Daniel Wood, a Swedish citizen, is the face of the Cashflow NFT in the public eye. But professional con artist Micah Theard is the one who actually started the Ponzi scheme.
However, Micah Theard’s name is nowhere to be seen on the CashFlow NFT website. Even though CashFlow NFT has established and started seeking investment, their website is currently only a signup form.
Theard and CashFlow NFT only have one known public link, which was a crypto-shill event hosted in Texas back in June:
We discovered an unlisted video on Miracle Cash&More’s YouTube channel to verify that Theard is, in fact, the founder of CashFlow NFT:
“Hello, I’m Micah. I am the company’s founder.”
It appears that Theard, who founded the business, has also appointed himself vice president.
This is consistent with Daniel Wood’s (right) role as the organization’s public face. CEO Hakan Törehan is the head of the cryptocurrency wallet business Miracle Cash & More.
Through the wallet services provided by Miracle Cash & More, CashFlow NFT operates its Ponzi scam. Torehan and Wood both have connections to Cyprus, a country that, for the most part, tolerates scams.
Torehan was detained in 2017 in relation to an “illegal gambling ring” and a connection to “organized crime.” Torehan was accused of “providing funds for unlawful online gambling sites,” to be more precise.
After being granted bail in February 2018, Torehan apparently devised a scheme to avoid reporting to the police by obtaining a phony medical certificate.
After that failed, Torehan vanished in June. He turned himself in to the police in September. Torehan alleged that Osman Aydeniz, who at the time was sought for drug trafficking and theft by the UK and Interpol, kidnapped him.
Aydeniz stood by Torrehan. He arrived of his own volition. He knows the family well. There is no ill will between us. I was unable to determine what transpired after that. Cyprus is a well-known shady jurisdiction where the law is lax even outside of MLM.
For instance, Torehan returned in January 2021 as a crypto bro. A cryptocurrency dubbed “Miracle” was invented by six Turkish Cypriots. One of the company’s founders, Hakan Törehan, claimed that they were the first and only licensed business and that they aimed to create the bank of the future.
The company began operating in Nicosia, Famagusta, and Girne in the TRNC. Although Miracle as a cryptocurrency doesn’t seem to have taken off, it did influence the development of Miracle Cash & More, which was introduced in or around December 2021.
The website for Miracle Cash & More has been inaccessible ever since BehindMLM linked it to CashFlow NFT on August 4th. What the story is there is unclear to me.
In any case, Torehan seems to have switched from “funding illegal gambling sites” to “financing unlawful MLM crypto Ponzi scams.” This brings us to Micah Theard, the creator of CashFlow NFT.
Theard had a job in the textile sector before he began operating Ponzi schemes. Theard’s first significant MLM fraud, in my opinion, was Flexkom in 2013 or 2014.
Flexkom’s was a pyramid scheme that was covered up by a network of retailers. Turkish con artists ran it. Theard started marketing the infamous OneCoin Ponzi scheme after Flexkom.
Around this time, a user going by the name “micah” claimed to have “checked” the fictitious blockchain of OneCoin.
Theard got interested in Circle Society after OneCoin: David Saffron operated the $100 million cryptocurrency Ponzi fraud known as Circle Society. Saffron was taken into custody by US Theard appears to have finally understood that operating Ponzi schemes is where the money is.
Thus, CashFlow NFT exists.
CashFlow NFT was actively peddling $5000 NFT positions to unsuspecting investors in Spain as of June 2022:
Following Spain, CashFlow NFT has been attempting to sell comparable NFT investment opportunities to UK citizens.
According to a source, Daniel Wood stated last week that “the selling of these NFT’s has definitely slowed down.”