Algotech, a fraudulent Ponzi scheme that collapsed just months after its inception, has seemingly resurfaced as WinWheel. The website for Algotech is now offline, but screenshots reveal a striking visual similarity between its footer and that of WinWheel, suggesting a direct lineage. Former Algotech promoters are now actively marketing WinWheel, indicating a calculated reboot of the operation.

WinWheel offers no transparency regarding its leadership or ownership structure on its website. The domain name, winwheel.com, was initially registered in 2013. Public records show the domain registration was last updated on November 10th, 2021, which is the likely date the current operators acquired control.

Klas Magnus Nilsson, identified as the owner of Algotech, is almost certainly involved in WinWheel, either as an owner or a significant stakeholder. Daniel Grenon, who served as Algotech's Master Distributor, is not publicly visible in WinWheel's promotions. Instead, Staffan Liback has stepped into a front-facing role for the new scheme.

Liback is collaborating with the Steinkeller brothers and Simon Le, individuals with a well-documented history of involvement in the OneCoin Ponzi scheme. The Steinkeller brothers reportedly abandoned their lucrative OneCoin positions, generating millions monthly, shortly before founder Ruja Ignatova vanished. They transferred their responsibilities to Liback, who presided over the decline of their OneCoin operation, a situation exacerbated by OneCoin's eventual collapse in January 2018.

Seeking to evade scrutiny, the Steinkellers relocated to Dubai, a hub for fraudulent operations. They re-emerged in mid-2019 with a new venture called Planet Impact, which has since ceased operations. Liback's departure from OneCoin was less conspicuous; he maintained a low profile in Thailand before resurfacing in 2019 alongside OneCoin money launderer Frank Ricketts to promote the Cloud Horizon Ponzi scheme. Liback is believed to have profited and disassociated himself from Cloud Horizon in late 2020. By December 2020, Liback was actively promoting OmegaPro, another Ponzi scheme, and had previously been associated with Algotech.

Simon Le, a prominent OneCoin earner who targeted markets in Southeast Asia, also retreated to Vietnam after OneCoin's downfall. In early 2020, Le launched OneLink, a scheme designed to mimic OneCoin. OneLink operated for a few months before being rebranded as Global Sponsorship Network. Le has reconfigured Global Sponsorship Network multiple times, and it appears he is now directing his remaining followers from Southeast Asia toward WinWheel.

Nigel Allan reportedly oversees Liback, the Steinkeller brothers, and Le within WinWheel. In a promotional video, Liback explicitly credited Allan for the opportunity, stating Allan introduced "Connect" to them and that without Allan's connections, they would not have access to this venture. Allan previously held the position of President of OneCoin.