IML & the Terrys plead the 5th in FTC civil case
Instead of complying with a court ordered preliminary injunction, Iyovia and co-owners Chris and Isis Terry have pled the fifth. [Continue reading…]
Nephew of BitConnect extortionist arrested
The nephew of Shailesh Bubulal Bhatt has been arrested.
Indian authorities allege Nikunj Bhatt received 260 bitcoin of the 2091 bitcoin Shailesh extorted. [Continue reading…]
Movve Wallet Review: Dubai MLM crypto Ponzi
Movve Wallet operates in the MLM cryptocurrency niche.
The company is headed up by CEO Melk Franco:
Franco has a martial arts history but at some point reinvented himself as a forex bro.
As per Franco’s Movve Wallet corporate bio, he’s also the “found manager and founder” of MFX Trading School.
MFX Trading School was a Dubai-based trading scheme targeting Portuguese speakers:
Operating from the now-defunct domain “mfxcorporation.com”, MFX Trading School appears to have completely flopped following its 2019 COVID-19 era launch.
MFX Trading School’s Instagram profile was the last social media account to be abandoned in January 2023.
Movve Wallet’s website domain (“movvewallet.com”), was privately registered on August 9th, 2025.
Based on his own social media posts, Franco himself appears to still be based out of Dubai:
BehindMLM’s guidelines for Dubai are:
- If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
- If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.
If you want to know specifically how this applies to Movve Wallet, read on for a full review. [Continue reading…]
SRA to appeal OneCoin lawyer prosecution dismissal
The Solicitors Regulation Authority (SRA) will file an appeal against dismissal of their case against Claire Frances Gill. [Continue reading…]
Douver Braga’s TCC criminal case lawyers bail
Douver Braga’s Trade Coin Club criminal case lawyers have withdrawn.
In a January 18th filing, Braga’s former attorneys claimed “continued representation [was] ethically untenable”.
From the same filing; [Continue reading…]
BG Wealth Sharing securities fraud warning from Canada (AB)
BG Wealth Sharing has received a securities fraud warning from the Alberta Securities Commission (ASC).
On January 15th the ASC added BG Wealth Sharing to its Investment Caution List. [Continue reading…]
BG Wealth Sharing securities fraud warning from UK
BG Wealth Sharing has received a securities fraud warning from the UK’s Fincial Conduct Authority (FCA).
As per the FCA’s July 5th, 2025 BG Wealth Sharing warning; [Continue reading…]
BG Wealth Sharing investment scam warning from Tonga
BG Wealth Sharing has received a securities fraud warning from Tonga.
As per the National Reserve Bank of Tonga’s December 3rd, 2025 BG Wealth Sharing warning; [Continue reading…]
BG Wealth Sharing securities fraud warning from Australia
BG Wealth Sharing has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC).
ASIC added BG Wealth Sharing to its Investor Alert List on November 28th, 2025. [Continue reading…]
AiETF Token Review: Pointless crypto pump and dump
AiETF Token fails to provide ownership or executive information on its website.
AiETF Token’s website domain (“aietftoken.com”), was first registered in July 2024. The private registration was last updated on June 11th, 2025.
AiETF Token provides a corporate address for “AiETF Trading” in the US on its website. This corresponds with a Louisiana office building that doesn’t appear to have anything to do with AiETF Token.
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…]
