After “launching his own project” and “lying to people for 6 weeks”, as his investors put it, Terrence Pounds now claims he doesn’t own Keep It 100.
Pounds’ announcement comes less than 48 hours after BehindMLM reported on
Pounds pleading guilty to thirteen counts of COVID-19 loan fraud
.
Pounds revealed Keep It 100 on his “Money, Ministry and Motivation Passive Income” YouTube channel on June 9th, 2023.
[6:04] Before we get into my brand-new project, that I’m so excited to be able to share with you today, there were some glitches in the system today, for those of you that got involved … and the glitches may still be there.
So ultimately, um, if the glitches are still there I don’t want you to put any money into it just yet. But my developers are working on that project.
[6:31] K-100 is my second project, right? My second project in the space, not my first project right?
[9:00] I’m gonna “keep it 100” with you, alright? Now I’m gonna give you a guarantee. Not a guarantee that I’mma get you “x” amount of dollars, I’m gonna give you a guarantee that I won’t steal your money. Period.
I am not gonna run off with your money. I don’t care how much money you deposit in your platform, it’s not gonna make me want to steal your money.
I don’t have a goal, “Oh, once “x” amount of dollars gets here I’m leaving. No, I am trying to put something together for the community, that will not rug.
[10:28] Now just because it’s me behind the project, I know people feel better but no, do not bring your life savings because it’s Terrence Pounds.
[12:02] Now folks I’ll be honest with you. I’ve had this platform ready to go for almost a couple of months now already. I could have launched this 60 days ago.
Now the reason that I did not, the reason that I did not launch it, was because you know, guys I was the number one guy in C12.
“C12” refers to
Carnelian12
, a suspected Russian Ponzi scheme that
collapsed
a few weeks before Pounds launched Keep It 100.
At this point we’re twelve minutes into Pounds’ Keep It 100 launch webinar. I think it’s pretty obvious he owns and is running the scheme.
Fast forward to July 24th, and Pounds isn’t so upfront about owning Keep It 100;
[7:04] I personally am not the owner of K-100. Yes, paid CEO, paid trader but not the owner.
Naturally, Pounds doesn’t disclose who is allegedly paying him.
[8:23] I am making the decision today … for me to back away as the CEO and trader of the company.
The reason I have to back away is obviously I have these legal allegations going.
I’m assuming Pounds is referencing his pending sentencing here, but it’s odd to reference them as allegations.
Pounds pled guilty to his charges, meaning he accepted the allegations as fact. All that’s left to be determined is how heavy a sentence he gets.
To support the claim he’s not running Keep It 100, Pounds trots out a UK incorporation certificate;
[8:58] Now folks, just to prove to you that I am not the owner of the company, I am gonna show
🤖 Quick Answer
What is Keep It 100 and who is associated with it?Keep It 100 is a project revealed by Terrence Pounds on his YouTube channel "Money, Ministry and Motivation Passive Income" in June 2023. Pounds initially presented it as his brand-new venture but subsequently claimed he does not own the project, contradicting his earlier promotional statements to investors.
When did Terrence Pounds announce Keep It 100?
Terrence Pounds announced Keep It 100 on June 9th, 2023, through his YouTube channel dedicated to passive income opportunities, despite mentioning technical issues that required developer attention before investment participation.
What legal issues surround Terrence Pounds?
Terrence Pounds pleaded guilty to thirteen counts of COVID-19 loan fraud. His Keep It 100 announcement occurred less than 48 hours after this legal development was publicly reported by
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