Xelliss appears to have collapsed. As per a May 12th press-release, Xeliss’ product IP, distributor and customer database have been sold off to Zinzino.

Both Xeliss and Zinzino are European MLM companies. [Continue reading…]

Mind Capital Ponzi scammer David Lee Kagel has fainted on the way to his Mind Capital change of plea hearing.

As per a May 13th minute entry on Kagel’s criminal case docket; [Continue reading…]

Horizok has received a pyramid scheme fraud warning from Russia.

As per the Central Bank of Russia’s May 5th warning, Horizok exhibits “signs of a financial pyramid”. [Continue reading…]

IAM fails to provide ownership or executive information on its website.

IAM’s website domain (“lam-intrust.com”), was registered with bogus details on April 11th, 2024.

Despite only existing for about a month, IAM falsely represents it was founded in Colorado in 2013.

In an attempt to support this fraudulent claim, IAM provides a Colorado shell company certificate.

The certificate is for Investment Asset Management LLC and is dated April 9th, 2024. IAM doesn’t seem concerned this undermines their “we were founded in 2013” claim.

As to the shell company itself; due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

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…]

Sabify fails to provide ownership or executive information on its website.

In fact as I write this, Sabify’s homepage is nothing more than an affiliate log in form:

Sabify’s operates from the privately registered website domain “sabify.ai”.

Of note is the use of Portuguese in Sabify’s website source-code:

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…]

PDT Quantify fails to provide ownership or executive information on its website.

PDT Quantify has two known website domains:

1. pdtquantify.com – privately registered on April 23rd, 2024
2. pdt-partners.com – privately registered on March 25th, 2024

Despite only existing for a bit over a month, on its website PDT Quantify falsely claims it “was a pioneer in the field of algorithmic trading in the 1990s”.

Of note is both of PDT Quantify’s website domains being registered through the Chinese registrar Alibaba (Singapore).

Additionally, the Central Bank of Russia issued a PDT Quantify pyramid fraud warning on May 3rd, 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…]

BitHarvest fails to provide verifiable ownership or executive information on its website.

Instead, BitHarvest offers up an executive team with names nobody has heard of:

That’s of course because BitHarvest’s executive team doesn’t exist.

BitHarvest CEO “Logan Lee” is actually Singaporean national Steve Ng.

Ng is a poker player who recently competed in the Asian Poker Tour Taipei 2024 tournament.

From the use of Chinese on BitHarvest’s website…

…we can surmise whoever is actually running BitHarvest is either:

1. Chinese scammers operating out of Singapore;
2. Singaporean scammers operating out of Singapore; or
3. a combination of Chinese and Singaporean scammers operating out of Singapore

Two other names attached to BitHarvest worth noting are Jan Gregory and Marcos Caleb.

Marcos Caleb runs a YouTube channel on which he promoted MLM crypto Ponzi schemes.

Recent MLM crypto Ponzi schemes Caleb has promoted include Trade Like Crazy (collapsed), Titan369 and EchoOne (collapsed).

Jan Gregory, aka Jan Strzepka and Jan Gregory Cerato, is a Canadian national and serial promoter of Ponzi schemes.

In September 2022 the Alberta Securities Commission fined Gregory $165,000 for securities fraud.

Gregory promptly fled Canada and relocated to Dubai. From the MLM crime capital of the world, Gregory spent most of 2023 working with Russian Ponzi scammers based out of Dubai and Turkey.

Gregory’s 2023 MLM crypto Ponzi crimewave saw him front CoinMarketBull, Maxspread Technologies, Vortic United, CloudFi and SureX.

Gregory’s Ponzi scamming from Dubai attracted the attention of regulators in California and Russia.

While Gregory no doubt profited handsomely for recruiting victims into Russian Ponzi schemes, towards the end of his 2023 run cracks in Gregory’s curated carefree social media facade emerged.

This culminated in Gregory publicly issuing a death threat against BehindMLM in June 2023. While I can’t comment on any ongoing investigations into Gregory, I can confirm the threat was forwarded to relevant US federal authorities.

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…]

Horizok fails to provide ownership or executive information on its website.

Horizok’s website domain (“horizok.com”), was privately registered on April 14th, 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…]

Perfectly Posh was launched in 2011 by founder Ann Dalton. The company sold a range of personal care products.

Circa early 2020 Perfectly Posh was sold off to LaCore Enterprises. This is around the time BehindMLM published its Perfectly Posh review.

In June 2022 LaCore Enterprises merged Perfectly Posh with Innov8tive Nutrition.

This internal merger saw Perfectly Posh products sold through Innov8tive Nutrition website. Perfectly Posh as its own entity ceased to exist.

Today Perfectly Posh’s products are nowhere to be found on Innov8tive Nutrition’s website.

In February 2024 Andrew McBride, citing himself as Perfectly Posh’s “original founder” published a series of videos on his YouTube channel.

In the the first video, dated February 26th and titled “Andrew returns to Posh“, McBride details a resurrection of the Perfectly Posh brand.

I’ve been back about eight to ten weeks and we’ve been working really hard. And what we’re trying to do is not something really hifalutin, we’re trying to get back to the basics.

We’re trying to get back to the basics of great products, great marketing and great distribution.

And I think that Posh has pockets of greatness but in some ways has drifted away from doing the basics really well.

The product strategy was so bad that for a few years there that it probably felt like something new was coming out every week or every few days.

McBride goes on to claim, under ownership of LaCore Enterprises, that Perfectly Posh’s products “have not stayed true to the Posh brand”.

We’re going to focus a lot more on bringing back the signature products and fragrances that helped Posh to grow in the first place.

Today Perfectly Posh’s website is available again with LaCore Enterprises’ Texas address in the website footer.

From this we can surmise McBride has been hired to front Perfectly Posh, as opposed to purchasing the company.

As to McBride’s MLM history, McBride credits himself with being “instrumental in the establishment, growth, and success of” Scentsy circa 2008 to 2011.

McBride’s run with Perfectly Posh began in 2011 and ended in 2017. Later in 2017 McBride went on to launch Because Cosmetics with wife Emily.

Because Cosmetics is a non-MLM company that sells personal care products.

Despite Perfectly Posh’s 2024 reboot Because Cosmetics’ website is still up. SimilarWeb tracked ~4600 monthly visits to Because Cosmetics website for April 2024, down from ~9700 in March.

Despite still appearing to be owned by LaCore Enterprises, there is no mention of LaCore Enterprises on Perfectly Posh’s website.

Oddly enough there’s no mention of Andrew McBride either (McBride is however cited as Perfectly Posh’s CEO in the compensation plan).

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

The Shao Bank Ponzi scheme has collapsed.

Earlier this week Shao Bank’s website was pulled offline. At time of publication Shao Bank’s domain remains inaccessible.

Instead of just being honest about collapsing however, ShaoBank is playing domain musical chairs in an attempt to further defraud consumers. [Continue reading…]