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

Axneb’s website domain (“axneb.com”), was privately registered on February 10th, 2023.

In an attempt to appear legitimate Axneb provides a corporate address in London, UK on its website.

This address corresponds to a random shopfront that doesn’t appear to have anything to do with Axneb. It is unlikely Axneb has any actual ties to the UK.

SimilarWeb currently tracks top sources of traffic to Axneb’s website as Russia (22%), Brazil (9%), the US (9%) and Italy (5%).

On April 3rd, the Central Bank of Russia issued an Axneb pyramid fraud warning.

Although not definitive, this is a decent indication that Axneb has ties to Russia.

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…]

Mosaic Alpha operates in the cryptocurrency MLM niche.

Mosaic Alpha fails to provide a corporate address on its website. The company’s website Terms and Conditions states:

This Agreement and your access to and use of the Site will be governed by the laws of the British Virgin Islands.

This is a red flag due to the BVI being a tax haven with no active MLM fraud related regulation.

Mosaic Alpha’s marketing material cites Evo Dynamic LLP, a shell company purportedly incorporated in Canada.

Cited as Mosaic Alpha’s “core team” on its website, we have co-founders Attila Vidakovics and Peter Molnar.

Vidakovics and Molnar are known to BehindMLM as executives of Ilgon, a reboot of the collapsed Ilgamos Ponzi scheme.

BehindMLM reviewed Ilgon in June 2021. Since then both Ilgon and the attached ILGON shitcoin have collapsed.

Total Ilgon victim numbers and how much was lost to Vidakovics and Molnar are unknown.

In a nutshell, Vidakovics and Molnar are typical crypto bros with a string of failed projects under their belts – Ilgon now being one of them.

Both Vidakovics and Molnar are based out of Hungary. As opposed to the BVI or Canada, Hungary is where Mosaic Alpha is being operated from.

It should be noted that Mosaic Alpha’s Canadian shell company, Evo Dynamic LLP, corresponds to Novalus Prime.

Evo Dynamic LLP is present in the footer of Novalus Prime’s website. Novalus Prime also features in Mosaic Alpha marketing material:

A visit to Novalus Prime’s website reveals the company is in prelaunch:

This suggests a possible Mosaic Alpha reboot is already in the works. For reference, Mosaic Alpha only launched last November.

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

CryptoProgram has been ordered to cease trading in British Columbia, Canada.

The British Columbia Securities Commission issued the order after CryptoProgram was confirmed to be committing securities fraud. [Continue reading…]

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

Liquidix’s website domain (“liquidix.io”), was privately registered on February 16th, 2023.

One name we can tie to Liquidix is Alex Meurer, aka AM Crypto.

Meurer, originally from Germany, has spent the last few years living in Ukraine and Dubai.

I couldn’t find any mention of Liquidix on AM Crypto or any of Meurer’s social media profiles. At first I thought Liquidix might have misappropriated his name and YouTube brand.

With a bit more digging I came across an April 2023 Liquidix marketing video…

…in which Meurer states;

I’m really looking forward to the launch of Liquidix tomorrow.

Tomorrow is the launch, I really cannot wait to get everyone on board and to enjoy the profits that we can make all there together.

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.

If you want to know specifically how this applies to Liquidix, read on for a full review. [Continue reading…]

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

Lusate’s website domain (“lusate.com”), was first registered in 2015. The private registration was last updated on April 11th, 2023.

Lusate’s current website was created between March and May 2021. I believe the website sat dormant until the attached MLM opportunity, details of which are completely absent on Lusate’s website, was launched relatively recently (late 2022, early 2023).

Even if we take Lusate’s website creation date at face value, the company has thus been around for a maximum of two years.

On its website Lusate falsely claims it was “founded in 2011.

As to who is running Lusate, our first clue is the use of Yandex Translate on its website.

Website traffic to Lusate’s website began to pick up in March 2023. In April 2023 SimilarWeb tracked 98% of Lusate website traffic originating from Belarus.

For reference, Lusate website traffic was dead in February 2023. In March it was still negligible, climbing to around ~7000 total visits for April.

Belarus being the primary source of that traffic and use of Yandex Translate, strongly suggests Lusate is being operated by eastern Europeans. Typically this means Russians and/or Ukrainians.

In an attempt to appear legitimate, Lusate provides a corporate address in Ireland on its website.

This address is currently being used by the company Slack. The address has nothing to do with Lusate.

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…]

OneCoin’s current highest ranking promoter has quit the Ponzi scheme.

Instead of just admitting there’s nobody left to scam, Cordel King Jayms is citing “personal reasons”. [Continue reading…]

Fintoch has received a securities fraud warning from Singapore.

The Monetary Authority of Singapore added Fintoch to its Investor Alert List on May 4th. [Continue reading…]

NovaTech FX has added the US and Canada to its list of “restricted areas and regions”.

Practically speaking the move means little but it’s the loudest acknowledgement of securities fraud yet. [Continue reading…]

Herbalife has settled fraud allegations pertaining to its “Circle of Success” events for $12 million.

Herbalife has also agreed to stop misleading consumers by making changes to its corporate policies. [Continue reading…]

The SEC alleges Root Wellness founder Clayton Thomas stole $730,000 from an investor back in 2019.

Rather than defend the SEC’s charges, Thomas has opted for a settlement.

As alleged by the SEC in their May 9th Complaint, Thomas told the investor funds ‘would be used to purchase certain medical devices called the TM-Flow System.’ [Continue reading…]