companies @ BehindMLM

Avon Products, a holding company through which Avon’s non-US business operations are run, has filed for Chapter 11 bankruptcy in the US. In an August 12th press-release, Avon framed its bankruptcy as “taking steps to address debt and legacy liabilities”. Avon’s non-legal debts sit at around $1.29 billion. Avon’s “legacy liabilities” pertain to multiple lawsuits [Continue reading…]

WheatLand AI fails to provide ownership or executive information on its website. WheatLand AI’s website domain (“wheatlandai.com”), was registered with bogus details on August 4th, 2024. Of note is WheatLand AI’s website domain being registered through the Chinese registrar Alibaba (Singapore). Despite only existing for a few weeks, on its website WheatLand AI falsely claims [Continue reading…]

Details of how the SEC intends to handle victim restitution have been revealed in Jean Martin Zizi’s NovaTech FX settlement.

AKK USDT fails to provide ownership or executive information on its website. AKK USDT’s website domain (“akkyusdtmall.vip”), was registered with bogus details on August 8th, 2024. 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.

DOI EU fails to provide ownership or executive information on its website. DOI EU’s website domain (“doieu.com”), was first registered in 2020. The domain is currently registered with bogus details as of December 1st, 2023. Despite only being eight or so months old at best, on its website DOI EU falsely claims to have been [Continue reading…]

The SEC has filed suit against NovaTech FX’s founders and several top promoters. As per the federal regulator’s August 12th filed lawsuit, Cynthia and Eddie Petion ran a $650 million plus Ponzi scheme. In addition to NovaTech FX’s Petion co-founders, the SEC has also sued promoters Martin Zizi, Dapilini Dunbar, James Corbett, Corrie Sampson, John [Continue reading…]

Seven years after she disappeared, Bulgarian authorities have indicted OneCoin founder Ruja Ignatova.

Nadec VIP fails to provide ownership or executive information on its website. Nadec VIP’s website domain (“nadecvip.top”), was registered with bogus details on August 5th, 2024. Of note is Nadec VIP’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…]

The Banker Quotes Ponzi scheme has collapsed. Withdrawals are disabled and the company has trotted out a “software glitch” exit-scam.

UIOT VIP fails to provide ownership or executive information on its website. UIOT VIP’s website domain (“vipuiot.top”), was registered with bogus details on August 5th, 2024. Of note is UIOT VIP’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…]