Life Miner has four known website domains:

• lifeminer.tech (main website), privately registered March 5th, 2023
• lifeminer.io (affiliate backoffice), privately registered September 19th, 2023
• lifeminer.app (affiliate backoffice), privately registered September 19th, 2023
• mpytoken.app (currently only used for website asset CDN), privately registered April 14th, 2023

On its main website and YouTube channel, Life Miner presents “Jairo Bonicontro” is its CEO.

Bonicontro is a prime Boris CEO candidate but does appear to be using his real name.

Bonicontro appears to be based out of Paraguay. This fits with Life Miner representing it is based out of Paraguay.

Other than registration of a shell company and hiring locals to appear in marketing videos, Life Miner doesn’t appear to have any actual ties to Paraguay.

The Wayback Machine cached Life Miner’s website in mid 2023. At the time the site was presented in Portuguese. There are also Portuguese words in Life Miner’s website source-code.

This is odd because the two most common languages in Paraguay are Spanish and Guarani.

Note that there was no mention of Bonicontro on Life Miner’s website at this time. He appears to have been added sometime thereafter.

Something else odd is two of Life Miner’s websites being registered through a Spanish registrar. While we can’t see full registration details, one domain country is set to CN (China) and the other BR (Brazil).

This could just be bogus registration data but, within the context of everything else, is worth noting.

Finally we have SimilarWeb traffic analysis for each of Life Miner’s websites:

• lifeminer.tech – 31% from Italy, 31% from Poland, 20% from Brazil and 11% from Bangladesh
• lifeminer.io – 39% from the Dominican Republic, 19% from the UK, 13% from the US, 9% from the Italy and 9% from Poland
• lifeminer.app – 45% from Italy, 44% from Poland and 11% from Brazil
• mpytoken.app – not enough traffic to measure

I’m tempted to say Life Miner is being run by Brazilian scammers but can’t say for sure.

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…]

Federal Stock Bond has received a pyramid fraud warning from Russia.

As per the Central Bank of Russia’s January 12th warning, Federal Stock Bond exhibits “signs of a financial pyramid”. [Continue reading…]

Three scammers behind the 8 Figure Dream Lifestyle pyramid scheme have been criminally charged.

• Alex Dee, aka Alex Dowlatshahi, was arrested in Washington on January 10th, 2024
• Brian Kaplan was arrested in Colorado on October 2nd, 2023
• Jerrold Maurer, aka Jerry Maurer, was arrested at an unknown date

[Continue reading…]

Following executed search warrants on January 11th, Indian authorities have frozen Rs. 6.4 million (~$77,000 USD).

In a January 12th press-release, the Enforcement Directorate revealed the funds were tied to iX Global and TP Global FX. [Continue reading…]

Two former promoter of the 8 Figure Dream Lifestyle pyramid scheme have been sued by the FTC.

A Complaint filed by the FTC on December 8th, 2023, names three defendants:

• Bob Shafer, aka Robert William Shafer, Coach Bob, Bo Hall, Bo Small, Bo Rich and Beau Rich, a resident of New York;
• Samuel James Smith, a resident of Idaho; and
• Charles Joseph Garis Jr., aka Joe Gaines, a resident of Pennsylvania

The FTC has accused Shafer, Smith and Garis of violating the FTC Act and Telemarketing Sales Rule (TSR). [Continue reading…]

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

Global Adkach’s website domain (“adkach.com”), was registered in March 2022. The private registration was last updated on March 13th, 2023.

In the footer of its website, Global Adkach provides a corporate address in Morocco.

Further research reveals marketing citing Amine Hafidi as Global Adkach’s founder and CEO.

Hafidi, who for some reason refers to himself as a “Grand Master”, appears to be from Morocco.

This tracks with Global Adkach’s provided corporate address.

Due to language-barriers tracking Hafidi’s MLM history proved difficult. Circa 2014/2015 though, Hafidi appears to have been promoting the Dubli pyramid scheme.

Circa 2016 it was revealed Dubli was losing millions of dollars. The scam went on to collapse in 2022.

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…]

The Body Shop is closing the UK and Australian divisions of its The Body Shop At Home MLM opportunity.

Yesterday The Body Shop informed distributors it had [Continue reading…]

David Carmona, founder of the iComTech Ponzi scheme, has pled guilty to one count of conspiracy to commit wire fraud.

After initially pleading not guilty following his arrest in late 2022, Carmona changed his plea at a December 22nd hearing. [Continue reading…]

A visit to Infinity Pi’s website reveals new “Infinity X” branding.

Infinity Pi was a short-lived MLM crypto Ponzi run by Chinese scammers.

Launched in Q3 2023, Infinity Pi first collapsed in October. An Infinity Pi 2.0 reboot was launched, only to collapse again a week before Christmas.

It seems Infinity Pi isn’t done milking gullible saps, with Infinity X now marking the second reboot of the scam.

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

Nexus Rewards launched in 2022. It was a reboot of the collapsed NXR Global pyramid scheme, combining recruitment commissions with “savings and cashback apps”.

I’m not exactly sure when but Nexus Rewards recently revamped its compensation plan. The official compensation documentation on Nexus Rewards’ website was created on January 1st, 2024.

Nexus Rewards’ reboot resulted in renewed marketing efforts. This in turn led to reader requests for an updated review.

Today we revisit Nexus Rewards for 2024 and see what’s changed. [Continue reading…]