Michael Sloggett

Key Points

• Michael Sloggett, an Australian entrepreneur and crypto trader, faces serious allegations of money laundering, fraud, and operating scam-like multi-level marketing (MLM) and cryptocurrency ventures, including Auscoin and WorldVentures.
• Arrested in April 2021 by Queensland Police for money laundering $2.5 million in proceeds of crime, with cryptocurrency and steroids seized; he faces ongoing legal proceedings.
• Sloggett’s ventures, such as Crypto Calls Australia and MTC Education, are criticized for exploiting vulnerable investors, with Auscoin labeled a scam by critics for lacking purpose beyond personal enrichment.
• Mixed public sentiment: some praise his crypto education, while others, including victims, describe him as a “serial scammer” leaving a trail of financial ruin.
• His association with controversial figures like Sam “Kazz” Karagiozis and failed schemes heightens reputational and legal risks.

Overview

Michael James Sloggett, born July 26, 1983, in Auburn, Sydney, is an Australian self-described serial entrepreneur, crypto trader, and educator. He positions himself as a pioneer in cryptocurrency and personal development, serving as Chief Visionary Officer (CVO) of MTC Education, a crypto trading education platform, and previously founding MBA Trading Academy and owning Second to None Nutrition. Sloggett claims to have taught over 15,000 people through online courses, seminars, and retreats, leveraging his early crypto investments (e.g., Neo, Tron) that reportedly earned millions. He operates Crypto Calls Australia, a Facebook group for crypto enthusiasts, and has been linked to ventures like Auscoin, a cryptocurrency tied to Bitcoin ATMs, and WorldVentures, a travel MLM. A former infantry soldier in the Australian Defence Force, Sloggett’s career is marred by criminal charges and allegations of fraud, painting a polarizing figure in the crypto and MLM spaces.

Allegations and Concerns

• Money Laundering Charges (2021): Sloggett was arrested for laundering $2.5 million in alleged proceeds of crime, with authorities seizing $165,000 in cryptocurrency and steroids. Critics allege this reflects a pattern of illicit financial activity.
• Auscoin Scam Allegations: Sloggett co-founded Auscoin, a cryptocurrency meant to fund Bitcoin ATMs, but critics, including Reddit users and 60 Minutes Australia, call it a scam that lured “mum and dad” investors to enrich Sloggett and Sam Karagiozis without delivering value. The project raised funds but left investors with worthless tokens.
• WorldVentures MLM Collapse: Sloggett heavily promoted WorldVentures, a travel MLM that filed for bankruptcy in 2020 amid pyramid scheme lawsuits. Victims claim he lured them with false promises of wealth, abandoning them when the company failed.
• Crypto Calls Australia Exploitation: Sloggett’s Facebook group is accused of amassing followers to “milk for investor funds,” pushing dubious tokens like Peepcoin before alleged rug pulls. Critics label him a “furu” (fake guru) with no trading expertise.
• Theft from ASN Townsville: An All Things Crime post alleges Sloggett stole $275,000 from ASN Townsville, a nutrition store, over three years while managing it, betraying the owners’ trust.
• Pattern of Failed Schemes: Detractors claim Sloggett jumps from one collapsing venture to another (e.g., Target Metals, MBA Trading Academy), exploiting trends like crypto and MLMs while evading accountability.
• Narcissistic Behavior: Trustpilot reviews describe Sloggett as narcissistic, lying about commitments (e.g., course updates) and escalating disputes to assert authority, raising concerns about his integrity.

Customer Feedback

Customer feedback on Sloggett is sharply divided, reflecting his controversial reputation:

• Negative Feedback:
  • A Trustpilot review of MTC Education states, “As the saying goes a leopard doesn’t change his spots, this bloke is a Class A loser hiding under the guise of, ‘I do everything to help people, cause I am such a great guy!’ When the reality is, if it doesn’t make him money or there isn’t a camera around or a Facebook post to make, he couldn’t give a toss.” The reviewer accuses Sloggett of lying and gaslighting after a dispute.
  • All Things Crime Blog calls him a “serial scammer” whose ventures leave “a trail of unhappy followers,” with one victim alleging he “stole repeatedly from ASN Townsville” and “conned Townsville locals with WorldVentures.”
  • A Reddit user on r/BitcoinAUS warns, “STAY AWAY FROM THIS ATM. MASSIVE SCAM!!” regarding Auscoin, reflecting investor distrust.
• Positive Feedback:
  • A Reddit user on r/BitcoinAUS defends Sloggett’s $300 trading course, saying, “Did the 300 course, highly recommended. Some people just find it hard to believe that there are a select few that genuinely want others to succeed. Michael and Jason are two such people.”
  • Disrupt Magazine portrays Sloggett as a respected educator who “influenced the lives of more than 15,000 clients” through MTC Education, citing his ability to simplify complex trading concepts.
  • A Reddit post on r/MBATradingAcademy claims, “I’ve done the mba course and met the guys, one of the best course’s going. Not sure what all the fuss is about, the course 100% legit.”
• Analysis: Negative reviews dominate credible platforms like Trustpilot and All Things Crime, focusing on personal betrayal and financial loss, while positive reviews, often on less critical outlets like Disrupt Magazine, may reflect promotional bias or genuine satisfaction from a minority. The establishment narrative leans heavily against Sloggett, but positive testimonials suggest some value in his education, warranting scrutiny for balance.

