Gang of scam Dracula lands in Dubai


Sensing immense opportunities of cheating millions of people nefarious scam Dracula such as Nuno Jorge Da Cruz Sebastiao alias Jorge Sebastiao is leading a massive scam cartel, with the notorious agenda of cheating millions of people in Dubai and rest of the United Arab Emirates as well as other countries in the Middle East. It may be mentioned here that, Jorge Sebastiao has already established an office of a fraudulent company named EcoX in Dubai under the garb of event management company, although members of EcoX including Jorge Sebastiao are active member of a scam cartel named Bank Bene Merenti and YEM Foundation which sells bogus YEM coin. A Jordanian national named Saif Al Nazi (known as DJ Saif) is a partner in EcoX. Another individual named Dan Settgast is also one of the kingpins of this racket.

It may be mentioned here that, His Royal Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council is enthusiastic about the outcome of Dubai Metaverse Assembly, a new global event, which is scheduled to take place during the end of September 2022. According to media reports, this global event aims to discuss how to make the most of metaverse’s promising opportunities to serve the mankind.

HRH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said that the forum represents a global incubator for future metaverse makers.

“Metaverse is a promising digital world. We aim to harness this technology to enhance the quality of life in the UAE and across the globe”, HRH Sheikh Hamdan bin Mohammed said. He highlighted that Dubai Metaverse Assembly embodies the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, for the emirate to become a global hub for innovation and futuristic transformations and a key driver for digital and knowledge-based economies around the world.

The Dubai Metaverse Strategy is the first initiative of the higher committee formed under the directives of the Crown Prince during the fifth meeting of the Dubai Council in May 2022.

READ: Nobel Prize nominee Don Milan Krajnc calls for removing name from EcoShuMi Foundation

The committee, chaired by HRH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, aims to oversee all future technological developments in Dubai’s digital economy and ensure that Dubai’s legislative and legal framework keeps up with the rapid developments of the digital economy and tremendous technological progress.

“We want Dubai to lead globally in adopting the technology of the future, understanding its developments, harnessing its potential, and driving change”, HRH Sheikh Hamdan said.

While Dubai Metaverse Assembly is a brilliant initiative of HRH Sheikh Hamdan bin Mohammed, key policymakers in the United Arab Emirates and the intelligence agencies are not aware of the fact that several scammers and scam cartels are already attempting to enter into UAE with fake crypto and so-called rainbowcurrency Ponzi schemes.

According to credible source, Nuno Jorge Da Cruz Sebastiao alias Jorge Sebastiao is one of the kingpins of massive scam cartel named Bank Bene Merenti that sells fake crypto named YEM coin to hundreds and thousands of people around the world, especially African and Asian nations. Bank Bene Merenti claims its fraudulent ‘YEM coin’ is “Rainbowcurrency”, an alternative name of Crypto. In our previous reports we have reported in details how this dangerous scam cartel, by making false claim of being an affiliated of the Bank of Japan is robbing-off hundreds of millions of dollars through fake YEM crypto by fooling people in Uganda, Nigeria, Ghana, Burkina Faso, Niger, Gabon, Zimbabwe, Gabon, Bangladesh, India, Pakistan, Sri Lanka, Afghanistan, the Philippines, Indonesia, Thailand, Vietnam, Cambodia, LAO PDR, Myanmar, Malaysia, Lebanon, Saudi Arabia, Jordan, Oman, Bahrain, Syria, Libya, Iran, Iraq, Egypt, and the United Arab Emirates.

Media reports claim, Bank Bene Merenti has so far collected more than US$2.14 trillion by fooling people who lack adequate knowledge inter-based scam cartels in the world of crypto. These reports said, the YEM coin crypto which is sold by Bank Bene Meneti and few of its co-gangs is non-existent and people putting money into this fraudulent venture would definitely lose everything.

The so-called Bank Bene Merenti shows a market cap of its YEM (Your Everyday Money) equivalent to US$ 2.14 trillion and claims to be a project of the Bank of Japan. Under Japanese and international laws, such claims are tantamount to serious criminal acts.

