Blue Ocean Society

Key Points

• Blue Ocean Society (BOS) operates as a private investment club based in St. Kitts & Nevis, marketing itself as a wealth-building community focused on financial independence and mutual support.
• Serious allegations of securities fraud, Ponzi scheme operations, and withdrawal delays have emerged, with multiple investors reporting inability to access funds.
• The company lacks transparency about its leadership, ownership, and compensation structure, raising red flags about regulatory compliance.
• Customer feedback is polarized: some praise the community and investment opportunities, while others report significant financial losses and label it a scam.
• BOS is linked to unregistered crypto investment schemes, such as Dignity Gold, and operates in a tax haven with minimal regulatory oversight.

Overview

Blue Ocean Society (BOS) presents itself as an exclusive wealth club based in St. Kitts & Nevis, emphasizing community-driven financial independence, personal growth, and mutual support. It operates as a multi-level marketing (MLM) entity, where affiliates invest in unregistered investment schemes, including cryptocurrency ventures like Dignity Gold, which claims ties to gold assets in the U.S. without verifiable evidence. BOS does not offer retailable products or services; instead, its business model revolves around affiliate membership and investment opportunities. The company promotes “gratitude fees” as commissions, which are distributed on a randomized basis, further obscuring its compensation plan. BOS operates through Blue Ocean Management LLC, a shell company with an undisclosed address in St. Kitts & Nevis, a known tax haven with limited MLM fraud regulation.

Allegations and Concerns

• Securities and Commodities Fraud: BOS is accused of offering unregistered investment schemes, violating U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) regulations. Its crypto investment schemes, such as Dignity Gold, lack verifiable backing and are tied to collapsed tokens like DIGau.
• Ponzi Scheme Allegations: Investors and analysts, including posts on Reddit and a review by BehindMLM, suggest BOS operates as a Ponzi scheme, using new investor funds to pay returns to earlier investors. Withdrawal delays lasting over a year have fueled these claims.
• Lack of Transparency: BOS does not disclose its leadership or ownership publicly. Names like Kerianne Mellott, Ellis Botman, and Ken Shuler have been linked to the organization, but their roles remain unconfirmed. The company instructs investors to maintain “strict discretion” to avoid regulatory scrutiny.
• Withdrawal Issues: Multiple investors report being unable to withdraw funds, with BOS citing liquidity issues or delayed payout schedules. Some claim funds were rolled over into new investments without consent.
• Fake DMCA Takedown Scam: The provided source link alleges BOS is involved in a “Fake DMCA Takedown Scam.” However, no specific evidence or details from the link or other sources confirm this claim, suggesting it may be speculative or misattributed to BOS.

Customer Feedback

Customer reviews of Blue Ocean Society are sharply divided, as seen on platforms like Trustpilot and Reddit:

• Positive Feedback:
  • Some members describe BOS as transformative, praising its community and investment opportunities. One reviewer stated, “Joining Blue Ocean Society has been one of the most transformative experiences of my life… The people here are passionate, supportive, and driven by a shared vision of growth and success.”
  • Another investor noted, “I’ve really enjoyed my experience with Blue Ocean Society. They’ve been super supportive from the start, and their opportunities are solid. Some of my investments are already paying out monthly.”
• Negative Feedback:
  • Numerous investors report severe issues with withdrawals. One Trustpilot reviewer wrote, “I’ve been trying to get my money out of this Scam for months and they will not let me withdraw my money… I’m going to the SEC Next and let them handle it in courts.”
  • A Reddit user commented, “STOP GIVING THEM MONEY!!! It’s pretty much official they will not pay out… They have known for many months that Sean was not trading and stole the funds.”
  • Investors frequently cite poor communication, with BOS failing to respond to inquiries or providing vague excuses for delays.

