companies @ BehindMLM

Pablo Renato Rodriguez has pled guilty to an AirBit Club criminal charge. Rodriguez and partner in crime Gutemberg Dos Santos, were indicted in 2020 on criminal charges relating to AirBit Club.

AutoTrade Golder founder and CEO Dinar Wahyu Saptian Dyfrig, better known as Wahyu Kenzo, has been arrested in Indonesia. Indonesian authorities allege AutoTrade Gold was a 9 trillion INR Ponzi scheme (~$582 million USD).

Joshua David Nicholas has been ordered to pay $3.3 million in restitution. The order follows Nicholas pleading guilty to one count of conspiracy to commit wire fraud last September. That plea led to a 51 month prison sentence, handed down a few months later in November.

NewULife has filed an anti-SLAPP response to Awakend’s defamation lawsuit against them.

The Mirror Trading International tax issue in South Africa is expected to drag into 2024.

Following dozens of complaints from consumers, the Norwegian Gambling Authority sent Be a warning letter last October. The letter advised that the Gambling Authority suspected Be was an illegal pyramid scheme.

VidiLook fails to provide ownership and executive information on its website. VidiLook’s website domain (“vidilook.io”), was privately registered on October 4th, 2022. In an attempt to appear legitimate, VidiLook claims it’s a blockchain media company strategically invested by Sequoia Capital and KC Company. Founded in Silicon Valley, USA, the company is a technology-based company focusing [Continue reading…]

Last year StableDAO emerged as a continuation of Ponzi scamming from Sam Lee. Lee, who also goes by Xue Lee and Samuel Lee, was co-founder of the notorious HyperTech Ponzi schemes. These include HyperCash, HyperCapital, HyperFund and Hyperverse. Lee, believed to be an Australian national, fled to Dubai in 2021. HyperFund collapsing in late 2021 [Continue reading…]

NewAge has come out of bankruptcy with new ownership and a new company name; PartnerCo. PartnerCo’s new “identity” announcement was made on February 13th… …although plans for the rebranding appear to date back to January:

Driven Trading appeared on BehindMLM’s radar in October 2021, as the securities fraud component of Jimmy Ezzell’s Young Entrepreneur Project. That partnership broke down in April 2022, with YEP and Driven Trading going their separate ways. YEP went on to collapse shortly after. Owner and CEO Cory Kromray spun Driven Trading off as a non-MLM [Continue reading…]