Part 5/8:
Schultz’s foray into the crypto landscape began in earnest in early 2020, with the launch of several projects that have now faced similar accusations of fraudulent behavior. One such project, Bitcoin Buds, promised a blend of cannabis culture and NFTs but quickly devolved into accusations of insider trading and liquidity draining, paralleling the current HW Tua scenario.
The consistent thread in Schultz’s projects indicates a pattern of pursuing quick profits by capitalizing on popular trends and celebrity influence. His described MO includes orchestrated pre-sales meant to inflate initial fundraising while later abandoning the investors to an unfounded asset.