LaCore Enterprises and owner Terry LaCore have sold Pruvit to Herbalife.

As per a March 12th Herbalife press-release; [Continue reading…]

Pursuant to a granted seizure warrant on January 31st, 2025, the DOJ has moved to seize 119.65 bitcoin from Juan Carlos Reynoso.

Reynoso is a serial promoter of MLM Ponzi schemes but, as of yet, details surrounding the case tied to the seizure are unclear.

Here’s what we do know: [Continue reading…]

Texas has pulled out of the GSB settlement, citing multiple alleged violations of the reached agreement by GSB and owner Josip Heit.

I won’t absolve Mr. Heit of his latest frauds. The term sheet has been myriad violated by your clients, those that still exist.

Let’s litigate and see if you can look in a mirror.

Texas is done due your violations. Y’all violated the term sheet six ways to Sunday.

Nice job, and with all due respect,

Travis J. Iles
Securities Commissioner
Texas State Securities Board

The Texas State Securities Board (TSSB), details alleged GSB settlement violations in a filed First Amended Notice of Hearing. [Continue reading…]

Twenty-eight QNet scammers have been arrested in Nigeria.

Citing QNet as a Ponzi scheme, Nigeria’s Economic and Financial Crimes Commission (EFCC), arrested the suspects on or around March 10th.
[Continue reading…]

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

PGIM USDT’s website domain (“pgpgtrx.com”), was privately registered through a Hong Kong address on March 1st, 2025.

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…]

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

Brainstorm’s website domain (“brainstorm.market”), was privately registered on September 12th, 2024.

Further research reveals Brainstorm marketing material citing CEO Jubbaer Miah:

Miah appears to be some random crypto bro from the UK, now residing in Dubai:

On its official YouTube channel, which for some reason isn’t linked from Brainstorm’s website, the native language of marketing videos is French.

Of note is Brainstorm marketing a “trading bootcamp in Dubai” last month:

From this we can ascertain Brainstorm is likely being run by French scammers in Dubai, hiding behind Jubbaer Miah as CEO.

Further supporting this is, as of February 2025, SimilarWeb tracking 100% of Brainstorm’s website traffic from France.

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 Brainstorm, read on for a full review. [Continue reading…]

Vestas Mall fails to provide ownership or executive information on its website.

Vestas Mall’s website domain (“vestasmall.com”), was registered with bogus details on February 28th, 2025.

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…]

Sirius Energy fails to provide ownership or executive information on its website.

Unnamed individuals represented by presumable stolen and/or AI-generated photos are presented as Sirius Energy executives:

Sirius Energy’s website domain (“serius-energy.co”), was privately registered on April 3rd, 2024.

In an attempt to appear legitimate, Sirius Energy provides New York company registration documents on its website.

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.

As of February 2025, SimilarWeb tracked 100% of Sirius Energy’s website traffic from Kazakhstan.

As opposed to the US, whoever is running Sirius Energy is also likely based out of Kazakhstan.

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…]

South Africa’s courts have beaten the Hawks to the punch.

Mirror Trading International suspected owner and confirmed primary beneficiary, Clynton Marks, has been arrested for contempt of court. [Continue reading…]

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

TronSoy operates from two known website domains:

1. tronsoy.xyz – registered in October 2024, private registration last updated on February 20th, 2025
2. tronsoy.vip – privately registered on October 8th, 2024

If we look at the website source-code on TronSoy’s website, we see it is localized to Chinese:

This suggests whoever is running TronSoy has ties to China.

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…]