Back in 2020 Daisy AI surfaced as a Ponzi scheme pushed out by EndoTech.

EndoTech pitched itself as a Israeli crypto trading bot firm headed up by Anna Becker and Dmitry Gushchin.

BehindMLM reviewed Daisy AI on December 3rd, 2020. We found a typical MLM crypto Ponzi dressed up as “equity crowdfunding”.

Since publishing our review, EndoTech has positioned itself as a firm that enables other companies to commit securities fraud.

Daisy AI is one of those companies, with Jeremy Roma emerging as the face of the operation.

In hindsight Roma was likely always behind Daisy AI, but this was masked when Daisy AI launched.

Having scammed a bunch of people and stashed a bit of ill-gotten gains away, Roma has gotten more comfortable associating himself with Daisy AI.

Roma is a US national who relocated to Dubai as part of his transition to crypto fraud. In line with his confidence in getting away with fraud growing, Roma now spends his time between Dubai and the US.

Roma’s MLM origins date back to selling coffee at Organo Gold. In 2019, a year before Daisy AI launched, BehindMLM came across Roma in Apex.

Apex was a $13,750 five-year investment crypto mining Ponzi. Apex in its original incarnation lasted a few months.

Roma tried to keep the Ponzi going with former OneCoin scammers but that didn’t last long.

Roma transitioned into crypto fraud in or around 2018 through Holton Buggs, a disgraced Organo Gold founder turned crypto Ponzi scammer in his own right.

Since its 2020 launch Daisy AI has collapsed numerous times. BehindMLM hasn’t really been tracking Daisy AI’s collapses, but we did document the “daisy token” exit-scam in 2021.

The latest incarnation is Daisy Forex, launched in or around April 2022.

This current Daisy Forex iteration is what we’re reviewing today. [Continue reading…]

Titan Capital Markets fails to provide ownership or executive information on its website.

Titan Capital Market’s website domain (“titancapitalmarkets.com”), was privately registered on March 31st, 2022.

An official marketing presentation names “Howard Yan” as CEO of Titan Capital Markets.

Yan doesn’t exist outside of Titan Capital Markets’ marketing. That said, some effort has gone into creating a bogus digital profile.

The domain “yanfxeducation.com” was registered on June 8th, 2022.

The website presents a photo of Yan with fictional backstory and forex trading filler fluff.

In one Titan Capital Markets promo video we’re introduced to “Klaus Huber”.

Huber is an actor who, back in 2016, portrayed a pedophile in an awareness campaign for a Malaysian charity.

The campaign was put together by Naga DDB Tribal, a Malaysian marketing company.

I want to clarify that work is work and I’m not insinuating anything from the actor’s role. The takeaway is that “Klaus Huber” is being played by a Malaysian actor and doesn’t actually exist.

Neither does Howard Yan but, other than him possibly being from Taiwan, was unable to find anything further.

Some of Titan Capital Markets’ videos are strange, like this Fulham Football club sponsorship promo.

Early Titan Capital Markets videos suggest initial promotion in south-east Asia. Since then recruitment anywhere outside of India appears to have collapsed.

Today SimilarWeb tracks 100% of Titan Capital Markets’ website traffic as originating from India.

In an attempt to appear legitimate, Titan Capital Markets presents itself as an Australian shell company:

From the above research, we conclude that whoever is running Titan Capital Markets is likely based out south-east Asia.

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…]

Jean Paul Ramirez Rico has settled a $12 million fraud case filed against him by the SEC.

On January 24th the  the SEC filed a Motion for Entry of Judgment against Ramirez. Ramirez consented to the motion, constituting an effective settlement.

The court granted the SEC’s motion later the same day, leaving Angel Rodriguez the only defendant standing. [Continue reading…]

BitcoinTAF stands for “Bitcoin Trend and Forecast”. The company claims to have been around since 2016.

Since 2016 Bitcoin Trend and Forecast has been one of the most trusted sources for thousands of traders who look to us to provide training, technical data, and fundamental research at every skill level.

Heading up BitcoinTAF is founder Marius Landman (right).

BehindMLM first came across Landman in January 2020 through Python Signals.

Python Signals was a cryptocurrency signals pyramid scheme. By the middle of 2020 Python Signals had collapsed.

Landman rebooted Python Signals as Tonoit. Tonoit lasted until late 2021, wherein the scheme started going by Moonacade.

Today both Tonoit and Moonacade’s websites are still up – both however are non-functional (links have been disabled).

