BixoTrade operates in the cryptocurrency MLM niche.

On its website BixoTrade claims its headed up by CEO Benjamin Gimson.

This wasn’t always the case though. On its official YouTube channel, a video uploaded on January 23rd reveals BixoTrade’s original CEO was James Bernard.

As above, Bernard is played by an actor with an American accent. Bernard’s promo video is shot in the usual rental setting.

That said, BixoTrade did go above the usual effort and decked out a complete storefront.

Unfortunately though whoever put up the BixoTrade decorations wasn’t very good at it.

This is from a second marketing video also uploaded on January 23rd.

This video reveals that, apparently within 24 hours, BixoTrade had hired a new CEO, Benjamin Gimson.

A full sit through of the second linked video above should make it abundantly clear these are actors in staged videos.

As to where the video was shot, at around [1:11] in this video a Lynx branded bus drives past.

Lynx is a US public transport company operating out Florida. The company run bus routes across Orange, Seminole and Osceola counties.

On its website BixoTrade provides three corporate addresses, one each in the UK, the US (Arizona) and Hong Kong.

In its Terms and Conditions BixoTrade states it’s

officially registered in Bixo FinTech Ltd. Company number 11994515 based in the United Kingdom.

Considering the company represents its entire corporate staff are operating out of an office in Florida, this appears to be baloney.

Furthermore UK incorporation is dirt cheap and effectively unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.

For the purpose of performing MLM due-diligence, UK incorporation is meaningless.

Alexa currently ranks top sources of traffic to BixoTrade’s website as the US (62%), Japan (12%) and Canada (2.5%).

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…]

SHA-256 provides no information on its website about who owns or runs the company.

SHA-256’s website domain (“sha-256.io”) was privately registered on October 5th, 2020.

SHA-256’s official Facebook page is being managed from Bangladesh and the Philippines.

Not sure about the Philippines but on SHA-256’s official YouTube channel, the first videos uploaded are testimonials from guys with strong Indian accents.

Seeing as Bangladesh neighbors India, the accent is likely from the same region.

This strongly suggests that whoever is running SHA-256 operates out of Bangladesh.

In an attempt to appear legitimate, SHA-256 provides incorporation details for SHA 256 LTD.

SHA 256 LTD is a shell company incorporated in the Marshall Islands. The Marshall Islands is a scam-friendly jurisdiction with little to no active regulation of corporate fraud.

For the purpose of MLM due-diligence, Marshall Islands shell incorporation should be ignored.

Based on Alexa website traffic analysis, SHA-256 is currently being promoted in Angola (30%), Russia (10%) and Venezuela (8%).

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…]

Twin TurboTRX provides no information on its website about who owns or runs the company.

Twin TurboTRX’s website domain (“turbotrx.com”) was privately registered on January 12th, 2021.

In the source-code of Turbo TRX’s website the author of the page is credited as “hustydesigns.com”:

A visit to Husty Designs’ website reveals the company targeting clients who are “looking to start a Forsage like MLM/Matrix project”.

Forsage is a collapsed matrix-based smart contract gifting scheme.

Given all that’s behind a smart-contract scam is coding for a matrix, it appears Husty Designs are selling smart contract matrix scripts.

Husty Designs’ website provides no information about who owns or runs the company.

Husty Designs’ official Facebook page is managed from India.

This suggests whoever is behind the scam script company is based out of India.

Whether Husty Designs is behind Twin TurboTRX or they’ve set it up for a scamming client is unclear.

What we do know is the official Twin TurboTRX compensation document, provided by the company on their website, was authored by Ann Marie Osorio.

On Facebook Osorio goes by Ann Marie Corral-Osorio.

According to her profile she’s based out of California and is currently soliciting investment into Twin TurboTRX:

Osorio also hosts marketing videos on Twin TurboTRX’s official YouTube channel:

At the time of publication Alexa ranks the top sources of traffic to Husty Designs’ website as Venezuela (20%), the US (16%) and Argentina (11%).

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…]

WorldVentures has secured a preliminary injunction against former executive Kenneth E. Head (aka Eddie Head).

As alleged by WorldVentures, upon leaving the company Eddie Head essentially began replicating its travel opportunity at Seacret Direct.

The granted preliminary injunction prohibits Head, who was recently appointed President of Seacret Direct, from having any involvement in Seacret’s newly launched travel platform. [Continue reading…]

Ben Quigley’s Telegram-based gifting scheme seems to have run its course, prompting him to relaunch as Gifting Communities.

Why the “kevlar” from Kevlar Gifting Communities was dropped is unclear.

In contrast to Kevlar Gifting Communities, which was marketed behind closed doors, Gifting Communities has its own website and publicly available marketing videos. [Continue reading…]

A 39 year old man has been apprehended by Portugal’s Judiciary Police.

Gonçalo Silva, author of the website Fraud Portugal, hypothesizes the suspect is Evo Binary’s Ramon Alcantara. [Continue reading…]

After failing to launch coming up on three years, Ash Mufareh has announced a GoFounders token.

GOF is being flogged to OnPassive and GoFounders affiliates for $1 each. [Continue reading…]

Coinciding with the announcement they were “resetting” their collapsed crypto Ponzi scheme, Global Technologies & Innovation has capped affiliate withdrawals.

As per an announcement sent out just before Easter, GTI affiliates will only be able to withdraw up to €3000 EUR a month. [Continue reading…]

My Freedom in 365 provides no information on its website about who owns or runs the company.

In fact as I write this, My Freedom in 365’s website is nothing more than an affiliate login and/or recruitment capture page.

My Freedom in 365’s website domain (“myfreedomin365.com”) was registered with incomplete information on September 5th, 2019.

In researching My Freedom in 365 I came across a Facebook group linked off what appears to be the company’s official Facebook page (abandoned as of April 2020).

The group is named “The Freedom in 365 Movement” and has 8409 members.

Admins of the group are:

• Anthony Newson
• Thaddeus Shockley Jr.
• Tremelle Williams
• Darren Cooper
• Anthony Mitchell
• Jermaine Taylor
• Rick LitoTdc
• Tre Swaii
• Famous Amos (alias)
• Mark Lee Jr.
• Portia Shena Williams
• Shay Hargett

Presumably one or more of these group admins are involved in running My Freedom in 365, or are working closely with whoever is.

As per My Freedom in 365’s website terms and conditions, the company is “headquartered in the state of Tennessee”.

At the time of publication Alexa ranks the US as the only significant source of traffic to My Freedom in 365’s website (83%).

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…]

At the core of every MLM token Ponzi scheme is the big stash of admin tokens.

These tokens are created out of thin air and dumped to extract funds out of the scheme.

If analysis of G999 blockchain is accurate, GSPartners had dumped over 2 billion G999 tokens to date. [Continue reading…]