Serial MLM crypto Ponzi scammer Jeremie Sowerby has been indicted for a third time.

On December 12th, Sowerby was indicted on charges related to Dunamis Global Technologies. [Continue reading…]

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

In fact, as I write this, all you can do on JokerX’s website is sign up or log in as an affiliate. The rest of the site is disabled.

Over on FaceBook we find Michael Sander referring to JokerX as his “own company”.

Back in the day Sander (aka Michi Sander), ran the pro-scam publication Obtainer Online.

BehindMLM first came across Sander (right) after Obtainer Online ran a puff-piece on ViziNova scammer Renato Rodriguez.

Prior to Vizinova’s launch in 2014, BehindMLM had been closely following Rodriguez’s participation in WCM777.

Both Vizinova and WCM777 were MLM Ponzi schemes.

ViziNova saw Sander migrate from just supporting scams in Obtainer Online, to assisting Rodriguez launch Vizinova.

Sander (right) signed on as Vizinova’s “Chief Consultant”.

ViziNova has engaged OBTAINER’s founder Michael Sander, who as chief consultant has developed the company structure and the set-ups.

In April 2014 Sander described Vizinova as

 a business concept that is coherent, transparent and profitable.

ViziNova isn’t a Ponzi scheme or a pyramid system because from the very outset Renato Rodriguez and Gutemberg dos Santos are demonstrating transparency.

As Vizinova began to collapse in early 2015, Sander distanced himself from the Ponzi scheme.

In March 2017 the SEC revealed it had charged Renato Rodriguez and Gutemberg Dos Santos with fraud, alleging Vizinova to be a $5 million dollar Ponzi scheme.

Rodriguez and Gutemberg settled the SEC’s charges.

They would continue to defraud consumers through AirBit Club, leading to their respective arrests and indictments in 2020.

Earlier this year Rodriguez was sentenced to twelve years in prison. Dos Santos received just over three years.

Another Ponzi scheme Sander supported through Obtainer Online was Bonofa.

Bonofa’s owners were arrested in Germany in May 2016. A month later what was left of the Ponzi scheme was fed into OneCoin.

BehindMLM last came across Sander through Baccarat Staking in 2021.

Baccarat Staking was a gambling themed Ponzi scheme that collapsed in March 2022. A Baccarat Academy reboot was announced but doesn’t appear to have gone anywhere.

After his gambling Ponzi schemes Sander resurrected Big Boy Cash, an alias he created in or around 2017.

In May 2022, a few months after Baccarat Staking collapsed, Sander paid Snoop Dogg an appearance fee and put out a music video.

I know art is subjective but I think we can all agree “Billionaire Cash” is truly awful.

Sander resides in Las Vegas, Nevada, from which is various schemes are operated from.

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 ITP Corp “click a button” app Ponzi has received a securities fraud warning from Washington.

In their December 15th warning, the Department of Financial Institutions (DFI) warns ITP Corp “appear(s) to be engaged in fraud”. [Continue reading…]

Maine headquartered Bangor Bank has denied having a partnership with TranzactCard.

The denial comes just days after TranzactCard corporate revealed Bangor Bank as their new US partner bank. [Continue reading…]

Finalmente Global liquidators have warned victims they have until December 30th to verify their personal details.

The looming deadline for Finalmente Global victims comes as liquidators claim their “legal representatives” [Continue reading…]

Infinity Pi initially launched on or around August 2023.

The original Ponzi scheme was built around Pi token and collapsed in October.

Shortly thereafter a reboot was announced, this time built around infinity token. [Continue reading…]

EXW Wallet co-founder Benjamin Herzog has pled guilty.

Herzog’s guilty plea was entered mid-trial, following damning testimony from his ex-girlfriend, [Continue reading…]

OnPassive has received a Ponzi fraud warning from Bangladesh.

As per the Bangladesh Bank’s December 12th warning, OnPassive is a “fraudulent Ponzi scheme” engaged in “embezzlement of large amounts of money”. [Continue reading…]

CoopInc, aka Cooperative Income or CoopIncome, fails to provide ownership or executive information on its website.

In one marketing video embedded onto CoopIncome’s website however, we see David T. Rosen presenting.

Rosen, a Canadian resident, first popped up on BehindMLM’s radar in 2015, as founder of the PIE 24/7 pyramid scheme.

In early 2018 Rosen launched Cooperative Crowdfunding, a matrix-based gifting scheme. This was followed by 50/50 Crowdfunding in late 2018.

In late 2019 Rosen rebooted 50/50 Crowdfunding as CoopCrowd.

After the first iteration of CoopCrowd collapsed, Rosen launched Coop5050 in late 2020.

Coop5050 began to collapse in late 2021, prompting Rosen to announce a CoopCrowd reboot.

CoopCrowd 2022 launched in early 2022 and collapsed mid-year.

In early 2023, Rosen launched CoopBusiness, a 3×10 matrix based pyramid scheme.

CoopBusiness lasted a few months, prompting Rosen to launch Coop20 in August.

Coop20 was expanded in October 2023, and it’s this iteration we’re reviewing today.

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

Cloud Computing VIP fails to provide ownership or executive information on its website.

Cloud Computing VIP’s website domain (“cloudcomputing.vip”), was privately registered on October 17th, 2023.

As of November 2023, SimilarWeb tracked ~437,000 monthly visits to Cloud Computing VIP’s website.

30% of Cloud Computing VIP’s website traffic originated from France, 29% was from Germany, 14% from Belarus and 8% from Russia.

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…]