Altera Global fails to provide verifiable ownership or executive information on its website.

Altera Global cites “Geoff Walker” as… well they don’t actually say what. He’s just on their website.

Walker not only doesn’t exist outside of Altera Global, the person playing him appears to have been dressed up in a wig and glasses.

Over on YouTube we have videos featuring Walker. The person playing him has a Russian accent, confirming Walker is a Boris CEO.

Amusingly, in another Altera Global marketing video, Walker has been dubbed over with an American accent.

Hiring actors to play CEOs and dressing them up in disguises is a typical calling card of Russian scammers.

Altera Global’s website domain (“altera-global.com”), was privately registered on August 11th, 2023.

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…]

US national Jeremy Reynolds has emerged at the center of LGreen’s recovery scam.

Following LGreen’s collapse last week, the Ponzi scheme is now plying investors up for a recovery scam.

At the center of this scam within a scam is the promise of access to withdrawals again, for a fee. [Continue reading…]

Titan369 fails to provide ownership or executive information on its website.

In fact as I write this, Titan369’s website is marked “coming soon”.

On a separate “platform” subdomain, Titan369 affiliates are able to sign up and log in.

Titan369’s website domain (“titan369.io), was privately registered on October 15th, 2023.

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…]

S19antminers fails to provide ownership or executive information on its website.

S19antminers’ website domain (“s19antminers.com”), was registered in August 2023. The private registration was last updated on January 8th, 2024.

In an attempt to appear legitimate, S19antminers provides a UK corporate address and links to the company registration for “Stash Networks Limited”.

Stash Networks Limited was registered in the UK in November 2021. It is unlikely to have anything to do with S19antminers.

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…]

iComTech promoter Marco Ruiz Ochoa has been sentenced to five years in prison.

As per Ochoa’s January 19th judgment, in addition to his prison sentence he’s up for $914,000 in forfeiture and “any and all property” connected to iComTech.

Further restitution has been deferred till April 3rd, 2024. [Continue reading…]

AutoTrade Gold founder Wahyu Kenzo (aka Dinar Wahyu Saptian Dyfrig), has been sentenced to ten years in prison.

Kenzo was also fined Rp. 10 billion (~640,000 USD).

Kenzo and two accomplices were arrested in early 2023. Indonesian authorities charged the scammers over operation of AutoTrade Gold, an alleged was a $582 million Ponzi scheme. [Continue reading…]

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

In fact as I write this, Overdome’s website is nothing more than an affiliate log in button.

Overdome’s website domain (“overdome.net”), was privately registered on November 11th, 2023.

Further research reveals Overdome marketing citing “Kemal Altun” as General Director.

I wasn’t able to find anything further on Altun. Whether he actually exists is unclear.

While who is running Overdome is unclear, some names we can attach to the company via their marketing are Mac-Elly Deslances and Alain Miheret.

Both Deslances and Miheret are cited as Overdome’s VP of Sales.

Deslances and Miheret are French former promoters of the Verse Network Ponzi scheme.

Verse Network, a spinoff of the collapsed Mainet Ponzi scheme, itself collapsed in October 2023.

Based on this timeline, it appears Overdome is a spinoff of Verse Network. Both Verse Network and Overdome are based out of Dubai.

If Verse Network owners Joseph Paillant and Brice van den Bussche are behind Overdome, this information is being hidden.

Other names we can attach to Overdome include Sal Khan:

Bryan Nguyen (Vietnam):

Pavel Rocas (Romania):

And Iuliana Enache and Lumu Kabasele:

Early promoters of Overdome all appear to be Verse Network scammers.

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

Eagle Bit Trade was an MLM crypto Ponzi scheme launched in 2018.

Run by Brazilian national Edson Junior Amaral, Eagle Bit Trade was the usual “crypto trading bot” ruse.

After Italy issued an Eagle Bit Trade securities fraud warning in November 2018, the Ponzi scheme went on to collapse shortly thereafter.

Now, five years later, Eagle Bit Trade has reemerged on a new website domain. [Continue reading…]

MLM Ponzi scammer Ryan Ginster appears to have killed himself in prison.

Following a guilty plea entered in December 2022, Ginster, 36, was sentenced to 27 months in prison.

In parallel civil proceedings, the SEC sued Ginster in late 2021. The federal regulator alleged that, through his My Micro Profits and Social Profimatic Ponzi schemes, Ginster stole over $3.6 million from consumers.

Ginster’s SEC case resumed after he was sentenced. As per Ginster’s SEC case docket, a notice of his death was filed on January 8th, 2024. [Continue reading…]

Barnaje presents itself as an “anonymous DAO that’s community powered & fraud proof.” This is an instant red flag.

In MLM, admins hide behind claimed decentralization to avoid being named as owners of scams.

The truth is an MLM company doesn’t set up itself. It is set up and owned by an individual or individuals. Typically, these individuals are the primary beneficiaries of the scam.

Another red flag is Barnaje’s marketing videos hosted by robodubbed AI avatars. Again, this is Barnaje’s admins hiding themselves from company affiliates.

Update 20th January 2024 – Further research reveals an official Barnaje Vimeo channel.

On the channel we have official Barnaje marketing videos, hosted by Lynford Theobald.

Theobald, an 80+ year old Utah resident, is a serial promoter of illegal MLM gifting schemes.

BehindMLM first came across Theobald in 2014, as a promoter of the Gold Crowdfunding gifting scheme. /end update

Barnaje’s website domain (“barnaje.com”), was privately registered on May 9th, 2023.

As of December 2023, SimilarWeb tracked top sources of Barnaje website traffic as the US (82%), UK (9%) and Ecuador (7%).

Update 30th May 2024 – Barnaje has abandoned its original .COM domain.

The gifting scam now operates from “barnajedao.com”, privately registered on May 16th, 2024. /end update

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…]