Holton Buggs’ Meta Bounty Hunters Ponzi scheme has collapsed.
Behindmlm reader Daz predicted Meta Bounty Hunters would quickly expertise withdrawal issues final October.
This was based mostly on Meta Bounty Hunters commingling investor funds with The Merchants Area, a Ponzis scheme that collapsed in direction of the top of 2022.
Positive sufficient on January twenty seventh, 2023, two BehindMLM readers confirmed Meta Bounty Hunters and its sequel Meta Bounty Huntresses had collapsed.
The premise behind Meta Bounty Hunters was associates investing $2000 in NFT positions.
Along with receiving pyramid commissions, weekly “reflection” returns had been additionally paid out.
Meta Bounty Hunters launched a 12 months in the past in January 2022. The Meta Bounty Hunteresses sequel Ponzi was launched in October 2022.
BehindMLM confirmed Holton Buggs and Travis Bott had been behind Meta Bounty Hunters in February 2022.
Buggs is greatest recognized within the MLM trade as a high earner in Organo Gold. Buggs time at Organo Gold resulted in 2018, following Buggs’ descent into crypto securities fraud.
That descent was briefly placed on maintain when Buggs launched iBuumerang in 2019.
Initially a journey firm, COVID-19 decimating the trade noticed Buggs introduce crypto securities fraud to iBuumerang via Ellev8.
By Ellev8, iBuumerang associates are believed to have been funnelled into numerous fraudulent crypto funding schemes.
When Buggs launched Meta Bounty Hunters, naturally iBuumerang associates had been funnelled into that too.
Meta Bounty Huntresses was a cynical try to create broader attraction to feminine iBuumerang associates.
Travis Bott has lengthy been related to numerous Ponzi schemes. After we final checked in he’d simply launched Meta Labs Company.
By advantage of iBuumerang associates being funneled into them, nearly all of Meta Bounty Hunters and Huntresses buyers are believed to be US residents. Holton Buggs and Travis Bott are additionally US residents, working out of Florida and Utah respectively.
Because it stands Meta Bounty Hunters and Huntresses buyers are being restricted from citing their losses with the corporate.
Pending a regulatory investigation by the SEC, complete Meta Bounty Hunters and Huntresses investor losses stay unknown.