BREAKING UPDATE: On December 30th, 2025, Bobby Gray, founder of TEXITCoin, held a TEXITCoin Miner Update. This call lasted well over an hour and included a new format in which he and his team locked it down to registered attendees only; this is a smart move for sure. Whereas some of the info on this call was stated in a manner that a legal team might not approve, I believe the intent behind Bobby Gray’s words was to provide some factual updates and to correct the record, where the critics, such as myself and, in some cases, haters, have gotten the information out of context or completely incorrect.

Whereas fixing potential regulatory cracks doesn’t negate the past, and regulators will focus on those challenges. I do believe the information Bobby Gray discusses is worth reviewing and provides some context for my earlier and ongoing concerns about the manipulation of the TEXITCoin Mining compensation plan and the potential risk to rank-and-file individuals who had joined. I do want to be clear, my original assessment, as well as my recommendations below, still stand.

This is a HYIP (High Yield Investment Program) where YOU, as the potential investor or promoter, MUST DYOR (Do Your Own Research!) Don’t take my word, or any insider’s word alone. Contact your legal counsel, investment advisor, or accountant for counsel. I would also challenge you to study the regulatory rules surrounding and governing investments and marketing.

In the high-stakes world where cryptocurrency meets network marketing, few projects have captured attention—and ignited debate—like TEXITcoin (TXC). As a Texas-flavored proof-of-work coin aiming to fuse large-scale mining operations with community utility, TXC promised a path to honest money and financial independence. Yet, as 2025 draws to a close, the project stands on shaky ground: a brutal price crash, operational missteps, and leadership decisions that smack of unchecked control. As the founder of Deep South Companies, co-publisher of Income Opportunities Magazine, and a veteran analyst with over 40 years dissecting MLMs, blockchain ventures, and fintech schemes—I’ve scrutinized TXC since its early hype.

My initial October 2025 risk assessment on TalkGigs.News flagged it as a high-risk hybrid teetering on the edge of pyramid-scheme territory, urging extreme caution amid unproven claims and regulatory blind spots. That warning rings truer now, amplified by fresh developments that expose deeper fissures. Backed by my track record, from Bloomberg features on iMarketsLive to niche exposés on MLM pitfalls, including my own SEC settlement in 2013 over past affiliations, my authority stems from balanced, evidence-driven insights. Here, I weave that foundational review with the latest turmoil, delivering a sobering update for anyone eyeing this troubled rocket.

A Veteran’s Lens on TEXITcoin’s Potential Perils

With over four decades in the network marketing and direct sales industries, I’ve earned my stripes as a Hall of Fame inductee, founding member of both the Association of Network Marketing Professionals and the Social Networking Association. As The Beachside CEO, You can find more at my blog at TroyDooly.com, YouTube channel featuring insights on MLM trends and crypto developments, and advisory roles that shape compliance and strategy, currently, as Editor-in-Chief at TalkGigs.News, and Co-Publisher at Income Opportunities Magazine, I oversee coverage of the gig economy, network marketing, and digital assets, while advising fintech companies in the USA, Australia, and Hong Kong on regulatory navigation and risk management.

My expertise extends deeply into legal and regulatory scrutiny: I’ve reviewed and studied over 120,000 court documents and case files, and hundreds of cases, to understand how regulators think, where entrepreneurs make mistakes, and how scammers plot to con their next victims. Most recently, I worked closely with the defense team as an advisor and witness in a $300 million alleged crypto Ponzi/pyramid case. The case settled with the founder paying $24 million in fines, over $11 million to potential victims, and over $25 million in legal fees; he was found guilty of promoting unregistered securities.

My October 2025 assessment dissected TXC’s business model (affiliate-driven mining shares), tokenomics (capped supply with halving events), affiliate program (binary incentives that risk pyramid labels), and legal compliance (an unregistered structure vulnerable to FTC/SEC scrutiny under the Koscot and Howey Tests). It highlighted unproven mining yields, opacity in leadership, and high fraud risks—concerns that have only intensified. Transparency is paramount in my work; I openly address my 2013 SEC settlement under Section 17(b) for promoting ZeekRewards without disclosing compensation, as chronicled in BehindMLM. This experience honed my scrutiny, transforming lessons into tools for spotting flaws in MLM-crypto hybrids like TXC.

The Crash: Hype Deflates into a Sub-$1 Abyss

TEXITcoin’s fall from grace accelerated after September, when weekly sales peaked at $9.83 million amid promotional fervor. By December, that figure had cratered to $2.07 million, liquidity evaporated, and daily trading volumes languished at $220,000—slashing the market cap to around $66 million. Founder Bobby Gray, in his December 23 holiday call, attributed the 85% nosedive to phishing scams, a claim that echoes broader crypto holiday slumps and economic jitters. But data from CoinGecko and CoinMarketCap paint a grimmer picture: exhausted reserves ($15 million+ burned on price support), abandoned timelines like the “Path to $16,” and reliance on affiliate inflows that scream unsustainable.

My October assessment warned of this exact vulnerability, growth propped up by recruitment hype rather than verifiable utility, risking a Ponzi-like collapse under pressure. Positives such as Texas pride branding and community scale (56,000 miners, $140 million raised) were noted, but the crash validates those risks: no organic demand, just internal buying drying up amid doubts.

The Phishing Plague: Security Lapses and Unaddressed Victims

A persistent shadow over TEXITcoin is a wave of phishing attacks, often originating from its Telegram channel, where scammers impersonate Gray or team members to extract wallet details or seed phrases. Gray has repeatedly cited these “spoofing” incidents as a primary driver of selling pressure, estimating dozens of cases in which victims lost tens of thousands of TXC, which hackers then dumped on exchanges. In the December 23 call, Gray explicitly tied the market downturn to these thefts, stating: “So, it’s got to be a bunch of people, 10, 20, 30, 40, 50,000 coins that bundled together to put this much pressure on the market to liquidate $15 million of TX or we’ve had $15 million worth of hacks, which is probably about the number that people have been hacked.” He further elaborated on the scale, noting examples such as victims losing 50,000 TXC (valued at $250,000 at peak prices) to imposters posing as “Web Telegram Bobby,” and emphasized the heartbreak of such losses amid the project’s otherwise stable trajectory.

Disruption Banking’s November 13, 2025, report detailed a significant security breach that compromised hundreds of wallets, underscoring systemic vulnerabilities in a project that prides itself on decentralization. Despite the scale—potentially $15 million in hacked coins contributing to the crash, I can find no public evidence that Gray or TEXITcoin notified Texas law enforcement or the FBI. Web searches return general FBI warnings about crypto scams (e.g., 69,468 complaints nationwide in 2023 totaling $5.6 billion in losses) and Texas-specific alerts, such as El Paso’s FBI-impersonation schemes or Jasper County’s $25,000 family loss. However, no mentions directly tie TEXITcoin to official probes. Gray hasn’t indicated leading efforts to contact authorities on the victims’ behalf; instead, calls focus on user education (“lock your cold storage”) without coordinated recovery actions.

Historical parallels show that several crypto collapses were initially blamed on external hacks, only to have investigations later reveal internal complicity or outright fraud. For instance, the infamous Mt. Gox exchange in 2014 attributed its downfall to hacks that stole 850,000 BTC. Later revelations showed that CEO Mark Karpeles was involved in data manipulation and embezzlement, leading to his conviction. Similarly, FTX’s 2022 collapse involved a reported $400 million post-bankruptcy ‘hack.’ Still, the core issues stemmed from founder Sam Bankman-Fried’s internal fraud, which led to his conviction on charges including wire fraud and money laundering.

Compounding risks: Users bypassing U.S. bans on international exchanges (e.g., via VPNs to access platforms like Binance, which are restricted for Americans) face severe consequences. While VPN use itself is legal and recommended for identity protection and data security, falsifying KYC or evading sanctions (e.g., OFAC rules) can constitute fraud or money laundering violations under federal law, with penalties including fines, asset forfeiture, or imprisonment. Texas enforces these laws through its Securities Board, which has pioneered crypto enforcement (e.g., early actions against fraudulent firms). VPN circumvention could trigger civil suits from exchanges or SEC probes under the Howey Test if trading is deemed unregistered securities. No TEXITcoin-specific cases emerged in searches, but precedents like Binance’s $4.3 billion settlement highlight the perils.

The Call: A Marathon of Mandates and Defenses

Gray’s December 23 session, a grueling near-three-hour affair from his home, aimed to rally the troops but exposed authoritarian undercurrents. With co-hosts Tim and Rob in tow, Gray recapped risks (invest only what you can lose, crypto’s wild swings) and highlighted milestones: a 6-7x hash power boost in Conroe, 30% hardware acquisition, and Layer 2 pilots (“Downtown Digital Dollars”) for festival fees that generate TXC demand.

The bombshell! A January 10 compensation overhaul that skips “inactive” accounts (no sponsorships in three months) and slashes payouts from 64% to 53% of revenue. Gray framed it as pruning “bloat” from early earners, but his tone hardened: “Bobby’s program. Bobby makes the rules,” he declared, underscoring his unilateral grip. He even floated slashing personal commissions from $6,000 (three enrollments per side at $1,000/point) to $3,000 by halving point values: “One of the things that’s probably going to happen in the future is we’re going to reduce the value of a point for cash potential from $1,000 down to $500. That way, if you sign up three left and three right, you have a $3,000 cash potential instead of a six.” This MLM-inspired tweak—requiring quarterly activity to retain perks—alienates passives while echoing pyramid incentives.

Q&A devolved into defenses of luxury spending amid losses, scam-related blame-shifting, and threats: “If Bobby decides that you are no longer a positive thing for Texcoin, Bobby will unenroll you from the affiliate program.” Such edicts amplify my initial concerns about centralized control and opacity, where dissent risks expulsion.

Gray’s High-Flying Lifestyle: Community Backlash and Dismissive Rebuttals

Amid the call’s tensions, Gray faced pointed criticism for his extravagant lifestyle—private jets, supercars, and lavish events, clashing with the project’s downturn and community losses. One participant, Steven, articulated the discontent: “My only concern is your change in the comp plan… However, the trips and private jets just look bad when sales are down. I love that the minds are coming online, but I think a lot of the negativity decreases if it looks like the top is backing off the perceived spending spree. Any chance of that happening?”

Gray’s response was unyielding, defending his expenditures as earned and aligned with success: “Maybe, maybe not. Look, number one, um everything that we have is very transparent… I really enjoy flying around private, man. I wish everyone got to fly private. It’s very nice… If you guys are not out there selling and earning commission because I’m driving around in a McLaren or flying private to the meeting out in Tampa or in Puerto Rico, then that’s one thing, but I don’t think that’s really at stake right now.” He later escalated, dismissing detractors outright: “If you don’t like the way I spend my money, then you’re on the wrong rocket.”

This exchange underscores a growing rift: While Gray positions these perks as fruits of the project’s labor, critics see them as tone-deaf amid collapsing value and unfulfilled promises. But is it really Gray’s money if the company is collapsing? Whose money will regulators say it is if they come knocking?

The Controversy: Investigative Firestorm and Echoing Alarms

The call’s aftermath has fueled a backlash, spotlighted by Tim Tolka’s December 22 Disruption Banking exposé, “TEXITcoin: Texas’s Burnt Cash.“ Tolka—a Chicago-based investigative journalist with bylines in Mother Jones, The American Prospect, and Business Insider, commands authority through multilingual probes into fintech fraud across the U.S. and Latin America. His piece dissects TXC as a “high-risk MLM-crypto mashup,” citing Gray’s volatility admissions, retroactive comp shifts, and unproven mining as pyramid red flags.

