companies @ BehindMLM

Tim Bentley’s Zeus’ Bounty and Zeus’ Chariots Ponzi schemes have collapsed. Zeus’ Bounty was a simple smart-contract Ponzi scheme that launched in late 2021. Circa January 2022 Zeus’ Bounty began to collapse, prompting Bentley to launch Zeus’ Chariots.

Metaverse Foreign Exchange Group has received a securities fraud warning from Ontario. As per the Ontario Securities Commission’s June 30th warning;

Following their nationwide ban in New Zealand, Validus has announced they are disabling withdrawals for newer investors. Older Validus investors who have not ranked are being prioritized (i.e. totally passive investors). Everyone else is screwed.

EvoRich was a spinoff of Anatoly Yunitskiy’s Skyway Capital Ponzi scheme. Andrey Khovratov, EvoRich’s founder and CEO, was arrested in Russia in April 2022. Khovratov has been charged with criminal fraud and, as of May 2023, remains in pre-trial detention behind bars. Armands Murnieks doesn’t publicly acknowledge Khovratov’s arrest. He refers to it as a [Continue reading…]

Trillant is under investigation for fraud in Germany. BaFin disclosed it was investigating Trillant and EUPAC Digital Services Ltd. on November 22nd, 2022.

Following two securities fraud warnings and an interim stop order, Validus filed an appeal against New Zealand’s Financial Markets Authority. The High Court dismissed Validus’ appeal, meaning the Ponzi scheme is now permanently banned in New Zealand.

With TranzactCard shaping up to be another pile of broken promises from Richard Smith, the company has trotted out Peter Rancie for a July 3rd Corporate Update. While TranzactCard’s update does contain some information (more promises), Rancie takes up a good deal of the real-estate babbling on about a “war against inertia”.

CapitalX has received a fraud warning from Russia. This appears to have prompted scammers behind the Ponzi scheme to pull the plug.

SuperOne launched in 2018 as a simple smart-contract Ponzi scheme. Said Ponzi scheme was run through SuperOne tokens (SRX), of which 2 billion were created out of thin air. SuperOne owner Andreas Christensen owns half of the two billion SuperOne tokens created. Needless to say he has a vested financial interest in getting the tokens [Continue reading…]

Fintoch has received a securities fraud warning from Malaysia. On June 8th, the Malaysia Securities Commission added Fintoch to its Investor Alert List.