Third Chinese OneCoin affiliate arrests uncovered, $1.2 million in losses

Up until recently BehindMLM was aware of and reported on two separate arrests of Chinese OneCoin affiliates.

The first arrests took place in April, 2016, around the time OneCoin intended to hold a “grand ceremony” event in Harbin (north China).

The event was quietly dropped following a raid on a OneCoin promotional event in Guandong and arrest of three affiliates in March.

The bust appeared to be of one of the larger Chinese OneCoin affiliate groups, with authorities in Guandong eventually recovering $45.7 million dollars.

Earlier this month news broke of another round of arrests, this time thirty-five OneCoin affiliates arrested, jailed and fined in Zhuzhou City, Hunan Province (north of Guandong).

In between these two busts was yet another investigation and arrest of Chinese OneCoin affiliates, previously unreported until a week ago. [Continue reading…]


OneCoin pyramid scheme warning issued by Polish regulator

A year ago Poland’s Ministry of Justice received a public enquiry regarding OneCoin.

The enquiry sought to establish whether OneCoin was potentially beaching Polish banking laws.

A subsequent investigation into OneCoin by the National Prosecutor’s Office uncovered potential breaches of “unfair market practices”.

The investigation findings were forwarded to the Office of Competition and Consumer Protection (UOKiK), who today announced the conclusion of their own investigation. [Continue reading…]


Howard Kaplan denied Receiver deposition, trial date set (Zeek Rewards)

One of the last insider holdouts of the Zeek Rewards Ponzi scheme is Howard Kaplan.

Whereas pretty much everyone else who profited from the operation of Zeek Rewards has settled and been stripped of the fraudulently obtained funds they were paid, Kaplan is challenging the Receiver and heading to trial. [Continue reading…]


SEC obtain Final Judgment against James Merrill & Joe Craft (TelexFree)

Last we checked in the SEC were seeking Final Judgment against TelexFree cofounder and President, James Merrill.

In a parallel criminal case Merrill was sentenced to six years prison back in March.

According to a filing by the Trustee in July, the SEC had also reached a stipulated settlement agreement with TelexFree’s CFO, Joseph Craft.

In a September 12th press-release, the SEC have confirmed approval for both settlements. [Continue reading…]


Crowdbridge Global Firstlook: CBG Coins Ponzi points?

Crowdbridge Global first popped up on my radar a few months ago. At the time little to no information was available on the company, so I put a closer look on the backburner.

Since then some more information has surfaced. Not enough for a full Crowdbridge Global review, but enough for us to get a sense of the direction the company is headed. [Continue reading…]


Solis Review: Precious stone trading = 31% monthly ROI?

Solis name Richard Eddison as CEO of the company and even provide a photo.

Beyond that however no specifics on Eddison or the company are provided.

The Solis “about” page is a bunch of vague marketing statements;

Our experts work in many countries: USA, South Africa, Belgium, Australia, India, etc. For decades, we have accumulated the production, purchase and sales channels.

We have the best gemologists and cutters that from untreated sapphires, rubies, emeralds, diamonds are creating something worthy of the crown and scepter of the rulers.

Our jewelry stones are worthy competitors to the stones from the exchanges Ramat Gan, Tel Aviv, London, Antwerp, Hong Kong, Toronto, Bombay.

Solis provide no evidence to back up any of their claims. Nor are the claims verifiable through a third-party source.

Considering how large and established the previous stone industry is, this is highly suspicious.

The Solis website domain (“solis.land”) was privately registered on April 18th, 2017.

Of note is the Solis affiliate rank “Rubin”, which is German for “Ruby”. The Emerald rank is represented by “Emarald”, which I believe is just a typo.

Other typos on the Solis website strongly suggest the admin isn’t a native English speaker;

WHAT ARE THE MINIMAL AND MAXIMAL SUMS THAT I CAN ORDER FOR WITHDRAWAL?

I’m going to go out on a limb here and suggest that Richard Eddison, as represented on the Solis website, likely doesn’t exist.

Whoever is actually running Solis is likely German and based out of Europe.

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…]


OneCoin registered with the Pakistani SEC?

In what appears to be a response to the State Bank of Pakistan and Federal Investigation Agency announcing a crackdown on OneCoin, affiliates in Pakistan are claiming OneCoin has registered with the Pakistani SEC.

Just one small problem though… it hasn’t. [Continue reading…]


Korean authorities announce crackdown on MLM cryptocurrency scams

Over the past year I’ve noticed South Korea placing on an increasing number of MLM underbelly scams.

I suspect due to language barriers, the people pushing these scams and much of South Korea’s MLM underbelly community remains a mystery outside of Korea itself.

A large number of South Korean MLM activity has coincided with an increase in cryptocurrency fraud (Ponzi points or altcoin pump and dump scams), which hasn’t escaped the attention of local authorities.

On September 7th ten South Korean government departments held a meeting to discuss the matter. [Continue reading…]


Authorities to target banks helping to facilitate MMM Nigeria Ponzi scheme

I don’t know what it is about Nigeria and the MMM Global Ponzi scheme, but for some reason locally scam refuses to die out.

Despite having collapsed three times beginning last December and resulting in an estimated $57 million dollars in losses, MMM Nigeria continues.

Criminal action has been taken against at least one MMM Nigeria affiliate, however ringleader(s) have long since fled the country.

The current iteration of MMM Nigeria bills itself as “MMM Federal Republic of Nigeria”.

There’s even a Google Play approved app MMM Nigeria participants can use to track how much money they’re stealing.

The MMM Federal Republic of Nigeria website meanwhile is more of the same.

A perpetual 100% monthly ROI is offered, with dozens of gullible idiots testifying they’ve received infinity money from MMM Nigeria as promised.

In an attempt to prevent more losses when this version inevitably collapses, Nigerian authorities plan to lean on the banking sector. [Continue reading…]


35 Chinese OneCoin affiliates arrested, jailed & fined

Early last year Chinese authorities in Guandong arrested three top Chinese OneCoin affiliates.

The arrests eventually lead to the recovery of $45.7 million dollars in stolen funds.

In what appears to be a related investigation north of Guandong in Hunan province, thirty-five OneCoin affiliates were recently arrested. [Continue reading…]