Nelo Life has announced a near identical clone of the TranzactCard “Z-Bucks” disaster. [Continue reading…]

James Ward will pay an $80,000 civil penalty after defrauding consumers through Apex Financial.

Apex Financial was an MLM crypto Ponzi launched in 2021. The scheme was built around APT, a token Ward created. [Continue reading…]

My Forex Freedom fails to provide ownership or executive information on its website.

My Forex Freedom’s website domain (“myfxfreedom.com”), was privately registered on July 14th, 2025.

If we click on My Forex Freedom’s website support button, we find a profile photo matching Calvin Harvey:

Harvey, who also goes by “richoff_pips”, appears on My Forex Freedom marketing webinars but doesn’t acknowledge ownership of the company.

Harvey appears to be based out of Michigan and also runs the HustleOS marketing platform.

As opposed to My Forex Freedom, Harvey doesn’t shy away from claiming ownership of HustleOS:

In 2016 BehindMLM Harvey as co-admin of the Reverse Commissions MLM gifting scheme. Before that, circa 2014, Harvey was a promoter of the collapsed RE247365 pyramid scheme.

Whatever Harvey was up to between 2016 and around 2024 has been deleted off the internet. Harvey’s current social media profiles have been scrubbed back to mid 2024.

Shortly after Harvey jumped on the AI grift bandwagon.

Around mid 2025, Harvey reinvented himself again as a trading bro.

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…]

The Profit Connect Receiver has filed a clawback lawsuit against twenty net-winner promoters. [Continue reading…]

CryptoProgram promoter Scott Alexander Morris has settled a defamation lawsuit filed by Brandon Williams, owner of the Ponzi Patrol YouTube channel. [Continue reading…]

In a final blow to Chris Terry’s years of planning to hide assets, a court-appointed Temporary Receiver has been made permanent.

From the court’s November 7th eighty-seven page order; [Continue reading…]

QOC Exchange, aka QOC Prime, QOC Plus and QOC Max, fails to provide ownership or executive information on its websites.

QOC Exchange operates from five known website domains:

1. quantum-art.com (primary website) – registered in 2017, private registration last updated on June 11th, 2025
2. qoc.exchange (marketing) – privately registered on May 19th, 2025
3. qoc-exchange.com (marketing) – privately registered on May 19th, 2025
4. qoc-ex.review (marketing) – privately registered on May 19th, 2025
5. qoc-plus.wiki (marketing) – privately registered on September 24th, 2025

There are likely additional QOC Exchange website domains not listed above.

Through the WayBack Machine we can see QOC Exchange’s primary domain website went live in or around July 2025.

Despite only existing for a few months, QOC Exchange falsely claims it was founded in 2019:

If we look at QOC Exchange’s website source-code, we find Chinese:

This suggests whoever is running QOC Exchange 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…]

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

Prestige Wealth Investments’ website domain (“prestigewealthinvest.com”), was privately registered on October 11th, 2024.

Further research reveals marketing materials citing Prestige Wealth Investments’ founder and CEO as KM Monareng (aka Kamogelo Moral Monareng):

As above, Prestige Wealth Investments presents KM Monareng as “an African entrepreneur with a proven track record of expertise, spanning over a decade in the financial services industry”.

While Monareng might be from Africa, his social media posts reveal he’s hiding out in Dubai:

Why is Monareng hiding out in Dubai and using initials to conceal his identity?

In 2019 South Africa’s Financial Sector Conduct Authority issued a public fraud warning against Monareng;

The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial-related business with Money Moves Forex Trading and Prophet Moral Monareng, who are both not authorised in terms of the Financial Advisory and
Intermediary Services Act, 2002 (FAIS Act), to render any financial advice and intermediary services.

It was brought to the attention of the FSCA that Money Moves Forex Trading and/or Prophet Moral Monareng are purporting on social media platforms to be authorised financial services providers. Additionally, Money Moves Forex Trading and/or Prophet Moral Monareng use FSP number 48809 belonging to a registered financial services provider; Lebone Risk Solutions, and purport to be affiliated with it, whilst that is not the case.

According to the FSCA’s records, Money Moves Forex Trading is not an authorised financial services provider and Prophet Moral Monareng is not a representative, therefore, neither of them can render financial services as contemplated under the FAIS Act.

Money Moves Forex Trading, aka MMFT Global, was a South African scam that collapsed around the time of the FSCA’s warning.

In 2021 the South African Reserve Bank issued a forfeiture notice, pertaining to Monareng, MMFT Global and Divine Life Broadcasting Network.

The notice detailed an order requiring Monareng to forfeit R1.73 million, misappropriated through MMFT Global ($99,978 USD).

Total MMFT Global losses remain unknown.

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.

BehindMLM’s guidelines for Dubai are:

1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
2. If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

If you want to know specifically how this applies to Prestige Wealth Investments, read on for a full review. [Continue reading…]

Veraxis markets itself as Veraxis Global Business School. As far as I can tell, Veraxis is not accredited by any education board.

That’s first and foremost because Veraxis isn’t a school. We’ll get a bit more into that in the conclusion of this review.

Veraxis operates from three known website domains:

1. venisonamerica.com – registered in 2017, purchased by Veraxis admin(s) on or around October 3rd, 2025 (private registration)
2. veraxisglobalbusinessschool.com – registered on April 26th, 2025, private registration last updated on November 2nd, 2025
3. veraxisgbs.com (non-functional, used for support email) – registered on June 26th, 2025, private registration last updated on November 6th, 2025

While Veraxis does provide a list of executives on its website, these are fictional identities represented by AI-generated avatars:

Accompanying Veraxis’ AI-generated executives are AI-generated marketing videos:

The videos are spliced with stock footage and AI robodub narration. It’s unclear whether Veraxis’ fictional executives are modelled on real people or are complete AI fabrications.

Either way, the use of AI to deceive consumers is typical of scammers seeking to hide their identity.

One Veraxis AI marketing video, featuring AI-generated avatars spliced with stock footage, represents a Veraxis marketing event held in Indonesia.

While not definitive this suggests, combined with the use of fictional executives, this Veraxis is being run by Chinese and/or Russian scammers.

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…]

Noted as far back as May, BitClub Network defendant Joby Weeks has been flooding his criminal case docket with motions and notices.

Most of the motions aren’t worth reporting in one of the motions Weeks sought to withdraw his guilty plea. [Continue reading…]