companies @ BehindMLM

TRC Trade Review: Trading ruse “click a button” app Ponzi

TRC Trade fails to provide ownership or executive information on its website. TRC Trade’s website domain (“”), was privately registered on April 14th, 2024. Despite only existing for about a month, on its website TRC Trade falsely claims it has been around “since 1989”. As always, if an MLM company is not openly upfront about [Continue reading…]

edX AI pyramid fraud warning from Russia

edX AI has received a pyramid scheme fraud warning from Russia. As per the Central Bank of Russia’s May 17th warning, edX AI exhibits “signs of a financial pyramid”.

John Bigatton pleads guilty to Bitconnect fraud charge

Australian BitConnect promoter John Louis Anthony Bigatton has pled guilty to a criminal charge brought by Public Prosecutors. On May 16th Bigatton pled guilty to one charge of providing unlicensed financial services on behalf of another person.

Dusery Review: Quantitative trading “click a button” Ponzi

Dusery fails to provide ownership or executive information on its website. Dusery operates from two known website domains: (standard fintech website full of bogus information) – privately registered on October 4th, 2023 (app) – privately registered on December 23rd, 2023 Despite only existing for a few months, on its .COM website Dusery falsely [Continue reading…]

Auratus Review: Fake gold investment fraud

Auratus fails to provide ownership or executive information on its website. Auratus’ website domain (“”), was privately registered on November 29th, 2023. Auratus came about following the collapse of the GSPartners fraudulent investment scheme. GSPartners was an MLM crypto Ponzi scheme run through GSB Gold Standard Corporation. Both companies are owned by German national Josip [Continue reading…]

NovaTech FX promoter securities fraud C&D from Ohio

A NovaTech FX Ponzi promoter has received a securities fraud cease and desist from Ohio. Steven Douglas Alexander, of Cincinnati, is cited as a Respondent in the Ohio Division of Securities March 22nd order.

Dubai leak ties dozens of properties to OneCoin scammers

A “Dubai Unlocked” leak pertaining to real-estate records in the UAE has tied over two dozen properties to OneCoin scammers. The leak, shared and vetted by various media publications, also provides intel on OneCoin fugitive Frank Schneider.

Nutra Pharma Corp’s CEO settlement tops $79,000

Following news of a settlement between Nutra Pharma Corp defendants and the SEC in April, details of two settlements have now been made public. As part of a final judgment in favor of the SEC;

USFIA Receiver files for conclusion of Receivership

Following two distributions of recovered funds to victims, the USFIA Receiver has requested court permission to destroy records and close the Receivership.

FutureNet’s Anna Morgenstern criminally charged

Anna Morgenstern, wife of FutureNet co-founder Stephan Morgenstern, has been criminally charged by South Korean authorities. Separately Albanian authorities have charged Anna with laundering funds tied to a criminal offense.