Quantitative Strategies, aka BNUSDT, fails to provide ownership or executive information on its website.

Quantitative Strategies’ website domain (“bnusdt.com”), was privately registered on April 5th, 2025.

Quantitative Strategies has already attracted the attention of financial regulators. The Central Bank of Russia issued a Quantitative Strategies pyramid fraud warning on May 6th, 2025.

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…]

While it does disclose it was founded in Malaysia in 2022, OlyLife fails to provide ownership or executive information on its website.

The only name publicly attached to OlyLife is Lee Chong Wei, a former Malaysian national badminton player:

Note Wei doesn’t appear to be an OlyLife executive. He’s cited only as is cited only as a “Tera-P90’s Ambassador” (brand ambassador).

Further research reveals OlyLife promoters citing Jenni Ma as CEO:

Ma (right) is represented to be a Chinese national.

Why OlyLife ownership and executive information is hidden from consumers is unclear.

In addition to Malaysia, OlyLife’s website lists offices in Indonesia, Singapore and Thailand.

Marketing on social media suggests OlyLife might have also recently spread to Canada:

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…]

Jim Aleksander Anderson has been arrested in Spain. Following his arrest, Anderson was extradited to France.

Details are vague but French police are reported to suspect Anderson “is involved in a large-scale Ponzi scheme.” [Continue reading…]

Although its website is still up, Daxio’s Arctic Coffeehouse grift may have collapsed.

Company records in Norway reveal Arctic Coffee House AG was dissolved on March 25th, 2025. [Continue reading…]

A proposed The Traders Domain victim claims process was approved on April 29th.

As per the approval order, The Traders Domain victims have until July 28, 2025 to file claims. [Continue reading…]

CAT Bot has no website, it operates through the Telegram bot “@caterpillar123bot”.

Note that as at time of publication, Telegram has already marked the “@caterpillar123bot” as a scam:

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…]

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

Defily’s website domain (“defily.ai”), was registered in January 2024. The private registration was last updated on April 2nd, 2025.

Over on Defily’s official YouTube channel we find marketing videos featuring Parwiz Daud:

Daud is a serial MLM crypto Ponzi fraudster dating back to OneCoin. Daud’s last Ponzi, prior to Defily, was Validus.

Daud launched Validus back in 2021 with fellow OneCoin scammer Mansour Tawafi.

Following regulatory fraud warnings from New Zealand, Australia and Belgium, Validus collapsed in April 2023.

Dubai eventually issued a belated Validus securities fraud warning in December 2023.

Mansour Tawafi launched Odecent, an unregistered MLM trading bot scheme,  in mid to late 2024. Daud seems to have prelaunched Defily around the same time.

Daud, who fled the UK as OneCoin took off, is still hiding out in Dubai. And it is from Dubai that Defily is run.

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.

BehindMLM’s guidelines for Dubai are:

1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
2. If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

If you want to know specifically how this applies to Defily, read on for a full review. [Continue reading…]

Pimco CCI has no website, it operates through a Telegram bot “@pimcocci_bot”:

Update 6th May 2025 – Pimco CCI also operates from the Telegram bot “@pimco666bot”.

As at the time of this update Telegram has already marked the “@pimco666bot” bot as a scam:

/end update

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…]

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

Solbox’s website domain (“solbox.ai”), was privately registered on March 21st, 2025.

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…]

Canaan Mining fails to provide ownership or executive information on its website.

Canaan Mining operates from two known website domains:

1. canmining.com – registered with bogus details on March 20th, 2025
2. canmining.cc – registered with bogus details on March 26th, 2025

Both of Canaan Mining’s domain were 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…]