Anton “Toni” Federspiel, a known promoter and high earner from the collapsed OneCoin Ponzi scheme, is actively marketing IDAA Games. This multi-level marketing operation centers on investments in Alpha GamesCoin, a digital token. IDAA Games operates under the banner of the Independent Digital Assets Alliance and is connected to a separate MLM income opportunity called GrowthPool.
IDAA Games lacks transparency regarding its ownership and executive leadership. Its website domain, “idaa.games,” was registered in April 2020 and last updated privately in April 2023. GrowthPool, similarly, conceals its operators, with its domain “growthpool.org” registered in December 2021 and last updated privately in November 2023. Such secrecy is a hallmark of fraudulent operations.
A marketing presentation from October 2023 identified Alex Suarez as founder and President of GamesCoin Group, which appears to oversee IDAA Games. Suarez’s verifiable history in the MLM industry is not apparent. The company claims ties to the UAE through Independent Digital Assets Alliance LLC, purportedly registered in Sharjah. However, actual operations seem to originate from Germany, where it is registered as Youre Family GmbH. Traffic data indicates significant marketing presence in Austria, Germany, and Italy.
GrowthPool’s public interface is a simple affiliate login form, offering no operational details. This lack of disclosure about who runs an MLM is a significant warning sign. IDAA Games offers no retailable products or services. Participants can only market affiliate memberships.
The compensation structure involves investing in Alpha GamesCoin (AGC). Investment tiers range from €199 for 8 AGC to €999 for 46 AGC and an NFT. The scheme does not disclose how AGC gains value or provides returns.
The scheme is tied to Youre Family GmbH, a German company. This entity's unassuming name likely serves to evade scrutiny from financial institutions and regulatory bodies. The primary markets for IDAA Games appear to be German-speaking countries, with Austria, Germany, Italy, and Switzerland showing the highest website traffic.
Victims of investment fraud can report incidents to the U.S. Securities and Exchange Commission (SEC) or their local financial regulatory authority.