DANNY DE HEKFor anyone still under the illusion that Wyoming’s business-friendly policies are somehow good for innovation, let me introduce you to one of the dumbest loopholes in corporate registration: the DAO LLC.

A system so broken that companies engaged in blatant fraud can be struck off and then reregistered under the exact same name with the same agent—as if nothing ever happened.

The Wyoming Secretary of State: Enabling Fraud at Scale

Take Affiliate Marketing 3.0 DAO LLC, for example. This company was registered in Wyoming on February 28, 2024 and dissolved on June 10, 2024 after being caught providing fraudulent information. The Secretary of State sent them a Notice of Administrative Action, giving them 60 days to appeal the decision. When they failed to correct their fraudulent filings, their articles of organization were forfeited—as they should have been.

End of the story, right? Wrong.

Would you believe that Affiliate Marketing 3.0 DAO LLC was reregistered on July 16, 2024—using the exact same name and the exact same registered agent?

This is not just a failure of oversight—it’s an absolute mockery of the system that allows financial criminals to hit reset and scam all over again.

Shavez Anwar: The Successor to Sam Lee and the Master of DAO-Based Ponzi Schemes

Affiliate Marketing 3.0 DAO LLC wasn’t just any company—it was a fraudulent operation linked to Shavez Anwar, a successor to Sam Lee, the mastermind behind the $1.9 billion HyperVerse Ponzi scheme. Anwar has continued the crypto Ponzi playbook, running scams under brands like:

Like HyperVerse, these scams lure victims with false promises of high crypto staking returns and affiliate earnings—but they operate entirely on a Ponzi model, where money from new investors funds payouts to earlier participants.

Affiliate Marketing 3.0 DAO LLC was dissolved because it was a fraudulent operation. Yet, thanks to Wyoming’s DAO LLC loophole, it was able to reincorporate instantly, with no penalty, and continue its scam.

VYB COLLECTIVE LLC: Another Ponzi, Another Wyoming LLC Scam

And Affiliate Marketing 3.0 DAO LLC isn’t the only blatantly fraudulent operation benefiting from Wyoming’s lax rules. Another scam-laden company registered in Wyoming is VYB COLLECTIVE LLC, set up under Lovette Dobson at 5830 E 2ND ST, STE 7000, CASPER, WYOMING 21838, US.

For those unfamiliar, Lovette Dobson is a name linked to over 72,000 business registrations—a clear sign that this is nothing more than a legal smokescreen for mass LLC formations. No accountability. No transparency. Just an easy way to defraud people under the guise of an LLC.

Wyoming’s lax regulations allow scammers to register LLCs without disclosing real ownership or business activity, creating an ideal structure for fraud. Scammers hold all the governance power, meaning they can manipulate financial decisions to keep the money flowing into their pockets.

Why the Wyoming LLC Loophole is a Disaster

Wyoming was the first U.S. state to recognize DAOs as legal LLCs, a move supposedly meant to foster blockchain innovation. Instead, it has turned into a Wild West of unchecked financial fraud. The LLC structure provides scammers with the following perks:

  • No personal liability for members, allowing fraudsters to steal millions without risk.
  • Complete anonymity, shielding the real perpetrators from public scrutiny.
  • Cheap and easy registration ($100 filing fee, $60 annual report) enabling mass formation of shell companies.
  • Zero regulatory oversight, allowing criminals to reincorporate immediately after being dissolved for fraud.

The Cost of Wyoming’s Negligence: Real People Are Losing Money

Let’s be clear: this isn’t just about some abstract legal loophole. This is about real people losing real money to scams that could have been prevented if the Wyoming Secretary of State actually enforced meaningful regulations.

Instead, they have actively facilitated fraud, making it as easy as possible for scammers to exploit the system. It’s not just Lovette Dobson or Robin Jones signing off on these bogus registrations—it’s a state government that refuses to act despite overwhelming evidence of abuse.

Final Thoughts: Wyoming’s Business Laws Are a National Embarrassment

Wyoming likes to tout itself as a pro-business, blockchain-friendly state, but in reality, it has become the #1 U.S. jurisdiction for corporate fraud. The Lovette Dobson scandal and the Affiliate Marketing 3.0 DAO LLC reincorporation fiasco prove beyond a doubt that the system is fundamentally broken.

It is absolutely disgusting that the Wyoming Secretary of State allows this to happen—and they need to be held accountable for the damage caused by their negligence.

How many more people need to be scammed before Wyoming stops enabling fraud?

If you’re considering investing in a Wyoming-based DAO or LLC—DON’T. The system is a joke, and the scammers are the only ones winning.