Holton Buggs’ Meta Bounty Hunters Ponzi is gearing up for a second round of investment.
The illegal securities offering is being marketed as Meta Bounty Hunters: Season Two; Meta Bounty Huntresses.
Buggs runs his NFT Ponzi schemes through Travis Bott’s Meta Labs Agency platform.
Although not publicly disclosed, Buggs and Bott are believed to have a business partnership.
As revealed on an October 13th webinar, David Hunt, a Meta Bounty Hunters insider, plans to launch Meta Bounty Huntresses on October 15th.
In order to market Meta Bounty Huntresses, Hunt spruiks returns already paid out to Meta Bounty Hunters investors.
Over the last six months we’ve been average anywhere from around 2% to 3% per week.
Already, within six months, we’ve already paid out over $20 million back to our (NFT) holders … purely (for) just buying a picture.
Depending on how many pictures you buy, will depend on how much your get paid out.
It’s important to note that, and keep in mind this figure is not verifiable without audited financial reports, the $20 million Hunt claims MBH has paid out – has not actually been withdrawn.
For the people that are claiming reflections, they’re getting close to near enough making their $2000 back already within their first six months.
When you look at investment opportunities, you’re not going to find many like this.
It’s also important to note that 80% of invested funds invested are purportedly used to fund returns paid out. I say purportedly because MBH also has an MLM component, draining available ROI funds from the investment pool.
Holton Buggs and Travis Bott also skim off the top, further draining ROI fund availability.
All of this leads us into why Meta Bounty Hunters needs a “season two”. Math is math and, like any Ponzi scheme, MBH needs new investment to keep the scam going.
Ponzi liabilities grow exponentially over time, and so Meta Bounty Huntresses NFTs are to be flogged at $2500 each. This is up from the original $2000 “season one” investment.
At 8888 NFTs, this comes to $22,220,000.
Further evidence of Ponzi math exerting inevitable liability pressure on MBH is the ROI period also being switched from weekly to monthly.
Looking at the flow of money within the scam, you have Meta Bounty Hunters returns approaching parity – i.e. impossible math. Meta Bounty Huntresses is launched, aimed at recapturing as much of the returns paid out as possible.
The processes then repeats itself, with MBH Season 3 launched when invested funds run low. After which comes season 4, season 5 and so on.
The law of diminishing returns plays its role over time, and eventually you have a classic Ponzi collapse.
Meta Bounty Huntresses investment kicks off to insiders on or around October 15th.
Insider investors are classed as:
- anyone who invested into at least five Meta Bounty Hunters positions;
- anyone who invested into an “iconic” Meta Bounty Hunter NFT
- anyone who invested in three or more of Travis Bott’s Meta Labs Agents NFT Ponzi
Public investment into Meta Bounty Huntresses begins on October 16th.
Holton Buggs is best known for making an MLM name for himself in Organo Gold. Buggs trying to merge crypto fraud with Organo Gold led to him leaving the company.
Buggs’ crypto bro fraud aspirations went nowhere. He eventually returned to his MLM roots with iBuumerang, a travel-based MLM opportunity.
The COVID-19 pandemic hit iBuumerang hard and the business never recovered. Buggs gave crypto bro fraud another crack, and here we are with the Meta Bounty NFT Ponzi schemes.
The vast majority of Meta Bounty Ponzi investors are believed to be iBuumerang affiliates.
Hunt, an iBuumerang Black Diamond who admits to getting scammed in various crypto schemes, describes Buggs as his mentor.
When asked about the iBuumerang logo behind him, Hunt replied;
That’s the business model that we’re in, iBuumerang. That’s the community that was created with Mr. Buggs.
And most people in iBuumerang found out about this NFT before anybody else and that’s where we trade. That’s where we make multiple income streams as well.
For the most part Meta Bounty Hunters was a sausage fest.
The cynic in me believes Meta Bounty Hunters with boobs is an attempt to appeal to iBuumerang’s female affiliate-base.
Speaking on his previous crypto fraud losses, Hunt told prospective MBH investors;
I started to understand what went wrong and why I lost money in some projects.
And there was clear red flags, that I actually ignored, because greed kicked in.
That was around five years ago. Fast forward to today and I’ve figured out what I believe is right and what I believe is wrong.
Evidently it took Hunt five years to realize investing early in Ponzi schemes means you’re the one doing the stealing and scamming others.
Neither Meta Bounty Hunters, Meta Bounty Huntresses, Holton Buggs, Travis Bott or David Hunt are registered with the SEC.
Offering, selling and promotion of unregistered securities is illegal in every country with a financial regulator.
Not withstanding, as discussed above, math guarantees the majority of investors in Ponzi schemes lose money.