Former UFC fighter Khabib Nurmagomedov looks set to attend Validus’ V-Con Ponzi event in Dubai.

The marketing stunt appears to be an attempt to distract Validus investors from disabled withdrawals. [Continue reading…]

Jawa Eye fails to provide ownership or executive information on its website.

Jawa Eye represents it is headquartered in Indonesia…

…but also provides additional incorporation certificates for the UK and Singapore on its website.

• PT Jawa Internet Film Indonesia was purportedly registered in Indonesia on July 28th, 2022
• Lead Tech Group International Pty Ltd was purportedly registered in Singapore on March 24th, 2022
• Labon Brother LTD was purportedly registered in the UK on July 15th, 2022

Whether Lead Tech Group International and Labon Brother even have anything to do with Jawa Eye is unclear.

In any event, for the purpose of MLM due-diligence, basic incorporation in any jurisdiction is meaningless.

This is due to the ease with which scammers can register shell companies with bogus information.

Jawa Eye has four known website domains:

• “jawaeye.com” – privately registered on July 17th, 2022
• “jawaeyevipam.com” – privately registered on July 19th, 2022
• “jawaeyes.com” – privately registered on July 28th, 2022
• “jawaeyeo.com” – privately registered on September 9th, 2022

Traffic to all of Jawa Eye’s websites was dormant until February 2023. This coincides with recruitment in Pakistan taking off.

As of March 2023, the vast majority of traffic to all of Jawa Eye’s websites originates from Pakistan.

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…]

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

EcoLine’s website domain (“ecoline.ltd”), was first registered in January 2021. The private registration was last updated on December 23rd, 2022.

This appears to be when EcoLine’s owners took possession of the domain, with EcoLine’s current website going live on or around February 2023.

In an attempt to appear legitimate, EcoLine provides UK incorporation details for Ecoline-LTD Group Limited on its website.

An MLM company operating or claiming to operate out of the UK is a red flag.

UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.

As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.

For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.

EcoLine’s official presentation is titled in Kazakh:

This suggests someone from and/or with ties to Kazakhstan is behind the company.

Other possibilities where Kazakh is commonly spoken include China’s Xinjiang Uyghur Autonomous Region, Mongolia, Tajikistan, Turkmenistan, Uzbekistan, and Afghanistan.

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…]

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

Incomation operates from a subdomain hosted on Kartra (“incomation.katra.com”).

Kartra markets itself as “the greatest all-in-one platform ever”. Kartra is part of Genesis Digital LLC, a US company run by CEO Sarah Jenkins.

As far as I can tell, whoever is running Incomation is a client of Kartra’s – there’s otherwise no direct connection between the two companies.

Update 18th May 2023 – As of a few days ago Incomation’s Katra website went down.

As of a few hours ago, new Incomation front-end website has been set up on SamCart. /end update

At the bottom of Incomation’s website are a series of links under the heading “Connect with our Founder”.

These links lead to various social media profiles of Jamie Divine.

According to his FaceBook profile, Divine is a Canadian national living in the Philippines.

Before he launched Incomation, Divine was an Eaconomy promoter.

Eaconomy launched in 2019. The company came about after Hassan Mahmoud and wife Candace split from convicted fraudster David Mayer.

Before Eaconomy the Mahmouds and Mayer ran Silver Star Live. Both Silver Star Live and Eaconomy were MLM companies built around an AI forex trading bot.

The Mahmouds settled Silver Star Live commodities fraud charges with the CFTC in 2019. In 2021 the CFTC secured a $15.6 million judgment against David Mayer, again for Silver Star Live commodities fraud.

Eaconomy collapsed in 2020. In 2021 there was a brief Eaconomy reboot through Jeremy Reynolds’ Beyond.

That lasted a few months before Beyond itself collapsed and was sold off to My Daily Choice.

In early 2021 Eaconomy was rebooted for a a third-time, with the same AI forex trading bot ruse.

Eaconomy’s website is still up as of April 2023 but there’s not much going on.

Here’s a quote from Jamie Divine as he was launching Incomation;

Are you done with building up projects just to have them crash and burn?

Are you tired of companies that don’t have your best interests at heart?

Sick of being used for your networks and then left in the dust?

Are you fed up with over-promising and under-delivering?

Well, I have some exciting news for you!

We are introducing a revolutionary new AI trading system that leverages prop firm funds, but with a heart for the clients AND affiliates.

I know that was a lot of backstory to get back to Incomation. I’ll go over why I took the time to cover Eaconomy’s origins in-depth in the conclusion of this review.

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

The NexusICO Ponzi scheme has collapsed.

Withdrawals have been disabled and NexusICO has locked down its social media profiles. [Continue reading…]

Zylo Trade has received a securities fraud warning from the British Columbia Securities Commission.

As per the BCSC’s April 27th warning; [Continue reading…]

As part of civil liquidation proceedings, the High Court of South Africa has ruled Mirror Trading International was a Ponzi scheme. [Continue reading…]

The CFTC has secured a $3.4 billion default judgment against Mirror Trading International CEO Johannes Steynberg.

The judgment makes Mirror Trading Trading International the biggest CFTC fraud case ever involving bitcoin.
[Continue reading…]

Earlier this week we reported on the arrest of BitRobot admin Claude Barthelemy.

BehindMLM can now confirm Arnaud Racine’s arrest in Belgium. [Continue reading…]

Three Californian Plaintiffs have sued Premier Financial Alliance for alleged violations of Californian Labor Law. [Continue reading…]