MemeGames’ website does not include executive or ownership details. On an unspecified date, MemeGames’ website domain (“memegames.ai”) was privately registered. However, MemeGames released a beta website in or around June 2024, according to the WayBack Machine. Serial scammer Sal Khan named Eric J. Dalius as the founder and CEO of MemeGames on December 17, 2024:
EJ Dalius, also known as Eric J. Dalius, has a criminal record. In 2001, Dalius entered a guilty plea to criminal charges pertaining to “multi-level marketing fraud.” The SEC filed a securities fraud lawsuit against Dalius more recently. Dalius was charged by the SEC with fraud related to his defunct Saivian Ponzi scheme.
Saivian approached customers for investment on the pretense of making money by selling receipt data. In 2018, the SEC sued Dalius, claiming Saivian was a pyramid and Ponzi scheme worth $165 million. Millions of dollars were raised by Saivian from Cashback Members both domestically and internationally between October 26, 2015, and September 1, 2017.
Dalius misused the most of money to fund his and his family’s extravagant lifestyle. Saivian did not make any money from the sale of POS receipts, despite what they claimed. Rather, membership purchases to Cashback Members themselves accounted for nearly all of Saivian’s earnings.
Similar to a traditional Ponzi scheme, Saivian paid out 20% cashback on retail transactions to some investors, fulfilling their promises through other investors’ contributions rather than any underlying, legal business activity. Dalius paid $24 million in February 2023 to resolve the SEC’s Saivian fraud claims. In 2021, while the SEC was still suing, Dalius started MuzicSwipe.
MuzicSwipe is a website for finding new music and material that aims to improve the relationship between artists and fans. It looks that MuzicSwipe was shut down in late 2023. Since then, MuzicSwipe’s website has been taken down. Dalius has now made a comeback with MemeGames. Read on for a detailed analysis of MemeGames’ multilevel marketing possibility.
MemeGames has no retailable products or services. Affiliates are only able to market MemeGames affiliate membership itself.
In order to track affiliate investment, MemeGames developed an internal points system called MG Coin, which is invested in by MemeGame affiliates.
After being invested, MG Coin can be utilized to take part in a three-tiered investment plan that looks like a game.
MemeGames offers a high-risk “prediction game” disguised as investment. Users choose between two memecoins and bet on which one will outperform the other within the next eight hours. In return, they can earn up to 1000% ROI in MG Tokens, MemeGames’ internal reward currency.
Tier-Based Reward Structure
Participants choose from three investment tiers:
10 MG Coins
25 MG Coins
100 MG Coins
Returns are based on how accurately users predict the memecoin with the higher gain. Top performers receive scaled rewards depending on placement:
10 MG Tier: Up to 100 MG Tokens (1st place), down to 10 MG Tokens (10th)
25 MG Tier: Up to 250 MG Tokens (1st), down to 25 MG Tokens (10th)
100 MG Tier: Up to 1000 MG Tokens (1st), down to 100 MG Tokens (10th)
Players are ranked based on the percentage change between their prediction time and the actual price movement of the memecoin.
Key Details
MG Tokens are used to track affiliate investments.
If an investor ranks outside the top 10%, they lose the daily ROI.
Investments expire after 30 days and must be renewed.
To withdraw, affiliates must convert MG Coins into $200 worth of Bitcoin.
The Problem
Despite the gamified appearance, this model disguises a Ponzi-like scheme. Returns are not based on external trading or value creation—only new investment fuels payouts.
MemeGames pays a passive return on investment (ROI) every day based on affiliate rank.
Rank Bonus
Affiliates can directly invest in MemeGames’ ranks, which range from 1 Star Founder to 5 Star Founder. This makes the daily commissions into a thirty-day investing plan:
Rank Bonus Match
The matching bonus paid out on individually recruited affiliate Rank Bonus returns increases with the amount of money invested by MemeGames affiliates:
Affiliate membership at MemeGames is free. Take note, though, that a “active fee” of $135 seems to be automatically subtracted from earned MLM commissions:
Although the frequency of this fee’s deduction is not stated, it is presumed to be monthly.
A minimum investment of $1000 is required to fully participate in the attached income opportunity.
Please take note that all MemeGames payments are made in bitcoin, even though USD amounts are listed in this review.
MemeGames falsely presents itself as a gaming platform, but it operates a “task-based” Ponzi scheme. Users are required to complete meaningless tasks to qualify for returns—tasks that serve no real function beyond masking the fraud.
There’s no external revenue generation; all ROI payments rely solely on new investor funds. This makes MemeGames a classic Ponzi setup.
Using the Howey Test, MemeGames meets all four criteria of an investment contract:
Investment of money ($1000–$6000)
Expectation of profit
Participation in a common enterprise
Profits reliant on the promoter’s efforts
Since neither Eric J. Dalius nor MemeGames are SEC-registered, offering unregistered securities constitutes securities fraud. Once recruitment slows, MemeGames is expected to collapse like other MLM Ponzi schemes.
WHOIS data : hiddenOwner : REDACTED FOR PRIVACYCountry : United StatesWHOIS registration date : NLWHOIS last update date : NLWHOIS renew date : NLWebsite : MemeGames.aiTitle : memegames.aiTraffic Coming From : Spain
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