GoArbit founder Maximo Martinez has fled to Dubai.
The Ponzi schemes relocation to the MLM rip-off capital of the world, coincides with GoFintech rebranding and GoToken.
Though it held an workplace opening occasion again in January, GoArbit’s transfer to Dubai was truly initiated in late 2021.
The transfer sees GoArbit rebranding as GoFintech Group. As of now nonetheless, GoFintech doesn’t exist past branding and a placeholder web site.
GoFintech Group’s web site area was registered in November 2021.
GoToken in the meantime first debuted in mid 2021:
GoArbit is a straightforward 200% ROI Ponzi scheme. The introduction of GoToken would seem like the start of a shitcoin exit-scam.
That’s GoArbit begins paying out in nugatory GoTokens, owing to new funding inevitably failing to cowl ever-growing withdrawal legal responsibility.
Particulars on GoToken are sketchy. Issues get much more complicated with the launch of GoArbit Coin (GoCoin) again in January.
1.6 million GoCoins had been created on January sixteenth. By January twentieth the steadiness had been cleaned out to simply 95 GoCoins. No matter GoCoin was, it’s already over.
GoArbit’s present standing is equally as obscure. After the January 2022 Dubai workplace launch occasion, nothing a lot appears to be taking place.
Visitors to GoArbit’s web site picked up after the January 2022 Dubai occasion and have held.
Alexa site visitors rankings recommend GoArbit Scammers are focusing on victims in Colombia (30%), Venezuela (19%) and Peru (12%).
GoArbit founder and CEO Maximo Martinez claims to be born within the Dominican Republic.
Versus having something to do with enterprise operations, Martinez’s transfer to Dubai is probably going groundwork for the inevitable collapse.
By way of restricted extradition treaties and non-regulation of MLM associated securities fraud, Dubai gives a safe-haven for scammers like Martinez.
For buyers searching for information following the Dubai January occasion, issues look bleak.
GoArbit’s web site advises there isn’t any latest information. GoArbit’s official FaceBook web page was deserted in September 2021. I
t’s Twitter account was deserted in March 2020. GoArbit’s official linked Instagram account seems to have been hijacked by an affiliate.
Feedback left on GoArbit’s FaceBook web page recommend withdrawal issues started round September 2021. Whether or not they have been rectified or not is unclear.