E1ULife fails to provide ownership or executive information on its website.
E1ULife’s website domain (“e1ulife.com”), was first registered in December 2021. The private registration was last updated on November 19th, 2024.
Further research reveals E1ULife marketing videos citing David Golden as its owner and CEO:
As per his LinkedIn profile, Golden is based out of Florida in the US:
In the experience of his LinkedIn profile, Golden cites CoinLogiq and Ingreso Cybernetico.
CoinLogiq is a collapsed bitcoin ATM scheme that targeted Colombia.
Ingreso Cybernetico
is a collapsed MLM pyramid scheme.
Both CoinLogiq and Ingreso Cybernetico were run by serial fraudster Dwayne Golden (right).
I wasn’t able to pin down specifics but it’s not unreasonable to suggest a family connection between David and Dwayne Golden.
Dwayne Golden was
indicted in 2022
on charges related to his involvement in multiple MLM crypto Ponzi schemes.
Golden
pled guilty
to conspiracy to commit wire fraud and money laundering in September 2024.
Golden has already consented to forfeiture of $2.46 million, with sentencing expected to be scheduled later this year.
Separately, the CFTC
filed parallel civil fraud charges against Golden
in 2022. The outcome of the CFTC’s case has been stayed pending Golden’s sentencing.
Even if he’s not related, David Golden was very much part of Dwayne Golden’s crime spree from at least 2013 to 2020.
Also with Dwayne Golden out on bail pending sentencing, we can’t rule out him being unofficially involved in (and/or actually running) E1ULife.
Update 10th March 2025 –
I was able to independently confirm a family connection between David and Dwayne Golden.
/end update
Update 11th March 2025 –
I was able to independently confirm Dwayne Golden has been involved in E1ULife since launch in 2021:
/end update
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.
E1ULife’s Products
E1ULife has no retailable products or services.
Affiliates are only able to market E1ULife affiliate membership itself.
E1ULife marketing provides access to generic online marketing tools and “AI credits”.
E1ULife’s Compensation Plan
There are two components to E1ULife’s compensation plan; a 1-up pyramid scheme and a matrix cycler gifting scheme.
1-up Pyramid Scheme
E1ULife runs a 1-up compensation plan. This sees commissions from every second recruited affiliate, across six buy-in tiers, passed up to the first qualified upline affiliate.
In turn, recruited affiliates will pass-up commissions earned on their second recruited affiliates at each buy-in tier.
E1ULife’s six buy-in tiers are:
Elevation Basic – $5
Elevation Elite – $10
Vertex – $25
Vertex Elite – $50
Vertex Pro Connect – $100
Vertex Live – $500
Qualification requires an affiliate to buy-in at each tier to earn pass-up commissions from it.
Matrix Cycler
E1ULife’s matrix cycler run
🤖 Quick Answer
Who is David Golden and what is his background?David Golden is identified as the owner and CEO of E1ULife through company marketing videos. According to his LinkedIn profile, he is based in Florida, USA, and lists previous experience with CoinLogiq and Ingreso Cybernetico among his professional background.
What were CoinLogiq and Ingreso Cybernetico?
CoinLogiq was a bitcoin ATM scheme that collapsed after targeting Colombian users. Ingreso Cybernetico was a collapsed MLM pyramid scheme. Both operations were previously managed by serial fraudster Dwayne Golden.
What ownership transparency issues does E1ULife present?
E1ULife fails to publicly disclose ownership or executive information on its official website. The company's domain was first registered in December 2021 with private registration, last updated in November 2024, limiting transparency regarding corporate structure
🔗 Related Articles
- Sports Trading BTC Review: James Ward’s crypto Ponzi opp
- Banker Quotes Review: Daily ROI commodities fraud Ponzi
- Golden Tech Consulting Review: MLM crypto pyramid
- CryptoTrain Trading Review: 52 week crypto trading bot Ponzi returns
- Forge Holdings Review: Logistics & rentals ruse Ponzi