This resonates with Oz at BehindMLM, a decade-long watchdog whose takedowns of OneCoin and TelexFree establish his niche expertise in unmasking schemes. Oz’s December 24 update flags TXC’s site “disablement” and social neglect as collapse harbingers. Similarly, *CoinMLS* (December 23) and *RevealingFraud* deem it a “likely scam,” citing breaches and affiliate fraud ties (e.g., SEC-settled iX Global cases). Social echo chambers on X and Reddit amplify “shitcoin” labels, linking Gray’s “currency obsessions” to legal voids.

My October review—rooted in my MLM/crypto pedigree—mirrored these dynamics, highlighting failures under the Howey/Koscot Test and unverified yields. The SEC settlement in my past (detailed in *BehindMLM*’s “Dooly pimps Zeek Rewards”) underscores my commitment to transparency: I’ve learned from those affiliations and now advocate rigorous due diligence.

Updated Risk Assessment: Escalating Perils, Fading Prospects

Core October warnings endure, now intensified:

Market/Performance: 85% drawdown exposes the fragility of the hype; brief holiday spikes offer false hope.

Leadership: Gray’s “Bobby makes the rules” autocracy heightens opacity, clashing with community ethos.

Operations: Mining gains are a plus, but comp cuts and breaches signal desperation; Layer 2 remains vaporware.

Regulatory: Unregistered model invites FTC/SEC pyramid probes; global risks loom.

Sentiment: Loyalty erodes; investigative heat accelerates exits.

New alarms: Liquidity burnout, phishing fallout, and MLM pivots scream unsustainability. Positives like hash surges pale in comparison to the authoritarian pivot, which could halve commissions to stem bleeding.

In this Post-Trust Era, TEXITcoin’s rebel dream crumbles under self-inflicted wounds. I strongly advise against investing, or at the very least, conduct exhaustive DYOR. Don’t rely solely on company spin, founder assurances, or promoter hype; cross-verify with independent sources. Consult your personal investment advisor, legal counsel, or accountant before making any move. Facts over flair: that’s the real path to protecting your future.

On December 30th, 2025, before the TEXITCoin Miners Call, as posted above, I was interviewed on the Leadership Legacy Radio Show, discussing in part some of the challenges Mr. Gray addressed that evening, as corrected.

Resources and References:

This analysis draws from the following primary and secondary sources (hyperlinked for verification):

Troy Dooly’s October 2025 Risk Assessment:

Tim Tolka, “TEXITcoin: Texas’s Burnt Cash,” Disruption Banking, December 22, 2025 (article archived/searchable on disruptionbanking.com).

BehindMLM updates on TEXITcoin (December 24, 2025, and ongoing coverage): (search “TEXITcoin”).

CoinGecko TXC page: https://www.coingecko.com/en/coins/texitcoin (price, volume, and market cap data accessed December 2025).

CoinMarketCap TXC page: https://coinmarketcap.com/currencies/texitcoin/ (historical data).

U.S. Department of Justice announcements on BitClub Network (2019–2020 convictions): https://www.justice.gov/opa/pr/three-men-plead-guilty-operating-722-million-cryptocurrency-ponzi-scheme

FBI Internet Crime Report 2023: https://www.ic3.gov/Media/PDF/AnnualReport/2023_IC3Report.pdf

FinCEN Bank Secrecy Act guidance: https://www.fincen.gov (search BSA/AML for virtual currency).

Texas Virtual Currency Act (2021): Texas Finance Code Chapter 160.

Always verify sources independently; markets and investigations evolve rapidly.

Here is a little background; from this info, you can decide whether you want to read further! As a Network Marketing Hall of Fame inductee, I bring over 40 years of experience in direct sales, MLM, communications, compensation structures, and emerging technologies. As CEO of Deep South Companies Inc., I specialize in trust-inspired, purpose-driven communication frameworks, neuromarketing, AI-driven compliance, and risk mitigation for Fintech organizations, specifically around blockchain, registries, parametric cell insurance, and Real World Assets (RWAs) ventures. I also craft compliant compensation models for companies like Conklin Company, Promptings (Send Out Cards), Millionaire Man Cave, Isodiol, and others.

In 2023, I contributed to the launch of Flag Blockchain as a former Board Member of Flag Media Group and as its chief compliance officer. In 2024, we transferred that project to Pulse (Parler/Optio parent). I currently advise on AI-driven compliance at Zaivio, collaborating with founder Mike Magolnick. I also work closely with fintech companies presently developing projects in North America, Europe, Asia, and South America. You can find more info on my background at TroyDooly.com.

I also want to disclose that in 2013, I settled SEC allegations under Section 17(b) of the Securities Act for promoting ZeekRewards.com, a $600M Ponzi/pyramid scheme, without disclosing $6,000 monthly compensation from Rex Venture Group, as detailed in BehindMLM’s “Dooly pimps Zeek Rewards, fails to disclose compensation” (2013). I agreed to disgorge $3,000.00, $98.81 in prejudgment interest, and a $3,000.00 civil penalty, with no admission of guilt (SEC Order, September 30, 2013). This was a “pivotal moment” for ethical practices, strengthening my emphasis on transparency.

As a recognized authority and specialized analyst in financial fraud, I’ve studied over 90,000 SEC, CFTC, and FTC case files and studied more than 2,700 hours of fintech fraud-related videos. I served as an expert witness in a high-profile, six-year, $150 million crypto Ponzi/pyramid scheme, fraud, and unregistered securities case, collaborating closely with the legal defense team. Partnering with investigative journalists at Newsweek and Bloomberg, I’ve gained deep insights into the personalities driving some of the most notorious crypto, FOREX, and AI trading scams, particularly those tied to the MLM community.

Executive Summary: TEXITcoin’s High-Risk Profile

Are you considering investing in TEXITcoin (TXC), the Texas-focused cryptocurrency promising passive income through virtual mining seats? With claims of over $100M raised and 40,000+ miners, TXC positions itself as a “Bitcoin redo” for honest trade and Texas independence.

But amid rising scam alerts and regulatory scrutiny, is it worth the risk? In this comprehensive TEXITcoin risk assessment, we break down the business model, tokenomics, affiliate program, and legal compliance, drawing on official sources, third-party analyses, and 2025 market data.

We evaluate TXC against the Howey, Koscot, and Torres Tests, revealing critical flaws: unregistered securities, pyramid scheme traits, and Ponzi-like payout structures. No regulatory filings (SEC, TSSB, TDB) exist, and scam allegations dominate online sentiment. Spoiler: The risks are extremely high—proceed with caution.

TEXITcoin (TXC) Business Model: Strengths and Weaknesses

TEXITcoin operates as a Layer 1 proof-of-work cryptocurrency, forked from Litecoin, with a focus on Texas-based mining to promote financial independence and honest trade. Its business model centers on selling virtual mining seats starting at $995, which fund centralized mining operations and provide buyers with daily TXC payouts for up to 138 years.

The Supernova Club affiliate program drives growth through a binary referral system, offering commissions up to $3,000 weekly per position and bonuses like free seats for referrals. TEXITcoin claims to have raised over $100M, 40,000+ miners, and sponsorships (e.g., the Dallas Stars NHL), but these claims lack independent verification.

A whitepaper (available as PDFs on external sites like Squarespace and Heyzine) outlines the vision but is promotional, lacking technical audits or detailed roadmaps. No Decentralized Autonomous Organization (DAO) governs the project, and no regulatory registrations (e.g., SEC, CFTC, Texas State Securities Board) are evident, flagging it as unregulated.

The model fails the Howey Test, classifying mining seats as unregistered securities, and exhibits pyramid scheme traits under the Koscot Test due to its recruitment-heavy rewards structure. Scam allegations are widespread across reviews, Reddit, X, TikTok, and crypto media, citing hashrate discrepancies, centralization under founder Bobby Gray, and misleading claims. YouTube videos defend legitimacy but fail to address core concerns.

Positives:

• Texas-centric appeal fosters a strong community, with claims of 40,000+ miners and active engagement on social platforms.
• The passive mining model lowers technical barriers for retail participation.

Concerns:

• Crowdsourced funding resembles unregistered crowdfunding, risking violations of the JOBS Act (e.g., no Reg CF disclosures or accredited investor checks).
• Heavy reliance on affiliate referrals signals potential pyramid scheme characteristics, amplified by unverified claims and a lack of transparency.

Risk Factor: High (8/10) – The innovative Texas focus is overshadowed by opaque operations and regulatory red flags, inviting scrutiny from investors and regulators alike.

Related Reading: Best Crypto Mining Investments 202

Definition Section: Key Terms and Phrases for TEXITcoin SuperNova Program

Operational Terms (SuperNova Program and TEXITcoin)

• Affiliate: An individual participating in TEXITcoin’s SuperNova program who promotes the project, recruits new participants, and earns rewards (cash or hash power) based on their team’s purchased seats and activities.
• Compensation Plan (Comp Plan): The SuperNova system outlining how affiliates earn rewards through points from purchased seats, team-building, and recruitment, with weekly caps and point rollovers to ensure sustainability.
• Hash Power: Computational power (measured in megahashes per second, MH/s) allocated to affiliates for mining TEXITcoin (TXC). Each purchased seat provides 100 MH/s, and Passive Rangers may earn additional hash power as a reward.
• Leg: A branch of an affiliate’s downline in the binary MLM structure, consisting of the Power Leg (built by the sponsor or upline) and the Pay Leg (built by the affiliate). Points from both legs contribute to rewards.
• Miner: An individual who purchases mining shares or nodes (seats) to contribute computational power to the TEXITcoin blockchain, earning TXC rewards and/or affiliate commissions through the SuperNova program.
• Mining Share/Seat: A purchasable unit (minimum $1,000, maximum 9 seats or $9,000 per person) that grants 100 MH/s of mining power and counts as one point in the SuperNova compensation plan. Required for affiliate participation.
• Multi-Level Marketing (MLM): A business model where participants earn income by selling products/services (e.g., TXC or mining shares) and recruiting others into a hierarchical team, earning bonuses from downline activity.
• One-Leg Stacking Strategy: A team-building approach where affiliates focus recruitment on their Pay Leg while relying on their sponsor’s efforts for the Power Leg, accelerating point accumulation and rewards.
• Passive Ranger: An affiliate who stops actively recruiting but continues earning rewards from prior team-building efforts, receiving additional hash power instead of cash to boost TXC mining output.
• Points: Units earned in the SuperNova program based on purchased seats (1 seat = 1 point). Points are counted weekly from both legs (up to a 9-point cap per leg) and determine cash or hash power rewards.
• Power Leg: The leg of an affiliate’s binary structure built primarily by their sponsor or upline, contributing points toward rewards without requiring the affiliate’s direct recruitment effort.
• Pay Leg: The leg of an affiliate’s binary structure that the affiliate actively builds by recruiting new Miners and generating points through their seat purchases.
• Rapid Rewards: The SuperNova commission system where affiliates earn cash (Active Rangers) or hash power (Passive Rangers) based on points from team seat purchases, subject to weekly caps and rollovers.
• Roll Over: The process where unpaid points (up to 9 per leg) carry forward indefinitely until cashed out, ensuring affiliates do not lose earned points.
• SuperNova: TEXITcoin’s MLM-based affiliate marketing program, using a binary structure to reward participants for purchasing mining shares and recruiting others to build a sustainable mining network.
• TEXIT Ranger: A milestone status for affiliates with consistent point accumulation and commissions. Active Rangers continue recruiting and earn cash, while Passive Rangers stop recruiting and earn hash power.
• TXC (TEXITcoin): The native cryptocurrency of the TEXITcoin Layer 1 blockchain, inspired by Litecoin, mined by participants and used for transactions within its merchant ecosystem.
• Weekly Cap: A limit of 9 points per leg per week for counting toward rewards, designed to ensure the financial sustainability of the SuperNova program. Excess points may roll over but are not counted beyond the cap.

