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Ultron affiliates invest in ULTRON tokens on the promise of advertised returns. Ultron has no retailable products or services.Īffiliates are only able to market Ultron affiliate membership itself. Givvo and Ultron’s business operations appear to be spread between Dubai, Slovakia and Slovenia.Īs always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. Any MLM company that is based out of Dubai, or has executives based there, raises automatic red flags. This time I was able to oblige.Īccording to their respective social media profiles, both Tobias Sukenik and Michal Prazenica are based out of Dubai.ĭue to limited extradition treaties and non-existent regulation of MLM related securities fraud, Dubai provides a safe-haven for scammers.īehindMLM considers Dubai to be the MLM scam capital of the world. Yet another reader recently reached out to me requesting a Givvo/Ultron review. Details of Givvo’s business model weren’t available so I wasn’t able to publish a review. I realized here that I could have saved myself a bit of time as another reader, (comment #27), had already identified Sukenik and Prazenica with respect to Givvo. In 2018, prior to co-founding TBF International, a BehindMLM reader tied Sukenik and Prazenica to the BeReal Estate Ponzi scheme. …but on LinkedIn, Michal Prazenica identifies himself as CEO of Givvo.

#Who owns cryptoheaven update

Update 25th March 2022 – Michal Kyselica has been in touch to confirm he has nothing to do with Ultron or Givvo. In the BusinessForHome article linked above, TBF International’s other co-founders are identified as Michal Kyselica and Michal Prazenica

In 2020 TBF International was sold off to Kannaway. In 2019 Sukenik co-founded TBF International, a CBD MLM company. I wasn’t able to confirm how involved in Cifra is in Givvo or Ultron.Ĭifra led me to someone I can confirm is heavily involved in Givvo, Tobias Sukenik. The guy in the video is Matej Cifra, a YouTuber from Slovakia. In September 2021 Givvo uploaded an event video to their YouTube channel:

This is in line with the company’s ecommerce platform operating in euros. Givvo’s official FaceBook page is managed from Slovakia and Slovenia.

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On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.Īs a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.įor the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless. UK incorporation is dirt cheap and effectively unregulated. In the “campaign rules” section of Givvo’s website, it represents it is being run through the UK shell company Prizer22 LTD.Īn MLM company operating or claiming to operate out of the UK is a red flag. This isn’t much.Īs to who’s running Givvo, and by extension Ultron, no company ownership details are provided. I believe all Givvo are doing is funneling what would otherwise be customer cashback into donations.Īttached to Givvo is a referral income opportunity:Īlexa currently ranks traffic to Givvo’s website at 2.8 million. Donation points are put into pre-organized campaigns. You buy products on their platform and receive “donation points”. Givvo is essentially an ecommerce platform with a donation backend. When the campaign is finished, we will present how this organization used donated money. Through the “Donations Campaign,” GIVVO raises money for one of the partnered licensed Humanitarian Organizations. Givvo presents itself as a donations platform for undisclosed “humanitarian organizations”.

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GIVVO’s main idea came from a simple wish how to fulfill everyone’s deepest desires and at the same time make the world better. Givvo promises to “change the fact that 99% of people never win at life?” It’s now been disabled.Īs far as I can tell, Givvo currently doesn’t have a standalone web presence. That subdomain was working up until recently. Ultron is being launched as a stand-alone opportunity, originally hosted off Givvo’s website: Ultron is being launched as part of Givvo.