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…]

CryptoFamily’s NFT grift, launched after their initial Ponzi collapsed, is branded as “OurFamily”.

OurFamily launched on a new domain, registered on November 20th, and its website includes nauseating “family” references. [Continue reading…]

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

In Merobit’s marketing materials, “Manny Stalomn” is cited as founder and CEO.

Stalomn doesn’t exist outside of Merobit’s marketing material. Furthermore he appears to be represented by an AI generated image.

Merobit’s website domain (“merobit.net”), was privately registered on October 24th, 2023.

As of October 2023, SimilarWeb tracked top sources of traffic to Merobit’s website as Germany (12%), the US (12%), Trinidad and Tobago (7%), the Bahamas (7%) and Spain (7%).

In an attempt to appear legitimate, Merobit provides a UK company registration details for Merobit LTD.

Of note is the UK’s FCA issuing a Merobit securities fraud warning on November 30th, 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’s Irina Dilkinska has consented to a $111,440,000 monetary judgment.

The judgment follows Dilkinska’s guilty plea last month. [Continue reading…]

The SEC has been ordered to explain why it shouldn’t be sanctioned in the ongoing Debt Box & iX Global case.

As noted by the court, at the hearing to dissolve the TRO (the TRO was dissolved in October),

the court highlighted several of the Commission’s representations supporting the TRO Application the court believed were false or misleading.

The misrepresentations pertain to date ranges Debt Box began transferring investor funds outside of the US. [Continue reading…]

Nimbus Platform’s Andrea Zenon has been arrested by Spain’s Civil Guard.

Zenon’s December 1st arrest follows an investigation into Nimbus Platform by the Central Operation Unit, which determined around 112 million euros in consumer losses. [Continue reading…]

Infinity2Global Ponzi promoter Dennis Dvorin has been sentenced to 12 months in prison.

Dvorin’s sentence was handed down on November 22nd, following a November 17th guilty plea to one count of securities fraud. [Continue reading…]

A top promoter and net-winner in GSPartners is a scheduled presenter at Go Pro Xperience 2023.

Go Pro Xperience is an event put on by veteran MLM industry figure Eric Worre. [Continue reading…]

FVP Trade has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC).

As per ASIC’s November 8th warning, FVP Trade [Continue reading…]

Daisy Global has received a securities fraud warning from the British Columbia Securities Commission (BCSC).

BCSC cites Daisy Global as [Continue reading…]