Trading Insight Ponzi collapses
Following reports of Trading Insight not paying withdrawals a week ago, the Ponzi scheme has now officially collapsed.
Trading Insight’s collapse follows an April 26th BehindMLM review exposing the company’s Boris CEO.
At the time of publication, Trading Insight’s website has been pulled offline. The company’s social media channels have also been deleted.
It seems once a Boris CEO has been outed, eastern European scammers behind the schemes are quick to exit-scam.
Trading Insight’s Boris CEO was Evgeny Savvin.
When Savvin wasn’t pretending to run legitimate companies masquerading as Ponzi schemes, he could be found dancing to Justin Beiber on YouTube.
Unfortunately the plague of Boris CEO schemes doesn’t appear to be slowing down. I’m still averaging about one a week.
The good news is, sometimes with the assistance of readers, I’m getting better at uncovering the actors behind the fake executives.
On the regulatory front, most of these schemes are being run out of Russia and the Ukraine.
Regulators there don’t give a crap, so outing hired actors until word spreads locally is probably the best we can do.