AI Marketing pyramid scheme warning issued by Russia
The Central Bank of Russia has issued a pyramid scheme warning against AI Marketing.
As per the Central Bank’s August 16th warning, AI Marketing and associated companies UDM Creators LTD, Wexford Alliance Limited and Zarya LLC, show “signs of a pyramid scheme”.
Wexford Alliance is/was a Hong Kong shell company used to launder INB Network and AI Marketing funds. I’m not familiar with UDM Creators or Zarya.
AI Marketing was a Ponzi scheme run by the MLM company INB Network.
On July 12th INB Network suspended AI Marketing withdrawals, effectively collapsing their Ponzi scheme.
Posting through AI Marketing’s social media channels, at the time INB Network claimed Russian authorities had added the company’s website to a blacklist.
This would now appear to be a reference to the Central Bank of Russia’s warning.
INB Network and AI Marketing are believed to be run by Russian nationals. Russian residents are also heavily involved, both as INB Network MLM promoters and AI Marketing investors.
Russian authorities cracking down on the Ponzi scheme would certainly explain AI Marketing’s collapse.
Likely hoping to milk gullible investors for a bit longer, earlier this month it was revealed AI Marketing would be rebooted as CashBackPro.
Seeing as INB Network wasn’t mentioned in the Central Bank’s warning, this appears to be an attempt to continue to defraud investors under a new company name.
Alexa website traffic analysis suggests visitors to CashBackPro’s website are primarily from Venezuela, India and Algeria.
Is there any news regarding Finiko russia and or Omfinom?
Kirill Doronin will remain in custody until late September, but it may be prolonged by court. Sabirovs and Zygmunt are on the run.
As of Omfinom, might be dead, unless Doronin appointed someone to take care of the scheme before his arrest.
Following the link you provide, I can’t find the 16th august warning you’re talking about. Where is it?
About previous comment: my mistake… I kept searching for a page in english.
The warning is there, just in russian. Can’t understand what they say, I guess I can trust your translation…
This is the second time this has come up. Do y’all not read the articles you’re commenting on?
Why did Ai marketing claimed to have been blacklisted by Russian government as at 13th July 2021 when August 16 was when Central bank of Russia issued a warning to the public.
Can someone clarify this?
Probably because they knew of the regulatory notice prior to it being published publicly.
The Bank of Russia publishes notices in batches. They might have contacted AI Marketing prior to publication.