Treasure Island Faces Scrutiny Over $200K Unregistered Investment Claims
Treasure Island, based in Las Vegas, Nevada, claims to have raised “just over $200,000” through an unregistered investment scheme, as reported in a May 6, 2025, email from “Jeff and Team Treasure Island.” The scheme promised a minimum 50% return within 12 months, tied to a reality TV show that was initially slated for 2024 but remains unproduced.
Investment Details
- Participation: Only 519 of 8,574 registered affiliates invested.
- ROI Liability: Treasure Island faces a 150% return obligation on the $200,000 raised.
- Funding Shortfall: The company aims to raise an additional $800,000 by July 1, 2025, to reach a $1 million goal for the TV show’s first season, set for September 2025.
Leadership and Legal Issues
Treasure Island is led by Jeff Jeffries, revealed by BehindMLM as Jeff Dyck, a convicted tax fraudster. Neither Dyck nor Treasure Island is registered with the U.S. Securities and Exchange Commission (SEC), raising concerns about the scheme’s legitimacy. On May 1, 2025, Dyck announced a pause in soliciting investments following BehindMLM’s report.
Future Plans
- Investment Resumption: Treasure Island plans to reopen funding for 30 days after securing the $800,000, offering investors a final chance to “maximize royalty shares.”
- Diversification: Dyck announced ventures into physical products (e.g., Pain X, Greens), dating, vacations, pet care, health, mobility, an “auto-approved group,” and a crowdfunding platform, with production slated for July/August 2025.
- Compensation Structure: A new plan will pay commissions on two levels of affiliate recruitment.