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

GluTech’s official website domain (“glutech.io”), was privately registered on May 29th, 2023.

Over on GluTech’s official YouTube channel, we find marketing presentations hosted by “Grant … from our marketing department at GluTech.”

Grant Holmes is an American actor and voice over artist.

Online Grant markets himself as “The Webinar Guy”:

As a full-time voice over actor, I use over 25 years of experience in marketing, sales, and advancing profitability to make your work stellar.

I have significant career experience in marketing, fundraising, strategic planning, team building, business analysis, and finding appropriate solutions for my clients.

My superpower is making you and your business look and sound good.

At time of publication Holmes has hosted two GluTech marketing presentations; one on July 27th and one on July 29th.

On August 2nd, GluTech uploaded a new “business presentation” featuring a different host:

I don’t have a name but, based on what I was able to find, I believe this person works as a virtual assistance from the Philippines.

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 CFTC has secured an Entry of Default against four iComTech Ponzi scammers.

Following their failure to respond to the CFTC’s lawsuit, Entry of Default was entered against David Brend, Moses Valdez, Marco Ruiz Ochoa and Juan Arellano Parra on July 20th. [Continue reading…]

ETFore operates in the cryptocurrency MLM niche.

On its website, ETFore claims “Christopher Valentini is the founder of ETFore Limited”.

As far as I can tell, ETFore’s Valentini doesn’t exist.

ETFore launched in early May and operates from two known website domains:

• growetfore.company – privately registered on April 21st, 2023
• etfore.com –  privately registered on March 31st, 2023

Despite existing for only a few months, on its .COM website ETFore falsely claims it “operates business from 2016”.

Further research reveals ETFore’s official marketing presentation was created by Kenneth Lacey.

On social media, Lacey pitches himself as a “socialist influencer” from Poland.

Lacey was also a “leader” in the Model Farming Ponzi scheme.

Launched in 2021, Model Farming collapsed in mid 2022.

On August 13th 2022, Lacey pitched a reboot going by MFL Mart.

Whatever MFL Mart was, it’s long gone too.

While Lacey appears to have just been a promotional leader in Model Farming, him putting together Etfore’s marketing material suggests deeper involvement.

In an attempt to appear legitimate, ETFore provides a bogus address in New York on its website (the postcode is Canadian).

ETFore also provides shell company incorporation certificates for Hong Kong and New York:

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

One last thing to note is ETFore might also have links to My BTC Mining:

My BTC Mining was a short-lived “staking” crypto Ponzi that collapsed in late 2022.

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…]

WishM, or Wish Mall, fails to provide ownership or executive information on its website.

WishM operates from at least four known website domains:

• wishm.pro – privately registered on June 2nd, 2023
• wishm.cloud – privately registered on June 4th, 2023
• wishm.shop (already abandoned) – privately registered on June 2nd, 2023
• wishm.tv – privately registered on July 19th, 2023

Note this list is likely incomplete and subject to change.

If we look at the source-code for the “wishm.pro” domain, we find Chinese:

All three of WishM’s website domains were also registered through Alibaba’s Singapore division.

This strongly suggests whoever is running WishM has ties to China, and is possibly based out of Singapore.

Despite only existing for a few months, on its website and in its app WishM falsely claims it was “founded in Colorado in 2014”.

WishM is a data communications company founded in Colorado in 2014 and is the largest data promotion company in the United States.

WishM isn’t old enough to have generated any definitive website tracking data yet. Nearly all of the marketing I saw for it though was from people with African accents.

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…]

Michael Rutherford’s “Brian Underwood is a bully trying to steal my money!” lawsuit, has come to an unceremonious end.

On July 19th Rutherford, Underwood and Pruvit informed the court; [Continue reading…]

Restitution against Ponzi scammer Ryan Ginster has been dropped because none of his victims came forward. [Continue reading…]

iX Global, its CEO and several promoters have been sued for securities fraud by the SEC.

Between iX Global and its Debt Box ruse, the SEC’s July 26th filed Complaint names eighteen defendants. [Continue reading…]

Verse Network has received a securities fraud warning from Russia.

As per the Central Bank of Russia’s August 2nd warning, Verse Network exhibits [Continue reading…]

Quintessential Business Network (QBN), fails to provide ownership or executive information on their website.

Further research reveals QBN marketing citing three “global presences”:

• Dubai is a red flag because it’s the MLM crime capital of the world
• the British Virgin Islands is a red flag because it’s a tax haven with no active MLM securities fraud regulation
• the UK is a red flag because registering shell companies there is trivial

The same marketing cites four QBN founders; Anwaar Qureshi (CEO), Farid Ladhani (MD), Maher Awad (CFO) and Tariq Ausaf (COO).

Each of QBN’s co-founders are former top earners in the collapsed BizzTrade Ponzi scheme.

BizzTrade began as BizzTrek, an Amazon knock-off pyramid scheme run by Rehan Gohar, Rizwan Gohar (brothers) and Gurpreet Dhaliwal.

Note that Dhaliwal is cited as QBN’s Chief Advisory Officer.

BizzTrek collapsed by the end of 2019, prompting the Gohar brothers to reboot as BizzTrade.

BizzTrade was initially a forex Ponzi scheme. By mid 2020 forex had been swapped out for crypto.

The “BizzCoin” iteration of BizzTrade collapsed in late 2021. This prompted a third reboot as BizzTrade Pro in early 2022.

BizzTrade Pro collapsed after a few months. A fourth NextGen Academy reboot was launched on or around April 2022.

NextGen Academy lasted about a year. In early 2023 a My Car Club spinoff was launched but that appears to have already collapsed.

QBN’s website domain (“myqbn.com”), was privately registered on July 4th, 2022. It appears QBN’s co-founders bailed shortly after the BizzTrade Pro reboot.

One country you won’t find openly associated with QBN is the US. This is strange, seeing as each of QBN’s co-founders appear to have ties to Texas.

That said, whether QBN’s co-founders are still in the US or whether they’ve fled to Dubai full-time is unclear.

At time of publication SimilarWeb tracks top sources of traffic to QBN’s website as the Netherlands (71%), the US (20%) and India (6%).

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…]

E-Creator was a typical “click a button” Ponzi targeting Zimbabwe.

Run through a mobile app, E-Creator’s ruse was “clicking a button” to create fake product orders.

Remarkably, after E-Creator collapsed Zimbabwean authorities were able to make an arrest.

A Chinese national and two local accomplices were caught at the airport trying to flee the country. [Continue reading…]