The last few months haven’t been good for Kairos Technologies.
Back in September thirty odd leaders of the Ponzi scheme were
arrested
in Belarus.
In November Kairos Technologies had to
suspend affiliate withdrawals
, following the launch of a criminal investigation in Hungary.
Now the cash-strapped scam has announced plans to offer affiliates shares…
For those unfamiliar with the scheme,
Kairos Technologies
solicits investments of up to $2777 on the promise of an annual $6942.50 ROI.
The ROI is paid out of subsequently invested funds, requiring Kairos to source a constant stream of new affiliates to invest.
In an affiliate update dated December 30th, Kairos Technologies announced plans to set up a shell company to launder affiliate funds through.
A new managing company will be introduced together with current shareholders and founders within the next stage, in January 2017.
“Top leaders” of Kairos Technologies will be offered shares in the shell company, with the aim of raising revenue to pay off Kairos Technologies investors.
Whether the shares offered will be real or virtual is unclear.
TOP-Leaders beginning with a Senior Master and higher career levels will be able to become shareholders at the stage of the managing company registration.
All Participants with a Senior Master and higher career levels will have to apply for receiving shares of newly created company.
In related news, Kairos Technologies has resumed processing affiliate withdrawals. The company appears to have found a new processor, with a payment card planned for release in 2017.
With regulators in Europe closing in, whether Kairos’ plans to fend off a collapse pay off remains to be seen.
🤖 Quick Answer
What is Kairos Technologies?Kairos Technologies is a Ponzi scheme that solicits investments up to $2,777, promising annual returns of $6,942.50. The scheme relies on funds from new investors to pay returns to existing affiliates, requiring continuous recruitment to remain operational.
When were Kairos Technologies leaders arrested?
In September, approximately thirty leaders of the Kairos Technologies Ponzi scheme were arrested in Belarus. This marked a significant enforcement action against the operation's management structure.
Why did Kairos Technologies suspend withdrawals?
Kairos Technologies suspended affiliate withdrawals in November following the launch of a criminal investigation in Hungary. The suspension reflected operational difficulties stemming from regulatory and legal pressures against the scheme.
What shell company plan did Kairos Technologies announce?
In a December 30th affiliate update, Kairos Technologies announced plans to establish a shell company designed to
🔗 Related Articles
- DagCoin scammers Nils Grossberg & Kristjan Ress arrested
- GetEasy ringleader arrested in Madeira, Portugal
- OneCoin scammer indicted on $400 million money laundering charge
- PGI Global reboots Ponzi, Helen L Graham promoted to CEO
- AladdinBOT Review: AI trading bot ruse Ponzi scheme