Meta Labs Review- Scam

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Meta Bounty Hunters, one of the more unscrupulous MLM crypto schemes, was launched earlier this year. The “crew” behind Meta Bounty Hunters was not identified until after the game’s launch. MBH was actively advertised to iBuumerang affiliates by firm owner Holton Buggs, as was discovered. Then there was Travis Bott, who, via Meta Lab Agency, disclosed his most recent crypto grift: an NFT Ponzi factory. Let’s get you up to speed on Meta Labs Agency before we go. 

On January 27, we conducted a review of Meta Bounty Hunters. We reported on ties between Meta Bounty Hunters and iBuumerang on February 2nd.   

The release date for Meta Bounty Hunters was February 26.   

On February 27th, we confirmed Holton Buggs and Travis Botts’ ties to Meta Bounty Hunters.   

The premise behind Meta Bounty Hunters was straightforward: sell 8,888 Star Wars imitation animated NFTs for $2,000 each.   

Attached to the primary scam was a multi-level marketing opportunity that operated as a pyramid scheme. The addition of “weekly reflection payouts” transformed Meta Bounty Hunters into a pyramid scheme.

According to Travis Bott, Meta Bounty Hunters generated $17.5 million. a rapid profit for himself, Buggs, and other executive-level participants. The Meta Bounty Hunters NFT collection is traded on Open Sea, most likely by a tiny group of insiders who have fraudulently inflated the floor price (now 2.29 ETH or $4028).

Outside the NFT bubble, the outlook is dismal. The WSJ stated earlier this month that NFT trading has decreased by 92% since its peak stupidity in September of last year. Here is the progression of Meta Bounty Hunters as an MLM company:

The money is evident in the scam itself; sell cartoon tokens to idiots. Travis Bott likely realized this when he founded the Meta Labs Agency in late March. According to a press release dated May 22, Meta Labs Agency has an in-house team of creatives, designers, and artists with web 3 experience. Whether you already have your art generated or need assistance, Meta Labs Agency can assist you. 

They will guarantee that your NFT launch is consistent with the image, voice, and personality of your business. 

Their team has over ten years of experience in the Web 3 industry. They have access to more than ten blockchain networks and a comprehensive understanding of smart contracts and gas fee optimization.    What truly distinguishes Meta Labs Agency is its emphasis on unique utility and return of value to the holder.   

“One of the things we recognized was the utilization of funds and ensuring that the proceeds from mint would be deployed in a manner that would help the community,” says Travis Bott, chief executive officer of Meta Labs Agency.   

Bott and his crew are not listed anywhere on the official Meta Labs Agency website. Meta Labs Agents are affiliated with the Meta Labs Agency. What we do find, however, is a copy of the “reflections” Ponzi scheme from Meta Bounty Hunters: Additionally, we received a list of Meta Labs Agency’s executives:

Meta Labs Agency’s initial Ponzi scheme, Meta Labs Agents, is significantly less expensive than Meta Bounty Hunters. An investment of $300 grants access to a smaller reflection pool. A “Secret Agent Collection” position that costs $1,700 yields “huge reflection” returns. Those with a keen understanding of mathematics will recognize that burning five $300 positions to achieve a “Secret Agent” investment position totals $1,500. I assume marketing is included in the $1,700 direct investment cost.

It appears that $17.5 million from 8888 jobs was insufficient. 30,000 $300 positions and 5,000 $1,700 positions are part of his new NFT Ponzi scheme. Even though the investment positions are divided using a two-tier price mechanism, the amount of money flowing from investors to Bott remains the same:

$17.5 million. Well, almost. Due to the “exchange of five $300 positions for a Super Agent position,” the actual amount swindled will likely be less. In addition to the major Ponzi scheme, Meta Bounty Agents has a multitude of “coming soon” schemes. Ganga’s Nomad and Lions Not Sheep Crypto Chads appear to be a money-making scheme aimed at insecure men.

Nomad by Ganga is associated with LA-based tattoo artist Joaquin Ganga Lopez. Lions Not Sheep is a clothing brand linked to the right. Its NFT collection of cartoon art targets insecure men once more. This month, the FTC filed a lawsuit against Lions Not Sheep and its owner, Sean Whalen.

The FTC alleged in its complaint that Whalen lied about the origin of Lions Not Sheep merchandise.    Today, the Federal Trade Commission filed action against Lions Not Sheep Products, LLC and its owner, Sean Whalen, for fraudulently representing that their imported clothing is American-made.   

According to the FTC’s complaint, the business applied bogus “Made in USA” labels on imported apparel and accessories from China and other countries.   

The complaint states that on October 8, 2020, Whalen posted a video of himself with the headline “MADE IN AMERICA!” with a Chinese flag on his social media sites.   

In the video, Whalen claimed that he could disguise the fact that his shirts were manufactured in China by removing the origin labels and replacing them with labels claiming that the goods were manufactured in the United States.   

Whalen addressed the FTC’s charges by consenting to a $211,335 judgment. If the Lions Not Sheep NFT scam succeeds, this verdict is monetarily irrelevant. The second season of Meta Bounty Hunters is also cited on the website of Meta Labs Agency. It appears Bott has not yet finished exploiting his original investors.

“Reflections” play a vital role in Bott’s NFT swindles. This is simply another term for returns derived from invested capital. It is a conventional Ponzi scheme operated through NFT cash grabs.

What began with Meta Bounty Hunters has now evolved into a full-fledged Ponzi scheme — lacking the MLM component (more money for Bott).

Travis Bott’s headquarters are in Utah, USA. Although their NFT schemes offer passive investing opportunities, neither Bott nor Meta Labs Agency are SEC-registered.

Meta Bounty Hunters, one of the more unscrupulous MLM crypto schemes, was launched earlier this year. The “crew” behind Meta Bounty Hunters was not identified until after the game’s launch. MBH was actively advertised to iBuumerang affiliates by firm owner Holton Buggs, as was discovered. Then there was Travis Bott, who, via Meta Lab Agency,…

Meta Bounty Hunters, one of the more unscrupulous MLM crypto schemes, was launched earlier this year. The “crew” behind Meta Bounty Hunters was not identified until after the game’s launch. MBH was actively advertised to iBuumerang affiliates by firm owner Holton Buggs, as was discovered. Then there was Travis Bott, who, via Meta Lab Agency,…

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