Scott Morris from Fireteam1 is a scam artist. He’s a convicted felon according to his own words. He’s currently (June 2024) under investigation by the SEC in relation to a scam called Cryptoprogram. He has hired a lawyer and had all of his communications subpoenaed. He has promoted Ponzi scheme after Ponzi scheme for years. He has also operated PAMM accounts that were scams showing fake trading data to deceive people into depositing. I will show proof of my claims in this post.
The reason I’m writing this post is to warn others who may have come across his “we’re going to be rich and I’ve found the secret to making money” schemes. Myself and others have reported him to the SEC, FBI, and FTC. If you’ve fallen victim to any scams he promoted, make sure to go report him to the SEC as well. You can do that here: https://www.sec.gov/tcr
DO NOT INVEST ANY MONEY WITH SCOTT MORRIS OR YOU ARE LIKELY TO LOSE IT.
I DO NOT make money from this post or any warnings about deceivers, liars, and scammers. I do this because I am genuinely bothered by their actions and how they destroy families. People who are victims of scams can lose everything and some have even committed suicide. I create these posts to warn the public.
I don’t promote any “programs” or have any affiliate links. I am not collecting any money from anyone (despite Scott’s lies saying I am). My YouTube channel makes around NEGATIVE $150 per month. In other words, it costs me money to expose these scammers. My only motivation is to warn people about scams and scammers so they don’t get taken advantage of.
Who is Scott Morris from Fireteam1.com?
Scott is an MLM Ponzi scheme promoter who operates under the brand name of Fireteam1.
Here are some highlights of Scott’s past listed. Then I’ll explain them in more detail.
- 1990s – Scott was convicted of a felony
- 2005 – He failed to pay his 2004 and 2005 taxes to the IRS and had a $120,000 lien placed on his personal home
- 2006-2008 – He was sued by multiple people for stealing their money (or not paying them what he owed – the same thing in the context of his scams). He has a $100,000 judgment against him. He also agreed to settle with other people. From what I can tell, he didn’t ever pay it.
- 2008: Filed for Bankruptcy (http://ponzipatrol.com/wp-content/uploads/2024/09/Scott-Morris-Bankruptcy-filing.pdf)
- 2010: Was sued by a company he was employed at for fraud and breach of contract. He worked as a telemarketer. He allegedly set up his own websites and directed the customers to his website instead of the company he worked for. When fired for this he allegedly “
threatened to enter into direct competition with Plaintiff and negatively affect Plaintiff’s business, unless a cash settlement was offered”. Select Care vs Morris - 2012: Was sued for defamation by his bankruptcy attorney after creating negative websites about him. Scott lost and was ordered to pay $115,000 in damages.
- 2021: Scott sues Earnie Ganz. Scott alleged that Earnie Ganz, as a trader, lost all of the money in one of Scott’s PAMM scams. Scott dropped the lawsuit after Earnie hired a lawyer. Morris v Ganz
Scott was admittedly convicted of a felony. According to the accusations of Scott being convicted of a felony, the same person said it was for fraud. Scott did not deny this and actually confirmed he was convicted of a felony.
People who are convicted of fraud are some of the most unlikely criminals to change their ways. Over 58% of white-collar criminals (fraud) are arrested again within 3 years (Source). The stats are so high (and I’ve seen higher percentages) because people like Scott Morris and Ed Zimbardi, have brains that are wired for deception. It’s natural for them which makes them seem as if they have good intentions. In a way, they “can’t help themselves” and won’t stop by themselves. It seems to be some kind of addiction. This is why law enforcement is needed. Scott seems to have learned how not to get caught again (so far) but he did not stop defrauding people. More details on his scams further down.
Scott claims to have been the largest real estate wholesaler in Houston, Texas, in the period leading up to the 2008 collapse. I can’t find any documentation of him being a real estate wholesaler. However, I have found that he was selling “mentoring” or similar via real estate seminars.
Were Scott Morris’s Real Estate Seminars a Scam?
I’ve seen quite a few complaints about Scott’s real estate seminars. If you ask some of the attendees they seem to think that these seminars were a scam. Scott’s bad character is historical. This is the only information about Scott being in real estate that I can find and it doesn’t look good. This is the scam he was sued for and he lost in court. I’ve received email chains from some of the victims of this scam where Scott was making excuses for why he wasn’t paying them.
Here are some links to complaints against Scott:
Personal Home of Scott Morris Foreclosed On
Scott tries to play the role of an investing and financial guru. He puts on “get out of debt” webinars to try to sell people into MLM companies. He talks about how much money he makes and how he dresses nicely and spends all kinds of money. He talks about making millions and being a real estate guru. How come his advice didn’t work for him?
