CryptoProgram has received a fraud desist and refrain order from California’s Department of Financial Protection and Innovation.

The DFPI claims “Master Affiliate” Edward Anthony Zimbardi is running a Ponzi scheme. [Continue reading…]

Banker Quotes fails to provide ownership or executive information on its website.

Banker Quotes’ website domain (“bnkquotes.com”), was  privately registered on January 18th, 2023.

In an attempt to appear legitimate, Banker Quotes provides incorporation details for BQ Technologies LTD on its website.

BQ Technologies LTD is purportedly registered in the Marshall Islands.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

Even more so when said shell companies are incorporated in dodgy offshore tax-havens.

As opposed to the Marshall Islands, if we take a look at Banker Quotes’ official FaceBook page we can see it is being run from Colombia.

This strongly suggests whoever is running Banker Quotes is based out of and/or has ties to Colombia.

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…]

AffluentFX Network fails to provide ownership or executive information on its website.

AffluentFX Network’s website domain (“affluentfx.network”), was privately registered on March 15th, 2023.

On April 6th, a few weeks after AffluentFX Network’s website domain was registered, a marketing video was uploaded to a YouTube channel bearing the name “Affluent FX”:

I don’t have a name to go with the face but the individual hosting the webinar as “AffluentFX” has an African accent.

When demoing how to sign up, AffluentFX Network’s website defaults to South Africa.

This strongly suggests whoever is running AffluentFX Network is based out of Africa.

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…]

CloudFi appears to have had its website domain seized.

Roughly 24 hours ago, CloudFi’s original website domain was disabled through a DNS error: [Continue reading…]

Disbarred OneCoin lawyer Per Danielsen has lost his case against the Norwegian government.

In handing down its June 23rd decision, the Oslo District Court found Danielsen had “persistently deviated from acceptable lawyer behavior”. [Continue reading…]

Seven QNet promoters have been arrested in Togo’s capital city Lome.

As per a June 28th press-release from Togo’s National Police; [Continue reading…]

Bank of America has prevailed in a filed motion for summary judgment against the TelexFree class-action Plaintiffs. [Continue reading…]

On June 2nd Jackie Aguilar’s defendant filed a letter advising the court of her death on May 28th.

Aguilar, one of six AirBit Club defendants who pled guilty to fraud, was due to be sentenced on June 27th.

Following receipt of Aguilar’s death certificate on June 22nd, the case against her was dismissed on June 26th.

There have also been delays with respect to sentencing of the other AirBit Club defendants. [Continue reading…]

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

Iconatek’s website domain (“iconatek.io”), was privately registered on April 27th, 2023.

If we take a look at Iconatek’s website source-code, we find a references to iVicsant Technologies.

iVicsant Technologies is a software developer catering to Spanish-speaking clientele.

The company doesn’t appear to exist outside of a WhatsApp contact number.

Regardless, from this we learn the admin of Iconatek likely speaks Spanish. We also can’t rule out whoever is running iVicsant Technologies is also running Iconatek.

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…]

Unionview Investment fails to provide ownership or executive information on its website.

Unionview Investment’s website domain (“unionviewinvestment.com”), was privately registered on June 6th, 2023.

In an attempt to appear legitimate, Unionview Investment provides two corporate addresses on its website; one in the US and one in the UK.

The US address is a virtual address purchased through DaVinci Virtual. The UK address appears to be rentable office space that has nothing to do with Unionview Investment.

Although it’s not linked off their website, Unionview investment has an official YouTube channel.

There we find marketing videos featuring Fiverr actors standing in front of a green screen.

This is typical of non-native English speaking admins.

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…]