Following a motion from the SEC, its $49 million securities fraud case against iX Global and Debt Box has been voluntarily dismissed.

The court ordered the dismissal on May 28th, also ordering the SEC to pay costs. [Continue reading…]

C12V2 has collapsed. And as the Ponzi scheme was collapsing, the scammers behind it launched C12V3. [Continue reading…]

A former employee has sued Family First Life and parent company Integrity Marketing Group for sexual harassment, fostering a hostile work environment and unlawful retaliation. [Continue reading…]

The number of filed civil robocall fraud lawsuits against Family First Life’s parent company has climbed to seven.

BehindMLM documented the fifth Family First Life robocall fraud lawsuit last August. Since then; [Continue reading…]

Arkbit Capital, Arkbit Capital Holdings, ABC Holdings and ABC Mining have been issued an emergency securities fraud cease and desist from Texas. [Continue reading…]

David Lee Kagel has pled guilty to Mind Capital criminal charges.

Kagel was originally scheduled to plead guilty on May 13th but fainted on the way to his hearing. The court rescheduled for May 28th, on which Kagel’s plea agreement was file. [Continue reading…]

Watts USDT fails to provide ownership or executive information on its website.

Watts USDT’s website domain (“watts-usdt.com”), was privately registered on April 28th, 2024.

Of note is Watts USDT’s website domain being registered through the Chinese registrar Alibaba (Singapore).

On the regulatory front, the Central Bank of Russia issued a Watts USDT pyramid fraud warning on May 17th, 2024.

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…]

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

MetaMax operates from two known website domains:

1. metamax.vip – privately registered on July 3rd, 2023
2. metamax.top (used for support email) – privately registered on May 11th, 2023

MetaMax cites “Olivia Jenkins” as its founder and CEO:

Jenkins is represented by an AI generated avatar:

In other words, MetaMax’s Olivia Jenkins doesn’t exist.

Most if not all of the information on MetaMax’s website appears to be bogus:

MetaMax provides a corporate address in Canada on its website. The address belongs to Davinci Virtual Office.

MetaMax’s official FaceBook page is managed from Brazil:

This strongly suggests, as opposed to Canada, that MetaMax is being run out of Brazil.

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…]

Modere has failed to secure an injunction over allegations of raiding by former promoters. [Continue reading…]

Top GPT fails to provide ownership or executive information on its website.

Top GPT operates from two known website domains:

1. top-gpt.vip – privately registered on April 7th, 2024
2. top-gpt5.vip – privately registered on April 10th, 2024

In an attempt to appear legitimate, Top GPT provides an unrelated Florida company certificate for “Quantimental Investments LLC”.

The certificate is dated February 2021 and, assuming it’s not a forgery, obviously has nothing to do with Top GPT. Top GPT is barely a month old.

On the regulatory front, the Central Bank of Russia issued a Top GPT pyramid fraud warning on May 17th, 2024.

Of final note is Top GPT’s website “terms of use” being copied from Binance, localized in Chinese:

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…]