Richard Maike, Doyce G. Barnes and Faraday Hosseinipour will pay back over $10 million dollars in Infinity2Global restitution.

As per a June 6th restitution order; [Continue reading…]

Several Defendants in the ongoing TelexFree class-action have entered mediation proceedings. [Continue reading…]

Profit Connect victims will soon be able to file claims with the court-appointed Receivership.

On June 13th, the Profit Connect Receiver’s proposed claims submission process received court approval. [Continue reading…]

Following his arrest in Spain back in late 2020, Santi Fuentes has been charged in relation to ArbiStar.

Spanish prosecutors allege ArbiStar was a $92 million plus Ponzi scheme. [Continue reading…]

Verse Network fails to provide ownership or executive information on its website.

Infact, as I write this, Verse Network’s website domain is disabled. Access to the MLM opportunity is through an “app” subdomain, which redirects to an affiliate signup form.

Verse Network’s website domain (“verse-corp.com”), was privately registered on April 18th, 2023.

Further research reveals Verse Network marketing citing Brice van den Bussche as a “founding member” of Verse Network.

I’ve also seen Bussche cited as Verse Network’s CEO.

Someone left out of Verse Network’s marketing is co-founder Joseph Paillant.

Multiple BehindMLM readers have pegged Brice van den Bussche (right) and Joseph Paillant as the actual owners of the collapsed Mainet Ponzi scheme.

I suspect Paillant has been intentionally left out of Verse Network’s marketing because, at least officially, he was Mainet’s Vice President of Sales.

Again, I wasn’t able to definitively link Brice van den Bussche but, generally speaking, where there’s smoke there’s fire.

What I was able to definitively confirm is Bussche’s long history of MLM Ponzi scamming.

In early 2016 Bussche was promoting BeOnPush:

BeOnPush collapsed in July 2016 and was rebooted as BeOnTel.

Bussche was also a promoter of the Fort Ad Pays Ponzi scheme.

The SEC sued Fort Ad Pays and owner Pedro Fort for $38 million in 2017.

I don’t know what Bussche was up to in 2018, but in 2019 her returned to Ponzi scamming with Magnus Capital Center.

A BehindMLM reader pegged Bussche as the “real admin behind Magnus Capital Center” in April 2019.

Magnus Capital Center collapsed in June 2019. In July 2019 BeTrader, the precursor to Mainet, surfaced in Dubai.

BeTrader collapsed on or around October 2019. It was rebooted as BeTrader Academy, another short-lived Ponzi scheme.

Update 3rd July 2023 – In early to mid 2022 Bussche launched Netbox TV, a short-lived pirate streaming pyramid scheme. /end update

That brings us to Mainet, which launched in mid to late 2022. BeTrader, BeTrader Academy and Mainet were all fronted by Romanian national Ciprian Ciceu.

Ciceu seems to have been ditched for Verse Network.

Last month Autorite des Marches Financiers added Mainet to France’s securities fraud blacklist. This coincided with Mainet disabling withdrawals and collapsing earlier in May.

In the lead up to Mainet’s collapse, Brice van den Bussche fled Europe for Dubai in on or around May 6th.

Joseph Paillant appears to have already been in Dubai as a result of his involvement in Mainet.

A few weeks after Mainet collapsed, Verse Network was announced.

Verse Network is incorporated through a shell company in Cyprus but is operated from Dubai.

This isn’t a coincidence, Dubai is 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 Verse Network, read on for a full review. [Continue reading…]

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

BoUSDT’s website domain (“bousdt.org”), was first registered on March 16th, 2022. The private registration was last updated on May 6th, 2023.

Update 10th September 2023 – BOUSDT also operates from the domain “bousdt.cc”, first registered in March 2022.

The private .CC registration was last updated on May 5th, 2023. /end update

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

This strongly suggests whoever is running BoUSDT 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…]

The Turbo “forex bot” investment scheme has collapsed.

Following months of non-payment, Turbo has announced a $10,000 “private club” reboot. [Continue reading…]

Carnelian12 has collapsed.

Investors in the Ponzi scheme are claiming non-payment of withdrawals since late May. [Continue reading…]

Crowd1 has exit-scammed Sweden through a good old fashioned bankruptcy.

As reported by SvD in a paywalled June 12th article, Crowd1’s Swedish shell company, Impact Crowd Technology Scandinavian AB, filed for bankruptcy on Friday, June 9th. [Continue reading…]

Following ~2 months of withdrawal issues, Maxpread Technologies has collapsed.

The Russian scammers running the Ponzi are trying to keep it together. Meanwhile former CEO and frontman Jan Gregory has thrown his partners in crime under the bus. [Continue reading…]