Laetitude

Quick summary on Laetitude

Shadowy Leadership and Fraudulent Past: 
Laetitude is founded by David El Dib, a former BitClub Network scammer with a history of association with Russ Medlin, a convicted felon behind the $722 million BitClub Ponzi scheme. The company provides no transparency about its leadership, hiding its origins behind a privately registered domain.

Operating from Dubai – A Scam Safe Haven: 
El Dib and his associates operate from Dubai, a jurisdiction known for its lack of regulatory oversight in financial fraud. They run Laetitude under Spring7 FZ LLC, a shell company used to evade legal accountability.

No Legitimate Product – Classic Ponzi Scheme: 
Laetitude does not sell any actual products or services. Instead, affiliates only earn money by recruiting others, a red flag that aligns with typical pyramid schemes.

Fraudulent Crypto Trading Bot Claims: 
Laetitude falsely claims to offer AI-powered crypto trading bots with high returns. However, these claims lack any financial audit or transparency. The associated platform, Swapoo, is registered in the British Virgin Islands, a well-known tax haven used by fraudulent entities.

Exploitative and Deceptive Compensation Model: 
The company lures people into its multi-tiered affiliate structure, where earnings depend on continuous recruitment rather than actual trading profits. This type of model ensures losses for the majority while enriching only the top recruiters.