Ormeus Global emerged as a faceless company in mid 2017.

In our published
Ormeus Global review
, our research revealed the company was John Barksdale jumping on the MLM cryptocurrency bandwagon.

Ormeus Global had no retailable products or services. Its affiliates invested funds into B2X89, a “bot trader” that Ormeus Global marketed a 160% ROI through.

Rather than operate legally, Barksdale chose to market Ormeus Global in countries with less than diligent regulation.

Globally Ormeus Global never registered its passive ROI trading bot opportunity with securities regulators.

At best Ormeus Global was an illegal unregistered securities offering.

At worst Ormeus Global was an illegal Ponzi scheme that, either in full or in part, recycled invested funds to meet advertised 160% ROI liabilities.

As is typical of MLM cryptocurrency companies, Ormeus Global launched its own exit-scam ICO.

Ormeus Coin (ORME) initially launched as Ponzi points.

Ormeus Global affiliates invested ORME, at whatever internal rate the company had set at the time.

ROI withdrawal requests were submitted through Ormeus Global’s internal exchange, which the company honored with subsequently invested funds.

I believe ORME was also tied to the trading bot, allowing Ormeus Global to pay imaginary returns with ORME they generated at little to no cost.

Ormeus Global affiliates meanwhile were running around touting
annual returns of 4300% through ORME investment
.

The last phase of Ormeus Global’s exit-scam in late September 2017.

On or around September 30th, Ormeus Coin debuted on public exchanges.

After a brief pump to $5.19 in November 2017, ORME began to dump as desperate Ormeus Global affiliates tried to recoup their losses.

As ORME’s public value approached a dollar, Barksdale washed himself of Ormeus Global and launched
IQ Chain
.

IQ Chain continued the B2X89 trading bot facade and introduced Ormeus Cash and ORV.

Ormeus Cash and ORV were a return to Ponzi points, which Barksdale retained full control over and set internal values for.

Ormeus Cash was paid out when Ormeus Global affiliates parked their ORME with the company.

ORV was distributed through “coin distribution contracts” soliciting investment amounts of up to $250,000.

The intended effect of IQ Chain was to halt the selling off of ORME.

It flopped and after a minor spike in interest, IQ Chain followed Ormeus Global and went into decline.

By this stage ORME’s public value had collapsed to mere cents. Currently ORME is publicly valued at 6.8 cents.

The status and internal value of Ormeus Cash and ORV points are unknown.

Corresponding with a second spike in traffic to the IQ Chain website, in October it emerged Barksdale had enlisted the services of Organo Gold’s Holton Buggs.

Naturally this raised questions as to whether Organo Gold had teamed up with Barksdale to get into cryptocurrency.

Organo Gold were
quick to respond
, with a representative from the company stating ‘
un-equivocally, OG wan

🤖 Quick Answer

What was Ormeus Global and when did it emerge?
Ormeus Global was a cryptocurrency investment company that emerged in mid-2017, founded by John Barksdale. Operating as a largely anonymous entity, the company promoted itself as a multi-level marketing opportunity centered around cryptocurrency trading and investment opportunities.

What products did Ormeus Global offer to its affiliates?
Ormeus Global offered no tangible retailable products or services. Instead, affiliates invested capital into B2X89, an automated trading bot that the company marketed as capable of generating 160% returns on investment through passive cryptocurrency trading mechanisms.

How did Ormeus Global operate internationally?
Rather than complying with standard regulatory frameworks, Ormeus Global strategically marketed its investment opportunity in countries with less stringent financial regulation. The company never registered its passive ROI trading bot with securities regulators in any jurisdiction globally.

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