TrageTech has received a securities fraud warning from the Texas State Securities Board (TSSB).

TSSB’s October 10th enforcement order also cites promoter Eric Ture Muhammad, cited as a GSPartners and Billionico promoter. [Continue reading…]

Allianz Life Insurance has entered into a settlement with the Profit Connect Receiver.

As per the terms of the settlement, Allianz will pay $125,250 to the Receivership, from which $2500 to four Profit Connect investors. [Continue reading…]

SDT Quant fails to provide ownership or executive information on its website.

SDT Quant’s website domain (“sdtquantusdt.vip”), was registered with bogus details on September 19th, 2024.

Of note is SDT Quant’s logo being an Adobe stock image:

SDT Quant has already attracted the attention of financial regulators. The Central Bank of Russia issued a SDT Quant pyramid fraud warning on October 3rd, 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…]

As part of what appears to be ongoing efforts to defraud consumers through securities fraud, Dan Putnam has launched Avasar.

Through Avasar, Putnam is pitching consumers on passive monthly returns – purportedly paid from the profits of Amazon storefronts. [Continue reading…]

Robin Enos has settled Krstic Ponzi empire fraud charges with the SEC.

Enos’ SEC settlement was filed as a pending consent judgment on September 30th. The court approved the consent judgment later the same day. [Continue reading…]

Federation Network has collapsed for a third time.

On October 9th the Ponzi scheme advised investors it was disabling withdrawals. [Continue reading…]

A8 Quantization (aka A8 QuantSystem) fails to provide ownership or executive information on its website.

A8 Quantization’s website domain (“a8quantsystem.vip”), was registered with bogus details on September 23rd, 2024.

A8 Quantization has already attracted the attention of financial regulators. The Central Bank of Russia issued a A8 Quantization pyramid fraud warning on October 2nd, 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…]

Digital Holdings Group fails to provide verifiable ownership or executive information on its website.

While Digital Holdings Group does provide a list of executives, none of them actually exist.

None of the presented individuals appear in Digital Holdings Group’s recorded marketing material. This is typical of scammers using stolen profile photos and/or AI generated images.

On its website, Digital Holdings Group also lies about when the company was created;

Established in 2017, Digital Holdings Group rapidly rose to prominence …

Digital Holdings Group’s website domain, “digitalholdingsgroup.io”, was privately registered on May 5th, 2024. Digital Holdings’ official FaceBook page wasn’t created until May 30th, 2024.

In other words, Digital Holding Group didn’t exist prior to May 2024.

One name we can attach to Digital Holdings Group is Kav Singh, author of the company’s official marketing presentation.

This suggests whoever is actually running Digital Holdings Group has ties to India and/or neighbouring countries (based on a name search).

For September 2024, SimilarWeb tracked 100% of Digital Holdings Group’s website traffic as originating from India.

In its marketing, Digital Holdings Group also suggests ties to Dubai:

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.

BehindMLM’s guidelines for Dubai are:

1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
2. If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

If you want to know specifically how this applies to Digital Holdings Group, read on for a full review. [Continue reading…]

Eternal Horizon fails to provide ownership or executive information on its website.

Eternal Horizon’s website domain (“eternaliot.com”), was privately registered on July 22nd, 2024.

If we check the source-code of Eternal Horizon’s website support page, we learn it runs on the Meiqia platform:

Meiqia is a Chinese software company based out of Beijing. This suggests whoever is running Eternal Horizon has ties to China.

Update 17th October 2024 – The Central Bank of Russia issued an Eternal Horizon pyramid fraud warning on October 16th, 2024. /end update

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…]

BioLimitless has announced an up to 250,000 tether (USDT) investment acess fee.

The fee disclosure was made on a September 25th marketing webinar hosted by BioLimitless co-founder Jeremy Roma. [Continue reading…]