A cryptocurrency mining scheme with ties to a notorious Ponzi scheme is back in business—and investigators have found virtually no legitimate operation behind it.

Neo Mining & Technologies operates almost entirely in the shadows. The company's website contains nothing but an affiliate login page. There's no public information about management, no office address, no customer service contact. Just a portal where members log in to check their accounts.

Jesus Osuna, listed as the company's owner and CEO, registered the domain neominetech.com on September 23rd, 2017. Osuna's name appears in company marketing videos and corporate filings tied to a California address. He began promoting the operation in mid-2017, the same period he first started discussing cryptocurrency publicly on social media.

The timing is worth examining. In 2015, Osuna co-founded Uvodi, a fitness-based income opportunity structured as a multi-level marketing scheme. Uvodi's website still operates, though the income opportunity portion appears defunct.

But there's a darker chapter. In 2014, a Jesus Osuna from California earned a distinction most would want to forget: he was named a top earner in TelexFree, a scheme that federal prosecutors called a Ponzi operation. TelexFree victims lost millions. Osuna reportedly pocketed $1.4 million from the collapse. There's no public record of restitution.

It's unclear whether this is the same Osuna now running Neo Mining & Technologies. The name is common enough that definitive confirmation proves difficult. But the pattern—fitness MLM in 2015, cryptocurrency venture in 2017—aligns with his known activities.

Neo Mining & Technologies takes in money. It puts nothing legitimate out.

Members buy ethereum mining contracts starting at $350 and scaling up to $3,500. The pitch promises passive income over two years. No actual products exist. No services. Members recruit other members, who recruit others, in the classic pyramid structure.

The compensation plan reveals how the money flows. Five affiliate ranks exist, each requiring recruitment of downline members. Members advance by signing up recruits. A binary commission system—splitting the organization into left and right sides—purports to pay residual income as the structure grows.

This is the mathematics of collapse. In any recruitment-based system, growth becomes exponential. Eventually, there aren't enough people left to recruit. The structure caves. Those at the bottom lose their investment. Those at the top disappear.

Neo Mining & Technologies operates with opacity typical of fraud. No legitimate mining operation hides behind a blank website and an anonymous affiliate portal. No honest business relies entirely on recruitment for revenue while offering no tangible product.

The regulatory record suggests concern is warranted. The connection to TelexFree—a scheme that crushed thousands of victims—raises red flags that demand investigation.

🤖 Quick Answer

What is Neo Mining & Technologies?
Neo Mining & Technologies is a cryptocurrency mining operation that emerged in 2017, registered by Jesus Osuna. The company operates with minimal transparency, offering only an affiliate login portal on its website without disclosing management details, office locations, or customer service information. It has been associated with characteristics typical of Ponzi schemes.

Why does Neo Mining & Technologies raise concerns among investigators?
Investigators have identified virtually no legitimate mining operations behind Neo Mining & Technologies despite its claims. The company maintains extreme secrecy regarding its infrastructure, management structure, and operational details. These factors, combined with its connection to notorious Ponzi schemes, suggest potential fraudulent activity targeting cryptocurrency investors seeking mining returns.

Who founded Neo Mining & Technologies?
Jesus Osuna registered the domain neominetech.com on September 23rd, 2017, and is listed as the company's owner and CEO.

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