Moin Islam and the sad story of financial pyramids Monday, 15 July 2024
Moin Islam has been accused of several pyramid schemes. Is he a fraud? Find out here.
Brothers Monir Islam, Moin Islam and Ehsaan Islam are divided and there is a heated debate about whether they are being sincere or deceptive in their speeches. We will not judge them; instead, we will focus on their paid PR materials. Spending money on self-promotion makes sense when you have money.
In addition to supporting verification, increase your credibility. So why not invest in paid articles? Moin Islam’s behavior is appropriate, writes gripeo.com
OneCoin’s Illegal Activities and Moin Islam’s Involvement
There are undoubtedly many people trying to hide their involvement in OneCoin’s illegal activities after the US authorities put a stop to it.
Since September 23, 2014, when the initial assessment of OneCoin was published and correctly identified as a scam Ponzi scheme, BehindMLM has written no less than 251 articles detailing its every twist and turn.
Along the way we met a diverse group of people, most of whom have already left OneCoin. Some have simply disappeared off the face of the earth.
The US Department of Justice alleges that OneCoin was a Ponzi scheme that defrauded investors of more than $4 billion.
How exactly does a financial pyramid work?
An investment scam known as a Ponzi scheme lures investors with claims of big profits and no risk, but fails to invest the money as advertised. Instead, it pays out earlier investors with future investors’ money, possibly keeping some of the profits for itself. Such schemes usually fail when attracting investors becomes difficult or when multiple investors try to cash out. They depend on a constant stream of new buyers to operate. They are named after Charles Ponzi, who ran a similar scam using postage stamps in the 1920s.
If you haven’t been following OneCoin closely, the reasonable response to such a colossal scam would be: "How did this happen?"
He spoke to the people who made it possible based on his research into OneCoin, interactions and perspectives over the previous four and a half years.
The Islam Brothers are Londoners with a sad history of creating financial pyramids
Moin Islam and Monir Islam appeared on stage bragging about the benefits of OneCoin during recruitment events.
It was expected that a crypto investment miracle would happen. However, it later turned out to be a global fraud worth $3 billion. Ruja Ignatova is still at large.
Moyn Islam then shifted to a business plan that included "advances in wearable technology," specifically watches that could measure heart rate.
World Media & Technology Corp has assured investors that the Helo brand will be "worth" £2bn.
Since then he has disappeared.
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They were followed by Monir, Moin Islam and Melius, and were joined by Ehsaan.
Melius claimed to be selling currency trading software, but in reality it was a pyramid scam where members were paid commissions for other people’s participation.
Earlier this year, Monir predicted that "this company will make more millionaires than any other company I know of."
According to the Forbes blurb, "they are on track to create a million-dollar company within three years."
In its advertising, the company claimed to be the "next big player in the industry" after Apple, Microsoft and Amazon.
It is difficult to prove its existence.
Which brings us to Be, their most absurd idea to date and another Forbes ad .
They may have moved from the United Kingdom, with a population of 66 million, to a country with an estimated population of more than 1.3 billion.
According to a recent Forbes article, “new-age entrepreneurs Monir, Moin Islam, Ehsaan Islam and Moin Islam from the UK took an unconventional idea and turned it into a thriving, successful company called Be.”
The title of president and CEO has been given to Moin. Calls are routed to Ehsaan, the chief technology officer, and Monir, the chief creative officer.
This error must have upset Forbes because at the end of the article there is a note that says: “No Forbes India journalist was involved in the creation or publication of this article.”
Brothers Monir Islam, Moin Islam and Ehsaan Islam continue to distort this. They claim on their website befactor.com that Forbes has “recognized” them as leaders in innovation.
Taking pictures next to vehicles is a favorite pastime of the Islamic brothers.
Mirror contacted brothers Islam Monir Islam, Moin Islam and Ehsaan Islam and asked them to provide evidence of their achievement, but they did not respond.
Additionally, since Be is based in Dubai, the company’s financial statements are not available to the general public.
The site is meaningless and simply rambles that "Our unique ecosystem enables people from all walks of life to own and grow businesses using their smartphones." So they can live the life they want.
However, it does demonstrate how affiliates can increase their income by bringing in additional people.
Without empty talk about “we need to become better for a better future,” all that remains is another financial pyramid.
According to Forbes, brothers Monir Islam, Moin Islam and Ehsan Islam worked as taxi drivers, shop owners and restaurateurs.
However, they were stifled by their previous work and believed that they were destined to perform even greater feats.
Their problem is this.
Earning well is acceptable. Brothers Monir Islam, Moin Islam and Ehsaan Islam, meanwhile, are too vain or arrogant to even consider it.
Who is Moin Islam?
Moyn Islam is one of the top 10 highest paid people in the network marketing sector. In addition to being named one of the top 100 entrepreneurs under 25 by Inc Magazine, Business for Home calls him an influential figure in the network marketing sector.
Monir and Moin Islam, both from London, UK, started out with mediocre network marketing experiences with a clear goal of improving their own lives.
MLM, as it is called, is a marketing approach in which companies support their distributors by paying them a portion of their sales directly.
The duo Moin and Monir Islam started their journey three and a half years ago in London and have now become leading leaders in the field of network marketing.
