Onward Capital has collapsed.
Access to the Ponzi scheme’s website has been disabled, resulting in a HTTP error.
At the time of publication Onward Capital’s social media accounts are still up, although these are expected to be disabled soon.
Onward Capital solicited investment in bitcoin and ethereum.
The Ponzi scheme’s collapse follows a weekly decline of 21% and 38% for the two respective cryptocurrencies.
BehindMLM reviewed Onward Capital late last month.
Following publication of our review, a BehindMLM reader was quick to identify its Boris CEO as Russian actor Oliver Siou (lit: Оливье Сиу).
Based on current Alexa traffic estimates, Onward Capital’s victims are primarily from Senegal, Vietnam and Canada.
Owing to Onward Capital investors sending cryptocurrency to scammers in Russia, recovery of funds is virtually impossible.