The Skainet Systems Ponzi scheme has collapsed.

Instead of just being honest about running out of new investment to pay withdrawals, Skainet Systems has announced a baloney Cermak reboot.

Skainet Systems was an MLM crypto Dubai Ponzi fronted by serial fraudster Michael Baur.

The scam first exhibited signs of collapsed back in December 2024 with delayed withdrawals. Withdrawals were further restricted in February 2025.

Skainet Systems initiated its final Ponzi exit-scam a few weeks ago by way of fake “negative trading results”:

(initial negative)

On or around May 27th the exit-scam ruse continued, with Skainet Systems this time posting a fake “30% trading loss”.

This brings us to Skainet Systems’ collapse announcement today.        

Unfortunately, the HFT Trading of skainet faced many issues the last weeks and under the pressure of high profit expectations, the trading caused the loss.

\After the 30% minus last week, the team of Skainet risked it all, including the pending profit and commission balances. They wanted to recover as fast as possible but unfortunately this didn’t brought the intended result.

What will happen now:

As some of you may have already heard, Cermak will cancel the cooperation with the Skainet HFT Traders and bring instead an own new copy Trading Product. This is a new business and is based on classic swing trading.

Cermak is a bogus trading broker created in or around January 2024 as part of Skainet Systems’ Ponzi ruse.

In relation to Skainet Systems, German authorities issued a Cermak fraud warning in February 2025. The Central Bank of Russia also issued a Skainet Systems fraud warning in March 2025.

Now Cermak, run by the same scammers behind Skainet Systems, is being presented as an independent reboot Ponzi.

Cermak made a deal with the Skainet team, that includes the complete transfer of the Skainet structure into the Cermak business including this telegram channel.

But also, Cermak declares, to setup a refund Pool for the Skainet members, who experienced a net minus in the Project.

How it will work in detail step by step:

This week, the new Cermak business will be launched. Every skainet user will be able to log into the Cermak backoffice with his skainet login. There you will find your complete structure, that was build in skainet.

Logically it makes no sense to take on a collapsed Ponzi scheme and investor loss liabilities. This is all just a ruse to steal more money from gullible Skainet Systems investors.

You will receive a weekly payment into your refund wallet until you are break even! YOU DONT NEED TO INVEST ANYTHING!

5% from all profits of the new business goes to the Skainet Refund, until all members are at least break even!

Also, if someone is participating in the new business from your downline, you will receive full commission without investing anything by yourself.

5% a week of backoffice monopoly money runs Skainet Systems’ final exit-scam for approximately 20 weeks, or almost five months. That’s plenty of time to delete incriminating evidence and make a clean getaway.

Alternatively Skainet Systems victims might be hit with a recovery scam, wherein new money is asked for before backoffice monopoly money can be withdrawn.

Regarding Michael Baur:

He will continue as the CMO for the new Cermak Business and he was the one, who insisted for a refund solution!

He will hold a big webinar on Wednesday this week, where he will explain everything one more time in detail!

Oh and apparently Michael Baur didn’t steal enough money the first time around. He’s back for more too.

Not expecting anything other than a long-drawn out exit-scam (i.e. Cermak collapses, “how could this happen again?”). Pending any further significant updates though we’ll keep you posted. 

Failing which, Skainet Systems investors should assume their money has been misappropriated by Baur and his accomplices hiding in Dubai.

this atticles reference material originally reported by Behindmlm.com