Regulatory Terms (Federal and State Context)

• Bank Secrecy Act (BSA): A U.S. federal law requiring financial institutions, including money services businesses (MSBs) like cryptocurrency exchangers, to maintain anti-money laundering (AML) programs, conduct know-your-customer (KYC) checks, and report suspicious activities to FinCEN.
• Commodity: Under U.S. law, a cryptocurrency like TXC (if not a security) is classified as a commodity by the Commodity Futures Trading Commission (CFTC), subject to regulation for derivatives, futures, or leveraged trading activities.
• Commodity Futures Trading Commission (CFTC): A federal agency overseeing commodities markets, including cryptocurrencies classified as commodities. It regulates activities like crypto futures or swaps but does not typically require licensing for basic issuance or mining.
• Financial Crimes Enforcement Network (FinCEN): A U.S. Treasury Department bureau that enforces the BSA, requiring money services businesses (e.g., crypto exchangers or administrators like TEXITcoin) to register as MSBs and comply with AML/KYC requirements.
• Howey Test: A legal standard used by the SEC to determine if an asset or scheme (e.g., TEXITcoin’s mining shares or MLM rewards) qualifies as an investment contract (security). It evaluates: (1) investment of money, (2) in a common enterprise, (3) with expectation of profits, (4) from the efforts of others. TEXITcoin’s structure likely meets these criteria.
• Investment Contract: A type of security under U.S. law, often applied to crypto schemes where participants invest money expecting profits from others’ efforts (e.g., TEXITcoin’s mining shares or MLM bonuses). Requires SEC registration or an exemption.
• Koscot Test: A legal framework used by the Federal Trade Commission (FTC) to identify pyramid schemes. It examines whether earnings primarily come from recruitment rather than product sales. TEXITcoin’s heavy reliance on recruitment bonuses risks classification as a pyramid scheme.
• Money Services Business (MSB): A business engaging in activities like currency exchange or transmission (e.g., converting TXC to USDT or fiat), requiring registration with FinCEN and compliance with AML/KYC regulations.
• Money Transmitter License (MTL): A state-level license required in many U.S. states (e.g., Texas, if fiat is involved) for businesses transmitting money or virtual currencies. Texas exempts decentralized crypto transmission but may require an MTL for TEXITcoin’s USDT-to-TXC exchanges.
• Pyramid Scheme: An illegal business model where earnings primarily come from recruiting new participants rather than selling a legitimate product or service. TEXITcoin’s MLM structure, with capped cash rewards and recruitment focus, risks scrutiny under FTC and Texas anti-pyramid laws.
• Securities and Exchange Commission (SEC): A federal agency regulating securities markets. It may classify TEXITcoin’s mining shares or MLM rewards as securities (per the Howey Test), requiring registration (e.g., Form S-1) or exemptions (e.g., Reg D).
• Texas Department of Banking (TDB): The Texas state agency overseeing money services businesses. It requires an MTL for activities involving fiat-to-crypto exchanges but exempts decentralized virtual currency transmission (per 2021 guidance).
• Texas State Securities Board (TSSB): The Texas agency regulating securities offerings. If TEXITcoin’s mining shares or MLM rewards are deemed securities, registration or compliance with Texas securities laws is required.

Does TEXITcoin Pass the Howey Test? Securities Risk Breakdown

The Howey Test determines if a transaction qualifies as an “investment contract” under SEC rules, requiring registration unless exempt. TEXITcoin’s mining seat model appears to fail all four prongs, suggesting it may constitute a potential unregistered security.

DISCLAIMER: Let me be clear: ONLY a regulatory agency or a court of law can determine whether a company or individual is actively participating in the marketing of unregistered securities.

Conclusion: TEXITcoin’s model seems to meet all Howey criteria, classifying mining seats as unregistered securities. No exemptions (e.g., Reg D) are mentioned across platforms, increasing the risk of SEC enforcement actions, such as fines or operational halts.

Positives:

• Limited disclaimers on speculation risks show some awareness of regulatory concerns.
• The model attempts to tie returns to a tangible product (TXC mining output).

Concerns:

• No SEC or TSSB registration, mirroring halted ICOs like BitConnect (TSSB, 2018).
• Promotional hype without compliance disclosures risks misleading investors.

Risk Factor: Extremely High (9/10) – The lack of explanation, such as a Legal Opinion letter or a No-Action Letter from the SEC, as to why no registration is needed, and the passive income structure invites significant SEC scrutiny, potentially leading to severe penalties or shutdowns.

Koscot Test: Pyramid Scheme Red Flags in Supernova Club

The Koscot Test (FTC v. Koscot, 1975) identifies pyramid schemes by assessing if rewards primarily come from recruitment rather than retail sales to ultimate users. The Supernova Club’s binary referral system fails this test, raising significant concerns.

Neora Refinement: In FTC v. Neora LLC (N.D. Texas, 2023), the court refined Koscot, emphasizing operational practices and requiring evidence that rewards are funded by recruitment, not product sales. Neora passed because ~80% of revenues came from preferred customer sales, not incidental purchases. TEXITcoin’s internal seat sales and minimal external TXC use suggest rewards are incidental to participation, failing even Neora’s nuanced test.

Based on the available information I could uncover about TEXITcoin’s affiliate model, it does not appear possible to become a SuperNova affiliate to market TEXITcoin without purchasing nodes. Here’s why:

• SuperNova Affiliate Program Structure: TEXITcoin’s SuperNova affiliate program operates on a multi-level marketing (MLM) model with a binary compensation structure. Participation typically requires purchasing “mining shares” or nodes, with a minimum investment of $1,000 (up to a maximum of $9,000 for nine shares). These shares are tied to earning daily TXC rewards and referral bonuses for recruiting others. Promotional materials and discussions on platforms like Reddit and X emphasize that active participation in the affiliate program requires this buy-in, with no mention of a free or non-investment-based marketing option.
• No Evidence of Non-Investment Affiliate Role: Unlike some MLM programs that offer affiliate-only roles without upfront costs (e.g., commission-based marketing), TEXITcoin’s structure ties marketing and earning potential directly to node ownership or share purchases. The SuperNova program’s focus on recruitment bonuses and mining rewards suggests that all affiliates are expected to invest in the system to access the compensation plan.
• Regulatory Context: As noted in prior articles, MLM crypto programs that require upfront investments for affiliate participation often raise red flags under FTC pyramid scheme rules (per the Koscot Test) and SEC securities laws (per the Howey Test). TEXITcoin’s requirement to purchase nodes aligns with this pattern, reinforcing that marketing without investment is not offered.

If you want to confirm this directly, you could check TEXITcoin’s compensation plan website (texitcoinprice) or contact their support for any updated policies on affiliate participation.

Conclusion: The Supernova Club exhibits pyramid-scheme traits, with rewards tied more to recruitment than to retail TXC sales. The FTC could deem this deceptive under Section 5, risking shutdowns or fines similar to those in the 2019 crypto settlements ($4M+).

Positives:

• Commission caps and ethical training suggest attempts to avoid overt pyramid structures.
• Ties to a mining product provide a nominal retail basis.

Concerns:

• Recruitment-driven rewards mirror FTC-targeted schemes (e.g., 2018 crypto promoters).
• Multi-state pyramid bans (e.g., CA, FL) increase legal exposure, with potential fines of $10K+.

Risk Factor: Extremely High (9/10) – High likelihood of FTC classification as a deceptive pyramid, leading to severe regulatory consequences.

Torres Test: Inherent Fraud in the Affiliate Model

The Torres Test (Torres v. S.G.E. Mgmt., 5th Cir. 2016) refines Koscot for civil RICO claims, defining pyramid schemes as inherently fraudulent if participants pay for (1) product sales rights and (2) recruitment rewards unrelated to ultimate-user sales, concealing inevitable collapse. The Supernova Club fails, signaling significant FTC and RICO risks.

Conclusion: The Supernova Club’s recruitment-driven structure exhibits inherent fraud, enabling RICO class actions without individualized reliance proof. FTC red flags include unsubstantiated earnings claims (e.g., $44K in 7 months on Instagram), mirroring 2019 crypto settlements ($4M+ fines).

Positives:

• Attempts to tie rewards to TXC mining output.
• Commission caps suggest limited growth.

Concerns:

• The recruitment focus masks the collapse risk, while Ponzi-like payouts from new funds continue.
• FTC could target deceptive marketing, especially in Texas’ Fifth Circuit jurisdiction.

Risk Factor: Extremely High (9/10) – Vulnerable to RICO claims and FTC enforcement, with significant legal and financial consequences.

Regulatory Landscape: No Registrations, High Exposure

TEXITcoin lacks registrations with federal agencies (SEC, CFTC, FCA) or state agencies (TSSB, TDB), and operates as an unregulated entity. Its crowdsourced model violates the JOBS Act (e.g., no Reg CF disclosures, no accredited investor checks). Money Transmitter Licenses (MTLs) are required for USDC payouts in Texas (TDB) and 47 other states (e.g., NY BitLicense, CA/IL MTLs), with violations risking fines ($500K+ in NY, $1M+ in CA).

Federal-Level Requirements

At the federal level, no single, comprehensive licensing regime mandates prior approval for all crypto projects like TEXITcoin. However, specific activities trigger registration or compliance:

• Securities and Exchange Commission (SEC): If TXC or mining shares are deemed “investment contracts” (e.g., via the Howey Test—expectation of profits from others’ efforts), they qualify as securities. The MLM referral bonuses and promises of passive mining rewards could constitute unregistered securities offerings, requiring SEC registration (e.g., Form S-1) or an exemption (e.g., Reg D). No evidence suggests TEXITcoin has filed such registrations, and ongoing SEC enforcement (e.g., against similar MLM cryptos like those in the 2023-2025 wave) implies potential violations.
• Commodity Futures Trading Commission (CFTC): TXC, as a non-security digital asset, is likely a commodity. If the project involves derivatives, futures, or leveraged trading, CFTC registration as a Commodity Pool Operator or a similar registration is required. Basic issuance and mining don’t trigger this, but any swaps or margin trading would.
• Financial Crimes Enforcement Network (FinCEN): Under the Bank Secrecy Act, entities that act as “money services businesses” (MSBs)—including exchangers or administrators of convertible virtual currency—must register with FinCEN as MSBs and implement AML/KYC programs. TEXITcoin’s sales of TXC for USDT and merchant network facilitation likely qualify it as an exchanger, requiring MSB registration (free, but with ongoing reporting). No public FinCEN records confirm compliance.
• Other: IRS treats crypto as property (no license required for issuance), but sales trigger reporting requirements. No federal “crypto license” exists, but non-compliance risks enforcement actions.

