The Eclipcity Global Ponzi scheme has collapsed. Owner Andreas Kartrud is yet to publicly acknowledge the collapse.

For details we instead turn to Ponzi veteran T. LeMont Silver.

Silver (right) made a name for himself as a Zeek Rewards net-winner back in 2011. As per filed clawback litigation,
Silver stole over a million dollars
from Zeek victims.

After the
SEC shut down Zeek Rewards
in 2012, Silver uprooted his family and fled to the Dominican Republic.

There he doubled down on gaining Ponzi notoriety with
BitClub Network
.

We last came across Silver in late 2019 pushing
3 to 5 Years
, a short-lived forex scam.

About six months ago Silver debuted on YouTube as “The Professor”.

As The Professor, Silver has been promoting various MLM crypto scams. The latest of which was Kartrud’s Eclipcity Global.

Via a video uploaded by Silver on March 16th, we can confirm Eclipcity Global’s collapse.

Breaking news from Andreas

We can all see that the balance is declining rapidly. We can all see that the members joining is decreasing as well and we can all see that turning this around will be nearly impossible.

For those unfamiliar with Andreas Kartrud’s brand of smart-contract Ponzi schemes, it started with
EtherChain
back in June 2020.

EtherChain
collapsed
and became
TronChain

TronChain
collapsed
and became
CyberChain

CyberChain collapsed and became
Eclipcity Global

A smart-contract balance being drained is inevitable. The “balance” is invested funds, which over time early investors withdraw.

Recruitment in MLM Ponzi schemes inevitably declines, meaning the balance runs at a deficit as early investors continue to deplete it.

This is your standard inevitable Ponzi collapse playing out.

Despite nobody being able to control them being pushed as a major marketing point for smart-contract Ponzi schemes, Kartrud (right) goes on to announce he’s shutting Eclipcity Global down.

We are going to close Eclipcity Global, destroy the contract and move all funds into the insurance contract of Eclipcity Global.

Those who are in loss, meaning they have not yet receive(d) 100% of their total deposit will be able to claim 1% daily from the insurance contract until they have gotten their 100% back.

If you’re wondering what the “insurance fund” is, it’s simple a small balance set aside of invested funds.

When TronChain collapsed Kartrud promised investors would be made whole through an insurance fund – fueled by Eclipcity Global investment.

At the end of the day all Kartrud is doing is juggling a finite balance of invested funds. Math guarantees that
as long as there are Eclipcity Global net-winners, the majority of investors cannot recover their losses.

As I understand it this is how TronChain played out, despite the insurance contract promises. Naturally this is how Eclipcity Global will also play out.

And it’s bad enough promising your victims an impossible 100% recovery. After radio silence for two weeks, Kartrud appeared in a March 19

🤖 Quick Answer

What is Eclipcity Global?
Eclipcity Global is a Ponzi scheme that has recently collapsed. The scheme was operated by Andreas Kartrud, who has not yet made public statements acknowledging the collapse of the investment platform.

Who is T. LeMont Silver?
T. LeMont Silver is a Ponzi scheme veteran who gained prominence as a net-winner in Zeek Rewards during 2011. According to clawback litigation, Silver obtained over one million dollars from Zeek victims before the SEC shut down the scheme in 2012.

What happened after Zeek Rewards closed?
Following the SEC's shutdown of Zeek Rewards in 2012, Silver relocated his family to the Dominican Republic, where he subsequently became involved with BitClub Network and other fraudulent investment schemes.

What is "The Professor" YouTube channel?
"

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