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

LumiVitae’s website domain (“lumivitae.com”), was first registered in 2015. The private registration was last updated on October 13th, 2023.

Based on snapshots from the Wayback Machine, it appears LumiVitae’s website went live on or around December 2023.

Nuno Nina is mentioned on LumiVitae’s website but there’s no mention of him being founder of the company.

To confirm that I had to head over to Nina’s personal website:

Nina is believed to be a Portuguese national. He is best-known in the MLM industry for being behind Healy World’s nonsensical “information field” devices.

Healy World is still around but its website has seen a dramatic 78% reduction in traffic over the past few months.

While Nuno Nina is LumiVitae’s founder, he himself isn’t running the company.

LumiVitae is headed up by Australian national Taryn Lee.

Perhaps not surprisingly, Lee is a former Healy World distributor:

LumiVitae doesn’t provide a corporate address on its website. LumiVitae’s website Terms of Service however does cite “LumiVitae, LDA” and states its website “is controlled and operated from within Portugal”.

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…]

Debt Box promoter Ryan Bowen has been voluntarily dismissed from the SEC’s case.

A stipulation filing also provides clarity on how the SEC intends to handle the case going forward. [Continue reading…]

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

Supposedly SmartLab is run by founder “Alex Wu”. Whether Wu actually exists is unknown.

SmartLab’s website domain (“smartlab.international”), was privately registered on August 8th, 2023.

On its website, SmartLab claims to be based out of Vietnam.

Where is Smart Lab located?

Smart Lab’s main office is located in Ho Chi Minh City, Vietnam. We were initially founded in Malta and later incorporated in Seychelles.

Notwithstanding Malta and Seychelles being tax-havens used to register shell companies, there is no way for consumers to verify this information.

It’s unlikely Alex Wu exists. It’s also unlikely SmartLab has any physical ties to Vietnam, Malta or Seychelles.

As of February 2024, SimilarWeb ranks top sources of traffic to SmartLab’s website as Australia (57%) and Norway (43%).

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…]

DexNet operates in the cryptocurrency MLM niche.

The company is headed up by founder and CEO Aleksey Kedo.

Kedo, who appears to be a Russian national, is known to BehindMLM as a top promoter of Kairos Technologies Ponzi scheme.

Following multiple regulatory fraud warnings and regulatory enforcement actions across Europe, Kairos Technologies collapsed in September 2016.

Authorities in Belarus made thirty Kairos Technologies related arrests later that same month.

Nonetheless what was left of Kairos Technologies limped along.

In January 2017 Turkish authorities concluded Kairos Technologies was an illegal pyramid scheme. Finally in January 2018, what was then left of Kairos Technologies was disposed through a failed ICO exit-scam.

DexNet’s other founder Igor Botnari, appears to be a random crypto bro with the usual failed businesses under his belt.

These include:

• FixOne – failed cryptocurrency exchange, no website traffic
• ProfixOne Capital – website disabled
• FixOne Global – failed trading scheme, website disabled
• One Token – failed crypto investment Ponzi offering 65% annually
• Teroxx – failed crypto trading scheme, no website traffic
• Abloxx – failed shit token Ponzi promising 8% a quarter for 5 years
• Toqunia – another collapsed crypto scheme of some sort, website abandoned years ago

DexNet operates from three known website domains:

• dexnet.one – privately registered on February 3rd, 2023
• dexnet.info – privately registered on June 9th, 2023
• dexfreedom.com – registered by Seychelles shell company Solutions Innovation on March 16th, 2023

As of February 2024, SimilarWeb tracked top sources of traffic to DexNet’s .ONE domain as Russia (30%), Ukraine (16%), Germany (13%), the UK (12%) and Moldova (11%).

Top sources of traffic to DexNet’s .INFO domain over the same period are Russia (39%), Malaysia (22%), Germany (22%) and the UK (17%).

Top sources of traffic to DexNet’s .COM domain over the same period are Latvia (50%), Russia (40%), Germany (6%) and Ukraine (4%).

On its .ONE domain, DexNet represents it operates as “Dexnet Information Technology CO” out of Dubai.

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

DexNet’s website specifically suggests it is under the protection of Sheikh Majid Rashid Al Mualla.

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 DexNet, read on for a full review. [Continue reading…]

The British Columbia Securities Commission has published reasoning behind its decision to extend a temporary order.

The order, issued on November 16th, 2023, prohibits promotion of GSPartners’ “MetaCertificates” unregistered securities offering.

Specific breaches of British Columbia law cited by the BCSC included:

1. illegal distribution of securities;
2. illegal trading of securities;
3. prohibited representations; and
4. fraud

In addition to GSPartners and parent company GSB Gold Standard Corporation, the order also pertains to promoters Haidy Nitsa Nakos, Tanya Sue Cloete and James Bruce Gardiner. [Continue reading…]

Google has filed a RICO lawsuit against two Chinese scammers it alleges are behind the OTCAI “click a button” app Ponzi.

Named defendants in Google’s filed April 4th Complaint are:

1. Yunfeng Sun (aka Alphonse Sun), an app developer believed to reside in Shenzhen, China
2. Hongnam Cheung (aka Zhang Hongnim, Stanford Fischer), an app developer believed to reside in Hong Kong, China

As alleged by Google, Sun and Cheung [Continue reading…]

Terrence Pounds has been sentenced to 94 months in prison for COVID-19 loan fraud.

Pounds, who orchestrated the multi-million dollar fraud scheme, will also have to pay back $4.2 million in restitution. [Continue reading…]

Brazil’s Supreme Court has approved the extradition of BitRobot admin  Laurent Myriam Claude Barthelemy.

Barthelemy was arrested in Brazil on an international arrest warrant request by Belgium in April 2023. [Continue reading…]

Andrew Eaton has claimed GSPartners is on the verge of negotiating settlements with US regulators.

Eaton, a top earner in the fraudulent investment scheme, leads a group of South African promoters under “GIHugeness” branding.
[Continue reading…]

Irina Dilkinska, OneCoin’s former Head of Legal and Compliance, has been sentenced to four years in prison. [Continue reading…]