Scott Morris had his personal home foreclosed on in 2020. When this public foreclosure was brought to light in a YouTube video, Scott tried to play this off as if it wasn’t true. He said something along the lines of “I used to do real estate so it’s possible he found a foreclosed home that I purchased.” Yet, Scott didn’t admit to the TRUTH. This wasn’t a real estate investment, this was his personal home, which was foreclosed in 2020. I know people fall on hard times. But he denied it. His image was worth more than the TRUTH. HERE IS PROOF
The proof link above shows a lawsuit that US Bank filed against Scott and his wife. The result of the lawsuit? Scott and his wife lost their home in a foreclosure. They stopped paying for their home, owed the bank too much money and the bank took it back.
The reason this matters is because it’s illegal to not disclose this information when you’re selling passive investments. His leaving out crucial information like having a felony related to financial crimes or having a bankruptcy, or having his home foreclosed is illegal. Investors need to know the financial stability of the person who is giving them investment advice.
This foreclosure came at a time when Scott Morris was claiming to be a successful trader and selling courses and trading signals to people. How can he not afford to pay for his $300,000 (at the time) home if he’s a successful trading, investing, and real estate guru?
Scott Morris Death Threat, Doxxing, and Lawsuit Threats
Scott has issued death threats against me and my family for exposing his scams. He has doxxed my name, email, phone number, and address. He has threatened repeatedly to sue me to “bury him (referring to me) in legal filings”.
He has threatened to leak fake photoshopped photos of me. He has accused me of soliciting money from the victims of his crimes. He has laughably said I was being investigated by the SEC.
Scott has called me a scammer and said I made a fake Telegram group using his name to steal money from people. Then he admitted to making it up.
He claims he is doing all of these things because he says I make things up about him. The thing is, I bring the facts and evidence. The rabbit hole goes deep here and Scott tries to delete the evidence from his website and YouTube channel. I’ll keep things as simple as possible while providing enough evidence so you know I’m telling the truth.
Scott Morris Fireteam1 Scams
Since 2019 (and likely before), Scott has been involved in stealing money through Ponzi schemes.
List of known Scott Morris scams:
- The Rhino Fund
- ASJ Forex Global
- COTPs
- IPC
- FastBNB
- Aufin
- Arbitrage Stack
- Aladdin Bot
- Maxpread
- Affiliate Advertising Club
- EnviFX
- CryptoProgram/AMS
- Stable Trading
- Stable Trading 2.0
- Whitehat Zone (same as Stable Trading 2.0 but new name)
Scott Morris of Fireteam1 Admits to Promoting Scams
Scott has admitted that he plays Ponzi schemes as a way to make money.
A Ponzi is a scheme set up to defraud investors. It’s structured in a way where there is no (or very little) external revenue being generated. Investors are led to believe that the investment is in a real business where the company generates returns from things like trading, real estate, ad arbitrage, or any number of investments.
However, there are no actual investments, and the money from the newest investors is used to pay the older investors. This is often referred to as “robbing Peter to pay Paul”. These schemes collapse when there are not enough new investors to pay the investors that “got in” before them. While investors keep adding money to fund the scam, the promoters and the owners of Ponzi schemes are liquidating and taking money out of the “investment opportunity”.
Again, Scott Morris admits to making money in Ponzi schemes. Here’s a clip of him admitting to it:
The Rhino Fund by Scott Morris
The Rhino Fund was a PAMM account owned and operated by Scott. Scott had a trader named Earnie Ganz, who was accredited for making lots of money trading for the fund.
The Rhino Fund claims to have made 80% in the first year.
Scott solicited investors into The Rhino Fund by telling people they could make a lot of money. Well, the people in the scam lost all of their money. Scott blamed Earnie Ganz for removing the stop losses and losing all the money. In reality, I believe that Scott was showing fake trading data to the investors and then he stole all the money. This is what normally happens in PAMM Ponzi schemes.
Scott sued Earnie Ganz and created a website about the lawsuit. According to Earnie Ganz, Scott Morris raised money from the investors to sue him. After he raised the money, Scott filed the lawsuit by himself without a lawyer and then quickly dropped the case, pocketing the money he raised from the investors.
No matter what actually happened here, the most important take away is that the investors lost their money in a scheme set up by Scott Morris.
COTPs
COTPs was a large MLM crypto Ponzi scheme promising investors astronomical returns. Scott claimed to have made $150,000. Later, he also admitted to knowing COTPs was a Ponzi scheme and that he promoted it and invested in it anyway. This is in the video in the previous section about him admitting to promoting Ponzi schemes.
