BigWhale has acknowledged an emergency cease and desist issued against it yesterday.

And in doing so, has also confirmed the end of their “we got hacked!” exit-scam. [Continue reading…]

Mavie Global appears to be harboring wanted fugitive John Barksdale. [Continue reading…]

There have been no updates on FutureNet co-founder Roman Ziemian since his arrest in Italy.

We’ve now learned that because, after arresting him, Italian authorities released Ziemian pending extradition.

Moments after Italian authorities unlocked Ziemian’s cuffs, he of course promptly fled the country. [Continue reading…]

Capitalvest Pro fails to provide ownership or executive information on its website.

Capitalvest Pro’s website domain (“capitalvestpro.com”), was privately registered on June 11th, 2023.

In an attempt to appear legitimate, Capitalvest Pro represents it is registered in New Zealand as “ProFx & Crypto Trading Company PLC”.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, shell company registration in any jurisdiction is meaningless.

Beyond paying a small fee to register a shell company there, it is unlikely Capitalvest Pro has any actual ties to New Zealand.

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…]

Earlier this week it became apparent that GSPartners is on the road to collapse.

This started with the disabling of weekly returns on Monday, swiftly followed up by a 50% withdrawal fee on Tuesday.

Officially, GSPartners has fed investors baloney about a “downturn in the markets”. The actual reason for the collapse is far simpler. [Continue reading…]

BFF Crowdfunding, aka BFF Global Network, fails to provide ownership or executive information on its website.

In fact as I write this, BFF Crowdfunding’s homepage is nothing more than an affiliate login form:

BFF Crowdfunding operates from the domain “bffcrowdfunding.com”, privately registered on June 11th, 2023.

Further research reveals BFF Crowdfunding’s “BFF Global Network” FaceBook group. The group has one admin, Mike Taylor.

On his own FaceBook page Taylor, a resident of Texas, cites himself as owner and CEO of BFF Global Network.

On YouTube Taylor pitches himself as a “forex trader, online marketer, coach (and) mentor”.

Prior to launching BFF Crowdfunding around three months ago, Taylor was promoting something called “Gobe Tradehouse” and GOBE Copycat”.

As you can see from Taylor’s YouTube marketing videos above, the pitch was turn $100 into $9500.

SimilarWeb tracked just ~3500 visits to Gobe Tradehouse’s website over August 2023. Whatever the scheme was it’s pretty much dead.

Going back even further, Taylor was a promoter of Tradera (collapsed) and Forsage (cash gifting Ponzi whose owners have been indicted).

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

A few days ago the BigWhale Ponzi scheme collapsed.

BigWhale’s admins drained what was left in its smart-contract and, in an effort to cover up their exit-scam, concocted a “we got hacked!” ruse.

Now it has been revealed that regulators were onto the multi-million dollar Ponzi scheme.

On October 4th the Texas State Securities Board issued an emergency cease and desist against BigWhale. [Continue reading…]

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

SMD’s website domain (“smd-vip.com”), was privately registered on September 23rd, 2023.

If we look at SMD’s website source-code we find Chinese:

This strongly suggests whoever is running SMD 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…]

Infinity Pi fails to provide ownership or executive information on its website.

Infinity Pi’s website domain (“infinitypi.io”), was privately registered on August 11th, 2023.

Of note is Infinity Pi’s use of Chinese in its logo and marketing materials:

This strongly suggests whoever is running Infinity Pi 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…]

AirBit Club co-founder Gutemberg dos Santos has been sentenced to 40 months in prison (3.3 years).

Dos Santos’ sentence was handed down on October 4th, following sentencing hearings for co-conspirators Renato Rodriguez, Cecilia Millan, Karina Chairez and Scott Hughes. [Continue reading…]