On October 20, 2025, Holton Buggs, founder of iBuumerang, revealed during a webinar that the company is merging with Risen Live, a Dubai-based MLM entity, framing it as a “total family” partnership and “brand new beginning,” per. Buggs, who appeared in Risen Live materials since early October, positioned the move as a “resurrection” for iBuumerang, launched in 2019 as a discounted travel MLM, per Epixel MLM Software. The announcement comes amid iBuumerang’s decline, with withdrawals disabled in May 2025, per ScamRisk. Financial details of the sale remain undisclosed.
Risen Live, led by CEO Hatem Sherien (Egyptian, Dubai-based), markets clothes, personal care, and Elevate supplements, targeting Egypt, per. Sherien, appointed Dubli (aka Ominto) VP in December 2018, joined Risoo (collapsed end-2023) before launching Risen Live in early-mid 2024, per. Risen Live’s website saw only 403 monthly visits in October 2025, all from Egypt, per SimilarWeb. Red flags include no ownership/executive details, compensation disclosure, or corporate address. Dubai’s reputation as an MLM crime hub raises concerns.
Buggs, a “network marketing superstar,” founded iBuumerang after Organo Gold, but pivoted to crypto fraud in 2022 with Meta Bounty Hunters, per Business for Home. Meta Bounty Hunters and its sequel, Meta Bounty Huntresses, collapsed in February 2023, per. Buggs promoted The Traders Domain Ponzi, recruiting 517 investors for $54M, per CFTC lawsuit (October 2024). A June 2023 leak pegged Traders Domain losses at $3.3B, with Buggs allegedly stealing $125M, periBuumerang’s Ellev8 forex scheme drew a New Zealand fraud warning, per Reddit/antiMLM. Buggs consented to a Traders Domain injunction in January 2025, freezing assets and requiring cooperation, per. By June 2025, he surrendered assets, including a Houston home liened for $1M (auction November 2025).
The merger positions Buggs as Risen Live’s Chairman of the Board, potentially shielding assets from U.S. courts amid a CFTC receivership expansion motion (November 4, 2025), per. Buggs opposed the motion on November 19, despite the lack of named entities. iBuumerang’s sale may offshore funds, as Buggs plans an Egypt event this month. Risen Live’s lack of transparency and Dubai ties suggest a risky pivot, per Reddit/antiMLM. Buggs’ “I knew nothing” defence failed, leading to sanctions.
The merger could expose Risen Live promoters to fraud risks, with Buggs’ history of pillaging iBuumerang for Ponzi schemes, per ScamRisk. Investors should avoid iBuumerang/Risen Live and verify MLMs via sec.gov or ftc.gov. Bitcoin (BTC) ($113,234) and Ethereum (ETH) ($4,070) remain stable, per CoinMarketCap, but MLM scams like Traders Domain erode trust. Diversify into USDC or ETH with stop-losses below BTC’s $112,000, per TradingView. Follow @TheBlock__ on X for updates. Buggs’ Dubai move may evade U.S. justice, but global regulators watch closely,
