Shining Star Earning fails to provide ownership or executive information on its website.

Shining Star Earning’s website domain (“shiningstarearning.com”), was privately registered on August 23rd, 2023.

Shining Star Earning’s use of Pakistani Rupees suggests someone with ties to Pakistan is running the company.

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…]

Following the second collapse of the CryptoFamily Ponzi scheme, Nebojsa Katic is rebooting the scam with a new NFT grift. [Continue reading…]

The collapse of the eBayShop “click a button” app Ponzi has hit Fiji hard, prompting an official government response.

eBayShop was a typical “ecommerce” ruse click a button app Ponzi. Gullible investors were led to believe “clicking a button” in an app corresponded with eBay orders. [Continue reading…]

The Washington State Department of Financial Institutions has issued a fraud warning pertaining to COS.

Describing COS as a “fraudulent cryptocurrency trading platform”, DFI took action following a consumer complaint.

COS is a simple “click a button” app Ponzi run by Chinese scammers. As part of the ruse, COS pretends to be based out of Washington. [Continue reading…]

B45 Pool fails to provide ownership or executive information on its website.

B45 Pool’s website domain (“b45pool.com”), was privately registered on August 24th, 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…]

Brazil’s Federal Police (PF) launched Operation Yang on September 13th.

The enforcement action follows a criminal investigation, which began last year in August.

Details in a a press-release issued by the Federal Police suggest they are targeting Mining Capital Coin. [Continue reading…]

Stronghold Digital fails to provide ownership or executive information on its website.

Stronghold Digital’s website domain (“strongholddigital.net”), was privately registered on June 17th, 2023.

If we look at the source-code of Stronghold Digital’s website, we find that localization is set to Chinese:

This strongly suggests whoever is running Stronghold Digital has ties to China.

Note that while it is being run by people with ties to China, Stronghold Digital is targeting Europe.

SimilarWeb currently tracks top sources of traffic to Stronghold Digital’s website as Russia (44%), Romania (31%) and Bulgaria (12%).

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…]

Ovax Global fails to provide verifiable ownership or executive information on its website.

Ovax cites “Robert Hoffman” as CEO of the company…

…however Hoffman doesn’t exist outside of Ovax Global’s marketing.

Over on YouTube we find Hoffman played by an actor with an eastern European accent.

This is classic Boris CEO and strongly suggests Russians are behind Ovax Global.

Ovax Global’s website domain (“ovaxglobal.com”), was first registered in September 2021. The private registration was last updated on September 26th, 2022.

Despite sitting on the domain since last year, Ovax Global was only launched recently. Ovax Global’s official FaceBook page was created on August 14th, 2023.

With that in mind, on its website Ovax Global falsely claims it was “created in 2020”.

In an attempt to appear legitimate, Ovax Global provides shell company certificates for New Zealand, the UK and Hong Kong.

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.

Update 23rd November 2023 – In a scam warning issued on October 31st, the FMA has confirmed Ovax Global has no actual ties to New Zealand. /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…]

The SEC has initiated administrative proceedings against Youngevity.

The federal regulator took action after noting Youngevity has “not filed any periodic reports since” September 2020. [Continue reading…]

OneCoin co-founder Sebastian Greenwood has been sentenced to 20 years in prison.

Citing the need for “general deterrence” against MLM Ponzi schemes, Judge Ramos handed down Greenwood’s sentence on September 12th. [Continue reading…]