Rather than just be upfront about its fourth co-founder, Nelo Life has chosen to dance around Orkan Arat’s involvement.

All Nelo Life promotional material thus far has failed to disclose Arat as a Nelo Life co-founder.

In fact on a recent Nelo Life webinar, co-founder Eric Allen was downright childish about it. Allen acknowledged a fourth Nelo Life co-founder but referred to him only as “Big O”.

Separately I’ve been informed this is because of Arat’s involvement in another MLM company.

Further research into Nelo Life’s white labelled nutritional supplements might provide some clues. [Continue reading…]

DC-BTC fails to provide ownership or executive information on its website.

DC-BTC’s website domain (“dc-btc.cc”), was first registered in 2022. The private registration was last updated on January 24th, 2024.

Starting with “Mavrodi’s mathematics”, DC-BTC presents itself as a reboot of the MMM Global Ponzi scheme.

DC-BTC System – it’s an International Association of Bitcoin enthusiasts!

The growth of the project provides the unique Mavrodi’s Mathematics embedded in the blockchain system.

BehindMLM first documented Sergey Mavrodi’s MMM Global Ponzi scheme in 2015. Since then there have been umpteenth reboots.

Mavrodi himself died reportedly destitute in 2018. Nevertheless, Russian scammers continue to reboot MMM Global under various names.

The last MMM Global Ponzi reboot BehindMLM documented was MMM FSTP in March 2023. MMM FSTP has since collapsed.

DC-BTC appears to be more of the same, likely run by the same Russian scammers behind the other reboots.

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 latest chapter in the ongoing Qyral saga is the granting of a Temporary Restraining Order against Dariusz Banasik.

Hanieh Sigari filed for an ex-parte TRO against her husband earlier in the week, after he ousted her from Qyral on March 22nd. [Continue reading…]

iX Global’s IN8 NFT grift, purportedly running on Debt Box’s technology, has collapsed.

As per a March 27th message to investors on IN8’s website; [Continue reading…]

Zeotar fails to provide verifiable ownership or executive information on its website.

Zeotar’s website domain (“zeotar.com”), was privately registered on November 15th, 2023.

Despite only existing for a few months, on its website Zeotar falsely claims it was founded in 2017.

Zeotar is purportedly run by founder Sebastian Martinez, who Zeotar claims is from New Mexico. Naturally Martinez doesn’t exist outside of Zeotar’s marketing.

In line with Martinez being from New Mexico, Zeotar provides consumers with a New Mexico shell company certificate for Zeotar LLC. Zeotar LLC was incorporated in December 2023.

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.

Over on YouTube we have Zeotar marketing videos featuring an robodubbed AI avatar and George C.

A year ago George was teaching English in South Korea:

Today George can be found on Fiverr:

It seems whoever is running Zeotar hasn’t bothered to find someone to play Sebastian Martinez yet.

Update 1st April 2024 – George C. hasn’t been seen in ZeoTar marketing material for a month.

He appears to have been recently replaced by this guy, who is also calls himself “George”:

ZeoTar’s new George shoots videos on his cell phone and is likely another Fiverr or similar hire. /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…]

Nexus Heat fails to provide verifiable ownership or executive information on its website.

Nexus Heat’s website domain (“nexus-heat.com”), was privately registered on May 20th, 2023.

Despite existing for less than a year, Nexus Heat falsely claims on its website that it “was incorporated on the 25th of August 2016”.

Purportedly heading up Nexus Heat is CEO “Johan Hjertonsson”.

Hjertonsson doesn’t exist and is represented by a stolen profile photo:

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…]

Coenraad Botha has been fined R216 million ($11.3 million USD) by South Africa’s Financial Sector Conduct Authority (FSCA).

Botha, a licensed lawyer in South Africa, has also been disbarred for ten years. [Continue reading…]

The Coinset NFT Ponzi scheme has collapsed.

As per communications sent out to investors, Coinset will officially be abandoned for GFST as a company name from April 1st. [Continue reading…]

FlipMe operates in the cryptocurrency MLM niche.

The company website domain (“flip-me.com”), was first registered in 2016. The private registration was last updated on October 12th, 2023.

Through the WayBack Machine we can see there was nothing on the domain as of September 2023. This indicates the domain was purchased on or around the October 2023 registration update.

There is no mention of Mavie Global or CEO Michal Prazenica on FlipMe’s website. [Continue reading…]

Mirror Trading International’s South African liquidators have initiated clawback proceedings against top US net-winners. [Continue reading…]