The gaslighting of Daisy victims continues.

The latest March 6th video sees Jeremy Roma,  Eduard Khemchan and Ilya Marin pretend Daisy wasn’t an investment scheme. The trio also denies they stole investor funds. [Continue reading…]

Quintessential Business Network (QBN) has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV).

As per the CNMV’s February 25th warning; [Continue reading…]

UbitEx has received a securities fraud warning from France’s Autorite des Marches Financiers (AMF).

As per the AMF’s February 13th, 2025 warning, Ubitex is “blacklisted by the AMF because it offers financial services or products without being authorized”. [Continue reading…]

An associate of DAO1’s Alexandru Nicolae Bodi (aka Alex Bodi), has been arrested in Romania.

Late last year Horatiu Potra was “arrested for allegedly planning to instigate unrest in Romania.” [Continue reading…]

The SEC has dropped Oscar Garcia from its ongoing Batched investigation. [Continue reading…]

Quantitative Trading fails to provide ownership or executive information on its website.

Quantitative Trading’s website domain (“198hh.com”), was registered with bogus details on February 15th, 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…]

SourceLess operates in the MLM cryptocurrency niche.

A US address provided on SourceLess’ website belongs to Harvard Business Services, Inc. Harvard Business Services, Inc. sells Delaware company formation and mail forwarding services.

Heading up SourceLess is founder and CEO Alexandru Stratulat.

Alexandru is based out of Romania and, prior to SourceLess, founded Ccoin.

Ccoin was a pump and dump crypto scam built around its CCOS token. Ccoin appears to have collapsed in early 2022.

What’s left of Ccoin operates as Ccoin Finance. Ccoin Finance sells VISA debit cards attached to its internal crypto accounts.

SourceLess launched around 2020 and, at least on some level, appears to have been integrated into Ccoin.

In addition to Stratulat being based out of Romania, SourcLess’ official FaceBook page is also managed from Romania:

From this we can ascertain, as opposed to the US, SourceLess is based out of and operated from Romania.

SourceLess’ first two “source-less.com” and “sourceless.io” website domains have been abandoned. Today SourceLess operates from “sourceless.net”, registered through a Romanian address on February 10th, 2024.

Read on for a full review of SourceLess’ MLM opportunity. [Continue reading…]

US authorities have confirmed an arrest warrant has been issued against fugitive Jason Cardiff. [Continue reading…]

Coinbase Quantitative has no website, it operates through a Telegram bot “@CoinbaseQuantitative_bot”

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…]

Satoshi Square Table operates in the MLM cryptocurrency niche.

Satoshi Stable’s website domain (“satoshistable.com”), was privately registered on December 6th, 2024.

Serial fraudster Sam Lee is cited as Satoshi Square Table’s CEO.

Xue Samuel Lee is a wanted fugitive hiding in Dubai.

With partner-in-crime Ryan Xu, Lee launched HyperCash, HyperCapital, HyperFund and Hyperverse – all Ponzi schemes in which the majority of investors lost money.

After those Hyper* Ponzi schemes came HyperNation and HyperOne, although Lee’s direct involvement in those follow-ups is less clear.

Lee spent most of 2022 hiding in his Dubai apartment. Originally from Australia, Lee fled to the MLM crime capital of the world in 2021 as HyperFund took off.

In late 2022 Lee reemerged with StableDAO. Aimed at victims of Lee’s previous scams, StableDAO pitched an 11% a month return.

StableDAO also served as a scam incubator platform, through which Lee has launched StableOpinion and VidiLook.

StableOpinion failed to gain any significant traction. VidiLook did but collapsed on April 21st.

Fresh off VidiLook’s collapse We Are All Satoshi launched, marking Lee’s third StableDAO spinoff. We Are All Satoshi collapsed in September 2023.

In January 2024 Lee and two conspirators were indicted on HyperFund related fraud charges. The SEC filed parallel civil fraud charges against Lee that same month.

In October 2024 Lee was detained in Dubai on an Interpol arrest warrant. Lee was released in December 2024 and, as at time of publication, remains a fugitive wanted by US authorities.

Read on for a full review of Satoshi Square Table’s MLM opportunity. [Continue reading…]