FlokiAI Review: Quantitative trading “click a button” Ponzi
FlokiAI fails to provide ownership or executive information on its website.
FlokiAI’s website domain (“flokiai-gpt.com”), was registered with bogus details on October 1st, 2024.
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…]
MinerX Review: BitGood mining securities fraud in Texas
MinerX fails to provide ownership or executive information on its website.
MinerX’s website domain (“minerx.tech”), was privately registered on May 16th, 2024.
MinerX’s official FaceBook page is managed from Thailand:
MinerX marketing places its purported headquarters in Phuket:
On October 1st, MinerX uploaded a video titled “MinerX Global Community Visit KL” to its YouTube channel.
The video features what appears to be a bunch of randoms (actors?), and an individual cited as “Dr. Jeffrey”:
“Dr. Jeffrey” is Jeffrey Gan. Gan’s specific role within MinerX is opaque but he’s presented as the corporate face of MinerX.
My research into Gan led me down a rabbit hole leading to a Chinese crypto mining cartel operating out of Texas. Things get a bit complicated so bear with me as I lay it all out.
In MinerX marketing material, Gan is represented to be a US citizen with ties to Malaysia and Singapore (click to enlarge)
Four years ago Gan was the Chief Marketing Officer and face of “G-Power“:
G-Power was run by these individuals…
…and was attached to a bunch of companies:
G-Power itself was a 300% smart-contract staking Ponzi built around “unig” tokens.
Today, neither G-Power or its “unig” tokens exist.
Gan also runs “Right Arms Project”, which he claims launched in 2018.
Right Arms Project, which is evidently up to version 3.0, operates from the domain “rightarms.io”. As opposed to 2018, Right Arms Project’s website domain was registered in January 2023.
Presently Right Arms Project’s website is nothing more than a signup/login form:
As far as I can tell, Right Arms Project is the culmination of Gan’s crypto Ponzi scamming over the years… now rolled into MinerX.
Attached to Right Arms Project we have something called “Assembly of Gods”. Sounding very cultish, Assembly of Gods appears to be a group of Gan’s Chinese investors.
Assembly of Gods’ logo featured prominently in an August 2024 MinerX “kick off” event held for Chinese investors.
Research into the connection between Assembly of God and MinerX led me to Kewusuma, an MLM ecommerce retailer that also dabbles in MLM crypto fraud.
As above, Kewusuma presents Assembly of Gods as
the primary investor in Miner X which had invested $10 Million and has entrusted the Right Arm Community to manage the promotion, subscription, and marketing of the project.
Kewusuma is one of the key member in Right Arm Community.
Miner X collaborates with global mining farms, like BitGood, to boost their Bitcoin output without increasing costs, and sharing the extra profits generated.
BitGood is the name of a Chinese owned purported crypto mining facility built in Texas.
The first thing visitors to BitGood’s website see is this:
We’ll get into why BitGood has a North American disclaimer on its website in the conclusion of this review.
What’s pertinent to the introduction of this review is BitGood is owned by a Chinese outfit going by Dbank.
BitGood is a platform that relies on its own North American mining sites to provide global investors with a one-stop intelligent Bitcoin mining pool service.
In early 2023, the Dbank Group, a leader in blockchain finance, embarked on constructing a mega Bitcoin mining facility (120 megawatts) in Texas, USA – a state renowned for its abundant energy resources and compliance-friendly mining environment.
Embracing Dbank’s vision of establishing a globally compliant mainstream cryptocurrency industry ecosystem, BitGood launched its mining service products based out of its self-operated Texas mining sites.
Founded in 2017, Dbank Group began its journey with the development of the Dbank wallet in the same year.
Since 2018, the group has strategically invested in a blockchain technology R&D center, a traditional financial management institution, and two mainstream compliant trading platforms globally.
Other than it being Chinese owned and operated, I don’t have any specifics on who owns and/or runs Dbank and BitGood.
Dbank and BitGood don’t appear to directly interface with the MLM crypto investment companies tied to them.
That’s handled by yet another company, PrymeBit:
On May 3rd, 2024, Finxfeed published a press-release citing PrymeBit as an “authorized partner” of BitGood;
PrymeBit, recognized as a distinguished project certified by the Finxeed Certification Program, plays a pivotal role in external promotion and provides indispensable support to numerous partners.
As the exclusive authorized partner of BitGood, PrymeBit benefits significantly from BitGood’s cutting-edge mining facility technology and intelligent hash power pool services.
Finxeed pitches itself as a “certifier” and is run by CEO Jaz Pee, aka Wei Haw Pee and “Mr. JP”.
Pee appears to be a Malaysian national and is at the center of everything.
We’ll cover Pee’s direct involvement in MinerX and the MLM crypto Ponzi it’s a clone of in the conclusion of this review.
On Twitter, Pee cites BitGood as a project of Finxeed’s. This ties Pee to ownership of BitGood, Dbank and MinerX.
Pee obviously isn’t working alone. These individuals are represented to be owners of Dbank’s/BitGood’s mining facility in Texas:
At time of publication I don’t know who any of them are.
Marketing videos on BitGood’s website has Dbank’s/BitGood’s owners speaking Chinese, which brings us full-circle to Chinese scammers working across Texas and Asia (Malaysia and Thailand).
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…]
Forcount’s Juan Tacuri sentenced to 20 years prison
Forcount’s Jan Tacuri has been sentenced to twenty years in prison.
At the conclusion of his sentence, Tacuri will additionally be subject to an additional year of supervised release. [Continue reading…]
Top-AgiGPT4 Review: Quantitative trading “click a button” Ponzi
Top-AgiGPT4 fails to provide ownership or executive information on its website.
Top-AgiGPT4 has two known website domains:
- topagigpt4.top – registered in April 2024, private registration last updated on August 15th, 2024
- topgptai.top – registered in April 2024, private registration last updated on August 13th, 2024
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…]
PandaPay Review: Forex ruse MLM crypto Ponzi
PandaPay fails to provide ownership or executive information on its website.
PandaPay’s website domain (“pandapay.ai”), was privately registered on an unknown date.
On its website PandaPay provides a corporate address in California. The address belongs to a company selling virtual office addresses.
From this we can ascertain PandaPay likely has no physical ties to the US.
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…]
DGPT collapses, “data recovery” exit-scam
The DGPT “click a button” app Ponzi has collapsed.
On October 18th DGPT disabled withdrawals, citing a bunch of crypto baloney jargon: [Continue reading…]
Eaconomy securities fraud warning from Slovakia
Eaconomy has received a securities fraud warning from the National Bank of Slovakia (NBS).
Traffic Monsoon clawback lawsuit case closed
Following dismissal of claims against the remaining top Traffic Monsoon net-winner, clawback litigation filed by the Receiver has been closed. [Continue reading…]
Thirty-One Gifts’ closing cash grab
Thirty One Gifts has now publicly confirmed it will be closing:
While a date isn’t specified, distributors had earlier leaked December 15th.
Now, in what appears to be an attempt to clear stock, Thirty One Gifts has reduced distributor sign up fees to $1. [Continue reading…]
Tupperware sold off to hedge funds
Tupperware has been sold off to a group of debtor hedge funds.
As part of the deal, Alden Global Capital, Stonehill Institutional Partners and a trading desk of Bank of America will provide Tupperware cash to “pay other debts”.
The hedge funds themselves will use “debt cancellation for part of the purchase price”. As reported by Reuters on October 23rd, this allows the hedge funds to purchase Tupperware’s debt “at a steep discount”. [Continue reading…]
