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

TronCash’s website domain (“troncash.net”), was privately registered on February 29th, 2024.

Of note is TronCash’s official FAQ document was authored by “Laiba Zafar”. I wasn’t able to ascertain anything further on this individual.

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…]

An email sent out to Qyral consultants claims founder and CEO Hanieh Sigari has been “removed” for “alleged fiduciary breaches”.

The email was sent out by Sigari’s husband, Darius Banasik. [Continue reading…]

Nelo Life has held a marketing webinar. Retail has been addressed but the company has also revealed securities and commodities fraud. [Continue reading…]

FutureNet Ponzi scammer Stephan Morgenstern will be extradited from Albania to South Korea.

Following Morgenstern’s rearrest in Albania after he fled Greece last year, South Korean authorities renewed extradition proceedings. [Continue reading…]

Game Ocean fails to provide ownership or executive information on its website.

Game Ocean’s website domain (“gameocean.io”), was privately registered on January 16th, 2024.

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…]

Club4You fails to provide ownership or executive on its website.

Club4You’s website domain (“club4you.net”), was first registered in 2018. The private registration was last updated on September 5th, 2023.

Of note is Club4You’s website defaulting to German, Club4You’s website source-code containing German and the company operating in euros.

As of February 2024, SimilarWeb also tracked the majority of Club4You’s website traffic originating from Germany (54%).

Putting all of this together, at the very least whoever is running Club4You appears to natively speak German. They also likely have ties to Germany or a German-speaking country.

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 UK’s FCA has issued multiple securities fraud warnings against GSB Gold Standard Corporation associated companies.

On March 21st the FCA issued fraud warnings against G999, Lydian World and Gold Standard Trade (aka GSTrade). [Continue reading…]

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

Grass’ website domain (“getgrass.io”), was registered in March 2023. The private registration was last updated on February 29th, 2024.

As per Grass’ website Terms and Conditions;

This agreement (“Agreement”) is between you and Lower Tribeca Corp.(“Company”, “we”, “us”, “our”) and governs your access to and use of the Grass app (“App”) that facilitates bandwidth sharing.

A January 1st SEC Form D filing reveals Lower Tribeca Corp is a shell company purportedly registered in the Bahamas.

Christopher Nguyen (right) is the sole cited Director of Lower Tribeca Corp in the filing.

Nguyen’s name led me to a December 2023 DT News article citing Grass as a product of Wynd Network. Nguyen, as “Chris Nguyen”, is cited as Wynd Network’s CTO.

Wynd Network rebranded as Wynd Labs on March 5th. The company runs a barebones website at “wyndlabs.ai”. No ownership or executive information is provided.

Through my own research I was able to ascertain one of Wynd Network’s co-founders, Andrej Radonjic (right).

Radonjic’s LinkedIn profile places him in Canada. Legal action involving Radonjic and Geckobyte Labs places him specifically in Ontario.

Randonjic appears to be a random crypto bro with no MLM experience.

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…]

TeaMiner operates in the MLM cryptocurrency niche.

The company represents it’s “main office” is in Wyoming in the US. Another corporate address for the shell company Teaminer S.A. in Panama is provided.

TeaMiner’s “main office” address in Wyoming is attached to the shell company TeaMiner Inc. The address itself belongs to Opus Virtual Offices.

It is unlikely TeaMiner has any ties to Wyoming beyond registering a shell company there.

TeaMiner’s Panama address is random office space for rent. Again it is unlikely TeaMiner has any actual ties to Panama beyond registering a shell company there.

Heading up TeaMiner we have an executive team led by Luis Rodriguez:

Rodriguez (under a different name) pops up on a few Chinese language websites. Juan Reynoso Jr. is a former promoter of the OmegaPro Ponzi scheme.

I wasn’t able to put together an MLM history on TeaMiner’s other two executives.

A major red flag with Tea Miner is the involvement of Juan Carlos Reynoso.

Reynoso (no idea if he’s related to TeaMiner’s Juan Reynoso Jr.), is a notorious MLM Ponzi scammer.

Update 26th March 2024 – Juan Reynoso Jr. is in fact the son of Juan Carlos Reynoso:

/end update

The earliest record BehindMLM has of Juan Reynoso’s Ponzi scamming is iComTech circa 2018.

US authorities arrested iComTech’s founder David Carmona and four accomplices in late 2022. Although he was CEO of iComTech, Reynoso was not among those apprehended.

After iComTech collapsed, Reynoso signed on as an OmegaPro executive circa 2019.

OmegaPro is suspected of being a multibillion dollar MLM crypto Ponzi scheme.

The scam collapsed in late 2022, after which Reynoso signed on a CSO for the Go Global reboot.

Next we heard of Reynoso was March 2023. Reynoso was arrested in Mexico on money laundering and drug trafficking charges.

In June 2023, Reynoso was released due to “irregularities with evidence collected” against him.

Today there is no mention of Reynos on Go Global’s website. Any mention of him on Go Global’s social media has been scrubbed.

Promotion of TeaMiner began in November 2023. It’s high likely Reynoso, either directly or by proxy, is actually running TeaMiner.

Both OmegaPro and Go Global was/is based out of Dubai. Reynoso is assumed to be hiding in Dubai and/or Central America.

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

Belgium’s Financial Services and Markets Authority (FSMA) has issued three MLM related fraudulent trading platform warnings.

In a warning published on March 14th, the FSMA “strongly advises against responding to any offers of financial services made by” CosCoin, Onewiex and FVP Trade. [Continue reading…]