Two AirBit Club promoters and a lawyer have been sentenced to between one and five years in prison.

Following a twelve year sentence handed down to co-founder Renato Rodriguez last week, a sentencing hearing for Cecilia Millan, Karina Chairez and Scott Hughes was held on October 3rd. [Continue reading…]

Following news of EXW Wallet indictments and arrests in Austria, we learned that one scammer had been arrested in Brazil.

Due to local laws however, unfortunately we didn’t know who it was.

A BehindMLM reader who speaks Portuguese has now tracked down the relevant Brazilian court filing. We can now confirm the arrested EXW Wallet suspect in Brazil is Pirmin Troger. [Continue reading…]

NV Processor fails to provide ownership or executive information on its website.

NV Processor’s website domain (“nv-processors.com”) was privately registered on September 19th, 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…]

GSPartners’ campaign to punish investors who withdraw continues.

Less than 24 hours after disabling weekly ROIs, GSPartners has implemented a 50% withholding fee on all withdrawals. [Continue reading…]

NovaTech FX and Cynthia Petion have failed to put in an appearance at a recent regulatory hearing in Canada. [Continue reading…]

YunikonFX has received several securities fraud warnings from Malaysia.

On 14th September, the Bank of Malaysia added YunikonFX and two related entities to its Financial Consumer Alert List.

These include; [Continue reading…]

The BigWhale Ponzi scheme has collapsed.

After BigWhale’s admins drained invested funds earlier today, a “we got hacked!” exit-scam ruse was sent out to investors. [Continue reading…]

5G Web fails to provide ownership or executive information on its website.

5G Web’s website domain (“5gwebpkrearn.online”), was privately registered on September 21st, 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…]

The SCF Ponzi scheme has collapsed.

Withdrawals have been disabled and the scam has trotted out a baloney “Chinese regulations!” exit-scam.

In disabling withdrawals on October 2nd, SCF (aka Standard Cross Finance), sent out the following notice to investors; [Continue reading…]

The Verse Network Ponzi scheme has collapsed.

Verse Network disabled withdrawals on September 28th. [Continue reading…]