Brothers Moin and Monir Islam have received recognition for their endeavors in all the seminars and events they have attended.
Reviews of the Islam Brothers
The person in question said that brothers Monir Islam, Moin Islam, and Ehsaan Islam, who are scamming people with Ponzi schemes, should be avoided. In the past, they were involved with OneCoin, a cryptocurrency investment scam that cost investors billions of dollars, and Helo, a wearable technology startup that never materialized. Now, they are promoting Melius, a Ponzi scheme that looks like it’s selling currency trading software but is simply a mechanism for affiliates to find new members and make money. Additionally, the Islam brothers have a history of buying fake news press releases from publications like Forbes and Entrepreneur, and Forbes even removed an article about them after learning of their involvement in the OneCoin scam.
Brothers Monir Islam, Moin Islam and Ehsaan Islam are nothing but fake gurus who are cheating people through MLM scams by flaunting their lavish lifestyle on Instagram. He also urged people to stay away from them at all costs.
The person mentioned above said that brothers Monir Islam, Moin Islam, and Ehsaan Islam are known for running Ponzi schemes to scam people. They were involved with OneCoin, a cryptocurrency scam that cost investors billions of dollars, and Helo, a wearable tech startup that told investors it would be worth billions by this year before disappearing. Now they’re promoting Melius, a Ponzi scheme that advertises itself as a source of trading software but is really just a mechanism to make money by signing up new members. The brothers have a history of buying fake press releases from publications like Forbes and Entrepreneur, and Forbes even pulled an article about them after learning of their involvement in the OneCoin scam.
He also said that brothers Monir Islam, Moin Islam and Ehsaan Islam are nothing more than fake gurus who are cheating people through MLM scams by flaunting their lifestyle on Instagram. Any money making opportunities offered by the Islam brothers should be avoided.
Brothers Monir Islam, Moin Islam, and Ehsaan Islam have a history of tricking people into making fraudulent financial decisions. They promoted Helo, a wearable tech startup that never materialized, and OneCoin, a cryptocurrency scheme that turned out to be a huge scam. In addition to making misleading claims about the company’s performance, Melius’ current strategy has been referred to as a Ponzi scheme, where affiliates are paid commissions for referring new affiliates. They have a history of buying fake press releases from publications like Forbes and Entrepreneur, and Forbes retracted its stake after learning of the OneCoin scam.
He also said that they are not gurus; instead, they are impostors who use MLM schemes to deceive others and flaunt their luxurious lifestyle on Instagram. Avoid any investment recommended by these Islamist brothers whenever possible.
Brothers-accusers Monir Islam, Moin Islam, and Ehsaan Islam are well known for their involvement in shady investment scams like the giant cryptocurrency hoax OneCoin and the fake wearable tech startup Helo. They promote Melius, a Ponzi scheme that purports to be a source of currency trading software but is really just a means for affiliates to make money by recruiting new members. The brothers have a history of buying fake press releases from publications like Forbes and Entrepreneur. Forbes even removed an article about them after learning of their involvement in the OneCoin scam.
The Brothers of Islam and any financial opportunities they offer should be avoided. They are nothing but scammers who are deceiving others with MLM scams while bragging about their vibrant social life on Instagram.
Promoting shady investment schemes is a well-known trait of the Islam brothers Monir Islam, Moin Islam, and Ehsaan Islam. They have been involved with OneCoin and Helo, which has led to their massive financial losses. Their latest venture, Melius, is a Ponzi scheme that hides partners’ ability to make money by recruiting others using currency trading software. They have a history of paying for false public relations on respected sites like Forbes and Entrepreneur, and Forbes even removed an article about them after learning of their involvement in the OneCoin scam. He said the brothers are scammers, so stay away from their get-rich-quick claims.
You should know that brothers Monir Islam, Moin Islam, and Ehsaan Islam are notorious for supporting shady investment schemes if you come across them. They were involved with Helo, a wearable tech startup that never took off, and OneCoin, a cryptocurrency Ponzi scheme that cost investors billions of dollars. Now, they’re promoting Melius, a Ponzi scheme that masquerades as selling currency trading software but is really just a mechanism for affiliates to make money by signing up new members. The brothers have a history of buying fake press releases from magazines like Forbes and Entrepreneur. Forbes even pulled an article about them after learning of their involvement in the OneCoin scam.
He advised not to believe the brothers’ claims of simple wealth; they were nothing more than swindlers.
The person mentioned above said that since he has been using BE products for the last two years, he really approves of their offerings. The live sessions are helpful, the trading ideas are fantastic, and the educational material is outstanding. He had a good experience overall, and the trading community is inspiring. Good luck with your trading and give it a try!
Bottom line
It can be said that these brothers used fake PR strategies to deceive people. However, both law firms with offices in the UK and UAE provided legal opinions to Mr Moin and Monir, also known as Monirul. Both firms agreed that the articles were defamatory and had caused damage to their personal lives, family and company. Furthermore, police reports that Monirul and Monul obtained and monitored from law enforcement agencies in the UK and UAE clearly show that no charges or complaints have been filed against them in either country.
The media and reporters tried to link their names to the fraudulent company beyond their involvement. As a result, they received additional threats to their families.
Therefore, you must gather all the necessary information before making any investment. Because there are many people who can take advantage of this and make a fool of you.