FomoEX operates in the cryptocurrency MLM niche. The company fails to provide a corporate address on its website.

Heading up FomoEX is Stephen Meade (President) and David Hung (CEO).

Stephen Meade (right) is an unknown in the MLM industry. Over the past few years he’s reinvented himself as a crypto bro.

Meade’s crypto bro adventures appear to have culminated in MonetaPro, a failed cryptocurrency ecommerce platform.

Over the past two years or so Meade has also jumped on the podcast bandwagon.

The last episode of “The BullsEyeGuy” was uploaded to YouTube on September 23rd, 2021. It has 11 views.

FomoEX’s website credits David Hung as

Owner of the largest Filecoin farms in Singapore, Hold mining farm in Singapore and USA. [sic]

Other than that there’s not much out there on Hung. He appears to be another crypto bro with nothing much else going on.

Based on his appearance in a FomoEX marketing video, and Chinese-language spam articles talking up his ties to FileCoin, Hung is believed to have ties to China.

This tracks with FomoEX running on a Shanghai time commission schedule.

On Facebook Stephen Meade represents he is based out of California in the US.

FomoEX recently held a prelaunch event in Dubai. Both Meade and Hung were in attendance.

Whether the pair have taken the precautionary measure of relocating there yet though is unclear.

Dubai is the
MLM scam capital of the world
. The emirate’s lack of regulatory enforcement sees it attract MLM scammers from all over the world.

At least for now, FomoEX has chosen Dubai to launch its business operations from.

On the pseudo-compliance side of things, FomoEX pretends it is based out of the British Virgin Islands in its website Terms of Service:

GOVERNING LAW

These Terms of Use shall be governed by and construed in accordance with BVI law.

BVI is another hidey-hole with no active MLM fraud related regulation. Because of this it a favorite jurisdiction for scammers to incorporate shell companies in.

Read on for a full review of FomoEX’s MLM opportunity.

FomoEX’s Products

FomoEX has no retailable products or services.

Affiliates are only able to market FomoEX affiliate membership itself.

FomoEX’s Compensation Plan

FomoEX solicits investment in cryptocurrency on the promise of advertised returns.

Package-1 – invest $100 and receive up to 10% a month

Package-2 – invest $300 and receive up to 11% a month

Package-3 – invest $500 and receive up to 12% a month

Package-4 – invest $1000 and receive up to 13% a month

Package-5 – invest $5000 and receive up to 14% a month

Package-6 – invest $10,000 and receive up to 15% a month

Package-7 – invest $25,000 and receive up to 16% a month

Returns are paid up to 300%, after which reinvestment is required to continue earning.

FomoEX solicits investment in USDT, ECN and MOF:

100% of the required investment amount can be made in USDT

up to 70% of the required investment amount can be made in USDT, the remaining 30% can be made in ECN or MOF

🤖 Quick Answer

What is FomoEX and its operational structure?
FomoEX operates within the cryptocurrency multilevel marketing sector without disclosing a corporate address on its website. The company is headed by President Stephen Meade and CEO David Hung, positioning itself in the digital asset investment space.

Who is Stephen Meade and what is his background?
Stephen Meade serves as FomoEX's President. He has rebranded himself as a cryptocurrency entrepreneur in recent years, previously involved with MonetaPro, a failed cryptocurrency ecommerce platform. He has also hosted a podcast called "The BullsEyeGuy" with minimal viewership.

What are David Hung's claimed credentials?
David Hung, listed as FomoEX's CEO, claims ownership of Singapore's largest Filecoin mining farms and operates mining operations in both Singapore and the United States, according to

🔗 Related Articles

- PGI Global reboots Ponzi, Helen L Graham promoted to CEO
- AladdinBOT Review: AI trading bot ruse Ponzi scheme
- BitConnect Ponzi scheme collapses, $2.4 billion wiped in 10 days
- Crypto15 Review: Todd Hirsch out of jail, straight back to scamming
- BuddyX Review: BDYX token pump & dump Dubai Ponzi