Passivo has received a securities fraud warning from Austria.

The FMA warns investors against concluding transactions with Passivo Ltd.

As per the FMA’s October 18th warning, Passivo “is not authorised to carry out banking transactions in Austria that require a licence”. [Continue reading…]

The DOJ has seized millions of dollars worth of crypto from wanted fugitive Kristijan Krstic. [Continue reading…]

Safir has received a pyramid fraud warning from Russia.

As per the Central Bank of Russia’s October 18th warning, Safir exhibits “signs of a financial pyramid” scheme. [Continue reading…]

Fawsa Tron fails to provide ownership or executive information on its website.

In fact as I write this, Fawsa Tron’s website is nothing more than an affiliate registration/login form.

Fawsa Tron’s website domain (“fawsatron.com”), was privately registered on September 27th, 2023.

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. [Continue reading…]

JBL Mall fails to provide ownership or executive information on its website.

JBL Mall’s website domain (“jblmall.vip”), was privately registered on September 30th, 2023.

Of note is JBL Mall’s website being registered through the Chinese registrar Alibaba (Singapore).

We also find reference to the Chinese yuan on JBL Mall’s website:

This strongly suggests whoever is behind JBL Mall has ties to China.

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. [Continue reading…]

Kannaway and parent company Medical Marijuana appear to be in crisis.

Following the acquisition of Mfinity Global a year ago, Bill Andreoli signed on as Kannaway’s new President.

In an communication sent out last Friday, Kannaway has advised Andreoli “and his executive team … are moving to an opportunity with a new company”.

That takes effect at the end of November 2023. [Continue reading…]

Deanna Lozano’s lawsuit against Pruvit has survived a messy motion to dismiss.

Of the eight claims in Lozano’s lawsuit, Pruvit’s motion to dismiss claims 2 to 8 were denied. Pruvit’s motion to dismiss Lozano’s claim for injunctive relief was also denied. [Continue reading…]

RunnaRiz fails to provide ownership or executive information on its website.

RunnaRiz’s website domain (“runnariz.com”), was privately registered on October 14th, 2023.

The use of South African rand suggests RunnaRiz is primarily being marketed to South Africans.

Whether South Africans are running RunnaRiz is unclear.

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. [Continue reading…]

FlexiTrade AI fails to provide verifiable ownership or executive information on its website.

While FlexiTrade AI does provide a list of executives, none of them exist outside of FlexiTrade AI’s website:

Presumably these are hired actors or, more likely, stolen profile photos.

FlexiTrade AI’s website domain (“flexitradeai.com”), was privately registered on September 16th, 2023.

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. [Continue reading…]

Godzilla Money fails to provide ownership or executive information on its website.

In fact as I write this, Godzilla Money’s website is nothing more than an affiliate log in form.

Visitors are also directed to download Godzilla Money’s mobile app.

Godzilla Money’s website domain (“godzillamoney.com”), was privately registered on July 26th, 2023.

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. [Continue reading…]