MemeGames fails to provide ownership or executive information on its website.

MemeGames’ website domain (“memegames.ai”), was privately registered on an unknown date.

Through the WayBack Machine however, we can see MemeGames’ published a beta website in or around June 2024.

On December 17th, 2024, serial scam promoter Sal Khan cited Eric J. Dalius as MemeGames’ founder and CEO:

Eric J. Dalius, aka EJ Dalius, is a convicted felon. Dalius pled guilty to criminal charges related to “multi-level marketing fraud” in 2001.

More recently Dalius was sued by the SEC for securities fraud. The SEC’s fraud allegations against Dalius pertained to his collapsed Saivian Ponzi scheme.

Saivian solicited investment from consumers under the guise of generating revenue via selling of receipt data.

The SEC filed suit against Dalius in 2018, alleging Saivian was a $165 million Ponzi and pyramid scheme.

Between October 26, 2015 and September 1, 2017, Saivian raised millions of dollars from Cashback Members in the United States and abroad.

Most of this was misappropriated by Dalius to support a lavish lifestyle for himself and his family.

Contrary to their claims, Saivian did not generate any revenue from the sale of POS receipts.

Instead, Saivian’s revenue was generated almost exclusively from membership sales to Cashback Members themselves.

Like a classic Ponzi scheme, Saivian satisfied promised returns to some investors — in the form of 20% cashback on shopping purchases — through the investments of other investors rather than any underlying, legitimate, commercial activity.

Dalius settled the SEC’s Saivian fraud charges for $24 million in February 2023.

Amid the SEC’s ongoing litigation, Dalius launched MuzicSwipe in 2021.

MuzicSwipe is a music and content discovery platform designed to maximize new music discovery and optimize the artist to fan relationship.

MuzicSwipe appears to have been abandoned in late 2023. MuzicSwipe’s website has since been disabled.

Now, Dalius has reemerged with MemeGames.

Read on for a full review of MemeGames’ MLM opportunity.

MemeGames’ Products

MemeGames has no retailable products or services.

Affiliates are only able to market MemeGames affiliate membership itself.

MemeGames’ Compensation Plan

MemeGame affiliates invest in MG Coin, an internal points system created by MemeGames to track affiliate investment.

  • 1 Star Founder – invest $1000 and receive 1000 MG Coins
  • 2 Star Founder – invest $2000 and receive 2000 MG Coins
  • 3 Star Founder – invest $3000 and receive 3000 MG Coins
  • 4 Star Founder – invest $4000 and receive 4000 MG Coins
  • 5 Star Founder – invest $6000 and receive 6000 MG Coins

Once invested in MG Coin is used to participate in a three-tier investment scheme dressed up as a game.

MemeGame’s “game” sees affiliate investors log in and click a button.

Two options are presented, supposedly corresponding to one of two memecoins (third-party scams in their own right), increasing in value of the next 24 hours.

Investors “win” if their chosen memecoin increases in value over the other memecoin option.

Using this model, MemeGames pitches consumers on passive returns of up to 1000% every 8 hours, paid in MG Tokens

  • invest at the 10 MG Coin tier and receive 100 MG tokens if you place in the top 1%, 90 MG Tokens in the top 2%, 80 MG Tokens in the top 3%, 70 MG Tokens in the top 4%, 60 MG Tokens in the top 5%, 50 MG Tokens in the top 6%, 40 MG Tokens in the top 7%, 30 MG Tokens in the top 8%, 20 MG Tokens in the top 9% and 10 MG Tokens in the top 10%
  • invest at the 25 MG Coin tier and receive 250 MG Tokens if you place in the top 1%, 225 MG Tokens in the top 2%, 200 MG Tokens in the top 3%, 175 MG Tokens in the top 4%, 150 MG Tokens in the top 5%, 125 MG Tokens in the top 6%, 100 MG Tokens in the top 7%, 75 MG Tokens in the top 8%, 50 MG Tokens in the top 9% and 25 MG Tokens in the top 10%
  • invest at the 100 MG Coin tier and receive 1000 MG Tokens if you place in the top 1%, 900 MG Tokens in the top 2%, 800 MG Tokens in the top 3%, 700 MG Tokens in the top 4%, 600 MG Tokens in the top 5%, 500 MG Tokens in the top 6%, 400 MG Tokens in the top 7%, 300 MG Tokens in the top 8%, 200 MG Tokens in the top 9% and 100 MG Tokens in the top 10%

MG Token is another are internal points system created by MemeGames to track affiliate investment.

Investors are sorted into percentages based on the percentage difference between when they clicked a button and the closing public trading value of the memecoin option at the end of the 8 hour investment period.

Gamers whose % change rank within the top 1% will receive an award of tokens equal to ten times the game’s entry free.

From the language above, it’s not entirely clear but the “top 1%” is either measured by how big or small the percentage difference is (one extreme or the other).

Also note that

  • MemeGames investors who don’t qualify for a daily ROI receive their tier investment back (10, 25 or 100 MG Coins).
  • MG Coin investment expires after 30 days, after which new investment is required to continue earning

Cashing out passive returns sees MemeGames affiliates convert MG Coins for $200 in cryptocurrency.

The MLM side of MemeGames pays on recruitment of affiliate investors.

MemeGames Affiliate Ranks

There are eleven affiliate ranks within MemeGames.

