companies @ BehindMLM

WeWe Global has collapsed for a third time. Following unscheduled “extraordinary maintenance” on August 11st, WeWe Global has now suspended withdrawals for a month.

Metamask has blocked three GSPartners related domains for “nefarious activity”. Metamask, a US-based software company, pitches itself as “the leading self-custodial wallet.”

The Golden Eye fails to provide ownership or executive information on its website. The Golden Eye’s website domain (“thegoldeneye.online”), was privately registered on July 22nd, 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 CloudFi Ponzi scheme has collapsed. CloudFi’s collapsed was preceded by withdrawal restrictions, with withdrawals now going unpaid as of last Sunday. CloudFi signalled its collapse by limiting withdrawals to Sunday. This change was announced on August 11th.

Vortic United has collapsed. Following disabling of withdrawals last week, it wasn’t until August 15th the Ponzi scheme rolled out its exit-scam. It’s the good old “we’re upgrading our servers!” ruse.

Metaverse Foreign Exchange (MTFE) is a Dubai-based Ponzi scheme that launched in 2022. MTFE originally operated from the domain (“mtfe.ca”). Following a regulatory fraud warning from the Ontario Securties Commission in early July however, MTFE abandoned it’s original domain for “mtfe.io”. MTFE’s .IO domain was registered on July 25th. Now, following delayed withdrawals, MTFE investors [Continue reading…]

The WishM “click a button” app Ponzi has collapsed. Withdrawals were disabled yesterday and investors are being threatened with fictitious action from the US Department of Commerce.

A fourth suspect behind the E-Creator “click a button” Ponzi scheme has been arrested. After E-Creator collapsed, Abraham Mutambu fled to his rural home in Chihota, a region in Zimbabwe’s east. Zimbabwe authorities made the arrest last week, presenting Mutambu in court on Saturday.

In violation of a court-ordered Statutory Restraining Order (SRO), Fundsz admins continue to provide investors with fake trading results. The CFTC has also responded to an emergency motion filed by Rene Larralde, seeking dissolvement of the granted SRO.

The outcome of Michael Glaspie’s SEC civil fraud lawsuit hinges on sentencing in parallel criminal proceedings. Glaspie was sued by the SEC back in January as a promoter of the Mike G Deal (aka CoinDeal). Following a lack of updates from the SEC, the court ordered the regulator to “show cause” by August 4th.