they will buy tokens from such pools in order to be able to pay their top up rewards and cash-backs to the customers. So Flyback in fact even acts as a token buyer in this case.
Thank you for confirming Flyback Solutions affiliates invest into a common enterprise.
Prong 2 of the Howey Test satisfied. We can move on to prong 3 now.
Please be so kind and mark me the exact sentence where I said that people “invested” in a common enterprise (this is just the wording of the Howey question):
I just wrote, that Flyback “is” an existing common enterprise or company, if it makes my above statement clearer, which it, of course, has to be in order to be able to officially sell card products on behalf of its card providers.
Right here and after we already confirmed prong 1 had been satisfied:
With two prongs of the Howey Test satisfied we can move on to prong 3 now.
(Ozedit: derails removed)
Now to 3:
* with the expectation of profiting:
No! Card users don’t expect any profit, they just want to use the product in first place, like me.
Here’s just one of many examples of Flyback Solutions representing an “expectation of profits” to consumers:
x.com/Flybacksoln/status/1837028878511935810/photo/1
Whether you pretend to give a crap about the cards (“I’m just in it for the tech!” crypto copium), is neither here nor there.
With prong 3 of the Howey Test satisfied, we can now move on to prong 4.
I’m sorry, Oz, but I just get a “Not found” result when clicking this link. So I cannot verify that Howey 3 should be satisfied by it.
(Ozedit: derails removed)
Works for me but here’s a screenshot:
With prong 3 of the Howey Test satisfied, we can now move on to prong 4.
Sigh, why did you remove part of my comments again, Oz. I thought we could have a honest discussion here and not only the parts you like to be published.
But in the hope that you will republish the comments, which you (partly) removed from above I will comment your screenshot: The card voucher tokens will get more and more valuable as the card product itself will get more and more valuable and therefore you can get more free Flyback services with them as more and more people are using the cards.
And I cannot see an investors profit in a voucher by which the company will give you free product services like McDonalds will grant you with the vouchers you can find on their burger boxes.
Whataboutism doesn’t change the fact Flyback Solutions is marketing investment into its FLYS tokens to consumers with the expectation of profits. The screenshot is just one recent example. Flyback Solutions has been doing this since launch.
With prong 3 of the Howey Test satisfied, we can now move on to prong 4.
We are having an honest discussion. This isn’t FaceBook, anything offtopic or a derail gets removed. And I’m being and have been extremely patient here.
Whether I like or don’t like what’s in your comment is neither here nor there.
There was no off-topic or derail in any form in my comments so far, Oz, you know that.
But as I am really trying to provide profound information for all of the users here, let’s go to to 4:
* based on the efforts of a third party
Yes, Flyback offers network marketing for self-employed entrepreneurs, who want to earn commissions by promoting and selling just the Flyback card products (tokens are a free on-top give-away, if you remember).
Otherwise we wouldn’t be discussing about it on behindmlm, right? But these network marketers don’t sell any shares in the company, they just promote the card products and the possibility for other people to earn commissions by promoting these card products. This is how serious network marketing works, isn’t it?
Um, what? None of that has anything to do with prong 4.
A Flyback Solutions affiliate can’t individually do anything to make FLYS “number go up” as advertised. If FLYS “number go up”, enabling earlier investors to cash out a ROI, that happens “based on the efforts of a third-party”.
With all four prongs of the Howey Test satisfied we can move onto you verifying Flyback Solutions is not registered with the SEC (or your national securities regulator if outside the US).
I cannot agree to your conclusion as NO ROI can be cashed out by any token owner nor the company no matter when he or she got his or her free token reward by buying a debit card, if the daily trading volume in the pool, which is independently run by private persons, is at 630$! (Ozedit: snip, see below)
You seem highly confused.
You aren’t promoting cards, the card is an auxilliary mechanism.
You are promoting FLYS tokens,these tokens have no value or use other than having a “price” that is going to “go up”. And an investment product. Both of these are securities and thus fall under the Howey Test which has been explained to you previously.
Since Flyback is not registered to provide such securities they are breaking the law,and as you are not registered as a broker either so are you.
Congrats.
Flyback Solutions having already collapsed (admins and early investors already cashed out), has nothing to do with “number go up” being out of the hands of investors.
Having established the “number go up” that facilitates a ROI is initiated by a third-party (i.e. nothing an individual investor does contributes to the ROI), the fourth prong of the Howey Test is thus satisfied.
If we circle back to #39, Flyback Solutions collapsing has already been addressed. It was also highlighted as an inevitable outcome in the review itself:
With all four prongs of the Howey Test satisfied we can move onto you verifying Flyback Solutions is not registered with the SEC (or your national securities regulator if outside the US).
Or not.
In what appears to be an attempt at “gotcha” moment Hans left a comment on the about section of BehindMLM. It’s an offtopic derail for obvious reasons (classic main character syndrome), but here’s an excerpt:
While I’ve been nothing but honest and genuine in this discussion, Hans has not. Sadly I don’t expect anything less from scammers. Deception is, after all, part of their toolkit.
While Hans’ dishonesty and disingeniousness has wasted some of my time, overall the education to others makes it worth it.
I have and will always stand by analysis published on BehindMLM and I’m more than happy to elaborate if required. Common sense and logic beats deception and dishonesty any day of the week.
