My BlockX has acquired a securities fraud warning from the Ontario Securities Fee (OSC).
As per the OSC’s Might seventeenth warning;
MyBlockX … shouldn’t be registered in Ontario to interact within the enterprise of buying and selling in securities.
My BlockX is a continuation of the My Blockchain Life Ponzi scheme.
BehindMLM final checked in on My BlockX final September. We discovered the corporate providing affiliate buyers annual returns of as much as 580% by way of a “staking” mannequin.
On the time primarily US-based My BlockX buyers had been making an attempt to dump their nugatory BLKX tokens onto unsuspecting Colombians.
These efforts seem to have since collapsed, with SimilarWeb monitoring simply ~2500 visits to My BlockX’s web site in April 2023. Up to date geo-data shouldn’t be obtainable.
For the OSC to concentrate although, presumably somebody is making an attempt to get My BlockX recruitment going once more in Canada.
Initially fronted by Glenn Williams, till he Herman Cain Awarded himself in October 2021, My BlockX is believed to be owned and operated by Jeremie Sowerby.
Sowerby (proper), is a Canadian nationwide dwelling within the US state of Arizona.
In MLM circles Sowerby is finest generally known as the proprietor and CEO of Dunamis Mining.
Dunamis Mining was an MLM crypto “mining” themed Ponzi launched in early 2019.
A number of months after launch, Sowerby put BitClub Community scammer Joe Abel in cost and rebranded as Dunamis World Tech.
Dunamis World Tech collapsed by the tip of 2019. Sowerby bought the affiliate investor base off to Travis Bott’s Onyx Life-style Ponzi. My Blockchain Life launched a couple of months later in mid 2020.
Sowerby has stored a low profile all through My Blockchain Life’s and My BlockX’s operation, largely hiding behind the scenes.
