BusinessForHome sold to Vida Divina’s Armand Puyolt
The MLM publication BusinessForHome has been sold off to Armand Puyolt.
Puyolt’s acquisition also brings with it several new editorial appointments. [Continue reading…]
EminiFX victim distribution plan approved
A proposed EminiFX victim claim distribution plan has been approved.
As per an order issued on January 21st, the EminiFX Receiver is authorized distribute recovered assets to victims of the scam. [Continue reading…]
$19.5 million seized from QFX Trade scammers
Indian authorities have seized $19.5 million from QFX Trade scammers.
The Times of India reports QFX Trade was a forex ruse Ponzi operating as BotBro, TLC Coin (not related to Total Life Changes) and Yorker FX. [Continue reading…]
Four Crypto 888 Club Ponzi scammers charged in Norway
Following an investigation that began in 2016, Norwegian authorities have laid charges against four Crypto 888 Club Ponzi scammers. [Continue reading…]
AI-UP Review: Stolen identity “click a button” Ponzi
AI-UP fails to provide ownership or executive information on its website.
AI-UP’s website domain (“ai-up.top”), was
AI-UP has already attracted the attention of financial regulators. The Central Bank of Russia issued an AI-UP pyramid fraud warning on February 10th, 2025.
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…]
Etherforce Review: Twelve-tier matrix cycler Ponzi
Etherforce fails to provide ownership or executive information on its website.
Etherforce’s website domain (“etherforce.io”), was privately registered on November 9th, 2024.
Some registration details are visible, such as the country code for Malaysia. Given the registrant’s organization is “bnbchain” though, the authenticity of the details is questionable.
SimilarWeb tracked ~2700 monthly visits to Etherforce’s website for January 2025. 65% of Etherforce’s website traffic originated from France, followed by 26% from Morocco and 9% from Canada.
French is the common link between these countries, suggesting whoever is running Etherforce speaks French.
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…]
BitConnect’s Satish Kumbhani tracked to Ahmedabad, Gujarat
BitConnect founder and wanted fugitive Satish Kumbhani has been tracked to Ahmedabad, a city in the Indian state of Gujurat. [Continue reading…]
BitHarvest pyramid fraud warning from Russia
BitHarvest has received a pyramid fraud warning from the Central Bank of Russia (CBR).
As per the CBR’s February 14th warning, BitHarvest exhibits “signs of a financial pyramid”. [Continue reading…]
Mining Memes Review: Crypto mining “click a button” Ponzi
Mining Memes fails to provide ownership or executive information on its website.
Mining Memes’ website domain (“miningmemes.com”), was registered with bogus details on January 19th, 2025.
Of note is Mining Memes’ website domain being registered through the Chinese registrar Alibaba (Singapore).
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…]
DNX Group Review: Renting robots ruse Ponzi scheme
DNX Group fails to provide ownership or executive details on its website.
DNX Group operates from two known website domains:
- dnxgroup.com – registered in January 2023, private registration last updated on December 25th, 2024
- dnxgroup.online – privately registered on December 27th, 2024
From this we can surmise DNX Group purchased its .COM domain in or around December 2024.
DNX Group also appears to have acquired a DNX branded FaceBook page.
DNX Group’s official FaceBook page was created in 2014, long before the MLM company bearing the same name launched.
DNX Group’s official FaceBook page is managed from the US and UK:
Interestingly prior to purchasing its .COM and .ONLINE domains, DNX Group was operating from “soundestlink.com”:
Investors began to withdraw withdrawal issues on DNX Group’s original website in July 2024:
This appears to have led to the .ONLINE domain reboot.
In an attempt to appear legitimate, DNX Group provides two corporate addresses on its .COM website; one in the UK and one in China.
It’s unclear (but unlikely) whether these addresses have anything to do with DNX Group.
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…]
