The Quinex Ponzi scheme has collapsed.

Following disabling of withdrawals on or around November 20th, Quinex investors are now being directed to sign up for a Coinage Bits reboot. [Continue reading…]

Risen Live operates in the personal care, supplements, clothing and trading MLM niches.

Risen Live’s website domain (“risen.live”), was first registered in February 2024. The private registration was last updated on March 28th, 2025.

Heading up Risen Live we have founder and CEO Hatem Sherien, an Egyptian national based out of Dubai.

Sherien was appointed Vice President of Dubli in December 2018.

Dubli, aka Ominto, was an ecommerce MLM pyramid scheme that collapsed in 2022.

After Dubli Sherien signed up to promote the Riseoo ecommerce MLM pyramid scheme.

Risoo’s website is still online but, based on its social media profiles being abandoned, appears to have collapsed towards the end of 2023.

Sherien launched Risen Live in early to mid 2024, primarily targeting Egypt. Roughly one and a half years in, SimilarWeb was tracking less than 500 monthly visits to Risen Live’s website.

In early October, Risen Live announced Holton Buggs would be joining the company as Chairman of the Board. This coincided with Buggs selling iBuumerang assets to Risen Live. The terms of the sale are not public.

iBuumerang launched in 2019 as a discounted travel MLM company. A forex trading scheme named Ellev8 was later added, prompting a fraud warning from New Zealand’s Financial Markets Authority.

If I had to mark iBuumerang’s decline, it’d be circa 2022 with Buggs’ launch of Meta Bounty Hunters.

Although he’d been trying to get into crypto fraud since 2018, Meta Bounty Hunters marked Buggs’ full-blown transition to MLM crypto Ponzi fraudster.

Buggs’ shift in focus saw him pillage iBuumerang to feed his Ponzi addiction. As Meta Bounty Hunters was collapsing, Buggs launched a Meta Bounty Huntresses sequel in late 2022.

Both of Buggs’ Meta Bounty Ponzi schemes collapsed in February 2023.

In addition to his own MLM crypto Ponzi schemes, Buggs emerged as a top promoter of The Traders Domain Ponzi scheme in early 2023.

Buggs is believed to have been feeding Meta Bounty Hunter and Meta Bounty Huntress investor funds into The Traders Domain.

A database leak in June 2023 revealed Buggs had purportedly stole over $125 million through The Traders Domain.

The same leaked database pegged The Traders Domain Ponzi losses at $3.3 billion. Meta Bounty Hunters and Meta Bounty Huntresses losses are unknown. Ditto how much iBuumerang promoters Buggs lured into the Ponzi schemes lost.

Buggs was named as a defendant in an October 2024 CFTC lawsuit targeting The Traders Domain scammers.

The CFTC revealed Buggs personally recruited “at least 517” investors, who together invested “no less than $54 million” into The Traders Domain.

By this stage the damage to iBuumerang was irreversible. iBuumerang disabled promoter withdrawals in May 2025.

At time of publication the outcome of the CFTC’s lawsuit against Buggs remains pending.

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 how this specifically applies to Risen Live, read on for a full review. [Continue reading…]

In the wake of the BitHarvest Ponzi collapse, top net-winner Jan Gregory has vowed to continue scamming consumers. [Continue reading…]

It’s a Lifestyle Outlet fails to provide ownership or executive information on its website.

It’s a Lifestyle Outlet’s website domain (“itsalifestyleoutlet.com”), was registered on March 14th, 2024. The private registration was last updated on March 15th, 2025.

Further research reveals It’s a Lifestyle Outlet “relaunch” marketing material from September 2025:

Featured in the promo above are Kenny and Chante Lloyd.

The Lloyds made a name for themselves as co-CEOs of Tava, a LaCore Enterprises MLM company.

Following a copyright infringement lawsuit filed in 2023, Tava collapsed later the same year or early 2024.

With respect to the copyright infringement lawsuit, there have been no case docket updates since May 2025.

After Tava collapsed the LLoyds began promoting Govvi. That doesn’t seem to have worked out, which brings us to It’s a Lifestyle Outlet’s launch.

Why the Lloyds fail to disclose ownership on It’s a Lifestyle Outlet’s website is unclear.

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…]

Axiom fails to provide ownership or executive information on its website.

Axiom’s website domain (“axiom.trade”), was privately registered in December 2024. The private registration was last updated on November 24th, 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…]

De Spend, also going by DeSpend, fails to provide ownership or executive information on its website.

De Spend’s website domain (“despend.com”), was privately registered on August 28th, 2025.

Over on De Spend’s official English Telegram channel we find Chinese:

This ties into official De Spend marketing videos also being in Chinese:

This strongly suggests whoever is running De Spend has ties to China.

Despite the obvious ties to China, Chinese scammers behind De Spend falsely represent ties to the US:

This is the typical “register a US shell company with bogus details –> register shell company with FinCEN” legitimacy ruse scammers outside of the US use.

Any company can be voluntarily registered with FinCEN. FinCEN is not a financial regulator, registration of a company with FinCEN is meaningless with respect to MLM due-diligence.

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…]

As part of its merger with Immunotec, My Daily Choice is holding earned commissions hostage. [Continue reading…]

LyoPay CEO Luiz Goes claims Alessio Vinassa ran the WeWe Global Ponzi scheme.

On November 22nd, Goes sent BehindMLM an email with the subject “URGENT Request for Name and Photo Removal – Luiz Goes / Multiple Articles (8 URLs)”.

It was typical of emails BehindMLM receives from scammers looking to hide their crimes. [Continue reading…]

Andre and Monique Vaughn have been ordered to pay $1,776,626 in taxes. [Continue reading…]

PoolPay$ fails to provide ownership or executive information on its websites.

PoolPay$ operates from two website domains:

1. poolpays.com – privately registered on September 9th, 2025
2. poolpays.app – privately registered on an unknown date

Despite only existing for a few months, on its website PoolPay$ falsely claims it

has already moved over $80 million during its pre-launch from 2023 to July 2025.

Of note is PoolPay$’s website defaulting to Portuguese. This suggests whoever is running PoolPay$ is probably fluent in Portuguese.

One name we can tie to PoolPay$ is Thiago Malcher, author of PoolPay$’s official marketing presentation:

I wasn’t able to find anything further on Malcher with respect to PoolPay$. Thiago however is a common Portuguese name.

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…]