Bob Wood's latest scheme is already showing the same red flags that sank his last one.

After his Global Currency Reserve Marketing collapsed in January 2016 under an SEC investigation, Wood didn't waste time. He immediately launched Nexxus University, partnering with unnamed associates and registering the operation in Belize to deliberately operate outside US jurisdiction.

The pitch was simple: invest through Nexxus University in Nexxus Coin. In June 2016, Wood claimed the cryptocurrency's software was 90 percent complete. That was over a year ago. No publicly-traded coin exists. What investors actually get is what Nexxus calls an "internal token"—essentially points with whatever value the company decides to assign them. Outside the Nexxus ecosystem, they're worthless.

Traffic data to Nexxus's various websites tells the story. The operation flopped. Nobody knows what Nexxus Coin is worth now because it never became tradeable.

Yet Wood isn't done. Recent chatter suggests he's preparing a push into Norway, this time with some questionable characters backing him.

Helge Normann, operating through a firm called Global City Portals, has positioned himself as a key player in resurrecting Nexxus in Scandinavia. Normann apparently still believes Wood will deliver.

On June 17th, Normann posted to Facebook that Wood had successfully negotiated to buy a building for Nexxus's new headquarters. Normann claimed the company took over a 2,000 square meter space in August and would immediately begin operations. He added that the building would house a special area for assembling cryptocurrency ATMs, with plans to distribute them first in the US, then across Scandinavia.

Normann also promised Nexxus Coin would become publicly tradeable "within a few days." That claim went nowhere.

A week later, on June 24th, Normann posted photos with Bjørn Bjercke at the opening of Norway's first Bitcoin ATM. According to Normann's post, he'd had a Skype conference with Nexxus management where they decided Bjercke would speak at a planned fall 2017 cryptocurrency event tied to the launch of Nexxus in Scandinavia.

That's where things get darker. Bjercke had previously promoted OneCoin, which regulators shut down as an outright Ponzi scheme.

The pattern here is unmistakable: a collapsed scheme, a quick rebrand, offshore registration, false promises about public trading, and partnerships with individuals tied to other cryptocurrency frauds. Wood appears to be running the same playbook that tanked GCR Marketing, just with new geography and fresh faces behind the curtain.

🤖 Quick Answer

Is Nexxus University a legitimate cryptocurrency investment?
Nexxus University, founded by Bob Wood following the collapse of Global Currency Reserve Marketing, operates from Belize outside US jurisdiction. The promised Nexxus Coin remains incomplete since 2016. Investors receive "internal tokens" lacking external market value, functioning only within the Nexxus ecosystem as company-assigned points.

What regulatory concerns surround Nexxus University?
The operation deliberately registered in Belize to avoid US oversight. Bob Wood's previous venture collapsed under SEC investigation in 2016. Nexxus University's structure—offering worthless internal tokens instead of actual cryptocurrency—mirrors the regulatory red flags that characterized his earlier failed scheme.

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