Manifest’s Simply Success collapses, The Latest Wave reboot

A supposed trading platform collapsed overnight in May 2023, only to resurface under a new name within 24 hours. The shell game tells you everything about how these operations work.

On May 16th, BehindMLM exposed Manifest for running securities fraud through a company called Simply Success. The next day, Simply Success vanished. In its place came The Latest Wave, the same fraud wearing a different mask.

The Latest Wave's website went up on a basic WIX template. A man named Louis Skalski appeared as founder. The domain registered in November 2022, but the Telegram group didn't launch until May 16th—the same day the previous scheme got caught. An Instagram account predated everything, with posts from January 2023. Someone had clearly prepared this backup plan well in advance.

The pitch remained identical: annual returns of 220% to 286% through Manifest's MLM structure. Just different numbers on the marketing materials. The website still ran on the same cheap builder, still hid the same owner.

Jimmy Bennett controlled Manifest, though you wouldn't know it from either website. Simply Success listed its UK company number as 13783790, registered to Simply Success Academy Ltd at 2 Unicorn House, Chichester. The Latest Wave's footer contained the exact same address and the exact same company number. Different brand name. Same shell company. Same operator. The only real difference was retyping the trading returns.

Regulators found nothing legitimate here. Manifest, Simply Success, The Latest Wave—none of them held securities licenses anywhere. Yet they promised investors guaranteed returns that would make professional traders weep.

By February 2025, it was over. Manifest's website stopped working. The FCA issued a formal fraud warning in January 2025, naming Manifest as an unlicensed securities operation. Two years of rebranding, shifting domains, and quick website rebuilds couldn't sustain the scheme.

The mechanics are worth understanding because this pattern repeats constantly. A fraud gets exposed. The operator shuts down the website, reregisters the same company number under a new brand, and relaunches the pitch to a fresh audience. They bank on the fact that most people never see the initial exposure. They count on victims being too embarrassed to report losses. They move fast because they know regulators move slow.

Simply Success and The Latest Wave weren't separate companies fighting for market share. They were sequential iterations of the same fraud. The same promises. The same illegal securities pitch. The same missing licenses. Just different names on domain registrations, designed to stay one step ahead of investigators until they ran out of new recruits to fleece.

The FCA warning came too late for those who'd already sent money. But it confirmed what was obvious from the start: nobody at any of these operations had legitimate trading experience or regulatory approval to handle anyone's funds.

🤖 Quick Answer

What happened to Manifest's Simply Success platform in May 2023?

How did The Latest Wave emerge after Simply Success collapsed?
The Latest Wave materialized within 24 hours of Simply Success's shutdown, utilizing identical fraudulent mechanisms under a different identity. The operation featured a basic Wix template website, with Louis Skalski listed as founder, demonstrating a pre-planned contingency strategy by the organization.

What evidence suggests The Latest Wave was a planned successor to Simply Success?
The domain registration dated November 2022, Instagram activity from January 2023, and Telegram group launch on May 16th—the exposure date—indicate premeditated

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