The Turbo “forex bot” investment scheme has collapsed.

Following months of non-payment, Turbo has announced a $10,000 “private club” reboot.

Turbo’s reboot
sees it pull a KYC exit-scam on existing investors.

Send KYC documents (if you are inviting, you will be the first person responsible for checking that the person can confirm legal tickets).

After that, a $200 annual fee is payable, plus a minimum $10,000 investment.

Who exactly Turbo’s reboot is aimed at is unclear. Certainly nobody who lost money in the original scam (the majority of investors), is going to add another $10,200 to their losses.

And despite Turbo’s original bot blowing up (read: owner David Merino stole everyone’s money), Turbo is again going with a trading bot ruse.

In researching for this article I went looking for an update on what Merino is up to. Turns out he’s busy gaslighting his victims on FaceBook:

No idea if those photos are old, unrelated, selective payments or what the story is – but Turbo disabled investor withdrawals back in February.

The last post on Turbo’s official Instagram page is dated February 28th, 2023.

Naturally there’s no mention of Turbo’s KYC exit-scam or new $10,000 “private club” reboot on Merino’s socials.

As of May 2023, SimilarWeb tracked just ~3400 visits to Turbo’s website. Considering Turbo
pitched a 10% to 17% monthly ROI
, one can only wonder why traffic tanked.

🤖 Quick Answer

What is the Turbo investment scheme and why did it collapse?
Turbo was a "forex bot" investment scheme that collapsed following extended non-payment periods. The scheme allegedly involved owner David Merino misappropriating investor funds, resulting in significant financial losses for participants in the original investment program.

What is Turbo's "private club" reboot and what are its requirements?
Turbo announced a reboot structured as a "$10,000 private club" requiring new members to submit KYC (Know Your Customer) documentation, pay an annual $200 fee, and maintain a minimum $10,000 investment commitment to participate in the reconstituted program.

Who are the intended targets of Turbo's reboot initiative?
The reboot's intended audience remains unclear. Most previous investors who suffered losses are unlikely to reinvest additional capital. The program continues utilizing a trading bot model despite

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