The SEC has been granted permission to serve EmpiresX fugitives Emerson Pires and Flavio Goncalves via email. [Continue reading…]

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

ClickLancers’ website domain (“clicklancers.com”), was privately registered on Deember 31st, 2022.

In an attempt to appear legitimate, ClickLancers provides incomplete addresses in North Macedonia and the UK on its website.

ClickLancers also provides incorporation details for Click4Ads Media Solutions LTD.

Click4Ads Media Solutions LTD was incorporated in the UK on March 20th, 2023. Whether this company has anything to do with ClickLancers is unclear.

In any event, an MLM company operating or claiming to operate out of the UK is a red flag.

UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.

As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.

For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.

ClickLancers’ official FaceBook page is managed from India and the UK.

This strongly suggests whoever is running ClickLancers is based out India and the UK (a lot of Indians migrate to the UK).

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…]

Swedish authorities raided Crowd1’s corporate offices last November.

The previously unreported news was disclosed in a recent episode of Svenska Dagbladet’s paywalled Blenda podcast. [Continue reading…]

B-Love Network fails to provide executive or ownership information on its website.

B-Love Network’s website domain (“blove.network”), was privately registered on January 2nd, 2023.

In the footer of B-Love Network’s website, we learn the company is tied to Innovation Factory:

Innovation Factory operates from the domain “innovationfactory.biz”, privately registered on March 12th, 2021.

In the “projects” section of Innovation Factory’s website, we learn the company is also tied to:

• BFICoin – ethereum fork shitcoin
• BFICScan – BFIC blockchain explorer
• Dexa – NFT marketplace
• XchangeOn – in-house exchange
• BFIC Network – BFIC token staking and mining themed Ponzi scheme

BFIC Network operates from the domain “bficnetwork.com”, privately registered on August 9th, 2021.

BFIC Network appears to be the precursor to B-Love Network.

All of Innovation Factory’s various scheme’s official FaceBook pages are primarily managed from the UAE. This typically means Dubai.

B-Love Network’s official Facebook age adds Pakistan, which fits with the majority of B-Love Network marketing targeting Pakistan (and India by proxy).

On Innovation Factory’s FaceBook page, we learn that Omar Khan is the owner of the company:

Omar Khan (sometimes spelt Omer Khan), appears to be a Pakistani national hiding out in Dubai.

Khan doesn’t have a verifiable digital footprint prior to 2021. Khan’s FaceBook profile was only created in November 2021, and only features Innovation Factory related marketing.

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 B-Love Network, read on for a full review. [Continue reading…]

The collapsed NovaTech FX Ponzi scheme looks set to drag its exit-scam on for the foreseeable future.

With a previously set April 1st deadline approaching to provide access to invested funds, Cynthia Petion has now confirmed excuses will continue for “several more months”. [Continue reading…]

You were sued by the SEC for securities fraud in 2021. You just recently found the SEC is investigating you again for securities fraud.

Your Ponzi scheme has collapsed, you found out your partners in crime secretly used your company to launder millions for another Ponzi scheme, and you’re also in the middle of a lawsuit with said partners in crime.

What do you do?

Well… if you’re Oscar Garcia, you sign a payment processor contract with yet another Ponzi scheme. [Continue reading…]

NextGen, the thrice collapsed Ponzi scheme, held a marketing event in Cyprus between March 10th and 12th.

At the event My Car Club was revealed as NextGen’s new marketing funnel.

As NextGen’s Managing Director Paul Chalmers explained; [Continue reading…]

Billions Trade Club fails to provide ownership or executive information on its website.

Billions Trade Club’s website domain (“billionstradeclub.com”), was first registered in November 2021. The private registration was last updated on October 9th, 2022.

Prelaunch videos were uploaded to Billions Trade Club’s YouTube channel in July 2022. The company launched shortly thereafter.

While it doesn’t provide any specific information, Billions Trade Club does provide a photo of what it claims are “strategic management”:

Through additional research I’ve added Billions Trade Club’s management names in the caption above.

Other than him being a random crypto bro running something called “HamdenCorp”, I wasn’t able to get a reading on Shakin Hamden prior to Billions Trade Club.

Jorge Rodriguez was the Commercial Director of Smart Business Corp.

Daniel Ortiz and Ivan Velez were Smart Business Corp promoters.

Smart Business Corp is an Mexican MLM crypto Ponzi scheme. BehindMLM reviewed Smart Business Corp in May 2022, following its transition to cryptocurrency (which Rodriguez, Ortiz and Velez were very much part of).

SimilarWeb tracked just 13,000 visits to Smart Business Corp’s website as of February 2023. For an MLM Ponzi scheme, that’s as good as dead.

If I had to guess, the writing was already on the wall for Smart Business Corp in early 2022. This prompted Rodriguez, Ortiz and Velez to abandon ship and launch Billions Trade Club.

Billions Trade Club operates through Quantum Leap Company LLC, a shell company purportedly incorporated in St. Vincent and the Grenadines.

St. Vincent and the Grenadines is a scam-friendly jurisdiction with no known active enforcement of MLM related fraud.

As opposed to St. Vincent and the Grenadines, Billions Trade Corp is operated from Mexico. The company is primarily being pitched in Mexico and the Americas.

SimilarWeb currently ranks top sources of traffic to Billions Trade Club as Mexico (62%), Colombia (12%), the US (11%) and Brazil (11%). [Continue reading…]

The Financial Supervision Authority of Norway (Finanstilsynet), has issued an investment fraud warning against Be.

As per Finanstilsynet’s March 23rd warning; [Continue reading…]

An ongoing legal dispute between Ponzi scammers Armen Temurian and Phillip Piccolo has been settled.

As per a March 24th filing; [Continue reading…]