companies @ BehindMLM

Brazil’s Federal Police (PF) launched Operation Yang on September 13th. The enforcement action follows a criminal investigation, which began last year in August. Details in a a press-release issued by the Federal Police suggest they are targeting Mining Capital Coin.

Stronghold Digital fails to provide ownership or executive information on its website. Stronghold Digital’s website domain (“strongholddigital.net”), was privately registered on June 17th, 2023. If we look at the source-code of Stronghold Digital’s website, we find that localization is set to Chinese: This strongly suggests whoever is running Stronghold Digital has ties to China. Note [Continue reading…]

The SEC has initiated administrative proceedings against Youngevity. The federal regulator took action after noting Youngevity has “not filed any periodic reports since” September 2020.

OneCoin co-founder Sebastian Greenwood has been sentenced to 20 years in prison. Citing the need for “general deterrence” against MLM Ponzi schemes, Judge Ramos handed down Greenwood’s sentence on September 12th.

Yelb Brokers fails to provide ownership or executive information on its website. Yelb Brokers’ website domain (“yelb.online”), was privately registered on July 30th, 2023. As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

The CFTC’s initial Complaint against Fundsz has been dismissed. In an order handed down on August 31st, Judge Berger cited the CFTC’s Complaint as an “impermissible shotgun pleading”.

Google appears to have removed ITP Corp’s Ponzi app from the Google Play Store. Both the app and “Sergii Levchenko” dev account were removed as of September 11th, 2023. In an attempt to cover up Google taking action, ITP Corp is claiming unscheduled maintenance.

WDC Quantify fails to provide ownership or executive information on its websites. Known website domains WDC Quantify operates from include: wdcquantifyvip.com – privately registered on March 13th, 2023 (already abandoned) wdcquantify.com – privately registered on February 22nd, 2023 wdcquantify.vip – privately registered on September 6th, 2023 wdc.vip – privately registered on August 31st, 2023 wdcvip.top [Continue reading…]

The Likwel Ponzi scheme has collapsed. In a post to Likwel’s official Telegram channel on September 9th, the scam announced it was “forced to freeze the activity of our company for 2 years.”

AVA (aka Audio Visual Advertising), fails to provide ownership or executive information on its website. AVA’s website domain (“avaide.net”), was privately registered on August 2nd, 2023. If we look at the source-code of AVA’s website, we can see the native language is set to Chinese: This suggests whoever is running AVA has ties to China. [Continue reading…]