A Ponzi scheme wrapped in cartoon NFTs has pulled in $12.2 million in just weeks, run by two men with lengthy histories of financial fraud.

Meta Bounty Hunters is the latest creation of Holton Buggs and Travis Bott. The scheme combines classic Ponzi and pyramid fraud tactics, packaging them as investments in knockoff Star Wars-themed NFTs featuring cartoon rocketmen. So far, the pair have sold roughly 6,100 NFTs at $2,000 each—and they pocket a cut of every resale.

Buggs didn't arrive at this venture by accident. He spent years trying to push Organo Gold distributors into Ormeus Global, another Ponzi scheme, back in 2018. When that failed, he launched iBuumerang in 2019. By late 2021, as the site's web traffic collapsed, Buggs pivoted to what he's doing now.

The connection between Meta Bounty Hunters and iBuumerang isn't accidental. Avinash Nagamah, iBuumerang's "Travel Savings Ambassador for Europe," actively promoted the new scheme. A launch event photo confirms both Nagamah and Buggs were present. Also in the picture: Mike Sims, the OmegaPro operator whose UK shell company—OMP Money—UK authorities shut down as part of a broader crackdown on international fraud networks.

A significant portion of Meta Bounty Hunters' promoters are former iBuumerang distributors. The operators maintain the fiction that Meta Bounty Hunters is unrelated by scrubbing any mention from iBuumerang's social media accounts.

Bott brings his own rap sheet to the partnership. He's a serial securities fraud offender who's been tied to multiple schemes over the years. He first surfaced in mid-2017 connected to Divvee's illegal securities offering through Ryze AI. Later that year, he created Westmyn, a shell company used to commit fraud through Investview's Wealth Generators platform. The CFTC fined Investview $150,000 in 2018.

Bott then went solo with Onyx Lifestyle in 2019. By 2021, what remained got rolled into Digital Profit, which imploded with a "bad trades" exit scam in August. Hundreds of thousands of investor dollars vanished.

Now he's doing it again with Buggs. The NFT floor price currently sits at 0.74 ETH (roughly $2,800), though only 1-2 are selling per day. That gap between asking price and actual sales suggests the market is already losing interest. Wash trading likely inflates those figures anyway.

For Buggs and Bott, it's another round in a pattern: launch a scheme, generate quick cash, shut down, rebrand, repeat. The only thing that changes is the gimmick—this time it's NFTs and cartoon characters instead of travel savings or lifestyle clubs. The fraud underneath stays exactly the same.

🤖 Quick Answer

What is Meta Bounty Hunters and who operates it?
Meta Bounty Hunters is a Ponzi scheme operated by Holton Buggs and Travis Bott, disguised as NFT investments featuring Star Wars-themed cartoon characters. The scheme has generated $12.2 million by selling approximately 6,100 NFTs at $2,000 each, with operators profiting from resale commissions using classic pyramid fraud tactics.

What is Holton Buggs' history of financial fraud?
Holton Buggs has a documented pattern of fraudulent schemes spanning several years. In 2018, he attempted recruiting Organo Gold distributors into Ormeus Global, a Ponzi scheme. After its collapse, he launched iBuumerang in 2019, which similarly failed when web traffic declined before pivoting to Meta Bounty Hunters.

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