companies @ BehindMLM

US sanctions Cambodian politician over Chinese scam factories

The US Treasury Department’s Office of Foreign Assets Control has sanctioned a Cambodian politician in relation to Chinese scam factories. Ly Yong Phat, a Cambodian senator and personal advisor to Cambodia’s President of the Senate, was sanctioned by OFAC on September 12th. Phat’s companies, L.Y.P Group Co. LTD, O-Smach Resort, Garden City Hotel, Koh Kong [Continue reading…]


“Digital gold vaults” investment fraud warning from ASIC

The Australian Securities and Investments Commission has issued an investment fraud warning, pertaining to “digital gold vaults”.


BitConnect’s Glenn Arcaro wants to change his name

Convicted BitConnect Ponzi scammer Glenn Arcaro wants to change his name. The request was noted in a petition to modify Arcaro’s release conditions.


Lime Mall Review: Stolen identity “click a button” Ponzi

Lime Mall fails to provide ownership or executive information on its website. Lime Mall’s website domain (“usdtlime.vip”), was registered with bogus details on September 2nd, 2024. Of note is Lime Mall’s 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…]


NT USDT Review: Stolen identity “click a button” Ponzi

NT USDT fails to provide ownership or executive information on its website. NT USDT’s website domain (“m.ntusdt.com”), was registered with bogus details on September 5th, 2024. Of note is NT USDT’s 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…]


IGN MV Review: Stolen identity “click a button” Ponzi

IGN MV fails to provide ownership or executive information on its website. IGN MV’s website domain (“ign-mv.com”), was registered with bogus details on September 7th, 2024. Of note is IGN MV’s 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…]


SEC sues James Ward over Apex Financial fraud

James O. Ward Jr., an Alabama resident, has been sued by the SEC over fraud allegations relating to his Apex Financial investment scheme. As per the SEC’s September 10th, 2024 filed Complaint, Ward, through Apex Financial, defrauded “at least 70 investors” out of “at least $852,000”.


Be Club Review: Islam bros’ SageMaster securities fraud

A reader recently wrote in asking about Be’s new SageMaster auto trading offering. In taking a look I noted Be had also spun up a new domain, marking the fifth domain Be has migrated to. They’re also now going by Be Club. Seeing as BehindMLM reviewed Be back in 2020, today we’re revisiting Be as [Continue reading…]


GSPartners settles securities fraud, US investor refunds

GSB Group and owner Josip Heit have settled allegations pertaining to their fraudulent GSPartners investment scheme. As part of the settlement, reached with state securities regulators in Texas, Alabama, Arizona, Arkansas and Georgia, US investors in those states will receive refunds.


World Quant AI Review: Quantitative trading “click a button” Ponzi

World Quant AI fails to provide ownership or executive information on its website. World Quant AI’s website domain (“wq-ai.vip”), was registered with bogus details on August 23rd, 2024. Of note is World Quant AI’s website domain being registered through the Chinese registrar Alibaba (Singapore). World Quant AI has already attracted the attention of financial regulators. [Continue reading…]