OnmaxDT certified an illegal pyramid scheme in Sri Lanka

OnmaxDT has been certified an illegal pyramid scheme by the Central Bank of Sri Lanka (CBSL).

In its March 20th “red notice” warning, CBSL states that it has received “several complaints” regarding OnmaxDT and two other suspected fraudulent schemes; Fast 3 Cycle International and Sport Chain App (aka Sports Chain ZS Society Sri Lanka).

The other two I’m not familiar with but BehindMLM reviewed OnmaxDT last June.

Following an internal investigation, CBSL confirmed that OnmaxDT “have conducted prohibited schemes in contravention ot the provisions of … the Banking Act”.

Accordingly, the Central Bank of Sri Lanka has requested Hon. Attorney General to consider instituting criminal proceedings.

Whether anything further develops remains to be seen.

OnmaxDT is an MLM crypto Ponzi pitching a 300% ROI over 15 months.

In our review we noted that, as of June 2022, 98% of OnmaxDT’s website traffic originated out of Sri Lanka.

Today that percentage has dropped to 85%, however month on month OnmaxDT website traffic has skyrocketed.

OnmaxDT’s official FaceBook page is also managed from Sri Lanka. Despite the obvious ties, OnmaxDT pretends it is based out of Australia.

With the exposure that comes from over a million visits to OnmaxDT’s website last month, at the very least rounding up local promoters would seem trivial.

Pending any further developments, we’ll keep you posted.

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