CGI Limited is soliciting investments for its gaming MLM opportunity through a U.S. bank account, despite shutting down its public-facing Coinsinos website on February 23rd. The Coinsinos site previously advertised a scheme involving cryptocurrency cockfighting and other gaming ventures. Affiliate login services now redirect to the CGI Limited website, where participants are instructed to deposit funds for betchip tokens via Bitcoin, Bitcoin Cash, Ethereum, or bank wire transfer to a U.S. account.
CGI Limited's model requires affiliates to invest up to $50,000 in betchip token packages. These tokens have no value outside the company's MLM structure and are used to play games on CGI Limited's platforms. The games offered on the now-defunct Coinsinos site included slots, live dealer options, table games, bingo, and cockfighting.
Current investment activity via cryptocurrency appears minimal, with the exception of the Ethereum wallet. This wallet holds 103.37 ETH, valued at approximately $39,446, and shows ninety transactions over the past 65 days. Bitcoin and Bitcoin Cash wallets show only a few transactions since late March and early April, totaling less than half a Bitcoin and just over 3.7 Bitcoin Cash.
The U.S. bank account used for deposits is a BB&T Georgia account registered to Global Outbreak LLC. Corporate filings show Global Outbreak LLC was incorporated in Georgia in 2011. Jef Welch is listed as the authorized "attorney-in-fact" for Global Outbreak LLC. Welch, who refers to himself as "the MLM Business Man" and CEO of Global Prosperity Marketing, specializes in network marketing training and coaching. He was recently identified by BusinessForHome as a "top leader" for CGI Limited, in an article suggesting the company was lobbying Wyoming to legalize its business model.