Urgent Warning: Beware of Suki Chen and the Streakk/Earn World Crypto MLM Schemes!

FinTelegram’s investigations, alongside whistleblower reports, reveal that Suki Chen (also known as Sukijami Chendrawan) is the alleged founder of Streakk and successor scheme Earn.World. Both schemes are suspected to be pyramid or snowball schemes (MLM schemes) that have been promoting their own STKK token since 2022. These operations have been flagged as fraudulent and are under scrutiny for securities fraud and Ponzi-like activities.

Key Red Flags:

• Unregistered Securities: Streakk and Earn.World operate by offering high annual yields through staking, which constitutes an unregistered securities offering. This is illegal in many jurisdictions, including Austria, where the scheme is actively promoted.
• Ponzi Scheme Mechanics: Both schemes rely on recruitment to sustain payouts to earlier investors. Once recruitment slows, the system collapses, leaving most investors with significant losses.
• Rebranding Tactics: Streakk rebranded as Earn World in 2023, a common tactic used by fraudulent schemes to evade regulatory scrutiny and continue operations after initial collapse.
• Dubai Operations: Both schemes are based in Dubai, a hub for MLM scams, further raising concerns about their legitimacy.
• Promoter Involvement: In Austria, the schemes are promoted by Manfred Dunkl, a known MLM artist, adding to the credibility concerns.

Public Warnings

• BehindMLM issued a warning against Streakk as early as December 2022, labeling it a Ponzi scheme and exposing its fraudulent mechanics.
• France’s AMF added Streakk to its investment blacklist in January 2024, signaling regulatory action against the scheme.

Investor Advice:

• Avoid at All Costs: Do not invest in Streakk, Earn World, or any associated STKK tokens. These schemes are designed to enrich early promoters at the expense of later investors.
• Report Suspicious Activity: If you have information about Suki Chen, Streakk, Earn World, or their promoters, please submit a whistleblower report to FinTelegram.

Key Data

Here’s a table summarizing the individuals, legal entities, and domains involved in the Streakk/Earn World schemes:

Call to Action:

We urge insiders and affected individuals to come forward with evidence and testimonies to help expose the full extent of these fraudulent operations. Together, we can protect investors and hold the perpetrators accountable.