The specific details surrounding the collapse of GetEasy late last year are still murky.

And against a backdrop of inaction from Portuguese regulators, sifting through what information is known is no easy task.

Portuguese police began
investigating GetEasy
back in October 2014. This marks the beginning of the GetEasy’s decline, with the investigation followed up by
a directive from the Bank of Portugal
in November.

This directive, as I understand it, crippled GetEasy’s EU banking channels. And what with most of their affiliate investors based out of Portugal, meant the bulk of the scheme’s investors were no longer getting paid.

Enter Michael Herzog (right), who GetEasy management turned to in an effort to circumvent their regulatory issues.

Whether Herzog was involved prior to 2015 is unclear, but under his guidance the scheme announced plans to run itself as an investment bank.

Under continued pressure from investors who continued to experience non-payment, this is around the time cracks in GetEasy management began to appear.

Unable to continue using the GetEasy name, Herzog and his crackpot team devised a name-change to
iGetMania
. By simply changing the name of the scheme, Herzog and friends hoped they would be once-again free to conduct business in Portugal and the rest of Europe.

Cue promises of
a new era in banking
,
announcements about bogus trusts being set up
and a general lack of activity, by mid February GetEasy had well and truly collapsed.

CEO Tiago Fontoura
blamed the collapse on Michael Herzog
. Herzog in turned blamed Gildevan Ribiero, a GetEasy insider, claiming he had blocked access to and made off with the GetEasy investor database.

And that’s where we left off.

Tiago Fontoura and Michael Herzog disappeared into the night, and to this day GetEasy investors have remained in the dark.

My personal take on the situation is that either Fontoura and friends or Herzog and friends made off with however many millions remained in GetEasy’s bank accounts.

That’s
what fuelled the management rift and further prevented the scheme from moving forward (with non-EU banking channels).

The lack of action from Portuguese regulators confirms this, as 
surely
they’d have moved to freeze any available funds had they of pulled the trigger on the scheme.

Not to mention GetEasy’s management and insiders, every last one of them, remain free to continue to scam people in their native Portugal.

Aware of the value of the GetEasy investor database, the race to further milk those that lost funds in the scheme is now on.

In any event, fast forward to today and Michael Herzog hasn’t been seen or heard from in public since GetEasy’s collapse.

Tiago Fontoura and GetEasy insiders Pedro Godinho, Fernando Aragao and Edgar Fontoura however, are gearing up to launch a new scheme, Go2Up.

Read on for a full review of the Go2Up MLM business opportunity.

The Go2Up Product Line

Go2Up’s product appears to be some sort of social network mobile

🤖 Quick Answer

What triggered the investigation into GetEasy's operations?
Portuguese police initiated an investigation into GetEasy in October 2014, marking the beginning of the company's decline. This investigation was followed by a directive from the Bank of Portugal in November 2014, which subsequently crippled GetEasy's EU banking channels and prevented most affiliate investors based in Portugal from receiving payments.

Who did GetEasy management contact to address regulatory challenges?
GetEasy management turned to Michael Herzog in an attempt to circumvent their mounting regulatory issues. Herzog's involvement came during a critical period when the company faced severe banking restrictions imposed by Portuguese authorities, affecting the payment infrastructure for the scheme's investors.

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