What’s left of GSPartners spinoff Auratus Gold is gearing up to hold two marketing promo events in Queensland, Australia this weekend.

The events, which will no doubt be used to market Auratus Gold to Australians, follow two Auratus Gold specific fraud warnings issued by the Australian Securities and Investments Commission (ASIC). [Continue reading…]

After pleading guilty to money laundering charges, Firoz Patel’s plan seems to have been do a bit of jail time and then live off $24 million in stashed bitcoin.

Unfortunately for Patel the DOJ caught wind of the stash, prompting additional criminal charges filed in May 2023.

Patel pled guilty to obstruction last month and now faces a second prison sentence. [Continue reading…]

Pruvit has sued Vital Health for alleged infringement of ketosis related patents.

Pruvit is joined in its lawsuit by Axcess Global Sciences, a Texas shell company who licenses use of the patents to Pruvit. [Continue reading…]

US authorities have finally taken action against The Traders Domain Ponzi scammers.

On September 30th the CFTC filed suit against Traders Domain FX LTD and several additional corporate and individual defendants.

While The Traders Domain itself wasn’t an MLM opportunity, the scam is of interest to BehindMLM due to several MLM Ponzis feeding into it. The Traders Domain was also promoted by several well-known MLM figures. [Continue reading…]

Visalus has been ordered to pay $638,125 in legal costs.

The October 2nd order is part of a lawsuit filed against Visalus in 2015, alleging multiple violations of the Telephone Consumer Protection Act (TPCA). [Continue reading…]

Back in August BehindMLM covered Financial Education Services’ $324 million FTC settlement.

The settlement pertained to the FTC alleging FES “scam[med] consumers out of more than $213 million”.

On September 27th I received an email from Sue Griffin, representing herself to be VP of Agent Support for United Wealth Education Services, formerly FES.” [Continue reading…]

GlobTFX, aka GTFX App, fails to provide ownership or executive information on its website.

GlobTFX’s current website domain (“globtfx.com”), was privately registered on July 23rd, 2024.

It should be noted that GlobTFX has disabled root website access on their domain. The company instead operates from two subdomains:

1. home.globtfx.com – app funnel
2. h5.globtfx.com – desktop app access

GlobTFX previously operated from the domain “gtfxx.com”, which has since been disabled.

In an attempt to appear legitimate, GlobTFX appears to have registered a shell company with FinCen.

FinCen is not a financial regulator. Seeing as any schmuck can register a shell company with FinCen, doing so in and of itself is meaningless.

If we look at the source-code of GlobTFX’s website, we can see it is localized to Chinese:

This suggests whoever is running GlobTFX has ties to China.

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…]

Titan Wealth fails to provide ownership or executive information on its website.

Titan Wealth’s website domain (“invest-titan.com”), was privately registered on September 2nd, 2024.

In an attempt to appear legitimate, Titan Wealth provides a corporate address in Dallas, Texas on its website.

The address corresponds to a residential apartment building, meaning it’s unlikely to have anything to do with Titan Wealth.

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…]

Authorities in Gujarat have seized another 47.7 crore worth of assets tied to BitConnect (~$5.6 million). [Continue reading…]

Vortic United has received a securities fraud warning from the British Columbia Securities Commission (BCSC).

As per BCSC’s October 7th, 2024 Vortic United warning; [Continue reading…]