Launched in the wake of the Ponzi schemes BBOM and TelexFree, GetEasy targeted investors from the same countries BBOM and TelexFree had previously flourished in.

Having exhausted that market, the scheme soon spread its wings to greater South America and Europe – with the latest reports indicating GetEasy has now also main inroads into Asia (Malaysia and India) and Africa.

Problems for the company first arose when the front GetEasy used to justify
the shuffling of new investor money to existing investors
began to fall apart.

Probably the most damaging was the revelation that the tracker company GetEasy had long professed to source GPS trackers from, announcing they have nothing to do with the company:

TachoEASY AG has recently become aware of the fact, that the trade name TachoEASY was associated with the Geteasy Group.

We have received a large number of statements of actual consumer confusion. We were also approached by third parties and asked about our possible relation to Tachoeasy Iberica.

TachoEASY AG is not affiliated with these entities and demanded vis-à-vis Tachoeasy Iberica that they immediately cease and desist any and all use of the trade name and logo TachoEASY.

The products distributed by Tachoeasy Iberica are not the original products developed and sold by our company, the TacoEASY AG. Any statements to the contrary are false.

There have also been reports that music streaming service Pleimo, another GetEasy smoke and mirrors relationship, terminated their relationship with the company after GetEasy failed to pay them hundreds of thousands of dollars in fees.

Note that I myself wasn’t able to confirm this but it has been widely reported in GetEasy affiliate circles, so perhaps take it with a grain of salt.

As the threads of the elaborate web GetEasy had spun to cover its Ponzi operations came undone,  regulatory problems also began to surface.

October saw “Polícia Judiciária (Portugal’s primary law enforcement agency for criminal investigations), reveal they had
launched an investigation into the company
. In the following month 
the Bank of Portugal then warned investors
that GetEasy were

not authorised, in Portuguese territory, to accept deposits or other repayable funds (nor to carry on any other financial activity subject to the supervision of Banco de Portugal).

Reports of GetEasy payment problems had already surfaced prior to the bank’s warning and police investigation, with the lack of payment issue remaining unresolved to this day.

Around mid-December rumours of a new company name have emerged and hints at possible new smoke and mirrors contracts to mask the flow of new funds to existing investors abound.

Now, after broken promises and then mostly silence from GetEasy corporate, CEO Tiago Fontoura has made a series of New Years Eve announcements.

In a thirteen minute video uploaded to YouTube, Fontoura attempts to set the record straight.

First order of business? Where is everyone’s money and why hasn’t G

🤖 Quick Answer

What is GetEasy and how did it emerge in the MLM landscape?
GetEasy is an investment-based multilevel marketing scheme launched following the collapse of Ponzi schemes BBOM and TelexFree. It initially targeted investors from countries where these predecessors had operated, subsequently expanding to South America, Europe, Asia, and Africa through systematic market penetration strategies.

What primary mechanism did GetEasy employ to distribute funds?
GetEasy utilized a system involving the shuffling of new investor money to existing investors. The scheme required a business front to legitimize this capital redistribution practice and maintain operational viability throughout its expansion phases.

What revelation damaged GetEasy's credibility?
GetEasy claimed to source GPS trackers from TachoEASY AG. However, the company publicly announced it had no association with GetEasy, exposing the fraudulent nature of GetEasy's purported

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