Shao Bank has received a pyramid fraud warning from Russia.

As per the Central Bank of Russia’s December 21st warning, Shao Bank exhibits “signs of a financial pyramid” scheme. [Continue reading…]

All Capital operates from two known website domains:

• allcapital.io – privately registered on August 25th, 2023
• allcapital.world – privately registered on August 25th, 2023

On a marketing video, embedded into both of All Capital’s websites, “Dorfman” is presented as founder of the company.

Dorfman of course doesn’t exist outside of All Capital’s marketing. The actor playing Dorfman has an eastern European accent, making him a prime Boris CEO candidate.

In the marketing video Dorfman is interviewed by “Irene”, who also has an eastern-European accent.

Boris CEO schemes are typically the work of Russian and/or Ukrainian scammers.

We don’t have detailed stats for All Capital’s .IO domain but, for November 2023, SimilarWeb tracked ~440,000 visits to All Capital’s .WORLD domain.

34% of All Capital website traffic originated from the US, 22% from Ukraine, 15% from China and 9% from Saudi Arabia.

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…]

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

Ortus’ has two known website domains:

• ortusgo.com – registered in September 2021, private registration last updated on September 14th, 2023
• goortus.com – registered in April 2021, private registration last updated on April 25th, 2023

Ortis’ locked down FaceBook page was created in August 2021. The page is run from South Africa, suggesting whoever is running Ortus is also based out of South 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…]

Simpy Bhardwaj, aka Simpy Gaur, has been arrested on charges related to the Gain BitCoin Ponzi scheme. [Continue reading…]

Ellev8 has received a securities fraud warning from New Zealand’s Financial Market Authority.

As per the FMA’s October 12th warning; [Continue reading…]

The Blockchain Era has received a “suspected Ponzi and pyramid scheme” warning from New Zealand.

As per the Financial Market Authority’s November 13th warning; [Continue reading…]

Banker Quotes has received a securities fraud warning from New Zealand’s Financial Market Authority.

As per the FMA’s December 12th warning; [Continue reading…]

Infinity2Global defendant Jason Syn has escaped prison time.

Following a December 19th guilty plea entered on one count each of conspiracy to commit mail fraud and securities fraud, Syn was sentenced to three years probation. [Continue reading…]

iComTech promoter Marco Ruiz Ochoa has pled guilty to one count of Conspiracy to Commit wire fraud.

Ruiz-Ochoa and several iComTech scammers were indicted in October 2022. Ruiz-Ochoa was arrested in November 2022. [Continue reading…]

GSPro has announced it is terminating all GSPartners investor accounts.

The new update went live following unscheduled website maintenance sometime yesterday. [Continue reading…]