CashFlowNFT has banned affiliate promoters from sharing information about the company.
As per a recent communication sent out by founder Micah Theard;
We will be implementing a stringent Non-Disclosure Agreement (NDA) on our communication, which will require mandatory signature in your password-protected portal on CashFlowNFT.
Please be aware that any sharing of our content is strictly prohibited, and we will take aggressive action to enforce the NDA should anyone violate this policy.
Theard (right), a
former promoter of the OneCoin Ponzi scheme
, goes on to claim that information shared with affiliates “has been misused and exploited to sabotage our project”.
Theard doesn’t provide any examples. We’re certainly curious what CashFlowNFT promoters are banned from sharing.
Unfortunately for Theard, now that he’s initiated that whole
MetaTerra Corp circus
, he doesn’t have a choice. Either full disclosure is made public through SEC filings, or he and CashFlowNFT continue to commit securities fraud in the US.
MetaTerra Corp’s next SEC filing, it’s annual 10-K, is due 90 days from December 31st, 2023 (~March 31st, 2024).
Anything less than full disclosure to the SEC of CashFlowNFT’s complete audited financials and
MLM investment opportunity
will constitute ongoing securities fraud.
Of particular interest will be MetaTerra Corp disclosing to the SEC that CashFlowNFT has
already
been committing securities fraud
by selling virtual shares to US residents.
CashFlowNFT’s continued acts of securities fraud reflect Theard’s continuing to demonstrate a lack of understanding of US securities law.
In typical crypto bro fashion, Theard frames regulation of cryptocurrency securities to “attacks”. He also incorrectly seems to think cryptocurrency doesn’t fall under US securities law.
[1:49:42] Many companies are doing things, that they don’t know for sure, if they’re going to get in trouble. Because America has no crypto regulations in place. They only have (the) SEC.
It’s not, there’s no institution saying, “Hey, we are the crypto regulatory body. And here are the crypto regulations”.
As far as cryptocurrency investment schemes running afoul of US securities law, there doesn’t need to be a “crypto regulatory body” or separate “crypto regulations”.
The US Securities and Exchange Act has been around since 1933. The Howey Test, commonly used to determine an investment contract for the purpose of applying securities law, was a US Supreme Court decision dating back to 1946.
Common-sense aside, the SEC has made it very clear that
it
doesn’t matter what you use to violate securities law
.
Cryptocurrency is just a new vehicle for fraud and, as demonstrated by the increasing number of regulatory lawsuits and DOJ criminal enforcement actions, isn’t exempt from existing US securities law.
The above quote from Theard is from a two hour “truth” video, uploaded to Theard’s Boogie Gopher Club YouTube channel on January 29th, 2024.
Most of the video is
🤖 Quick Answer
What restrictions has CashFlowNFT implemented for affiliate promoters?CashFlowNFT has implemented a stringent Non-Disclosure Agreement requiring mandatory signature through its password-protected portal. Promoters are prohibited from sharing company content, with enforcement of aggressive legal action for violations. Founder Micah Theard claims shared information has been misused to sabotage the project.
Who is Micah Theard and what is his background?
Micah Theard is the founder of CashFlowNFT who issued the NDA communication. He has a documented history as a former promoter of OneCoin, a cryptocurrency scheme later identified as a Ponzi scheme that defrauded investors globally of billions of dollars.
What justification did CashFlowNFT provide for the content sharing ban?
CashFlowNFT claimed that information shared
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