In an apparent response to some website’s coverage of Nugen Universe, the Ponzi scheme has asked that affiliates erase any damaging data immediately.
On June 27th, one of the website reported on Nugen Universe. In their piece, they exposed Nugen Universe’s plans to obtain a bank license in the United States and to continue committing securities fraud.
This appears to have prompted Nugen Universe to update their affiliate terms and conditions.
It is completely prohibited to publish any advertisements for the company without previous written agreement from the company.
This encompasses all public and social media platforms and networks, including YouTube, Facebook, Instagram, LinkedIn, Twitter, etc.
The company maintains the right to seek legal recourse should any harm result from the breach of the aforementioned rules.
By selecting the box here, the member acknowledges that he or she has read, understood, and agrees to these terms and conditions, as well as the need to pay legal fees for both parties in the event of any damage to the company.
Additionally, the member undertakes to remove any existing postings, videos, etc. that have not been pre-approved. Any violation of this agreement may result in the locking of your account and the loss of part or all of these advantages.
Nugen Universe provides an exemption for “company-sponsored webinars and conference calls,” which they add “may be freely distributed.”
From these webinars and conversations, it is believed that Nugen Universe’s securities fraud and Ponzi scheme will not be disclosed.
From a regulatory perspective, securities fraud is irreversible. Securities fraud is still securities fraud.
Fazil Mohamed Jabar (right) and John Austin, co-founders of Nugen Universe, are based in Florida and North Carolina, respectively.
SimilarWeb estimates that more than 90 percent of Nugen Universe’s website traffic originates in the United States.
Should U.S. authorities examine Nugen Coin for hiding securities and wire fraud, criminal conspiracy charges are plausible. In addition to securities fraud, civil accusations