State-Level Requirements (Focus on Texas)

Crypto regulation is primarily state-driven for money transmission, with Texas being moderately permissive but still requiring licenses for certain activities:

• Texas Department of Banking (TDB): Texas does not require a money transmitter license (MTL) for transmitting decentralized virtual currencies like TXC alone (per 2021 guidance). However:
  • Exchanging TXC for fiat (e.g., via USDT on-ramps) or custodial services would trigger an MTL under the Texas Money Services Act (Tex. Fin. Code § 151).
  • If mining shares or TXC sales are securities, registration with the Texas State Securities Board (TSSB) is mandatory.
  • The MLM structure could fall under Texas anti-pyramid laws (Bus. & Com. Code § 17.46), requiring no license but risking civil penalties if recruitment dominates over product value.
• Other States: If TEXITcoin operates or solicits nationwide (e.g., via online sales), MTLs are required in ~40 states (e.g., New York BitLicense for virtual currency businesses; California’s Money Transmission Act). Wyoming and Florida offer sandboxes exempting early-stage projects, but Texas lacks one. Non-compliance in states like Louisiana (Virtual Currency Business License) could halt operations.

No public records (as of October 2025) show TEXITcoin holding required licenses, and its MLM/crowdfunding elements have drawn scam allegations on platforms like Reddit, potentially inviting TSSB or SEC scrutiny.

Based on my understanding of the reviewed information, I believe there may be regulatory agencies that may expect and require TEXITcoin to register for licenses or approvals to fully operate its model legally:

• Federal: FinCEN MSB registration (mandatory for exchange activities); SEC registration if securities (highly likely due to MLM and shares).
• State (Texas): TDB MTL if fiat exchanges occur; TSSB for securities.

Without these, the project risks cease-and-desist orders, fines, or shutdowns (e.g., similar to SEC v. BitConnect). I recommend consulting legal experts or checking official databases (e.g., SEC EDGAR, FinCEN MSB list) for updates, as crypto enforcement evolves rapidly. If you provide more details on specific operations, I can refine this analysis.

Positives:

• Texas’s crypto-friendly stance (e.g., 2025 Bitcoin Reserve) provides a favorable backdrop.

Concerns:

• No SEC/TSSB filings despite securities-like features, mirroring halted ICOs (TSSB, 2018).
• Nationwide MTL non-compliance and pyramid bans (e.g., FL, IL class actions, $4M settlements) amplify exposure.

Risk Factor: Critical (9/10) – High risk of federal and multi-state enforcement, including fines and shutdowns.

Reputation Consensus: Scam Warnings Dominate

A 2025 search across mainstream news (Bloomberg, Reuters), crypto media (CoinDesk, CoinTelegraph, CryptoSlate), PR outlets (PRNewswire), and social platforms (Reddit, X, TikTok, Facebook, Bitcointalk) reveals a predominantly negative consensus on TEXITcoin’s reputation.

Crypto media like Disruption Banking (September 2, 2025) notes its Texas focus but questions its sustainability. Reddit (r/CryptoScams, r/theticket) and X posts (e.g., Peter Spina’s “scam” alerts) label it a “pump-and-dump” or “MLM pyramid.”

BehindMLM (August 2025) calls it “TXC mining investment fraud,” citing pyramid-like traits and unverified hashrate claims.

CoinMLS (Medium, September 2025) and TradersUnion flag billion-dollar pump concerns.

Positive sentiment is limited to official channels (X, Instagram, YouTube), praising payouts and community (40K+ miners). No mainstream news coverage; CoinMarketCap lists low volume ($201K). Over 80% negative sentiment dominates.

Positives:

• Official channels highlight community engagement and some user payout testimonials.
• Texas pride resonates with niche patriotic audiences.

Concerns:

• Widespread allegations of scams across forums and crypto media erode trust.
• Lack of audits and mainstream validation fuels skepticism.

Risk Factor: High (8/10) – Negative consensus significantly undermines investor confidence, increasing risk.

Overall Risks and Mitigation

Identified Risks

I believe TEXITcoin may face significant legal and regulatory risks due to its unregistered status and potential status as a security under the Howey Test. Due to these investment-like features and its lack of SEC or Texas State Securities Board (TSSB) filings, this exposes it to potential fines, operational halts, or shutdowns, similar to past crypto enforcement actions like BitConnect (TSSB, 2018).

The Supernova Club’s recruitment-driven model, in my opinion, fails both the Koscot and Torres Tests, signaling pyramid and Ponzi traits, with rewards funded by new entrants rather than retail sales, risking FTC action under Section 5 for deceptive practices. Financial volatility is high, with hype-driven pricing (e.g., $5.30 peak, 3,333% growth claims) and no intrinsic value to back it, making it vulnerable to collapse if recruitment slows.

Operationally, heavy centralization under founder Bobby Gray and the absence of independent audits raise concerns about mismanagement and transparency, with no DAO or community oversight. Reputationally, over 80% of online sentiment—spanning Reddit, X, TikTok, and crypto media—labels TXC a scam, severely eroding trust and increasing investor caution.

1. Legal/Regulatory (Critical): Unregistered securities; JOBS Act and MTL non-compliance in Texas and 47 states (e.g., NY BitLicense, CA fines $1M+).
2. Financial (High): Speculative pricing; Ponzi-like reliance on new funds.
3. Operational (High): Centralized control; no audits or DAO governance.
4. Reputation (High): Dominant scam allegations across platforms.

Positives:

• The Texas-centric narrative and community engagement appeal to patriotic investors.
• The passive mining model lowers technical barriers for retail participation.

Concerns:

• Failure to comply with the Howey, Koscot, and Torres Tests signals high legal exposure.
• Lack of transparency, unverified claims, and negative sentiment heighten the risk of collapse.

Risk Factor: Extremely High (9/10) – Avoid investment due to significant fraud indicators and regulatory vulnerabilities.

Mitigation Strategies

To navigate TEXITcoin’s risks, thorough due diligence is essential. Verify claims using blockchain explorers, regulatory databases (TSSB, SEC), and independent audits—none of which are currently available for TXC, a major red flag. Limit financial exposure to disposable funds to avoid losses from volatility or potential collapse, steering clear of FOMO-driven decisions fueled by promotional hype on YouTube or texitcoinprice.com.

Consult a Texas securities lawyer or crypto expert to assess compliance with securities, MLM, and money transmitter laws, especially given multi-state risks (e.g., NY, CA regulations). Monitor FTC alerts and social platforms (Reddit, X) for scam updates or enforcement actions, as negative sentiment dominates. Diversify investments with established cryptocurrencies like Bitcoin or Ethereum to balance risk, and set clear exit strategies, watching for signs of founder-led dumping or market saturation.

• DYOR: Verify claims via TSSB/SEC databases and blockchain explorers.
• Limit Exposure: Invest only what you can afford to lose entirely.
• Consult Experts: Engage a Texas securities lawyer or crypto advisor.
• Monitor: Track FTC alerts and social sentiment on Reddit/X.
• Diversify: Balance with established assets like BTC/ETH.

Disclaimer

Neither Troy Dooly nor TalkGigs.News has been paid for this TEXITcoin review. These are our independent opinions, based solely on evidence uncovered from the cited sources. We are committed to accuracy and will make corrections if new, credible evidence is presented. This is not financial advice; always conduct your own research before investing.

TalkGigs.News Disclaimer: This is not financial advice. Conduct your own research. Contact Us for custom analyses.

References

[0] TEXITcoin – https://texitcoin.org/

[1] Discover TEXITcoin – https://texitcoin.org/Discover-TEXITcoin.html

[2] The TEXITcoin Mission – https://texitcoin.org/The-TEXITcoin-Mission.html

[3] Privacy Policy – https://texitcoin.org/Privacy-Policy.html

[4] Tokenomics – https://texitcoin.org/Tokenomics.html

[5] News and Updates – https://texitcoin.org/News-and-Updates.html

[6] Rough TEXITcoin Presentation – https://texitcoin.org/news/Rough-TEXITcoin-Presentation.html

[7] A Second Chance for Crypto – https://texitcoin.org/news/A-Second-Chance-for-Crypto.html

[8] TEXITcoin X Profile – https://x.com/TEXITcoin

[9] TEXITcoin Instagram – https://www.instagram.com/texitcoin/

[10] TEXITcoin Facebook – https://www.facebook.com/p/TEXITcoin-61559875176657/

[11] X Posts from @TEXITcoin – Various, October 2025

[12] Texit Coin – YouTube Official Channel – https://www.youtube.com/@TexitCoin

[13] Texit: TXC Crypto Coin Playlist – https://www.youtube.com/playlist?list=PLA63YeQ7gKG08YSxyFrlkUI2c9ctQhWwy

[14] Bobby Gray – TEXITcoin: the Future of Money in Texas – https://www.youtube.com/watch?v=1cl6xcDVS9M

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[31] How to Buy Wrapped TXC (wTXC) on Uniswap – https://help.minetxc.com/how-to-buy-wrapped-txc-wtxc-on-uniswap-and-convert-it-back-to-txc/

[32] Mini DOGE 3 Setup Guide | mineTXC Help Center – https://help.minetxc.com/mini-doge-3-setup-guide/

[33] Jumpstart Our Business Startups (JOBS) Act – SEC.gov – https://www.sec.gov/about/divisions-offices/division-corporation-finance/jumpstart-our-business-startups-jobs-act

[34] Regulation Crowdfunding – SEC.gov – https://www.sec.gov/education/smallbusiness/exemptofferings/regcrowdfunding

[35] Texit Coin – Build Legacy Wealth Through Crypto Mining – https://texitcoinprice.com/

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[38] State-Level Developments: The Regulatory Landscape for Digital … – https://www.paulhastings.com/insights/crypto-policy-tracker/state-level-developments-the-regulatory-landscape-for-digital-assets

[39] 50-State Review of Cryptocurrency and Blockchain Regulation – https://stevenscenter.wharton.upenn.edu/publications-50-state-review/

[40] Cryptocurrency Regulations by State – Surety Bond Professionals – https://www.suretybondprofessionals.com/cryptocurrency-regulations-by-state/

[41] Money Transmitter Licensing Guide For Fintech Startups – https://cornerstonelicensing.com/resources/money-transmitter-licensing-guide-for-fintech-startups/

[42] Cryptocurrency Laws and Regulations by State – Bloomberg Law – https://pro.bloomberglaw.com/practice-areas/technology/cryptocurrency-laws-and-regulations-by-state/

[43] [PDF] 50-STATE SURVEY: Money Transmitter Licensing Requirements … – https://abnk.assembly.ca.gov/sites/abnk.assembly.ca.gov/files/50%2520State%2520Survey%2520-%2520MTL%2520Licensing%2520Requirements%2872986803_4%29.pdf

[44] Virtual Currency Guidance | Texas Department of Banking – https://www.dob.texas.gov/consumer-information/virtual-currency-guidance

[45] US Crypto Regulation: Federal and State Guidelines – https://www.innreg.com/blog/us-crypto-regulation

[46] Multi-Level Marketing Businesses and Pyramid Schemes – https://consumer.ftc.gov/multi-level-marketing-businesses-pyramid-schemes

[47] Unpacking The Latest FTC Guidance On Multilevel Marketing – https://www.edgewortheconomics.com/insight-unpacking-latest-FTC-guidance-MLM

