I’m unsure when precisely it occurred however earlier this yr, probably in late 2021, Complete Life Modifications founder and CEO, Jack Fallon, fancied himself a crypto bro.
To that finish, Complete Life Modifications put out an advert on the lookout for an “NFT/ Crypto Specialist”:
TLC Coin was then unleashed upon unsuspecting distributors on February tenth:
Fallon seems to have fallen fairly far down the crypto advertising rabbithole.
Complete Life Modifications claimed TLC Coin was “greater than crypto”;
In actuality, TLC Coin was your typical MLM crypto money seize.
Complete Life Modifications launched TLC Coin in February 2022 itself.
TLC Coin is believed to be a BEP-20 shitcoin. These take a couple of minutes to arrange at little to no value.
Complete Life Modifications enticed distributors to take a position with guarantees of “ongoing rewards corresponding to all bills paid holidays, the most recent electronics, jewellery and extra!”
Beneath that was the standard “month-to-month rewards” securities fraud. To qualify for that distributors needed to put money into 10,000 TLC Cash or extra.
Cashing out TLC Coin was funded by recruitment of latest prospects buyers:
TLC will use a portion of its advertising spend to recruit new prospects.
TLC will then use 50% of ALL web earnings generated by these new prospects to purchase again TLC tokens, which is able to then be burned or rewarded again to probably the most loyal group members.
The unique plan was to fleece Complete Life Modifications distributors for as a lot as they may, after which dump TLC Coin on the general public.
However one thing went horribly fallacious… and by the tip of March 2022 TLC Coin was deserted.
As an alternative of operating its TLC Coin grift on its web site, Complete Life Modifications funnelled distributor buyers right into a Telegram group.
Telegram teams are synonymous with crypto scams.
After the preliminary announcement, Complete Life Modifications scheduled an “NFT Celebration” in Las Vegas on February seventeenth.
I wasn’t capable of pin down any footage of this occasion so I’m not 100% on whether or not it truly went forward.
What I do know is Complete Life Modifications’ NFT collections flopped… onerous.
Complete Life Modifications evidently supposed to host a “world tour” of NFT grift occasions, the primary of which was to be held in Las Vegas.
Connected to this was an NFT assortment named “Complete Life Modifications GRVTY World Tour #1: Las Vegas”.
This Complete Life Modifications GRVTY World Tour #1: Las Vegas gifted NFT provides you entry too [sic] our Thursday Night time NFT Celebration February seventeenth 2022 & All Present/Future Holders get first in line precedence to future releases!
33 TLC “World Tour” NFTs had been offered to bagholders.
Different NFTs Complete Life Modifications tried to flog, courting again to late 2021, embody “Core Worth #2: Ardour Is Our Gasoline” (7 gross sales out of 100):
“Uncommon The Infamous B.I.G. & Jack Fallon” (no purchaser so far):
Jack Fallon is Biggie Smalls Largest Fan And Share The Similar Birthday Too! This NFT Was Created By The Proficient Jimi The Vth Of TLC’s AVTEAM. It Is One Of A Type.
“Core Worth #1: We Are All the time Hungry For Extra” (20 offered out of 1000 NFTs)
And “8 Bit Arcade” (6 offered out of fifty NFTs):
TLC Coin’s official Twitter profile was deserted on February eleventh:
Complete Life Modifications acquired the area (“tlccoin.io”) in October 2021. So far as I do know it was by no means truly used.
By mid March Complete Life Modifications was giving freely NFTs as a product bundle:
The final publish on Complete Life Modifications’ TLC Coin Telegram group is dated March fifth.
Presumed to initially be an exit-scam announcement, the publish has since been deleted.
After the March 2022 exit-scam, Complete Life Modifications by no means talked about crypto or NFTs on their web site or social media accounts once more.
How a lot Complete Life Modifications distributors misplaced to Jack Fallon’s crypto bro grift stays unknown.
Complete Life Modifications isn’t the one US-based MLM firm to undergo a cryptocurrency catastrophe this yr.
Again in April Tranont introduced a “TranontCoin” funding scheme:
Tranont scheduled TranontCoin’s launch for June 2022.
Tranont would be the first firm of its variety to supply cryptocurrency as a way to generate earnings and reward business-building actions, like having a month-to-month Subscription order, attending Tranont occasions, and extra.
Extra data on Tranont Coin will are available June 2022.
After the April 2022 launch announcement, Tranont by no means talked about TranontCoin once more.
