Jeremy Roma, a US national who moved to Dubai, is the public face of Daisy Forex, a crypto Ponzi scheme that launched in April 2022. Roma’s history includes promoting Organo Gold coffee and Apex, a $13,750 crypto mining Ponzi. He transitioned into crypto fraud around 2018, reportedly through Holton Buggs, a former Organo Gold founder involved in similar schemes.
Daisy AI first surfaced in 2020, operating as a Ponzi scheme through EndoTech, an Israeli firm purportedly offering crypto trading bots. BehindMLM's review at the time identified Daisy AI as a typical MLM crypto Ponzi disguised as "equity crowdfunding." EndoTech has since been characterized as a platform enabling other companies to commit securities fraud, with Daisy AI being a prime example. Roma’s association with Daisy AI was initially masked but became more prominent as the scheme progressed and he became more comfortable with his involvement.
Daisy Forex offers no retailable products or services. Participants only market affiliate memberships. Affiliates invest Tether (USDT) expecting a passive return on investment, supposedly generated through bot trading. Investment tiers range from 100 USDT to 25,600 USDT, with promised revenue splits varying by tier and additional investment. Some higher tiers offer a potential 90% split if another USDT amount is invested.
Daisy AI has experienced multiple collapses since its 2020 launch. In 2021, the scheme executed an exit-scam with a "daisy token." The current iteration, Daisy Forex, began around April 2022. Roma, who splits his time between Dubai and the US, has a background that includes involvement with Apex, a crypto mining Ponzi scheme that required a $13,750 five-year investment. Apex’s initial form lasted only months before Roma attempted to continue it with former OneCoin scammers, a venture that also failed.
Roma’s entry into crypto fraud occurred around 2018. He connected with Holton Buggs, a disgraced Organo Gold founder who became a significant figure in crypto Ponzi schemes. Buggs's history also includes involvement with Apex, linking him to Roma's earlier fraudulent activities. This pattern suggests a history of exploiting investors through various MLM and crypto-based scams. The Daisy Forex operation continues this trend, promising high returns through bot trading without offering any tangible products or services, a hallmark of Ponzi schemes.
Victims of such schemes can report fraud to the U.S. Securities and Exchange Commission (SEC) via their complaint center.