[48] [PDF] Earnings Claim Rule Regarding Multi-Level Marketing (Additional … – https://www.ftc.gov/system/files/ftc_gov/pdf/r111003earningclaimsanprm01132025.pdf

[49] FTC Continues to Target MLMs and Other “Money-Making … – https://federal-lawyer.com/ftc-continues-to-target-mlms-and-other-money-making-opportunity-sellers/

[50] [PDF] Earnings Claim Rule: Notice of Proposed Rulemaking – https://www.ftc.gov/system/files/ftc_gov/pdf/r111003earningclaimsnprm01132025.pdf

[51] [PDF] Introduction – Regulations.gov – https://downloads.regulations.gov/FTC-2022-0020-1281/attachment_1.pdf

[52] Investor Alert: Beware of Pyramid Schemes Posing as Multi-Level … – https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-alerts/investor-30

[53] Multi-Level Marketing and Pyramid Schemes | Practical Law – Westlaw – https://content.next.westlaw.com/practice-areas/technology/multi-level-marketing-and-pyramid-schemes?viewType=FullText&transitionType=Default&contextData=%28sc.Default%29

[54] [PDF] Business Guidance Concerning Multi-Level Marketing – http://business.cch.com/ald/BusinessGuidanceConcerningMulti.pdf

[55] Federal Prosecution Cautions Crypto Industry on State Money … – https://www.manatt.com/insights/newsletters/client-alert/federal-prosecution-cautions-crypto-industry-on-state-money-transmitter-laws

[56] Citing potential for fraud, blue and red states pass new crypto ATM … – https://stateline.org/2025/07/28/citing-potential-for-fraud-blue-and-red-states-pass-new-crypto-atm-laws/

[57] Cryptocurrency Laws and Money Transmitter Regulation for … – https://www.innreg.com/blog/crypto-and-money-transmitter-law

[58] Blockchain & Cryptocurrency Laws & Regulations 2026 | USA – https://www.globallegalinsights.com/practice-areas/blockchain-cryptocurrency-laws-and-regulations/usa/

[59] FINRA Provides Update on Targeted Exam: Crypto Asset … – https://www.finra.org/rules-guidance/guidance/targeted-examination-letters/sweep-update-jan2024

[60] 50-State Review of Cryptocurrency and Blockchain Regulation – https://stevenscenter.wharton.upenn.edu/publications-50-state-review/

[61] Alert on Cryptocurrency Money Services Businesses – https://www.ic3.gov/PSA/2024/PSA240425

[62] Failure to Register Money Transmitter Status in Crypto Deals – https://aaronhall.com/failure-to-register-money-transmitter-status-in-crypto-deals/

[63] Recent Developments Raise Significant Questions about the Future … – https://www.moneylaunderingnews.com/2025/03/recent-developments-raise-significant-questions-about-the-future-of-regulation-and-enforcement-of-cryptocurrency/

[64] NYDFS Enters Multistate Agreement with Money Transmitter – https://natlawreview.com/article/nydfs-and-other-state-regulators-impose-42-million-penalty-money-transmitter

[65] Howey Test and Cryptocurrency: Understanding Investment Contracts – https://www.investopedia.com/terms/h/howey-test.asp

[66] [PDF] Framework for “Investment Contract” Analysis of Digital Assets – https://www.sec.gov/files/dlt-framework.pdf

[67] Legal Environment of Crypto and Fraud Cases Study Guide | Quizlet – https://quizlet.com/study-guides/legal-environment-of-crypto-and-fraud-cases-7dbd083b-0470-4b95-8715-d3e40d810269

[68] A Regulatory Classification of Digital Assets – https://corpgov.law.harvard.edu/2019/01/09/a-regulatory-classification-of-digital-assets/

[69] Framework for Securities Regulation of Cryptocurrencies – Coin Center – https://www.coincenter.org/framework-for-securities-regulation-of-cryptocurrencies/

[70] Crypto Asset Regulation in the United States – Dentons – https://www.dentons.com/en/insights/alerts/2021/august/18/crypto-asset-regulation-in-the-united-states-what-where-when

[71] The Howey Test: Is Your Crypto Token a Security? – https://gordonlaw.com/learn/howey-test-is-your-token-security/

[72] Introduction to Cryptocurrency – Congress.gov – https://www.congress.gov/crs-product/IF12405

[73] The Howey Test: Regulating the Blockchain Tokens – LeewayHertz – https://www.leewayhertz.com/howey-test/

[74] SEC Crypto Regulations: What Financial Advisors Need to Know – https://www.investopedia.com/crypto-regulations-for-financial-advisors-8402046

[75] Meet Troy Dooly – The Beachside CEO – https://troydooly.com/meet-troy-dooly-the-beachside-ceo/

[76] About Zaivio – https://www.zaivio.com/about

[77] SEC Litigation Release No. 22831 / September 30, 2013 – https://www.sec.gov/litigation/litreleases/2013/lr22831.htm

[78] Dooly pimps Zeek Rewards, fails to disclose compensation – BehindMLM – https://behindmlm.com/companies/dooly-pimps-zeek-rewards-fails-to-disclose-compensation/

Ray Faltinsky’s Roots in Direct Sales

Ray Faltinsky’s career in direct sales began prominently with FreeLife International, co-founded with Kevin Fournier in the mid-1990s. The company focused on wellness products, including the popular Himalayan Goji Juice, and generated over a billion dollars in cumulative sales. Faltinsky’s Yale Law degree equipped him to navigate regulatory challenges adeptly, helping FreeLife avoid major pitfalls in an industry prone to scrutiny.

However, in 2009, FreeLife faced a class-action lawsuit alleging false advertising and overpromoted claims related to products like Goji Juice and TaiSlim, particularly around health benefits and income potential. Importantly, the suit focused on misleading claims rather than fraud, and FreeLife severed ties with spokesperson Earl Mindell amid the controversy. By 2017-2018, Faltinsky and Fournier sold FreeLife to Youngevity, which acquired its juice and cosmetics lines. Faltinsky then took time off before venturing into direct-to-consumer models.

During this period, he explored energy drinks and health products sold via platforms like Amazon and Walmart.com, emphasizing influencer marketing to reduce compliance overhead and cut costs associated with traditional MLM structures. This shift highlighted a focus on clean, sugar-free formulations to combat obesity, though some products faced criticism for high caffeine content amid the rise of healthier alternatives like Verve.

The Birth and Model of Beyond Slim

Launched around 2020-2022, Beyond Slim emerged from Faltinsky’s mission-driven vision to address wellness challenges, particularly weight management, through products like the science-backed ZipSlim drink mix. The company trademarked “Social Referral Marketing,” a hybrid retail model blending social selling with network elements, prioritizing front-end commissions for reps over deep team-building. This approach echoed early direct sales models from companies like Amway and Tupperware, where most earnings came from personal sales rather than recruitment.

Designed to sidestep regulatory risks—such as FTC penalties for overpromising income or product claims—Beyond Slim emphasized customer-focused retail and influencer-driven sales. Post-COVID, amid heightened scrutiny on MLMs, the model aimed for sustainability by rewarding part-timers and focusing on genuine product referrals. Early growth was strong, with double-digit monthly increases and a emphasis on metabolic health via programs like the “9 Reboot Rituals.”

Industry Shifts and Beyond Slim’s Recent Change

The direct sales industry has evolved significantly over the past decade, influenced by regulatory actions and consumer trends. The 2019 FTC settlement with AdvoCare, which banned the company from MLM after alleging a pyramid scheme, revealed through forensic accounting that retail-focused models could match network marketing profits while prioritizing sales over recruitment. AdvoCare shifted to direct-to-consumer, becoming a major TikTok advertiser with clean products used by athletes. Many traditional MLMs have since adopted hybrid or e-commerce strategies, gating brands on sites like Amazon to capture retail sales while funding conventions.

Beyond Slim’s initial hybrid approach didn’t achieve the explosive geometric growth from big MLM leaders. Recent news indicates a pivot to a traditional affiliate model, where affiliates earn commissions by sharing links for retail and repeat sales, with no fees or applications required. This mirrors Faltinsky’s earlier direct-to-consumer energy drink efforts, suggesting a return to roots amid economic decisions. No lawsuits or regulatory investigations appear tied to this change, pointing to a strategic adjustment for sustainability.

Industry-wide, achieving a strong customer-to-rep ratio (e.g., 3:1 or higher) is key, as most participants are consumers or part-timers focused on discounts rather than teams. Shifts like those at Modere and Rodan + Fields show companies adapting to balance growth and compliance. Direct sales isn’t dying but undergoing systematic changes every 20-25 years—from door-to-door to tech-driven replicated websites.

Implications for the Field and Future Outlook

This pivot may impact professional networkers building deep organizations, but most Beyond Slim participants—primarily customers or retail-focused reps—likely remain unaffected. With policies often requiring 30-day notices, the field response will reveal more. Faltinsky’s legal expertise and tenure position him to prioritize company legacy, though it underscores the need for reps to monitor corporate health.

As founders adapt to regulatory and market pressures, due diligence on leadership history can illuminate paths forward. We’ll continue tracking this story—DM tips to stay informed. Live well and finish strong.

Source Links

https://beyondslim.com/opportunity/affiliate-program/https://www.businessforhome.org/2023/04/beyond-slim-founder-ray-faltinsky-interview/https://en.wikipedia.org/wiki/FreeLifehttps://www.ftc.gov/business-guidance/blog/2019/10/ftc-settlement-ends-advocares-alleged-pyramid-scheme-bans-defendants-multi-level-marketinghttps://www.thompsonburton.comhttps://beyondslim.com/https://www.businessforhome.org/2023/01/industry-leader-ray-faltinsky-launches-beyond-slim/

Troy Dooly, the Beachside CEO and Editor of TalkGigs.News, broke it all down in a recent video. He’s known Underwood and Rutherford for nearly 20 years. Pruvit has been a client of his firm, too. Dooly calls it a classic case of miscommunication and lost trust. “This is exactly what happened,” he says. “Everything’s going great. You’ve got this giant team, and all of a sudden, it unravels.”

From Partners to Courtroom Foes

Rutherford was one of Pruvit’s originals—an “OG” as Dooly puts it. He and Underwood, the CEO, were best friends. They’d built businesses together through ups and downs. Pruvit, a network marketing company, gave Underwood a sweet deal: 25% of all revenue from the main account went straight to him.

Trouble brewed in July 2023. A dispute sparked lawsuits in Texas and Nevada. They settled quickly with a written deal. Rutherford agreed to step back—no more public talk, promotions, or social media posts about Pruvit. He had to unfriend non-personal recruits. In return, Pruvit promised to protect his downline (the team he built). No sneaky moves to shift people and cut his pay. His earnings were capped at $100,000 a month, with Underwood taking his 25% cut.

The deal also included a two-year no-solicit rule, confidentiality, and no bad-mouthing each other. There was even a “notice and cure” step—if someone slipped up, they’d get a warning to fix it.

But things fell apart fast. Rutherford said Pruvit broke the rules by tweaking the pay plan to slash his checks, letting his team leave, holding back payments without notice, and shutting down his account. Pruvit fired back, claiming Rutherford broke social media rules. The fight landed in court in February 2025 before Judge Rodney Mazant in Texas’s Eastern District.

