Moyn Islam

Moyn Islam, along with his brothers Monir and Ehsaan, has been a prominent figure in the multi-level marketing (MLM) and cryptocurrency sectors. Their ventures have attracted significant scrutiny and allegations over the years.

OneCoin Association

The Islam brothers were promoters of OneCoin, a cryptocurrency scheme that has been widely denounced as a Ponzi scheme. Following the collapse of OneCoin in 2017, they relocated to Dubai. In 2018, they launched Melius, which offered a $50,000 passive forex trading account for a $3,000 fee, accompanied by a pyramid-style compensation plan. After Melius’s collapse in early 2020, they rebranded as Be Club.

Securities Fraud Warnings

Regulatory bodies have issued warnings about Be Club’s operations. For instance, Colombia’s financial regulator flagged Be Rules (another alias for Be Club) for securities fraud, highlighting the company’s unauthorized solicitation of investments. As of November 2024, reports have surfaced accusing the Islam brothers of promoting fictitious investment opportunities, further tarnishing their reputation.

Reputation Impact

These allegations have significantly damaged Moyn Islam’s public image. Being linked to multiple ventures accused of fraudulent activities undermines trust among potential investors and partners. The recurring nature of these accusations suggests a pattern of behavior, making it challenging for him to dissociate from past controversies.

Motivation for Information Suppression

Given the severity of these allegations, Moyn Islam has a vested interest in removing or suppressing negative information: Negative press can deter potential investors, partners, and clients, directly impacting the profitability and sustainability of his ventures. Persistent adverse news can attract regulatory scrutiny, leading to investigations, fines, or legal actions. Continuous association with fraudulent activities can lead to social ostracization and personal distress. In an attempt to manage his online reputation, there have been reports suggesting that Moyn Islam has engaged in efforts to conceal critical reviews and adverse news from search engines by improperly submitting copyright takedown requests.

Conclusion

The series of allegations against Moyn Islam paint a concerning picture of repeated involvement in ventures with questionable legitimacy. The consistent negative coverage poses substantial threats to his professional and personal reputation. The reported attempts to suppress adverse information, potentially through illicit means, underscore the challenges he faces in restoring his public image.