Following our recent acquisition of Gripeo.com website, please direct all inquiry emails to [email protected] and avoid using any other channels to contact website admin and moderators. Thank you so much!

Jeremie Sowerby – Is He Involved in an MLM Scam? The Truth Discovered (Update 2024)

Jeremie Sowerby
This is a user-generated post. Gripeo does not take responsibility for the accuracy of any statements made in this post.
Jeremie Sowerby has been involved in multiple shady companies. Find out if he is a MLM scammer or a reliable professional here.

Although I can’t be certain about it, I think Jeremie Sowerby’s Bitcoin fraud began with the BitClub Network.

In 2014, the MLM enterprise BitClub Network began mining cryptocurrencies.

uCah5DgmEjTv9OkBbfU8kl4T0g g3nEKUDh4IQB6NjSP5rMyYmShaYNaDUGfijt3JF4ZRdlAlq54OdZz8ljg2gmOEjAXgXNmdv9RiyeyrBvWFn13KNqH62dT hYQhdU
Jeremie Sowerby

The owners of the fraud were detained in 2019, and the DOJ later acknowledged BitClub Network was a $722 million Ponzi scheme.

Before we get started with this review
Such posts are made possible by the collective efforts of our contributors. If you can provide any kind of insight into Jeremie Sowerby or a similar company/individual, then share your information with us using our secured form.

You can help us put a stop to online scams before they grow too big and end-up ruining thousands of lives. A scam is a scam, doesn’t matter if it’s big or small. Now that this is out of the way, let’s get started with the review.

Since 2019, we has been monitoring the confirmed securities scam of Jeremie Sowerby, starting with Dunamis Network.

Early in 2019, Dunamis Mining, an MLM Ponzi with a cryptocurrency “mining” motif, was introduced.

A few months after the company’s debut, Jeremie Sowerby installed BitClub Network con artist Joe Abel in charge and changed the company’s name to Dunamis Global Tech.

By the end of 2019, Dunamis Global Tech had ceased to exist. Travis Bott’s Onyx Lifestyle Ponzi received the affiliate investor base that Jeremie Sowerby sold to it.

Our Methodology

We look at 34 different data points when analyzing and rating online money-earning opportunities. Once the research on these data points is submitted, expert contributors reach out to the company’s customers and associates to get more insight into their operation. Finally, all the collected information is presented in the form of this expert review.

All the data is extracted from publicly available information and the sources are given in the transparency section at the bottom of every report.

These reports are made possible by the collective efforts of contributors like you. If you would like to become a contributor then contact us here.

25/11/2023 Update
As of now, Jeremie Sowerby has not responded, nor has he apologized for his misdeeds. He has ignored our efforts to highlight the problems faced by their victims. Furthermore, he has only focused on propagating his fake PR.

Dunamis Global Tech was followed by My Blockchain Life, which would later develop into My BlockX and Kannabiz Koin.

The Arizona Corporation Commission filed a lawsuit against Jeremie Sowerby, a Canadian citizen residing in the US, for securities fraud linked to My BlockX in late 2022.

The ACC’s case against Jeremie Sowerby is still in progress as of the time of publication.

BitClub Network by Jeremie Sowerby Review

The BitClub Network website has no information on the company’s owners or managers.

On July 22, 2014, the domain name (“bitclubnetwork.com”) for the BitClub Network website was registered; however, the registration of the domain is set to private.

Without more information, it’s unclear whether the Netherlands, where the BitClub Network website is physically housed, is also the location of the company’s owner(s).

Always consider joining and/or giving any money to an MLM firm very carefully if it is not transparent about who owns or runs it.

What is an MLM Scam?

Multi-level marketing (MLM), network marketing, or direct marketing businesses involve selling products to family and friends as well as recruiting others to do the same. However, some MLMs are illegal pyramid schemes.

The Product Line of the BitClub Network by Jeremie Sowerby

BitClub Network doesn’t offer any services or goods for retail sale.

Affiliates promote membership to the business ($99), after which they invest in three “mining pools” and get others to do the same.

The compensation plan for the BitClub Network by Jeremie Sowerby

The three “mining pools” that make up Jeremie Sowerby’s BitClub Network payout structure offer affiliates a daily ROI of over 1000 days.

Jeremie Sowerby MLM

-Mine #1 costs $500 per share and offers a daily ROI for 1000 days, with a 50% reinvestment requirement.

-Mine #2 costs $1,000 per share and offers a daily ROI for 1000 days with a 40% reinvestment requirement.

-Mine #3 costs $2,000 per share and offers a daily ROI for 1000 days, with a 30% reinvestment requirement.

