Serial fraudster Shavez Ahmed Siddiqui, aka Shavez Anwar, has managed to get WP Engine to disable access to Danny de Hek’s website.

Siddiqui, or someone pretending to be and/or representing him, is also threatening BehindMLM.

Common between de Hek and BehindMLM, with respect to Siddiqui, is both have been researching and reporting on Siddqui’s fraud for years. [Continue reading…]

BitPay Mining fails to provide ownership or executive information on any of its websites.

BitPay Mining previously operated from three known website subdomains on the domain “ht-88.com” (private registration last updated on June 9th, 2025):

1. bit048.ht-88.com (already abandoned)
2. bit003.ht-88.com (already abandoned)
3. bit048.ht-88.com (already abandoned)

Given the “bitXXX” formula used to spin up these BitPay Mining website subdomains, there are likely others.

Currently BitPay Mining is operating from the subdomains:

1. h1137.jckx.net – private registration last updated on April 24th, 2025
2. bit019.22wqq.com – private registration last updated on April 16th, 2025

Again, these appear to be another set of formulaic subdomains created on primary domains. There are likely other BitPay Mining subdomains and domains not referenced here.

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…]

Malaysian and Chinese police have seized $900 million tied MBI International, a Ponzi scheme run by Tedy Teow Wooi Huat (aka Zhang Yufa). [Continue reading…]

The SEC is hunting down QZ Asset Management Ponzi scammers in China.

After defrauding consumers out of “millions of dollars” , QZ Asset’s Blake Yeung Pu Lei went into hiding.

The SEC believes Lei (below) is hiding in China, although its first attempt at finding him came up blank. [Continue reading…]

Avlitex has received a securities fraud warning from the Ontario Securities Commission (OSC).

As per OSC’s May 23rd Avlitex warning; [Continue reading…]

Bank of America has reached a settlement with the Profit Connect Receivership for $1.825 million.

As per a motion seeking settlement approval filed on June 5th; [Continue reading…]

Lquid Finance, dba LquidPay, has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC).

As per ASIC’s June 6th Lquid Finance and LquidPay warning; [Continue reading…]

TriumphFX has received a securities fraud warning from Seychelles’ Financial Services Authority (FSA).

As per the FSA’s May 20th TriumphFX warning; [Continue reading…]

Lquid Finance, dba LquidPay, has received a fraud warning from New Zealand’s Financial Markets Authority (FMA).

As per the FMA’s May 2nd, 2025 Lquid Pay warning; [Continue reading…]

Foreword: Due to Russia’s war on Ukraine, accessing Russian websites from outside of Russia is currently problematic.

This article cites the Russian Ministry of Internal Affairs and Izvestia. Although links to both sources are provided, they are unlikely to work when accessed from outside of Russia. /end foreword

Antares Trade Ponzi scammer Alexey Zhirovkin (aka Aleksey and Alexander Zhirovkin), has been arrested in Turkey.

Although the Central Bank of Russia issued an Antares Trade fraud warning in July 2021, unfortunately Zhirovkin’s arrest has nothing to do with Ponzi scamming.

In late May the Russian Ministry of Internal Affairs (MVD), announced “a Russian citizen” was arrested on an Interpol warrant in Turkey. Turkey then extradited the suspect to Russia (alternative Rambler archive article). [Continue reading…]