A local leader of the GIG-OS Ponzi scheme has been arrested in Argentina.

Only identified as “FMV”, the scammer was arrested during a series of raids last Thursday. [Continue reading…]

Arrested MTI CEO Johannes Steynberg has been enjoying internet access from a Brazilian prison. [Continue reading…]

Last month ACN announced it would be disabling perks, aka “loyalty rewards”.

The announcement, presented in the ACN backoffice, details the discontinuation of perks starting November 10th. [Continue reading…]

AVBOB Dream Team fails to provide ownership or executive information on its website.

AVBOB Dream Team’s website domain (“avbob.app”), was registered in December 2022. The private registration was last updated on August 1st, 2023.

AVBOB Dream Team’s official FaceBook page was created on February 15th, 2023. This gives us an approximate launch date.

A marketing video on AVBOB Dream Team’s website homepage features Rameez Jakoet.

Jakoet is known to BehindMLM as a top promoter of Berry Trading.

Berry Trading was a “click a button” app Ponzi that targeted South Africa. The scam collapsed on around May 2nd, resulting in widespread consumer losses.

Such to the extent Jakoet is involved in the running of AVBOB Dream Team is unclear. The marketing video featuring him was uploaded to AVBOB Dream Team’s official YouTube channel on August 8th.

While who is running AVBOB Dream Team isn’t specified, we can confirm it’s a South African MLM company targeting South Africans.

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…]

Golden Farm fails to provide ownership or executive information on its website.

Golden Farm’s website domain (“golden-farm.biz”), was first registered in December 2016. The private registration was last updated on October 2nd, 2023.

As of November 2023, SimilarWeb tracked top sources of traffic to Golden Farm’s website as Venezuela (18%), Iraq (17%), Bulgaria (16%), Brazil (13%) and France (5%).

Of note is Golden Farm’s use of Yandex Money and specific Russian credit card processors. This strongly suggests whoever is behind Golden Farm has ties to 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…]

Indian authorities have arrested a second Bitsolives suspect.

As reported by the Time of India, Prashant Brahmbhatt was arrested returning to India from Dubai on Wednesday, December 6th. [Continue reading…]

GSPartners’ latest ploy to disable investor accounts is KYC.

Despite not caring about KYC since it launched in 2020, GSPartners has advised investors they have until December 15th to comply.

Investors to who fail to provide GSPartners with photo ID and other personal documents, run the risk of their accounts being “temporarily suspended”. [Continue reading…]

Youngevity has had their securities revoked as part of a settlement reached with the SEC.

This includes Youngevity’s shares, which previously traded under the ticker YGYI. [Continue reading…]

GSPartners has received a securities fraud cease and desist order from Mississippi.

The December 6th order also applies to GSPartners’ owner Josip Heit, and local Mississippi promoter Richard L. Shoto. [Continue reading…]

Youngevity has ended its foray into 8 Minute Trader.

In a communication sent out to members, Youngevity advised it had

made the decision to close the 8 Minute Trader project, effective November 14, 2023.

[Continue reading…]