A “Dubai Unlocked” leak pertaining to real-estate records in the UAE has tied over two dozen properties to OneCoin scammers.

The leak, shared and vetted by various media publications, also provides intel on OneCoin fugitive Frank Schneider. [Continue reading…]

Following news of a settlement between Nutra Pharma Corp defendants and the SEC in April, details of two settlements have now been made public.

As part of a final judgment in favor of the SEC; [Continue reading…]

Following two distributions of recovered funds to victims, the USFIA Receiver has requested court permission to destroy records and close the Receivership. [Continue reading…]

Anna Morgenstern, wife of FutureNet co-founder Stephan Morgenstern, has been criminally charged by South Korean authorities.

Separately Albanian authorities have charged Anna with laundering funds tied to a criminal offense. [Continue reading…]

YIPTG has received a pyramid scheme fraud warning from Russia.

As per the Central Bank of Russia’s May 15th warning, YIPTG exhibits “signs of a financial pyramid”. [Continue reading…]

Following closure of the EminiFX victim claim portal, 110,318 transactions from over 30,000 victims have been verified.

The transactions correlate to $229 million in verified invested funds and around $30 million in verified withdrawals.

Just over 5000 EminiFX investors have submitted disputed transactions, or transactions that were unable to verified. [Continue reading…]

Former Investview CEO Joseph Cammarata has been sentenced to six years in prison for tax fraud. [Continue reading…]

edX AI fails to provide ownership or executive information on its website.

edX AI’s website domain (“edxai-usdt.com”), was privately registered on April 25th, 2024.

Of note is edX AI’s website domain being registered through the Chinese registrar Alibaba (Singapore).

In an attempt to appear legitimate, edX AI provides a FINCEN MSB registration certificate for EDX INC. EDX Inc. is represented to be a New York shell company.

The certificate is meaningless, primarily due to FINCEN not being a financial regulator.

Additionally due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence any related certificates are 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…]

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

MproLab’s website domain (“mprolab.io”), was first registered in September 2022. The private registration was last updated on June 12th, 2023.

While there are no legally required disclosures on MproLab’s website, its YouTube channel provides names we can attach to the company.

Marcin Whoa, Michal Bartczak and Piotr Szopa appear on MproLab “community lab” videos.

MproLab’s “community lab” videos began a month ago on March 11th.

On his LinkedIn profile Marcin Whoa, aka Marcin Wojcieszkiewicz, cites himself as a resident of Poland.

Whoa also cites himself as co-founder and COO of MetaPro, which appears to be attached to MproLab. As far as I can tell, Whoa is a random crypto bro with no prior MLM experience.

Michal Bartczak and Piotr Szopa are also from Poland and attached to MetaPro as executives.

In researching the trio I also came across a fourth name, serial Ponzi fraudster Martin Karus.

Karus has been promoting MproLab and MetaPro on Twitter. He refers to both companies in the possessive, suggesting an ownership stake.

Karus (right), also originally from Europe, has since fled to Dubai.

From Dubai Karus continues to defraud consumers through various MLM crypto Ponzi schemes.

The latest MLM crypto Ponzi Karus has been promoting is Xera, a combination of three collapsed Dubai MLM crypto Ponzi schemes.

Collapsed MLM crypto Ponzi schemes Karus himself launched in the past include TronCase and Monarch.

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

Xelliss appears to have collapsed. As per a May 12th press-release, Xeliss’ product IP, distributor and customer database have been sold off to Zinzino.

Both Xeliss and Zinzino are European MLM companies. [Continue reading…]