Eduard Khemchan

Key Points

• Research suggests Eduard Khemchan is involved in controversial financial schemes, notably Daisy AI, which multiple sources have labeled a Ponzi scheme.
• It seems likely that Daisy AI collapsed in December 2023, with funds unaccounted for, raising scam allegations.
• The evidence leans toward Khemchan profiting from Trader’s Domain, another alleged Ponzi, with reported earnings of $4.4 million.
• Consumer complaints on Trustpilot highlight withdrawal issues, supporting scam claims, though some reviews are positive.
• No confirmed lawsuits against Khemchan exist, but calls for legal action add to the controversy.
• An unexpected detail is Khemchan’s ties to iBuumerang, another MLM with pyramid scheme accusations, expanding the scope of concerns.

Background on Eduard Khemchan

Eduard Khemchan is a self-employed entrepreneur, co-founder of Daisy AI, and known as a philanthropist and investor in financial and trading markets. He moved from Georgia to the US at age 12 and started working at 13, delivering newspapers, which shaped his early career.

Daisy AI and Allegations

Daisy AI, associated with Khemchan, is described as a multi-level marketing (MLM) crypto Ponzi scheme. It promised high returns but collapsed for the fourth time in December 2023, with invested funds remaining unaccounted for. Victims are advised to file complaints with US regulators like the DOJ, SEC, and CFTC (BehindMLM: Jeremy Roma claims $1.1B in Daisy Ponzi funds held by broker). Khemchan and co-founders deny stealing funds, but the lack of transparency and regulatory scrutiny fuel allegations.

Trader’s Domain Involvement

Khemchan is linked to Trader’s Domain, another financial scheme labeled a scam, where he reportedly earned $4.4 million. This involvement adds to concerns about his business practices, as it’s listed among top MLM recruiters profiting from alleged Ponzi activities (Jesse Singh: The Traders Domain Scam).

Consumer Feedback and Legal Status

Trustpilot reviews for Daisy AI show a mix of opinions, with some praising transparency and others complaining about stopped withdrawals, calling it a scam (Trustpilot Reviews for daisy.global). Despite calls for legal action, no specific lawsuits or regulatory actions against Khemchan were found, though the controversy persists.

Connections to iBuumerang

Khemchan’s associations extend to iBuumerang, an MLM company accused of being a pyramid scheme, with some reviews labeling it fraudulent (ScamRisk: iBuumerang Review). This connection broadens the scope of potential risks.

Investigation Report: Eduard Khemchan and Associated Controversies

As investigative journalists, we delve into the complex world surrounding Eduard Khemchan, a figure at the center of multiple financial controversies. Our research, conducted as of March 26, 2025, aims to analyze suspicious activities, personal profiles, open-source intelligence (OSINT), undisclosed business relationships, scam reports, red flags, allegations, criminal proceedings, lawsuits, sanctions, adverse media, negative reviews, consumer complaints, and bankruptcy details. We focus on providing a detailed risk assessment, particularly in relation to consumer protection, scam potential, criminal reports, financial fraud, and reputational risks, while adhering to ethical SEO guidelines.

Personal Profile and Background

Eduard Khemchan, aged 47, resides in West Linn, OR, with past addresses in Gresham, Portland, and other locations (Whitepages: Eduard Khemchan Address & Phone Number). Public records list relatives including Arkady, Ruvim, and Tamara Khemchan. He is self-employed, co-founder of Daisy AI, and described as a philanthropist, entrepreneur, and investor with experience in financial and trading markets (PeekYou: Eduard Khemchan Facebook, Instagram & Twitter). His journey began in Georgia, moving to the US at 12, and working as a newspaper delivery boy at 13, laying foundations for his entrepreneurial spirit (Newsheads: Unveiling Eduard Khemchan: A Trailblazer In Financial Technology).

Daisy AI: Alleged Ponzi Scheme and Collapse

Daisy AI, linked to Khemchan, is a multi-level marketing (MLM) crypto venture accused of being a Ponzi scheme. Our research, drawing from Intelligenceline Report on Eduard Khemchan, reveals it exploited investors with deceptive marketing and false high-return promises, earning Khemchan nearly $4.5 million. The scheme collapsed for the fourth time in December 2023, with funds unaccounted for, prompting victims to file complaints with US regulators like the DOJ, SEC, and CFTC (BehindMLM: Jeremy Roma claims $1.1B in Daisy Ponzi funds held by broker). Khemchan, alongside Jeremy Roma and Ilya Marin, denied stealing funds in a March 6, 2025, video, claiming it was a crowdfunding project, not an investment scheme (BehindMLM: Jeremy Roma claims $1.1B in Daisy Ponzi funds held by broker). However, the lack of audited financial reports and regulatory registration raises significant red flags.

Trader’s Domain: Another Alleged Scam

Khemchan’s involvement extends to Trader’s Domain, identified as a Ponzi scheme in multiple reports. He is listed among top MLM recruiters, reportedly earning $4.4 million, as detailed in Jesse Singh: The Traders Domain Scam and BehindMLM: The Traders Domain Ponzi MLM investor master list. The CFTC’s RED List and legal actions against related entities, such as Traders Domain FX Ltd, underscore its fraudulent nature (CFTC: RED List: The Traders Domain, CFTC: Case No. 1:24-CV-23745 Traders Domain FX Ltd). This history amplifies concerns about Khemchan’s business practices.

