Dan Putnam, already under a federal injunction from the U.S. Securities and Exchange Commission, appears to be involved in a new automated trading venture called Aiscend. The Aiscend platform offers a "Neabula" bot promising 8% to 10% monthly returns from forex trading, a setup that strongly suggests unregistered securities and commodities offerings, directly challenging the terms of Putnam's January 2023 settlement with the SEC.
Aiscend.io, its domain privately registered in July 2023, offers no clear ownership information on its public website. This lack of transparency contrasts sharply with its ties to B-Epic, a multi-level marketing company known to be operated by Dan Putnam. Aiscend's own Terms and Conditions prohibit the use of "BEPIC" in Brand Influencer email addresses or third-party marketing, yet its Privacy Policy discusses "aiscend Worldwide" while detailing B-Epic's data collection practices. This includes information gathered when visiting B-Epic's website, purchasing products, or contacting member support.
Ali Saleh was identified as Aiscend's CEO in an official August 2023 marketing video. Saleh promoted the platform through January 2024. However, in a recent Instagram video, Saleh announced his departure for a "new platform." This exit follows reports earlier this week from Daily Exposed, indicating Saleh's inability or unwillingness to cover legal fees in his separate Eaconomy case.
Aiscend's compensation plan directly mirrors B-Epic's existing structure. This suggests Aiscend likely operates as a new product line within the broader B-Epic network, despite maintaining a distinct web presence. The purpose of this separate website remains unclear if Aiscend is merely an internal division.
Aiscend promotes "Trade Buddy," which it describes as delivering "high-accuracy Forex signals to hands-free trading technology." While trading signals alone might not always trigger securities registration, automated trading technology typically does. The platform's passive returns bot, named "Neabula," claims to generate 8% to 10% returns each month. Access to this bot reportedly costs between $99 and $150 monthly. Aiscend literature refers to this as "an investment in your financial future." A January 2024 presentation by Saleh included a slide for "Trade Buddy," stating the system "automates signal execution" while customers are "at work or sleeping."
The U.S. Supreme Court's Howey Test defines an investment contract as an investment of money in a common enterprise with a reasonable expectation of profits derived from the efforts of others. Aiscend's automated trading bot satisfies each prong of this test. Customers invest money, share in a common trading pool or strategy, and expect returns based solely on the bot's performance, managed by Aiscend. Marketing slides from Saleh's presentation cite win-rate statistics to support Aiscend's return-on-investment claims. However, federal law requires such claims to be verified through audited financial reports filed with regulators. Neither Aiscend, B-Epic, Dan Putnam, nor Ali Saleh appear registered with the SEC. A check of the SEC's EDGAR database shows no such filings. Given Neabula's focus on forex trading, registration with the Commodity Futures Trading Commission (CFTC) is also required. None of the involved parties are registered with the CFTC either.
Dan Putnam settled charges with the SEC in January 2023 following a 2020 lawsuit. That lawsuit accused Putnam, his father, and two associates of $12 million in securities fraud through multiple MLM crypto Ponzi schemes. The settlement included a permanent injunction, prohibiting Putnam from any future violations of U.S. securities law. Aiscend's Neabula automated trading bot now appears to place Putnam in direct violation of that federal court order, adding potential commodities fraud to the existing securities issues.
As of February 2024, B-Epic's public website makes no mention of Aiscend. Traffic to Aiscend's website registered too low for public tracking by SimilarWeb that month. The departure of Ali Saleh leaves Aiscend without its publicly named CEO, raising questions about the venture's immediate future. Individuals concerned about investment fraud can report suspicious activities to the SEC's Office of Investor Education and Advocacy.