Laurie Suarez- Eye-opening tale of a fraudster! (2023)

Originally Syndicated on May 8, 2023 @ 11:46 am

The court directs that Laurie Suarez’s assets be frozen for up to $555 million.

Laurie Suarez- A brief overview of the case

The Supreme Court of Australia has ordered the freezing of assets belonging to or under the control of Laurie Suarez.

The ruling allows for the freezing of up to $555,174,472 in cash. This amount was calculated using investor claims against Laurie Suarez.

There are certainly no details on this case, but a group of the victims of Laurie Suarez filed a lawsuit against him in Australia at some point.

As per a March 26th paywalled article from The Courier Mail:

Mr. Laurie Suarez, who has already done time in prison for fraud, has been barred from managing corporations, and was a witness in a high-profile murder case, is being sued by some of the 30-plus investors who reportedly invested more than $5 million in the schemes on the promise of enormous returns.

This month, Supreme Court Judge Thomas Bradley issued orders freezing Mr. Laurie Suarez’s assets up to the value of $555,174,472.04 – the amount the investors claim they are owed.

Laurie Suarez has also been asked to produce a list of all of his global holdings, including their whereabouts.

Victims of Laurie Suarez are claiming fictitious returns from Suarez’s multiple Ponzi schemes. And, for some reason, the Australian Supreme Court is going along with it.

To be clear, Laurie Suarez is a convicted felon who deserves to be stripped of every last dime he stole. The difficulty is that the $555 million claimed does not exist.

Laurie Suarez was discovered by BehindMLM in 2018 as part of The Berlin Group’s “Recycle Bot” Ponzi scheme.

Following a few brief Recycle Bot reboots, we had RB Global Crypto Bank, a racist rant bemoaning the collapse of another Ponzi scheme to which Laurie Suarez was linked, RB Global Coin, Recycle Bot Crypto Growth Bank, and XEMXLink.

XEMXLink debuted in 2021 and was defunct before the end of the year.

Despite rising victim losses from various Ponzi schemes, Laurie Suarez went on to establish Dynamis International, according to The Courier Mail.

As of March 2023, here’s how Suarez’s latest scam is going:

Dynamis International was placed in liquidation earlier this month, and the company’s case temporarily stayed.

One fascinating fact about the Australian Supreme Court class action is that one of the Plaintiffs is Laurie Suarez’s old accomplice in crime.

Kristen Linehan, a professional musician from the Gold Coast, says in court records that she is due more than $8.2 million.

She described Mr. Laurie Suarez as a director of Recycle Superbot.

Ms. Linehan said that Mr. Laurie Suarez complained during a live video chat that members were “not towing the line” [sic] by reinvesting money in the program and that “an accountant would be reworking the amounts owed to each member to a figure that was fair and reasonable.”

She claimed she withdrew $US1072 from her Gold account four times before October 2021, but she afterward realized her balance had mysteriously plummeted from an estimated $A111,868.48 to $US15,000.

Ms. Linehan stated that she also invested in other platforms pushed by Mr. Laurie Suarez and eventually worked for his company, Dynamis International, which is also being sued.

She claimed to be the only employee of the company, and that she and Mr. Laurie Suarez both worked from home and interacted via phone, text, and email.

Seems Laurie Suarez and Lineham had a bit of a fetish thing going on:

Ms. Linehan claims that when working with Mr. Laurie Suarez to attract bitcoin investors, she referred to him as “Sensei” and he referred to her as “Grasshopper” – an obvious allusion to the 1970s cult classic TV show Kung Fu.

If there is a question that how this information is received, then the answer is that a civil class-action lawsuit seeking over $500 million against a serial Ponzi schemer, it’s because Australian authorities did nothing about Laurie Suarez.

Despite more than a half-dozen scams perpetrated over five years, Australian authorities have taken no action against Suarez and his associates so far.

Offshore scammers frequently exploit Australia, taking advantage of ASIC’s rubber-stamp registration of Australian shell businesses.

Laurie Suarez is an Australian national who has already been convicted of fraud and is continuing to defraud Australians out of millions of dollars – and yet nothing.

How Laurie Suarez’s SC class action will end, is a question still pending to be answered.

Let’s see what people say about Laurie Suarez

Here people are calling Laurie Saurez a scammer who steals money. And people are also surprised on social media accounts by the massive number of people who are still there in Laurie Suarez’s group.

What is a Ponzi Scheme?

Most Ponzi apps are those in which false promises are made to earn more money by investing less money.

A Ponzi scheme is a fraudulent financial plan that offers investors enormous rates of return with no risk. A Ponzi scheme is a deceptive investment scheme in which money is gathered from later participants in order to enrich earlier investors. This is similar to a pyramid scheme in that both rely on the funds of new investors to pay out prior investors.

When the influx of new investors ceases and there isn’t enough money to go around, both Ponzi and pyramid schemes fail. At that point, the storylines start to fall apart. By recruiting new investors who are promised a huge payoff with little to no risk, the Ponzi scheme produces returns for existing investors. The fraudulent investment strategy is based on using funds from new investors to pay off previous donors. Companies that run a Ponzi scheme concentrate their efforts on enticing new clients to make investments; otherwise, their system will become illiquid.

Some of the Red Flags for a Ponzi Scheme

The bulk of Ponzi schemes share similar characteristics, regardless of the technology used. The Securities and Exchange Commission (SEC) has identified the following traits to watch for:

• A guarantee of huge returns with no risk.
• A consistent flow of returns regardless of market conditions
• Unregistered Securities and Exchange Commission (SEC) investments
• Clients are not permitted to see official documents for their investment strategies that are kept hidden or described as difficult to understand.
• Clients who are having trouble withdrawing funds

Wrapping Up with a briefing about some of the points to safeguard from getting caught with a Ponzi scheme 

Here are some of the measures to be taken care of in order to safeguard oneself from getting a victim of a Ponzi scheme:

1. Protect yourself from falling victim. 
2. Use Common Sense. 
3. Choose Wisely.
4. Ask Questions
5. Demand Detailed Reports.
6. Be Patient.