Dwayne Golden, Gregory Aggesen, Marquis Demacking Egerton (aka Mardy Eger) and William White have been indicted.

Their indictment pertains to the running of multiple MLM crypto Ponzi schemes.

A fifth co conspirator is redacted in the indictment. Based on
parallel civil proceedings filed by the CFTC
, I believe this is Jatin Patel.

Patel is likely redacted due to him not being arrested yet.

Dwayne Golden (right) and Mardy Eger are US citizens residing in Florida and North Carolina respectively.

BehindMLM first documented Golden and Eger running Ponzi schemes with Blue Bird Bids.

Blue Bird Bids
launched in 2012 as a clone of the infamous
Zeek Rewards
Ponzi scheme.

After Blue Bird Bids Eger (right) continued to work with Golden but in secret.

Dwayne Golden went on to front
Ingreso Cybernetico
,
1×2 Marketing Suite
,
Xtreme Coin
and
Du It Bitcoin Network
. Golden was also part of James Wards’
Sports Trading BTC
Ponzi.

Greg Aggesen is a US citizen residing in New York. Aggesen last featured on BehindMLM in June 2021, as the owner of Omega Digital.

Omega Digital
was a reboot of Aggesen’s collapsed
AutoBTC Builder
Ponzi scheme.

Before AutoBTC Aggesen (right) was a promoter of
JetCoin
, another Ponzi scheme.

William White and Jatin Patel I’m not familiar with. White is a US citizen residing in Pennsylvania. The CFTC’s complaint identifies Patel as an Indian national.

Golden, Eger, Aggesen and Patel
stand accused
of launching “a series of fraudulent schemes” between April 2017 and August 2017.

These are
EmpowerCoin
, ECoinPlus, JetCoin and
JetCoin 2.0
.

The above Ponzi schemes were marketed

on false promises that the investors’ assets would be invested in Bitcoin, that Bitcoin would be traded by those companies on behalf of the investors and that the investors would earn large returns as a result of that trading activity.

Instead,

the companies collapsed shortly after receiving the investors’ assets, without the companies having engaged in trading activity.

Dwayne Golden, Mardy Eger and Jatin Patel are credited with teaming up to run EmpowerCoin and ECoinPlus.

Golden and Eger put the scams together, Patel was the tech guy in India. ECoinPlus was a reboot of EmpowerCoin, both ran the same backend script.

Aggesen and an unnamed co-conspirator joined the trio to launch JetCoin.

The same backend script used to run the previous Ponzis was recycled again.

When the short-lived scams collapsed, Golden, Eger, Aggesen and Patel trotted out the familiar “technical difficulties” and “we got hacked!” excuses.

All up the four Ponzi schemes took in $44.9 million.

Dwayne Golden, Gregory Aggesen, Marquis Demacking Egerton, Jatin Patel and Co-Conspirator #1 took investor proceeds before investors receive payments.

Golden and Patel maintained exclusive access to the Bitcoin from investors and often siphoned bitcoin funds off the top before paying investors.

As JetCoin was collapsing for a second time, Aggesen began to worry abou

🤖 Quick Answer

Who are the individuals indicted in the MLM crypto Ponzi scheme case?
Dwayne Golden, Gregory Aggesen, Marquis Demacking Egerton (Mardy Eger), and William White have been indicted for operating multiple MLM cryptocurrency Ponzi schemes. A fifth co-conspirator, believed to be Jatin Patel based on CFTC civil proceedings, remains redacted pending arrest.

What is the connection between the defendants and previous fraudulent schemes?
Golden and Eger previously operated Blue Bird Bids, launched in 2012 as a replica of the Zeek Rewards Ponzi scheme. After Blue Bird Bids collapsed, Eger continued collaborating with Golden in undisclosed cryptocurrency ventures, including the Ingres operation.

Where are the primary defendants located?
Dwayne Golden and Mardy

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