A court has ordered the appointment of a Qyral Receiver.

The order follows an April 10th emergency ex-parte application filed by defendant Darius Banasik, and an April 12th proposed order filed by plaintiffs Hanieh Sigari and Qyral LLC. [Continue reading…]

A promoter has claimed GSPartners has “abandoned any hope of operating in the US”.

The update was presented as a highlight of a GSPartners corporate call, held on Thursday April 4th. [Continue reading…]

What’s left of the Richard Smith’s Tranzact Card to FinMore grift has collapsed.

In an email sent out a few hours ago, frontman Peter Rancie “announc[ed] the complete and immediate shutdown of TranzactCard and FinMore”. [Continue reading…]

QM Corporation, aka “Quaestum Association”, operates in the “benefits forever” MLM niche.

QM Corporation’s website domain “qmcorporation.net”, was privately registered on August 21st, 2019.

The domain is registered to “Club Brizzi”, through an incomplete address in Reggio Calabria, Italy.

Two creators are cited on QM Corporation’s website; Marco and Alessandro:

Marco corresponds with Marco Brizzi, Alessandro with Alessandro Brizzi.

Marco Brizzi appears to be your typical crypto bro cringelord:

Alessandro Brizzi runs the website Cognito Matrix. “Popular topics” Brizzi writes about include “aliens & UFOs”, “ancient aliens” and “strange space”.

Neither Marco or Brizzi appear to have MLM executive experience.

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

Vilocity Global represents it operates in the travel, AI and crypto MLM niches.

The company operates from the domain “vilocityglobal.com”, privately registered on November 10th, 2023.

Heading up Vilocity Global we have founder and CEO Jimmy Ezzell.

Ezzell is joined by Global Master Trainer Ali Mehdaoui, who is also prominent in Vilocity Global marketing material.

Jimmy Ezzell is known to BehindMLM as founder and CEO of the Young Entrepreneurs Project (marketed as YEP Tribe).

When BehindMLM reviewed YEP Tribe in 2021 the company was selling $89 water bottles and pay to play subscriptions.

After losing over $4 million in 2020, YEP Tribe was begging the public for $1 million in investment. These losses also coincided with YEP Tribe partnering up with Cory Kromray’s Driven Trading.

BehindMLM believes YEP Tribe committed securities and commodities fraud through Driven Trading’s “AI automated” offering.

In a February 2022 SEC filing YEP Tribe disclosed its partnership with Driven Trading was “a significant source of revenue for the company”.

In that same filing YEP Tribe disclosed to the SEC it had also “separated” from Driven Trading. No reason was provided.

YEP Tribe has since collapsed. The company’s website is no longer accessible and YEP Inc. hasn’t made any SEC filings since May 2022.

Not surprisingly, Vilocity Global Master Trainer Ali Mehdaoui was also Global Master Trainer for YEP Tribe.

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

ProCap International has received a securities fraud warning from Hong Kong.

As per the Securities and Future Commission’s April 8th warning, ProCap [Continue reading…]

Appointment of a Qyral Receiver has been requested as part of ongoing proceedings between Hanieh Sigari and Darius Banasik. [Continue reading…]

Following the arrest of twenty ProCap Insurance scammers last October, the Philippine SEC noted the Ponzi scheme was still being promoted in the Philippines.

Apparently the foregoing [arrests] did not deter ProCap from carrying out its unauthorized investment-taking activities as the EIPD showed another evidence that ProCap is continuously offering/selling its unregistered securities.

ProCap had in fact invited the public to join its business presentations via Zoom platform on 23 January 2024 for this purpose.

This promoted the Enforcement and Investors Protection Department (EIPD) to file an instant motion requesting a cease and desist order. [Continue reading…]

Today on April 10th, 2024, BehindMLM turns fourteen.

This is a look back on the past twelve months, published as our annual “State of the Scam” report. [Continue reading…]

Following a petition filed by a Pretrial Services Officer, a court has altered Joby Weeks’ release conditions to be “more restrictive”. [Continue reading…]