The last video uploaded to Moonacade’s official YouTube channel was on January 29th, 2022. The same video was uploaded to Tonoit’s YouTube channel on January 31st.

This appears to be around the time both Tonoit and Moonacade officially collapsed.

Today Landman only promotes BitcoinTAF. I’d assume what was left of Tonoit and Moonacade were rolled into BitcoinTAF.

As of August 2020, Landman represented he was based out of New Zealand. Today Landman’s LinkedIn profile places him in Queensland, Australia.

BitcoinTAF provides a PO Box corporate address for Bitcoin Trend and Forecase Pty Ltd. in Brisbane, Queensland on its website.

BitcoinTAF’s official FaceBook page is managed from South Africa, Australia, Mexico and the US.

Read on for a full review of the BitcoinTAF MLM opportunity. [Continue reading…]

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

CashWorth’s website domain (“cashworth.co”), was privately registered on July 25th, 2022.

CashWorth’s official FaceBook page was created on October 1st, 2022. This appears to be around the time CashWorth launched.

One name we can attach to CashWorth is Master Distributor “Coach” Raja Riaz.

Riaz was a promoter of the B4U Global, SR Group and Secure Reannex Ponzi schemes.

B4U Global was a Ponzi scheme pitching monthly returns of up to 20%.

Launched in 2020, B4U Global appears to have collapsed around mid 2021.

Heading up B4U Global was CEO Saifur Rehman Khan (right).

Khan was arrested by Pakistani authorities after B4U Global collapsed.

B4U Global victim losses were initially pegged at ~$46.7 million USD.

As of March 2022 Khan was in custody with a bail hearing pending. Pakistani authorities are squabbling over who should be leading the case.

SR Group appears to be a short-lived reboot of B4U Global. “SRG” stood for “Saif ur Rehman Group”.

Secure Reannex appears to be a clunky attempt to keep the “SRG” initials branding going.

Around mid 2022, victims of both B4U and SR Group were being funneled into Secure Reannex.

Secure Reannex pitched a 350% to 700% ROI over 3 to 5 years.

Attempts to visit Secure Reannex’s website today reveal the Ponzi scheme has collapsed.

For all intents and purposes, CashWorth appears to be yet another reboot of the same Ponzi scheme.

Further supporting this is CashWorth’s official FaceBook page being managed from Pakistan:

In an attempt to mask where the scam is being run from, CashWorth falsely claims it’s “an investment company based in the US.”

In addition to Pakistan, CashWorth also has ties to Dubai:

It seems Riaz Ahmed (and presumably other promoters) fled to Dubai after Secure Reannex collapsed.

Dubai is 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 CashWorth, read on for a full review. [Continue reading…]

Back in 2016 the City of London Police arrested Christopher Hamilton.

Hamilton had been reported up for suspicious transactions by his bank. An investigation revealed the transactions were tied to OneCoin.

Along with Hamilton’s arrest, the CoLP also seized £30 million in checks, purportedly sent to Hamilton by convicted OneCoin money launderer Gilbert Armenta.

At the time of the bust, CoLP declared it to be the “biggest ever seizure’ by a UK law enforcement agency”.

A year later CoLP handed back the £30 million and deleted their press-release. [Continue reading…]

Master Key Bank is a new scam from serial fraudster Antoun Toubia.

This time it’s “AI” and banking fraud. [Continue reading…]

Exeno operates in the cryptocurrency MLM niche. The company launched in late 2020 as part of the Mining City Ponzi scheme.

Exeno.com is an innovative global e-commerce for a rapidly growing group of customers.

It enables purchasing all goods with cryptocurrencies (BTC, ETH, BTCV).

BTCV refers to Bitcoin Vault, a Ponzi shitcoin launched by Mining City owner Eyal Avramovich.

A Mining City update from early 2021 references Exeno’s integration:

Exeno was incorporated as Exeno sp. zo.o. (EXENO SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ), in Poland on November 3rd, 2020.

The Directors of Exeno are:

• Tomasz Damian Babiak
• Bozena Joanna Glowacka and
• Grzegorz Rafal Rogowski

We know “Grzegorz Rogowski” as Mining City’s Greg Rogowski.

Rather than just be honest about owning and running Mining City himself, Eyal Avramovich appointed Rogowski, a former employee of his, as CEO.

You may or may not have noted this paragraph from the early 2021 Mining City press-release above:

Mining City does not own or assume any responsibility for Exeno. The rig is a completely different company with no ties to Mining City.

