A New Zealand based Lion’s Share promoter has received a cease and desist notice.

The cease and desist notice was issued to Shelly Cullen by the Commerce Commission on December 21st.

A month to the day, the Commerce Commission
made the notice public
on January 19th.

Cullen (right) caught the attention of New Zealand authorities after boasting of making $154,000 from Lion’s Share late last year.

Lion’s Share
is a smart-contract Ponzi scheme run by serial scammer James Ward.

As reported by the Commerce Commission;

On receiving the Stop Now letter Ms Cullen has confirmed to the Commission that she has stopped promoting Lion’s Share.

Whether the Commission will take any further action against Cullen remains to be seen.

While she might have ceased promoting Lion’s Share, perusal of Cullen’s YouTube channel reveals she also promoted
SuperOne
(another Ponzi),
Crypto World Evolution
(trading bot securities fraud),
RegalCoin
(BitConnect Ponzi clone),
Tresmore
(Saivian Ponzi clone),
iCoinPro
,
DasCoin
(OneCoin Ponzi clone),
Saivian
(Ponzi),
Freedom5
(Ponzi),
Imap Revshare
(Ponzi),
Crowd Rising
(MMM Ponzi gifting clone),
Zewang
(Ponzi) and
FortAdPays
(Ponzi).

Cullen’s Fort Ad Pays video was uploaded five years ago. She’s been scamming people for some time.

As I see it, the Commerce Commission knows Lion’s Share is a scam (“likely a pyramd scheme”), knows how much Cullen has stolen through it and, being a New Zealand resident, Cullen falls within their jurisdiction.

Seems like a slam-dunk case to me.

For now the Commission is stating only that it’s “investigation is ongoing”.

As this is an open investigation the Commission will make no further comment at this time and will not provide interviews.

Pending any further updates, stay tuned…

Update 26th April 2024 – 
Shelly Cullen has been
convicted on Lion’s Share charges
.

🤖 Quick Answer

What is the Lion's Share cease and desist notice issued in New Zealand?
The Commerce Commission issued a cease and desist notice to Shelly Cullen on December 21st regarding her promotion of Lion's Share, a smart-contract Ponzi scheme operated by James Ward. The notice was made public on January 19th after Cullen claimed earnings of $154,000 from the scheme.

Who received the cease and desist notice from New Zealand authorities?
Shelly Cullen, a Lion's Share promoter based in New Zealand, received the cease and desist notice from the Commerce Commission. She had attracted regulatory attention by publicly boasting about earning $154,000 from Lion's Share investments.

What action did Shelly Cullen take following the notice?
Upon receiving the Stop Now letter from the Commerce Commission, Shelly Cullen confirmed to authorities that she had ceased all

🔗 Related Articles

- LifePharm Global Review: Fibroblast Growth Factor capsules
- TelexFree exit strategy thwarted, millions recovered
- Trevon James tells court he can’t pay BitConnect fines
- What is Genesis Acquisitions International?
- The Traders Domain Receiver files clawback lawsuits