OnPassive has disabled access to its “ecosystem” services.

A new notice on OnPassive’s website reads; [Continue reading…]

Ahold Delhaize Shop fails to provide ownership or executive information on its website.

Ahold Delhaize Shop’s website domain (“ahold-shop.com”), was registered with bogus details on July 6th, 2024.

Of note is Ahold Delhaize Shop’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 or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

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

In fact as I write this, Gladverse’s website is nothing more than an affiliate log in/sign up form:

Gladiaverse hiding basic information about the company is a red flag.

Gladiaverse’s website domain (“gladiaverse.io”), was privately registered on June 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. [Continue reading…]

AI-Oppo fails to provide ownership or executive information on its website.

AI-Oppo’s website domain (“ai-oppo.shop”), was registered on June 25th, 2024.

Of note is AI-Oppo’s website domain being registered through the Chinese registrar Alibaba (Singapore).

AI-Oppo has already attracted the attention of financial regulators. The Central Bank of Russia issued an AI-Oppo pyramid fraud warning on July 5th, 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. [Continue reading…]

7Eleven-INS fails to provide ownership or executive information on its website.

7Eleven-INS’ website domain (“7eleven-ins.com”), was privately registered on May 30th, 2024.

On its website 7Eleven-INS claims to have “more than 45 thousand investors”. The company also claims to have won several awards dating back to 2017.

Based on 7Eleven-INS only existing for about a month and a half, the marketing claims on its website are obviously false.

The Chicago address 7Eleven-INS provides on its website appears to be a random office building that has nothing to do with the company.

Of note though is the UK’s FCA citing a firm for securities fraud in 2022, purportedly claiming to operate from the same address.

Whether the same scammers behind Horizon Crypto are also also behind 7Eleven-INS is unclear. What we can confirm though is at least one group of scammers have used the seemingly random Chicago address 7Eleven-INS pretends to operate from.

In an attempt to appear legitimate, 7Eleven-INS provides a BVI Investment Business License on its website:

Given the certificate is dated October 2018, it’s either doctored or has nothing to with 7Eleven-INS.

Notwithstanding BVI being a scam-friendly jurisdiction with little to no regulation of MLM related fraud. 7Eleven-INS representing any ties to BVI is an immediate red flag.

With respect to actual regulation, the Central Bank of Russia issued a 7Eleven-INS pyramid fraud warning on June 25th, 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. [Continue reading…]

Verdicts against EXW Wallet defendants, including co-founder Ben Herzog, were expected to be handed down this month.

Austrian authorities have now made new filings in the criminal case, delaying verdicts to at least September. [Continue reading…]

Forever USDT fails to provide ownership or executive information on its website.

Forever USDT’s website domain (“foreverusdt.com”), was registered with bogus details on June 16th, 2024.

Of note is Forever 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 or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

Ranieri Assets fails to provide ownership or executive information on its website.

Ranieri Assets’ website domain (“ranieriasset.com”), was first registered in 2015. The private domain registration was last updated on June 22nd, 2024.

Through the Wayback Machine we can see Ranieri Assets’ domain was for sale as of March 2022.

Ranieri Assets’ website as it appears today appears to have been uploaded in late 2023.

Despite existing for less than a year, on its website Ranieri Assets pretends it has been around since 2015.

Ranieri Assets provides two corporate addresses on its website, neither of which has anything to do with the company.

Ranieri’s provided Toronto, Canada address is owned by Davinci Virtual Office. Ranieri Assets’ Delaware address is random office space.

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…]

BFO Exchange fails to provide ownership or executive information on its website.

BFO Exchange’s website domain (“bfo188.com”), was registered with bogus details on December 24th, 2023.

In an attempt to appear legitimate, BFO Exchange provides a Colorado shell company certificate for BFO Exchange LLC:

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

BFO Exchange has already attracted the attention of financial regulators. The Philippine SEC issued a BFO Exchange securities fraud warning on June 13th, 2024.

If we look at the source-code of BFO Exchange’s website we can see localization is set to Chinese:

This suggests whoever is running BFO Exchange 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…]

Truly Essential is part of Simple Distributing LLC and operates in the nutritional supplements MLM niche.

Truly Essential doesn’t provide a corporate address on its website. The company’s “Terms and Conditions of Use” however states,

This Agreement is governed by and shall be construed in accordance with the laws of the State of Michigan.

You agree the exclusive venue for any dispute between SD and You arising out of this Agreement or Your use of this Site will be in the state and federal courts in Oakland County, Michigan or the United States District Court for the Eastern District of Michigan, as appropriate.

Heading up Truly Essential is founder Manoj Bhargava (right).

Bhargava is well-known enough to have his own Wikipedia page, on which a relatively detailed history of his past is presented.

Notably Bhargava doesn’t have an MLM history but he does have extensive ownership and corporate experience.

Truly Essential, launched a few months ago, appears to be a continuation of hydration business interests Bhargava launched last year.

 In 2023, Bhargava launched several hydration drink brands – True Hydration, Cellular Hydration, and Natural Glow Hydration.

The intracellular hydration drinks boast a sugar- and sodium-free formula, and are made using the reverse-osmosis technology Bhargava developed for HANS Premium Water.

Read on for a full review of Truly Essential’s MLM opportunity. [Continue reading…]