Nugen Coin Review- Scam

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It’s impossible to tell from Nugen Coin’s website who controls the company or who owns it.   

On November 1st, 2021, a privately registered domain name for the Nugen Coin website (“nugencoin.com”) was acquired.   

Following a reader’s request, I learned about Nugen Coin and its connection to Free Mart. According to my investigation, this is true:   

Free Mart was previously reviewed in 2016. David Crookston and John Austin created the company (left and right, respectively). As a pyramid scheme, Free Mart failed to distinguish between affiliates and retail clients.

The MLM opportunity came with a slew of bizarre products. It was Free Mart who was accused of making false medical claims.  I hadn’t looked into Free Mart in a while, so I was surprised to learn that the company has changed its name to “ShopFreeMart.”  It operates from “shopfreemart.com,” which provides no information about the company’s ownership or leadership team. In addition, there’s no mention of NugenCoin in the article.   

One of the first things to look out for is ShopFreeMart’s refusal to recognise the ownership of Nugen Coin and conceal this information from customers. Such is not revealing ShopFreeMart’s legal status or the identity of its proprietors and corporate owners.   

In both cases, the FTC Act may have been violated. We can see from the screenshot above that John Austin is still the CEO of ShopFreeMart, as shown in the Nugen Coin marketing film.   

After a tumultuous departure, David Crookston departed the company in the middle of 2016. As a result of this situation, Austin decided to openly air his dirty laundry about him. 

Don’t join or send over any money to an MLM firm unless they are completely transparent about who owns and runs it.   

Nugen Coin’s Products: There are no products or services offered by Nugen Coin that may be sold. A Nugen Coin affiliate membership is the only thing that may be promoted by affiliates.   

The compensation plan for Nugen Coin holders:  Investment in Nugen Coin by affiliates comes with the promise of a promised ROI. Affiliates can buy Nugen Coins from Free Mart for 32.7 cents per coin right now.   

A Nugen Coin investment of $50 or more is required to get started. Nugen Coins are locked in ShopFreeMart for 18 months after purchase. It’s done on the promise of a 202-day payout of 200 percent of the investment. You earn additional coins at a rate of 0.35 percent four times per day, for a total daily return of 0.357 percent. In 202 days, the coins in your account will have doubled in value.   

In 202-day cycles, an 18-month ROI of 2.725 percent is equal to 547 days. A 10% commission is paid to Nugen Coins invested by affiliates who have been personally recruited. Over and above the MLM commissions you may have received from ShopFreeMart.   

On their website, ShopFreeMart does not disclose compensation information. The compensation plan has not been revised since 2016, so I’m unable to confirm that.   

“As a member of Nugen Coin, It appears that becoming a Nugen Coin affiliate is completely free.    Investment in Nugen Coin is required to take full advantage of this income possibility.” says one of the Nugen Coin member.   

Website Traffic to ShopFreeMart.com has slowed to a crawl. As an MLM company, ShopFreeMart is no more.   

If Nugen Coin is desperate to keep earning from affiliates, it looks to be trying to get them involved in crypto-fraud in order to do so. 

NuGen Coin (symbol NUGEN) can be purchased directly from us. On Nugen Coin, ShopFreeMart provides no technical details. Nugen Coin is touted as “the new standard of banking and trade,” which is unusual given that it is a digital currency.   

Additionally, Nugen Coin is promoted by ShopFreeMart, who uses the standard “we’re going to be the next Bitcoin” BS.   

“Take the example of Bitcoin. After being advertised and exchanged for 5 cents each, it has already reached nearly $41,000. Now is your time.”   

This is a completely fictitious claim, produced solely to entice people to invest in Nugen Coin.   

For the next 18 months, affiliates can expect a daily return on their investment, which motivates them to sign up for the program.   

The Nugen Coin offered by ShopFreeMart is unquestionably one of security. This necessitates the filing of audited financial reports with financial regulators.   

They disclose a Florida corporate location in their End-User License Agreement. Nugen Coin’s agreement makes it clear that this agreement and your use of the application will be governed by US law, excluding its conflict of law provisions.   

Securities in the United States are overseen by the SEC. ShopFreeMart, Free Mart, Nugen Coin, and John Austin are not registered to sell securities in the United States, according to an Edgar database search.   

These two companies have committed securities fraud at the very least.   

ShopFreeMart affiliates bought Nugen Coin for 9.6 cents each, which is around a third of what it is currently being sold for on the open market.   

This means they will be the first people who have invested for 18 months to be able to cash out their investments.   

Even if 10% commissions aren’t MLM, I’ve highlighted Nugen Coin because of their connection to ShopFreeMart. The greatest Nugen Coin commissions go to those who bring in the most new investors.    Withdrawals will be processed through Nugen Coin’s internal exchange.   

“To take advantage of the anticipated rise in the value of the coin, we want to create our own NUGEN EXCHANGE. The exchange will list NUGEN alongside other well-known cryptocurrencies, such as Bitcoin. In addition, NUGEN will be listed on Binance and other exchanges.”   

Despite the fact that the domain name for Nugen Coin’s website was registered seven months ago, the cryptocurrency is still available for public exchange.   

In the event of an exit fraud, it is likely that John Austin is keeping public trade to a minimum. When ShopFreeMart is no longer able or willing to pay withdrawal requests, Nugen Coin will be dumped on shady public exchanges.   

When Nugen Coin affiliates panic sell, the public trading value drops to zero, and I’m sorry.

It’s impossible to tell from Nugen Coin’s website who controls the company or who owns it.    On November 1st, 2021, a privately registered domain name for the Nugen Coin website (“nugencoin.com”) was acquired.    Following a reader’s request, I learned about Nugen Coin and its connection to Free Mart. According to my investigation, this is…

It’s impossible to tell from Nugen Coin’s website who controls the company or who owns it.    On November 1st, 2021, a privately registered domain name for the Nugen Coin website (“nugencoin.com”) was acquired.    Following a reader’s request, I learned about Nugen Coin and its connection to Free Mart. According to my investigation, this is…

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