Jeremy Roma

Full Report

Key Points

• Jeremy Roma is a US national and the central figure behind Daisy Global, an alleged multi-level marketing (MLM) Ponzi scheme that has undergone multiple collapses and reboots since its inception in 2020.

• Roma is accused of orchestrating fraudulent investment schemes, including Daisy AI, Daisy Forex, and Blockchain Sports, with claims of $1.16 billion in funds held by an unnamed broker, lacking verifiable evidence.

• Regulatory bodies, such as the British Columbia Securities Commission (BCSC) and Alberta Securities Commission (ASC), have issued securities fraud warnings against Daisy Global for unregistered trading activities.

• Roma operates primarily from Dubai, a jurisdiction with limited financial regulation and extradition treaties, raising concerns about accountability.

• Customer feedback highlights significant issues with withdrawal suspensions, lack of transparency, and accusations of scamming, with some investors reporting losses of tens of thousands of dollars.

• Roma’s ventures, including the recent BioLimitless supplement MLM, are criticized for targeting previous Daisy victims and lacking retail viability.

Overview

Jeremy Roma is a US citizen and the co-founder and public face of Daisy Global, a company launched in 2020 under the guise of a decentralized AI-driven trading platform, initially branded as Daisy AI. The company claimed to use artificial intelligence for cryptocurrency and forex trading through a partnership with EndoTech, an alleged Israeli firm run by Anna Becker and Dmitry Gushchin. Daisy Global has operated through multiple iterations, including Daisy Forex and Blockchain Sports, each collapsing and rebooting amid declining investor returns. Roma is believed to spend most of his time in Dubai, a location known for its lax financial oversight, while occasionally traveling to the US. His latest venture, BioLimitless, launched in 2024, shifts focus to health supplements but is suspected to target victims of his previous schemes. Roma’s history includes prior involvement with other MLM schemes, such as Organo Gold and Apex, both associated with financial misconduct.

Allegations and Concerns

• Ponzi Scheme Operations: Daisy Global is widely accused of operating as a Ponzi scheme, using new investor funds to pay returns to earlier investors. BehindMLM reports multiple collapses since 2020, with reboots like Daisy Forex and Blockchain Sports failing to deliver promised returns.

• Securities Fraud Warnings: The BCSC (November 2023) and ASC (December 2023) issued warnings against Daisy Global for unregistered securities trading, signaling potential fraud.

• Lack of Transparency: Roma has been criticized for providing unverifiable claims, such as a redacted “broker letter” alleging $1.16 billion in Daisy funds, with no identifiable broker or audited financial reports.

• Misleading Investors: Roma, along with associates Eduard Khemchan and Ilya Marin, has been accused of gaslighting investors by denying Daisy’s investment scheme nature and blaming external factors for withdrawal issues.

• Association with Fraudulent Entities: Daisy’s partnership with EndoTech, which lacks contact details and is suspected of money laundering, raises further concerns. EndoTech is also linked to iGenius, under SEC investigation since January 2022.

• Exit Scams: The 2021 “Daisy token” launch is described as a classic Ponzi exit scam, where tokens were sold to investors and later dumped, leaving regular investors with losses.

Customer Feedback

Customer reviews of Daisy Global, primarily from Trustpilot, reveal a polarized sentiment, with negative feedback dominating due to financial losses and operational issues:

• Positive Feedback:

  • Some early investors reported partial success, with one stating, “It does exactly what they said it would do, I have earned half my investment back in Interest in less than a year well impressed thank you Daisy and crew had no problems with withdrawing profits and reinvesting.”

  • Another review praised leadership: “Great Leaders are doing a really amazing job. Transparency and trust are in first place!”

  • These positive reviews are often from early adopters or top recruiters who likely benefited from the Ponzi structure.

• Negative Feedback:

  • Many investors report being unable to withdraw funds, with one stating, “Scammers hold back withdrawals for 6 months now. Only big network builders get paid monthly, regular users don’t… Jeremy, Ilya and Eduard = three scammers.”

  • Another investor complained, “Nothing but excuses for over a year now! Been waiting for my exit withdrawal for a year now! KYC been pending for months now and a useless monthly update with more waffle!”

  • A user highlighted significant losses: “I have only a small amount locked up as I fortunately did not risk much, but many people have tens of thousands locked up with these scammers.”

  • Trustpilot reviews consistently note a lack of customer service and transparency, with one user stating, “No customer service to contact only tech support, who also do not respond to any messages.”

Risk Considerations

• Financial Risks:

  • Investment Losses: Investors face high risks of losing funds due to Daisy’s history of collapses and withdrawal suspensions. Reports indicate millions in unreturned funds, with some investors waiting over a year for payouts.

  • Ponzi Scheme Structure: The reliance on new investor funds to pay returns, coupled with multiple reboots, suggests an unsustainable model likely to collapse again.

• Reputational Risks:

  • Association with Fraud: Roma’s involvement in multiple failed schemes (Apex, Daisy AI, Blockchain Sports) damages his credibility, making future ventures like BioLimitless suspect.