Bitcoin Referral Commissions

A binary compensation scheme is used to distribute referral commissions on investments made by affiliates who have been recruited.

An affiliate is positioned at the top of a binary team in a binary compensation system, with the following two positions immediately behind them:

mlm

These two positions then branch off into still another pair of positions, and so forth down a theoretically endless staircase of levels.

Each filled binary position on Jeremie Sowerby’s BitClub network denotes a purchase made by an affiliate’s upline or downline.

According to the pairing of investments on either side of the binary, commissions are distributed in a 1:1 ratio:

-One point is equal to two investments totaling $500.

-A $1000 investment pair is worth 2 points.

-A $2000 investment pair yields 4 points.

A $500 commission is given to an affiliate each time they generate 20 points from their binary.

An affiliate must directly find two other affiliates to be eligible for binary commissions. Also, take note that each day’s compensation for binary commissions is limited to $500.

Pass up referral commissions

Jeremie Sowerby’s BitClub Network reward structure includes a pass-up component in addition to binary referral commissions.

The first two affiliates a person brings on board pay a flat 15% referral commission on whatever investments they make. The recruiting affiliate’s upline (the affiliate that recruited them) receives any commissions made by affiliates referred by these two affiliates.

The third through fifth affiliates an affiliate recruits pay a 20% referral commission on any financial commitments. The first two affiliates they bring on board, the first two affiliates those affiliates bring on board, and so forth, all receive a 5% referral commission.

The sixth through eighth affiliates an affiliate recruits pay a 25% referral commission on any financial transactions. The first two affiliates they bring on board invest the money as well, earning them a 10% referral commission, and the third through fifth affiliates brought on board get a 5% referral commission.

These referral commissions have a theoretically limitless depth, just like the referral commissions given out on the third through fifth affiliates recruited.

On any investments made, the 9th affiliate hired offers a straight referral commission of 27.5%. Then, on the first two affiliates they bring on board, a 12.5% referral commission is given on investments made by them. The third through fifth recruited affiliates earn 7.5%, and the sixth through eighth earn 2.5%.

Once more, any affiliates that are recruited in the 9th recruited affiliate’s downline pass up these referral commissions.

Pass up Bonus

The affiliate who recruited them receives an additional 2.5% referral commission on any investments made by affiliates the ninth recruited affiliate recruits after they have recruited nine affiliates.

Once more, this incentive is paid out on investments made by any affiliates in this specific downline who meet the requirements of having nine affiliates recruited.

Jeremie Sowerby’s BitClub Network membership

The cost of a BitClub Network affiliate membership is $99.

Investment in one of the “mining pools” is also necessary to receive a commission, which increases the cost of BitClub Network affiliate membership by a minimum of $500 to a maximum of $2000.

Conclusion

Jeremie Sowerby Bitclub network

BitClub Network is poised to maintain the illustrious reputation the Bitcoin MLM niche has established for itself.

Affiliates pay $99 to join and between $500 and $2000 to invest in “shares” each. Investments are made with the expectation of a 1,000-day ROI of greater than 100%, which is paid from funds provided by new investors.

The BitClub Network maintains the Ponzi requirement that new affiliate funds be used to pay off old investors, regardless of whether the funds are converted to Bitcoin or not.

Despite the currency being used, affiliate funds are monies. Of course, nothing is being advertised or offered for sale to the general public.

It is at least certain that BitClub Network is accepting affiliate investments with the hope of earning >100% ROI. Uncertainty exists regarding the scheme’s SEC registration. I would argue it’s improbable given the offshore domain registration with a service based in Panama.

BitClub Network is an offshore operation that tries to defraud investors by pretending to explain Bitcoin mining to them, even though the mining itself (if any truly exists) has very little to do with how money is moved around the plan.

While the owner(s) of BitClub Network are currently remaining a mystery, there are indications that some Zeek Rewards Ponzi scheme factions may be responsible.

If you have sensitive information or have had a personal experience with Jeremie Sowerby but want to stay anonymous, then submit it using our secured form. You can connect with our expert contributors and help in finding the truth. We never share your information with 3rd parties.