Referring anyone to a Ponzi scheme is illegal. It’s also immoral and unethical to try to steal money from victims of a Ponzi scheme. Scott admitting he knows this was a Ponzi and doing it anyway is literally the same as him saying “I’m a scammer and I sign people up to scams to make money”.
The most important takeaway from this, again, is that investors he referred to this scheme can’t access their money. Have you seen the theme yet? If anyone invests in anything Scott promotes, they’ll end up losing all of their money.
Intelligence Prime Capital (ICP)
This was just another MLM crypto Ponzi scheme that Scott Morris promoted to his followers. Guess what, it collapsed as well and Scott knew it was a Ponzi scheme. Yet, he promoted it and stole money through receiving commissions from those he introduced into the scam.
The most important takeaway? You probably guessed it…
The investors he referred to this scheme can no longer access their money. Why would anyone listen to anything he says with a track record like this? Crazy though, some morons still stick up for him and get scammed by him over and over again. If you’re reading this, don’t be one of those people.
ASJ Forex Global
This was a trading scam that collapsed in 2022. Scott admitted to promoting this via his YouTube channel in this now deleted video: https://www.youtube.com/watch?v=XRLJ0aflqgI.
This scam was given a fraud warning out of the Philippines: https://www.sec.gov.ph/advisories-2022/asj-forex-global-sec-advisory/#gsc.tab=0
The money in this scam disappeared just like every scam Scott has promoted.
FastBnB
FastBnB was another Crypto MLM Ponzi scheme that has collapsed. It offered 3% per day in returns. Do these scams get anymore obvious than 3% per day, 9% per day, etc?
Scott admitted to promoting this in the now deleted video: https://www.youtube.com/watch?v=myg-ncReUWc
Scott made his commissions from recruiting victims into this scam and eventually FastBnB collapsed and the money disappeared. A pattern seems to be emerging, eh?
Aufin
This was a Ponzi scheme promising up to 9% per day in returns. Talk about an obvious Ponzi scheme…9% PER DAY. Scott admitted to promoting this in the now deleted video: https://www.youtube.com/watch?v=myg-ncReUWc
This received a fraud warning out of Russia: https://cbr.ru/inside/warning-list/detail/?id=14371
Guess what? This was another MLM crypto Ponzi where Scott made commissions from his victims and the money in the scam disappeared.
Arbitrage Stack
This was a short-lived MLM crypto Ponzi scheme Scott promoted. This disappeared within a month of launching. The owners of this scam were anonymous. The CEO was clearly not the person who was running the scam behind the scenes. Guess what though…
The people Scott referred to this scam lost their money just like in all of the other scams.
Aladdin Bot
This was an MLM crypto Ponzi scheme promoted by Scott. It received a Cease and Refrain (cease and desist) from the state of California for being a scam: https://dfpi.ca.gov/wp-content/uploads/sites/337/2024/08/D-R-AladdinBot-Limited.pdf
This is now a collapsed scam just like everything else Scott promotes.
Affiliate Advertising Club
This was a scam set up by Clay Montgomery and promoted by self-proclaimed guru, Scott Morris. This was a “click a button” type MLM crypto Ponzi scheme. Once people invested they were required to go in and click on things once per day to qualify for the next “cycle”. A cycle was supposed to double your money. The problem, payout cycles were funded by new money and the supposed company profits. Since the owners and promoters, like Scott, were taking all the money, there wasn’t any left to pay others for a “cycle”. Clay and the promoters who referred people have made off with all the money in this Ponzi. Scott was a top 5 promoter in this scam.
Scott claimed he was hiring a contact in the Philippines to find Clay Montgomery. I seriously doubt he did this. Scott acts the same way after scams collapse every time. He acts upset and angry, kind of like when he sued Earnie Ganz with no intention to follow through. However, Scott knows going into these things that they are Ponzi schemes. He’s admitted it. So him being mad a Ponzi scheme collapses is all just for show to keep the naïve investors on his side. Then, the naïve investors follow him into the next scams.
Everyone who deposited money into this scam at Scott’s direction lost it just like all the other scams. And so… the theme continues.
EnviFX
Scott Morris recommended people sign up for this illegal offshore brokerage back in 2022. He wanted people to use this brokerage for “8-Minute Trader” (another scam he was involved in). Scott has recommended other illegal offshore brokerages before too such as Mugan Markets and BlueStarFX. Mugan Markets is under fire in the Netherlands and the US and is tied to Scott’s friend, Ed Zimbardi.
After looking up reviews about EnviFX it’s obvious this is the typical brokerage where people deposit money and can never withdraw it.
