AI Lance fails to provide ownership or executive information on its website.

AI Lance’s website domain (“ailance.app”), was privately registered on May 8th, 2023.

In an attempt to appear legitimate, AI Lance provides Singapore shell company details for “AI Crypto Quant Strategies PTE. LTD.”

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence shell company registration in any jurisdiction is meaningless.

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 CFTC has secured default judgment against SAEG Capital General Management and Fredirick Safranko.

Following Entry of Defaults recorded against both SAEG and Safranko, default judgment was ordered on September 5th. [Continue reading…]

Kirill Medvedev has filed suit against Binance for allegedly freezing funds tied to the Nimbus Platform Ponzi scheme. [Continue reading…]

777.IN fails to provide ownership or executive information on its website.

777.IN’s website domain (“777.in”), was registered with bogus details back in 2005. The domain registration was last updated on April 12th, 2023.

777.IN’s current website went live sometime in late April. This suggests the current owners took possession of the domain on or around April 12th.

Of note is the previous website on the “777.in” domain was localized to Chinese.

This suggests Chinese admins are running 777.IN.

SimilarWeb tracked ~1.4 million visits to 777.IN’s website in August 2023. The majority of these visits came from Sri Lanka (53%), Botswana (12%), Singapore (6%), Italy (6%) and Bangladesh (5%).

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…]

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

Alterion’s website domain (“alterion.ltd”), was privately registered on July 20th, 2023.

In an attempt to appear legitimate, Alterion provides shell company registration details for “Alterion LTD”.

Alterion LTD was incorporated in the UK back in 2000. Given Alterion the MLM company has only existed for a few months, whoever is running Alterion appears to have misappropriated Alterion LTD’s details.

It should also be noted that whoever is behind Alterion is also behind other fraudulent investment schemes:

In total Google returns four results for the Alterion website script template:

1. DailyProfite (“dailyprofite.club”) – Ponzi scheme pitching a 200% ROI
2. Growex (“growex.top”) – Ponzi scheme pitching 1% a day
3. Alterion clone (“alterion.site”) – Ponzi scheme pitching 1% a day
4. Tencent Equity (“tencentequity.com”) – Ponzi scheme running older version of the script (same copy)

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…]

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

Use’s website domain (“usegz.com”), was privately registered on June 14th, 2023.

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

This strongly suggests whoever is behind Use has ties to China.

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…]

MyDaina stylizes itself as “MydA.Ina”. That’s awkwardly stupid though so we’ll run with MyDaina instead.

MyDaina fails to provide verifiable ownership or executive information on its website.

MyDaina does provide three fictional executives, none of whom exist outside of MyDaina’s own marketing.

MyDaina’s CEO, “Joaquin Canal”, appears to be BitBCN shitcoin CTO Juan Manuel Lanuza Belmonte:

“Rawad Nassar”, MyDaina’s VP of Sales, is definitely UK national Thaher Miah:

Miah is a Regional Director/Manager at Coinstore, a crypto exchange headquartered in Singapore.

I wasn’t able to confirm Juan Belmonte but Thaher Miah has committed to playing a fictional MyDaina executive:

Of the four videos on MyDaina’s YouTube channel, two are English presentations featuring Miah. The other two videos are a Korean presentation and marketing event held in Vietnam.

MyDaina doesn’t specify where it is operating from on its website.

MyDaina’s website domain (“mydaina.com”), was privately registered on July 22nd, 2023.

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…]

A September 21st sentencing guideline has recommended Michael Glaspie be sentenced to 46 to 57 months in prison (3.8 to 4.7 years).

Joint restitution of $54.6 million has also been tabled. [Continue reading…]

The thrice collapsed Gigamax Ponzi scheme is rebooting as Terramax.

Gigamax victims were migrated over between 3rd and 15th of September. Recruitment of new victims is scheduled to kick off in early October. [Continue reading…]

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

HappyLook’s website domain (“hglg.net”), was privately registered on March 14th, 2023.

In an attempt to appear legitimate, HappyLook provides a Colorado incorporation certificate for “HappyLook Limited”:

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

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

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

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…]