Serial fraudster Ciprian Ciceu has rebooted his collapsed Mainet Ponzi scheme as Mainet Funded.

Mainet Funded, based out of Dubai, pitches investors on “funded” trading accounts of up to $1 million.

Attached to this is a single-level affiliate compensation plan, paying out up to 20% on recruitment:

Seeing as Mainet Funded isn’t an MLM scam BehindMLM isn’t publishing a formal review. Mainet did get big enough though to note Ciceu rebooting the scam.

Ciceu began his Ponzi scamming with Be Trader, an MLM crypto trading ruse Ponzi pitching 20% to 40% monthly returns.

BeTrader launched in or around July 2019 and collapsed in October 2019.

After BeTrader Ciceu launched BeTrader Academy, a shitcoin Ponzi scheme. BeTrader Academy’s collapse prompted the launch of Mainet in 2022.

Mainet was more of the same from Ciceu, pitching consumers on a 0.75% daily ROI. Through local promoters, Mainet found an audience of gullible investors in France and Côte d’Ivoire.

France’s AMF blacklisted Mainet for fraud in May 2023. That same month Mainet disabled investor withdrawals and collapsed.

Mainet Funded’s website domain was privately registered through a Romanian address in November 2023.

Originally from Romania, Ciceu’s Ponzi scamming saw him relocate to Dubai at some point.

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.

BehindMLM’s guidelines for Dubai are:

  1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
  2. If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.