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Nimbus Platform is an MLM crypto Ponzi scheme that has been in operation since August 2020.

The first Ponzi scam was based on NMBT coins, which paid up to 0.5% every day.

This failed in less than a year, forcing Nimbus Platform to restart using NBU tokens. The second Nimbus Platform generation promised a much more modest 7% each year.

Here’s how things are going:

Nimbus has now upped the ante with a 100% yearly ROI in a bid to rescue the unsuccessful second iteration.

Nimbus’ latest Ponzi scheme is packaged in an NFT scam named “Nimbus NFT Smart Staker.”

Smart Staker n-NFT creates rewards automatically from two staking streams, with up to 40% and 60% APY, respectively.

A staking grift provides the 100% yearly ROI.

Become a Nimbus Swap Liquidity Provider to get two types of incentives of up to 100% APY.

And the original Nimbus Platform NBU Ponzi has been “upgraded” to 20% every year.

Invest in NBU or GNBU for up to 20% APY.

Another noteworthy event is the introduction of the GNBU Token in late 2021:

Another swing, another miss.

The Nimbus Platform website has a “affiliate program” section…

Invite your friends to Nimbus and receive additional prizes and incentives, including the chance to win Nimbus NFTs.

…but, specifics are being concealed from the public. As a result, I’m unsure whether Nimbus Platform is still active as an MLM firm.

Nimbus Platform has changed CEOs again again, like it did when it initially restarted.

When BehindMLM assessed Nimbus Platform for the second time in February 2021, Fernando Martinho was named CEO.

Martinho vanished from Nimbus Platform’s website less than a week after the review was published.

We believe Martinho paid out and fled, but neither he nor Nimbus Platform have addressed his unexpected departure.

Nimbus Platform released Alex Lemberg on November 28th, 2021, seven months after Martinho vanished.

Lemberg is a financial professional residing in the United States.

On June 27th, 2022, Lemberg made his last video appearance on Nimbus Platform’s YouTube channel:

According to Lemberg’s LinkedIn page, the next month he cashed out and quit Nimbus Platform.

Lemberg’s LinkedIn page lists him as CEO of BeMotion, a reseller of several software platforms, as of July 2022.

BeMotion, for one, seems unconcerned that Lemberg ran a Ponzi scam for 10 months:

In terms of who is now operating Nimbus Platform, the revolving CEOs imply that an unnamed third party runs and owns the firm.

Nimbus Platform marketing videos is Nimbus Vice-President Waseem Mamlouk, presumably until another CEO replacement is found.

Mamlouk joined Nimbus in 2020 and rose to the position of VP in late 2021. Mamlouk stated around the time of his appointment that Nimbus Platform would be listed “on a major North American stock exchange by the end of 2021.”

To be fair to Canada, the United States is the world’s most active regulator of unregistered securities. Nimbus Platform’s announced exchange listing did not take place for obvious reasons.

Today, Nimbus is harping on the Central Bank of Bahrain about obtaining a license.

The Kingdom of Bahrain’s Central Bank Licensing and Supervision

In accordance with and in consultation with the Central Bank of Bahrain, Nimbus Platform now has the necessary regulatory approval and licensing for tokens and NFTs in the Kingdom of Bahrain.

Bahrain is a small kingdom country in the Middle East with a population of about 1.4 million people. Despite the fact that Nimbus Platform is not even active in Bahrain, any license obtained there has no meaning outside of the country.

According to SimilarWeb, the top sources of traffic to Nimbus Platform’s website are Germany (67%), Turkey (15%), Colombia (10%), and Spain (3%).

Nimbus Platform is not authorized to offer securities in any of these jurisdictions.

In November 2020, Spain’s CNMV issued a Nimbus Platform securities fraud warning.

Who owns and runs Nimbus Platform, and from where, is unknown.

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Mark F. Hamlin & Forsage & SEC Review - Is a Fraud

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