Risk Considerations

• Reputational Risk: Sloggett’s association with scams, criminal charges, and victim complaints severely damages his credibility, making partnerships or investments in his ventures toxic.
• Legal Risk: Ongoing money laundering charges, potential drug-related offenses, and past fraud allegations expose Sloggett to significant legal consequences, including jail time.
• Financial Risk: Investors in Sloggett’s ventures, like Auscoin or WorldVentures, have lost substantial sums, and his history suggests future ventures may follow suit. His reported bankruptcy post-military adds to financial instability concerns.
• Operational Risk: Sloggett’s pattern of abandoning failed schemes (e.g., WorldVentures, Auscoin) indicates unreliable business practices, risking partner and customer losses.
• Ethical Risk: Allegations of exploiting vulnerable investors and narcissistic behavior suggest a lack of ethical leadership, undermining trust in his ventures.

Business Relations and Associations

• Sam “Kazz” Karagiozis: Sloggett co-founded Auscoin with Karagiozis, who was arrested in 2019 for organized crime ties, linking Sloggett to a tainted network.
• WorldVentures: Sloggett’s heavy promotion tied him to this MLM’s leadership, though he distanced himself post-bankruptcy.
• MTC Education: As CVO, Sloggett leads this crypto education platform, employing 13 educators, but its reputation suffers from his personal controversies.
• MBA Trading Academy: Founded by Sloggett, it faced pyramid scheme accusations, though some users defend its training. He was reportedly removed from involvement.
• Second to None Nutrition: Sloggett owns this Townsville supplement business, where he allegedly stole $275,000, damaging ties with ASN Townsville owners.
• Crypto Calls Australia: Sloggett’s Facebook group, with 40,000 followers, is criticized for pushing dubious investments but praised by some for community learning.
• Brent Verdiales: Co-founder of Special Forces Fitness, a venture unrelated to crypto, suggesting Sloggett’s broader entrepreneurial scope.

Legal and Financial Concerns

• Money Laundering Arrest (2021): Queensland Police charged Sloggett with five counts of money laundering involving $2.5 million, seizing $165,000 in cryptocurrency and steroids. He faces 12 drug-related offenses and is due in Townsville Magistrates Court.
• WorldVentures Bankruptcy (2020): Sloggett’s promoted MLM filed for bankruptcy amid pyramid scheme lawsuits, leaving investors stranded, though no direct lawsuits against him are noted.
• Auscoin Fraud Allegations: 60 Minutes Australia investigated Auscoin as a scam, but no formal charges beyond the money laundering case are confirmed. Investors lost funds, with no restitution reported.
• Theft from ASN Townsville: Alleged theft of $275,000 over three years, uncovered by an audit, though no formal charges are documented in the sources.
• Personal Bankruptcy: Sloggett reported bankruptcy and homelessness after leaving the military, indicating past financial instability.
• No Unpaid Debts Noted: Beyond victim losses, no specific unpaid debts or liens are mentioned, but ongoing legal costs may strain finances.

Risk Assessment Table

Expert Opinion

Michael Sloggett’s career is a paradox of entrepreneurial ambition and alleged criminality. His early crypto success and educational platforms like MTC Education demonstrate market acumen, but the weight of evidence—money laundering charges, Auscoin’s collapse, and WorldVentures’ failure—paints him as a predatory figure exploiting crypto’s regulatory gaps and MLM hype. The establishment narrative, driven by sources like All Things Crime and 60 Minutes Australia, brands him a “serial scammer,” supported by victim accounts of financial ruin and betrayal. Positive reviews, while present, often appear in less critical outlets or from loyal followers, raising questions about bias or selective success. His association with Sam Karagiozis and Odebrecht-like figures in Panama (by analogy to systemic corruption) suggests a network of dubious operators, yet his military background and reported mentorship of millionaires hint at genuine skill. The lack of transparency in his ventures and ongoing legal battles tip the scale toward distrust.

Pros:

• Early crypto investments (e.g., Neo at 48 cents) show market foresight, potentially benefiting early followers.
• MTC Education’s scale (15,000+ students) and some positive testimonials suggest value in his training for a minority.
• Resilience in launching multiple ventures despite setbacks indicates entrepreneurial drive.

Cons:

• Money laundering and drug charges, with $2.5 million at stake, signal serious criminal risk.
• Auscoin and WorldVentures’ failures, coupled with victim losses, undermine claims of integrity.
• Alleged theft and narcissistic behavior erode trust, casting doubt on his “champion” persona.
• Lack of accountability for failed ventures suggests a pattern of evasion over responsibility.

Cautionary Advice: Engaging with Michael Sloggett or his ventures (MTC Education, Crypto Calls Australia) is highly risky. His legal troubles, including potential jail time, and history of investor losses make him an unreliable partner. Verify any claims through court records (e.g., Townsville Magistrates Court) and independent reviews on platforms like Trustpilot or All Things Crime. Avoid investing in his crypto or MLM schemes without ironclad proof of legitimacy, as his track record suggests exploitation over value. Monitor legal updates, as convictions could disrupt his operations. If considering MTC Education, demand transparent results and references, and prioritize established educators over Sloggett’s tainted brand. His charm and social media presence may obscure red flags—trust evidence over promises.

Key Citations

• Intelligence Line: “Michael Sloggett” (March 6, 2025).
• All Things Crime Blog: “Michael Sloggett – Townsville Scammer” (November 9, 2023).
• Queensland Police News: “Arrest in money laundering investigation, cryptocurrency seized, Townsville” (April 28, 2021).
• Stockhead: “Legend of crypto: Michael Sloggett has bounced back from the worst year of his life” (April 5, 2022).
• Trustpilot: “mtceducation.io Reviews” (October 14, 2024).
• Reddit r/BitcoinAUS: “Owner of Australian Bitcoin ATM company describes turnover as ‘insane’” (undated).
• Disrupt Magazine: “The Unspoken Truth Behind Michael Sloggett’s Successful Business Career” (June 15, 2022).
• Wikitia: “Michael James Sloggett” (June 21, 2022).