Wazzub still around, now a crypto Ponzi shitcoin scheme

Bear in mind Wazzub?

BehindMLM initially reviewed Wazzub in 2011. Again then the corporate was a cliched “we’re gonna be the following Google and pay you!” sort affair, which was a typical sufficient ruse on the time.

In fact the enterprise mannequin flopped, resulting in a transition to a failed cell app and fraudulent digital shares funding scheme.

By 2016 Wazzub had rebranded itself as “Good Web”. This was initially a reputation for the failed search platform, finally it grew to become its personal model.

In early 2016 Wazzub, by Good Web, launched Cashback Advertising and marketing. Charging $30 a pop for “advertising items”, Cashback Advertising and marketing was a easy sufficient Ponzi scheme.

Right this moment Good Web and Cashback Advertising and marketing have lengthy since been deserted.

One would determine Wazzub too has run its course however that may not be the case.

Like each different scammer on the market, whoever is behind Wazzub jumped on the crypto fraud bandwagon.

Round 2019 I consider, what was left of Wazzub was funneled into the Unicorn Community.

The Unicorn Community has its personal cryptocurrency, Rainbow Forex (YEM).

YEM began off as an ERC-20 shitcoin however has since been moved to TwnklChain, which in some unspecified time in the future was renamed YEMChain.

Supposedly that is all a part of SafeZone which, so far as I can inform, is a shell firm tying all of this collectively.

Anyhow like all the things else Wazzub associated, nothing a lot occurred between 2019 and now. YEM isn’t publicly tradeable and the Unicorn Community has no footprint exterior of determined Wazzub bagholders.

Quick ahead to 2021 and you’ve got Twnkl Property and Anthony Norman shifting in on a honeypot of gullible buyers.

Sure that Anthony Norman (proper), of Viral Angels, Angel Enterprise Membership and Wellmont Capital notoriety.

This time round Norman is taking part in CEO of Dragon World Finance, a fintech themed UK shell firm put collectively someday in late 2020.

Dragon World Finance is “owned and maintained” by Dragon World Options, one other UK shell firm.

Dragon World Options is registered with the FCA, by East Property PLC.

Amongst different issues, East Property PLC present a “umbrella companies for startups”.

Should you’re questioning why Norman has arrange his new shell corporations within the UK, it’s as a result of regulation there may be virtually non-existent.

A transcript of a January eighth Unicorn Community webinar reveals Norman hoping to combine his new steady of shell corporations inside Wazzub.

YEM has a world attain; we clearly wish to strategy members from many of the world, and we expect that YEM is one thing that’s going to drive each liquidity and substance behind YEM as properly, as we convey our market making and fairness companies to the partnership.

Along with his Dragon World shell corporations, Norman introduces Pernum, one other faceless shell firm he’s supposedly “partnered up” with.

By itself web site Pernum claims to be

the official pockets supplier for the digital currencies YEM, TEC, and different cash/tokens on the YemChain.

TEC is a part of one other fraudulent funding scheme pitched to Wazzub associates.

By Twnkl Property, Wazzub associates spend money on “fractional proprietor rights”. Funding is tracked by TEC, a Ponzi shitcoin operating on YEMChain.

The plan, in accordance with Norman’s webinar function, is to get Wazzub associates utilizing Pernum pockets.

You’ll be able to retailer your cryptocurrencies with us. We are going to begin out with Bitcoin and Ethereum; different cryptocurrencies could also be launched over time. Particularly in these occasions now, this can be very necessary to have a steady and safe pockets for all these varied cryptocurrencies.

Along with this, the pockets can maintain Fairness, which implies, bonds, shares and so forth.

The inventory play is the place we’re actually excited in regards to the partnership with YEM, as a result of we’re going to have some very thrilling functionalities.

What’s in it for Norman? Effectively he will get entry to a brand new host of Bridge Coin bagholders to dump onto.

an necessary issue for YEM is that YEM is controlling market volatility properly, and as with all forex you don’t need an excessive amount of volatility.

Volatility is sweet for those who do day-trading (or any buying and selling usually); we really function a hedge fund that offers with cryptocurrency, so you may suppose that it is a constructive factor, however you need volatility inside purpose, you don’t need an excessive amount of.

As soon as an asset or a safety turns into too unstable, it turns into insecure.

And even when there could also be quite a lot of upside, the bigger buyers (the institutional buyers), keep away from one thing that’s too unstable.

Because of this you see the actually massive institutional cash going into, let’s name it, “boring asset courses”, like actual property.

So, what we’ve got created is an excellent bridge right here. We’ve created a bridge-coin the place YEM can really be staked; you retain your YEM, however you lock it in otherwise you alternate it for our bridge-coin, (we might be asserting the identify very shortly).

By doing that, the YEM might be used to again up public fairness. Proper now, we’re working with numerous publicly-listed corporations.

They’re totally on the German market, however we’re not at liberty to reveal the names at this stage, as a result of we cope with public corporations, however the plan is for this to be launched on February 1, 2021, and at the moment, it’ll all be introduced to you.

That is in fact all bullshit.

The “belongings” Norman is speaking about are Twnkl Gold Coin (TGC), Twnkl Silver Coin (TSC) and Twnkl Copper Coin (TCC), nugatory shitcoins generated out of skinny air.

Bridge Coin is what’s left of the CrowdBridge World element of Norman’s collapsed Wantage One Ponzi scheme.

Getting Wazzub associates to spend money on it by YEM lets Norman offload the nugatory cash onto new victims.

That is really a improbable mannequin, as a result of it implies that YOUR YEM, simply by holding it, is making a yield each month for you.

So, abruptly YEM, simply by holding it, begins producing you a passive earnings; it could possibly be extra or it could possibly be much less month by month, nonetheless, it’s producing a steady earnings stream for you.

So, because of this we expect that is such factor.

I suppose YEM might be cashed out on the backend, successfully double-dipping Wazzub associates who should first purchase it earlier than changing to Bridge Coin.

That’s in fact along with bitcoin and ethereum Norman collects straight.

For a restricted time on ALL Bitcoin and Ethereum deposits into the bridge coin liquidity program, we’re going to pay 20% over the present market value every day – proper now on the time of this recording, we pay over 50 000 USD per BTCY.

For fiat and cryptocurrency deposits into the bridge coin liquidity program, for a restricted time you aren’t solely going to get YEM for the complete worth (that means you retain your YEM), but in addition, you’re going to get the identical quantity in fairness tokens (100%), that can pay a dividend each month… that means, that this retains yielding month after month, so how good is that?

That is all coordinated by Pernum Pockets, and so Anthony Norman’s new circle of limitless shell corporations for 2021 is full.

Effectively, till the entire thing inevitably  collapses like Wantage One once more.

As of January thirtieth, whether or not Pernum Pockets will nonetheless be used seems up within the air.

Talking on a January thirtieth Unicorn Community webinar, Norman suggested funding was now being coordinated by his Likquid alternate.

Likquid was a part of Wellmont Capital. In case you hadn’t caught on, Norman likes to run his varied scams by dozens of black gap shell corporations.

The Jan thirtieth webinar additionally particulars Lottefree, an unlawful unlicensed YEM token lottery.

Supposedly Anthony Norman’s integration into Wazzub will kick off on February fifteenth.

On the time of publication guests to Wazzub’s web site are from the US (25%), Australia (18%) and Russia (13%).

Neither Wazzub, any of its shell corporations or any of Anthony Norman’s shell corporations are registered to supply securities in any of those jurisdictions.

Keep tuned as we cowl the inevitable collapse and sorry in your loss.