Flash4People gives no data on its web site about who owns or runs the enterprise.
Even when they did although, the credibility of the offered data can be suspect.
On the footer of the Flash4People web site are three completely legit testimonials from Jason Doe, Jane Doe and John Doe.
Hooked up to Flash4People is the OZT token, which gives us some perception into who’s behind the corporate.
OZT was supplied as an ICO via FlashMoni in early 2018.
FlashMoni and Flash4People are a part of FlashGroup, which was based by Serge Maurice Lobreau.
Previous to his present cryptocurrency ventures, Serge Lobreau was a outstanding promoter of the Get Straightforward Ponzi scheme in France.
If you wish to learn extra on Lobreau, right here’s an attention-grabbing expose by what seems to be a FlashMoni sufferer.
In accordance with the Flash4People web site, the 2018 OZT ICO raised $72 million.
Whether or not that’s true or not, who is aware of. What we do know although is that OZT is and stays fully ineffective.
After ICO OZT flopped and adopted the acquainted “sorry on your loss” cryptocurrency trajectory.
This prompted Lobreau to desert OZT and launch OZTG.
The transition to OZTG coincided with the hiring of Mru Patel as CEO of FlashMoni on or round December 2018.
In a Could 18th FlashMoni investor replace, Patel (proper) suggested;
For all of the contributors who take part in our ICO in 2018, the swap of their ERC20 tokens into OZTG Coin.
Previous to becoming a member of FlashMoni, Patel spent years attempting to determine himself as a advertising mentor.
In some unspecified time in the future he bought concerned in cryptocurrency, which culminated within the launch of ePropertyWealth.
ePropertyWealth was an try to mix cryptocurrency with actual property funding.
ePropertyWealth held an ePW token ICO in mid 2018, which flopped laborious. Sound acquainted?
Name me cynical however it seems OZTG is simply selecting up the place ePW left off. Minus the actual property angle after all.
Right here is the place I’d usually break and transfer onto the product part of a assessment (Flash4People has none).
On June third nevertheless, FlashMoni introduced a “termination of pre-agreement” with Flash4People.
Wrote Serge Lobreau within the announcement;
It’s with nice remorse I’ve to tell you that our collaboration with Flash4People has been terminated for quite a few causes.
On or round June fifth Flash4People put out its personal announcement.
Our provider, flashgroup, who didn’t herald time the specified transparency on its applied sciences and companies.
We, the leaders of flash4people and leaders current in Dubai, determined to interrupt this contractual relationship on Sunday June 02, 2019 at 15h30 Dubai time.
Flash4People’s communication was signed off on by Fabrice Kerherve and Patrick and Sandra Collin, who’re recognized by associates as co-founders of the corporate.
Kerherve and the Collins left French MLM firm Natura4Ever again in March.
Social media posts from the trio counsel Flash4People is generally made up of former Natura4Ever associates.
So the place to from right here?
Because it stands, each FlashMoni and Flash4People seem intent on launching spinoff MLM alternatives.
Within the FlashMoni termination discover, Lobreau wrote;
We’re nonetheless satisfied that the networking mannequin method of promoting our services and products continues to be the most effective type of advertising.
Equally, Flash4People wrote (auto-translated from French);
The approaching weeks will permit us to pick out a brand new blockchain and its cryptocurrency responding to the general public transparency necessities validated by the crypto neighborhood.
The idea doesn’t change (companies and rewards), the pre-development section can proceed, whereas ready for the launch of the confirmed, clear and safe assist.
FlashMoni goes to launch a brand new alternative to advertise their OZTG altcoin.
Flash4People goes to connect its present “no product” pyramid compensation plan to another altcoin.
The issue is neither firm is or will likely be working legally.
Neither FlashMoni or Flash4People have offered any proof of getting registered themselves with France’s securities regulator, the Autorité des marchés financiers (AMF).
On the enterprise mannequin aspect of issues FlashMoni is your typical crypto rip-off. Launch an ICO, acquire a bunch of cash after which stall with usability concepts.
Flash4People was setting FlashMoni to be a Ponzi pyramid hybrid.
Spend money on OZTG as a result of moon, ultimately money out subsequently invested funds and receives a commission to recruit new traders alongside the best way.
Attaching this mannequin to a different altcoin (new or present), is suspending an MLM alternative that can inevitably launch as a Ponzi scheme.
FlashMoni arising with a brand new MLM compensation plan based mostly on OZTG funding, is identical.
And so from one deliberate Ponzi scheme we now have two potential Ponzi schemes.
It needs to be apparent by now that none of those folks have any thought about cryptocurrency.
Lobreau and Patel can’t even maintain FlashMoni’s web site SSL certificates present, but they’re out right here pretending to be blockchain tech gurus.
FlashMoni and Flash4People launched to separate you out of your cash. Specifically by wooing you with cliched guarantees of crypto riches.
Be it now or some future MLM alternative launch, don’t fall for it.
Replace 2nd July 2019 – Serge Lobreau not too long ago bought in touch to protest our reporting of his involvement within the GetEasy Ponzi scheme.
Lobreau maintains he’s a “sufferer” who personally invested 384,000 EUR into GetEasy “AND LOST MONEY LIKE EVERYONE!!!”
After I requested Lobreau for proof he personally invested 384,000 EUR into GetEasy, he failed to supply any.
For these unfamiliar with GetEasy, it was an MLM Ponzi scheme that collapsed in 2015. Arrests of GetEasy’s homeowners and administration commenced in 2016.
Regardless of collapsing 5 and a half years in the past, Lobreau demanded I present him proof of his promotion of GetEasy.
Figuring out full effectively Lobreau had had loads of time to clean the web of any such materials, I begun researching anyway.
What I turned up was throughout his involvement in GetEasy, Serge Maurice Lobreau glided by Serge Mpiana Lobreau.
Whether or not Lobreau modified his identify to distance himself from GetEasy is unclear.
In his latest emails to me Lobreau goes by “Serge Piana-Lobreau”, so I’m unsure if he’s modified his identify once more.
In any occasion, this result in a weblog submit by a French talking GetEasy sufferer.
As above the submit names Lobreau amongst a gaggle of Get Straightforward leaders.
I’ve additionally highlighted the date of publication, February thirteenth, 2015.
GetEasy collapsed in early 2015, across the time this submit was written.
I’m pointing this out as a result of Lobreau dismissed the linked expose in our article tying him to GetEasy (quoted under), stating it was written by a “fired worker”.
Serge MPiana Lobreau has a doubtful previous life with involvement in Ponzi schemes dressed as MLM – in “GetEasy”.
He was among the many community leaders in France the place he was pocketing a whole lot of 1000’s of euros a month whereas many 1000’s of individuals have been shedding their financial savings.
This different weblog submit is dated effectively earlier than Flash Moni and is clearly written by a GetEasy sufferer. One of many folks Lobreau and different Get Straightforward net-winners stole cash from.
Why would Lobreau be counted as a GetEasy chief if, as he claims, all he did was make investments 384,000 EUR of his personal cash into GetEasy and lose it when the scheme collapsed?
He clearly didn’t. That is nothing greater than your typical smoke and mirrors from a Ponzi scammer.
One other web site I got here throughout suggests Lobreau primarily fleeced Portugal traders in his FlashMoni OZT ICO scheme.
A screenshot on the web site purportedly exhibits simply one in all Lobreau’s FlashMoni financial institution accounts, holding over 13 million euros.
To this present day funds invested into FlashMoni’s OZT ICO stay unaccounted for.
Replace sixteenth July 2019 – Flash4People has been rebooted as a second launch of Mainston.