SagerMaster has received an investment fraud warning from the Netherland’s Financial Markets Authority (FMA).

As per FMA’s April 21st SageMaster warning;

The AFM warns consumers not to accept offers from TechHost WorldWide INC trading as Sagemaster.

This company is suspected of being a boiler room: a form of online investment fraud.

SageMaster is a fraudulent investment scheme offered through Be Club, an MLM pyramid scheme.

Be Club and SageMaster are operated out of Dubai by co-founders Monir, Moynul (Moyn) and Ehsaan Islam.

Monir and Moynul are former OneCoin Ponzi promoters.

Be Club began as Melius in 2018, following OneCoin’s collapse in 2017. The original scam was offering $50,000 real money trading accounts for $3000.

Melius was rebooted as Be (Better Experience, aka BE Factor) in mid 2020. Since then it’s gone by Be Rules and now Be Club.

In addition to the Netherlands, Be Club fraud warnings have been issued by Quebec (2020 and 2026), Colombia (2022), Norway (2023 and 2026), Uruguay (2023), the Philippines (2023), New Zealand (2024), Ontario (2025), Luxembourg (2025), Austria (2025), Finland (2025 and 2026) and Slovenia (2026).

In January 2025 Moynul Islam attempted to downplay Be Club regulatory fraud warnings. Moynul claimed it was “very common for most companies to get some level of warning and fines.”