OneCoin co-founder Sebastian Greenwood is scheduled to be sentenced on September 12th.

In the lead up to his sentencing, Greenwood’s lawyer filed a Sentencing Memorandum on August 29th.

In the memorandum, Greenwood’s lawyers request Greenwood be sentenced to time served and deported. [Continue reading…]

WeWorkTrading fails to provide verfiable ownership or executive information on its website.

WeWorkTrading claims to be headed up by CEO and founder “Jackson Rathbone”. Rathbone however doesn’t exist. It’s a fictional name represented by a stolen photo.

WeWorkTrading’s website domain (“weworktrading.com”), was privately registered on July 16th, 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…]

My Traffic Powerline operates in the advertising MLM niche.

Heading up the company is Jeremy Duncan, who cites himself as My Traffic Powerline’s owner.

Duncan’s FaceBook profile locates him in the US state of Indiana.

Prior to My Traffic Powerline, Duncan (right) was promoting Got Backup? and Against All Odds.

As far as his own launches go, we have M80 Advertising in early 2023 and The Rocket Recruiter circa April/May 2023.

Both M80 Advertising and The Rocket Recruiter are MLM pyramid schemes bundled with advertising and digital products.

As tracked by SimilarWeb, website traffic to both M80 Advertising and The Rocket Recruiter is negligible.

With both schemes having collapsed, My Traffic Powerline appears to be a third reboot of the same pyramid scheme.

M80 Advertising, The Rocket Recruiter and My Traffic Powerline are all a recycled script purchased from Automatic Web Software (dba Direct Sales MLM Software).

My name is Jim Symonds, creator of Automatic Web Software, which has powered some of the who’s who of the big MLM programs of the last few decades. We’re best known for reverse 1-ups, 2-ups, and 3-ups.

We can also support configurations for 1 tier, 2 tier, 1×2 matrix, 1×3 matrix, 2×2 matrix, 2×3, 2×10 matrix systems and more.

Read on for a full review of the My Traffic Powerline MLM opportunity. [Continue reading…]

The Ontario Securities Commission has filed a Statement of Allegations with Canada’s Capital Markets Tribunal.

As per the August 25th filed statement, OSC has requested the CMT

• certify that NovaTech FX and owner CEO Cynthia Petion committed securities fraud in Ontario;
• issue a permanent injunction against NovaTech FX prohibiting further acts of securities fraud;
• reprimand NovaTech FX publicly;
• order NovaTech FX pay an “administrative penalty of not more than $1 million for each failure to comply with Ontario securities law”;
• order NovaTech FX to disgorge ill-gotten funds “obtained as a result of non-compliance with Ontario securities law”;
• order Cynthia Petion to step down as an officer or director of any company offering securities in Ontario, including NovaTech FX; and
• issue an injunction permanently prohibiting Cynthia Petion from “acting as a director or officer” of any company offering securities in Ontario.

[Continue reading…]

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

Cryptech’s website domain (“cryptech.top”), was privately registered on August 4th, 2023.

If we look at the source-code of Cryptech’s website, we find a reference to Script Wizard:

Script Wizard is run by Russians and sell Ponzi scripts and website templates.

Although not definitive, this suggests Russians are behind Cryptech.

Further supporting this is the Bank of Russia issuing a Cryptech “financial pyramid” fraud warning on August 23rd, 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…]

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

Glean Mining Pro’s website domain (‘gleantrading.com”), was first registered in September 2019. The private registration was last updated on September 14th, 2022.

In an attempt to appear legitimate, Glean Mining Pro provides “certificate of incorporation” and “business license” links in its website FAQ.

At time of publication both links are broken.

Of additional note is Glean Mining Pro’s website YouTube link pointing to MineXone:

MineXone is a collapsed crypto mining ruse Ponzi that launched in 2019. It appears the same scammers are behind Glean Mining Pro.

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…]

Instead of just doing a runner then and there, Keep It 100’s original collapse and exit-scam was short-lived.

On or around July 29th, Keep It 100’s website went down for unscheduled “upgrades and maintenance”.

The website returned a few days later, touting a new 25% a month model.

I opined Keep It 100 would exit-scam again within 120 days (25% * 4) and, well sure enough here we are. [Continue reading…]

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

MEC’s website domain (“mecbm.com”), was privately registered on June 14th, 2023.

If we look at MEC’s website source-code, we find Chinese:

This suggests whoever is running MEC 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…]

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

UltimateLine Global’s website domain (“ultimatelineglobal.com”), was first registered in January 2023. The private registration was last updated on March 17th.

The one UltimateLine Global marketing video featured on its website is an AI avatar robodub effort:

This is typical of non-native English speaking admins.

Although it claims to be a “UK-based, professional forex and cryptocurrency trading firm”, UltimateLine Global provides a corporate address in Switzerland on its website.

It’s presumed UltimateLine Global has nothing to do with either the UK or Switzerland.

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…]

Otter Spot fails to provide ownership or executive information on its website.

Otter Spot’s website domain (“otterspot.io”), was privately registered on May 18th, 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…]