COS (aka Cosetek and CosCoin), fails to provide ownership or executive information on its website.

COS’ website domain (“cosetek.com”), was first registered in 2017. The private registration was last updated on July 22nd, 2023.

This appears to be around the time the current owner(s) took possession of the domain.

If we look at COS’ website support portal, we can see the source-code pulling Meiqia software from Baidu.

Meiqia is a Chinese software company based out of Beijing. This suggests whoever is running COS 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…]

Ed Zimbardi’s Amsys Ponzi scheme has collapsed.

In a communication sent out yesterday, Zimbardi Amsys announced withdrawals have been “paused”. [Continue reading…]

A fifth robocall fraud lawsuit has been filed against Family First Life.

Plaintiff Robert Salomon filed suit against FFL in Connecticut on March 20th. [Continue reading…]

Nixinfinity operates in the cryptocurrency MLM niche.

The company presents a cast of executives on its website:

None of Nixinfinity’s executives exist outside of its own marketing material. That’s because they’re played by actors.

Nixinfinity CEO “Matt David” is played by Moscow-based actor Vladislav Igorevich Rylev.

Rylev’s actor portrait leaves room for doubt, so here’s a bio featuring a photo with more similar facial hair:

Rylev posing as Nixinfinity’s Boris CEO confirms Russians are behind the scheme.

Nixinfinity’s website domain (“nixinfinity.com”), was privately registered on August 2nd, 2023.

In an attempt to appear legitimate, Nixinfinity provides an incorporation certificate for Nixinfinity – AI LTD on its website.

Nixinfinity – AI LTD was registered in the UK in May 2017. Given Nixinfinity is only a few weeks old, this appears to be misappropriation of an unrelated existing shell 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…]

Atomixa fails to provide credible ownership or executive information on its website.

Atomixa does provide executive information for a “core team”, but these are fictional identities represented by stock photos:

Atomixa’s website domain (“atomixa.cc”), was registered with bogus details on July 28th, 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 Catly Ponzi scheme has collapsed.

In an announcement made a few hours ago, Catly informed investors it had disabled withdrawals. [Continue reading…]

Arbitrage Traded Funds fails to provide ownership or executive information on its website.

Arbitrage Traded Funds’ website domain (“arbitragetradedfunds.com”), was privately registered on June 23rd, 2023.

Of note is Arbitrage Traded Funds’ marketing videos being robo-dubbed. This is typical of non-native English speaking admins.

One name we can attach to Arbitrage Traded Funds is “Umer Zeb”.

Zeb put together Arbitrage Traded Funds’ official marketing documentation:

I don’t have anything much beyond that, apart from noting “Umer” is an Arabic name. While by no means definitive, a general search on the name returned a lot of results from Pakistan.

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…]

Liquidity Farm fails to provide ownership or executive information on its website.

Liquidity Farm’s website domain (“liquidityfarm.io”), was registered with bogus details on May 26th, 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…]

Exer Global has threatened investors who don’t reinvest or recruit with termination.

In an email sent out to investors earlier this week, Exer Global stated: [Continue reading…]

The collapsed Fintoch Ponzi scheme is looking to reboot as Standard Cross Finance.

[Continue reading…]