Qyral Review: Prescription hair care, skincare & weight loss

Qyral fails to provide clear ownership or executive information on its website.

Founder and CEO Hanieh Sigari is mentioned in Qyral blog posts and a “story” page, but you have to get lucky and stumble across a blog post with that information.

And even then it’s not particularly clear who Sigari is or her role within the company.

Over on Qyral’s YouTube channel Sigari is readily cited, so I’m not sure why this information is withheld on Qyral’s website.

Sigari doesn’t appear to have an MLM history. There are numerous published marketing articles and “interviews” on Sigari, in which most of them Sigari references a healthcare and ecommerce business.

Here’s a typical example from a 2020 puff-piece in Buzz Magazine;

I founded a home healthcare business that enabled dementia and Alzheimer’s patients to retain their independence, while [Sigari’s husband] entered e-commerce logistics.

Both companies thrived — mine enjoyed 600 percent YoY growth and employed hundreds of staff, while his grew to a $20M brand with four international locations.

Despite boasting of previous success, Sigari is careful not to mention any former company names in any of the published marketing material. This is a bit suspicious.

I don’t know what Sigari’s former business was called but the cited ecommerce business is Simple Global.

In Sigari’s husband Darius Banasik’s own words;

I co-founded Simple Global, Inc. in 2012 as an ecommerce fulfillment provider, and over seven years my team and I led its evolution into a vertically integrated, cloud-based global logistics platform, focusing on international expansion and our SaaS platform’s user experience.

We effectively got ecommerce brands to “go global” in 20 minutes!

After Simple Global there was EcomBLVD, an ecommerce middleman platform.

Whatever Sigari’s former healthcare business was, she went on to launch Qyral in 2020. Banasik signed on as Qyral’s Executive Chair.

 

Update 18th March 2024 – Just a note on Qyral’s launch, Sigari was discussing Qyral in marketing articles dated December 2019. The first Qyral website blog post is dated January 2nd, 2018.

Qyral’s official FaceBook page was created on September 29th, 2019. This is probably around the time Qyral actually launched. /end update

 

Both Sigari and Qyral are based out of California in the US.

Read on for a full review of Qyral’s MLM opportunity. [Continue reading…]


iComTech’s David Brend & Gustavo Rodriguez found guilty

Following conclusion of their iComTech trial on March 14th, a jury took just three hours to unanimously find David Brend and Gustavo Rodriguez guilty of conspiracy to commit wire fraud. [Continue reading…]


8 Figure Dream Lifestyle’s Alex Dee arraigned, trial date set

8 Figure Dream Lifestyle defendant Alex Dee has been arraigned.

Following Dee’s arrest on January 10th, Dee finally made his initial appearance on February 20th. [Continue reading…]


CashFlow Investment Review: 15% a day MLM Ponzi

Cashflow Investment fails to provide ownership or executive information on its website.

Cashflow Investment has two known website domains:

  1. cashflowinvest.org – first registered back in 2022, private registration last updated on February 11th, 2024; and
  2. cashflowinvestment.ltd – first registered in May 2023, private registration last updated on February 25th, 2024

In an attempt to appear legitimate, CashFlow Investment provides a corporate address in Estonia on its website.

This appears to be a random residential address in Tallinn. It is unlikely to have anything to do with CashFlow Investment.

CashFlow Investment additionally provided an Estonian shell company in its marketing:

The date of certificate is 2018, meaning it predates CashFlow Investment existing by four years (i.e. the certificate has nothing to do with CashFlow Investment).

On the regulatory front, CashFlow Investment received a securities fraud warning from Australia on February 16th, 2024.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]



Plus5 Club Review: App-based pyramid scheme

Plus5 Club fails to provide ownership or executive information on its website.

Plus5 Club’s website domain (“plus5.co.za”), was privately registered on June 21st, 2023.

Despite seeming to have ties to South Africa, for February 2024 SimilarWeb tracked ~319 monthly visits to Plus5 Club’s website. 100% of that traffic is reported to have originated from Japan.

In any event, up until very recently Plus5 Club represented it was based out of South Africa.

The above is from a recently deleted “Privacy Policy” page on Plus5 Club’s website.

Further research reveals official marketing citing Patrick Moon as Plus5 Club’s CEO.

On LinkedIn Moon (full name: Patrick Michael Moon), cites his location as Durban, South Africa.

Corporate records reveal Moon in fact registered Plus5 Club as a company in South Africa in July 2023. Why this is now being covered up is unclear.

Along with Daniel Jack McBride and two other admins, Moon was also behind Power8Biz.

Power8Biz seems to have launched circa 2021. It appears to be a fraudulent investment scheme that pitched investors on daily passive returns:

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]


NZ Commerce Commission warns local Validus promoters

New Zealand’s Commerce Commission has issued an official warning against two Validus promoters.

The NZCC operates as New Zealand’s FTC equivalent.

In addition to the Financial Markets Authority’s investigation, which led to Validus being banned nation-wide last July, the NZCC opened up its own Validus investigation in late 2022.

As reported by NBR on March 14th, the NZCC concluded its investigation into Validus last December. At the time the NZCC’s findings were not made public. [Continue reading…]


Re: GSB Gold Standard Corporation litigation misinformation

A few days after BehindMLM reported on Billionico being a suspected secret GSPartners backdoor, a paid press-release popped up on a random website.

Supposedly authored by “T. Chandler”, the headline for The Fort Worth Press article reads:

BEHINDMLM BLACKMAIL WITH ANONYMOUS SLANDER ON THE INTERNET

What follows is typical of unsubstantiated nonsense scammers upset with BehindMLM’s reporting come up with.

In the ever-growing digital world, police, prosecutors, and law enforcement agencies face the challenge of keeping up with the increase in defamation and slander on the internet, especially when it is committed by mafia structures and criminal organizations like the creators of behindmlm.com.

These harmful actions can destroy the lives of individuals and undermine trust in online communication and divide society.

Facing this threat, law enforcement agencies around the world have stepped up their efforts to combat defamation and slander, as well as extortion through “behindmlm” on the internet.

Within 24 hours syndicated paid press-releases were claiming GSB Gold Standard Corporation had filed a lawsuit against BehindMLM.

These articles and press-releases all point back to The Fort Worth Press article.

So what’s going on here? [Continue reading…]



EmpiresX settles Ponzi fraud with CFTC for $64.3 million

EmpiresX, currently under Receivership as Empires Consulting, has settled commodities fraud charges with the CFTC.

The proposed settlement against Empirex details a permanent injunction and $32.1 million civil monetary penalty. [Continue reading…]


GSPartners disables its website

GSPartners has disabled its website.

Attempts to visit GSPartners’ previously accessible website at “gspartners.global” now returns a “domain parked” message: [Continue reading…]


CBI Global attorney Afrika Jantjies arrested for fraud

Following his arrest on March 13th, CBI Global owner Coenie Botha contacted attorney Afrika Jantjies to represent him.

When Botha and Jantjies presented at court, Jantjies was promptly arrested as a CBI Global accomplice. [Continue reading…]