Holton Buggs’ Meta Bounty Hunters Ponzi scheme has collapsed.
Behindmlm reader Daz predicted Meta Bounty Hunters would quickly expertise withdrawal issues final October.
This was primarily based on Meta Bounty Hunters commingling investor funds with The Merchants Area, a Ponzis scheme that collapsed in direction of the top of 2022.
Positive sufficient on January twenty seventh, 2023, two BehindMLM readers confirmed Meta Bounty Hunters and its sequel Meta Bounty Huntresses had collapsed.
The premise behind Meta Bounty Hunters was associates investing $2000 in NFT positions.
Along with receiving pyramid commissions, weekly “reflection” returns have been additionally paid out.
Meta Bounty Hunters launched a yr in the past in January 2022. The Meta Bounty Hunteresses sequel Ponzi was launched in October 2022.
BehindMLM confirmed Holton Buggs and Travis Bott have been behind Meta Bounty Hunters in February 2022.
Buggs is greatest identified within the MLM trade as a high earner in Organo Gold. Buggs time at Organo Gold led to 2018, following Buggs’ descent into crypto securities fraud.
That descent was briefly placed on maintain when Buggs launched iBuumerang in 2019.
Initially a journey firm, COVID-19 decimating the trade noticed Buggs introduce crypto securities fraud to iBuumerang via Ellev8.
Via Ellev8, iBuumerang associates are believed to have been funnelled into varied fraudulent crypto funding schemes.
When Buggs launched Meta Bounty Hunters, naturally iBuumerang associates have been funnelled into that too.
Meta Bounty Huntresses was a cynical try and create broader enchantment to feminine iBuumerang associates.
Travis Bott has lengthy been related to varied Ponzi schemes. Once we final checked in he’d simply launched Meta Labs Company.
By advantage of iBuumerang associates being funneled into them, the vast majority of Meta Bounty Hunters and Huntresses traders are believed to be US residents. Holton Buggs and Travis Bott are additionally US residents, working out of Florida and Utah respectively.
Because it stands Meta Bounty Hunters and Huntresses traders are being restricted from mentioning their losses with the corporate.
Pending a regulatory investigation by the SEC, whole Meta Bounty Hunters and Huntresses investor losses stay unknown.
