Beware of Success Factory – Review Part 4

Bermuda has issued a pyramid scheme fraud alert for Success Factory.

According to a notice issued by the Bermuda Police Service on April 15, the department

On the island, there are indications of a possible pyramid scam operating under the moniker “Success Factory.”

Members are only invited to join, and once approved, they are expected to recruit others.

Larger sales translate to a higher level of status, which comes with perks like free event tickets.

The owners of “Success Factory” also strongly push users to invest in the worthless cryptocurrency “DagCoin.”

According to reports, members cannot redeem their currency for up to three years.

The Detective Superintendent of the Serious Crime Unit, Nicholas Pedro, stated, “This plan has many of the characteristics of a pyramid scheme.”

Yesterday, BehindMLM reader “Austrian Schnitzel” identified Bermuda’s previously unknown warning.

again originated from the infamous OneCoin Ponzi fraud. Late in 2017, Igor Alberts established and operated Success Factory in the Netherlands to market the fraud.

Uncertain is the current state of Success Factory. Nils Grossberg, the inventor of DagCoin, and Kris Ress, an accomplice, were detained in Estonia earlier this month.

Dutch officials conducted simultaneous raids on Success Factory’s offices in the Netherlands on behalf of Estonian authorities.

The proprietor of the Success Factory, Igor Alberts, and his wife, Andreea Cimbala, departed the Netherlands a few weeks before the arrests and searches.

BehindMLM is convinced that someone with access to regulatory intelligence tipped them up.

Ted Nuyten assisted Alberts in scamming consumers with OneCoin and DagCoin.

Alberts and Nuyten’s financial arrangement has never been disclosed, although Nuyten provided Alberts with a regular supply of public relations.

Nuyten has not yet covered the Success Factory raid on BusinessForHome while having covered the Estonian DagCoin arrests.

Alberts and Cimbala escaped to Dubai, the MLM crime capital, at the beginning of October.

The Dutch authorities have not stated whether Alberts and Cimbala are facing criminal accusations. They are thought to be on the run from the law.

Both Success Factory and DagCoin’s websites were available at the time of writing.

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