The Judge’s Big Call

The court sided with Rutherford. By a “preponderance of proof,” Pruvit breached the deal. Key issues? They skipped commission payments, including bonuses from the ownership pool. Accounting was a mess—Rutherford had to beg for updates since he was cut off from the company. They axed his account without cause or the required warning period.

Pruvit’s claims against Rutherford? No solid proof. Their gripes about social media posts were “unsubstantiated or misinterpreted,” the judge ruled. Underwood wasn’t on the hook personally beyond his 25% share.

Rutherford showed real losses using records from iPayout, a payment service many MLMs use. The court awarded him $235,166 in damages, plus lawyer fees, post-judgment interest, and an order to restart his commissions through July 2026. Other claims, like fraud, weren’t tackled since they didn’t go to trial.

Dooly notes a twist: Pruvit’s lawyers drafted the deal, but left it fuzzy on purpose. “Legal teams write this in ambiguous language,” he says. “They made it so they could argue in court.” This time, it backfired. Courts are getting stricter on vague terms.

Lessons for MLM Bosses and Reps

This saga isn’t just gossip—it’s a wake-up call. Dooly has advice for company leaders:

• Write Clear Deals: Skip the wiggle room. Use simple, trust-based language. Define commissions, downlines, and payments upfront. “You’ve got to have clear terms to avoid all this,” Dooly warns.
• Follow the Rules: Stick to notice-and-cure steps. Don’t change pay plans on locked-out reps and expect them to hit new goals.
• Document Everything: Back up violations with hard evidence, not hunches. Reps are teaming up with law firms now, ready to fight back.

For distributors like Rutherford:

• Track Your Money: Check commissions often. Know your numbers cold.
• Stick to the Deal: Follow non-solicit rules to the letter. Dooly shares a tip: If you’re leaving a company, start fresh on social media. Block or unfriend as required—words like “unfriend” vs. “block” matter in court.

He points to a growing trend: More balance in MLM, like franchises or licenses, where both sides win. “Don’t let emotions cloud one-sided terms,” Dooly says. “Think about your rep and the company’s future.”

A Friendship’s Bitter End—and a Path Forward

At its core, this was about two friends hit by life’s storms. “Poor communication and broken trust,” Dooly sums up. “Just like in every relationship, if there’s a break, it’s tough to get it back.”

He urges everyone to build with purpose: Honest talk, walked-out values, no hypocrisy. Want to avoid the drama? Reach out for help, he says. His team keeps clients lawsuit-free and rep-happy.

The full 34-page settlement is public now. Dive in if you’re in compliance or legal. For the rest of us in network marketing? Act like it—build strong, stay true, and finish strong.

This story draws from Troy Dooly’s video analysis. TalkGigs.News will share the settlement docs soon for deeper reading.

A Trailblazer in Direct Selling

Robert Oblon’s journey began in the mid-1990s, when the direct selling industry was undergoing a digital transformation. As a skilled web designer and developer, he recognized the potential of online platforms to revolutionize marketing and sales. His personal website highlights collaborations with industry giants like Les Brown, a world-renowned motivational speaker, Larry Thompson, a direct selling legend, John Fleming, a respected publisher and coach, and Laura Harte, known as the “MLM Wonder Woman.” These partnerships reflect his commitment to excellence and mentorship.

Oblon’s most notable achievements include founding and leading two major direct selling companies, which collectively generated over $2 billion in revenue. Beyond business development, he has excelled as a creative force, becoming one of the industry’s top video writers, directors, and producers for marketing content. Since 2012, he has consulted for direct selling companies and entrepreneurs worldwide, offering expertise in business strategy, brand development, and growth acceleration. As Oblon collaborates with Gara, leading the marketing and events teams at Velovita, his personal vision as the founder of RockitGig is still front and center in his journey.

Robert Oblon’s Vision for RockitGig.com: Empowering the Future of Health-Focused Side Gigs

The genesis of RockitGig.com lies in Oblon’s desire to create a platform that is both accessible and transformative. Launched in 2024, RockitGig.com operates as a side gig platform that emphasizes flexibility, allowing users to earn income through a unique “lanes” system. This system enables participants to share personalized health and wellness products, focusing on DNA and gut health, and earn through multiple streams. Unlike traditional multi-level marketing (MLM) models, RockitGig.com prioritizes simplicity and user empowerment, reflecting Oblon’s belief that everyone deserves a chance to thrive without the complexity often associated with direct selling.

RockitGig.com is more than a business for Oblon; it’s a culmination of his decades-long pursuit to create meaningful opportunities. By focusing on health and wellness, he taps into a growing global demand for products that enhance quality of life. The platform’s emphasis on DNA and gut health reflects Oblon’s forward-thinking approach, aligning with scientific advancements in nutrition. His passion for innovation is matched by his commitment to community, fostering a network where participants feel valued and supported.

As RockitGig.com continues to grow, Oblon’s vision remains clear: to empower individuals to “rock their gig” with confidence and purpose. By combining his marketing expertise, entrepreneurial spirit, and dedication to wellness, Oblon is poised to make RockitGig.com a leader in the evolving gig economy. The platform serves as a beacon for those seeking flexible, impactful work, demonstrating that Oblon’s passion for helping others succeed remains as strong as ever.

Leading Velovita’s Global Vision

In September 2025, Oblon joined Velovita, a company founded by Kosta Gara, as its CMO. Velovita aims to redefine direct selling by prioritizing revenue creators and offering flexible, secure side gigs with global reach. The company’s mission is to become the most loved in its industry, fostering deep connections through innovative products, a rewarding compensation plan, and exceptional service. Velovita’s vision emphasizes lifelong belonging, integrity, and excellence, with products designed to nourish mindset and health.

As CMO, Oblon drives global marketing initiatives, enhancing Velovita’s brand presence and market strategy. He works alongside a talented leadership team, including Gara as CEO, Alejandro Diaz as CTO, and Jennifer Luce as COO. The company’s Scientific Advisory Board, featuring experts like Nathan Newman, M.D., and Vincent Giampapa, M.D., ensures cutting-edge product development. Velovita’s products align with its “Velocity of Life” ethos, empowering users to maximize their potential through community and passion.

Connections to Gara Group

Kosta Gara’s influence extends to the Gara Group, which recently celebrated its 10th anniversary of growth and innovation. While specific details on Gara Group’s services are broad, its connection to Gara suggests a role in supporting direct selling ventures, possibly through advisory or operational frameworks. This synergy likely bolsters companies like Velovita, amplifying their impact in the industry.

Integrity and Friendship: Insights from Troy Dooly

What sets Oblon apart is not just his professional success but his personal integrity, as highlighted by Troy Dooly, a respected figure in network marketing and editor of TalkGigs.News. Known as the “Beachside CEO,” Dooly is a mentor, speaker, and co-founder of Deep South Companies Inc., a global advisory agency focused on trust-inspired communication. His decades-long friendship with Oblon offers a glimpse into the man behind the achievements.

Robert and I go back decades, most of what we have done professionally together has been from friendship. I have been there through thick and thin, just as a friend. I was once asked if I could nail down one reason I have stood by Robert, without a business arrangement. Simple, good or bad, he has never lied to me! He tells me the situation, never sugarcoating or deflecting on someone else. That is a rare trait these days,” Dooly shares.

He adds, Robert married a dear friend, Laura Heart a few years ago. That marriage hasn’t just been personal; it’s also in business. They make an excellent business team as well.

A Legacy of Impact and Inspiration

Robert Oblon’s story embodies the essence of direct selling: building authentic relationships while driving innovation. For entrepreneurs exploring opportunities in the industry, Velovita, under Oblon’s leadership, offers a platform with global reach, innovative tools, and a community-focused approach. His track record, coupled with endorsements from figures like Dooly, underscores the positive potential of network marketing.

As the industry evolves, leaders like Oblon and Gara continue to redefine success through integrity and vision. Whether through Velovita’s mission-driven products or Gara Group’s innovative support, Oblon’s contributions ensure direct selling remains a vibrant avenue for prosperity. For those researching Robert Oblon’s career or Velovita’s vision, his legacy inspires a new generation to pursue happiness and success in network marketing.

GOGOStix, a brand under goDesana, proudly announces the launch of its innovative line of pocket-sized aromatherapy inhalers, designed to deliver fast, natural relief for mood, focus, energy, and overall well-being. Hand-formulated with pure, therapeutic-grade essential oils by master formulator Alexandria Brighton, GOGOStix offers a convenient, plant-powered solution for modern lifestyles, available now at gogostix.com.

Elevating Daily Wellness with One Breath

GOGOStix redefines aromatherapy with its compact, portable inhalers that provide instant results through inhalation—the fastest way to deliver essential oils to the nervous system and brain. Each blend is purpose-built to address specific needs, from stress relief and sinus support to boosting focus and curbing cravings. With offerings like the Signature Craving Crusher, GOGO Blends, and GOGO Singles (featuring sacred oils like Frankincense, Myrrh, and Spikenard), GOGOStix empowers users to navigate life’s challenges naturally.

“GOGOStix is about making wellness accessible, instant, and effective,” said Alexandria Brighton, master formulator. “Whether you’re tackling a stressful workday, fighting fatigue, or seeking relief from allergies, our inhalers put plant-powered support right in your pocket.”

Key Benefits for Everyday Life

GOGOStix inhalers are designed for portability, slipping easily into a pocket or bag for use at work, during travel, or on the go. Key benefits include:

• Natural Airway Support: Essential oils with decongestant properties open airways for effortless breathing.
• Seasonal Allergy Relief: Potent formulations reduce nasal congestion during allergy seasons.
• Mood Enhancement: Soothes the mind, reduces anxiety, and promotes relaxation.
• Stress Relief: Calms tension, encouraging deep, nourishing breaths.
• Improved Focus: Enhances awareness of breathing patterns for better mental clarity.
• Lung Function Support: Stimulates the respiratory system for enhanced efficience

A Movement for Better Breathing

Backed by goDesana’s 14+ years of wellness expertise, GOGOStix invites users to join the movement to “Breathe Better. Feel Better.” The product line includes targeted blends like Allergy Relief, Focus Fuel, Mood Boost, and Migraine Ease, alongside the Complete Wellness Kit ($119.95), which unites 10 expertly crafted inhalers for comprehensive mind-body support.

Availability and Pricing

GOGOStix is available for purchase at gogostix.com with flat-rate worldwide shipping at $5.95. Individual inhalers retail for $12.95, with curated kits like the All-Stars Kit ($59.95) and Sacred Aromas Kit ($32.00) offering bundled savings.

About GOGOStix and goDesana

GOGOStix, a division of Green Organics, LLC, is headquartered at 754 Cincinnati-Batavia Pike, Suite A, Cincinnati, OH 45245. goDesana, with over a decade of leadership in essential oil wellness, brings unparalleled expertise to every GOGOStix product. For more information, contact support@godesana.com or visit gogostix.com.

Media Contact:
Green Organics, LLC
Website: gogostix.com

Breathe Better. Feel Better. Twist. Breathe. GOGO.

Disclaimer: The content and products of GOGOStix are not intended to diagnose, treat, cure, or prevent any disease. Consult a healthcare provider for medical guidance.

Who Is Behind BehindMLM.com? Unmasking the Founders and Operators

BehindMLM.com kicked off in 2009 and is all about shining a light on shady MLM schemes, Ponzi schemes, and pyramid scams. The site is run by someone going by the name “Oz,” which is a pseudonym. Oz believes that staying anonymous is key to avoiding legal issues from upset MLM companies, so the focus can stay on the facts instead of personal digs.

