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 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 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 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 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…]

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

Vellius operates from two known website domains:

1. vellius.com – privately registered on November 6th, 2021
2. vellius.trade – privately registered on October 22nd, 2025

Through the WayBack Machine we can see Vellius’ domain was for sale until late 2025. Vellius’ current website went live in or around October 2025.

Despite only existing for a few months, in its marketing material Vellius’ falsely represents it was founded in 2024.

On Vellius’ official YouTube channel we find marketing videos featuring an AI-generated avatar. This is typical of scammers concealing their identity.

Vellius’ official YouTube channel is linked from their website. Turns out Vellius has a second YouTube channel though, on which we find a December 5th marketing video featuring CEO Ricardo Ramirez Ferreira:

Ferreira doesn’t exist outside of Vellius’ own marketing. The video itself is your typical Boris CEO rented office space production.

While not always, Boris CEO MLM schemes are typically run by eastern European scammers (Russia, Ukraine and/or Belarus).

In an attempt to appear legitimate, Vellius provides company registration certificates for Canada and Panama.

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.

Vellius provides a corporate address in Canada in the footer of its website. The address belongs to Alliance Virtual Offices, suggesting Vellius has no actual physical presence in Canada.

This is further supported by a December 25th video uploaded to Vellius’ Telegram channel. The video depicts the actor playing Ricardo Ferreira in Dubai.

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.

BehindMLM’s guidelines for Dubai are:

1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
2. 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 Vellius, read on for a full review. [Continue reading…]

BehindMLM originally reviewed LifeWave all the way back in 2013. Back then LifeWave was an MLM company selling weird “improve the flow of energy in the body” patches.

We also weren’t impressed with mandatory product purchases, steering LifeWave towards “buying club” pyramid scheme. Or in today’s terminology, an autoship recruitment model.

At the request of a reader, today BehindMLM is revisiting LifeWave for an updated review. [Continue reading…]

The Des Alpes MLM crypto pyramid scheme has collapsed.

After initially covering up the collapse with an unplanned maintenance announcement, “the DesAlpes team” have announced a reboot. [Continue reading…]

The twice-collapsed Zionix Global Ponzi scheme is set to reboot for a third time.

The Dubai-based scammers behind Zionix Global haven’t announced the reboot’s name. As per a January 8th communication though, the reboot is confirmed to launch on February 10th. [Continue reading…]

Portuguese authorities have confirmed an investigation into the woman suspected of laundering money for Vladimir Okhotnikov. [Continue reading…]