Crypto CNL has collapsed.

The scammers behind Crypto CNL have wasted no time rebooting the Ponzi scheme as Homes CNL.

In doing so, they’ve also inadvertently exposed a Russian MLM Ponzi factory.

Crypto CNL was run from the domain “cryptocnl.com”, privately registered on November 29th, 2021.

Up until sometime in late May Crypto CNL’s website was active. Attempts to visit the site today return this:

In researching Crypto CNL’s collapse, I came across Homes CNL:

For all intents and purposes, Homes CNL is a clone reboot of Crypto CNL.

Same website template and design language. All they’ve done is change the Ponzi ruse from crypto mining to real-estate.

Crypto CNL solicited investment across seven tiers, spanning $50 to $5000.

A 2% Monday to Friday ROI was offered, capped at 240%. Crypto CNL’s returns were purportedly tied to non-existent crypto mining.

MLM commissions were paid through a 3×9 matrix, at 1% of funds invested across the matrix.

Homes CNL reboots the Ponzi with CNL token and staking.

Real-estate is the new ruse of choice but has nothing to do with Homes CNL or its investment opportunity.

CNL recycles the 2% Monday to Friday ROI scheme, pays the same matrix commissions but introduces a CNL token exit-scam.

This time around when the Ponzi inevitably collapses, Homes CNL will exit-scam by paying their token out. This allows them to milk gullible investors for a little while longer instead of just doing a runner.

Although there’s no mention of him on Homes CNL’s website, Crypto CNL was headed up by “Jack Wilson”:

Wilson doesn’t exist. The Boris CEO is played by an actor.

Interestingly before it collapsed, Crypto CNL pretended it was going to have a “Crypto CNL Event” in Last Vegas “Nevadas” at some point.

With Homes CNL the event has been switched to Dubai and rescheduled for June 30th:

Dubai is the MLM crime capital of the world
. Any MLM company based out of or representing it has ties to Dubai is a scam.

The last thing to note with Crypto CNL and Homes CNL, is they both appear to be part of a larger MLM Ponzi factory.

Marketing videos for both scams are hosted on an inconspicuous
Vimeo channel named “Cryptocurrency”
.

At time of publication there are 168 videos on the channel, all of which are promos of Ponzi scams:

The English Homes CNL promo video is narrated by someone with an eastern European accent.

Along with the “Jack Wilson” Boris CEO, this strongly suggests Russian scammers are behind the Ponzis.

One unexpected series of promo videos on the channel are for Naka Games:

BehindMLM recently covered Naka Games as part of
Darren Olayan’s BitMobb Ponzi factory
.

I’m not exactly clear on the connection between Darren Olayan and this Russian Ponzi factory. But it appears they are likely working together in some capacity.

Here’s a list of all the other scams tied to this particular Russian Ponzi factory:

Keeed Wallet (September 2020, website still up)

Sozo Bot (October 2020, collapsed)

The Legend Bot (July

🤖 Quick Answer

What is Crypto CNL and why did it collapse?
Crypto CNL was a Ponzi scheme operating through cryptocnl.com that solicited investments across seven tiers ranging from $50 to $5000, promising 2% daily ROI capped at 240%. The scheme collapsed in late May, with operators subsequently relaunching an identical fraudulent operation under the new name Homes CNL, merely substituting real estate for cryptocurrency as the investment vehicle.

How is Homes CNL connected to Crypto CNL?
Homes CNL represents a direct reboot of the Crypto CNL scheme, utilizing identical website templates and design language. The operators maintained the same fraudulent structure while changing only the investment category from cryptocurrency mining to real estate, demonstrating a pattern of perpetual scheme recycling by the same criminal organization.

What Russian connection was exposed in this investigation?
The investigation into Crypto CN

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