Wazzub still around, now a crypto Ponzi shitcoin scheme

Remember Wazzub?

BehindMLM initially
reviewed Wazzub
in 2011. Back then the company was a cliched “we’re gonna be the next Google and pay you!” type affair, which was a common enough ruse at the time.

Of course the
business model flopped
, leading to a transition to a
failed mobile app
and fraudulent
virtual shares investment scheme
.

By 2016 Wazzub had rebranded itself as “Perfect Internet”. This was originally a name for the failed search platform, eventually it became its own brand.

In early 2016 Wazzub, through Perfect Internet, launched
Cashback Marketing
. Charging $30 a pop for “marketing units”, Cashback Marketing was a simple enough Ponzi scheme.

Today Perfect Internet and Cashback Marketing have long since been abandoned.

One would figure Wazzub too has run its course but that might not be the case.

Like every other scammer out there, whoever is behind Wazzub jumped on the crypto fraud bandwagon.

Around 2019 I believe, what was left of Wazzub was funneled into the Unicorn Network.

The Unicorn Network has its own cryptocurrency, Rainbow Currency (YEM).

YEM started off as an ERC-20 shitcoin but has since been moved to TwnklChain, which at some point was renamed YEMChain.

Supposedly this is all part of SafeZone which, as far as I can tell, is a shell company tying all of this together.

Anyhow like everything else Wazzub related, nothing much happened between 2019 and now. YEM isn’t publicly tradeable and the Unicorn Network has no footprint outside of desperate Wazzub bagholders.

Fast forward to 2021 and you have Twnkl Estate and Anthony Norman moving in on a honeypot of gullible investors.

Yes
that
Anthony Norman (right), of
Viral Angels
,
Angel Business Club
and
Wellmont Capital
notoriety.

This time around Norman is playing CEO of Dragon Global Finance, a fintech themed UK shell company put together sometime in late 2020.

Dragon Global Finance is “owned and maintained” by Dragon Global Solutions, another UK shell company.

Dragon Global Solutions is registered with the FCA, through East Assets PLC.

Among other things, East Assets PLC provide a “umbrella services for startups”.

If you’re wondering why Norman has set up his new shell companies in the UK, it’s because
regulation there is practically non-existent
.

A transcript of a January 8th Unicorn Network webinar reveals Norman hoping to integrate his new stable of shell companies within Wazzub.

YEM has a global reach; we obviously are looking to approach members from most of the world, and we think that YEM is something that is going to drive both liquidity and substance behind YEM as well, as we bring our market making and equity services to the partnership.

In addition to his Dragon Global shell companies, Norman introduces Pernum, another faceless shell company he’s supposedly “partnered up” with.

On its own website Pernum claims to be

the official wallet provider for the digital currencies YEM, TEC, and other coins/tokens on the YemChain.

TEC

🤖 Quick Answer

What was Wazzub's original business model in 2011?

How did Wazzub evolve after its initial business model collapsed?
Following the original business model's failure, Wazzub transitioned through a failed mobile application and a fraudulent virtual shares investment scheme before rebranding as Perfect Internet in 2016.

What was Cashback Marketing and how did it function?
Cashback Marketing, launched by Wazzub through Perfect Internet in early 2016, charged participants thirty dollars for marketing units. The program operated as a Ponzi scheme structure, eventually being abandoned along with its parent companies.

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