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LyoFI- Scam Review

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A department of the WeWe International Ponzi scheme is LyoFI. On July 30, 2021, LyoFI’s web site area (“lyofi.com”) was privately registered. In October 2021, WeWe International disclosed the enterprise as a collaboration with itself:

The next particulars might be discovered within the web site’s footer:   

Skeleton Bay Lot, Tortola, BVI, BRN: 2073860  

Scammers solely make the most of the BVI since it’s a scam-friendly jurisdiction to arrange shell companies. Any MLM group claiming connections to the BVI raises a pink flag all through the due diligence course of.

The BVI shell enterprise, WeWe International claims to be owned by DigiTech Companies LTD, is known as “Digifi Group LTD,” a derivation of that title.

The UAE and Italy are at the moment answerable for working WeWe International’s official Fb web page. Dubai will at all times stay WeWe International’s conduit to the United Arab Emirates.

The world’s MLM crime capital is Dubai. Any MLM enterprise that has connections to Dubai, just like the BVI, is for certain to be there resulting from its doubtful enterprise technique.

WeWe International seems to be actively marketed in Italy proper now. Based on SimilarWeb on the time of writing, Italy (62 %), Greece (12 %), and Turkey are the highest three international locations from which guests come to the WeWe International web site.

Luiz Goes is the one govt who has to this point made an look at WeWe International (additionally spelt Luiz Goez).

Based on Luiz, he’s the CEO of LyoPay. Based in 2020, LyoPay is a cryptocurrency trade. Luiz presents himself as a citizen of Brazil. His LinkedIn web page shows the standard record of unsuccessful cryptobro concepts that dates again to 2019.

Up till very just lately, LyoPay was virtually nonexistent. This happens similtaneously WeWe International’s hiring will improve in 2022. The Ponzi scheme began a brand new 900-day every day return Ponzi scheme with WeWe International’s LyoFI providing.   

By its collaboration with LYOFi, WEWE International presents its customers cloud minting, a cutting-edge technique of making tokens.   

It’s a typical staking fraud carried out with the usage of the LYOCREDIT token (LYO). The unique Ponzi scheme utilized by WeWe International was the identical con however utilizing WEWEX tokens.

The WEWEX Ponzi scheme by WeWe International appears to have misplaced steam (learn: collapsed). WeWe International solicits investments into LYO utilizing the bitcoin and ethereum counterparts of the euro. Ten funding plans, starting from 100 to 100,000 EUR, can be found.

Based on WeWe International’s gross sales pitch, investing LYO in LyoFI will yield a 300 % ROI over 900 days. WeWe International’s MLM element seems to have remained unaltered from our preliminary evaluation, which was launched in July 2021. Withdrawals from the LyoFI Ponzi are made in LYO, which associates then trade for bitcoin.   

The Cloud Minting Program is a service to lease {hardware} to mint LYOCREDIT tokens that’s supplied in cooperation with LYOFi. LYO might be saved or exchanged for bitcoin.   

As for Ponzi schemes, WeWe International and LyoFI, this can proceed until the invested money runs out. Take into account that math ensures that almost all traders in Ponzi schemes lose cash.

Naturally, WeWe International and LyoFI will declare that you’re incomes cash by way of LYO token every day return funds. It is one other to attempt to trade that for bitcoin. It’s going to perform until it stops (no extra money to steal).

It appears WeWe International’s authentic WEWEX Ponzi crashed someplace in late 2021, if we take a step again to make sense of this. With new exercise by way of LyoFI, they could have the ability to preserve it afloat.

Earlier than partnering with WeWe International, LyoPay was a doomed or dying cryptocurrency trade. By LyoPay, Luiz Goes is working his personal Ponzi scheme, providing traders an annual return of 60%.

That is attainable as a result of Goes can immediately generate LYO tokens on the contact of a button. Once more, for traders, the problem is popping LYO into one thing that may be actually bought.

Until it stops, it can perform. Analyzing the enterprise partnership between LyoPay and WeWe International in larger element reveals that it most definitely represents a variation on the white label Ponzi manufacturing service.

Goes gives: Reserving a trip was one side of LyoPay’s white label Ponzi service that drew my consideration. Journey preparations made by way of “Travel4You”—which continues to be on-line at “travel4you.io”—had been mixed with WeWe International’s authentic Ponzi scheme.

Nevertheless, the web site receives little visitors as a result of individuals do not put money into WeWe International for the holiday offers; as a substitute, they achieve this for the Ponzi scheme.

I imagine that LyoPay was the place WeWe International’s preliminary Ponzi rip-off was arrange. We now return to Luiz Goes. Why does Luiz Goes give in-depth WeWe International advertising shows if, as claimed, the corporate simply has a white label association with LyoPay?

Controlling the platform on which WeWe International seems to execute its Ponzi rip-off, and selling WeWe International We’ve not seen a single WeWe International govt in way more than a 12 months, which helps Goes’s working of WeWe International much more.

Moreover, LyoPay is registered as a UK shell firm referred to as DigiLYO App LTD. The naming construction of DigiLYO App LTD is vital right here, however the UK shell incorporation is one other warning indicator.

There’s a WeWe. 

It seems that Goes made a mistake when naming his shell agency “Digi-X.” 

WeWe International’s web site was registered seven months earlier than LyoPay when it comes to time. Nevertheless, the social media pages for each companies had been created in August 2020, making their launches nearly concurrent. I feel LyoPay’s standalone trade was a direct competitor to the inner trade WeWe International used when it first started.

By LyoFI, LyoPay has now been successfully built-in. Goes has already proven that he manages a number of exchanges utilizing LyoTrade.

I nonetheless cannot fully say that Goes is working WeWe International, however I can also’t rule it out both. Presently, all proof factors to Goes being liable for WeWe International and LyoFI.

Regardless of the case, the tip of an MLM Ponzi scheme is at all times the identical: The overwhelming majority of traders lose cash to the con artists working their prime entrepreneurs. Jose Gordo, who’s considered situated in Spain, has been frantically trying to launch WeWe International all through South America.

Within the MLM sector, Gordo is most identified for being a prime net-winner within the notorious OneCoin Ponzi scheme.

Gordo was charged with felony fraud in Argentina in late 2020 about OneCoin. He’s nonetheless needed for fleeing.

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