companies @ BehindMLM

Last month Lyoness announced it was filing for bankruptcy in Europe. Now it’s been revealed the MLM Ponzi scheme is drowning in ~$110 million in debt.

As part of TranzactCard’s launch events, co-founder Richard Smith has reportedly resigned as CEO. One would think a co-founder stepping down warrant an official announcement, but as far as I can tell TranzactCard hasn’t made one.

ClickFlow fails to provide ownership or executive information on its website. ClickFlow’s website domain (“clickflow.life”), was privately registered on September 18th, 2023.   Update 31st January 2024 – ClickFlow is also operating from the domain “clickflow.vip”, privately registered on November 2nd, 2023. /end update   As always, if an MLM company is not openly upfront about who [Continue reading…]

ITP Corp’s iPhone Ponzi app has been removed from Apple’s Store. The removal follows Google also removing ITP Pro’s Ponzi app in September. As they did back then, ITP Corp is trying to cover up the removal under the guise of maintenance.

Tori Belle’s Chapter 11 bankruptcy has been converted into a Chapter 7 liquidation. The order for the conversion was made on November 9th, following a motion filed by the court-appointed Trustee. Whereas in a Chapter 11 bankruptcy a business restructures debt in order to continue operating, a Chapter 7 is a liquidation.

OneCoin executive Irina Dilkinska has pled guilty to wire fraud and money laundering. Following an original not guilty plea, entered after her extradition from Bulgaria in March 2023, Dilkinska pled guilty to charges in a November 9th superseding indictment.

Marlon and LaShonda Moore, owners and operators of the BINT gifting pyramid scheme, have been indicted. Criminal charges filed in Texas allege BINT defrauding “thousands of participants” out of “more than $10 million”.

Authorities in Rosario, a city in Argentina, have charged seven Generation Zoe money launderers. Following four arrests last year, this brings the total number of Generation Zoe suspects charged in Rosario to eleven.

Serial Ponzi scammer Alex Reinhardt is trying to reboot his collapsed Ultima Ponzi scheme. Reinhardt latest ruse sees him pitch a new Ultima “smart blockchain”.

Fundsz has received a securities fraud warning from Ontario, Canada. As per the Ontario Securities Commissions November 6th warning, Fundsz