A New Zealand based mostly Lion’s Share promoter has acquired a stop and desist discover.
The stop and desist discover was issued to Shelly Cullen by the Commerce Fee on December twenty first.
A month to the day, the Commerce Fee made the discover public on January nineteenth.
Cullen (proper) caught the eye of New Zealand authorities after boasting of creating $154,000 from Lion’s Share late final yr.
Lion’s Share is a smart-contract Ponzi scheme run by serial scammer James Ward.
As reported by the Commerce Fee;
On receiving the Cease Now letter Ms Cullen has confirmed to the Fee that she has stopped selling Lion’s Share.
Whether or not the Fee will take any additional motion towards Cullen stays to be seen.
Whereas she might need ceased selling Lion’s Share, perusal of Cullen’s YouTube channel reveals she additionally promoted SuperOne (one other Ponzi), Crypto World Evolution (buying and selling bot securities fraud), RegalCoin (BitConnect Ponzi clone), Tresmore (Saivian Ponzi clone), iCoinPro, DasCoin (OneCoin Ponzi clone), Saivian (Ponzi), Freedom5 (Ponzi), Imap Revshare (Ponzi), Crowd Rising (MMM Ponzi gifting clone), Zewang (Ponzi) and FortAdPays (Ponzi).
Cullen’s Fort Advert Pays video was uploaded 5 years in the past. She’s been scamming folks for a while.
As I see it, the Commerce Fee is aware of Lion’s Share is a rip-off (“seemingly a pyramd scheme”), is aware of how a lot Cullen has stolen by way of it and, being a New Zealand resident, Cullen falls inside their jurisdiction.
Looks as if a slam-dunk case to me.
For now the Fee is stating solely that it’s “investigation is ongoing”.
As that is an open investigation the Fee will make no additional remark presently and won’t present interviews.
Pending any additional updates, keep tuned…