TrageTech has received a securities fraud warning from the Texas State Securities Board (TSSB).

TSSB’s October 10th enforcement order also cites promoter Eric Ture Muhammad, cited as a GSPartners and Billionico promoter.

Named respondents in
TSSB’s October 10th fraud enforcement order
are:

Trage Technologies Limited, a Marshall Islands shell company

Graeme Gary Hearn, registered agent of Trage Technologies Limited

Michael “Mike” Holloway, registered agent of Trage Technologies Limited

Kingdom Wealth Group LLC aka Kingdom Wealth Creators LLC

Darrell Porter (right), a Texas resident and founder and CEO of Kingdom Wealth Group

Eric Ture Muhammad, a Georgia resident

As put forth as “findings of fact” by the TSSB;

Darrell Porter is a Minister from Killeen, Texas, and the founder of Kingdom Wealth Group LLC. Eric Ture Muhammad is a self-described Wealth Minister from Fairburn, Georgia. Porter, Kingdom Wealth and Muhammad have been leveraging affinity and faith-based relations when promoting numerous multilevel marketing schemes.

Porter, Kingdom Wealth, Muhammad and various other multilevel marketers are now promoting Trage Technologies Limited in or from Texas.

The firm began operating in early 2024 and is now offering investments in an automated cryptocurrency arbitrage trading program that purportedly pays generous commissions and allows clients to double their money every three months.

TrageTech
is a Boris CEO trading bot Ponzi, fronted by fictional CEO Michael Hearn (played by UK national Daniel Poole).

As of September 2024, SimilarWeb tracked 1.1 million monthly visits to TrageTech’s website. 63% of TrageTech’s website traffic originates from the US, followed by 22% from Canada.

As of October 2024, TSSB has tracked over $6.4 million invested into TrageTech being stashed in a single crypto wallet.

In connection with the offer of the Crypto Arbitrage Investments, Respondents Trage Technologies, Holloway and Hearn are intentionally failing to disclose that Respondent Trage Technologies is not using assets deposited by clients to conduct arbitrage trading consistent with representations to investors, and this information constitutes a material fact.

One of TrageTech’s marketing points is that it is registered with the SEC.

As noted by TSSB, this is a misrepresentation of a sole filed Form D exemption.

Trage Technologies Limited and its principals, Graeme Gary Hearn and Michael “Mike” Holloway, are touting the legitimacy of Trage Technologies Limited by claiming it is registered with the United States Securities and Exchange Commission.

In truth and in fact, Trage Technologies Limited is not registered with the United States Securities and Exchange Commission.

Instead, on February 22, 2024, Respondents Trage Technologies and Hearn filed a Form D for Respondent Trage Technologies with the SEC.

On June 4, 2024, Respondents Trage Technologies amended the Form D.

The Forms D claim safe harbor for securities issued by Respondent Tr

🤖 Quick Answer

What securities fraud warning did TrageTech receive from Texas authorities?
TrageTech received a securities fraud enforcement order from the Texas State Securities Board (TSSB) on October 10th. The order named TrageTech Technologies Limited, a Marshall Islands shell company, along with multiple individuals including Graeme Gary Hearn, Michael Holloway, Darrell Porter, and Eric Ture Muhammad, citing their involvement in fraudulent securities promotion activities.

Who is Eric Ture Muhammad in relation to the TrageTech fraud case?
Eric Ture Muhammad, a Georgia resident, was cited in the TSSB's October 10th enforcement order as a promoter associated with both GSPartners and Billionico. He was named as a respondent in the securities fraud case involving TrageTech Technologies Limited and Kingdom Wealth Group LLC.

**What is Darrell Porter's role

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