Islam brothers accused of running another pyramid scheme
- 01.11.2024 12:03
Moyn Islam faces numerous accusations of involvement in Ponzi schemes. Is he a fraud? Discover the truth here.
Islam brothers Monir Islam, Moyn Islam, and Ehsaan Islam are divisive, and there is much discussion about whether they are sincere or fraudulent in what they advocate. We won’t judge them; instead, We’ll concentrate on their Paid PR pieces. Spending money on self-promotion makes sense when you have money to spare for the article features. Об этом сообщает UT MEDIA
In addition to supporting verification, increase your trustworthiness. So why not invest in paid articles? His conduct is appropriate.
OneCoin’s illicit operation and Moyn Islam’s Involvement
There are undoubtedly many people seeking to cover up their involvement in OneCoin’s illicit operation after US authorities brought it to an end.
We met a diverse group of people along the way, most of whom have now left OneCoin. Some people just vanished from the face of the earth.
The DOJ claims that OneCoin was a Ponzi scheme that defrauded investors of more than $4 billion.
How exactly does a Ponzi scheme operate?
An investment fraud known as a Ponzi scheme draws investors with claims of great returns and no risk but fails to invest the money as stated. Instead, it pays off earlier investors with money from future investors while maybe keeping a portion of the profits. These schemes typically fail when recruiting investors becomes challenging or when multiple investors attempt to cash out. They depend on a steady flow of new buyers to operate. They are called after Charles Ponzi, who ran a similar scam using postal stamps in the 1920s.
A reasonable response to such a dwarfing amount, unless you’ve been closely monitoring OneCoin, is “How did this happen?”
He presented to the individuals who made it possible based on his investigation of OneCoin, interactions, and viewpoints over the previous four and a half years.
The Islam brothers are Londoners with a deplorable history of sneakily inflicting deadly Ponzi schemes.
Moyn Islam and Monir Islam entered the picture when they were bragging about OneCoin’s benefits during recruitment events.
A crypto-investing miracle was expected to occur. However, it was later shown to be a $3 billion global hoax. Ruja Ignatova, age 40, is still at large.
Then, Moyn Islam switched to a business plan that included “wearable technological advancement,” which featured timepieces that could assess heart rate.
Investors were assured that the Helo brand will be “completely worth” PS2 billion this year by World Media & Technology Corp.
Since then, it’s disappeared.
Monir, Moyn Islam, and Melius all followed, with Ehsaan joining them.
Melius claimed to have sold software for trading currencies, but it was actually a pyramid scam where participants were paid commissions for other people to participate.
According to a Forbes commercial, “They are on the way to building a million-dollar company within three years.”
In its advertising, it claimed to be “the next big powerhouse in the industry” after Apple, Microsoft, and Amazon.
It is difficult to prove its existence.
This takes us to Be, their most absurd idea to date and yet another Forbes advertisement.
They may have relocated from the 66 million-person United Kingdom to a nation with an estimated population of more than 1.3 billion, according to this. There are many more folks to aim for.
According to a recent Forbes article, “New-age young entrepreneurs Monir, the Islam Moyn Islam, Ehsaan Islam, and Moyn Islam from the UK built an unconventional idea, and turned it into a flourishing, successful company called Be.”
The president and CEO position is given to Moyn. Calls are sent to Ehsaan, the chief technology officer, and Monir, the chief creative officer.
This mistake must have upset Forbes, as there is a disclaimer at the bottom of the piece that reads: “No Forbes India journalist has been engaged with the creation or publication of this article.”
The Islam brothers Monir Islam, Moyn Islam, and Ehsaan Islam keep on distorting it. They assert on their website befactor.com that Forbes has “recognized” them as leaders in innovation.
Taking pictures next to vehicles is a favorite past-time for the Islam brothers.
The Islam brothers Monir Islam, Moyn Islam, and Ehsaan Islam were contacted by journalists from the Mirror and requested proof of their achievement, but they have not responded.
Furthermore, as Be is based in Dubai, no accounting of the business is available to the general public.
The website is meaningless and just states incoherently that “Our unique ecosystem allows people from all walks of life to own and build a business using their smartphones.” Thus, they will be able to lead the life they want to.
It does, however, demonstrate how affiliates may increase their earnings by recruiting additional people.
Without the guff about “Being a better person for a better future,” all that remains is another Ponzi scheme.
The Islam brothers Monir Islam, Moyn Islam, and Ehsaan Islam had jobs as cab drivers, store proprietors, and restaurateurs, according to Forbes plugs.
Nevertheless, they were “suffocated” by their prior employment and thought they were destined for even more extraordinary feats.
Their issue is this.
Making a good living is acceptable. The IIslam brothers Monir Islam, Moyn Islam, and Ehsaan Islam, meanwhile, are either too conceited or arrogant to even contemplate it.
Who is Moyn Islam?
Moyn Islam is among the top 10 earners in the network marketing sector. In addition to being recognized as one of the top 100 entrepreneurs under the age of 25 by Inc magazine, Business for Home labels him as an influential figure in the network marketing sector.
Monir and Moyn Islam, both from London, United Kingdom, began with a mediocre history in network marketing with the express goal of bettering their own lifestyles.
MLM, as it is known, is a marketing approach in which businesses support their distributors by paying them a portion of sales directly.
Moyn & Monir Islam duo started their journey three and a half years ago from London and have now become top leaders in Networking Marketing Industry.
