companies @ BehindMLM

Trust Your Universe has rebooted as Universe Academy. The move follows multiple securities fraud warnings from financial regulators.

Joshua David Nicholas has copped a $300,026 judgment in the SEC’s EmpiresX civil fraud case. As per an April 19th order approving Nicholas’ Consent Judgment;

VidiLook’s collapse has gone from bad to worse, following news over 10,000 investor accounts have been disabled. KYC has also been implemented to keep disabled accounts inactive.

We Are All Satoshi operates in the MLM cryptocurrency niche. The company’s website domain (“wearesatoshi.org”), was privately registered on April 5th, 2023. Front and center on We Are All Satoshi’s website is notorious Ponzi scammer Sam Lee: With partner in crime Ryan Xu, Lee launched HyperCash, HyperCapital, HyperFund and Hyperverse – all Ponzi schemes in which the majority of investors [Continue reading…]

Validus co-founder Mansour Tawafi has issued a statement begging investors to keep recruiting despite withdrawals being disabled.

Maxpread Technologies and suspected co-owner Jan Gregory Cerato have received a securities fraud warning from California’s DFPI. As per an April 19th order, Maxpread Technologies and Cerato have been accused of securities fraud. Effective immediately, Maxpread Technologies and Cerato have been ordered to cease doing business in California.

Sam Lee’s VidiLook Ponzi scheme has collapsed. Withdrawals have been disabled pending a baloney exit-scam, which sees Sam Lee sell Vidilook to… himself.

Youngevity has advised distributors that it will be abandoning its acquired Jamberry Nails, Beneyou and Mialisia nail care and jewelry product lines.

The Validus Ponzi scheme has collapsed. In an April 20th Telegram group post, Validus informed investors that withdrawals have been disabled.

Payment processor CoinPayments is still providing financial services to the $4 billion OneCoin Ponzi scheme. This follows a categorical denial from CoinPayments in June 2022.