It may be mentioned further that there is no country or sovereign entity in the world named ‘Bene Merenti’, except for a foundation named ‘Sovereign Order Bene Merenti’, which has no connections or links with the Bank Bene Merenti scam cartel or its bogus YEM coin. ‘Sovereign Order Bene Merenti’ is an association or foundation registered on December 29, 2005 in Riga, Latvia. Its registration number is 40008097119. Its postal address is Lielirbes iela 6 – 92, Rīga, LV-1046 and Certificate of Registration number is B011805, dated July 30, 2009.

According to Latvian authorities, ‘Sovereign Order Bene Merenti’ organization does not exist since 2019.

READ: Jorge Sebastiao – a scammer, a gangster, a trafficker

Dan Settgast and Jorge Sebastiao are two of the kingpins of the scam cartel named Bank Bene Merenti, which has been robbing-off hundreds of millions of dollars through fake YEM crypto by fooling people through false claims and well-orchestrated propaganda. This scam racket runs under a Nevada-based non-profit named ‘YEM Foundation’. By pretending as an affiliate of the Bank of Japan, this scam cartel is mainly cheating people from Uganda, Ghana, Gabon, Tanzania, Nigeria, Kenya, Gambia, Ethiopia, Congo, Sudan, Angola, Burkina Faso, Mozambique, Cameron, Madagascar, Mali, Malawi, Senegal, Chad, Somalia, Zimbabwe, Rwanda, Guinea, Benin, Burundi, Tunisia, Libya, Egypt, Sierra Leone, Togo, Central African Republic, Liberia, Mauritania, Eritrea, Botswana, Lesotho, Guinea-Bissau, Mauritius, Eswatini, Djibouti, Comoros, Cape Verde, Seychelles, as well as South Asian countries such as Bangladesh, India, Pakistan and Sri Lanka. According to credible sources, this racket has also expanded network in the Philippines, Indonesia, Malaysia, Lebanon, Jordan, Oman, Bahrain, Syria and UAE.

According to information, Bank Bene Merenti and YEM coin cartel is running under the umbrella of another entity named ‘YEM Foundation’, a domestic non-profit corporation registered in Las Vegas, Nevada, USA as a non-profit company. Company Number: E0553072017-8. Native Company Number” E0553072017-8. YEM Foundation does not have its own office in the US. Instead it uses a virtual office address provided by a company named PHYSICALADDRESS.COM.

Our investigative reporter in the US has already checked every detail of the YEM Foundation, and found that the YEM coin and Bank Bene Merenti scam cartel is using this US non-profit as a shield of their criminal activities. It is also learnt from credible source that hundreds of millions of cheat-fund of Bank Bene Merenti, YEM coin, Dan Settgast, Jorge Sebastiao and other members of YEM Foundation scam ring is secretly deposited in various offshore accounts with the help of the Nevada-based company that provides virtual office address (304 S JONES BLVD, Las Vegas, NV, 89107) to this cartel.

It is also learnt, Jorge Sebastiao, real name Nuno Jorge Da Cruz Sebastiao, a British national is the President of YEM Foundation and one of the top kingpins of the Bank Bene Merenti and YEM coin scam cartel.

A new platform of scamming Dracula gang in Dubai?

On September 13, 2022, Jorge Sebastiao has launched another fraudulent entity named ‘EcoShuMi Foundation’(Web Archive Link), which is believed to be a massive fraudulent preparations eyeing on the ‘Dubai Metaverse Assembly’. Our reporters already are investigating background of the individuals named in this organization. According to information, individuals involved with ‘EcoShuMi Foundation’ are:

Kamil Grund, Founder, EcoShuMi Foundation(Web Archive Link),

Bruce Jeong, Co-Founder EcoShuMi Foundation(Web Archive Link), CEO, Eulogian Foundation, Eurasia representative of Sheikh Saqer Bin Mohamed Al Qasimi of a Royal Family Office, CCO Metabook,

Bruce Porter Jr., Co-Founder, EcoShuMi Foundation(Web Archive Link), CEO GlobalBoost, Founder at Washington Elite,

Hazel Herrington, Co-Founder EcoShuMi Foundation(Web Archive Link), Founder Herrington Publications Worldwide, Founder Destiny Arise,

