Multi-Buy World's bank accounts just got shut down, and the money is stuck.

The operation launched in early 2017 and is now hitting the two-year mark when most online Ponzi schemes collapse. Traffic to the Multi-Buy World website tanked last November, according to Alexa data. These days, the scheme barely survives on activity from the UK and Denmark, which together account for 81% of all traffic hitting the site.

On July 17th, Multi-Buy World posted a statement blaming everyone but themselves. The company claimed their bank accounts were terminated due to "reasons outside of our control" and that members had written letters to their bank questioning the company's credibility. The bank froze the accounts while investigations proceed, Multi-Buy World said. In their telling, disgruntled affiliates tanked things for the happy majority.

That story doesn't hold water. Banks don't freeze accounts because they get letters from random people. What actually happens: banks detect suspicious activity, investigate it, confirm what they found, terminate the account, and file Suspicious Activity Reports with authorities. Multi-Buy World just doesn't want to admit this to their investors.

The company's own statement reveals the real problem though. "We wanted to let every member know that these investigations will be completed with a positive result for MBW and our accounts will at that point be released for the commencement of payments," they wrote. Translation: their money is frozen because investigators are looking at them, and they can't pay new recruits with fresh investor cash anymore.

BehindMLM reviewed Multi-Buy World in March 2017 and identified it immediately as a textbook adcredit Ponzi scheme. The business model was rotten from the start.

Now comes the pivot. Multi-Buy World announced plans to launch a cryptocurrency called MB8 Coin. They're pre-generating 100 million coins and selling them to affiliates at a rate of 4 coins for 1 EUR. The play is obvious: dump the Ponzi's ROI promises onto a cryptocurrency nobody wants, let owner Giancarlo Santigli walk away clean, and leave the affiliates holding digital trash.

Multi-Buy World's affiliates thought they'd found an easy money machine. Instead they're watching their investment disappear while the people running the scheme scramble for an exit.

🤖 Quick Answer

What happened to Multi-Buy World's banking operations?
Multi-Buy World's bank accounts were terminated in July, with withdrawals suspended. The company attributed the closure to external factors, claiming members had written to their bank questioning credibility. Banking authorities froze accounts pending investigations into the scheme's legitimacy and operations.

Why is Multi-Buy World considered a Ponzi scheme?
Multi-Buy World exhibits characteristic Ponzi indicators: launched in early 2017, reached the two-year collapse mark typical for such schemes, experienced significant traffic decline, and relied on member recruitment rather than legitimate product sales or services for sustainability.

Which geographic markets sustain Multi-Buy World currently?
Following the November traffic collapse, Multi-Buy World's remaining activity concentrates predominantly in the United Kingdom and Denmark, which together represent 81% of current website traffic, indicating geographic market contraction and declining international investor participation.

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