A promoter has claimed GSPartners has “abandoned any hope of operating in the US”.

The update was presented as a highlight of a GSPartners corporate call, held on Thursday April 4th. [Continue reading…]

What’s left of the Richard Smith’s Tranzact Card to FinMore grift has collapsed.

In an email sent out a few hours ago, frontman Peter Rancie “announc[ed] the complete and immediate shutdown of TranzactCard and FinMore”. [Continue reading…]

QM Corporation, aka “Quaestum Association”, operates in the “benefits forever” MLM niche.

QM Corporation’s website domain “qmcorporation.net”, was privately registered on August 21st, 2019.

The domain is registered to “Club Brizzi”, through an incomplete address in Reggio Calabria, Italy.

Two creators are cited on QM Corporation’s website; Marco and Alessandro:

Marco corresponds with Marco Brizzi, Alessandro with Alessandro Brizzi.

Marco Brizzi appears to be your typical crypto bro cringelord:

Alessandro Brizzi runs the website Cognito Matrix. “Popular topics” Brizzi writes about include “aliens & UFOs”, “ancient aliens” and “strange space”.

Neither Marco or Brizzi appear to have MLM executive experience.

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

Vilocity Global represents it operates in the travel, AI and crypto MLM niches.

The company operates from the domain “vilocityglobal.com”, privately registered on November 10th, 2023.

Heading up Vilocity Global we have founder and CEO Jimmy Ezzell.

Ezzell is joined by Global Master Trainer Ali Mehdaoui, who is also prominent in Vilocity Global marketing material.

Jimmy Ezzell is known to BehindMLM as founder and CEO of the Young Entrepreneurs Project (marketed as YEP Tribe).

When BehindMLM reviewed YEP Tribe in 2021 the company was selling $89 water bottles and pay to play subscriptions.

After losing over $4 million in 2020, YEP Tribe was begging the public for $1 million in investment. These losses also coincided with YEP Tribe partnering up with Cory Kromray’s Driven Trading.

BehindMLM believes YEP Tribe committed securities and commodities fraud through Driven Trading’s “AI automated” offering.

In a February 2022 SEC filing YEP Tribe disclosed its partnership with Driven Trading was “a significant source of revenue for the company”.

In that same filing YEP Tribe disclosed to the SEC it had also “separated” from Driven Trading. No reason was provided.

YEP Tribe has since collapsed. The company’s website is no longer accessible and YEP Inc. hasn’t made any SEC filings since May 2022.

Not surprisingly, Vilocity Global Master Trainer Ali Mehdaoui was also Global Master Trainer for YEP Tribe.

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

ProCap International has received a securities fraud warning from Hong Kong.

As per the Securities and Future Commission’s April 8th warning, ProCap [Continue reading…]

Appointment of a Qyral Receiver has been requested as part of ongoing proceedings between Hanieh Sigari and Darius Banasik. [Continue reading…]

Following the arrest of twenty ProCap Insurance scammers last October, the Philippine SEC noted the Ponzi scheme was still being promoted in the Philippines.

Apparently the foregoing [arrests] did not deter ProCap from carrying out its unauthorized investment-taking activities as the EIPD showed another evidence that ProCap is continuously offering/selling its unregistered securities.

ProCap had in fact invited the public to join its business presentations via Zoom platform on 23 January 2024 for this purpose.

This promoted the Enforcement and Investors Protection Department (EIPD) to file an instant motion requesting a cease and desist order. [Continue reading…]

Today on April 10th, 2024, BehindMLM turns fourteen.

This is a look back on the past twelve months, published as our annual “State of the Scam” report. [Continue reading…]

Following a petition filed by a Pretrial Services Officer, a court has altered Joby Weeks’ release conditions to be “more restrictive”. [Continue reading…]

When a BehindMLM reader reached out requesting a “Sun Money” update to our 2016 Sun Money Network review, I initially thought the company were unrelated.

Sun Money Network was a Ponzi scheme pitching investors on monthly returns, purportedly generated via solar electricity generation.

Sometime between our 2016 review and Sun Money launching, Sun Money Network collapsed.

Tóth Levente was cited as Sun Money Network’s General Manager and only named executive.

Today Sun Money’s website only cites Gabor Eisenbart as owner and founder of the company.

With a bit of additional digging on our reader’s part though, they were able to establish Tóth Levente was tied to Sun Money as a co-founder.

Ergo Sun Money is a continuation of the collapsed Sun Money Network Ponzi scheme. Gabor Eisenbart now fronts the scheme, with Levente evidently hiding in the shadows.

Sun Money operates from the domain (“sunmoney.com”), first registered in 2002. Through the Wayback Machine we can see the domain was for sale up until at least late 2016.

Sun Money’s current website went live on or around May 2017, marking purchase of the domain the transition away from Sun Money Network.

Of note is Sun Money citing three corporate locations on its website;

1. Dubai, attached to the shell company SunMoney Solar FZ LLE
2. Germany, attached to the shell company SunMoney Solar GmbH
3. Singapore, attached to the shell company SunMoney Solar Pte. Ltd.

Of the three locations, Dubai appears to be Sun Money’s primary base of operations.

SUNMONEY Solar FZ LLE is the financial center of SUNMONEY Solar Group. All of the contracts and payments are issued from here.

Interestingly enough Sun Money’s official FaceBook page is managed from Hungary.

This suggests Sun Money might not have any actual physical ties to Dubai.

Nonetheless 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 Sun Money, read on for a full review. [Continue reading…]