Along with their respective qualification criteria, they are as follows:

  1. Founder – sign up as a MemeGames affiliate, generate $100 in PV and recruit three affiliate investors
  2. VIP Founder – maintain $100 PV a month and generate $10,000 in downline investment volume
  3. Elite Founder – maintain $100 PV a month and generate $25,000 in downline investment volume
  4. 1 Star Founder – maintain $100 PV a month and generate $50,000 in downline investment volume
  5. 2 Star Founder – maintain $100 PV a month and generate $100,000 in downline investment volume
  6. 3 Star Founder – maintain $100 PV a month and generate $150,000 in downline investment volume
  7. 4 Star Founder – maintain $100 PV a month and generate $200,000 in downline investment volume
  8. 5 Star Founder – maintain $100 PV a month and generate $300,000 in downline investment volume
  9. Director – maintain $100 PV a month and generate $600,000 in downline investment volume
  10. Gold Director – maintain $100 PV a month and generate $900,000 in downline investment volume
  11. Platinum Director – maintain $100 PV a month and generate $1,500,000 in downline investment volume

PV stands for “Personal Volume”. PV is combined personal investment volume plus that of personally recruited affiliates.

GV stands for “Group Volume”. GV is downline investment volume generated by a MemeGames affiliate and their downline.

Daily ROI

MemeGames pays a daily passive ROI corresponding with affiliate rank:

  • qualify at Founder and receive $5 a day
  • qualify at VIP Founder and receive $10 a day
  • qualify at Elite Founder and receive $25 a day
  • qualify at 1 Star Founder and receive $50 a day
  • qualify at 2 Star Founder and receive $100 a day
  • qualify at 3 Star Founder and receive $150 a day
  • qualify at 4 Star Founder and receive $200 a day
  • qualify at 5 Star Founder and receive $300 a day
  • qualify at Director and receive $500 a day
  • qualify at Gold Director and receive $750 a day
  • qualify at Platinum Director and receive $1000 a day

Rank Bonus

MemeGames allows affiliates to directly invest into its 1 Star Founder to 5 Star Founder ranks.

This turns the daily commissions into an investment scheme for thirty days:

  • invest $1000 for the 1 Star Founder tier and receive $50 a day ($1500 ROI)
  • invest $2000 for the 2 Star Founder tier and receive $100 a day ($3000 ROI)
  • invest $3000 for the 3 Star Founder tier and receive $150 a day ($4500 ROI)
  • invest $4000 for the 4 Star Founder tier and receive $200 a day ($6000 ROI)
  • invest $6000 for the 5 Star Founder tier and receive $300 a day ($9000 ROI)

To maintain the Rank Bonus for another 30 days, a MemeGames affiliate must personally generate 300% in investment volume over what they themselves invested.

E.g. if you invest at the $1000 1 Star Founder tier, you need to recruit others who invest at least $3000 over the 30-day period.

This is a recurring requirement every 30 days. If an affiliate fails to meet this requirement they are ranked as per the standard MemeGames affiliate ranks.

Rank Bonus Match

The more a MemeGames affiliate invests, the higher the matching bonus paid out on personally recruited affiliate Rank Bonus returns:

  • invest at the 1 Star Founder tier and receive a 10% Rank Bonus Match
  • invest at the 2 Star Founder tier and receive a 20% Rank Bonus Match
  • invest at the 3 Star Founder tier and receive a 30% Rank Bonus Match
  • invest at the 4 Star Founder tier and receive a 40% Rank Bonus Match
  • invest at the 5 Star Founder tier and receive a 50% Rank Bonus Match

Joining MemeGames

MemeGames affiliate membership is free. Note however there appears to be an $135 “active fee”, automatically deducted from earned MLM commissions:

How often this fee is deduced isn’t specified but it’s assumed to be monthly.

Full participation in the attached income opportunity requires a minimum $1000 investment.

Note that while USD amounts are quoted in this review, all payments within MemeGames are in cryptocurrency.

MemeGames Conclusion

MemeGames is a fraudulent investment scheme wrapped up in “gaming” pseudo-compliance.

MemeGames themselves provide a marketing slide that strips out the “gaming” pseudo-compliance:

In a nutshell, MemeGames operates under the “task” Ponzi model. That is, investors are required to perform a pointless task in order to qualify for a return.

The “game” side of MemeGames is pointless busybody work. It has no connection to generated returns and serves no purpose other than to facilitate financial fraud.

MemeGames’ “game” closely resembles the Chinese “click a button” app Ponzis that BehindMLM has been tracking since 2021.

MemeGames don’t bother coming up with an external ROI revenue ruse. ROI payments are thus attributed to MemeGames’ only verifiable source of revenue – new investment. This is your classic Ponzi scheme, hence the fraud.

On the regulatory side of things MemeGames’ investment scheme constitutes a securities offering.

To establish the existence of an investment contract we apply the Howey Test.

The Howey Test has four prongs which must be met:

Under the Howey Test, a transaction is an investment contract if:

  1. It is an investment of money
  2. There is an expectation of profits from the investment
  3. The investment of money is in a common enterprise
  4. Any profit comes from the efforts of a promoter or third-party

Applying the Howey Test to MemeGames we get:

  1. an investment of money ranging from $1000 to $6000
  2. an expectation of profits by way of MemeGames advertised returns
  3. MemeGames serving as a “common enterprise” investments are made with
  4. returns are generated and paid out by MemeGames (the promoter of the security)

In establishing MemeGames’ offering to be an investment contract we also establish it to be a securities offering.

At time of publication neither MemeGames or Eric Dalius are registered with the SEC. MemeGames offering unregistered securities thus constitutes securities fraud.

Outside of the SEC revisiting Dalius’ securities fraud and filing a MemeGames Complaint, standard Ponzi rules apply:

As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.

This will starve MemeGames of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they inevitably collapse, the majority of participants lose money.

Look no further than Saivian collapsing to see this in action.