Fight To Fame: Another fraudulent use of the blockchain

Fight To Fame: Another fraudulent use of the blockchain
Fight To Fame: Another fraudulent use of the blockchain

Fight to Fame (“F2F”) is a blockchain project that is allegedly founded and supported by Mike Tyson (yes, the real, well-known icon and legend “Iron” Mike Tyson), with a team of well-spoken, polished salespeople travelling the world to various blockchain conferences and family office gatherings in search of millions of dollars in funding (and with an eye to a future initial coin offering (ICO) or security token offering (STO) of a cryptocurrency of similar value).

The only issue is that the Fight to Fame is a total fraud.

To begin with, Mike Tyson is not involved in the project (see more below). Second, the project’s operator and actual founder is Jianxiang Shi (also known as “Morgan” or “Dr. Morgan”), a wanted man by Interpol who is currently hiding out in China. Jianxiang Shi is a financial fraudster who uses the alias “Morgan” or “Dr. Morgan” (in Chinese: ). Third, investors, institutions, and family offices are being sold on the idea that the project has real partners and connections when in reality they are all just the company’s dreams.

The Untrustworthy, Real Owner and Operator: Jianxiang Shi (aka Morgan)

Interpol and the Chinese regulatory authorities have issued a warrant for Jianxiang Shi (aka Morgan) for “fraud and illegal fundraising that resulted in losses to investors of more than 10 billion yuan [about USD1.5 Billion]. Along with that, they hatched a plan to use a Ponzi scheme to swindle the public out of money.

jianxiang shi, owner of Fight to Fame

For him to remain anonymous, Morgan finances, runs, and controls a number of businesses, including but not limited to Moregain Capital Group, Moregain Pictures, Inc., Sunland Entertainment, LLC, Shilong Film Investment, Inc., and Moregain Lending, LLC.

However, Morgan is also the controller and beneficial owner of the businesses that run F2F, namely the U.S.-China Motion Picture Association (UCMPA), a California corporation, and Fight To Fame BMS Holding, Ltd., a Cayman limited liability company. These businesses are both involved in the F2F project.

Morgan’s name is not, nevertheless, listed on any of the corporate documents of those businesses because he does not want to be held personally responsible for the wrongdoings of the company. Not a bad idea, in fact, given that a number of Morgan’s former allies and lieutenants were recently sentenced in China in January 2019 for adhering to Morgan’s instructions and obeying his orders, with two people receiving life sentences.

Mike Tyson is not on board and is not a fan.

Jianxiang Shi (Morgan) received a letter from Mike Tyson demanding that they stop what they were doing:

Since the majority of his Chinese business partners have been imprisoned in Shanghai, Morgan has recruited a new group of con artists to work for him in the US. They appear to have been misled into thinking that Mr. Shi will give them some of the illegally acquired wealth he accumulated in China, including the “Chairman” Tim Smithe (See below).

Fight to Fame is fraud

Mr. Shi, who is wanted for alleged fundraising fraud, is able to remain undetected because Mr. Smithe is only the Chairman in title. Mr. Smithe asserts that Mike Tyson is a founder and ardent supporter of the F2F project despite being fully aware that he is not actually a part of it (as the cease and desist letter above demonstrates). The worst kind of dishonest misrepresentation is this.

mike tyson

Mike Tyson continues to be falsely represented as being a part of the project by Mr. Smithe, who recently attended the “8th Global Family Office Investment Summit” in Dubai (see at video time 1:55). He continues to tell lies by saying, “100 million tokens at 30 cents each have already been spoken for… round 2 at 80 cents each, another 100,000 have already been spoken for,” at 4:36 in the video.

[UPDATE: The Ritossa Family Office, which organises the Global Family Office event, wisely removed the aforementioned video from their YouTube channel as of around May 20, 2019. For previously captured screenshots of the relevant statements mentioned in this article (along with the YouTube-provided transcript), see the article’s conclusion.

Even Mr. Smithe’s credentials as a “2-time Emmy award winning TV Writer and Producer” (see 1:40 of the same video) are questionable. Check to see if he is listed at or on Wikipedia’s comprehensive list of Emmy Award winners.

It is easy to understand why Mr. Shi selected this person to represent the project. (Mr. Smithe adds, “An early enthusiast of Crypto, he started as CMO of Malta Cryptocurrency Exchange in 2017.” More worrying, however, is that the “Malta Cryptocurrency Exchange” doesn’t even seem to exist – par for the course, it seems, with Fight to Fame. This is in addition to the self-contradictory notion that a “early enthusiast” would have started their involvement in cryptocurrencies as late as 2017.

Amazingly, “Chairman Tim,” as he calls himself, still uses this photo (at left) as his profile photo on WhatsApp and LinkedIn, blatantly misrepresenting Mr. Tyson’s participation in the project.

In fact, Mr. Smithe is aware that this photo was taken on the day Mr. Tyson decided to sever all ties with Fight to Fame and the UCMPA after learning that his video was being exhibited (see below).

[Update: At 4:20 PM PT on May 17, 2019, Mr. Smithe abruptly removed Mr. Tyson’s image from LinkedIn (and WhatsApp) as his headshot in response to inquiries on social media about his participation in the project.]

