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

PayFundFX’s website domain (“payfundsfx.info”), was privately registered on September 30th, 2023.

The footer of PayFundFX’s website is all over the place:

• despite only existing for a few months, PayFundFX backdates its website to 2018
• a bunch of text pertaining to Nexford Finance Group has been copy and pasted from another website
• the “Financial Conduct Authority in Australia” is cited, an entity that doesn’t exist
• PayFundFX represents it is based out of “Sydney, Australia”

The one marketing video on PayFundFX’s official YouTube channel is stock footage with robodub narration. This is typical of non-native English speaking admins.

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…]

Serial MLM crypto scammer Nicholas Coppola has been arrested in Italy.

Coppola had been hiding out in Dubai…

…but appears to have wanted to spend Christmas and the new year in his native Veneto.

Coppola was arrested by Italian financial police in Veneto on December 28th. [Continue reading…]

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

BitBest’s website domain (“bitbestdex.com”), was privately registered on June 26th, 2023.

On its website BitBest provides various certificates for Dubai shell companies.

This ties into BitBest representing it is based out of Dubai on social media.

With a bit of messing around, breaking BitBest’s website reveals it is run by someone who speaks Chinese.

Be it from Dubai or somewhere in Asia (typically Hong Kong or Singapore), whoever is running BitBest has ties to China.

As for 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.

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

Web3 Asset Trading fails to provide ownership or executive information on its website.

Web3 Asset Trading’s website domain (“webat12.com”), was privately registered on October 19th, 2023.

Of note is Web3 Asset Trading’s domain being registered through a Chinese registrar. Web3 Asset Trading’s website is also set to Chinese:

This strongly suggests whoever is running Web3 Asset Trading has ties to China.

In an attempt to hide ties to China, Web3 Asset Trading provides a shell company certificate for Web3 Asset Trading Ltd.

Web3 Asset Trading Ltd. was purportedly registered in Colorado on October 18th, 2023.

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.

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…]

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

Centure AI’s website domain (“centureai.com”), was privately registered on September 16th, 2023.

In an attempt to appear legitimate, Centure AI provides shell company details for Centure AI LLC in Kentucky.

We are excited to announce that we have officially registered as a Limited Liability Company (LLC) in the state of Kentucky, USA, under the name CENTURE AI LLC (Company registered no #1316221 United States).

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

As of November 2023, SimilarWeb tracked top sources of traffic to Centure AI’s website as Lativa (23%), Russia (15%) Poland (12%) and Brazil (10%).

It’s likely whoever is running Centure AI has ties to at least one of these countries.

Russia is a prime candidate. On December 12th, 2023, the Central Bank of Russia issued a Centure AI pyramid fraud warning.

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…]

It’s Only 25 Cents fails to provide ownership or executive information on its website.

It’s Only 25 Cents’ website domain (“itsonly25cents.com”), was privately registered on December 6th, 2023.

An official FaceBook group is linked from It’s Only 25 Cents’ website. The sole admin of the group is “Robert William”.

Robert William appears to be a dummy FaceBook account used to promote MLM Ponzi schemes.

Another name we can attach to It’s Only 25 Cents is Elton Potts.

Potts appeared on BehindMLM’s radar in 2022, as co-founder of It’s Only 5.

It’s Only 5 didn’t last long, but was enough to land Potts (right) a $10,000 securities fraud fine from Michigan.

ItsOnly5.com is a publicly available website that is not registered in any capacity and has not registered any securities offerings under the Securities Act in Michigan.

It is owned and operated by Elton Potts, an individual last known to be a resident of the State of Michigan

The naming could just be a giant coincidence, but otherwise Potts is likely involved in the running of It’s Only 25 Cents.

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…]

Erich Ely’s Trillant Ponzi scheme has collapsed.

In a December 27th “important notice” posted on its website, Trillant advised investors withdrawals have been disabled. [Continue reading…]

GSPro has received a fraud warning from Arizona.

As per the Arizona Corporation Commission’s December 27th investor alert; [Continue reading…]

USI-Tech co-founder Horst Jicha has been arrested in Florida.

Jicha was indicted under seal on August 23rd, 2023.

On December 21st, the DOJ filed a motion seeking limited unsealing of Jicha’s indictment.

The stated reason for the request was

for the limited purpose of disclosure to and by law enforcement personnel, including foreign authorities and the International Criminal Police Organization (“INTERPOL”), for use in locating or arresting the defendant.

On December 26th, the court ordered Jicha’s indictment be unsealed to the public. News of Jicha’s arrest in Florida broke a few hours ago. [Continue reading…]

Daily Mines, aka TheDM, MyDMFarms and TheDMFarms, fails to provide ownership or executive information on its website.

DailyMines’ current website domain (“thedm.cloud”), was privately registered on October 31st, 2023.

Daily Mines originally operated from “dailymines.com”, privately registered in August 2021.

DailyMines launched on its original .COM domain in or around June 2023. It’s not clear why DailyMines abandoned it original website domain.

Other secondary website domains associated with DailyMines include:

• dailymines.net – active domain, privately registered October 27th, 2023
• dailymined.ltd – active domain, privately registered October 27th, 2023
• dailymines.live – active domain, privately registered October 29th, 2023
• dailymines.tech – abandoned domain, privately registered October 30th, 2023
• dailymines.world – abandoned domain, privately registered October 30th, 2023
• dailymines.me – abandoned domain, privately registered through a Russian address on October 30th, 2023
• dailyminesglobal.com – abandoned domain, privately registered on October 21st, 2023
• dailyminesofficial.com – abandoned domain, privately registered in December 2022 (last updated December 19th, 2023)
• dailymineslive.com – abandoned domain, privately registered in December 2022 (last updated December 19th, 2023)
• joindailymines.com – abandoned domain, privately registered January 4th, 2023
• mydailymines.com – abandoned domain, privately registered October 26th, 2023
• dailyminesnetwork.com – abandoned domain, privately registered October 21st, 2023
• thedm.biz – active domain, privately registered November 2nd, 2023
• thedmfarms.com – abandoned domain, privately registered November 11th, 2023
• mydmfarms.com – active domain, privately registered on November 6th, 2023

There are likely other unknown DailyMines website domains.

As of November 2023, SimilarWeb tracked top sources of traffic to DailyMines’ primary .CLOUD website as India (82%), Slovenia (4%) and Canada (2%).

There’s a high probability whoever is running DailyMines has ties to India.

Russia is also a possibility. Over on YouTube we have actors with various accents playing DailyMines executives.

This is “Dean Thomas”, Daily Mines’ purported “Cheif Marketing Officer”.

Thomas is played by Jordan Florit, a UK national living in Venezuela.

Over on Twitter Florit cites himself as “USLC Scouting Consultant. International Relations at Andrade Sports Group. Author: ‘Red Wine & Arepas: How Football is Becoming Venezuela’s Religion’.”

Not really sure what he’s doing playing fake executive for sketchy MLM companies.

With the exception of “Ekatrina”, the rest of the actors that appear in DailyMines’ marketing videos appear to be Venezuelan locals.

While India remains a strong candidate, actors playing fictional executives is typically the work of eastern European scammers (Russia/Ukraine).

In an attempt to appear legitimate, DailyMines provides two addresses on its website; one in the UK and one in Thailand.

It’s unlikely DailyMines has anything to do with either address.

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…]