BitSports has been issued an emergency cease and desist order from the Texas State Securities Board (TSSB).

TSSB issued the November 9th order after confirming BitSports is committing securities fraud. [Continue reading…]

Following a webinar last month that detailed securities fraud through NFTs, CashFlow NFT co-founder Micah Theard wanted to “get more detail on certain things and less detail on others”.

Micah held another webinar on November 8th, this time covering MetaTerra. [Continue reading…]

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

HertzCar’s website domain (“hertzcar.live”), was privately registered on June 6th, 2023.

If we look at HertzCar’s website source-code we find Chinese:

This strongly suggests whoever is running HertzCar has ties to China.

It should be noted that while it is being run by Chinese scammers, website traffic analysis from SimilarWeb reveals HertzCar is primarily being promoted in Kenya (36%), the US (28%), Finland (20%) and Canada (17%).

I also came across HertzCar marketing for Pakistan during my research.

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…]

Last month Lyoness announced it was filing for bankruptcy in Europe.

Now it’s been revealed the MLM Ponzi scheme is drowning in ~$110 million in debt. [Continue reading…]

As part of TranzactCard’s launch events, co-founder Richard Smith has reportedly resigned as CEO.

One would think a co-founder stepping down warrant an official announcement, but as far as I can tell TranzactCard hasn’t made one. [Continue reading…]

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

ClickFlow’s website domain (“clickflow.life”), was privately registered on September 18th, 2023.

Update 31st January 2024 – ClickFlow is also operating from the domain “clickflow.vip”, privately registered on November 2nd, 2023. /end update

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…]

Whizz Network operates in the gambling MLM niche. The company provides a corporate address in the UK on its website.

Given Whizz Network’s marketing encompasses “blockchain-based games”, NFTs, a “blockchain lottery and “metaverse”, it should be noted that the FCA banned MLM crypto investment schemes on October 8th, 2023.

Such to the extent Whizz Network has any actual ties to the UK, it would appear to be operating illegally.

Whizz Network’s marketing materials cite Mark Davis as CEO of the company.

BehindMLM recently came across Davis as CEO of AladdinBot, an AI trading bot ruse Ponzi scheme.

Not really sure what the story is there.

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 Whizz Network is unclear.

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

ITP Corp’s iPhone Ponzi app has been removed from Apple’s Store.

The removal follows Google also removing ITP Pro’s Ponzi app in September.

As they did back then, ITP Corp is trying to cover up the removal under the guise of maintenance. [Continue reading…]

BluPrint Worldwide operates in the AI trading bot MLM niche.

The company is based out of Texas and run by CEO Bwana Thurman.

Thurman (right) appears to have started off his MLM career as an Isagenix distributor, after which came Travelution and Vasayo.

Vasayo declined throughout 2022, leading to it shutting down in February 2023.

Alongside his MLM career, Thurman also ran Momentum Training Company.

Videos on Momentum Training Company’s official YouTube channel date back seven years. The majority of videos have less than 100 views each.

During Vasayo’s decline in 2022, Thurman fell down the MLM crypto Ponzi rabbithole.

COTP was a daily returns MLM crypto Ponzi that launched in late 2021.

COTP collapsed in May 2022, resulting in widespread consumer losses.

Bonanza Global was a Boris CEO Ponzi scheme launched in mid 2022.

Bonanza Global collapsed in February 2023, resulting in widespread consumer losses.

After either losing money in MLM crypto Ponzi schemes or causing others to through promotion, Thurman has now launched BluPrint Worldwide.

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

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

Banqiro’s website domain (“banqiro.io”), was privately registered on May 9th, 2023.

Formation of Banqiro began with Alex Reinhardt registering trademarks in the EU in January and February 2023.

Next came Banqiro GMBH, a German shell company Reinhardt registered in March 2023. Fronting Banqiro GMBH is Jurgen Dieter Mischke.

Banqiro GMBH feeds into ALMA GmbH, another German shell company registered to Alex and his sister Maria Reinhardt.

Alex Reinhardt began MLM crypto Ponzi scamming as an investor in SwissCoin (circa 2015-2016).

When that collapsed he got into running Ponzi scams himself, first with PlatinCoin in 2017.

PlatinCoin collapsed in late 2019. Reinhardt eventually rebooted as PlatinWorld in mid 2021.

PlatinWorld saw platincoin abandoned in favor of PlatinCoin Ultima (PLCU).

The PLCU iteration of Reinhardt’s Ponzi scheme collapsed in late 2022. This prompted a reboot of the PLCU iteration in January 2023.

As PLCU began to immediately collapse, PLCUC was launched to keep the scam going.

PLCUC collapsed within a few months. This marked the end of Reinhardt’s MLM crypto Ponzi scamming, until he resurfaced with Ultima a few months ago.

Ultima is the fifth reboot of the Ponzi scheme Reinhardt started with PlatinCoin. And alongside Ultima, we also have Banqiro.

Reinhardt registered Banqiro’s official Twitter profile as “BNQTech” in August 2023. In September, Reinhardt created Banqiro’s official Telegram and YouTube channels.

Currently Banqiro  is primarily being pitched to German-speakers as a presale of BNQ token. Banqiro’s website suggests BNQ’s presale is scheduled for April 2024.

That said, early investors (Reinhardt’s inner-circle of scammers), are already able to promote Banqiro and BNQ through a “seed sale”.

In addition to Alex Reinhardt, specific names we can also attach to Banqiro include Shahab Ganji:

And Roshan Indran:

Shahab Ganji is a German serial promoter of MLM crypto Ponzi schemes:

In the FaceBook post above Ganji is promoting Omnia Tech, a collapsed MLM crypto Ponzi.

Roshan Indran is also a German serial promoter of MLM crypto Ponzi schemes. BehindMLM reader Melanie has tied Roshan to USI-Tech and Ponzi promoter Steven Wagner (OneCoin and EXW Wallet).

While Ganji and Indran appear to be based out of Germany, Alex Reinhardt, also believed to be a German national, fled to Dubai in 2021.

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