  • Victim Backlash: Ongoing complaints and potential class-action lawsuits from disgruntled investors could further tarnish Roma’s reputation.

• Legal Risks:

  • Regulatory Scrutiny: Securities fraud warnings from Canadian regulators and a potential SEC investigation into related entities like iGenius increase the likelihood of legal action.

  • Dubai Operations: Operating from Dubai may shield Roma temporarily, but US regulators could pursue action if complaints escalate, especially given his US citizenship.

Business Relations and Associations

• EndoTech: Daisy Global’s primary partner, purportedly an Israeli firm led by Anna Becker and Dmitry Gushchin, is accused of facilitating securities fraud and potential money laundering. EndoTech lacks transparency and is linked to iGenius, under SEC investigation.

• Eduard Khemchan and Ilya Marin: Key associates in Daisy Global, accused alongside Roma of misleading investors and denying the scheme’s Ponzi nature.

• BioLimitless: Roma’s latest MLM venture, launched in July 2024, targets Daisy victims with overpriced health supplements. It is linked to Joshua Denne, CEO of Blockchain Alliance, and has ties to Investview, where Roma holds shares via Freedom Enterprises LLC.

• Previous MLM Ventures:

  • Organo Gold: Roma’s early MLM experience involved selling coffee, connecting him to Holton Buggs, a known Ponzi promoter.

  • Apex (2019): A short-lived Ponzi scheme where Roma attempted to sustain operations with former OneCoin scammers, collapsing within months.

• Blockchain Sports: A 2024 reboot of Daisy Global, described as an NFT-based Ponzi scheme, which failed to gain traction and is linked to Michael Faust, another alleged career scammer.

Legal and Financial Concerns

• Securities Fraud Warnings:

  • British Columbia Securities Commission (November 2023): Warned that Daisy Global is not registered to trade securities or derivatives in BC, equivalent to a securities fraud warning.

  • Alberta Securities Commission (December 2023): Added Daisy Global to its Investment Caution List, reinforcing fraud concerns.

• SEC Investigation: Investview, linked to Roma through shares and iGenius, is under SEC investigation for suspected securities fraud since January 2022.

• No Bankruptcy Records: No public records indicate personal or corporate bankruptcy filings by Roma or Daisy Global, but the lack of audited financial reports fuels suspicions of mismanagement.

• Potential Lawsuits: Trustpilot reviews mention investors planning class-action lawsuits, with one stating, “Only a strong legal action will make them pay. They should be sued for 1 Billion Dollars Damage.” No formal lawsuits are confirmed, but the sentiment suggests growing legal pressure.

• Unpaid Withdrawals: Investors report millions in unreturned funds, with estimates of $30 million owed to exit wallets and $65 million still unreturned as of November 2024.

Risk Assessment Table

Expert Opinion

Jeremy Roma’s involvement with Daisy Global and related ventures presents significant concerns due to their consistent pattern of collapse and reboot, characteristic of Ponzi schemes. The lack of verifiable financial records, coupled with regulatory warnings from Canadian authorities, strongly suggests fraudulent activity. Roma’s operation from Dubai, a known haven for MLM fraud, reduces immediate accountability but does not shield him from US regulators, given his citizenship and the scale of alleged losses (over $500 million in USDT invested). His pivot to BioLimitless, targeting previous victims with overpriced products, indicates a strategy to sustain financial exploitation rather than deliver legitimate value.

Pros:

• Roma’s ventures attract significant initial investment, indicating strong marketing and recruitment skills.

• Early investors and top recruiters report some returns, suggesting short-term profitability for a select few.

Cons:

• Repeated collapses and reboots undermine sustainability and trust.

• Lack of regulatory compliance and transparency raises serious legal and ethical issues.

• Investor complaints about locked funds and unfulfilled promises highlight operational failures.

• Association with questionable entities like EndoTech and known scammers increases risk.

Cautionary Advice: Potential investors should avoid Roma’s ventures due to their high-risk nature and documented history of fraud allegations. Those already involved should document all interactions and consider filing complaints with the SEC or FBI, as suggested by BehindMLM, to pursue potential recovery. Thorough due diligence, including verifying regulatory compliance and financial audits, is critical before engaging with any MLM or investment scheme.

Key Citations

• BehindMLM: “Jeremy Roma claims $1.1B in Daisy Ponzi funds held by broker”

• BehindMLM: “Jeremy Roma continues to gaslight Daisy Ponzi victims”

• BehindMLM: “Daisy Global securities fraud warning from BC, Canada”

• BehindMLM: “Daisy AI initiates shit token Ponzi exit-scam”

• BehindMLM: “Daisy Global securities fraud warning from AB, Canada”

• BehindMLM: “Daisy launches ‘Blockchain Sports’ NFT grift Ponzi”

• BehindMLM: “Daisy collapses again, EndoTech ditched & 2024 reboot”

• BehindMLM: “BioLimitless Review: Daisy Ponzi victims –> supplements?”

• Trustpilot: “daisy.global Reviews”

• Defrauded.co: “Daisy Forex & Jeremy Roma is a Fraud – Review”