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

In fact at time of publication, Arbcore’s website is nothing more than a promoter registration/sign up form:

Arbcore’s website domain (“arbcore.app”), was privately registered on January 13th, 2026.

Of note is Arbcore’s official Telegram channel defaulting to Russian:

Over on YouTube we find Vladislav Stefanov citing  Arbcore’s CEO as “Evgeny Levin”:

Levin appears to be some random Russian/Ukrainian shooting cellphone videos in an apartment.

Vladislav Stefanov is a Bulgarian national who, when it isn’t getting blown up, hides out in Dubai. Stefanov represents he is in Thailand at time of publication.

Stefanov cites himself as an Arbcore “Global Ambassador”:

Stefanov promotes Arbcore as part of Unity, a fraudulent investment scheme feeder he runs with Aderly Dupont.

Aderly Dupont last popped up on BehindMLM’s radar as President of the Athena Group Ponzi scheme.

Launched in mid 2025, Athena Group’s website has since been disabled.

As of February 2026, SimilarWeb was tracking ~38,200 monthly Arbcore website visits.

Over the same period top sources of Arbcore website traffic were Ukraine (42%), Belgium (30%) and Germany (19%).

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…]

Quebec’s Autorité des marchés financiers (AMF) has secured a securities fraud order against InovoCB. [Continue reading…]

Gary Peckham, an accomplice of serial MLM Ponzi fraudster Kristijan Krstic, has been arrested. [Continue reading…]

Be Club (aka Better Experience), SageMaster and DeepSage have received a securities fraud warning from the Norwegian Consumer Authority (Forbrukertilsynet). [Continue reading…]

Bobby Gray has confirmed a federal investigation into TexitCoin by the SEC.

Speaking on the latest March 24th “Texit Coin Miner Update” webinar, Gray revealed “something I’ve been keeping a secret for a while now”; [Continue reading…]

ByDzyne launched in 2019 with a grossly overpriced smartwatch offering.

Since then ByDzyne has ditched the technology niche, opting to instead focus on travel, auto, plastic patches, training and education and ecommerce.

At the request of a reader, today BehindMLM revisists ByDzyne for an updated 2026 review. [Continue reading…]

Following weeks of hyping up investment on the promise of a casino acquisition, Aintuition has collapsed.

Withdrawals are disabled and Aintuition is blaming a purported $30 million fraudulent transaction. [Continue reading…]

Reach Solar has collapsed.

Instead of being upfront about the state of the business however, Reach Solar claims it’s “going through a solar eclipse”.

Following a reader request, I added Reach Solar to BehindMLM’s review list a few weeks ago. It came up for review today but my comp plan bookmark came back 404. [Continue reading…]

Thirty-two promoters of the QNet MLM pyramid scheme have been arrested in Hyderabad. [Continue reading…]

The Happy Co. has collapsed amid claims promoters have not been paid for months.

On or around March 21st, The Happy Co. sent out a Brand Partners “important update”; [Continue reading…]