Humaid Al Blooshi, Co-Founder, EcoShuMi Foundation(Web Archive Link),

Jorge Sebastiao, Co-Founder, EcoShuMi Foundation(Web Archive Link), Co-Founder Global Blockchain Organization, Co-Founder, EcoX,

Nanda Bhagi, Co-Founder EcoShuMi Foundation(Web Archive Link), Advisor – Global Trade Commerce & Industry [there is no such organization named Global Trade, Commerce & Industry in the world],

Mru Patel, Co-Founder EcoShuMi Foundation(Web Archive Link), Chairman & Founder, MyTokenized.Capital, Board Member, Royal Family Office of Sheikh Ahmed Bin Faisal al Qassimi,

Scott M. Schlimmer, Co-Founder EcoShuMi Foundation(Web Archive Link), Privacy, Startup Founder/Advisor, Former CIA Officer [we have already written to the Central Intelligence Agency (CIA) about this claim],

Zuzana Uchnarova, Co-Founder, UAE Liberland Ambassador [Liberland, officially the Free Republic of Liberland, is a micronation claiming an uninhabited parcel of disputed land on the western bank of the Danube, between Croatia and Serbia. It was proclaimed on 13 April 2015 by the Czech right-libertarian politician and activist Vít Jedlička, meaning such nation does not exist], Partner at LycanChain, Investor at Immersion4, Co-owner at ChainSense Liberland [another bogus claim because this so-called Liberland is uninhabited and disputed entity],

Ahmed Cruz, Founder & CEO at GlobeNet, Angel Investor,

Anthony Cruise, Chief Operations Officer, Private Office of HRH Sheikha Hend Al Qassemi,

Anthony Vippond, Co-Founder & CEO Lotus Energy, Chief Executive Officer Torus Group,

Ari Honka, CEO at AISBX, Stock Exchange for Small and Medium Size Companies [There is nothing called Stock Exchange for Small and Medium Size Companies],

Armando Camacho, Founder/CBO Inluxus, Chief Business Officer Super Luxury Events,

Babalola Omoniyi, Founder/Chief Executive Officer, PALEDEC,

Dr. Bernardo Javalquinto, Former candidate for the presidency of Chile,

Carl Dawson, CEO, Americas Next Investment, (Equity Crowdfunding TV Series),

Ms. Charmaine Yan, Founder, Bio-Genage,

Cory Warfield, Chief Connection Officer, Coryconnects,

Danilo “Dan” Dias, Founder, Start-up Advisor, Author, and Entrepreneur focused on disruptive technology, Security, Infrastructure, Immigration, and Global Business, COO, Hayman-Woodward Global Mobility, and CEO, Angel Oaks,

H.M. King Derile Pentland II, King at Kingdom of Pictland [there is no place in the world called Pictland],

Dina Ellis Rochkind, Senior Counsel, Government Affairs and Strategy Paul Hastings, Advocacy/Lobbying, Consulting, Strategic planning,

Dunston Pereira, COO to the Royal office of HH Sheikh Ahmed Bin Faisal Al Qassimi, TOP 50 Most Impactful Person on Linkedin, board of director in 15 NGO across world, Advisor to Numi Kingdom,

Dr. Eno Praise, Chairman, Chesterbtidge Group, Executive Director; Leaders Without Borders Development Centre [there are social media accounts of Leaders Without Borders Development Centre in the world, on LinkedIn account and Facebook account. According to the website, it claims to have offices in 21, Fox Grape Road, Thorold L2 V Ob4 Ontario, Canada; 4220 Duncan Avenue St. Louis MO 63110, USA, and Africa World Business Centre, Millenium Plaza, Sheikh Zayed Road, Dubai. But this so-called organization does not have any office phone number except for the only one in Dubai +971523731154],

Eliezer (Moodi) Sandberg, Former Minister of Science and Technology of Israel [according our information he is a former minister and associate of Prime Minister Benjamin Netanyahu, who was named as a suspect in the ongoing and ever-expanding corruption investigation into the multi-million-dollar purchase of naval vessels from Germany],

Elisa Bellesia, Founder and Chief Financial Officer, EBISBANK [according to the website of EBISBANK, this entity does not have any contact address or even phone number],

Ephraim Abel Kayembe, Ph.D, Former Deputy Minister of Foreign Affairs and International Cooperation of Malawi, Member of Parliament and current parliamentary chairperson on Population and Sustainable Development,

