Defi Synergy fails to provide ownership or executive information on its website.

Defi Synergy’s website domain (“defisynergy.io”), was privately registered on December 23rd, 2023.

On March 2nd, 2024, Defi Synergy uploaded a video to its official YouTube channel titled “
Launch Defi Synergy
“.

The recording is of a Zoom webinar, primarily attended by what appears to be middle-aged to elderly US residents.

Hosting the webinar was Texas resident James Prewitt.

Prewitt made a name for himself as a National Director in the
YTB Travel pyramid scheme
(aka YTB International).

Circa 2010, Prewitt’s YTB Travel marketing hook was convincing religious leaders to scam their followers.

Following regulatory action from California in 2008, YTB Travel began a drawn out collapse over the following years. YTB Travel would eventually go on to file for bankruptcy in 2013.

Prewitt and wife Marcia followed YTB Travel co-founder Scott Tomer into Surge 365.

Surge365
, aka Surge Three Sixty-Five, launched in 2015. Not surprisingly, Surge365 is another travel-themed MLM recruitment scheme.

Today Surge365’s website is still up. Tomer is now Chairman of the company and the Prewitt’s appear to have moved on to cryptocurrency.

Getting back to Defi Synergy’s launch video, James Prewitt goes on to introduce Maryland resident J. Scott Whitney (aka Scott Whitney).

Whitney claims to have “been in the crypto space since 2016”. I can’t speak to that but can confirm Whitney was
promoting the non-crypto MLM company Asirvia
in 2017.

What I can confirm is Whitney is a serial promoter of MLM crypto Ponzi schemes. Whitney appears to promote fraudulent investment schemes under “A Team United” branding.

Seemingly in preparation for Defi Synergy’s launch, Whitney has attempted to delete his promotion of fraudulent MLM crypto investment schemes.

Nonetheless, two MLM crypto Ponzi schemes we can tie Whitney to are NovaTechFX and Vortic United.

NovaTechFX
was an MLM crypto Ponzi scheme that
collapsed
in February 2023.

Vortic United
was a Boris CEO MLM crypto Ponzi that
collapsed
in August 2023.

Given he’s actively deleting his scamming past, whether Whitney promoted other MLM crypto Ponzis in the lead up to Defi Synergy is unclear.

The third name we can tie to Defi Synergy is Bob Bearden, who Whitney introduces as his “partner”.

Bob Bearden promoted
Visalus
,
Jeunesse
and
QuiAri
, before transitioning to MLM crypto fraud with NovaTechFX.

As of February 2024, an
ongoing SEC investigation into NovaTechFX
is underway.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Defi Synergy’s Products

Defi Synergy has no retailable products or services.

Affiliates are only able to market Defi Synergy affiliate membership itself.

Defi Synergy’s Compensation Plan

Defi Synergy affiliates invest USD equivalents in cryptocurrency.

This is done on the promise of passive daily

🤖 Quick Answer

What is Defi Synergy and who are its key figures?
Defi Synergy is a cryptocurrency trading platform launched in March 2024 through a Zoom webinar. The platform's domain was privately registered in December 2023. James Prewitt, a Texas resident, hosted the official launch event. Prewitt previously served as National Director in YTB Travel, a multi-level marketing scheme that faced regulatory scrutiny and collapse following California enforcement actions in 2008.

Why does Defi Synergy lack transparency regarding ownership?
Defi Synergy's official website does not disclose ownership or executive information. The domain registration remains private, preventing public identification of company principals. This absence of transparent corporate governance and leadership details raises concerns about accountability and regulatory compliance within the cryptocurrency trading platform.

What is the connection between Defi Synergy and pyramid schemes?
James

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