Sheila Tabarsi, the founder of SVM Global Initiative, has confirmed concerns that her business model operates as a Ponzi scheme. This admission came during a recent emergency conference call following a critical review published by Daily Exposed on April 13th.
The Daily Exposed review detailed how SVM Global Initiative involves affiliates paying weekly subscription fees and recruiting others to do the same. With no products or services marketed to external customers, the publication identified the scheme as a Ponzi, where returns are paid using funds from new investors.
During a two-hour call, Tabarsi initially dismissed the review, alleging it was part of an Illuminati conspiracy against her and her company. She referred to her early adopters as "the secret society." In a subsequent call, Tabarsi claimed she discerned the review's accuracy by telepathically reading the minds of its authors. She also stated she receives direct instructions from God regarding her business.
Despite the supernatural claims, Tabarsi’s later call acknowledged significant regulatory issues with the current SVM Global Initiative model. She described the review as a "hideous attack" but admitted that after "friends" raised the same points, she realized she was "missing something." Tabarsi conceded that money from new participants was being used to pay existing ones, with no actual work or substance being generated from the subscriptions. This led to her realization that the scheme, in its present form, was indeed a Ponzi.
Tabarsi indicated that SVM Global Initiative would not launch until it received approval from U.S. regulators, specifically mentioning state Attorneys General and the Federal Trade Commission (FTC). However, no U.S. regulatory body approves business models in this manner. Without such official sanction, there is currently no impediment to Tabarsi launching SVM Global Initiative. The business could face shutdown for operating as a Ponzi scheme if launched in its current state. Tabarsi also claimed she could not present the current plans to U.S. senators without revisions. She also referenced former U.S. Secretary of State John Kerry as a "card" she intends to play.
The closest Tabarsi came to acknowledging the Ponzi scheme allegations prior to her recent calls was a statement that the federal government had grounds to deem the venture not viable.