Gregory Aggesen has pled guilty to conspiracy to commit wire fraud, conspiracy to commit money laundering through promotion and conspiracy to obstruct justice.

The charges were filed against Aggesen in early 2022, as part of a group of indictments targeting EmpowerCoin, ECoinPlus and JetCoin scammers. [Continue reading…]

Mardy Eger, aka Marquis Demarking Egerton, has pled guilty to conspiracy to commit wire fraud and conspiracy to commit money laundering with concealment.

The charges were filed against Eger in early 2022, as part of a group of indictments targeting EmpowerCoin, ECoinPlus and JetCoin scammers. [Continue reading…]

BFF Crowdfunding has collapsed following a fraud warning from the Australian Securities and Investments Commission.

BFF Crowdfunding, which also went by BFF Global Network, was a 400% ROI Ponzi cycler. The scam was run by Mike Taylor, a US resident of Texas. [Continue reading…]

William White has pled guilty to one count of conspiracy to obstruct justice.

The charge was filed against White in early 2022, as part of a group of indictments targeting EmpowerCoin, ECoinPlus and JetCoin scammers. [Continue reading…]

DCPTG (aka Digital Currency Pioneer Technology Group), fails to provide ownership or executive information on its website.

DCPTG operates from two known website domains:

• dcptg.com – registered in April 2023, private registration last updated on March 26th, 2024
• dcptg.xyz – registered on November 29th, 2022, private registration last updated on December 22nd, 2023

Some DCPTG marketing points to the domain “dcptg.vip”. At time of publication however this domain is disabled.

As of March 2024, SimilarWeb tracks top sources of traffic to DCPTG’s website as Germany (31%), Hungary (16%), Austria (11%), Russia (10%) and Switzerland (6%).

The majority of DCPTG’s website traffic originates from German-speaking countries. This is reflected in DCPTG securities fraud warnings already issued by Germany (March 5th) and Austria (April 6th).

The Central Bank of Russia also issued a DCPTG pyramid fraud warning on Januiary 4th, 2024.

Due to it falsely representing it is based out of the US, DCPTG has also attracted the attention of US regulators.

In December 2023 the Washington Department of Financial Institutions issued a DCPTG securities fraud warning:

DFI has reason to believe that ITP is connected with Coscoin, DCPTG, and Alevius, all of which are purported investment trading platforms registered with the Washington State Secretary of State.

It does not appear that Coscoin, DCPTG, and Alevius’s businesses are actually located at any of the locations they list on the Washington State Secretary of State’s filings, nor that they are engaged in lawful business activities.

ITP Corp, CosCoin and Alevius are collapsed “click a button” app Ponzis run by Chinese scammers.

If we inspect look at the support page of DCPTG’s website, we find it runs on Meiqia software:

Meiqia is a Chinese software company based out of Beijing. This suggests whoever is running DCPTG has ties to China.

In what appears to be an attempt to hide this, DCPTG’s marketing videos feature a combination of stock footage, staged events featuring actors and AI robo avatars.

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…]

Blugenics operates in the nutritional supplement MLM niche. The company provides a corporate address in Nevada on its website.

Heading up Blugenics we have CEO Paul Redmayne and COO Eric Swaim.

Paul Redmayne is known to BehindMLM as:

• President of Blue Bird Bids, a Zeek Rewards Ponzi clone (2012)

• co-founder of RevStar Global, a Ponzi successor to the notorious Banners Broker Ponzi (2014)

Eric Swaim was Vice-President of Blue Bird Bids. When the Ponzi collapsed, partly due to Swaim raising concerns of internal manipulation, Swaim took control and converted what was left into PureNRG FX.

PureNRG FX launched in 2013 and was done by 2014. Swaim re-joined Redmayne in RevStar Global as Vice President of Sales in 2014.

RevStar Global is long gone and there’s a considerable gap in Redmayne’s and Swaim’s MLM history.

Fast forward to mid 2023 and Redmayne and Swaim launched Bimble Saving Club:

As far as I can tell, Bimble Savings Club was a travel-themed MLM pyramid scheme.

Bimble Savings Club’s website is no longer accessible, which leads into Blugenics launching its MLM opportunity at some point.

I’d love to be a bit more specific but, like Redmayne and Swaim, Blugenics doesn’t have much of a digital footprint.

What I did come across was this 2020 marketing video featuring Dave Hunter, in which he cites himself as founder and CEO of Blugenics Innovations.

Bluegenics Innovations was founded in 2015, originally as a non-MLM company.

As per Blugenics Innovation’s LinkedIn profile;

Blugenics Innovations is a leading Canadian company that specializes in the development and distribution of high-quality marine phytoplankton products.

Our flagship brand, Karen for Good Health, is the largest phytoplankton supplement brand in North America, offering a wide range of health benefits to our customers.

Sometime after Bimble Savings Club collapsed, Hunter appears to have hired Redmayne and Swaim to front an MLM side of the business, Blugenics Naturals.

Note that while Blugenics Innovations is a Canadian company, Blugenics Naturals cites itself as “a U.S based company”. I’m not sure if there’s anything more to that than an LLC shell company registered in Nevada.

To keep things simple this review will simply refer to Blugenics Innovations and Blugenics Naturals as “Blugenics”.

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

Pruvit has filed a lawsuit against Michael Rutherford and Keisha O’Neal.

In their lawsuit, Pruvit accuses Rutherford and O’Neal of soliciting Pruvit distributors for an undisclosed “separate business venture”.

Pruvit asserts that as a result of their activity, Rutherford and O’Neal have breached the terms of settlement agreements reached last year. [Continue reading…]

As part of an undisclosed sale to a third-party, Beautycounter has informed its Brand Advocates they’ve been terminated. [Continue reading…]

Verse Network has received a securities fraud warning from France.

As per the Autorite des Marches Financiers’ April 4th warning, Verse Network is “offering investments in … crypto-assets, without being authorized to do so”. [Continue reading…]

The scammers behind the collapsed Greek Mythology Club NFT Ponzi have pivoted to commodities fraud.

In early February, Brendon Parker (aka Crypto Bren) announced the GMC Elev8ed Forex Trading System.

Fellow Greek Mythology Club co-founder Zak Anstis has GMC Elev8ed daily returns marketing on his social feeds:

[Continue reading…]