Even though we have not yet officially launched our “The Financial Telegram” (FinTelegram) project we are already receiving whistleblower news. A big “thank you” to all visitors and contributors. One of them just referred FinTelegram to a project called “Nexus Global“, a soon-to-be-launched crypto-MLM “made in Germany”. Nexus Global calls itself a “Crypto MLM”, i.e. a Multi-Level-Marketing system that is usually deployed in pyramid systems.
According to a blog post on Medium, Nexus Global” is invested (and/or plans to invest) in some projects and/or companies that just recently did ICOs such as Cointed or esports. The company promises extremely (unrealistically) high returns.
Quite interestingly Nexus Global seems to be connected to the UK-based Veltyco (read this article on Telegram for more info on Veltyco). At least the Crypto-MLM is invested (and/or plans to invest) in esports.com, a related company to Veltyco Group. Moreover, they invest and/or sell investments in the Veltyco Group’s core business – sports bets, binary options, and crypto-casinos.
From what we learned it may well be that Nexus Global is also engaged with another Veltyco Group venture – 8Crypto.com, a company allegedly focused on cryptographic payment system located in Sofia.
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