Alex Reinhardt trying to reboot collapsed Ponzi as Ultima
Serial Ponzi scammer Alex Reinhardt is trying to reboot his collapsed Ultima Ponzi scheme.
Reinhardt latest ruse sees him pitch a new Ultima “smart blockchain”. [Continue reading…]
Fundsz securities fraud warning from Ontario, Canada
Fundsz has received a securities fraud warning from Ontario, Canada.
As per the Ontario Securities Commissions November 6th warning, Fundsz [Continue reading…]
Mike Sims lies about CFTC fraud charges, deceives victims
In undated video footage that appears to be directed to OmegaPro victims, Michael Shannon Simms, has bizarrely denied the CFTC has filed fraud charges against him.
Sims, aka Mike Sims, is also appealing to OmegaPro victims to send him potentially incriminating evidence. [Continue reading…]
Jeremie Sowerby facing indictments for “other fraud schemes”
Serial MLM crypto scammer Jeremie Sowerby is facing multiple pending indictments.
The disclosure was made by the DOJ in a recent motion arguing for Sowerby’s ongoing detention, following his arrest on September 19th. [Continue reading…]
Paul Chalmers fronts My Wealth Club, NextGen Academy reboot
Following on from the collapse of NextGen Academy earlier this year, My Wealth Club has emerged as an official reboot. [Continue reading…]
Fabulous Global Venture Review: Not so fabulous lies
Fabulous Global Venture fails to provide verifiable ownership or executive information on its website.
A Fabulous Global Venture “Board of Directors” is presented, featuring people who have nothing to do with the company.
Fabulous Global Venture’s website domain (“fabulousglobalventure.io”), was privately registered on July 12th, 2023.
In the footer of Fabulous Global Venture’s website we find details for “Ping An”:
Ping An is a Chinese conglomerate based out of Shenzen. Worth ~$136 billion as of March 2021, Ping An is the world’s largest insurer.
Needless to say, there is no evidence Ping An has anything to do with Fabulous Global Venture.
Instead, we likely have Chinese scammers operating out of Vietnam.
SimilarWeb tracked just ~350 visits to Fabulous Global Venture’s website for September 2023. 100% of these visits originated from Vietnam.
350 monthly website visits tells us Fabulous Global Venture hasn’t taken off since July. The figure is so low that most of those visits are likely to be admin related.
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…]
The Shiny Ball Syndrome Review: Paul Darby discovers AI
The Shiny Ball Syndrome’s website presents a marketing video and signup form front and center.
No ownership or executive information is provided. Nor do any of the provided links suggest this information is provided.
If we click through to The Shiny Ball Syndrome’s “commission fees” link, we find references to “Paul Darby, Inc.”
BehindMLM first covered Paul Darby in 2013, as owner of the YouGetPaidFast gifting scheme. Back then Darby was launching various scams under Unimax Services branding.
After YouGetPaidFast collapsed, Darby continued promoting third-party scams to his victims.
Darby’s next MLM venture was Z System, launched in mid 2022. Z System was an email marketing tool attached to a pyramid scheme.
Darby’s YouTube channel reveals he stopped promoting Z System in late 2022. Other than that, Darby has used his YouTube channel to market various “new” marketing systems under various names.
The latest is some AI grift, through which Darby pitches a 2000% ROI in less than two months:
Marketing for The Shiny Ball Syndrome began about two months ago.
Read on for a full review of The Shiny Ball Syndrome’s MLM opportunity. [Continue reading…]
Kristijan Krstic arrested in Georgia, extradited to the US
Wanted fugitive Kristijan Krstic was arrested on February 2023 in Batumi, Georgia.
Krstic’s arrest followed a request for extradition from the US who, unknown to us, had learned of Krstic’s whereabouts. [Continue reading…]
USDT Pool Review: Staking model MLM crypto Ponzi
USDT Pool fails to provide ownership or executive information on its website.
USDT Pool’s website domain (“usdtpool.io”), was privately registered on June 23rd, 2023.
In an attempt to appear legitimate, USDT Pool provides a UK shell company certificate for USDTPool LTD.
The UK’s FCA banned MLM crypto investment schemes on October 8th, 2023. Such to the extent USDT Pool has any actual ties to the UK, the company operates illegally.
In addition to the UK, USDT Pool also provides a corporate address in Australia. Both addresses are unlikely to have anything to do with USDT Pool.
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…]
SKP Mine Review: Cloud mining “click a button” app Ponzi
SKP Mine (aka Skip Cloud Miner and SK Pools), fails to provide ownership or executive information on its website.
SKP Mine’s website domain (“skpools.pro”), was privately registered on June 3rd, 2023.
If we look at SKP Mine’s website source-code, we find the site is localised to Chinese.
This strongly suggests whoever is running SKP Mine has ties to China.
Note that although it is being run by Chinese scammers, SKP Mine is primarily targeting the Philippines.
SimilarWeb currently ranks the Philippines as the top source of traffic to SKP Mine’s website (16% for September 2023, down 87% month on month). SKP Mine official marketing material is also presented in Philippine peso equivalents.
Other sources of SKP Mine traffic include Indonesia (13%), Egypt (12%), Russia (7%) and Turkey (7%).
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…]
