Craig Shawn Williamson's ResClub investment scheme is gone, but he's already got two new operations running.

ResClub promised investors returns up to 18% annually on minimum $5,000 investments. Williamson claimed the money would flow from real-estate deals. It never did. The company never filed audited financial reports. When BehindMLM reviewed the operation in September 2022, the conclusion was clear: securities fraud.

Now ResClub's main website is dead. Its other domain redirects to something called 8ghtX, Williamson's next venture. A "phase out notice" posted May 4th says ResClub will keep paying returns through the end of investors' terms. Don't hold your breath.

8ghtX launched in July 2023 with big promises and broken links. The website markets itself as a banking platform and investment syndication hub. The Google Play app description is boilerplate startup gibberish: "You can make deposits, withdrawals, investments, collect dividends, transfer funds and exchange crypto 24/7, 365 days a year!"

The app screenshots tell the real story. This is ResClub 2.0. Same securities fraud scheme, same playbook, same guy running it. The "invest" section that caught investigators' attention shows investors putting money in and expecting returns generated from nowhere. The broken links scattered across 8ghtX's site—the non-functional "earn," "learn," and "invest" pages—suggest a hastily constructed front for the same operation.

Williamson's second new project is GoBingo For Hunger, which mixes online bingo with multilevel marketing wrapped in charity clothing.

Here's how it works: You donate $30 or more to the company. You recruit two affiliates who do the same. You keep recruiting. Money flows upward through the pyramid. GoBingo calls it a compensation structure, but it's a textbook MLM. Affiliates get 20% of first donations from their recruits. Higher-level recruits toss them crumbs—50% of 20%, split between the recruiter and whoever brought them in. The rest gets distributed through a binary system.

The bingo game itself appears to be window dressing, completely separate from the money scheme.

The connections between these operations are hard to ignore. When investigators clicked through to GoBingo For Hunger from ResClub's official Facebook page, the system automatically placed them in the downline of Peter Jensen. Jensen was ResClub's VP of Global Sales.

With no actual products or services being marketed to regular customers, just money moving between affiliates, GoBingo For Hunger walks like a duck.

Williamson hasn't been charged with anything related to ResClub's collapse. But he's already operating the same model under new names with familiar faces running pieces of it. The websites are different. The domain names are different. The pitch is slightly different. The fraud appears to be the same.

🤖 Quick Answer

What is ResClub and why did it collapse?
ResClub was an investment scheme founded by Craig Shawn Williamson that promised investors returns up to 18% annually on minimum $5,000 investments, purportedly generated through real-estate deals. The company never filed audited financial reports and was identified as securities fraud by BehindMLM in September 2022. Its main website subsequently went offline.

Who is Craig Shawn Williamson?
Craig Shawn Williamson is the founder of ResClub, an investment scheme classified as securities fraud. Following ResClub's collapse, Williamson launched two subsequent ventures: 8ghtX, described as a banking platform, and GoBingo For Hunger. He has been associated with multiple unregistered investment operations.

What is 8ghtX and how is it connected to ResClub?
8ght

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