Needed fugitive John Barksdale is spearheading efforts to defraud shoppers via Akasha.
Akasha and its AK1111 shitcoin is being pitched as the most recent funding alternative of Ultron and Akita Rider.
Ultron was an is a collapsed MLM Ponzi scheme constructed round its ULX shitcoin. Akita Rider noticed previous European males gush over AI-generated NFTS that includes near-naked youngsters.
Akita Rider initially launched as a part of Incufi, working from the area “holdonfordearlife.io”. Incufi branding seems to have since been dropped.
The newest scams to look on the “Maintain On For Expensive Life” web site are Akasha and Sovereign:
Sovereign is pitched particularly at South Korea, with advertising efforts led by “Neo Anderson”.
“Neo Anderson” is none aside from John Barksdale (proper). Barksdale has been tied to each Ultron and Akita Rider up to now.
Barksdale is believed to be hiding out in Dubai. Barksdale is needed on legal fraud expenses associated to his collapsed Ormeus World Ponzi scheme.
Sovereign sees buyers buy Visa debit card packages costing as much as $5000.
These types of schemes are usually run via an inconspicuously named shell firm hooked as much as a dodgy processor. That Sovereign seems localized to South Korea suggests the shell firm and dodgy processor may very well be South Korean.
As soon as bought, Sovereign buyers can then load as much as $50,000 onto their playing cards.
That is executed on the promise of a 1% day by day return:
Akasha is marketed as being “powered” by Ultron.
Ultron and its hooked up Mavie World Ponzi spinoffs are owned by Michael Prazenica, a European additionally hiding out in Dubai.
Barksdale seems to have taken over what’s left of Ultron and, with no clear proprietor, it’s doable Barksdale has been working Akita Rider all alongside too.
This does increase the disturbing risk that Barksdale created Akita Rider’s near-naked youngsters NFTs… a thought I’ll simply depart there as is.
As “Neo Anderson” (Barksdale naming himself after the protagonist within the Matrix films is likely to be a mid-life disaster), Barksdale is pitching South Koreans on a typical node funding place Ponzi.
Akasha buyers buy “tremendous node” positions for tether (USDT) equivalents in AK1111 or ULX.
As soon as bought, and much like the Sovereign playing cards, Akasha tremendous node positions might be invested in:
- Primary – buy a node place for 50 USDT and make investments as much as 250 USDT
- Commonplace – buy a node place for 250 USDT and make investments as much as 1250 USDT
- Superior – buy a node place for 750 USDT and make investments as much as 3750 USDT
- Professional – buy a node place for 2500 USDT and make investments as much as 12,500 USDT
- Extremely – buy a node place for 6000 USDT and make investments as much as 30,000 USDT
- Elite – buy a node place for 15,000 USDT and make investments as much as 75,000 USDT
- Genesis – buy a node place for 30,000 USDT and make investments as much as 300,000 USDT
Marketed passive returns on the above funding tiers high out at 12% a month for Genesis.
Be aware that funds invested into Akasha tremendous node positions look like locked up for 10 years.
Be aware any funds invested into Akasha are instantly stolen by Barksdale. Setting a ten yr lock on the funds is designed to maintain buyers suspended in hope when withdrawals are inevitably disabled.
Barksdale is assisted in defrauding South Koreans by Choi Y (translator):
And Wang Ok Shin (known as the “Chairman”, aka Hyungab Eun (?)):
Curiously, whereas Barksdale and his accomplices are doing their greatest to advertise Soverign and Akasha to South Koreans, as of March 2025 SimilarWeb tracked 100% of visitors to the “Maintain On For Expensive Life” web site from Israel.
Unsure what’s occurring there but it surely seems somebody is recruiting suckers into these scams in Israel too. Maybe Barksdale is utilizing one other alias for Israeli promotion.
To additional entice buyers, Barksdale is working a purchase one Akasha node place get one free promo until the top of April:
Large Bang Launch Promotion
Interval: April 9 ~ April 30
Finish Time: April 30, 2025 23:00 (UTC)Promotion Particulars
Buy a supernode and full the utmost deposit (max deposit), and you’ll obtain a further supernode of the identical situation free of charge!
Along with be outright fraudulent funding schemes, Akasha and Sovereign might be summed up as a needed fugitive desperately seeking to fund his life-style in Dubai.
Barksdale additionally has a $79 million judgment towards him, stemming from parallel Ormeus World civil fraud expenses filed by the SEC.
Cash was misplaced in Ormeus World, Ultron, each Mavie World spinoff and Akita Rider. Cash will inevitably be misplaced once more via Akasha and Sovereign.
Until you’re in Barksdale’s and Wang Ok Shin’s inner-circle, you’re not within the group that’s going to make off with the cash.
