Management Finance was a Ponzi scheme launched in mid 2017. It collapsed in early 2018, lasting roughly six months.
In what was later be revealed as one of many earliest examples of a Boris CEO, Management Finance was headed up by “Benjamin Reynolds”.
Following a CFTC fraud lawsuit and eventual $571 million greenback judgment, Benjamin Reynolds was outed as Estonian resident Karl-Joonatan Mets.
Mets professes his innocence, which inserts with usually Russian scammers hiring actors to entrance their scams.
Following correspondence with Mets, at the moment BehindMLM can reveal how Mets was duped.
In response to Mets he answered a casting name within the “Should act or I die” Fb group.
Mets claims the group “has tens of thousand of members in Estonia”. The advert he responded to was posted by Roman Lok.
Lok (proper) is purportedly “identified locally for making movies for large firms.”
Lok’s casting name sought actors to play “workplace employee roles”. There was nothing about Management Finance within the advert.
The video was shot in a rented workplace set with Management Finance branding. Mets performed an workplace employee.
He learn a script speaking about firm updates and different associated advertising factors. The script didn’t name of Mets to determine himself as Benjamin Reynolds.
Mets was paid €750 EUR for his work, with extra movies to return.
A while later, after Management Finance had launched, the video that includes Mets appeared on YouTube.
Whoever had put the video collectively had credited Mets as Benjamin Reynolds, CEO of Management Finance.
Upon studying of the video Mets reached out to Lok.
“I discovered the primary video and beneath it, it says as if Im the CEO of the corporate and a unknown title additionally.
I don’t conform to this and this CEO and mistaken title. Must be eliminated as a result of it merely isn’t true”.
This dialog occurred in July 2017.
Lok responded to Mets communication by asking for a hyperlink to the video. When that was supplied he claimed it wasn’t uploaded to Management Finance’s “official channel”.
When supplied a hyperlink to the identical video on Management Finance’s official channel, Lok replied;
The video you despatched, somebody in all probability uploaded it and put it on YouTube by themselves. We are able to’t management that”.
Mets stood his floor.
You may nonetheless inform the shopper I don’t want to do any extra movies.
I’m not attempting to ask for more cash, it simply morally doesn’t match with me that I’m wanting like the corporate proprietor, even when my title will not be beneath the video.
Lok replied;
Unhappy to listen to it however I’ll ahead the shopper the information.
He inspired Mets to use for different listings he had or would later put up within the Fb group.
Mets didn’t seem in any extra Management Finance movies.
Roman Lok would proceed to put up adverts searching for actors to play “workplace employee” roles.
One instance Mets supplied, from April this yr, requests “males and lady, complete of seven actors”.
Background actors! No expertise wanted! (This Sunday 11.04)
Males and lady, complete of seven actors.
Formal or strict sensible informal clothes! Paid similar day money!
Lok’s advert requests applicant to e mail LW Movies.
On Twitter Roman Lok goes by “@lastwarningru”. He cites himself as a “producer”.
A go to to LW Movies’ web site reveals it’s a Russian “video promoting” firm.
We’re engaged within the creation of video design of any complexity, the event of plots, we manage filming and photograph periods, we advise you on the event of video promoting, and our announcers will voice your video in any language of the world.
LW Movies claims to be “actively working with HYIP initiatives”.
We’re actively working with HYIP initiatives, and that is one among our priorities.
Enormous expertise permits us shortly decide what is required for you.
We are going to choose the actors and order the premises and create your HYIP promoting in a number of languages.
We assure full anonymity.
HYIP stands for “Excessive Yield Funding Applications”, in any other case referred to as Ponzi schemes.
In October 2018 LW Movies put collectively two tutorial movies for Swisscoin, one in English and one in Russian.
Swisscoin was a Ponzi scheme launched in mid 2016. In our evaluation we had been unable to determine who exactly was behind the rip-off.
Seems it was possible Russian scammers.
Perusal of LW Movies’ YouTube channel reveals further promos for World Mining, Taurise, Pandex, PlatinCoin and Solis – all Ponzi schemes.
Again in 2016 LW Movies was positively churning out Boris CEO movies:
That is simply what the corporate has made public. Bear in mind, LW Movies affords “full anonymity” to the scammers it produces advertising movies for.
Karl-Joonatan Mets claims he has contacted Estonian police concerning the matter. Estonian police are believed to have in flip contacted their UK counterparts.
Whether or not this goes any additional stays to be seen.
Replace seventh June 2021 – BehindMLM reader Semjon has accomplished some further analysis, revealing Roman Lok is a pseudonym for Roman Aleksejuk.
As per Estonian company data, Aleksejuk is the only administration board member of LW Movies.
Along with placing collectively Ponzi advertising movies for scammers, Aleksejuk likes to play poker.
