Ash Mufareh declares “only God can stop OnPassive!”

Ash Mufareh has set the stage for a biblically epic showdown with the SEC.

In a
webinar held on Saturday August 12th
, Mufareh declared “only God can stop OnPassive”.

When the SEC began investigating OnPassive is unclear. In August 2022 however, Mufareh inferred
he and OnPassive were under investigation
.

The good news for OnPassive victims is that Mufareh claims to have provided the SEC with plenty of incriminating evidence.

[0:44] We are disappointed by the SEC’s behavior and that they have decided to file this Complaint.

We had full compliance and cooperation, productively with them over the years. Literally for years.

We’ve been always transparent and uh supportive uh, we understood their uh curiosity and their reasons to investigate, and we’ve been all along open.

The SEC has
charged Mufareh with multiple violations of the Securities and Exchange Act
, including:

unregistered offers and sale of securities;

fraud;

fraud in connection with the purchase or sale of securities; and

violation of the Securities and Exchange Act as a “control person”

Ignoring the charges and evidence presented in the SEC’s Complaint, Mufareh claims the regulator filed suit because OnPassive made them “discomfortable”.

[1:24] We understand some people are probably discomfortable … with OnPassive changing the game. They’re not used to such a clean and pure thing.

So they’re doing everything they could and they have been. I just want you to understand this is not a new thing.

They (the SEC) have been doing everything in their power to undermine OnPassive, to diminish it, the reputation of Ash Mufareh and all of that.

I just want you to know that this (the SEC’s lawsuit) is not going to change the facts. Okay? It’s all just pointless allegations.

We strongly disagree with the allegations in all. And they’ve contained y’know, just some uh, ridiculous uh points. And I personally look forward to our day in court.

[2:45] OnPassive is the future of the internet, that’s not gonna change … and we are not gonna get into the nonsense.

Mufareh goes on to explain the reason the SEC sued him was for “fame and lame popularity”.

[4:25] On the other side, most of (the) people are just in it for their pockets or some fame, or lame popularity at any cost.

I don’t care about that. I’m gonna remain loyal and bold. I’m gonna do it or die.

Not caring about his pockets is a bold statement to make, considering Mufareh stands accused of soliciting $108 million from consumers.

According to the SEC, Mufareh and his wife Asmahan spent OnPassive member’s funds on
“online retail purchases, upscale dining, TV subscriptions, groceries, salon and spa visits, … martial arts lessons, jewelry purchases … and the purchase of stocks.”

[4:55] [The] disappointing allegations are, y’know uh, I would say uh, (are) pathetic.

[5:28] You probably see something because it’s now turning under the light. To you probably something new.

Just want you to relax because to us, this has been

🤖 Quick Answer

What did Ash Mufareh state about OnPassive's future during an August 2022 webinar?

When did the SEC investigation into OnPassive begin?
The exact timeline of the SEC investigation remains unclear; however, Mufareh publicly inferred in August 2022 that both he and OnPassive were subjects of SEC investigative scrutiny.

What was Mufareh's claim regarding cooperation with the SEC?
Mufareh stated that OnPassive maintained full compliance and productive cooperation with the SEC over several years, emphasizing transparency and openness throughout the investigative process regarding their curiosity and reasons.

🔗 Related Articles

- De La Rosa & Crosby preliminary injunction granted
- Ryan Evans settles Saivian fraud with SEC
- WakeUpNow to enforce mandatory retail sales quota
- WMI’s advertising standards: Why the iron grip?
- Cloud Token collapse due to hackers, COVID-19 & authorities