The Disturbing Truth Behind the Meta Bounty Hunters Scheme: Travis Bott and Holton Buggs Under Scrutiny

In a time when blockchain technology and digital assets like NFTs are reshaping the investment landscape, some entrepreneurs are pushing ethical boundaries, promising high returns with minimal transparency. The recent case involving Travis Bott and Holton Buggs—the minds behind the Meta Bounty Hunters project—exposes the unsettling realities of fraud within the blockchain and multi-level marketing (MLM) industries.

Travis Bott: Blockchain Visionary or Fraudster?

Travis Bott is a recognized name in the decentralized finance world, notably as CEO of Meta Labs Agency. Known for his early adoption of Bitcoin, Bott has often been lauded for his vision in the NFT space, collaborating with artist Mike Miller to create 8,888 unique Meta Bounty Hunters NFTs. Despite these achievements, Bott’s past is marred by a troubling association with securities fraud. His reputation took a hit in 2017 when he became involved in Divvee’s illegal securities offerings via Ryze AI. This marked the beginning of Bott’s connection to multiple questionable ventures, including Westmyn, a company investigated for its role in fraudulent schemes.

With Meta Bounty Hunters, Bott presents himself as a trailblazer, offering a decentralized NFT-based investment opportunity. However, his past behavior suggests a pattern of exploiting the crypto hype to deceive investors, making Meta Bounty Hunters an extension of his questionable business practices.

Holton Buggs: MLM Success or Deception?

In the MLM world, Holton Buggs has been a polarizing figure. Rising to prominence with Organo Gold, Buggs later launched iBuumerang, a travel-based MLM venture. Known for leveraging his network to lure investors into high-stakes opportunities, Buggs has frequently faced criticism for his business practices. After iBuumerang’s declining popularity, Buggs shifted his focus to Meta Bounty Hunters, using his MLM expertise to attract his established network.

Buggs’ reputation was further tarnished after his involvement in 2018 with Ormeus Global, another Ponzi scheme. Despite these controversies, Buggs has continued to pitch Meta Bounty Hunters as a legitimate investment. However, critics argue that his history of questionable business practices raises concerns about the true motives behind this latest venture.

Meta Bounty Hunters: The Hidden Ponzi Elements Behind NFTs

Launched in 2022, Meta Bounty Hunters promised substantial returns through ownership of unique NFTs, drawing in investors from iBuumerang and Bott’s followers. However, investigations suggest that Meta Bounty Hunters operates more like a Ponzi scheme, relying on the inflow of new investors to pay earlier participants—a classic Ponzi structure. Wrapped in the allure of NFTs, the project reportedly uses wash trading to inflate NFT values and sustain the illusion of a profitable venture. With nearly 6,100 NFTs sold at $2,000 each, the project has raised over $12 million, benefitting Buggs and Bott while leaving investors vulnerable.

Although the NFTs were initially marketed at high prices, their current value hovers around 0.74 ETH (roughly $2,800), with only 1-2 NFTs trading daily. This low trading volume, coupled with the lack of regulatory oversight, amplifies concerns about the scheme’s sustainability.

Unmasking the Scheme’s Ties to iBuumerang

The involvement of iBuumerang executives, including Avinash Nagamah, in promoting Meta Bounty Hunters has raised further suspicion. Many iBuumerang affiliates were reportedly encouraged to invest, suggesting that Buggs and Bott aimed to exploit their existing networks. This crossover of affiliates highlights the seamless yet deceptive transition from MLM to crypto fraud, allowing Buggs and Bott to obscure the scheme’s true nature.

Calls for Regulatory Oversight and Investor Vigilance

As investigations continue, Buggs and Bott’s roles in Meta Bounty Hunters are drawing increased scrutiny, with potential legal repercussions on the horizon. None of the entities associated with the scheme are registered with the U.S. Securities and Exchange Commission (SEC), exposing investors to significant risk.

Meta Bounty Hunters serves as a cautionary tale in the evolving landscape of digital investments. For investors, the case is a stark reminder of the importance of skepticism and due diligence, especially in unregulated territories like blockchain and MLM. As regulators examine the operations of such schemes, the incident underscores the need for greater oversight to protect investors from fraudsters masking deceitful schemes under the guise of digital innovation.