I’m unsure when precisely it occurred however earlier this 12 months, presumably in late 2021, Complete Life Modifications founder and CEO, Jack Fallon, fancied himself a crypto bro.
To that finish, Complete Life Modifications put out an advert in search of an “NFT/ Crypto Specialist”:
TLC Coin was then unleashed upon unsuspecting distributors on February tenth:
Fallon seems to have fallen fairly far down the crypto advertising and marketing rabbithole.
Complete Life Modifications claimed TLC Coin was “greater than crypto”
In actuality, TLC Coin was your typical MLM crypto money seize.
Complete Life Modifications launched TLC Coin in February 2022 itself.
TLC Coin is believed to be a BEP-20 shitcoin. These take a couple of minutes to arrange at little to no price.
Complete Life Modifications enticed distributors to take a position with guarantees of “ongoing rewards reminiscent of all bills paid holidays, the newest electronics, jewellery and extra!”
Beneath that was the same old “month-to-month rewards” securities fraud. To qualify for that distributors needed to spend money on 10,000 TLC Cash or extra.
Cashing out TLC Coin was funded via recruitment of recent clients buyers:
TLC will use a portion of its advertising and marketing spend to recruit new clients.
TLC will then use 50% of ALL internet income generated by these new clients to purchase again TLC tokens, which can then be burned or rewarded again to essentially the most loyal neighborhood members.
The unique plan was to fleece Complete Life Modifications distributors for as a lot as they may, after which dump TLC Coin on the general public.
However one thing went horribly incorrect… and by the tip of March 2022 TLC Coin was deserted.
As a substitute of operating its TLC Coin grift on its web site, Complete Life Modifications funnelled distributor buyers right into a Telegram group.
Telegram teams are synonymous with crypto scams.
After the preliminary announcement, Complete Life Modifications scheduled an “NFT Get together” in Las Vegas on February seventeenth.
I wasn’t in a position to pin down any footage of this occasion so I’m not 100% on whether or not it really went forward.
What I do know is Complete Life Modifications’ NFT collections flopped… onerous.
Complete Life Modifications evidently supposed to host a “world tour” of NFT grift occasions, the primary of which was to be held in Las Vegas.
Connected to this was an NFT assortment named “Complete Life Modifications GRVTY World Tour #1: Las Vegas”.
This Complete Life Modifications GRVTY World Tour #1: Las Vegas gifted NFT offers you entry too [sic] our Thursday Evening NFT Get together February seventeenth 2022 & All Present/Future Holders get first in line precedence to future releases!
33 TLC “World Tour” NFTs have been bought to bagholders.
Different NFTs Complete Life Modifications tried to flog, courting again to late 2021, embrace “Core Worth #2: Ardour Is Our Gasoline” (7 gross sales out of 100):
“Uncommon The Infamous B.I.G. & Jack Fallon” (no purchaser up to now):
Jack Fallon is Biggie Smalls Greatest Fan And Share The Identical Birthday Too! This NFT Was Created By The Gifted Jimi The Vth Of TLC’s AVTEAM. It Is One Of A Form.
“Core Worth #1: We Are All the time Hungry For Extra” (20 bought out of 1000 NFTs)
And “8 Bit Arcade” (6 bought out of fifty NFTs):
TLC Coin’s official Twitter profile was deserted on February eleventh:
Complete Life Modifications acquired the area (“tlccoin.io”) in October 2021. So far as I do know it was by no means really used.
By mid March Complete Life Modifications was giving freely NFTs as a product bundle:
The final publish on Complete Life Modifications’ TLC Coin Telegram group is dated March fifth.
Presumed to initially be an exit-scam announcement, the publish has since been deleted.
After the March 2022 exit-scam, Complete Life Modifications by no means talked about crypto or NFTs on their web site or social media accounts once more.
How a lot Complete Life Modifications distributors misplaced to Jack Fallon’s crypto bro grift stays unknown.
Complete Life Modifications isn’t the one US-based MLM firm to undergo a cryptocurrency catastrophe this 12 months.
Again in April Tranont introduced a “TranontCoin” funding scheme:
Tranont scheduled TranontCoin’s launch for June 2022.
Tranont would be the first firm of its form to supply cryptocurrency as a method to generate revenue and reward business-building actions, like having a month-to-month Subscription order, attending Tranont occasions, and extra.
Extra info on Tranont Coin will are available June 2022.
After the April 2022 launch announcement, Tranont by no means talked about TranontCoin once more.