Old pro-T. LeMont Silver is promoting himself as the “top leader” in the scheme under the YouTube account “BitClub Network Pro”:

Jeremie Sowerby's MLM scheme on YouTube
Jeremie Sowerby’s Bitclub Network on YouTube

Dirson E. Jimenez, another Zeek Ponzi pimp (also known by the aliases “strosdegoz,” “Alan Santana,” and “Manolo”), is also a pioneer:

Jeremie Sowerby

The Zeek Rewards Receivership is currently suing T. LeMont Silver for his involvement in the theft of money from the scheme’s victims. One of the scheme’s top net-winner investors, Silver’s name can be seen on a list of US-based Zeek Rewards net-winners together with that of his wife.

pPzkMuvGavfReA8Ihc xdazAzF4bgseIKhKCV8Hhb9gjTpvBvT9VtcSuLwJdqSTL0C7TSI7sAH8EYQ S QgqFAEwZigw vNtlgKtSftVwhvwrihFJjunXIyuqn0ZMn sW5PUWt9C CIzv54dsvB2lQ0

When Silver discovered that the top affiliates of Zeek Rewards would be the target of the Receivership, he escaped to the Dominican Republic. After hiding out following the demise of JubiMax, BitClub Network is ostensibly supposed to mark his return to the MLM Ponzi scene.

Jimenez doesn’t seem to be a citizen of the United States, hence he hasn’t been added to any lists created by the Zeek Rewards Receivership as of yet. He fared rather well for himself in the scheme though, and if the Receivership hasn’t already settled with him, he’ll probably become the focus of further legal action once it starts taking action against Zeek’s non-US affiliates.

Some people could dismiss Jimenez and Silver’s early engagement in BitClub Network as a coincidence, but I’m ready to wager that the people behind the scam share the same group of people as their names indicate.

Even with the possibility of having to repay the money on which these Ponzi pimps have made their fortunes, it seems that the beast’s nature hasn’t changed.

Ql4SirkMOW0DAiMD7BTa584MIcGsZ65tuVgvr8HKilXReUi2WbuDpISryGPJs62KEws2l1F EyTyoLufWv mqjx7ElYaGvYsvdSA79y0WOLBsorglDfb oe6 u 1aaeKekbonZwcrKpq ER MjMbkfI

The marketing videos for BitClub Network are intended for those who may be interested in learning more about Bitcoin and Bitcoin mining. Sadly, neither have any involvement in the plan beyond serving as a front for the transfer of new affiliate funds to T. LeMont Silver and Dirson Jimenez’s bank accounts.

Bitcoin mining on its own is entirely legal, but it isn’t when it’s being used as a front for something that is essentially another standard Ponzi/pyramid hybrid.

DOJ accuses a $722 million Ponzi scheme; BitClub Network developers are arrested

Five people associated with BitClub Network have come under the DOJ’s scrutiny.

By indictment, Joseph Frank Abel, 49, of Camarillo, California, Matthew Brent Goettsche, 37, of Lafayette, Colorado, and Jobadiah Sinclair Weeks, 38, of Arvada, Colorado, are charged with conspiracy to commit wire fraud and conspiracy to offer and sell unregistered securities, respectively.

Abel, Weeks, and Goethe were all taken into custody. There are still two unidentified co-conspirators at large.

Matthew Brent Goettsche is listed by the DOJ as one of the developers of BitClub Network.

Promoters of the BitClub Network are listed as Jobadiah Weeks and Joseph Abel.

I can’t answer for the others, but we recently discovered Abel was still actively defrauding people via Onyx Lifestyle and Dunamis Mining.

Additionally acknowledged as a co-author is a sealed defendant. The other was a co-creator and a programmer for BitClub Network.

The accusation against Goettsche, Weeks, and Abel claims that BitClub Network was a $722 million Ponzi scam.

Bitcoin mining was used by BitClub Network as a Ponzi scheme, as was documented on BehindMLM back in 2014.

BitClub Network has never been about splitting cryptocurrency mining income; it was founded in 2014.

The GOETTSCHE, (sealed), WEEKS, and other participants in the conspiracy (the “Fraud Co-Conspirators”) intended to benefit themselves by soliciting investments in BCN and inducing others to do the same under false and deceptive pretenses.
BCN’s alleged cryptocurrency mining would not be lucrative, as discussed and agreed upon by GOETTSCHE, (sealed), and others, but would instead be used to entice investors to buy BCN memberships and shares in BCN’s alleged mining pools.
The Fraud Co-Conspirators misled investors about various aspects of BCN’s investment products by making and causing others to make materially false and fraudulent pretenses, representations, and promises, as well as hiding important information from them. One such example is the data that was shown to BCN’s investors as evidence of “bitcoin mining earnings” that were allegedly generated through BCN’s bitcoin mining pool.

Email correspondence between the creators of BitClub Network is cited as evidence of fraudulent intent from the beginning.

In one such conversation, a sealed defendant boasted to Goettsche about how BitClub Network’s MLM side will mistreat 99% of affiliates.

Because of your talent at creating visually appealing matrices that have virtually no possibility of paying more than 50% of the maximum for 99% of the population:D, the margins from MLM (multi-level marketing) will likewise be crazy.

