OneCoin CEO Ventsislav Zlatkov bails
Back in 2022 OneCoin rolled out new CEO Ventsislav Zlatkov. Zlatkov featured in a few OneCoin marketing promo videos and then… not much else. On February 18th, OneCoin announced Zlatkov had been dumped.
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OmegaPro RICO class-action filed in Florida
Plaintiffs United Investor Community INC., Lyadunni Udugba and Olungbenga Bernard Adesuyi have filed a RICO class-action against OmegaPro and associated scammers.
EminiFX victim distribution plan approved
A proposed EminiFX victim claim distribution plan has been approved. As per an order issued on January 21st, the EminiFX Receiver is authorized distribute recovered assets to victims of the scam.
$19.5 million seized from QFX Trade scammers
Indian authorities have seized $19.5 million from QFX Trade scammers. The Times of India reports QFX Trade was a forex ruse Ponzi operating as BotBro, TLC Coin (not related to Total Life Changes) and Yorker FX.
Four Crypto 888 Club Ponzi scammers charged in Norway
Following an investigation that began in 2016, Norwegian authorities have laid charges against four Crypto 888 Club Ponzi scammers.
AI-UP Review: Stolen identity “click a button” Ponzi
AI-UP fails to provide ownership or executive information on its website. AI-UP’s website domain (“ai-up.top”), was AI-UP has already attracted the attention of financial regulators. The Central Bank of Russia issued an AI-UP pyramid fraud warning on February 10th, 2025. As always, if an MLM company is not openly upfront about who is running or [Continue reading…]
BitConnect’s Satish Kumbhani tracked to Ahmedabad, Gujarat
BitConnect founder and wanted fugitive Satish Kumbhani has been tracked to Ahmedabad, a city in the Indian state of Gujurat.
BitHarvest pyramid fraud warning from Russia
BitHarvest has received a pyramid fraud warning from the Central Bank of Russia (CBR). As per the CBR’s February 14th warning, BitHarvest exhibits “signs of a financial pyramid”.
Mining Memes Review: Crypto mining “click a button” Ponzi
Mining Memes fails to provide ownership or executive information on its website. Mining Memes’ website domain (“miningmemes.com”), was registered with bogus details on January 19th, 2025. Of note is Mining Memes’ website domain being registered through the Chinese registrar Alibaba (Singapore). As always, if an MLM company is not openly upfront about who is running [Continue reading…]
Swych Review: Mark McCool reboots LiveSmart 360
Swych launched in 2019 and operates in the nutritional supplement MLM niche. Swych operates from two website domains: swych.com – first registered in 2008, private registration last updated on April 29th, 2024 swychlife.com – privately registered on July 2nd, 2020 Heading up Swych we have co-founders Mark and Jeanine McCool (right). BehindMLM first came across [Continue reading…]