Fernando Martinho, CEO, [According to website of Relayz, this so-called organization too does not have any office address or contact phone number],

Gustavo Montero, Founder/Principal, GAM Advisory LLC, Founder/Director, PALMER FZE,

Hari Eppanapally, [According to his LinkedIn account, Hari Eppanapally is is currently associated with Elysium Ventures LLC],

Kevin Hugh Donnery, Chief Operating Officer, Animal NFT,

Kerry Adler, Kerry Adler, Founder, President and Chief Executive Officer, SkyPower Global Group of Companies,

Israel Pons, Co-Founder, Mr. Pitch at The Beach, CEO, ANGELS NEST, “Network of Angel Investors”,

Laila Rahhall, President, I AM AFRICA, Founder & President, Business Gate,

Mahendra Singh, Founder and CEO, Board Chairman, Benovymed Healthcare, WHO Geneva Expert Member, Digital Health, World Health Organization (WHO), Geneva,

Marcus Bernestrom, Founder & Board Member, FundedByMe-MENA,

Baronessa María Isabel Jiménez Sánchez, Chairwoman, MVD Invest Group SA, Senior Advisory Consultant, The Private Office of HE Sheikh Abdulaziz Bin Duaij Bin Khalifa Al Khalifa, Founder & President, Isabel Jiménez Realty Corp,

Mariett Ram, Fortune 500 Diversity & Inclusion Strategist, 3X Bestselling Author,

Maurizio Cusimano, Advisor in the field of Criminology and Anthropology, Ministero della Giustizia, Ambassador at large, UNDC, Diplomatic Committee International Organization,

Michael Sugiura Rofe, CEO, Broadcast Consultant, Rofe Associates Inc, Chairman, Tokyo Task Force, iCTVBA, Chairman & Global President, International Cloud TV Broadcasters Alliance,

Michael Eisa, Group CEO, Eisa Smart Group,

Don Milan Krajnc, Nobel Prize nominee,

Moaid Mahjoub, Global Director of Business Development and Strategy at Private Office of Princess Jawaher bint Abdullah bin Abdul Aziz Bin Jalawy Al Saud,

Nader Sabry, Chief Growth Officer, Nazwa firmyGrowth, Ninja School, Founder,,

Natalia Sokolova, Managing Partner, SGG World, 2nd Gen Family, DeFi, ESG,

Nikhil Madan, Founder, DueDash,

Nikolay Shkilev, CEO, ZELWIN, CEO & Founder, Private Business Club,

Phillip Kopp, CEO and Co-Founder, Conectric Networks, LLC,

Peter Magurean III, President, Peter Magurean III,

Prince Dr Rina Telesphore, Head of the Royal House, Madagascar Royal Office,

Prince Samuel Adesegun Egunjobi, Founder, Rebuild Afrika Foundation,

Sanjit Dang, Chairman and Co-Founder, U First Capital,

Shayhan Merchant Javed, Aramco Power Systems,

Shashank Randev, Founder, 100X.VC, iSAFE Notes,

Suma Khazmo, Co-founding partner/Chairperson, Neuterics Medical and Biotechnologies LLC, Abu Dhabi, in partnership with HH Sheikh Mohammed bin Ahmed bin Hamdan Al Nahyan; Co-founding partner, Al Hajal Optics Group, International Partner, Swiss Eyewear Group, Switzerland, CEO, Regal Optics & Medical Devices, Head Business Development, AEBI Biotech/ MuTaTo Cancer Cure,

Vivian R. F. Linssen, Founding Executive Director, International Multidisciplinary Neuroscience Research Centre (IMNRC asbl/vzw), Independent Candidate for the 2024 European Commission Presidency.

As our reporters are further investigating this suspicious EcoShuMi Foundation(Web Archive Link) and other scam rackets in Dubai and elsewhere in the world, we shall continue to publish reports exposing those criminals and scammers. Meanwhile, we are requested individuals and journalists around the world to provide us information on MLM, Ponzi scheme, cryptocurrency, rainbowcurrency and similar crime rackets.

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READ: Bank Bene Merenti, a crypto Ponzi scheme

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