Roughly twenty-two hours prior to now as I write this, BehindMLM revealed a overview of AtmosO2.
In a nutshell, AtmosO2 was an unregistered securities offering run by Ocular Tech.
Barely half an hour prior to now, AtmosO2 CEO and Ocular Tech co-founder Dager Contreras launched he’s shutting the MLM different down.
In an announcement despatched out to AtmosO2 associates on December nineteenth, Contreras (correct) wrote;
Within the current day we now have been educated of a overview that was posted on scamponzi.com the place the admin of the weblog describes our compensation plan and firms and expresses issues with just a few of the factors of our building.
Earlier to this overview being posted, just a few of those issues had already been dropped at gentle to us by our approved and compliance group and we have got been evaluating the whole building and in the hunt for strategies to change so as that we’ll nonetheless ship price to you and keep compliant.
Whereas we had every intention to make these modifications and reintroduce ATMO2S in January, considering the above and with suggestion from our approved and compliance group, at this juncture it is best to discontinue ATMO2S environment friendly immediately.
To their credit score rating, Contreras has promised AtmosO2 will ‘problem a refund to every one that participated‘.
For the report, AtmosO2 could have operated legally throughout the US had they of registered Ocular Tech’s securities offering with the SEC.
Talked about registration would have required AtmosO2 to disclose the exact nature of their annual ROIs- from provide funds to how they’re paid out to associates.
Why Dager Contreras chosen to shut AtmosO2 down instead of register it or Ocular Tech with the SEC is unclear.