Tori Belle’s Chapter 11 bankruptcy has been converted into a Chapter 7 liquidation.

The order for the conversion was made on November 9th, following a motion filed by the court-appointed Trustee.

Whereas in a Chapter 11 bankruptcy a business restructures debt in order to continue operating, a Chapter 7 is a liquidation. [Continue reading…]

OneCoin executive Irina Dilkinska has pled guilty to wire fraud and money laundering.

Following an original not guilty plea, entered after her extradition from Bulgaria in March 2023, Dilkinska pled guilty to charges in a November 9th superseding indictment. [Continue reading…]

Marlon and LaShonda Moore, owners and operators of the BINT gifting pyramid scheme, have been indicted.

Criminal charges filed in Texas allege BINT defrauding “thousands of participants” out of “more than $10 million”. [Continue reading…]

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

AladdinBOT’s website domain (“aladdinbot.io”), was privately registered on September 9th, 2023.

In an attempt to appear legitimate, AladdinBOT provides a UK company registration certificate for “Aladdinbot Limited”.

As per AladdinBOT’s website FAQ;

Which deposit methods do you accept?

ETHEREUM, BITCOIN, BNB(BSC), USDT (TRC20, ERC20 AND BEP20)

It should be noted that the FCA banned MLM cryptocurrency investment schemes on October 8th, 2023. This means that, such to the extent AladdinBOT has any actual ties to the UK, the company is operating illegally.

As opposed to the UK, AladdinBOT marketing material suggests ties to Dubai;

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.

BehindMLM’s guidelines for Dubai are:

1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
2. If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

To get to the bottom of who’s running AladdinBOT, we turn to YouTube.

In a marketing video uploaded to AladdinBOT’s official YouTube channel on November 11th, Mark Davis is cited as CEO.

In the video Davis, believed to be an Australian national, claims he’s currently in Bali, Indonesia.

BehindMLM first came across Davis in AI Trade Ponzi marketing videos, circa 2018.

Davis worked in AI Trade with RV Palafox. The pair would go on to launch PGI Global in 2020.

PGI Global was an MLM an MLM crypto Ponzi scheme pitching 200% returns. It’s collapse in 2021 is believed to have resulted in millions of dollars in consumer losses.

In October 2021 BehindMLM confirmed a US criminal investigation into PGI Global. Since then however there have been no further updates.

RV Palafox, believed to hold dual US and Philippine citizenship, has not been seen in public since PGI Global’s collapse. Mark Davis appears to have fled Australia for Indonesia.

Whether RV Palafox is involved in AladdinBOT is unclear.

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

Genios Club fails to provide ownership or executive information on its website.

Genios Club has two known website domains:

1. geniosclub.net (already abandoned) – privately registered on November 3rd, 2022
2. geniosclub.team – privately registered on August 13th, 2023

“Genios” is Spanish for “genius”. This tracks with SimilarWeb reporting, as of October 2023, 93% of Genios Club’s website traffic originating from Spanish speaking Colombia.

Spain is the only other notable source of Genios Club website traffic, making up the remaining 7%.

Although not guaranteed, it’s highly likely Genios Club is being run by someone in or with ties to Colombia (or at the very least a Spanish speaking country).

One name we can definitively attach to Genios Club is Wilson Acero.

Acero fronts Genios Club marketing and, according to his FaceBook profile, is from Bogota, Colombia.

Prior to Genios Club, Acero was promoting Generation Zoe (cycler Ponzi, 2021), Forsage (another cycler Ponzi, 2020) and Vida Divina (2018).

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…]

Authorities in Rosario, a city in Argentina, have charged seven Generation Zoe money launderers.

Following four arrests last year, this brings the total number of Generation Zoe suspects charged in Rosario to eleven. [Continue reading…]

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 has received a securities fraud warning from Ontario, Canada.

As per the Ontario Securities Commissions November 6th warning, Fundsz [Continue reading…]

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…]

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…]