Cloud Horizon operates in the MLM cryptocurrency niche and claims it is incorporated in the Cayman Islands.
On the management side of things Cloud Horizon discloses it is ‘
wholly owned (by) Mr. Frank Ricketts who is the actual CEO of the company
‘.
Rickett’s MLM claim to fame is
Unaico and SiteTalk
, a combination of investment and pyramid fraud. When those scams collapsed, Ricketts rebooted the business as
The Opportunity Network
.
In early 2016 Ricketts
sold off The Opportunity Network’s list of investors to OneCoin
.
In addition to an undisclosed sum of money, Ricketts was also gifted a OneCoin Black Diamond investment position.
Behind the scenes Ricketts is believed to have been instrumental in setting up OneCoin’s shell company money laundering network.
When OneCoin
collapsed in 2017
Ricketts disappeared. He resurfaced in mid 2018 as CEO of the
AuLives
Ponzi scheme.
AuLives flopped, prompting Ricketts to register the Cloud Horizon website domain on November 30th, 2018.
Despite only existing as an MLM opportunity as of a few months ago, on its website Cloud Horizon claims it ‘
was incorporated in June 2013 in the Cayman Islands
‘.
As previously stated, Ricketts was instrumental in setting up OneCoin’s money laundering network. This involved dozens upon dozens of shell companies.
While it feasible that Cloud Horizon is just one of the many companies Ricketts set up to launder money through, it was launched as a standalone MLM opportunity on or around late January, 2019.
Naturally beyond possible being incorporated in the Cayman Islands, Cloud Horizon has no actual physical operations there.
Since OneCoin collapsed Ricketts is believed to primarily hide out in south-east Asia and Dubai.
At the time of publication Ricketts is busy promoting Cloud Horizon in Vietnam.
As above, Ricketts is working with former OneCoin scammers Nattchaphan Sornsirenan and Staffan Liback.
Nattchaphan Sornsirenan launched her own OneCoin Ponzi clone late last year.
Orientum, like AuLives and pretty much every other OneCoin clone, went nowhere and flopped.
The Orientum website currently has an Alexa ranking of 2.7 million, up recently from 3.9 million (the higher the number the less visitors a site has)
Either figure is as good as dead for an MLM Ponzi scheme.
Staffan Liback’s MLM history is mostly unremarkable. But if you want you read about his recent exploits we did feature Liback in our
OneCoin Ponzi Wall of Shame
.
Alternatively, read on for our review of the Cloud Horizon MLM opportunity.
Cloud Horizon Products
Cloud Horizon has no retailable products or services, with affiliates only able to market Cloud Horizon affiliate membership itself.
The Cloud Horizon Compensation Plan
Cloud Horizon affiliates invest in tokens, which are in turn converted into Orientum+ (ORTP) tokens.
Affiliate investors can exchange ORTP tokens for subsequently invested funds, at whatever internal exchange rate Cloud Horizon sets.
In total Cloud Horizon
🤖 Quick Answer
What is Cloud Horizon's business model and ownership structure?Cloud Horizon operates in the MLM cryptocurrency sector, claiming incorporation in the Cayman Islands. The company is wholly owned by Frank Ricketts, serving as CEO. The firm combines investment and cryptocurrency elements within a multi-level marketing framework typical of the cryptocurrency MLM industry.
What is Frank Ricketts' history in MLM ventures?
Frank Ricketts previously managed Unaico and SiteTalk, both identified as investment and pyramid schemes. Following their collapse, he reestablished operations under The Opportunity Network, subsequently selling its investor database to OneCoin in 2016 while receiving financial compensation and a Black Diamond investment position.
How is Frank Ricketts connected to OneCoin?
In early 2016, Ricketts sold The Opportunity Network's investor list to OneCoin and received undisclosed monetary compensation plus a Black
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