Again on Might 4th I mused;
The bag the Vietnamese/Russian scammers are gearing as much as go away Daher holding is shaping as much as be epic.
The bag Daher was left holding when Metafi Yielders went on to inevitably collapse ten days later was certainly epic – purportedly to the tune of $200 million in fraud.
As a substitute of taking duty for his actions, Daher blames three unnamed Nigerians.
Right here we go…
Talking with the Sydney Morning Herald from an undisclosed location, Daher (beneath) claimed “he has been made the autumn man.”
Daher, who’s accompanied by an adviser throughout our interview, says the scheme is de facto being run a person from Nigeria.
He says he was simply contracted to be the frontman and social media producer for the scheme.
Right here at BehindMLM we seek advice from this association as a “Boris CEO”. Boris CEO Ponzis are usually arrange by Russians, therefore the identify.
I can’t rule out Nigerians being behind Metafi Yielders, however it’d definitely be uncommon.
The difficulty with Daher is you’ve gotten somebody who fronted a Ponzi scheme, lied about fronting a Ponzi scheme, even after it was identified he was a Boris CEO, who now needs everybody to consider he was, in reality, a entrance man.
How do you consider something popping out of somebody who’s demonstrated they’re a serial liar?
Daher’s claims to the SMH are purportedly supported by a signed Statutory Declaration (assume affidavit).
What good is that? As evidenced by his involvement in Metafi Yielders, Daher has demonstrated he clearly doesn’t give a hoot concerning the regulation.
Clearly Daher wasn’t working Metafi Yielders. BehindMLM referred to as it in our authentic Might 2022 MetaFi Yielders overview, and confirmed it once more in mid June.
Daher claims he was paid $2000 to entrance Metafi Yielders, plus a ten% fee. Once more if the $200 million determine is to be believed, that will’ve netted Daher $20 million in stolen investor funds.
Daher now hopes to trip off into the sundown with that cash.
Daher and his adviser have been making ready a full report they had been resulting from file with the Australian Federal Police on Friday. Daher supplied emails exhibiting he has made police stories in Western Australia and Queensland.
Daher emailed The Age and Herald final month after studying traders contacted this masthead.
In that electronic mail he supplied a statutory declaration – witnessed by a dentist within the Brisbane suburb of Bulimba – the place he denies any duty for the scheme.
He emphatically denies any involvement within the closure of the location and the alleged disappearance of investor funds.
Australia’s popularity for regulating MLM associated securities fraud is notoriously lazy. Scammers love the nation as a result of ASIC lets them register shell firms and get an official trying certificates to flow into as advertising materials.
At finest ASIC may take away a fraudulent registration, usually months to years after a Ponzi scheme has collapsed.
I’m not conscious of the Australian Federal Police taking any motion towards an MLM Ponzi scheme thus far.
And that’s partly not their fault. ASIC lets anybody file something. None of those Boris CEO scammers are in Australia.
Be it Nigeria or Russia, what are the AFP going to do?
The most effective consequence right here is Daher being arrested for conspiracy to commit fraud, or regardless of the Australian authorized equal is.
Promoters of Metafi Yielders may very well be taken to activity, however once more most of them are based mostly exterior of Australia.
Sans Michael Daher’s $20 million and what was paid out to promoters like Jharol Smith, a US resident who promotes Ponzi schemes on YouTube, what’s left of the remaining stolen hundreds of thousands is gone.
And it’s unlikely to be recovered. Such is the truth of MLM crypto Ponzi schemes.
I believe the AFP and ASIC are going to do what they at all times do on this occasion, that’s nothing within the hope victims hand over and transfer on.
Within the unlikely occasion I’m pleasantly stunned, we’ll maintain you up to date.