Three of Jan Gregory’s MLM crypto Ponzi schemes have received fraud warnings from California’s Department of Financial Protection and Innovation.

As per an August 9th press-release, the DFPI has cited CloudFi, CoinMarketBull and Vortic United for “violations of California securities laws”. [Continue reading…]

Eddie Alexandre will pay $213,639,133 in restitution to EminiFX victims.

The CFTC’s civil EminiFX case has also been reopened. [Continue reading…]

A fourth robocall fraud lawsuit has been filed against Family First Life’s parent company, Integrity Marketing Group.

Plaintiff Aaron Rapp filed suit in Indiana back in June. [Continue reading…]

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

Zolttan’s website domain (“zolttan.com”), was privately registered on June 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…]

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

Gigamax’s current website domain (“ggmx.ai”), was privately registered on August 1st, 2023.

Previous defunct Gigamax website domains include “giga-max.online” and “gigamax.ai”.

There is a third website set up at “gigamax-ai.com” but I believe this is owned by recovery scammers (the website is basically a funnel to a dodgy Telegram channel).

SimilarWeb tracked ~1.1 million visits to Gigamax’s now defunct second .AI website domain in July 2023.

The majority of that traffic originate from Malaysia (76%), followed by Indonesia (10%) and Bangladesh (8%).

Names we can attach to Gigamax include:

• Dato Abak
• D’Ben Al Shariff
• Doz Khadri
• Hafiz Ali
• Capt. Adnan
• Tn. Shah
• Xifu Tharma
• Tycoon Syazwan

Gabema Academy is a Malaysian crypto education platform that seems to have gotten into bed with Gigamax.

It’s highly likely that Gigamax is being run out of Malaysia itself.

Local authorities are already aware of Gigamax. The Malaysian Securities Commission issued a Gigamax fraud warning on February 14th.

Of note is Gigamax’s marketing materials being created through “WPP 演示”, which appears to be a Chinese app.

This suggests Gigamax has ties to Chinese speakers (in Malaysia or elsewhere).

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…]

Newwalden Capital fails to provide ownership or executive information on its website.

Newwalden Capital’s website domain (“newwaldencapital.com”), was privately registered on March 11th, 2023.

Despite existing for only a few months, Newwalden Capital falsely represents it has been around since 2000.

Since 2000, we’ve earned the trust of 50,000 investors with straightforward products.

In an attempt to appear legitimate, Newwalden Capital provides a corporate address in California on its website.

A search of the address returns multiple businesses using the same address. This suggests the address is virtual in nature.

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…]

Intelligent Technology Pioneer Corporation, or ITP Corp, fails to provide ownership or executive information on their website.

ITP Corp’s website domain (“itpro.top”), was first registered in 2018. The private registration was last updated on May 26th, 2023.

Pinning down when ITP Corp launched is difficult.

ITP Corp’s YouTube account was created in 2018. Videos on the channel however are only backdated to November 2022.

This matches ITP Corp’s Telegram channel. The channel was created in 2018 but has been wiped dating back to November 2022.

From this was can surmise the current iteration of ITP Pro launched in November 2022.

On its website ITP Corp claims it “was established in Seattle, USA in 2013”.

In an attempt to support that claim, ITP Corp provides a shell company certificate for ITP Corporation.

ITP Corp was purportedly incorporated in Washington on November 18th, 2022.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence shell incorporation in any jurisdiction is meaningless.

As to who’s running ITP Corp, if we look at ITP Pro’s website source-code we find Chinese:

This strongly suggests whoever is running ITP Corp has ties to China. Typically this means they are operating out of Asia (mainland China, Hong Kong or Singapore).

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…]

Flex operates in the AI spam MLM niche.

The company’s website names Robert Sacco and Dan Putnam as Flex’s co-founders.

In its compensation documentation, Flex identifies itself as “a B-Epic company”.

Putnam (right) owns B-Epic and attached MLM companies B-Eco and Govvi (suspected owner based on exclusivity representation).

Other MLM companies Putnam owns/owned include O2 Worldwide, LurraLife and Against All Odds.

Putnam is also a serial Ponzi scammer.

The SEC sued Putnam and Angel Rodriguez, his partner in crime, for securities fraud in 2020.

Through various scams, the SEC alleges Putnam and Rodriguez defrauded consumers out of at least $12 million.

Putnam settled the SEC’s Ponzi fraud charges back in January. Monetary penalties and ordered restitution remain pending.

Robert Sacco’s FaceBook profile cites him as a Pruvit distributor.

In 2021, Sacco fell down the crypto bro rabbithole:

CluCoin was a typical short-lived pump and dump shitcoin scam:

Sacco (right) also owns BitJar Labs, which claims it

fill(s) the voids and solve the pressing issues faced by ALL DIRECT SELLING companies.

As per Sacco’s BitJar Labs’ corporate bio;

For the past 20 years President and Founder, Robert Sacco, has seen back office development in the network marketing industry fail to answer the most pressing issues.

Robert has built large organizations in the industry and has been a Master Distributor 5 times.

He has led in corporate roles as VP of Marketing, VP of Business Development, VP of international Expansion and President of multiple International Direct Selling companies.

He has consulted numerous companies in back office development, international expansion, and IT throughout the industry and has written and collaborated on many compensation plans that are live in the industry today.

One of BitJar Labs’ projects is Selfles, launched last year.

Selfles combined a humanitarian frontend, silicone bands and an NFT grift backend.

As of August 2023, Selfles appears to have flopped.

Read on for a full review of Flex’s MLM opportunity. [Continue reading…]

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

EmpowerLife’s website domain (“empowerlife.club”), was privately registered on July 5th, 2023.

Further research reveals Empower Life’s marketing videos are hosted by a CEO going by Alex Thomas.

Alex Thomas is actually Alexis Thomas, believed to be from Cyprus.

BehindMLM came across Thomas in 2020 as CEO of TwentyXPro.

TwentyXPro was a simple MLM matrix-based Ponzi cycler.

TwentyXPro’s website is still up today. SimilarWeb tracks negligible traffic to its website however, confirming TwentyXPro has collapsed.

In addition to TwentyXPro, Thomas also runs Digital Club United.

On its website, Digital Club United pitches “passive income with crypto”.

As tracked by SimilarWeb, Digital Club United saw an uptick in website traffic for May 2023. In June 2023 however traffic collapsed again, dropping 71% month on month.

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…]

Almost two years after CashFX Group collapsed, whoever is left running the Ponzi scheme is still stringing investors along.

The latest ploy is CFX Legacy, a new website set up for CashFX Group investors to log in to.

CFX Legacy has been set up by Ron Pope and his company The Conversion Pros, suggesting Pope might be running the show. [Continue reading…]