Holton Buggs’ descent into MLM crypto securities fraud continues.

The latest is iBuumerang distributors now being fed into his NFT Ponzi factory.

Before we get into the heavy fraud, we’ll begin with iBuumerang’s recent acquisition of MBA Trading Academy.

MBA stands for “My Bitcoin Academy”…

…so in fact we have My Bitcoin Academy Trading Academy, but I digress.

MBA Academy was founded in 2017 by Jason Grigg and Michael Sloggett.

In 2021 Sloggett was booted out after “board members learned police had launched a federal money laundering case against him.”

Since then MBA Academy seems to have floundered…

…making it ripe for acquisition.

MBA is being integrated into iBuumerang through its Ellev8 offering.

As iBuumerang executive Mark Kithcart put it on a webinar earlier this week;

It’s going to be incredible for you guys to get cryptocurrency trading from the professionals.

Forex is there, we’ve got the professionals in forex. The crypto trainers are coming so congratulations for you guys.

On the surface this might just appear to be an expansion of financial training offered to iBuumerang distributors.

It’s actually a key component of Holton Buggs’ future plans for the company; and in order for that to work iBuumerang distributors need to feel comfortable with NFT Ponzi grifting.

As Buggs explained on a June 6th iBuumerang webinar;

[52:55] There’s some major benefits that we’re gonna be launching too that … you’ll have access to all of these types of projects. That I can tell you are second to no projects in the entire NFT world.

Warming iBuumerang distributors up to NFT investment fraud is where MBA Academy comes in.

On the back-end we have
Meta Labs Agency
, a NFT Ponzi factory joint-venture between Buggs, Travis Bott and who knows who else.

Things get murky real fast when it comes to MLM related securities fraud. Add crypto and the atmosphere turns opaquely soup-like.

On the referenced iBuumerang webinar, Holton Buggs claims he started the company because “network marketing was broken (and) needed to be fixed”. He wanted to “pass on something that’ll be worth more in the future”.

Buggs claims since he stopped promoting Organo Gold three years ago, his executive position there dropped 60% in earnings.

That brings us to Meta Labs Agency, which for some reason Buggs refuses to publicly put his name to.

The June 6th iBuumerang webinar is the closest Buggs has gotten to acknowledging his ownership stake;

[52:24] February the 17th I actually launched one of the most successful NFTs in NFT history.

The NFT collection he’s referencing is
Meta Bounty Hunters
. BehindMLM
first tied Buggs to Meta Bounty Hunters
in early February. We
confirmed it later that month
after the NFT Ponzi went public.

Buggs pins the success of Meta Bounty Hunters on its floor price, which he claims has “doubled from where it was before”.

You can refer to our full review linked above, but the gist of Meta Bounty Hunters is they run a passive investmen

🤖 Quick Answer

What is the connection between iBuumerang and MBA Trading Academy?
iBuumerang acquired MBA Trading Academy, founded in 2017 by Jason Grigg and Michael Sloggett. The academy, whose acronym expands to "My Bitcoin Academy," was integrated into iBuumerang's operations through its Ellev8 offering, reportedly after experiencing financial difficulties following a co-founder's departure due to federal money laundering investigations.

Who is Holton Buggs and what are the allegations against him?
Holton Buggs is associated with iBuumerang and faces allegations of involvement in multilevel marketing cryptocurrency securities fraud. According to investigations, he has been connected to directing iBuumerang distributors into what analysts characterize as an NFT-based Ponzi scheme operation.

What happened to Michael Sloggett from MBA Academy?
Michael

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