Welcome to The Crypto Ponzi Scheme Avenger! I’m Danny de Hek, here to expose Ponzi schemes and scams preying on unsuspecting investors. This channel exists to protect hard-working people from losing their savings to deceptive multilevel marketing scams and pyramid schemes.

In today’s video, we review a shocking 24-minute clip from a Zoom meeting promoting Local City Places, an MLM scheme claiming that a $99 investment can “double your money in 30 days!” Throughout the meeting, a presenter outlines the “opportunity,” pitching a deceptive business model that’s nothing more than a Ponzi scheme masked as an investment plan. We break down their promises and the program’s structure to show how schemes like this exploit people looking for financial freedom.

*Here’s what we discovered:*

*The Local City Places Scheme: Dangerous Red Flags*

$99 “Units” with Unrealistic Returns: Local City Places claims that a $99 investment will yield $198 in 30 days, with a promised monthly payout of $29.70 thereafter. Such high returns, especially from an unregulated scheme, are unsustainable and unrealistic.

Empty Website: The website for Local City Places (localcityplaces.com) isn’t functional, a major red flag. Investing in a company that lacks an actual product or operational website shows poor credibility and transparency.

Misleading Compensation Structure: In the meeting, the scheme promotes further investments and recruiting new members to grow “residual income,” with commissions paid across six levels. This unilevel compensation plan resembles a pyramid scheme, where income is based solely on recruitment rather than product sales.

Rebranded Failures: After previous failures, Local City Places rebranded as Local City Deals and Local City Profits—all with the same MLM structure. Their pitch revolves around “Coop” concepts like CoopNFT, CoopAcademy, and CoopBits, adding buzzwords without explaining any real value.

History of Fraud: The scheme is linked to Troy Warren, a man with a documented history of financial scams, lawsuits, and regulatory actions. Past ventures associated with him, like Listworld and FreeFundRaisingPrograms.com, were shut down by authorities for fraudulent practices.

Howey Test Violation: Local City Profits offers investment units that qualify as securities, but they’re unregistered, which violates U.S. securities laws. Their pitch meets the Howey Test, where investors contribute money expecting profits derived from the efforts of others, yet there’s no regulatory oversight.

*Consequences of Ignoring Warnings*

Schemes like Local City Places are structured to benefit early participants and promoters while leaving the majority of investors at a loss. Ignoring red flags and investing in unregistered securities may result in financial loss and even legal repercussions. As soon as new investments slow down, returns dry up, leading to a collapse that devastates the latest recruits.

*How You Can Help*

We’ve compiled a list of attendees from the Zoom meeting who may have been lured into this scheme. If you have information on the individuals running these meetings or promoting similar scams, please share it to help prevent others from falling into this trap.

*In this video, I break down:*

The dubious claims made in the Zoom meeting promoting Local City Places.
The dangers of believing in high-return, low-effort “investments.”
The impact of Ponzi schemes on everyday investors and families.

*Join the Fight Against Fraud*

If you believe in exposing these scams and want to protect potential victims, please like, share, and subscribe to The Crypto Ponzi Scheme Avenger. Every view helps us create awareness and keep people safe from these exploitative schemes. Together, we can expose these fraudsters and save families from financial devastation.

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