Boomerang 2.0 Scam Exposed: Shavez Anwar’s Rinse and Repeat Ponzi Playbook

 

Shavez Anwar is back with another con. In a two-hour Livestream on the morning of March 22, 2025, he attempted to rewrite history, spinning an elaborate tale about why Boomerang 1.0 failed.

According to him, it wasn’t his fault. The problem, he claimed, was the technology. Arbitrage trading was just too slow. MEV bots got in the way. Block times were a bottleneck. Copy trading was overcrowded. On and on it went.

But here’s the truth: Boomerang 1.0 didn’t fail because of market conditions. It failed because it was never real in the first place. The arbitrage system Shavez claimed to have built never existed. It was a simulation, a carefully staged illusion, and I—Danny de Hek aka The Crypto Ponzi Scheme Avenger—can prove it.

The $500 Lie

What Shavez was really selling with Boomerang 1.0 wasn’t a trading system. It was a license. For $500, users could buy an “arbitrage trading license” and gain access to a platform that pretended to execute trades. But here’s the kicker: 65% of that license fee went straight into the affiliate compensation plan. This was an MLM, pure and simple. Arbitrage trading was just the bait.

When Rob Woolley and I investigated the system, we noticed something strange: no one had been able to successfully complete a trade for several days. Why? Because the wallets had no liquidity. To test our theory, I personally loaded $1 of USDT into the system’s WAS wallet. Suddenly, someone could trade again.

The Boomerang platform wasn’t executing real arbitrage. It was only shuffling pre-coded numbers to make it look like it was. The liquidity had to be manually injected to allow a trade to appear to happen. It was smoke and mirrors—an illusion built to trick buyers into thinking they were participating in high-frequency arbitrage trading.

Hardcoded Profits, Fabricated Trades

We went deeper. In the backend of the site, Rob and I found code that determined payouts based on how much “flash loan” money was entered. There were no external data sources, no real market fluctuations. The system wasn’t reacting to arbitrage opportunities. It was just reshuffling the same fake numbers over and over again.

One top user we tracked made thousands in fake profits on $1 trades. Another generated over $1,800 in returns from a $326 flash loan. It was mathematically impossible. We analyzed transaction IDs and saw that the platform simply calculated a predetermined return and paid it from incoming user funds—not actual trading profits.

This wasn’t arbitrage. It was redistribution. A classic Ponzi setup.

The Live Stream of Lies

Now, as Shavez gears up to launch Boomerang 2.0, he’s rewriting the story. In his Livestream, he claimed that Boomerang 1.0 was a noble failure. He blamed MEV bots, block times, and fragmented liquidity. He said they had to pivot to centralized exchanges. He spoke about broker licenses, AI-driven protocols, and scoring traders by trust.

It all sounds very advanced. Very complicated. Very believable. That’s the point. He wants you to forget that Boomerang 1.0 was never doing any trading at all.

He even trotted out new buzzwords like “social finance,” “protocol score,” and “decentralized data aggregation.” He’s pushing nodes now, with “Lightning,” “Authority,” and “Master” nodes priced at $13,500, $27,000, and $554,000, all offering an insane 182% APY.

If this sounds familiar, it’s because it is. The high returns. The product that isn’t actually built yet. The calls to get in early. The whiteboards and webinars. It’s all recycled Ponzi playbook material.

CONCLUSION: A REBRANDED SCAM

Boomerang 1.0 didn’t fail because of tech limitations. It failed because it was fake. The trades weren’t real. The profits were hardcoded. The entire system was designed to redistribute new investor money as fake “returns.”

Shavez Anwar is now pretending to have “learned from the past” and claims he’s built something better. But nothing has changed except the packaging.

Boomerang 2.0 is not a trading system. It is a high-tech illusion.

Don’t fall for the lie again.

This exposé was brought to you by Danny de Hek, The Crypto Ponzi Scheme Avenger. My mission is to shine a light on these scams, hold the perpetrators accountable, and protect everyday investors from losing their life savings to smooth-talking con artists who hide behind buzzwords and fake innovation.