Joshua David Nicholas has copped a $300,026 judgment in the SEC’s EmpiresX civil fraud case.

As per an April 19th order approving Nicholas’ Consent Judgment; [Continue reading…]

VidiLook’s collapse has gone from bad to worse, following news over 10,000 investor accounts have been disabled.

KYC has also been implemented to keep disabled accounts inactive. [Continue reading…]

We Are All Satoshi operates in the MLM cryptocurrency niche.

The company’s website domain (“wearesatoshi.org”), was privately registered on April 5th, 2023.

Front and center on We Are All Satoshi’s website is notorious Ponzi scammer Sam Lee:

With partner in crime Ryan Xu, Lee launched HyperCash, HyperCapital, HyperFund and Hyperverse – all Ponzi schemes in which the majority of investors lost money.

After those Hyper* Ponzi schemes came HyperNation and HyperOne, although Lee’s direct involvement in those follow-ups is less clear.

Lee spent most of 2022 hiding in his Dubai apartment. Originally from Australia, Lee fled to the MLM crime capital of the world in 2021 as HyperFund took off.

In late 2022 Lee reemerged with StableDAO. Aimed at victims of Lee’s previous scams, StableDAO pitched an 11% a month return.

StableDAO also served as a scam incubator platform, through which Lee has launched StableOpinion and VidiLook.

StableOpinion failed to gain any significant traction. VidiLook did but collapsed on April 21st.

Fresh off VidiLook’s collapse we now have We Are All Satoshi, marking Lee’s third StableDAO spinoff.

Read on for a full review of We Are All Satoshi’s MLM opportunity. [Continue reading…]

Validus co-founder Mansour Tawafi has issued a statement begging investors to keep recruiting despite withdrawals being disabled. [Continue reading…]

Maxpread Technologies and suspected co-owner Jan Gregory Cerato have received a securities fraud warning from California’s DFPI.

As per an April 19th order, Maxpread Technologies and Cerato have been accused of securities fraud.

Effective immediately, Maxpread Technologies and Cerato have been ordered to cease doing business in California. [Continue reading…]

Infiniteline Global fails to provide ownership or executive information on its website.

Infiniteline Global’s website domain (“infinitelineglobally.com”), was registered on May 18th, 2022.

Ebenezer Chukwuebuka is listed as the owner, through an address in Rivers, Nigeria.

The email address used to register Infiniteline Global’s website starts with “thatmayodude”.

Update 2nd May 2023 – Ebenezer Chukwuebuka has been in touch to advise he is a web developer who built the Infinityline Global website for a client.

The client is Sunday “Sunnydays” Paul, believed to also be a resident of Nigeria. /end update

Although it appears to be operated from Nigeria, Infiniteline Global claims it’s

a leading global conglomerate made up of subsidiaries … founded and established in Switzerland with corporate offices in the UK.

Also despite only existing for a few months at best, Infiniteline Global falsely claims it was “founded in 2020”.

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…]

Sam Lee’s VidiLook Ponzi scheme has collapsed.

Withdrawals have been disabled pending a baloney exit-scam, which sees Sam Lee sell Vidilook to… himself. [Continue reading…]

SpanoTech Global operates in the cryptocurrency MLM niche.

The company uses stock photos to represent fictional executives on its website:

Below you can see the same stock photo used by a university circa May 2022;

Up until a few days ago, SpanoTech Global operates from the website domain “spanotech.world”. This domain was privately registered on January 27th, 2023.

SpanoTech Global now operates from “spanotechglobal.com”, privately registered on April 18th, 2023.

SpanoTech Global operated from its original domain since March 1st.

No explanation for the sudden switch is provided on SpanoTech Global’s website or social media profiles.

In another attempt to appear legitimate, SpanoTech Global provides a corporate address in California on its website. The address doesn’t exist.

It’s a bit hard to ignore the numerous spelling and grammatical mistakes on SpanoTech Global’s website. This suggests whoever put SpanoTech Global together isn’t a native English speaker.

Further supporting this is the presence of Oromo in SpanoTech Global’s website source-code.

Oromo is a language from Africa, specifically Ethiopia and northern Kenya.

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…]

Youngevity has advised distributors that it will be abandoning its acquired Jamberry Nails, Beneyou and Mialisia nail care and jewelry product lines. [Continue reading…]

The Validus Ponzi scheme has collapsed.

In an April 20th Telegram group post, Validus informed investors that withdrawals have been disabled. [Continue reading…]