TronCoin Review: Crypto mining “click a button” app Ponzi

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

TronCoin’s website domain (“tron-coin.net”), was privately registered on June 23rd, 2024.

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…]


Asignat Review: Boris CEO MLM crypto Ponzi

Asignat fails to provide verifiable ownership and executive information on its website.

While Asignat does provide a list of executives…

…none of them exist outside of Asignat’s own marketing.

Asignat’s website domain (“asignat.com”), was first registered in 2019. The private registration was last updated on January 31st, 2024.

Through the Wayback Machine we can see Asignat’s current website went live in or around October 2023. This syncs with the creation of Asignat CEO Ruben Hogarth’s FaceBook profile on or around October 6th, 2023.

Prior to the current website Asignat was some Russian website. We also find Russian in Asignat’s website source-code:

Whoever is running Asignat appears to have ties to Russia.

Further supporting this is the Central Bank of Russia issuing an Asignat pyramid fraud warning in October 2022.

It appears Assignat is a long-running scam that, after initially scamming Russians, is now targeting potential investors outside of Russia.

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…]


TronSun Review: Crypto mining “click a button” app Ponzi

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

TronSun has two known website domains; “tronsun.cc” and “tronsun.top”. Both domains were privately registered on April 29th, 2024.

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…]


Crown Bankers Review: Boris CEO MLM crypto Ponzi

Crown Bankers fails to provide verifiable ownership or executive information on its website.

While Crown Bankers does provide a list of executives, these are fictional identities represented by actors:

I originally thought these might be stolen photos but the actors actively appear in Crown Bankers’ promotional material:

In an attempt to appear legitimate, Crown Bankers provides incorporation details for Crownquest Asset Management LTD.

Crownquest Asset Management LTD was incorporated in the UK on June 19th, 2024. Whether this company has anything to do with Crown Bankers is unclear.

In researching Crown Bankers’ fictional executives I found a common thread in the use of stolen photos of actors with ties to India.

This syncs with Crown Bankers’ official FaceBook page being managed from India:

Whoever is running Crown Bankers appears to be based in and/or has ties India.

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…]



Rodan + Fields abandons MLM model

Rodan + Fields has announced it is abandoning its MLM business model as of September 1st.

In its place Rodan + Fields will operate what it calls a “simplified business model”, aimed at “unlock[ing] growth and reach[ing] new customers”. [Continue reading…]


BitConnect scammer John Bigatton avoids prison

Australian BitConnect scammer John Bigatton has avoided prison.

Following a guilty plea in May, Bigatton faced up to forty-seven years in prison.

On July 15th, Bigatton was convicted but “released on a recognisance to be of good behaviour for three years.” [Continue reading…]


HyperFund’s Rodney Burton is a sovereign citizen nutjob

After stealing millions from consumers through cryptocurrency Ponzi schemes, and allegedly aware of federal investigations into him, HyperFund’s Rodney Burton believed he was above the law.

As part of that process, Burton fell down a sovereign citizen rabbit hole.

Upon his arrest at a Florida airport back in January, US authorities seized a “27-page packet documenting [Burton’s] participation in the sovereign citizen movement”.

Burton was caught attempting to flee to Dubai. Dissecting that part is easy, Dubai has no extradition treaty with the US and is notorious for sheltering criminals from all over the world.

Unpacking Burton’s descent into sovereign citizen nutjobbery requires deeper analysis. [Continue reading…]



A8 AI USDT Review: Quantitative trading “click a button” Ponzi

A8 AI USDT fails to provide ownership or executive information on its website.

A8 AI USDT’s website domain (“a8-aiusdt.com”), was privately registered on June 24th, 2024.

A8 AI USDT has already attracted the attention of financial regulators. The Central Bank of Russia issued an AI A8 USDT pyramid fraud warning on July 8th, 2024.

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…]


HyperFund scammer Rodney Burton denied release

HyperFund Ponzi promoter Rodney Burton was arrested en route to Dubai back in January.

Since then Burton has been in custody pending the outcome of him criminal case.

On June 16th, Burton filed a motion requesting a review of his detention. Burton’s motion was denied on July 9th. [Continue reading…]


Oxon Services Review: Generic fintech ruse Ponzi

Oxon Services fails to provide ownership or executive information on its website.

Oxon Services’ website domain (‘oxonservicesltd.com”), was privately registered on May 24th, 2024.

In an attempt to appear legitimate, Oxon Services provides an Australian shell company certificate for Oxon Services Pty Limited.

The certificate dates back to 2005 and, given Oxon Services is just over a month old, obviously has nothing to do with the company.

Given the certificate also cites a “record of registration” from 1998, it also appears to be doctored.

Oxon Services has already attracted the attention of financial regulators. The Central Bank of Russia issued an Oxon Services pyramid fraud warning on July 3rd, 2024.

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…]