The EminiFX Receivership has returned $76.8 million to Eddie Alexandre’s victims.

In a filed April 30th Status Report, the Receiver informed the court the EminiFX victim claim distribution will see “approximately $100,000,000” dispersed. [Continue reading…]

Following the revelation that Brent Kovar launched another Ponzi while on release for Profit Connect fraud, a court has imposed additional restrictions.

The DOJ had pushed for Kovar’s bail to be revoked, however the court stopped short of the request. [Continue reading…]

Cory Kromray, owner and CEO of Driven Trading, has been indicted on wire fraud and money laundering charges. [Continue reading…]

365 AI fails to provide ownership or executive information on its website.

365 AI’s website domain (“365-ia.net”), was privately registered on April 30th, 2025.

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…]

Vital Health operates in the nutritional supplements MLM niche. The company states it was founded in February 2022.

Although it provides a US address tied to a Wyoming shell company on its websites, Vital Health appears to be based out of and run from Mexico.

Vital Health operates from two primary website domains:

• vitalhealthglobal.com – privately registered on October 25th, 2021
• vitalhealthint.com – privately registered on March 15th, 2024

Heading up Vital Health is CEO and co-founder Tony Rodriguez (right).

Rodriguez’s Vital Health corporate bio credits him with involvement

in network marketing for over 15 years. He has built top producing teams and has helped countless individuals achieve success in the industry.

Possibly due to language barriers, I was unable to verify this claim.

Vital Health has appeared on BehindMLM previously in relation to two lawsuits;

1. Pruvit sued Vital Health in September 2024 alleging patent infringement
2. Melaleuca sued Vital Health and Alex Reynoso in August 2024, alleging Reynoso was cross-recruiting his former Melaleuca downline into Vital Health

Pruvit and Vital Health reached a settlement in March 2025. The outcome of Melaleuca’s lawsuit remains pending.

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

About a month ago “ibuum Team” sent out an email urging promoters to withdraw from their then active payment processor;

You have only 2 DAYS LEFT to withdraw your current commission balance before our payment system upgrade.

TO BE SPECIFIC: You only need to withdraw your funds from our current payout partner’s e-wallet.

If your funds are still showing in your ibuumerang back office, you do not need to do anything.

We are working to transition to our new payout partner as quickly after the 18th as possible.

The payment processor was i-Payout. A visit to iBuumerang’s i-Payout merchant page confirms the account has been disabled:

This was on or around April 18th. To date iBuumerang withdrawals remain disabled. [Continue reading…]

Gilbert Pardla and Gustav Poland have settled DagCoin fraud charges for “approximately 5000 euros”. [Continue reading…]

Armen Temurian is having trouble providing Vista Network trading proof.

Perhaps not surprising, given BehindMLM pegged Vista Network as a MLM crypto Ponzi back in 2017. This tracks with a CFTC investigation, which led to a $7 million fraud lawsuit. [Continue reading…]

Websea USDT fails to provide ownership or executive information on its website.

Websea USDT operates from two known website domains:

1. websea58usdt.vip – privately registered on April 2nd, 2025
2. web-sea567-usdt.com – privately registered on April 21st, 2025

If we look at the source-code of Websea USDT’s website, we find Chinese:

This suggests whoever is running Websea USDT has 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…]

Limdex fails to provide verifiable ownership or executive information on its website.

Limdex’s website domain (“limfex-capital.com”), was privately registered on November 1st, 2024.

On its website Limdex presents Mateo Lascar as its CEO:

The problem is Mateo Lascar doesn’t exist outside of Limdex’s website and marketing. This makes Mateo Lascar a prime Boris CEO candidate – that is to say Mateo is being played by an actor.

Over on Limdex’s official YouTube channel we find a typical Boris CEO rented office marketing video:

Notably the actor playing Mateo Lascar speaks Spanish and has been dubbed over. As for the video itself, it appears to have been shot in a Spanish-speaking country (“oficina” appears on one of the office doors).

Limdex’s rented office marketing video was uploaded to YouTube on January 9th, 2025. It appears the actor playing Mateo Lascar is long gone.

On April 15th, Limdex uploaded a new marketing video featuring “Daniel Carter”:

The actor playing Daniel Carter speaks with an eastern European accent. This ties into the vast majority of Boris CEO schemes being run by eastern European scammers (Russia, Ukraine and/or Belarus).

Update 11th May 2025 – A BehindMLM reader in the comments below has outed Limdex’s “Daniel Carter” as Russian actor Gulyavskiy Oleg:

Here’s Oleg modelling for Yandex Delivery in Moscow:

/end update

In an attempt to appear legitimate, Limdex provides company registration details for Limdex Capital Limited.

Limdex Capital Limited appears to have been registered in Canada and Delaware in November 2024 and February 2025 respectively.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

Although it should be obvious, Limdex is unlikely to have any actual physical presence in either Canada or the US.

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…]