Risk Considerations

• Financial Risk: Investors face significant risk due to BOS’s unregistered investment schemes and reported withdrawal delays. The lack of verifiable assets backing investments like Dignity Gold increases the likelihood of financial loss.
• Reputational Risk: Association with BOS could harm investors’ or affiliates’ reputations, given allegations of fraud and Ponzi scheme operations. The company’s secretive practices and negative reviews amplify this risk.
• Legal Risk: BOS’s failure to register with the SEC or CFTC exposes it to potential regulatory action. Investors risk losing funds if authorities seize assets or shut down operations. The company’s operation in a tax haven further complicates legal recourse.
• Operational Risk: The randomized commission structure and lack of transparency in leadership and financial operations suggest poor governance, increasing the risk of mismanagement or fraud.

Business Relations and Associations

• Key Individuals:
  • Kerianne Mellott: Cited as a manager of BOS, based in California, with a background in marketing and luxury events. Her exact role is unclear.
  • Ellis Botman (aka Elisabeth Botman) and Ken Shuler (aka Doyle Shuler): Unconfirmed names linked to BOS through investor communications and Reddit discussions. Their involvement remains speculative.
• Shell Company: BOS operates through Blue Ocean Management LLC, registered in St. Kitts & Nevis, a jurisdiction known for minimal regulatory oversight.
• Investment Schemes: BOS promotes Dignity Gold, a crypto investment tied to alleged gold assets in the U.S., but no evidence supports these claims. The collapse of DIGau tokens further undermines credibility.
• No Confirmed Partnerships: No verifiable business partnerships or affiliations with reputable organizations have been identified.

Legal and Financial Concerns

• Unpaid Debts: Multiple investors report BOS failing to honor withdrawal requests, with delays exceeding a year. This suggests potential liquidity issues or intentional withholding of funds.
• No Bankruptcy Records: No evidence indicates BOS or Blue Ocean Management LLC has filed for bankruptcy.
• Regulatory Non-Compliance: BOS’s unregistered investment schemes violate SEC and CFTC regulations, posing a significant legal risk. The company’s secretive operations and use of a tax haven further heighten scrutiny.
• Fake DMCA Takedown Allegation: The claim of involvement in a “Fake DMCA Takedown Scam” lacks substantiation from the provided source or other references, indicating it may be unverified or erroneous.

Risk Assessment Table

Expert Opinion

Blue Ocean Society presents a high-risk investment opportunity due to its lack of transparency, regulatory non-compliance, and widespread reports of withdrawal issues. The company’s operation in St. Kitts & Nevis, a tax haven, and its failure to disclose leadership or verifiable financial details suggest a deliberate effort to evade scrutiny. The polarized customer feedback highlights a divide: some investors are drawn to the community-driven model and report payouts, but the overwhelming negative reviews, particularly on Reddit, indicate significant financial losses and unfulfilled promises.

Pros:

• Offers a sense of community and exclusive investment opportunities, appealing to those seeking alternative wealth-building avenues.
• Some investors report monthly payouts, suggesting short-term gains for select participants.

Cons:

• Strong evidence of Ponzi scheme characteristics, including reliance on new investor funds and withdrawal delays.
• Unregistered investment schemes violate U.S. regulations, posing legal risks.
• Lack of transparency about leadership, ownership, and financial operations undermines credibility.
• The “Fake DMCA Takedown Scam” allegation, while unverified, adds to concerns about the company’s integrity.

Cautionary Advice: Potential investors should exercise extreme caution with Blue Ocean Society. The combination of regulatory non-compliance, withdrawal issues, and Ponzi scheme allegations suggests a high likelihood of financial loss. Verify all investment opportunities with reputable financial advisors and avoid entities lacking transparency or regulatory oversight. If already invested, consider reporting issues to the SEC or consulting legal counsel to explore recovery options.

Key Citations

• Trustpilot reviews of Blue Ocean Society, highlighting both positive and negative experiences.
• BehindMLM review detailing allegations of securities fraud and Ponzi scheme operations.
• Additional Trustpilot reviews from Australia, reinforcing withdrawal complaints.
• Canadian Trustpilot reviews, consistent with U.S. and Australian feedback.
• Reddit thread (r/Scams) discussing BOS as a scam with detailed investor complaints.
• Reddit thread (r/CryptoExchange) questioning BOS’s legitimacy and reporting financial losses.