Megalith Trade fails to provide ownership or executive information on its website.

Megalith Trade’s website domain (“m-lith.com”), was privately registered on February 2nd, 2023.

Despite only existing since 2023, on its website Megalith Trade falsely represents it has been around “since 2018”.

Megalith Trade has one marketing video on its official YouTube channel:

It’s a robodub featuring poorly photoshopped stock footage. Robodub marketing videos are typically the work of non-native English speaking admins.

In an attempt to appear legitimate, Megalith Trade provides a corporate address in Denmark on its website.

This appears to be a random residential address in Denmark that has nothing to do with Megalith Trade.

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…]

Yelb Brokers fails to provide ownership or executive information on its website.

Yelb Brokers’ website domain (“yelb.online”), was privately registered on July 30th, 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 CFTC’s initial Complaint against Fundsz has been dismissed.

In an order handed down on August 31st, Judge Berger cited the CFTC’s Complaint as an “impermissible shotgun pleading”. [Continue reading…]

Google appears to have removed ITP Corp’s Ponzi app from the Google Play Store.

Both the app and “Sergii Levchenko” dev account were removed as of September 11th, 2023.

In an attempt to cover up Google taking action, ITP Corp is claiming unscheduled maintenance. [Continue reading…]

WDC Quantify fails to provide ownership or executive information on its websites.

Known website domains WDC Quantify operates from include:

• wdcquantifyvip.com – privately registered on March 13th, 2023 (already abandoned)
• wdcquantify.com – privately registered on February 22nd, 2023
• wdcquantify.vip – privately registered on September 6th, 2023
• wdc.vip – privately registered on August 31st, 2023
• wdcvip.top – privately registered on September 21st, 2023

Despite only existing since February 2023 at the earliest, WDC Quantify falsely claims it’s a “London-based company founded in 2017”.

Over on YouTube WDC Quantify is busy uploading Boris CEO videos featuring actors:

WDC Quantify’s “Christopher Davies” is actually Edgar Castle, a fashion model from Venezuela.

When he’s not pretending to be a fictional Marketing Director, Edgar Castle can be found giving hot takes on Miss and Mister Tourism Venezuela.

WDC Quantify’s marketing videos all appear to be shot with Venezuelan actors in Venezuela.

As to who’s actually running WDC Quantify, if we click through to support on its .COM domain, we find Chinese in the source-code:

This strongly suggests someone with ties to China is behind WDC Quantify. That said, Boris CEO marketing videos are typically the work of Russian scammers.

Either Chinese scammers are working with Russian scammers, or Chinese scammers have started creating their own Boris CEO videos.

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…]

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

Galionex’s website domain (“galionex.io”), was privately registered on July 1st, 2023.

Galionex has one marketing video on its YouTube channel. It’s a robo-dub over stock footage, which is typical of non-native English speaking admins.

Further supporting this is Galionex’s official marketing material being created on a Mac set to Russian language:

This strongly suggests whoever is behind Galionex has ties to Russia. Ukraine is also a possibility.

In an attempt to appear legitimate, the Russians behind Galionex provide Australian incorporation certificates for Galionex PTY LTD.

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.

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…]

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

In fact as I write this, Aladino’s website appears disabled until September 15th:

Further research reveals Christian Steinkeller on a September 9th Aladino webinar.

On the webinar, Steinkeller introduces Michele Domizi as Aladino’s CEO.

As per Domizi’s LinkedIn profile, he’s the CEO of Making Duplication Technologies.

Making Duplication Technologies is behind Duplii, a failed MLM marketing platform.

Domizi’s LinkedIn profile places him in Dublin Ireland.

Whether that’s still accurate though is unclear.

Other than Duplii, which isn’t an MLM opportunity itself, Domizi doesn’t have a publicly verifiable MLM history. This is a red flag.

Christian Steinkeller meanwhile is a notorious Ponzi promoter and admin.

Christian, along with brothers Aron and Stefan (right), are best known in the MLM industry as a top earners in the $4 billion dollar OneCoin Ponzi scheme.

Following OneCoin’s collapse in 2017, the Steinkeller brothers fled to Dubai.

Since the Steinkeller brothers have run and/or promoted MyCoin24, Planet Impact, WinWheel and MetFi.

Both the Steinkeller brothers and Michele Domizi are originally from Italy.

Following an investigation that linked them to mafia violence, threats and murder, the Steinkeller brothers were indicted by Italian authorities in 2021.

As of October 2022 the Steinkeller’s criminal case, which pertains to OneCoin fraud charges, is ongoing.

Earlier this year we learned the Steinkeller brothers engaged PR firm Eliminalia to hide their fraudulent conduct.

While I can’t say for sure, it’s highly likely the Steinkeller brothers have a hand in the setting up and operation of Aladino.

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…]

97Metro fails to provide ownership or executive information on its website.

97Metro’s website domain (“97metro.com”), was privately registered on June 5th, 2023.

If we look at the source-code of 97Metro’s website, we see it’s running the template “Metro_HYIP”.

Metro_HYIP is a Ponzi script template sold for HYIPLab, a Ponzi backend developed by ViserLab.

ViserLab sells HYIPLab for $199. The Metro_HYIP template costs $97.

Presumably because they sell software designed to assist criminals with committing financial fraud, ViserLab don’t provide ownership or executive information on its website.

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 Likwel Ponzi scheme has collapsed.

In a post to Likwel’s official Telegram channel on September 9th, the scam announced it was “forced to freeze the activity of our company for 2 years.” [Continue reading…]

AVA (aka Audio Visual Advertising), fails to provide ownership or executive information on its website.

AVA’s website domain (“avaide.net”), was privately registered on August 2nd, 2023.

If we look at the source-code of AVA’s website, we can see the native language is set to Chinese:

This suggests whoever is running AVA 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…]