ShynXL’s Ponzi scheme has failed. On or round September 2021, buyers started reporting ShynXL withdrawal points. Withdrawals had been to be reinstated on September 1st, 2021, in keeping with a discover on ShynXL’s web site. That deadline handed us by.
ShynXL and its founders had been by no means heard from once more. Ahmed Hussain, Mohammed Moin Uddin, and Nasir Uddin Mozumder (aka Nasiruddin Mozumder and Mohammed Nasir Uddin Mozumder) are the co-founders of ShynXL, they usually seem to have gone into hiding.
Any beforehand obtainable social media profiles, so far as I can uncover, have been erased. Hussain, Uddin, and Mozumder’s whereabouts are unknown. In August 2021, ShynXL’s official Fb profile was deactivated. ShynXL was impressed by the defunct PGI World Ponzi scheme.
Associates invested as much as $1,000,000 on the promise of a 200 % ROI, ShynXL evaluation from June 2021. ShynXL’s MLM enterprise was structured as a pyramid scheme. ShynXL’s web site remains to be up and operating as of this writing. In accordance with Alexa, site visitors to the location decreased rapidly after ShynXL went down.
ShynXL was robbing buyers all all through Africa on the time firm went bankrupt. At this level, it seems to be a clear sweep.
I am going to maintain an eye fixed out for any new data.