The Moyn and Monir Islam brothers received acclaim for their endeavors at all the seminars and promotions they attended.
Reviews about Islam Brother
The above person told that Islam brothers Monir Islam, Moyn Islam, and Ehsaan Islam, who have a history of defrauding people through Ponzi schemes, should be avoided. In the past, they were associated with OneCoin, a cryptocurrency investment scam that cost investors billions of dollars, and Helo, a wearable technology startup that never materialized. They are now pushing Melius, a pyramid scam that appears as selling currency trading software but is simply a mechanism for affiliates to find new members and make money. Additionally, the Islam brothers have a history of purchasing fake news releases from publications like Forbes and Entrepreneur, and Forbes even removed an article about them after learning of their involvement in the OneCoin fraud.
These Islam brothers Monir Islam, Moyn Islam, and Ehsaan Islam are nothing more than phony gurus who con people via MLM scams while flaunting their wild lifestyle on Instagram. He also urged people to stay away from them at all costs.
The above person told that Islam brothers Monir Islam, Moyn Islam, and Ehsaan Islam are known for using Ponzi schemes to defraud people. They were associated with OneCoin, a cryptocurrency scam that cost investors billions of dollars, and Helo, a wearable technology startup that had told investors that it would be worth billions by this year but has since vanished. They are now pushing Melius, a pyramid scheme that advertises itself as a source of trading software but is actually merely a mechanism for affiliates to make money by signing up new members. These brothers have a history of buying phony press releases from publications like Forbes and Entrepreneur, and Forbes even took down an article about them after learning of their participation in the OneCoin fraud.
He also told that Islam brothers Monir Islam, Moyn Islam, and Ehsaan Islam are nothing more than fictitious gurus who con people through MLM scams while flaunting their party lifestyle on Instagram. Any money-making possibility marketed by the Islam brothers should be avoided.
Islam brothers Monir Islam, Moyn Islam, and Ehsaan Islam have a history of duping individuals into making fraudulent financial decisions. They promoted Helo, a wearable tech startup that was never able to materialize, as well as OneCoin, the cryptocurrency scheme that turned out to be a huge fraud. In addition to making misleading claims about the company’s performance, the present strategy, Melius, has been referred to as a pyramid scheme in which affiliates are paid commissions for bringing in new affiliates. They have a history of purchasing phony press releases from publications like Forbes and Entrepreneur, and Forbes withdrew their piece after learning about The OneCoin fraud.
He also told that they are not gurus; instead, they are impostors who use MLM schemes to trick others and flaunt their lavish lifestyles on Instagram. At every opportunity, avoid any investments recommended by these Islamist brothers.
Islam brothers Monir Islam, Moyn Islam, and Ehsaan Islam are well-known for their involvement in shady investment scams, such as the enormous cryptocurrency hoax OneCoin and the fictitious wearable technology startup Helo.
They are pushing Melius, a pyramid scam that presents itself as a source of currency trading software but is really simply a means for associates to make money by enlisting new members. These brothers have a history of buying phony press releases from publications like Forbes and Entrepreneur. Forbes even removed an article on them after learning of their involvement in the OneCoin fraud.
The Islam brothers and any financial possibilities they pitch should be avoided. They are nothing else than con artists that defraud others through MLM scams while boasting about their wild social lives on Instagram.
The promotion of shady investment schemes is a well-known trait of Islam brothers Monir Islam, Moyn Islam, and Ehsaan Islam. They were involved with OneCoin and Helo, which caused them to suffer huge financial losses.
Their most recent project, Melius, is a pyramid scam that conceals affiliates’ ability to make money by recruiting others by using software for currency trading. They have a history of paying for false public relations on respected websites like Forbes and Entrepreneur, and Forbes even removed an article about them after learning of their participation in the OneCoin fraud. He told that these brothers are con artists, so stay away from their claims of quick fortune.
You should be aware that the Islam brothers Monir Islam, Moyn Islam, and Ehsaan Islam are infamous for endorsing shady investment schemes if you come across them. They were associated with Helo, a wearable technology startup that never emerged, and OneCoin, a Ponzi scam involving cryptocurrency that cost investors billions of dollars.
They are now promoting Melius, a pyramid scheme that masquerades as selling currency trading software but is really simply a mechanism for affiliates to make money by signing up new members. These brothers have a history of buying phony news releases from magazines like Forbes and Entrepreneur. Forbes even removed an article on them after learning of their involvement in the OneCoin fraud.
He advised that don’t be duped by the Islam brothers’ claims of simple affluence; they are nothing more than con artists.
The above person told that Since he’s been utilizing BE goods for the past two years, he heartily endorse their offerings. The live sessions are useful, the trade ideas are fantastic, and the instructional material is outstanding. He had a good experience overall, and the trading community is encouraging. Good luck with your trade and try it out!
The Bottom Line
We can say that these brothers used fake PR strategies to fool people. However, Both law companies with offices in the UK and the UAE have given Mr. Moyn and Monir, also known as Monirul, legal opinions. Both firms have agreed that the articles constitute defamation and have negatively harmed their personal lives, family, and company. In addition, the police certificates that Monirul and Monul obtained and have in their control from the law enforcement agencies in the UK and the UAE plainly show that no charges or complaints have been brought against them in any country.
The media and reporters have nefariously attempted to associate their names with the scam firm beyond their involvement. They received additional threats to their families lives as a result of the same.
Therefore, you must gather all the necessary information before making any type of investment. As there are a lot of people who can take advantage and can make you a fool.