More to the point, if you’ve read the above review and followed the discussion, you’ve got a literal roadmap to confirm Flyback Solutions is committing securities fraud and operating illegally.
Anyone joining and investing in Flyback Solutions at this late stage (i.e. Hans’ claimed potential victims), is setting themselves up as an even bigger greater fool for the existing desperate FLYS bagholders to dump their worthless Ponzi shitcoins onto.
Goodbye Hans, best of the luck with the scamming.
@oz
Hans is one of the admins from the official flyback group and part of the support, he has to defend the project
@hans
it was clear from the beginning, that d.n. has to scam vie the token. all the money which was made, Nowak just put 100k in the liq, where is the rest ? as you can see on the Blockchain, the contract creator is still holding more than 1M coins… ready to dump it totally XD
@all
Nowak official left flyback, due to inner reasons… a new project, called Swipe-X, will be launched soon, it’s basically the same, but without token, also ran by Nowak. believe me or not, as I mentioned many times, I am very well connected. also interesting who else is connected in the inner circle of flyback. socialswap and dripx scammer Alois köhle ist also Part of that “team”
Be nice if Hans disclosed that. Just more deception to add onto the pile of fraud I guess.
Another business presentation is taking place today.
postimg.cc/TycfkSfw
The guy who wrote comments #36, 38, 41, 43, 45, 47, 49, 51, 53, 55, 57, 59, 61 and 63 is not called Hans Hilch, but Johannes Heimhilcher and lives in Austria.
The usual short form of Johannes is Hans. Why is he writing under a false name? Does he have something to hide? 😀
Johannes Heimhilcher was the speaker in the webinar that took place yesterday.
postimg.cc/64dPwMfP and postimg.cc/6yXSzN9x
The lettering PUTinCoin can be seen on his baseball cap. I found his website putincoin.org with the Flyback logo.
postimg.cc/9z9zfHSs
On putincoin.org “Nimtup” wrote on August 6, 2024:
postimg.cc/9zjzrF9Z
There was also a link to this video from August 6, 2024 on the YT channel The Real PUTinCoin with Johannes Heimhilcher and the German serial fraudster Dennis Nowak, which of course was not listed.
postimg.cc/Yv7vZ2rt
youtube.com/watch?v=d3boosjsRgE
Johannes Heimhilcher‘s YT channel The Real PUTinCoin exists since April 2021, contains 13 videos and has only 46 subscribers.
postimg.cc/14XLQDCz
youtube.com/@therealputincoin
More details will follow later.
On X.com, Johannes Heimhilcher claimed on September 1, 2024:
postimg.cc/9wR451N9
x.com/coin_put
Johannes Heimhilcher registered the domain putincoin.org on March 25, 2017 and updated it on February 24, 2024.
postimg.cc/8JgP3Ngh
Johannes Heimhilcher’s website putincoin.org is a real success model with only one visitor per day! 😀
postimg.cc/V0bgNqVy
Johannes Heimhilcher registered the domain heimhilcher.net privately on January 26, 2021 and updated it on January 4, 2025.
postimg.cc/Z0MKt8mb
The website heimhilcher.net has never had any content.
postimg.cc/vc8nZLgp
heimhilcher-grafikagentur.com is another website by Johannes Heimhilcher that has never had any content. The domain is parked.
In addition to the well-known scam portal flybacksolutions.com, another website for this scam has existed since August 20, 2024.
flybacksolutions.info
This domain was also registered privately.
postimg.cc/4KKfLnKL
The imprint on the German-language website names Flyback Solutions LTD as the operator with a PO Box address in British Virgin Island and no email address. The English version of this website does not contain a link to the so-called “imprint”..
postimg.cc/bd0tHFfG
I assume that Johannes Heimhilcher is the operator of this website, because the video there cannot be viewed.
postimg.cc/hhmrFrWg
Johannes Heimhilcher on X.com
postimg.cc/XZJwyhJG
The account has existed since June 2009, but he only has 13 followers. The photo is of course no longer up to date.
x.com/heimhilchernet
Johannes Heimhilcher on XING. There he also links to his website heimhilcher.net, which does not exist.
postimg.cc/sv2cdvPC
xing.com/profile/Johannes_Heimhilcher
This fits in with yesterday’s Flyback webinar with Johannes Heimhilcher, in which crypto cards were mainly promoted. This fraudster spoke in particular detail about crypto debit cards.
On November 13, 2024, the domain swipe-x.info was privately registered and Bavaria was mentioned as a province in Germany. The website does not contain any contact details.
postimg.cc/GTsbHv6T
This will not be the original website, as the integrated video cannot be viewed here either.
postimg.cc/mtH66mQF
The webinar from January 5, 2025 with Johannes Heimhilcher is now available as a video on YouTube.
postimg.cc/K19gC1C3
youtube.com/watch?v=EjWn_xlMXVE
PS. Has the Flyback Solutions scammer Johannes Heimhilcher not noticed that we are now in the year 2025?
I received this email from Flyback Solutions today.
postimg.cc/xNLHHF7L
Why didn’t the German serial scammer Dennis Nowak send out this email earlier? If I have to meet a deadline, I want to be notified in advance!
Another MiCA ruse exit-scam.
Ponzi go boom, Johannes Heimhilcher must be in shambles.
Oh wait, is it a collapse or are they just pretending the centrally controlled Ponzi is now decentralized?