The ITP Corp “click a button” app Ponzi has received a securities fraud warning from Washington.

In their December 15th warning, the Department of Financial Institutions (DFI) warns ITP Corp “appear(s) to be engaged in fraud”. [Continue reading…]

Maine headquartered Bangor Bank has denied having a partnership with TranzactCard.

The denial comes just days after TranzactCard corporate revealed Bangor Bank as their new US partner bank. [Continue reading…]

Finalmente Global liquidators have warned victims they have until December 30th to verify their personal details.

The looming deadline for Finalmente Global victims comes as liquidators claim their “legal representatives” [Continue reading…]

Infinity Pi initially launched on or around August 2023.

The original Ponzi scheme was built around Pi token and collapsed in October.

Shortly thereafter a reboot was announced, this time built around infinity token. [Continue reading…]

EXW Wallet co-founder Benjamin Herzog has pled guilty.

Herzog’s guilty plea was entered mid-trial, following damning testimony from his ex-girlfriend, [Continue reading…]

OnPassive has received a Ponzi fraud warning from Bangladesh.

As per the Bangladesh Bank’s December 12th warning, OnPassive is a “fraudulent Ponzi scheme” engaged in “embezzlement of large amounts of money”. [Continue reading…]

CoopInc, aka Cooperative Income or CoopIncome, fails to provide ownership or executive information on its website.

In one marketing video embedded onto CoopIncome’s website however, we see David T. Rosen presenting.

Rosen, a Canadian resident, first popped up on BehindMLM’s radar in 2015, as founder of the PIE 24/7 pyramid scheme.

In early 2018 Rosen launched Cooperative Crowdfunding, a matrix-based gifting scheme. This was followed by 50/50 Crowdfunding in late 2018.

In late 2019 Rosen rebooted 50/50 Crowdfunding as CoopCrowd.

After the first iteration of CoopCrowd collapsed, Rosen launched Coop5050 in late 2020.

Coop5050 began to collapse in late 2021, prompting Rosen to announce a CoopCrowd reboot.

CoopCrowd 2022 launched in early 2022 and collapsed mid-year.

In early 2023, Rosen launched CoopBusiness, a 3×10 matrix based pyramid scheme.

CoopBusiness lasted a few months, prompting Rosen to launch Coop20 in August.

Coop20 was expanded in October 2023, and it’s this iteration we’re reviewing today.

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

Cloud Computing VIP fails to provide ownership or executive information on its website.

Cloud Computing VIP’s website domain (“cloudcomputing.vip”), was privately registered on October 17th, 2023.

As of November 2023, SimilarWeb tracked ~437,000 monthly visits to Cloud Computing VIP’s website.

30% of Cloud Computing VIP’s website traffic originated from France, 29% was from Germany, 14% from Belarus and 8% from Russia.

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…]

David Gilbert Saffron was initially indicted back in June 2022. He was charged with wire fraud, related to operation of the Circle Society Ponzi scheme.

Saffron’s arrest did pop up on my radar but, as far as I could tell, Circle Society wasn’t MLM so BehindMLM didn’t cover it.

A new sealed superseding indictment, filed on December 7th, ties Saffron, Vincent Mazzotta and David Kagel to a broader Ponzi scheme.

This wider scam, pegged at over $25 million in consumer losses, encompasses Circle Society, BitCoin Wealth Management, Omicron Trust, Cloud9Capital and Mind Capital.

I’m not familiar with any of those except Mind Capital, an MLM Ponzi scheme that collapsed in August 2021. [Continue reading…]

Jeremy Roma’s Daisy Ponzi scheme has collapsed again.

In a December 11th marketing video, owner Jeremy Roma revealed Daisy was ditching EndoTech. A February 2024 reboot was also announced. [Continue reading…]