Redwood Scientific Technologies concealer Jacques Poujade has pled guilty to “fraudulently obtaining more than $5.2 million”. [Continue reading…]

Aey-Meta fails to provide ownership or executive information on its website.

Aey-Meta’s website domain (“aey-meta.com”), was privately registered on April 20th, 2023.

If we look at Aey-Meta’s website source-code, we find a reference to HYIP Office.

HYIP Office appears to be a Russian Ponzi script factory. This suggests whoever is behind Aey-Meta is likely also Russian.

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…]

Kannaway appears to have sold its distributor and customer database to TranzactCard.

This is based on a communication sent out by Kannaway earlier this week, advising distributors and customers they’ve been “pre-enrolled into Tranzact’s system”.

As BehindMLM understands it, this was done without prior notice or consent of Kannaway’s distributors and customers. [Continue reading…]

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

In fact as I write this, Catly’s homepage is nothing more than a sign up/sign in form. An MLM company hiding everything about itself is an instant red-flag.

Catly’s website domain (“catly.io”), was privately registered on March 2nd, 2023.

With a big of rigging around I was able to access Catly’s whitepaper. While there is a “Team and Advisors” section of the whitepaper, no actual information about who’s behind Catly is provided.

In the source-code of Catly’s whitepaper we find Chinese:

While not definitive, this suggests whoever is running Catly has ties to China, Singapore and/or Malaysia.

Of note is there seems to be some manipulation going on with Catly’s recorded website traffic.

SimilarWeb tracked just 89,200 visits to Catly’s website in April 2023. This jumped to a whopping 6.8 million in May and even higher to 9.8 million in June.

This is highly unusual for a new web property and suggests artificial traffic was used.

Nonetheless, as of June 2023 SimilarWeb tracked top sources of traffic to Catly’s website as Russia (24%), Ukraine (15%0 and Indonesia (11%).

The Central Bank of Russia is pretty quick to issue securities fraud warnings for scams targeting Russia. If ~2.5 million visits to Catly’s website originated from Russia last month, it’d probably have appeared on their radar.

This reaffirms Catly is likely manipulating its website traffic data.

It also introduces the possibility of Russian scammers running Catly, having engaged Chinese developers to put together its site.

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…]

USFIA victims have been given a final August 9th deadline to sort out their claims.

Following a July 24th court order, the USFIA Receiver published the following update; [Continue reading…]

TruIQ Global launched in November 2017 and provides a UPS Store address in Utah on its website.

TruIQ Global’s original launch saw it combine a “Uniq Beauty Drink” with 1ViZN weight loss supplements, Bella Allume personal care products and essential oils.

There was also some weird “TruIQ TruLife” test;

Through TruIQ’s TruLife program, you’ll be able to test, track and improve your personal, social and environmental IQ.

Today TruIQ Global’s product line up is similar but they’ve also jumped on the hemp oil bandwagon. Oh and about a year ago, TruIQ also introduced a cryptocurrency investment scheme through TruQoin.

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

Further research reveals two founding executives in TruIQ Global’s marketing material; CEO Preston Stewart and President Jason Erik Golly.

Preston Stewart’s MLM history has seen him provide communication and software solutions to MLM companies since 1989.

As per Stewart’s LinkedIn profile, he launched Xennsoft in August 2005.

Xennsoft develops software for and supports the Direct Sales, Network Marketing and Party Plan industries.

Xennsoft’s website is still up but things seem pretty quiet.  seems pretty dead. Xennsoft’s FaceBook page was abandoned in November 2019.

Its Twitter profile was abandoned in June 2018. In December 2021 it was resurrected as part of TruIQ’s transition into cryptocurrency.

BehindMLM featured Jason Golly as co-founder and CEO of Engage Global in November 2017.

Engage Global’s website is still up but, like TruIQ Global, no executive information is provided. Golly co-founding TruIQ Global suggests he might have left the company sometime in 2018.

When exactly Dan Lutz joined TruIQ Global corporate isn’t clear but in March 2021, Lutz put together the TruQoin whitepaper:

Dan Lutz is one of the ringleaders behind The Billion Coin Ponzi scheme.

The Billion Coin launched in 2016. It was a pretty simple non-MLM crypto Ponzi that primarily targeted third-world countries.

Investors invested in TBC, which went up in value the more money was invested. The problem was TBC was locked up by The Billion Coin and TBC couldn’t be cashed out.

In September 2016, Lutz appealed to The Billion Coin investors to elect him “TBC Leader for America”.

My name is Dan Lutz and I’m running for the Leader of The Billion Coin community for America.

I’ve been part of The Billion Coin Community since the prelaunch. And since the very beginning I recognized the genius of a coin whose price only goes up.

Lutz spends the rest of the video trotting out whacky conspiracy theories in an attempt to justify stealing money through Ponzi schemes.

In April 2020 the Philippine SEC issued a The Billion Coin fraud warning.

The public must be wary that any promise of ridiculous rates of return with little or no risks is an indication of a Ponzi Scheme where monies from new investors are used in paying fake “profits” to earlier investors.

Also, any promise that defies the normal financial logic is surely unreliable and sketchy.

Although he’s believed to be a US national, Lutz’s TruQoin whitepaper places him in Quezon City, Philippines.

Preston Stewart and Jason Golly are believed to be US nationals residing in Utah.

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…]

Eric Worre has been in the spotlight of late for recruiting people into Traders Domain, a half billion dollar Ponzi scheme.

This followed Worre signing on with OmegaPro corporate and publicly endorsing the Ponzi scheme, which was tied to Traders Domain.

Both OmegaPro and The Traders Domain collapsed in late 2022.

Earlier today, Worre uploaded a YouTube video titled “Eric Worre Responds to Critics“.

I was expecting Worre to address his stealing of millions of dollars through The Traders Domain and receipt of stolen investor funds through OmegaPro.

Instead I got nine minutes of excuses, lies and misdirection. [Continue reading…]

GSPartners and Swiss Valorem Bank have received a securities fraud warning from Ontario, Canada.

As per the Ontario Securities Commission’s July 25th, warning; [Continue reading…]

LaShonda and Marlon Moore have settled fraud charges brought against them for $9.7 million dollars.

The Moores are also permanently prohibited running, participating in or having anything to do with MLM. [Continue reading…]

WETER has received a pyramid fraud warning from the Central Bank of Russia (CBR).

As per the CBR’s July 24th warning, WETER exhibits “signs of a financial pyramid” scheme. [Continue reading…]