Another accomplice of the Morgan enterprise, Manjia Zhao, accompanied “Chairman Tim” to the Dubai “8th Global Family Office Investment Summit” to deceive investors (aka Coco). Ms. Zhao is currently Shi Jianxiang’s fixer and right-hand person, holding the positions listed below, but not necessarily all of them, including the CFO of UCMPA, the de facto CEO of Moregain Capital (listed also, oddly, as the agent for service of process), Director and Secretary of Moregain Pictures, Inc., and full knowledge that Mike Tyson is not associated with F2F. In fact, Ms. Zhao is more significant in the organisational structure than Mr. Smithe.

Mike Tyson was recorded a live garage band-style video by Morgan and his henchmen, including Mr. Smithe, in the early months of 2018; however, Mr. Tyson was unaware of the true ramifications of the token scheme he was getting involved in. Mr. Tyson was understandably shocked when he watched the video at the Burbank, California event in February 2019 and immediately had his attorney send “Dr. Morgan” (i.e., Shi Jianxiang (and former associates)) a cease and desist letter (the first page of which is pictured above).


‘The Terminator’

Some pretty outrageous claims are made in the F2F Whitepaper, which was given to me by a Morgan salesperson.
Look at the people who the Whitepaper suggests are associated with the project, starting with the Terminator himself, followed by Arnold Schwarzenegger, Sylvester Stallone, The Rock, and Jet Li.
Not a single one, but at least the Whitepaper mentions “to be invited,” which appears to be a translation of “in our wildest dreams.”

The World Boxing Council (WBC)

The Whitepaper states on page 17 that the World Boxing Council (WBC) is a supporter and sponsor. There is even a photo of a letter that has been signed. The only issue is that the letter is signed with “WBC MuayThai,” not “WBC,” as you can see if you look a little closer. Guess what, to put it mildly, they’re just a little different (Google it.)

The Fight to Fame BMS Holdings, Ltd., based in the Cayman Islands (a location well known for shielding assets and protecting owner information in general), is owned by Yiling Gao (aka Lisa Gao), a very close friend of Morgan’s who regularly shuttles between Hong Kong and the US – like Mr. Smithe, however, another puppet of Mr. Shi.

(In fact, the legal complaint filed against Mr. Shi (referenced below) alleges a money laundering scheme involving Ms. Gao.)

Perhaps more intriguing is where Ms. Gao (again, ostensibly the sole director of the F2F project company) now resides. Lisa Gao, it turns out, is now living at the same address as Morgan (see immediately below) — the very same address as listed on the original UCMPA Articles of Incorporation (just above in this Section), and, by the way, the same address where the pictures of Mr. Shi at the top of this post were taken.

In terms of addresses, it should be noted that the address, 120 S. Victory Blvd. Burbank, CA (as listed on the Tyson cease and desist, above) is the current business address for UCMPA (see below).

In fact, according to information obtained from Morgan’s former associates, Morgan (and his sidekick Qinghua Chen (aka Quinn)) obtained pictures with President Trump in 2017 via Cindy Yang (Li Yang). Yes, the Cindy Yang who was/is the subject of an investigation into illegal campaign contributions. She is also the former owner of the spa where Robert Kraft was arrested for allegedly soliciting prostitution.

“Nobody else has happened… only me,” Ms. Yang says, denying her selling access to Trump. I think it’s because I’m Chinese. A Republican from China. That is the problem.” Let us count the logical flaws in such a blurb.

Squared Caveat Emptor

The sale of cryptocurrency coins and the raising of large sums of money as tools to aid in the development of new applications and business startups is an amazing and (potentially) extremely beneficial recent development in our society.

However, it is sad and unfortunate (but not surprising) that wherever new ways to make money emerge (and the regulatory regime lags), scam artists arrive in droves. (According to some studies, up to 80% of ICOs are scams, with only a small percentage making it to an exchange.)

Not an exception to the 80% finding, and yet another example of a project harming the reputation of ICOs and cryptos in general, “Fight To Fame” is rather amusing for the extent to which it exaggerates and outright lies about the project’s structure, ownership, essence, and content.

As a result, a savvy investor should only need a few minutes and a few pointed questions to see right through the F2F Jianxiang Shi facade.

However, the majority of con artists involved in these types of fraudulent ventures – and the mastermind of this particular venture has proven himself to be particularly adept at parting good people from their hard-earned money – are those with glib tongues and formidable persuasive skills (see the Smithe videos above). As a result, one can only advise: buyer beware!

Finally, there is no plan (or expertise in the Morgan/UCMPA/F2F group) on how to actually produce the type and scale of TV reality show that the grand F2F plan calls for, or even how the blockchain actually works. The only plan, it appears — and this is consistent with Mr. Shi’s business philosophy, judging from his China swindling days — is to raise money (a lot of it) and then go into hiding. The only question that remains is which country Morgan will flee to next.

[Footnote: Some of the information and facts contained herein can be found in an amended complaint filed on April 12, 2019, in the Superior Court of Los Angeles against Mr. Shi, his various companies, and accomplices, case number 19BBCV00181.]

The screenshots below are from the video (before it was removed from YouTube) taken at the 8th Global Family Office Summit in Dubai.


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