Dear Clients,
Since we are handling the 3Key and Lyra cases together with the Jubilee Group, we coordinate our actions when it is beneficial. We undertake independent actions when we deem it advantageous for this case.
Over the last week, we obtained new evidence from the victims. This data concerns facts supporting evidence of the culpability of the perpetrators, owners and organizers of the Jubilee Group project. We are arranging the gathered evidence for submission to the prosecuting authorities in Croatia and Germany.
Many victims who were previously hesitant or believed in false promises made by Tony Jackson, Bobby, and Leslie that they would be compensated are changing their stance. They are contacting us to join the criminal complaint, offering new evidence of the criminal actions committed by the perpetrators.
Below is a part of the analysis from behidndmlm.com of the operations of the Jubilee Group:
“Jubilee Ace markets itself as “the future of investment”. In reality it’s just a typical MLM Ponzi points scheme.
Jubilee credits are worthless outside of Jubilee Ace’s MLM opportunity. They are not publicly tradeable and it’s not even clear whether they’re a token or just credits tracked on a database.
Jubilee Ace claims to generate external revenue through Aqua, a purported cryptocurrency, sports and gaming arbitrage bot.
Beyond their marketing pitch however Jubilee Ace fails to provide evidence of arbitrage revenue actually being used to pay affiliates.
Furthermore despite clearly offering a passive investment opportunity, Jubilee Ace is not registered to offer securities in any jurisdiction it operates in.
With no external revenue source, Jubilee Ace is simply recycling newly invested funds to pay off existing investors – through a convoluted internal credits scheme.
The use of newly invested funds to pay existing affiliates daily returns makes Jubilee Ace a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment slows down so too will new investment.
This will starve Jubilee Ace of return revenue, eventually prompting a collapse…”
Full article: https://behindmlm.com/mlm-reviews/jubilee-ace-review-jubilee-credits-arbitrage-ponzi-scheme/
We believe that a part of the funds collected through investments was employed to pay out members, fostering their trust and encouraging further investment and the attraction of new investors. Meanwhile, the larger share of the funds ended up in the personal accounts of organizers, directors, and promoters. These assets need to be seized and employed for compensating the victims, with legal prosecution for the wrongdoers in accordance with the law.
Zoran Miljakovic
Attorney at Law