Greg Rogowski being CEO of Mining City and owning Exeno makes the “completely different” claim farcical.

To hide his ownership of Exeno, Rogowski removed himself as a Director in March 2021. Michael Piotrowski was also removed from Exeno’s Board of Directors.

On its website today, Exeno cites

• Tomasz Babiak as its CEO
• Bozena Glowacka as its CLO (Chief Legal Officer?) and
• Michael Piotrowski as its Lead Designer

Greg Rogowski doesn’t feature on Exeno’s website.

Throughout 2021 Exeno presented itself as an ecommerce platform Mining City investors could launder BTCV through for products.

Mining City collapsed in October 2021. In November 2021 Rogowski disappeared.

In March 2022 Rogowski reappeared to attribute his disappearance to a heart attack.

He then disappeared again and hasn’t been seen in public since.

Avramovich continues to defraud consumers with iMine, which he’s merged Mining City victim bagholders into.

Greg Rogowski has been replaced by iMine puppet CEO Jorge Mesquita.

On or around October 2022, Exeno replaced its defunct ecommerce website with its current website.

This coincided with the launch of Exeno Coin.

Exeno came to me from presumably a former Mining City investor, claiming Rogowski was behind it. Beyond the research above, I haven’t been able to definitively verify this claim.

If confirmation does surface that Rogowski is behind Exeno, I’ll leave an update below.

Rather than acknowledge it is a Polish company run out of Poland…

…Exeno pretends it is “based in the Marshall Islands”.

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

Crypto Arbitrage Team fails to provide executive or ownership information on its website.

Crypto Arbitrage Team currently operates from the domain “mycat-team.com”, privately registered on October 22nd, 2022.

As of December 2022, SimilarWeb tracked negligible traffic to Crypto Arbitrage Team’s website.

The original incarnation of Crypto Arbitrage Team operated from “mycat.team”, privately registered on August 8th, 2022.

Based on official marketing videos on Crypto Arbitrage Team’s YouTube channel (example right), the original launch was on or around August 28th.

The reason Crypto Arbitrage Team changed domains appears to be a Bank of Russia pyramid fraud warning, issued on October 21st, 2022.

Twenty-four hours after CBR’s fraud warning was made public, Crypto Arbitrage Team registered its current domain.

To hide who’s behind Crypto Arbitrage Team, the company represents it is headed up by a CEO wearing a cat mask.

The person behind the mask has a digitally modified voice. I can’t quite place the accent but it’s definitely European.

Two actual people we can tie to Crypto Arbitrage Team are Luiza Ave and Ashok Sharma.

Ave is based out of Dubai and cites herself as the founder of Almalakia Capital Investment.

No idea what Almalakia Capital Investment is, but I couldn’t help but notice Ave claims to have obtained a Masters degree from Lomonosov Moscow State University.

In Crypto Arbitrage Team marketing videos, Ave is cited as as a “Global CAT Representative”.

Ashok Sharma is a Mumbai, India based serial promoter of crypto Ponzi schemes.

Recent MLM Ponzi schemes Sharma promoted include FVP Trade, LIQRCoin and Forsage.

FVP Trade was a Russian Boris CEO Ponzi scheme. The scam collapsed in July 2022.

Between the CBR fraud warning, a Boris CEO in a cat mask, Luiza Ave and Ashok Sharma, we have red flag ties to Dubai and Russia.

Russians are behind the vast majority of Boris CEO Ponzi schemes. A Boris CEO is an actor hired to mask the true operators of scams.

Dubai, equally notorious as Russia, is 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 Crypto Arbitrage Team, read on for a full review. [Continue reading…]

M80 Advertising fails to provide ownership or executive information on its website.

M80 Advertising’s website domain (“m80advertising.com”), was privately registered on December 4th, 2022.

Marketing videos on M80 Advertising’s website are hosted on a YouTube channel named “Curtis Webb”.

Webb has an M80 Advertising admin account under the referral name “fishmerman”:

Last year Webb was promoting VIP Global Stars, a LaCore Enterprises MLM company headed up by Eric Caprarese.

VIP Global Stars appears to have collapsed sometime in the second half of 2022. That brings us to the launch of M80 Advertising on or around December 2022.

Update 6th January 2024 – Sometime after this review was published M80 Advertising’s website was updated to reflect Jeremy Duncan as its owner.

According to his FaceBook profile, Duncan is a US national residing in Indiana. /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…]