LyoFI is a successor to the WeWe Global pyramid scheme. The domain name for LyoFI’s website (“lyofi.com”) was privately registered on July 30, 2021.
In October 2021, WeWe Global revealed the corporation as a partnership with itself:
In the website’s footer, LyoFI provides the following information:
SKELETON BAY LOT, Tortola, BVI, BRN: 2073860.
The British Virgin Islands is a jurisdiction conducive to fraud because only shell corporations are incorporated. Any MLM company with ties to the British Virgin Islands is an automatic red flag for due diligence.
WeWe Global represents that “Digifi Group LTD” is owned by the BVI shell corporation DigiTech Services LTD. At the time of publication, the UAE and Italy control WeWe Global’s official Facebook page.
WeWe Global’s Dubai is WeWe Global’s guaranteed connection to the United Arab Emirates. Dubai is the world’s MLM crime capital.
As with BVI, any MLM company with ties to Dubai is guaranteed to be there due to its fraudulent business strategy. It seems that WeWe Global is currently being actively pushed in Italy.
At the time of publication, SimilarWeb rates Italy (62%), Greece (12%), and Turkey as the top three traffic sources for WeWe Global’s website.
Luiz Goes is the sole executive who has publicly represented WeWe Global to date (also spelt Luiz Goez). Luiz identifies himself as the chief executive officer of LyoPay. LyoPay is a cryptocurrency exchange that will launch in 2020.
Luiz presents himself as a citizen of Brazil. His LinkedIn profile contains the typical list of unsuccessful cryptobro initiatives dating back to 2019. LyoPay was nearly extinct until recent times.
This aligns with an increase in WeWe Global recruitment in 2022. With the introduction of LyoFI, the Ponzi scheme launched a new 900-day daily return Ponzi scheme.
Through its relationship with LYOFi, WEWE Global offers its consumers a new token minting technology: cloud minting.
Typical staking fraud is being perpetrated with the LYOCREDIT coin (LYO). WeWe Global’s original Ponzi scheme involved WEWEX tokens instead of WEWEX.
It appears that WeWe Global’s WEWEX Ponzi scheme has taken a back seat (read: collapsed). WeWe Global solicits investments in LYO with bitcoin and ethereum equivalents to the euro. There are ten investment plans available, ranging from 100 to 100,000 EUR.
WeWe Global asserts that LYO’s investment in LyoFI will yield a 300 percent return over a period of 900 days. The MLM aspect of the firm does not appear to have changed since our review.
Withdrawals from the LyoFI Ponzi scheme are paid in LYO, which affiliates convert to bitcoin.
In conjunction with LYOFi, the Cloud Minting Program is a service to rent hardware to mint LYOCREDIT tokens. LYO can be stored or exchanged for bitcoin.
As both WeWe Global and LyoFI are Ponzi scams, this will continue until all invested capital has been depleted. Note that math guarantees that the majority of Ponzi scheme investors will lose money.
Obviously, WeWe Global and LyoFI will represent the fact that you are earning money through daily LYO token return payments.
Attempting to convert that to bitcoin is another thing. It will function till it doesn’t (no more money to steal). Taking a step back to assess the situation,
it looks like WeWe Global’s initial WEWEX Ponzi scheme collapsed in late 2021. With new activity on LyoFI, they may be able to keep it afloat.
Before partnering with WeWe Global, LyoPay was a dying or defunct cryptocurrency exchange. Luiz Goes runs his own Ponzi scheme through LyoPay, promising investors 60 percent annual returns.
This is possible since Goes generates LYO tokens on demand with a single click. Again, the challenge for investors is transforming LYO into something that can be cashed out.
It will function until it doesn’t. Upon further investigation into the business partnership between LyoPay and WeWe Global, it appears to be a variant of the white-label Ponzi factory service.
Goes provides: Travel reservations drew my attention to LyoPay’s white label Ponzi offering. WeWe Global bundled travel bookings with its original Ponzi scheme under the name “Travel4You,” which is still accessible at “travel4you.io.”
However, site traffic is modest due to the fact that nobody invests in WeWe Global for travel discounts; they are there for the Ponzi scam.
I believe that WeWe Global’s initial Ponzi scam originated within LyoPay. This returns us to Luiz Goes. Why is Luiz Goes presenting elaborate WeWe Global marketing presentations if, as indicated, WeWe Global just has a white label collaboration with LyoPay? WeWe Global owns the platform on which WeWe Global’s Ponzi scheme appears to operate.
We haven’t seen a WeWe Global executive in over a year, which lends credence to the idea that Goes is running the company.
LyoPay is also incorporated as the UK shell business, DigiLYO App LTD. The UK shell corporation is another red flag, but the significance lies in the naming structure of DigiLYO App LTD.
We own Wewe Global – DigiTech Services LTD.
Goes may have made an error with his Digi-X shell firm naming template.
WeWe Global’s site was registered seven months earlier than LyoPay’s. The social media accounts of both companies, however, were created in August 2020, so they both launched around the same time.
I believe that WeWe Global’s initial internal exchange was a clone of LyoPay’s independent exchange. LyoPay is now correctly connected with LyoFI. Goes has already proved that he operates many LyoTrade exchanges.
I cannot rule out the possibility of Goes operating WeWe Global, but I cannot confirm it either. All indications indicate that Goes is behind WeWe Global and LyoFI. In any case, regardless of who operates an MLM Ponzi scheme, the end is the same: the majority of investors lose money to the fraudsters running the organization’s top promoters.
Jose Gordo, who is believed to be headquartered in Spain, has been feverishly attempting to launch WeWe Global in South America.
In the MLM sector, Gordo is best known as a major net winner in the infamous OneCoin Ponzi scheme. Gordo was indicted in Argentina in late 2020 on criminal fraud accusations relating to OneCoin. He is still considered a fugitive.