The intended market for BitClub Network would be “the typical dumb MLM investor,” according to Goettsche himself, who said as much in a 2014 online discussion.

Two months after BehindMLM’s analysis was made public, in October 2014, Goettsche and a sealed defendant talked about fabricating mining statistics to attract investment.

GOETTSCHE: but we may need to fake it (mining profits) for the first 30 days while we get going.(sealed): Sure(sealed): we can do thatGOETTSCHE: it needs to look real though :pGOETTSCHE: so need a bit of your magic touch on it(sealed): look real how? We fake real revenue numbers and show them in the account dailyGOETTSCHE: and we do not want to fake it too well so that when we need to back it down it drops offGOETTSCHE: terminolgy [sic]GOETTSCHE: explanation of what is happeningGOETTSCHE: inconsistent numbers daily so its [sic] not perfectGOETTSCHE: all kinds of stuff(sealed): inconsistent numbers are realGOETTSCHE: people think we are not legit or are weary so we need to be careful rolling this out(sealed): if we pay consistent numbers it will be fakeGOETTSCHE: I know… that’s what I am saying, make the numbers inconsistent(sealed): yeah(sealed): will make it real

The creators of BitClub Network including Jeremie Sowerby extended this conversation by referring to their investors as “sheep”.

“I guess most people do not know only 40% is used for mining and the rest for commissions,” to which GOETTSCHE replied, “The leaders know … it’s the sheep that don’t.”

A false node plan was devised by Goettsche and a sealed defendant a few months later in January 2015 to continue receiving investments.

GOETTSCHE: having our nodeGOETTSCHE: yepGOETTSCHE: it’s a big oneGOETTSCHE: I’ll put together full details to make it achievable(sealed): but that will instantly net us 10x that(sealed): so you want our poolGOETTSCHE: yes dude(sealed): and then we get miners to mine there?GOETTSCHE: most of these idiots have no idea, they just want to make sure we can verify SOMETHING

Goettsche continued by assuring the defendant who was under seal;

We are building this whole model on the back of idiots.(To) Proving the mining … just means convincing the morons ;).

Internally, the fake mining pool operated by Jeremie Sowerby’s BitClub Network was referred to as “shiny shit”.

Jeremie Sowerby’s company is in deep legal troubles because of its shady activities.

This is because Bitcoin mining had no bearing on Jeremie Sowerby’s BitClub Network’s daily earnings.

Daily rewards were freely adjusted by Goettsche and his coder.

GOETTSCHE: bump the daily mining earnings starting today by 60%(sealed): 60%? wow. that is not sustainable, that is ponzi territory and fast cash-out ponzi(sealed): but sureGOETTSCHE: yea they have not been bumped in a long time(sealed): okGOETTSCHE: we can push them back down, but we need a boost(sealed): you do realize you need to pay for like 1000 days technically?GOETTSCHE: we will dilute over timeGOETTSCHE: members will think it’s due to strong growthGOETTSCHE: but right now the payout does not break people even after 1,000 daysGOETTSCHE: we need to look like we will break them even in 9-12 months and then start to curtain it from thereGOETTSCHE: just bump it by 60%, I’m putting together an update about newly installed equipment, and we will be showing mining proof in the next week

Despite its claims, Jeremie Sowerby’s BitClub Network wasn’t purchasing mining equipment, as was made clear by a conversation between Jobadiah Weeks and Goettsche in June 2017.

We (Bitclub) cannot only “sell” individuals mining hardware (Bitclub shares) without using the proceeds to purchase equipment. It is improper.
No of the price, Bitclub makes 20%.

In September 2017, Goettsche devised his exit scam because he saw the writing on the wall.

We close the current pool to new shares, we call it the Early Adopters Pool or Legacy Pool or some shit like this.
We continue to pay out for the total life of the pool but no more partial shares or new shares are allowed.
This means the day we close it we have 1,000 days that we calculate out and put on autopilot.
Here is my current plan… (in my head)
1. Limit sales by the hour to do $50 mil per month
2. Drop mining earnings significantly starting now
8. We retire RAF!!! (rich as fuck)

Goettsche and his accomplices had previously claimed they were “staying anonymous” to elude regulators.

The DOJ cites an article titled “OneCoin abandon US operations” that Joseph Abel emailed to a sealed defendant in 2015, according to BehindMLM.

