AVBOB Dream Team Review: Rameez Jakoet’s new MLM
AVBOB Dream Team fails to provide ownership or executive information on its website.
AVBOB Dream Team’s website domain (“avbob.app”), was registered in December 2022. The private registration was last updated on August 1st, 2023.
AVBOB Dream Team’s official FaceBook page was created on February 15th, 2023. This gives us an approximate launch date.
A marketing video on AVBOB Dream Team’s website homepage features Rameez Jakoet.
Jakoet is known to BehindMLM as a top promoter of Berry Trading.
Berry Trading was a “click a button” app Ponzi that targeted South Africa. The scam collapsed on around May 2nd, resulting in widespread consumer losses.
Such to the extent Jakoet is involved in the running of AVBOB Dream Team is unclear. The marketing video featuring him was uploaded to AVBOB Dream Team’s official YouTube channel on August 8th.
While who is running AVBOB Dream Team isn’t specified, we can confirm it’s a South African MLM company targeting South Africans.
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…]
Golden Farm Review: Ponzi dressed up as bird egg game
Golden Farm fails to provide ownership or executive information on its website.
Golden Farm’s website domain (“golden-farm.biz”), was first registered in December 2016. The private registration was last updated on October 2nd, 2023.
As of November 2023, SimilarWeb tracked top sources of traffic to Golden Farm’s website as Venezuela (18%), Iraq (17%), Bulgaria (16%), Brazil (13%) and France (5%).
Of note is Golden Farm’s use of Yandex Money and specific Russian credit card processors. This strongly suggests whoever is behind Golden Farm has ties to 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…]
Third Bitsolives Ponzi scammer arrested in India
Indian authorities have arrested a second Bitsolives suspect.
As reported by the Time of India, Prashant Brahmbhatt was arrested returning to India from Dubai on Wednesday, December 6th. [Continue reading…]
GSPartners to suspend investor accounts over KYC
GSPartners’ latest ploy to disable investor accounts is KYC.
Despite not caring about KYC since it launched in 2020, GSPartners has advised investors they have until December 15th to comply.
Investors to who fail to provide GSPartners with photo ID and other personal documents, run the risk of their accounts being “temporarily suspended”. [Continue reading…]
Youngevity shares revoked following Securities Act violations
Youngevity has had their securities revoked as part of a settlement reached with the SEC.
This includes Youngevity’s shares, which previously traded under the ticker YGYI. [Continue reading…]
GSPartners securities fraud C&D from Mississippi
GSPartners has received a securities fraud cease and desist order from Mississippi.
The December 6th order also applies to GSPartners’ owner Josip Heit, and local Mississippi promoter Richard L. Shoto. [Continue reading…]
Youngevity closes 8 Minute Trader forex opp
Youngevity has ended its foray into 8 Minute Trader.
In a communication sent out to members, Youngevity advised it had
made the decision to close the 8 Minute Trader project, effective November 14, 2023.
ITP Corp securities fraud warning from UK
Two weeks after the Ponzi scheme collapsed, the UK has finally issued an ITP Corp securities fraud warning.
As per the FCA’s December 5th warning, ITP Corp [Continue reading…]
Wings Mobile Review: Antonio Milio’s pyramid scheme
Wings Mobile fails to disclose ownership or executive information on its website.
Wings Mobile’s marketing material cites Antonio Milio as its founder and CEO.
Milio first appeared on BehindMLM back in 2021, as CEO of the BitWings Ponzi scheme.
Bitwings marketed itself as a division of Wings Mobile, built around the BWN ERC-20 shit token. Since our 2021 review, Bitwings has collapsed.
According to his social media profiles, Milio is based out of Spain. This tracks with Wings Mobile primarily targeting Spanish-speaking countries. Wings Mobile’s website also defaults to Spanish.
As of October 2023, SimilarWeb currently tracks top sources of traffic as Peru (9%), Belize (7%), the US (6%), Vietnam (6%) and Colombia (6%)
In our BitWings review, we did note Wings Mobile but were unable to research due to hidden compensation details.
Having sourced a copy of Wings Mobile’s compensation plan in English, we’re now able to publish a review.
Read on for a full review of Wings Mobile’s MLM opportunity. [Continue reading…]
Neo Zentech: Neo Group acquires collapsed Zeniq Ponzi
Founded in 2020, My Neo Group pitches itself as a “vanguard in fintech and asset management”.
Following the recent acquisition of Zeniq Technologies, they’re now also owners of a fraudulent investment scheme. [Continue reading…]