Imagine that… Scott Morris getting a commission for recommending something only for everyone to lose all of their money.
Cryptoprogram also known as AMS or AMSYS
Scott Morris was the 2nd largest affiliate in CryptoProgram/AMSYS. CryptoProgram was set up by Ed Zimbardi, who is one of Scott’s friends. This was a $100,000,000+ Ponzi scheme. Scott was making more than $100,000 per month because he signed up so many people. However, Scott only invested $3,300 of his own money. Wonder why? Maybe it’s because he knew it was a scam? Scott was telling everyone this was a “real business” and not a “money game”. In other words, he was trying to claim this was a legitimate company and not a Ponzi scheme like all the other scams he promotes.
This scam was issued a Cease and Desist from the state of California for being a Ponzi scheme. Instead of shutting the scam down, they simply just changed the name from Cryptoprogram to AMS and continued to scam people.
This scam collapsed in July/August 2023. Scott immediately started promoting his newest scam called Stable Trading.
Everyone invested in Cryptoprogram/AMSYS lost their money and it’s stuck in the system. This scam is under investigation in the US by the SEC. The founder, Ed Zimbardi, has been subpoenaed to provide records and so has Scott Morris.
Maxpread
Maxpread was a Ponzi scheme that has collapsed. It was given a Cease and Refrain order out of the State of California: https://dfpi.ca.gov/wp-content/uploads/sites/337/2023/04/DRO-Maxpread-Technologies-Limited.pdf
Scott promoted this alongside Jacob Diamse (Jamzee). This is a typical scam where it went well for a bit and then collapsed. No one can get their money out.
Stable Trading
Scott accepted over $1,000,000 in investments for this PAMM. But guess what? No one can get their money out now. I created a warning video about Stable Trading and quite a few people attacked me for it. Well, unfortunately for them they lost their money.
After I posted this video, my website was DDOS-attacked to try to take my site offline.
Scott Morris set up Stable Trading by showing people fake MT4 trade data. This is evidenced by the -8.44 Z score shown in MyFXbook. The Z score is some nerdy math that says how likely it is that the trades are to be real. A normal number would be between -1 and 1. A Z score of -8.44 = impossible for the trades to be real. In fact, you’re 63 billion times more likely to be struck by lightning than for the trades to be real. This is proof that Scott was faking the trade data to get more people to invest.
Stable Trading was issued a fraud warning out of BC in Canada. Source Here
Scott used an illegal offshore brokerage called Mugan Markets for people to deposit their money into. Why did Scott choose this brokerage? Well, it’s because Ed Zimbardi is the person who owns or controls Mugan Markets. Remember, Ed is the creator of the scam called CryptoProgram that Scott is friends with. How convenient, right?
Now, Scott is blaming Mugan Markets for stealing everyone’s money. But, Scott knew it was controlled by Ed Zimbardi and it’s quite obvious that Scott and Ed stole the money that was deposited through Mugan Market’s backdoor.
Stable Trading 2.0/ White Hat Zone
This is Scott’s newest scam. It’s a PAMM account just like Stable Trading 1.0 was. He’s going to show fake trade data to get everyone to invest. Scott has changed the name from Stable Trading 2.0 to White Hat Zone.
He switched brokerages to BlueStarFX. BlueStarFX is an illegal offshore brokerage as well. Based on information and belief, BluestarFX is owned by scammers like Dino Stylianopolous, Jack Cobb, Wayne nash, etc. Wayne Nash is a known scammer living in Japan but originally from Canada. Wayne has promoted many Ponzi schemes. Wayne owns AMFX, which seems to be an equity owner of BluestarFX. Wayne and Scott were both affiliates in CryptoProgram so I believe they met there. Another owner is Dino S. Dino was one of the largest promoters in USI-Tech, a $100,000,000+ Ponzi scheme that collapsed years ago.
I can already tell you the outcome of Stable Trading 2.0 and I’m sure if you’ve read this far, you know exactly what will happen as well. The investors will end up not having access to their money. The reason doesn’t matter because it will be made up and preplanned. It’s the same pattern over and over again, just with different lies and excuses.
Conclusion
Scott Morris is a scammer (admittedly). The people who follow him are victims and they don’t even realize it, YET. They suffer from the old saying “It’s easy to fool someone but impossible to convince them they’ve been fooled”. He is, at times, a smooth talker who seems believable. Once he gains your trust and gets you to invest money in the next “get rich quick scheme” he’s promoting, your money will disappear. Then he’ll offer you another one. Don’t be fooled.
Make sure to report any of his scams to the SEC and CFTC. The more complaints they receive, the more. likely they are to investigate.