MRmcwdMI0J0Bnos3a Q00bWbbE9pjw mf4dmQK0DzAPmMVOv8FqwEkgXOOlSjw2rsQ G20AcewGbD6RIGMg08QBd8 yKQtg9bTp1dO3zO7kWhYkbv3URzDJybSCHoscWOZYhzyaKYrvnraGTIiS6uqI
Jeremie Sowerby’s company is facing legal troubles

Further evidence that BitClub Network’s operators were aware they were breaking the law comes from communications from August 2017;

BCN acknowledged that “Bitcoin might be a security regulated by the SEC, [and] Bitcoin mining could potentially be a security[,]” but did not register with the SEC. This was sometime around August 2007.

The owners and advocates of BitClub Network were reportedly ardent behind MLM readers.

The essay titled “Scott Warren’s Crypto World Evolution securities memo is deeply flawed” was sent to Joseph Abel by a sealed defendant in an email in March 2018.

h7KLN6srEeEC8c4CoUWRJeI0u Q0az0ILmSOgZtNh63A6kA0GA1Hvo 8r6L0HybpDWaMD2aFQy0Qt94JFy1VT0BToXTniG7IvKDc6U2WR RBUwgYSEfMMrvzEVJnDeQ785ZD2HQ85yv5po0uyyzIz1s
A snippet of legal action against Jeremie Sowerby’s BitClub

By March 2018, BitClub Network’s cash flow position was in a critical state.

To reassure affiliate investors, Joseph Abel was promoted;

We are, what they call the Bitcoin network, too big to fail. … It’s important that you understand that. We’re too big to fail.

After seven months, Jeremie Sowerby’s BitClub Network failed.

Indicted on two counts, including conspiracy to conduct wire fraud and conspiracy to offer and sell unregistered securities, are Matthew Goettsche, Jobadiah Weeks, and Joseph Abel.

The highest possible sentence for the wire fraud conspiracy charge is 20 years in prison and/or a fine of up to $250,000.
The maximum sentence for the conspiracy to sell unregistered securities offense is five years in jail and/or a fine of up to $250,000.

The DOJ is also seeking to have Goettsche, Weeks, and the two sealed defendants’ ill-gotten gains forfeited.

Jeremie Sowerby – Is He Involved in an MLM Scam? The Truth Discovered (Update 2024)
Jeremie Sowerby – Is He Involved in an MLM Scam? The Truth Discovered (Update 2024)

16 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. How has this guy been getting away with fraud for so long? He’s literally one of the biggest con artists around. Hopefully his current court case slams him shut.

  2. Nowadays, there is a lot of hype around cryptocurrency marketing. Everyone wants to participate in the MLM scheme and earn more money, but they haven’t been able to discover a better platform for investment because they have suffered big losses in the past.

  3. I agree with the author regarding how people were duped into participating in bogus MLM schemes without thoroughly researching the platform.
    It is best to avoid this kind of platform.

  4. They had no information about owners or management on their websites, indicating that they were up to no good. It is preferable to conduct thorough research before participating in such activities.

  5. Investors were deceived into putting their belief in these liars when they changed the name of the company. Finally, they were taken advantage of by these types of fraudsters, whose primary goal was to make money.

  6. How effortlessly was he able to carry out these scams without drawing attention to himself, even though thousands of people were duped?

  7. For many investors, BitClub is a nightmare. They shut off the network after collecting all of the public monies. There were thousands of complaints about this issue, yet the people who dealt with them were unable to get a reimbursement.

  8. The government had introduced numerous rules and regulations to restrict these types of scams, and severe measures had to be implemented to ensure that such scams did not occur in the future.

  9. A large number of individuals invested in the Bitcoin Ponzi scheme and lost their hard-earned money. The superior authority was required to take strict action in this situation.

  10. The author tries to explain how the owner of the BitClub network misled people into providing capital for the organization. Many investors fell victim to this ponzi MLM fraud.

  11. Why the media didn’t report on these types of incidents meant that the public was unaware of the widespread scams happening in their country and was therefore vulnerable to being taken in by fraudsters.

  12. The objective of these types of crypto schemes is to defraud market novices. The fraudsters were not concerned that their scheme would be exposed to the public or documented by news outlets

  13. People like Jeremie Sowerby engaged in deceptive market practices and stole the money of numerous individuals to enrich themselves. These individuals merit harsher punishment and disciplinary action.

  14. The MLM schemes were repeated in nature, and as a result, many investors got scammed and lost a lot of money.

  15. My personal investment experience with BitClub Network wasn’t good because of the business’ dubious methods. I had my suspicions about the firm’s credibility and was dismayed when it failed after I invested.

  16. It is difficult to see how people were duped by MLM firms whose main goal was to defraud people through fraudulent marketing methods.

Leave a reply

Gripeo
Logo
Register New Account