Consumer Complaints and Negative Reviews

Our analysis of Trustpilot reviews for Daisy AI reveals a polarized landscape. Positive reviews praise transparency and performance, with some users reporting successful withdrawals early on (Trustpilot Reviews for daisy.global). However, negative reviews dominate, with complaints about stopped withdrawals, lack of customer service, and accusations of scamming. One review states, “Stopped withdrawals, and kept our money. Every excuse under the sun, just like all the other scammers. Money gone,” reflecting widespread frustration (Trustpilot Reviews for daisy.global). Reddit posts, such as a user concerned about their dad losing $40,000, further corroborate scam allegations (Reddit: Dad getting scammed by Daisy AI ponzi scheme).

Legal and Regulatory Scrutiny

Despite extensive research, we found no confirmed lawsuits or criminal proceedings directly against Khemchan as of March 26, 2025. However, Trustpilot reviews and articles suggest calls for legal action, with one stating, “Maybe it is needed to start a claim against the promotors / owners / founders and talk with the Police?” (Trustpilot Reviews for daisy.global). BrokerChooser notes Daisy Global is not regulated by top-tier authorities, advising avoidance (BrokerChooser: Is D.AI.SY safe or a scam broker?). The SEC’s lack of registration for Daisy AI, as mentioned in BehindMLM articles, indicates potential regulatory violations.

Undisclosed Business Relationships: iBuumerang Connection

Khemchan’s ties to iBuumerang, another MLM, are concerning. iBuumerang, launched by Holton Buggs, is accused of being a pyramid scheme, with reviews on Trustpilot and ScamRisk labeling it fraudulent (ScamRisk: iBuumerang Review, Trustpilot: ibüümerang Reviews). One review cites its dissolution from the UK Company Register in December 2023, suggesting illegal operations (Trustpilot: ibüümerang Reviews). Articles like Finance Scam: Eduard Khemchan: The Controversy Around Daisy AI and iBuumerang highlight his association with figures like Avinash Nagamah, known for iBuumerang controversies, suggesting a network of high-risk ventures.

Risk Assessment

We assess the risks associated with Khemchan and his ventures as high, particularly in consumer protection, scam potential, and financial fraud. The collapse of Daisy AI, unaccounted funds, and consumer complaints indicate significant scam risks. Criminal reports are implied through allegations, though not confirmed legally. Reputational risks are severe, given adverse media and negative reviews. The lack of regulatory oversight and Khemchan’s history with Trader’s Domain amplify financial fraud concerns. Table 1 summarizes the risk assessment:

Adverse Media and Red Flags

Adverse media reports, such as those from BehindMLM and Finance Scam, consistently label Daisy AI and Trader’s Domain as scams, with Khemchan at the center (BehindMLM: Jeremy Roma continues to gaslight Daisy Ponzi victims, Finance Scam: Eduard Khemchan’s Controversial Ties). Red flags include lack of transparency, absence from official platforms, and reliance on new investor funds, classic Ponzi indicators. His earnings from these schemes, reported at $4.5 million from Daisy AI and $4.4 million from Trader’s Domain, raise questions about the legitimacy of his income sources.

Conclusion: Expert Opinion

In our expert opinion, the evidence leans heavily toward Eduard Khemchan being involved in high-risk, potentially fraudulent financial schemes. The repeated collapses of Daisy AI, unaccounted funds, and consumer complaints suggest a Ponzi scheme, corroborated by multiple independent sources. His history with Trader’s Domain and ties to iBuumerang, both facing similar allegations, amplify concerns. While no confirmed legal actions exist as of March 26, 2025, the lack of regulatory oversight and calls for lawsuits indicate ongoing risks. We advise extreme caution to potential investors and consumers, emphasizing due diligence and reporting to authorities. The reputational damage is significant, and further investigation by regulatory bodies is warranted to protect consumers.

Key Citations

• Intelligenceline Report on Eduard Khemchan
• BehindMLM: Jeremy Roma claims $1.1B in Daisy Ponzi funds held by broker
• BehindMLM: Jeremy Roma continues to gaslight Daisy Ponzi victims
• Finance Scam: Eduard Khemchan: The Controversy Around Daisy AI and iBuumerang
• Trustpilot Reviews for daisy.global
• ScamRisk: iBuumerang Review
• Jesse Singh: The Traders Domain Scam
• BehindMLM: The Traders Domain Ponzi MLM investor master list
• Whitepages: Eduard Khemchan Address & Phone Number
• PeekYou: Eduard Khemchan Facebook, Instagram & Twitter
• Newsheads: Unveiling Eduard Khemchan: A Trailblazer In Financial Technology
• CFTC: RED List: The Traders Domain
• CFTC: Case No. 1:24-CV-23745 Traders Domain FX Ltd
• Reddit: Dad getting scammed by Daisy AI ponzi scheme
• BrokerChooser: Is D.AI.SY safe or a scam broker?
• Finance Scam: Eduard Khemchan’s Controversial Ties
• Trustpilot: ibüümerang Reviews