companies @ BehindMLM

The Sybbex Ponzi scheme has collapsed. Sometime in the last 24 hours Sybbex’s website has been disabled. Most of Sybbex’s social media accounts have also been deleted. Sybbex’s official FaceBook page hasn’t been deleted yet but was abandoned on April 4th.

iN8’s origins are in the fraudulent investment scheme run by iX Global and Debt Box. Amid a then ongoing SEC fraud case, iX Global founder and CEO Joe Martinez launched iN8 as an NFT Ponzi grift. That lasted roughly two months, with iN8’s first iteration collapsing in March 2024. Martinez (right) launched iX Global back [Continue reading…]

The Johnson class-action case against Paparazzi has been dismissed. The Utah case, originally filed in North Carolina in 2022, stems from findings of toxic metal contamination in Paparazzi’s jewelry that same year. As of March 2025 there are twenty-two Plaintiffs in the Johnson case;

Robot Quantization fails to provide ownership or executive information on its website. Robot Quantization’s website domain (“usdttron.com”), was first registered in 2019. The private registration was last updated on March 19th, 2025. Robot Quantization has already attracted the attention of financial regulators. The Central Bank of Russia issued a Robot Quantization pyramid fraud warning on [Continue reading…]

Apertum and owner Josip Heit are set to square off against the Texas State Securities Board on April 8th. The scheduled hearing follows a TSSB securities fraud enforcement order issued last month, and subsequent request from Apertum and Heit for a hearing.

AGI AI fails to provide ownership or executive information on its website. AGI AI’s website domain (“agi-ai.net”), was privately registered on February 24th, 2025. 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.

Serial fraudster Ciprian Ciceu has rebooted his collapsed Mainet Ponzi scheme as Mainet Funded. Mainet Funded, based out of Dubai, pitches investors on “funded” trading accounts of up to $1 million. Attached to this is a single-level affiliate compensation plan, paying out up to 20% on recruitment: Seeing as Mainet Funded isn’t an MLM scam [Continue reading…]

Enel Green Power Bot has no website, it operates through a Telegram bot “@EnelGreenPowerbot” 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.

Grenada’s National Cyber Security Incident Response Team (CSIRT), has issued a “list of verified scams” warning. The warning, published back on January 16th, names several MLM companies being promoted locally.

Blackrock 988 has no website, it operates through a Telegram bot “@BlackRock988bot” 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.