The Body Shop has opted to shut down its MLM operation sin the US.

As per an email sent out to distributors last week; [Continue reading…]

Sixteen Generation Zoe victims have filed a civil lawsuit against Generation Zoe and three US-based promoters.

Zoe Global University is/was a Generation Zoe Florida shell company, run by Florida based defendants Pablo, Matias and Agustin Monteleone. [Continue reading…]

Financial regulators in Portugal have issued a second CashFX Group securities fraud warning.

As per a January 17th warning from the Comissão do Mercado de Valores Mobiliários (CNVM); [Continue reading…]

The EminiFX Receiver has secured court-approval to sell off 3680 BTC.

The vast majority of the bitcoin (3658 BTC), was recovered from CoinPayments in November. [Continue reading…]

March 2022 saw JetCoin scammers Dwayne Golden, Mardy Eger and Gregory Aggesen arrested.

The trio were indicted on criminal charges related to their operation of the JetCoin Ponzi scheme. Simultaneously, the CFTC also filed paralell civil fraud charges.

What I didn’t know up until today was the CFTC also investigated accomplice James Ward. [Continue reading…]

Gollong Solar fails to provide ownership or executive information on its website.

In fact as I write this, Gollong Solar’s current website is nothing more than an affiliate sign up form:

I say “current website” because Gollong Solar originally targeted South Africa through the domain “gollong.org”.

That iteration of Gollong Solar collapsed in mid-December, just before Christmas.

The current iteration operates in XAF, targeting French-speaking Central Africa through Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon.

For reference:

• gollong.org (South Africa) was privately registered on May 24th, 2022
• gollong.online (XAF) was privately registered on October 4th, 2022

There might be other iterations of Gollong Solar I’m not aware of.

Despite targeting Africa, we can confirm Gollong Solar is run by Chinese scammers through its website source-code:

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…]

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

Bitrobix’s website domain (“bitrobix.com”), was privately registered on February 22nd, 2022.

Bitrobix’s official FaceBook page was created on April 13th, 2022. The page is primarily managed from India.

Rather than just be honest about this, Bitrobix has hired an actor to play “Paul McShane” as its CEO:

The marketing video above doesn’t appear on Bitrobix’s website. It was uploaded on December 15th to Bitrobix’s official YouTube channel.

The video is your typical Boris CEO affair. I originally estimated it was shot in rented office space somewhere in Central or South America.

In a second video uploaded to Bitrobix’s YouTube channel, titled “Success yacht party“, we can see “Viatena” branding on a bus.

Viatena is a Colombian transport company that operates out of Cartagena in Colombia.

Going back to Bitrobix’s “Success yacht party”, at [3:33] they conviently provide us with drone footage of the location:

I was able to pinpoint this to the Cartagena coast:

If you want to look it up yourself, exact coordinates are 10.419856889651188, -75.55120891963442.

The distinct circular roofed building is “La Tienda de Parques Nacionales”, and the roundabout circles “Monumento Santander”. Note you’ll need to append “Cartagena” to either of these places if you look them up.

As to who’s running Bitrobix, we now have a few possibilities:

1. Russian scammers who’ve hired Colombian actors to front their Ponzi scheme (Boris CEO scams typically operate out of Eastern Europe);
2. Colombian scammers;
3. Colombian and/or Russian scammers who’ve hired Indians to manage Bitrobix’s social media profiles; or
4. Colombian and/or Russian and/or Indian scammers working together.

To mask true ownership of Bitrobix, the company provides shell company incorporation certificates for Colorado in the US, the UK and Canada.

For the purpose of MLM due-diligence, shell company incorporation anywhere is meaningless.

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…]

Energy Spas fails to provide ownership or executive information on its website.

Energy Spas’ website domain (“energyspas.com”), was first registered in 2007. The private registration was last updated on February 4th, 2022.

Energy Spas’ domain was dormant until late 2022, wherein the current website was uploaded in or around November.

This strongly supports the current owners of Energy Spas’ domain taking possession of the domain in or around February 2022.

The original November 2022 version of Energy Spas’ website reveals it was designed by GoodLayers (click to enlarge):

GoodLayers primarily market WordPress themes. The specific theme Energy Spas uses is “Financity”:

The Financity theme costs $64.

Despite not existing until a few months ago, Energy Spas falsely claims it has been around since 2007.

Since 2007, Energy spas has been the leading provider of venture capital to the independent sector of the European energy industry, real estate, global infrastructure, and worldwide.

This appears to be based on the original domain registration date. As we’ve established, this had nothing to do with Energy Spas in its current form until Q1 2022 at the earliest.

At the top of Energy Spas’ website the registration number “FM0334520” appears. This same number appears on the website for GlobalHubAsset.

Since 2007, Global Hub Asset has been the leading provider of venture capital to the independent sector of the European energy industry, real estate, global infrastructure, and worldwide.

Sound familiar?

GlobalHubAsset is a Ponzi scheme pitching returns of up to 10% a day. The domain “globalhubasset.com” was privately registered in August 2022.

Whether GlobalHubAsset already launched and collapsed, or is waiting dormant for a launch is unclear.

What is clear is Energy Spas appears to be the work of serial Ponzi scammers.

In an attempt to appear legitimate, Energy Spas provides two corporate addresses on its website; one in Canada and one in Dubai.

The Canadian address also appears on GlobalHubAsset’s website. Dubai is the MLM crime capital of the world, so any contact details there provided are assumed to be false.

While we can’t rule it out completely, it’s unlikely Energy Spas has ties to either Canada or Dubai.

SimilarWeb currently tracks top sources of traffic to Energy Spas website as the US (83%), Sweden (10%) and Thailand (6%).

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…]

16OmegaPro Trade fails to provide ownership or executive information on its website.

OmegaPro Trade’s website domain (“omegaprotrade.ltd”), was privately registered on February 11th, 2022.

Despite only existing at best for just under a year, OmegaPro Trade falsely claims it “has been working in the market for 5 years”.

If we look at the source-code for OmegaPro Trade’s website, we learn its running a template:

AA287 is a $45 website template sold by VisualHYIP.

VisualHYIP sells various Ponzi websites and scripts to scammers.

In an attempt to appear legitimate, OmegaPro Trade provides incorporation details for the dissolved UK company Yesss Capital LTD.

An MLM company operating or claiming to operate out of the UK is a red flag.

UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.

As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.

For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.

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…]

Following on from our coverage of Angie Amaya’s fine, I’ve since learnt that three OmegaPro scammers were fined by the SFC in 2022.

The SFC also issued a second OmegaPro securities fraud warning. And, as late as December 29th, ordered yet another Colombian OmegaPro promoter to stop scamming. [Continue reading…]