Holton Buggs appears to have sold what’s left of iBuumerang to Risen Live.

While Buggs began appearing in Risen Live marketing material in early October…

…Buggs waited till October 20th to break the news on an
iBuumerang marketing webinar
.

[33:54] What we decided to do, is iBuumerang now is deciding to partner and merge, as one total family, with a brand new beginning of Risen Live.

If you haven’t heard of Risen Live you’re not alone. I don’t mean that as a slight, I’d genuinely never heard of the company until researching for this article.

Risen Live is headed up by CEO Hatem Sherien (right), an Egyptian national based out of Dubai.

Sherien was appointed Vice President of Dubli in December 2018.

Dubli
, aka Ominto, was an ecommerce MLM pyramid scheme that
collapsed
in 2022.

After Dubli Sherien signed up to promote the
Riseoo
ecommerce MLM pyramid scheme.

Risoo’s website is still online but, based on its social media profiles being abandoned, appears to have collapsed towards the end of 2023.

This brings us to Risen Live’s launch in early to mid 2024:

Risen Live markets clothes, personal care products and Elevate branded supplements.

Risen Live’s MLM opportunity primarily targets Egypt but, by all accounts, appears to have flopped.

SimilarWeb tracked just 403 monthly visits to Risen Live’s website for October 2025, all of which originated from Egypt.

This tracks with iBuumerang being dead, such to the extent Buggs selling it off is being referred to as a “resurrection”:

iBuumerang
launched in 2019 as a discounted travel MLM company. A forex trading scheme named Ellev8 was later added, prompting a
fraud warning from New Zealand’s Financial Markets Authority
.

If I had to mark iBuumerang’s decline, it’d be circa 2022 with
Buggs’ launch of Meta Bounty Hunters
.

Although he’d been
trying to get into crypto fraud since 2018
, Meta Bounty Hunters marked Buggs’ full-blown transition to MLM crypto Ponzi fraudster.

Buggs’ shift in focus saw him
pillage iBuumerang to feed his Ponzi addiction
. As Meta Bounty Hunters was collapsing, Buggs
launched a Meta Bounty Huntresses sequel
in late 2022.

Both of Buggs’ Meta Bounty Ponzi schemes
collapsed
in February 2023.

In addition to his own MLM crypto Ponzi schemes, Buggs emerged as a
top promoter of The Traders Domain Ponzi scheme
in early 2023.

Buggs is believed to have been feeding Meta Bounty Hunter and Meta Bounty Huntress investor funds into The Traders Domain.

A database leak in June 2023 revealed Buggs had
purportedly stole over $125 million through The Traders Domain
.

The same leaked database pegged The Traders Domain Ponzi losses at $3.3 billion. Meta Bounty Hunters and Meta Bounty Huntresses losses are unknown. Ditto how much iBuumerang promoters Buggs lured into the Ponzi schemes lost.

Buggs was named as a defendant in an October 2024
CFTC lawsuit targeting The Traders Domain scammers
.

The CFTC revealed Buggs personally recruited “at least 517” investors, wh

🤖 Quick Answer

What happened to iBuumerang and who acquired it?
In October 2024, iBuumerang founder Holton Buggs announced that iBuumerang would merge with Risen Live, a Dubai-based company led by CEO Hatem Sherien, an Egyptian national. Sherien previously served as Vice President of Dubli (also known as Ominto), an ecommerce MLM company that collapsed in 2022.

Who is Hatem Sherien, the CEO of Risen Live?
Hatem Sherien is an Egyptian national based in Dubai who leads Risen Live. He was appointed Vice President of Dubli in December 2018. Dubli, later rebranded as Ominto, operated as an ecommerce multilevel marketing company before its collapse in 2022, prior to Sherien's involvement with Risen Live.

**

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(aggiornato al 17/04/2026)

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