MetaTrade Review: Mainet scammers launch Dubai Ponzi

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

In fact, as I write this, MetaTrade’s website is nothing more than an affiliate sign up or sign in portal:

MetaTrade’s marketing materials, which aren’t provided to the public, cite Jean-Marc Loger as CEO of the company.

Robert Mendolia and Giuseppe Peci are cited as MetaTrade’s President and an “entrepreneur” respectively.

On LinkedIn, Peci cites himself as one of MetaTrade’s co-founders:

Jean-Marc Loger has been scamming people through MLM schemes for over a decade.

In May 2021 BehindMLM readers tied Loger to the My Travel Cash and TVI Express pyramid schemes.

More recently, Loger was a “top leader” in the Mainet Ponzi scheme.

Robert Mendolia and Giuseppe Peci are also former Mainet promoters.

Mainet collapsed in May 2023, following a fraud warning from France’s AMF in April.

On social media Mendolia represents he is based out of Cannes, France. Peci and Loger represent they are based out of Dubai.

MetaTrade’s website domain (“metatrade.group”), was privately registered on June 3rd – a few weeks after Mainet collapsed.

Putting all of this together, we have three Mainet Ponzi scammers now running their own Dubai reboot.

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


BlixTrade Review: 3.5% a day MLM crypto Ponzi

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

BlixTrade’s website domain (“blixtrade.com”), was privately registered on June 15th, 2023.

In an attempt to appear legitimate, BlixTrade provides incorporation details for Blixt Group Limited.

Blixt Group Limited was incorporated in the UK in March 2020. Given BlixTrade’s website domain was registered less than a month ago, Blixt Group Limited is unlikely to have anything to do with BlixTrade.

In BlixTrade’s website source-code we find a reference to Yandex:

Although not definitive, this suggests BlixTrade is being run by eastern Europeans. Typically this means Russia and/or Ukraine.

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…]


Turbo securities fraud warning from France

Turbo has received a securities fraud warning from France.

As per the Autorite des Marches Financiers’ July 7th warning, Turbo is [Continue reading…]


Bity.Pro Review: 2% an hour MLM crypto Ponzi

Bity.Pro fails to provide ownership or executive information on its website.

Bity.Pro’s website domain (“bity.pro”), was registered in May 2022. The private registration was last updated on June 19th, 2023.

In an attempt to appear legitimate, Bity.Pro provides incorporation details for “Buty Limited”.

Bity Limited was incorporated in the UK on March 14th, 2023.

An MLM company operating or claiming to operate out of the UK is a red flag.

UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.

As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.

For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.

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…]



Expedite Capital Review: Husty Designs Ponzi scheme

Expedite Capital fails to provide verifiable ownership or executive information on its website.

A list of Expedite Capital executives is provided, however these are fictional identities combined with stolen photos:

Expedite Capital’s website domain (“expedite-capital.co”), was privately registered on July 26th, 2022.

In an attempt to appear legitimate, Expedite Capital provides incorporation details for a dissolved UK company.

Putting aside UK shell company registration is meaningless, its unlikely this shell company has anything to do with Expedite Capital. It was dissolved in October 2021, eight months before Expedite Capital’s website domain was registered.

In the source-code of the website we find a reference to Husty Designs.

Husty Designs is an MLM crypto scam factory believed to be operated from Chennai, India.

BehindMLM has previously reviewed three Husty Designs scams; LXPLife, iLearning Crypto and Twin TurboTRX.

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…]


Fintoch & FTC Chain securities fraud warning from AB, CA

Fintoch has received a securities fraud warning from Alberta, Canada.

The Alberta Securities Commission added CryptoProgram to its Investment Caution List on July 10th. [Continue reading…]


CryptoProgram securities fraud warning from AB, CA

CryptoProgram has received a securities fraud warning from Alberta, Canada.

The Alberta Securities Commission added CryptoProgram to its Investment Caution List on July 10th. [Continue reading…]



Lovvare Review: Deceptive BlackOxygen Organics reboot

Lovvare operates in the nutritional supplement MLM niche. The company provides an Delaware corporate address on its website.

Lovvare’s Delaware address is used by multiple businesses, suggesting it belongs to a shell company agent.

This ties into Lovvare Inc., a Delaware shell company incorporated through United Corporate Services, Inc. in August 2022.

A Utah “warehouse address” also provided Lovvare’s website belongs to ShipCentral, a fulfillment services company.

Heading up Lovvare, at least officially, is CEO John Altshuler (right).

Prior to Lovvare, which appears to have been set up in or around July 2022, Altshuler was BlackOxygen Organics’ Master Distributor:

In September 2020, Altshuler along with partner Brian Smith qualified at CEO.

CEO was the fifth-highest rank in BlackOxygen Organics’ compensation plan.

Altshuler was fairly active in BlackOxygen Organics. After it was shut down in November 2021 however, Altshuler seems to have gone to some effort to delete any public association.

Altshuler’s Lovvare corporate bio credits him as a “Master Distributor taking a company from $0 to 4 million a month in 2+ years”, but BlackOxygen Organics isn’t mentioned.

All videos from Altshuler’s BlackOxygen Organics Master Distributor YouTube channel have also been deleted.

Outside of BlackOxygen Organics, Altshuler made a name for himself in Excel Communications and Amega Global.

Excel Communications was a wireless MLM company that went bankrupt in 2004

Amega Global marketed $298 magic crystal wands and collapsed in August 2011.

Although he’s not credited as an executive, BlackOxygen owner and CEO Marc Saint-Onge does make an appearance as formulator of Lovvare’s fulvic acid supplements.

I’ve done a bit more research into this and am confident that Saint-Onge actually owns and operates Lovvare.

This is immensely problematic for several reasons, which we’ll get into in the conclusion of this review.

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


Blessings in No Time scammers settle with FTC

Blessings In No Time owners LaShonda Moore and Marlon Moore have settled with the FTC. [Continue reading…]


Mega Capital Review: Unique HYIP Designs script Ponzi

Mega Capital fails to provide ownership or executive information on its website.

Mega Capital’s website domain  (“megacapitals.ltd”), was privately registered on June 12th, 2023.

In the source-code of Mega Capital we find a reference to Unique HYIP Designs;

Unique HYIP Designs sells Ponzi scripts and “HYIP Packages”.

“HYIP” stands for “high yield investment program”. This is code for “Ponzi scheme”.

Unique HYIP Designs sells a “HYIP Manager” Ponzi script for $166. Cheaper website templates and “exclusive themes” are also available.

Based on its website domain registration, Unique HYIP Design has been flogging scam scripts since late 2018.

Unique HYIP Designs’ Facebook page itself is owned by “Mijanur Rahman”.

On its Facebook page Unique HYIP Designs represents it is based out of Dubai. The WhatsApp support number provided on Unique HYIP Design’s website however is a number from Bangladesh.

Once purchased, Unique HYIP Designs’ scripts are run on a standalone server:

What do you get? Theme content (.zip file).

How to install? Download the template .zip file; Upload it to your hosting/server; Then extract it.

This appears to be how Mega Capital has been set up.

Mega Capital also has a “Megacapital Ltd” Australian shell company. Whether this was purchased through Unique HYIP Designs or separately though is unclear.

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…]