Tradixis has received a pyramid scheme fraud warning from Russia.

As per the Central Bank of Russia’s January 29th warning, Tradixis exhibits “signs of a financial pyramid”. [Continue reading…]

HyperFund co-founder Sam Lee and promoter Brenda Indah Chunga have been charged by the SEC.

The SEC cites HyperFund as a ~$1.7 billion dollar Ponzi scheme. This tracks with BehindMLM’s HyperFund review, published back in 2021. [Continue reading…]

TranzactCard has allegedly been breached.

As per a January 28th post on BreachForums, a new user going by “Aleksey_Petrov” is selling 48,000 credit card numbers submitted to TranzactCard. [Continue reading…]

HyperFund co-founder Sam Lee and promoters Rodney Burton and Brenda Chunga have been indicted.

Lee, aka Xue Lee and Samuel Lee, has been charged with conspiracy to commit securities fraud and wire fraud.

Burton has been charged with conspiracy to operate an unlicensed money transmitting business and operating an unlicensed money transmitting business.

Chunga, who has already pled guilty, has been charged with conspiracy to commit both securities and wire fraud. [Continue reading…]

Collapsed MLM crypto scams Safir International, Success Factory and The Blockchain Era, have grouped together as Xera.

The reboot was announced on January 24th, and revealed at an in-person marketing event in Dubai. [Continue reading…]

Mirror Trading International net-winners have been issued summons in South Africa.

The summons are part of liquidator’s efforts to claw back money paid to MTI’s top earners. [Continue reading…]

Investview’s former accounts have been fined $400,000 for filing dodgy audits with the SEC.

One individual accountant has also been fined $65,000 and barred from being associated with a registered public accounting firm. [Continue reading…]

E-Tik, aka E-TTiktok and E-Tiktok, fails to provide ownership or executive information on its website.

At time of publication, E-Tik has two known website domains:

• e-etiktok.com – privately registered on November 17th, 2023
• e-ttiktok.com – privately registered on November 17th, 2023

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…]

OneCoin money launderer Mark Scott, 55, has been sentenced to ten years in prison. [Continue reading…]

INT Football fails to provide ownership or executive information on its website.

INT Football’s website domain (“int-football.com”), was privately registered on December 22nd, 2023.

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…]