Enigma Network collapses, rebooted as BFX Standard

Enigma Network launched in late 2021. BehindMLM published its
Enigma Network review
on January 18th, 2022.

In reviewing Enigma Network, we found an MLM opportunity providing access to an automated trading bot.

Although Dave Wiltz was credited as Enigma Network’s founder and President, J. Joshua Beistle and Doug Wellens were behind the company.

I can’t tell you exactly when Enigma Network collapsed but its official FaceBook page was abandoned in May 2022.

SimilarWeb also tracks negligible traffic to Enigma Network’s website over the past three months.

Enigma Network’s collapse has prompted the launch of BFX Standard, essentially the same scheme with a different name.

Of note is a shakeup of Enigma Network’s corporate lineup, specifically Richard Anzalone.

Anzalone was 
indicted in 2017
on criminal charges related to Infinity2Global.

Anzalone
pled guilty
to those charges in May 2022, believed to be around the time Enigma Network collapsed.

Anzalone has yet to be sentenced but, unless he plans to participate from prison, I don’t believe he’s part of BFX Standard.

Another significant event that happened in May was the 2022 Terra/Luna collapse, which led to a ~66% crypto market dump.

Whether that was a contributing factor to Enigma Network collapsing remains unclear.

Enigma Network represented it was based out of Texas. BFX Standard appears to be incorporated as a Wyoming shell company, presumably also run out of Texas.

BFX Standard’s corporate lineup is Dave Wiltz as CEO, Courtney Logan as COO and Justin Johnson as CFO.

Courtney Logan rode the personal development grift until he got into crypto circa 2017.

By late 2017 Logan had joined
iMarketsLive
.

The CFTC
fined iMarketsLive for commodities fraud
in 2018.

Having learnt everything about forex from a pyramid scheme committing commodities fraud in just a few short months, Logan went on to start selling forex masterclasses.

Under the brands US30 Academy and RFX Academy, Logan charged thousands of dollars for his newly acquired forex expertise.

Today SimilarWeb tracks negligible traffic to both US30 Academy’s and RFX Academy’s websites. This likely led to Logan signing on with BFX Standard.

Of note is RFX Academy being one of Enigma Network’s products and continuing over to BFX Standard.

I wasn’t able to put together an MLM history on Justin Johnson. Like Dave Wiltz, Justin appears to be a nobody prior to BFX Standard.

J. Joshua Beistle’s MLM history of Ponzi and pyramid schemes was covered in
BehindMLM’s Enigma Network review
.

Curiously, I haven’t seen Doug Wellens in any of BFX Standard’s marketing. I’m not sure if he’s still with the company or if he’s cashed out.

Like Enigma Network, BFX Standard pitches an app-based crypto and forex trading platform, powered by “A.I. algorithms”.

This is from an official BFX Standard marketing video on their website:

Included in our cryptocurrency trading module is a powerful A.I. algorithm, that comes with four years of documen

🤖 Quick Answer

What was Enigma Network and when did it launch?

Who were the founders behind Enigma Network?
Although Dave Wiltz was credited as founder and President, J. Joshua Beistle and Doug Wellens were identified as the primary figures behind Enigma Network's establishment and operations throughout its active period.

When did Enigma Network cease operations?
Enigma Network's official Facebook page was abandoned in May 2022, marking its collapse. SimilarWeb data confirmed negligible website traffic during the subsequent three-month period, indicating the scheme's operational shutdown.

What happened after Enigma Network's collapse?
Following

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