A “socially conscious” reality star couple highlighted on Oprah Winfrey’s network, is being sued for scamming millions of dollars through the use of a Ponzi scheme.
As is the case in all Ponzi schemes, only a very few of the first ones in on it ever make anything. But, those that operate the scheme make a fortune.
Marlon & Lashonda Moore, are being sued by Texas AG Ken Paxton to recover as much money as possible before it is spent or hidden.
The Texas couple advertised their investment scheme as all-Black, socially conscious, and faith-based, but in reality, is just another pyramid scheme.
One woman told how she lost $13,000 and how she is about to lose her house. The couple forced investors to agree to never criticize the scheme in public.
The scheme was called B.I.N. T. or Blessings In No Time, and allegedly promised enormous returns based on an initial $1,400 investment.
“A lot of people came in because they had been furloughed or they had lost their jobs,” she said. “Their companies had closed. A couple of ladies were about to lose their homes. I met one lady through the group who was trying to get the money so she could pay for chemotherapy.”
Other victims said they were sold on the promise of building black wealth.
“They were talking about building a Black community and building generational wealth,” said a California woman who participated in the scheme. “Those are the catchphrases now. They were just kind of selling people a dream.”
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“They promised that they would give you a refund if you were not satisfied,” Fleming said.
“They wanted to say it’s for Blacks, they wanted to say it’s to build the Black community is what they wanted to say,” she added.
The BINT network charges an initial fee of about $1,400, almost the exact amount issued on the first stimulus check. Every member that Fleming supposedly recruited, most of whom are members of the Black community, was supposed to get more than $11,000 in compensation.