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themoneyteam.com

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Investments

1

About The Money Team

The Money Team (TMT) is a lifestyle brand inspired by Floyd Mayweather.

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Latest The Money Team News

The SEC Goes After Modern Money Team for a Potential $12 Million Scam

Jun 6, 2020

The SEC Goes After Modern Money Team for a Potential $12 Million Scam The SEC Goes After Modern Money Team for a Potential $12 Million Scam A lot of cryptocurrency projects have found themselves in the crosshairs of the SEC. For the Modern Money Team, or MMT, it seems the allegations of fraud and misleading investors have some merit to them after all. Whenever a new company starts to promote cryptocurrency activities, scrutiny is warranted. Modern Money Team is in Serious Trouble More often than not, those new firms either turn into a scam or did not file with the proper authorities. Not only did the team potentially scam $12 million, but they also misappropriated funds and lied to investors. On the surface, the venture focused on crypto mining and multi-level marketing practices. Roughly 200 people invested in the mining scheme, whereas the MLM attracted around 1.800 users. Even though the MLM arm stopped paying users in November 2019, they kept accepting signups and deposits until early March of 2020. That is often a clear sign of a Ponzi Scheme running on its last legs. According to the SEC, at least one individual misappropriated investor funds, whereas the other was blatantly running a Ponzi scheme. That latter individual also has a Bitfinex account that held nearly 50 Bitcoin until May 2019. For now, the investigation is still ongoing. Image(s): Shutterstock.com

The Money Team Investments

1 Investments

The Money Team has made 1 investments. Their latest investment was in U-Hop as part of their Corporate Minority on May 5, 2018.

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The Money Team Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/11/2018

Corporate Minority

U-Hop

Yes

1

Date

5/11/2018

Round

Corporate Minority

Company

U-Hop

Amount

New?

Yes

Co-Investors

Sources

1

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