Redwood Scientific Technologies owner Jason Edward Thomas Cardiff has been arrested.

Cardiff’s arrest was on November 26th, following his indictment under seal in March 2022 (not a typo).

After his arrest, Cardiff’s indictment was unsealed on November 27th.

In relation to the Redwood Scientific Technologies civil fraud case the FTC filed in 2018, Cardiff has been charged with public corruption, aggravated ID theft and mail and wire fraud. [Continue reading…]

The One Cent fails to provide ownership or executive information on its website.

The One Cent’s website domain (“theonecent.com”), was privately registered on September 19th, 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…]

Yunus Loop Defi fails to provide ownership or executive information on its website.

Yunus Loop Defi’s website domain (“yunusloopdefi.com”), was privately registered in November 2022.

Interestingly a December 2022 Wayback Machine snapshot of Yuni Loop Defi’s (non-functional) website, reveals the language was set to Chinese.

Yunus Loop Defi’s functional website went live in or around April 2023, signalling the company’s launch.

For October 2023, SimilarWeb tracked top sources of traffic to Yunus Loop Defi’s website as Indonesia (19%), Russia (6%), Guatemala (6%), Thailand (6%) and Brazil (5%).

This tracks with Yunis Loop Defi claiming it targets the “marginalized poor in underdeveloped regions of the world.”

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…]

Bossa App fails to provide ownership or executive information on its website.

Bossa App has two known website domains:

1. bossaapp.com – privately registered on March 24th, 2023
2. bossaapp.de (abandoned) – registered on June 15th, 2023

For October 2023, SimilarWeb ranked top sources of traffic to Bossa App’s website as Germany (38%), Poland (23%) and Switzerland (15%).

Bossa App targeting Germany hasn’t gone unnoticed by German authorities.

Back in September BaFin announced it was investigating Bossa App for securities fraud. The warning was updated on November 15th to include BossTech and Bossa Technology.

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…]

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

RRT’s first website domain (“rrt.cc”), was first registered in 2014. The private registration was last updated on December 12th, 2022.

Through the Wayback machine we can see the domain was parked with a Chinese registrar prior to December.

It appears whoever is running RRT purchased the domain on or around December 2022.

RRT’s second website domain (“rrt2.cc”), was privately registered on October 17th, 2023. This is around the time RRT launched.

If we look at the website source-code for the support section of RRT’s website (second domain), we find a reference to Baidu:

Together with the previous Chinese registrar and reference to Baidu, whoever is running RRT appears to have ties to China.

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…]

Alex Reinhardt’s Banqiro Ponzi scheme has collapsed.

In an update posted to Telegram, Reinhardt confirmed Banqiro promoters had failed to recruit new victims. [Continue reading…]

The ITP Corp Ponzi scheme has collapsed. Withdrawals were disabled five days ago, with no official explanation provided.

Instead of explaining why withdrawals are disabled, ITP Corp relentlessly pushed a 100% match “Thanksgiving” deposit bonus. [Continue reading…]

Florida’s November 17th GSPartners securities fraud cease and desist order comes in at two hundred and eighty-six pages.

Thankfully most of that is evidentiary exhibits of GSPartners’ alleged fraud. What the order also contains though is two affidavits from Florida’s Office of Financial Regulation’s agents, detailing undercover investigations into GSPartners.

So far BehindMLM has documented nine GSPartners regulatory fraud warnings from US regulators. This is the first time we’ve seen insight into how the investigations are conducted. [Continue reading…]

GSPartners and owner Josip Heit have received a securities fraud cease and desist from Florida.

Florida’s Office of Financial Regulation’s two hundred and eighty-six page November 17th order names eight respondents; [Continue reading…]

GSPartners and owner Josip Heit are named respondents in a temporary cease and desist order, issued by the Arizona Corporation Commission (ACC).

Following an internal investigation into GSPartners and Heit, the ACC determined “public welfare requires immediate action”.

The Securities Division, in coordination (with) other regulatory agencies from the United States and Canada, is entering this Temporary Order to Cease and Desist to stop the parties from inflicting immediate and irreparable public harm.

As per the ACC’s November 16th order; [Continue reading…]