It looks like investigations and reports are pointing to Klaus Bardenhagen as the person behind the “Oz” alias. He’s a German freelance reporter originally from Ebersdorf, Germany, but now lives in Taipei, Taiwan. Several sources have connected him to the site. Some critics are calling him out for using the platform to spread harmful content, even going so far as to label him a “scammer and extortionist.”

Another name that pops up a lot is Michael Turton, who’s said to be involved as a contributor or collaborator. People in various forums and reports describe him as part of an anti-MLM network, and there are some unconfirmed claims that connect him to places like Cincinnati, Ohio. The site’s domain registration is kept private, which is pretty common for anonymous blogs, but this secrecy definitely raises some eyebrows.

Additional contributors are users like K. Chang, M_Norway, Hoss, and Zoe, who join in on comments and discussions. It looks like the funding is self-sustained through ads, and there’s no hint of any ties to MLM companies.

For anyone looking into the identity of the BehindMLM founder, these new insights mix journalistic curiosity with some controversy, sparking questions about how accountable people should be when exposing MLM scams.

BehindMLM Bias: A One-Sided War on MLMs?

A lot of people are curious about whether BehindMLM is biased. The answer isn’t super clear-cut. BehindMLM.com claims to be a non-affiliated consumer advocate, trying to cut through all the MLM hype with honest reviews. However, most of its content leans towards being critical, often calling companies “scams” or “Ponzis” with catchy titles like “State of the Scam 2025.”

People on sites like Trustpilot and Sitejabber are calling it out for defamation, blackmail, and sharing unverified claims. Reviews show a clear trend: when negative articles come out, there are claims that payment is demanded to take them down, even though the site denies this. Supporters of multi-level marketing (MLM) say it’s just a “club of MLM haters,” implying that it has a built-in bias against MLMs instead of being neutral.

Legal battles, like the libel suits from GSPartners, really bring these issues to light. The site’s tendency to focus mainly on the negatives and hardly ever give credit to legitimate MLMs shows a clear case of confirmation bias.

On X (formerly Twitter), people have mixed feelings. Some users think it’s great for warning about scams, like BFIC Gold or DAO1, while others just brush it off in defense of MLMs.

If you’re looking up “BehindMLM bias reviews,” it seems like they have a bit of a slanted view—great for knowing the risks, but not exactly objective.

BehindMLM Credibility: A Legit Consumer Advocate or Scam Itself?

BehindMLM.com is all about being a consumer advocate and shines a light on MLM scams. It’s recognized by agencies like the FTC, SEC, and Australian regulators in cases involving schemes such as IM Mastery Academy, OnPassive, and Legacy Builders. Other sites like FinTelegram have even called it “MLM warriors” for its take on crypto-MLM issues.

Reviews rely on data and pull from whitepapers, filings, and warnings. Users suggest doing some due diligence by searching things like “project name + scam.”

Credibility takes a hit with claims of misinformation and extortion floating around. Some reputation management companies are offering “BehindMLM removal” services, suggesting that it’s a real threat to one’s reputation.

For “BehindMLM credibility” searches, it’s a double-edged sword: Useful for scam detection, but approach with skepticism.

BehindMLM’s Landmark Exposé: The Zeek Rewards Scandal and My Perspective From Firsthand Experience – SEC Fines Troy Dooly For Pimping Zeek Rewards

I’ve got some real experience with Zeek Rewards since I worked as an outside advisor for its parent company, Rex Venture Group. This was a major scandal back in 2012. I’ve been in the MLM scene for decades and have tried my hand at pretty much everything. At that time, I was running MLMHelpDesk.com, one of the go-to sites for MLM news and info.

Zeek Rewards turned out to be one of the biggest Ponzi schemes ever, raking in over a billion dollars. Most people were investing around $10,000 each using cash, cashier’s checks, or money orders since cryptocurrency wasn’t really a thing yet. In just eighteen months, it pulled in over a million people. The SEC stepped in and shut it down in August 2012, calling it an illegal pyramid and Ponzi scheme because most of its money came from new investors rather than actual sales.

Let me break down my involvement step by step. Back in late 2011, I started looking into Zeek Rewards on my site, MLMHelpdesk.com, after hearing all the chatter in the industry. At first, I was pretty skeptical about their business model, especially the way they funded daily profit shares through affiliates bidding on penny auctions at Zeekler.com. I even wrote some articles questioning whether it could really last.

By April 2012, after talking with leadership, the legal team, and other outside advisors, I decided to work with the leadership, specifically the compliance team, as an advisor through my company, Deep South Companies. My job was to be a sounding board for both supporters and critics, responding to negative press, reporting live from events, doing video interviews, and handling media exposure. I didn’t include public relations or advertising in my agreement because I hadn’t considered it that way until an SEC agent pointed out that it was part of my agreement. Rex Venture Group (RVG), Zeek’s parent company, paid me $6,000 a month under two contracts totaling $24,000. However, I only received $18,000 before the SEC froze their assets.

Even while I was advising from April to August 2012, I openly discussed the growing concerns, which Zeek leadership wasn’t fond of. For instance, when the North Carolina Attorney General’s Civil Investigative Demand (CID) came to light in early August 2012, I shared my thoughts on MLMHelpdesk.com, saying, “this is one of the best things that can happen to Zeek Rewards because now the regulators will take a close look at everything, suggest any necessary changes, and ask the important questions that a lot of people have been curious about.” I firmly believed that regulators’ involvement could help address the industry’s challenges and address critics’ questions. I wanted to promote transparency and encourage adjustments. Industry analyst Len Clements mentioned in his review that I was “at times somewhat critical” during that time, managing to defend the situation while also recognizing the real issues.

Things got a bit messy when I started promoting Zeek through blog posts, YouTube videos, and even doing a radio interview, all while keeping quiet about the payments I was getting. I thought my non-disclosure agreement with RVG meant they were the only ones allowed to talk about my compensation, so I just stayed silent since they hadn’t given me the go-ahead. I didn’t realize that was actually against SEC rules.

During an interview on the Tom Chennault Home Business radio show, when Tom pointedly asked me about my pay, I misled the audience by claiming I only got reimbursed for expenses, which I wrongfully included my retainer as an ‘expense.’ That was a big mistake, and the SEC came down hard on me for it.

On September 30, 2013, the SEC found me guilty of a Code Infraction by not disclosing how I was paid for promoting RVG. The order pointed out that, in the SEC’s opinion 17% of my agreement was advertising-related. And since in different media outlets, including MLMHelpDesk.com, I didn’t disclose to my audience that RVG was compensating me for the publicity, I was in violation of the SEC rules.

BehindMLM, through “Oz,” was one of the first to point out that Zeek looked like a Ponzi scheme. They put up detailed info highlighting issues like ROI earned by affiliates through a lack of real retail sales. Their coverage often disagreed with mine; they slammed my shift from being 100% skeptic to giving Zeek a pass in areas, saying I ignored the facts and misled people. Commenters like K. Chang on their site pushed back on my ideas, calling them pseudo-scientific. I jumped into those discussions, and things got pretty heated. Some even accused me of censoring comments on my own site, which, as a proponent of the First Amendment, I would not do!

Looking back, Zeek taught me some tough lessons. As my mentor and friend, Richard Brooke, told me, I was too close to the forest to see the trees, and it blinded me, which ended up costing me a lot. I totally agree with the SEC; the evidence clearly showed that the leadership was lying and manipulating the info they gave me as an outside advisor. The SEC was right to push for better disclosure—trust is everything in this industry. Hindsight makes it clear that BehindMLM’s early warnings were spot on, even if the way they said it felt a bit confrontational. Today, my focus is to craft only Trust-Inspired, Purpose-Driven narrative. We do it here, and I also guide our clients in fully understanding, no matter how hard the truth may be, truth-telling is the only way to live.

On BehindMLM, I replied to their article about the SEC fine, saying, “Oz, you got the facts right, as always. But there are a couple of things where I think your take was a bit off. I didn’t mention that those expenses included my consulting retainer. This won’t happen again because I really understand the SEC and FTC rules now. Again, Oz, you did a pretty good job covering this situation.” On PatrickPretty.com, I discussed my role, acknowledged my mistakes, and emphasized the importance of transparency

I looked into the ‘Zeek Rewards Legal Defense Fund’ launched after Zeek Rewards was shut down and raised some red flags about its legitimacy and how it might further take advantage of victims. This fund was tied to people like Robert Craddock, who claimed to be helping affiliates but was called out for potentially scamming people for money. Craddock got indicted in 2015 for wire fraud related to another scheme involving the Deepwater Horizon oil spill fund. He ended up serving six months in prison, plus 15 days at the Brevard County Work Farm, and had three years of supervised release afterward. My take on this matched what was reported by BehindMLM and PatrickPretty.com, which highlighted how these efforts tricked investors with false promises of reopening Zeek.

You can still search for “Troy Dooly Zeek Rewards,” and see all kinds of opinions. Just know that I acknowledge my part in it, I’ve learned a lot, and now I’m all about helping others avoid those similar pitfalls.

Verdict: Should You Trust BehindMLM.com in 2025?

BehindMLM.com serves as a vigilant MLM watchdog, aiding consumers in avoiding 2025’s rising crypto-MLM and Ponzi threats [?]. However, its anonymity, critical bias, and contro- versy prevent it from being truly unbiased. Cross-reference with official sources like the FTC or SEC for balanced views.

If you’re in MLM or researching “is BehindMLM a scam,” treat it as a starting point—not gospel. Stay informed, and always verify.

Sources and Links

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66. Kevin Thompson’s Zoom Meeting – LinkedIn – https://www.linkedin.com/ posts/ktprofile_kevin-thompsons-zoom-meeting-kevin-thompson-activity
67. Kevin Grimes, Troy Dooly, & Kevin Thompson 7/31/2021 – https://www.legacyleaderships online/kevin-grimes-troy-dooly–kevin-thompson-7312021.html
68. Zeek Rewards and Internet Censorship – Page 9 – Quatloos! – https://quatloos. com/Q-Forum/viewtopic.php?p=150217
69. Troy Dooly (“MLM Helpdesk”) Shilled for Zeek After All – Quatloos! – https:// quatloos.com/Q-Forum/viewtopic.php?t=9574
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72. Zeek Rewards Founder Paul Burks Brought Down By The Secret … – https://www. youtube.com/watch?v=mOe6kO_rHNk
73. troydooly | Zeek Rewards Revisited: What I Learned Firsthand That … – https:// www.instagram.com/reel/DL9zm-gIhY2/
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If you’re a direct seller, professional network marketer, MLM, real estate agent, or anyone in the gig economy searching for “H.R. 3495 independent contractors protection” or “Direct Seller and Real Estate Agent Harmonization Act benefits,” you’re in the right place, at TalkGigs.News, we dive deep into policies impacting flexible work, and H.R. 3495 is one you can’t ignore. Let’s explore why this bill matters, its key provisions, and how it safeguards economic opportunities for everyday Americans.

What is H.R. 3495? A Closer Look at the Direct Seller and Real Estate Agent Harmonization Act?

Introduced on May 19, 2025, by Rep. Kevin Kiley (R-CA) and co-sponsored by a bipartisan group including Rep. Henry Cuellar (D-TX), H.R. 3495 aims to amend the Fair Labor Standards Act (FLSA) of 1938. Specifically, it clarifies the definition of “employee” to align with existing federal tax laws under the Internal Revenue Code (IRC). This harmonization ensures that individuals already classified as independent contractors for tax purposes—such as direct sellers and qualified real estate agents—aren’t misclassified under labor laws.

The bill has garnered support from key organizations like the Direct Selling Association (DSA) and the National Association of Realtors (NAR), who see it as essential for preserving the independence of their members. With five cosponsors—three Democrats and two Republicans—H.R. 3495 reflects growing consensus that outdated regulations shouldn’t hinder modern work models. Currently referred to the House Committee on Education and the Workforce, the legislation addresses long-standing inconsistencies that could lead to costly lawsuits and lost opportunities for gig workers.

For those querying “H.R. 3495 text” or “Direct Seller and Real Estate Agent Harmonization Act summary,” the core goal is simple: prevent the FLSA from overriding IRC classifications, protecting the flexibility that draws people to direct selling and real estate in the first place.

The Direct Selling Case: Why H.R. 3495 Protects 6.2 Million Americans

Direct selling isn’t just a side hustle—it’s a lifeline for many. According to the 2025 Direct Selling Growth & Outlook Report, 6.2 million Americans participate in direct selling, with over 40% citing flexibility as their primary motivation. One in three relies on it for supplemental income, making it a vital option for stay-at-home parents, caregivers, retirees, and veterans who need work that fits around their lives.

Without H.R. 3495, misinterpretations of labor laws could force these independent contractors into employee status, stripping away the autonomy they value. The DSA strongly advocates for the bill, arguing it aligns federal labor law with tax law to safeguard economic opportunities. Imagine a single mom hosting product demos from home or a veteran building a network marketing business—H.R. 3495 ensures their choices are respected, not regulated away.

Searches for “direct selling independent contractors rights” or “H.R. 3495 impact on gig economy” often lead to concerns about legal threats. This act counters those by creating a consistent framework, preventing disruptions that could upend livelihoods. As the DSA notes, Congress needs to hear from these voices, which is why events like Direct Selling Day on Capitol Hill on September 17, 2025, are crucial for sharing real stories.

Real Estate Agents: Maintaining Independence in a Changing Market

Real estate agents thrive on commission-based, flexible work—showing homes on weekends or negotiating deals remotely. H.R. 3495 extends the same protections to them, ensuring they remain independent under the FLSA. NAR has lobbied for this, highlighting how the bill prevents agents from being reclassified as employees, which could limit their earning potential and operational freedom.

In the gig economy, where “real estate agent independent contractor status” is a hot search term, this legislation is timely. It builds on state laws and federal tax recognitions, creating a universal standard that benefits agents nationwide. Berkshire Realtors and other groups have rallied in Washington to push for H.R. 3495, emphasizing its role in sustaining the industry’s entrepreneurial spirit.

Broader Implications for the Gig Economy and Why You Should Care

H.R. 3495 isn’t just about direct sellers and real estate agents—it’s a win for the entire gig economy. As more Americans turn to flexible work amid economic uncertainty, policies like this ensure innovation thrives. Keywords like “gig economy protection laws” or “independent contractors FLSA changes” point to a larger movement: harmonizing regulations to support, not stifle, self-employment.

Critics might argue it weakens worker protections, but supporters counter that it respects choices already validated by tax law. With bipartisan backing, the bill could set a precedent for other sectors, from ride-sharing to freelance consulting.

At TalkGigs.News, we believe in empowering gig workers. If H.R. 3495 passes, it could boost economic growth by preserving jobs that generate billions in revenue annually.

Call to Action: Support H.R. 3495 and Join the Conversation

Congress needs to hear from us—direct sellers, real estate agents, and gig enthusiasts alike. Contact your representatives to voice support for the Direct Seller and Real Estate Agent Harmonization Act. Attend events like Direct Selling Day or follow updates on platforms like Congress.gov.

Stay tuned to TalkGigs.News for more on “H.R. 3495 updates,” “direct selling news,” and gig economy trends. Share this article if you believe in protecting independent contractors—your voice could make the difference in ranking this vital legislation at the top of search results and policy agendas.

For pizza enthusiasts searching for the best pizza in Miami, La Natural is no stranger to accolades. The restaurant has proudly held a Michelin Guide Bib Gourmand designation for four consecutive years, celebrating its commitment to high-quality food at affordable prices. Opened in December 2020 by Ramirez and his then-wife Andreina Matos, La Natural has become a beloved spot in the unassuming Little River neighborhood, drawing in crowds with its innovative approach to classic Italian pies.

A Boost for Business in a Challenging Summer

This latest award couldn’t have come at a better time for Ramirez and his team. Miami’s dining scene has faced a tough summer, with reservations dipping and tables sitting empty more often than usual. However, the international nod has sparked a surge in customers, doubling business compared to last year at this time. Ramirez describes it as a “blessing in disguise,” especially after a dismal start to June. While the Michelin recognition brings in a steady trickle of visitors, this global honor has truly put La Natural on the map for pizza lovers worldwide.

From Behind the Scenes to Pizza Mastery

Ramirez’s journey to becoming one of the **top pizza makers in the world** is as inspiring as his creations are delicious. Before stepping into the spotlight at La Natural, he was a key player in Miami’s restaurant world, co-founding innovative spots like Wynwood’s Alter and Palmar, and partnering with renowned pastry chef Antonio Bachour to launch Bachour in Coral Gables. Yet, Ramirez had always stayed on the operational side, handling finances and logistics rather than leading in the kitchen.

That changed when he decided to master the art of pizza-making. Self-taught through books, videos, and endless experimentation in his home’s wood-burning oven, Ramirez honed his skills by hosting backyard tastings for friends. When he and Matos (now divorced) felt ready, they launched La Natural, which quickly became a hit.

The Secret to La Natural’s Irresistible Sourdough Crust

What sets La Natural apart in the crowded field of **Miami pizza restaurants**? It’s all in the crust. Frustrated by diners who leave crusts uneaten, Ramirez developed a signature 48-hour cold-fermented sourdough crust that’s so flavorful, it’s even offered as a standalone small plate. This innovative dough, paired with fresh toppings and cooked in a wood-fired oven, has guests raving – and finishing every bite.

The menu also features vegetable-based small plates, keeping things light and balanced. Ramirez’s personal favorite? A pizza topped with Calabrian chili, provolone, and oregano – a nod to his love for bold flavors, so much so that he has Calabrian chilis tattooed on his arm. As he explains, it hits all the key notes: salt, fat, acid, and heat, inspired by chef Samin Nosrat’s famous cookbook.

Little River: Miami’s Emerging Foodie Hotspot

Choosing Little River was a gamble back in 2020, when the area lacked foot traffic and even basic amenities like a coffee shop. But Ramirez’s vision paid off. Today, the neighborhood buzzes with top-tier eateries, including Michelin-starred Boia De, its sibling Walrus Rodeo, the wildly popular Sunny’s Steakhouse, and Bar Bucce from the Macchialina team. With spots like Imperial Mojo nearby and Fouk’s set to reopen, Little River is solidifying its status as a must-visit for anyone exploring restaurants in Little River Miami.

Why This Matters for Pizza Lovers Everywhere

For those on the hunt for Michelin-recognized pizza in Miami or simply the best sourdough pizza in Florida, Javier Ramirez’s achievement at La Natural is a testament to passion, innovation, and perseverance. It’s not just about the awards – it’s about creating pizzas that bring people together and elevate the everyday meal.

If you’re in Miami, make a reservation at La Natural and taste the difference for yourself. Who knows? You might just be dining at the table of one of the world’s finest pizzaioli.

Jenna Zwagil: A Visionary Leader with Proven Track Record in Scaling Ventures

Jenna Zwagil, a renowned entrepreneur celebrated for her ability to scale mission-driven businesses, brings a wealth of experience to Zater Capital. Her expertise spans financial education, blockchain innovation, and community leadership—key elements that align perfectly with the company’s focus on AI-powered crypto automation. Prior to this role, Zwagil co-founded a wellness-oriented direct sales company that achieved over $980 million in global revenue, demonstrating her prowess in building high-impact enterprises. In her statement, Zwagil expressed enthusiasm about the opportunity: 

“It’s an honor to lead Zater Capital into its next evolution. This is more than just a fintech company—we are building the future of financial sovereignty through intelligent systems, community-driven tools, and accessible crypto education. I believe everyone deserves the tools to create wealth, and Zater is the gateway.”

Her vision emphasizes empowering users with blockchain-secured assets and automated trading technologies, making her an ideal fit for driving Zater Capital’s innovative agenda.

Ron Cartey’s Legacy and Graceful Transition

Ron Cartey, the outgoing CEO, leaves behind a strong foundation after guiding Zater Capital through its formative years as a leader in AI trading infrastructure and decentralized wealth management. Reflecting on his time at the helm, Cartey shared,

Cartey’s decision to prioritize health highlights a growing trend in corporate leadership where personal well-being takes precedence, especially in high-stakes industries like blockchain and AI crypto automation. His ongoing role as a strategic advisor ensures continuity, allowing Zater Capital to benefit from his insights while embracing fresh perspectives under Zwagil.

Zater Capital’s Exciting Roadmap: NFT Bot Marketplace and Beyond

Under Jenna Zwagil’s leadership, Zater Capital is set to fast-track several groundbreaking initiatives that could redefine the landscape of decentralized finance. At the forefront is the launch of the industry’s first NFT Bot Marketplace—a decentralized platform where users can own, trade, or sell AI-powered bot NFTs. Each NFT represents a unique algorithmic strategy backed by blockchain technology, offering a secure and innovative approach to asset-backed automated trading. This feature is poised to empower everyday users with tools for wealth creation in the crypto space.

Beyond the NFT Bot Marketplace, Zater Capital’s strategic focus includes:

– Expansion of AI Trading Infrastructure and Tools: Enhancing automated systems to provide seamless decentralized wealth management, making advanced crypto strategies accessible to all.

– Affiliate and Education Systems: Developing robust programs to onboard new participants through comprehensive crypto education and community-driven initiatives, fostering a knowledgeable user base.

– Commitment to Compliance and Responsible Innovation: Prioritizing ethical standards and regulatory adherence in the ever-changing cryptocurrency environment, ensuring sustainable growth.

These developments underscore Zater Capital’s dedication to blending AI crypto automation with blockchain-secured assets, ultimately promoting financial sovereignty for individuals worldwide.

Why This Leadership Change Matters for the Fintech and Blockchain Worlds

This CEO transition at Zater Capital isn’t just a personnel shift—it’s a signal of the company’s evolution in a competitive market. With Jenna Zwagil at the helm, drawing from her background in scaling ventures and blockchain innovation, Zater Capital is well-equipped to navigate the challenges and opportunities in DeFi. Industry experts are watching closely as the company advances its AI-powered solutions, potentially setting new benchmarks for automated trading technologies and user-centric crypto tools.

As Zater Capital gears up for these milestones, stakeholders in fintech, AI innovations, and crypto automation trends can expect continued disruption and growth. For more information on Jenna Zwagil’s appointment, the NFT Bot Marketplace, or Zater Capital’s latest developments, visit www.zatercapital.com 

Stay updated with TalkGigs.News for in-depth coverage on new CEO announcements, leadership changes in blockchain, and the future of AI crypto automation.