BlueSky Film fails to provide ownership or executive information on its website.

BlueSky Film’s website domain (“bluesky-film.com”), was privately registered on April 17th, 2023.

On the desktop version of BlueSky Film’s website, if you click the “app” button on their home page, you’re redirected to a fraud message:

This message is hosted on a Chinese website domain. We can additionally confirm BlueSky Film’s ties to Chinese speakers via their website source-code.

Rather than acknowledge its ties to China (or Chinese scammers operating out of south-east Asia), BlueSky Film represents itself as “PT BlueSky Indonesia”.

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 Apex Power fails to provide ownership or executive information on its website.

The Apex Power’s website domain (“theapexpower.com”), was privately registered on December 16th, 2022.

Over on The Apex Power’s official YouTube channel, we find marketing videos featuring founder “Lahm Andreas”.

It’s the usual rented office production, featuring several non-native English speaking actors.

“Lahm Andreas” is actually Axel Capurro. Back in the day Capurro was the frontman for Italian heavy metal band ANEWRAGE.

That’s Capurro second from the right.

Still not convinced? Here’s a a screenshot from a The Apex Power marketing video, against a recent March 12th photo from Capurro’s personal Instagram profile:

The Apex Power marketing video was uploaded to YouTube on March 21st. You can see  Capurro’s wristband and ring are the same in both shots.

Originally from Italy, Capurro moved to Colombia sometime after ANEWRAGE disbanded in January 2021.

This is from the caption of a song Capurro uploaded to YouTube in January 2021;

Original song written during the really hard time I’ve been waiting to see my love again.

She is Colombian and I’m Italian and we’ve waited for each other for 8 months without the possibility to stay together until november 2020.

Capurro married his partner in Colombia in June 2021.

I’m assuming the rest of The Apex Power executive cast are Colombian nationals, or at the very least Colombian residents too.

The Apex Power’s official FaceBook group is managed from India.

The use of South American based actors with Indians managing social media is an emerging MLM Ponzi trend.

Recent examples BehindMLM has come across include Bitrobix and Mitotic Money, both collapsed.

Boris CEO Ponzi schemes are typically the work of Russians and/or Ukrainians.

While I can’t say for sure, I believe the same organized group of eastern European scammers are behind the recent South American Boris CEO scams.

In an attempt to appear legitimate, The Apex Power provides a corporate address in Scotland. The company doesn’t appear to have any actual ties to Scotland.

In further attempts to appear legitimate, The Apex Power provides incorporation certificates for various shell companies in Scotland, Romania, Canada, the UK, Pakistan and Uganda.

Due to the ease with which scammers can incorporate shell companies with bogus info, basic incorporation in any jurisdiction is meaningless when it comes to MLM due-diligence.

Finally, despite only existing for a few months, The Apex Power falsely claims to have “launched our company in 2019”.

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…]

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

Tecmactrade’s website domain (“tecmactrade.com”), was privately registered on July 1st, 2022.

Tecmactrade uploaded a Boris CEO marketing video to its official YouTube channel on January 2nd, 2023.

The video features a Russian dub-over, non-native English speaking actors and photoshopped office building footage.

All three of TecMacTrade’s presented executives feature in the video, but only “Kenneth White” speaks.

The other two are dubbed over with a Russian man speaking English. I’m putting this down to “Benjamin Turbin’s” and “Harold Wilson’s” accents not being camera ready.

Kenneth White has an Indian accent and doesn’t seem fussed she’s been given a traditionally male name.

In his spare time “Harold Wilson” likes to model clothing for Indian retailers:

The location for Tecmactrade’s rented office space marketing video is IHDP Business Park in Noida, Uttar Pradesh.

To cement our Russian connection to Tecmactrade we first have this guy walking about in the video:

Very Boris looking, sticks out like a sore thumb and of course isn’t given a speaking role.

And then we have Russian language laptops given to the actors:

Putting all of this together, Tecmactrade is run by Russians and we have a classic Boris CEO marketing video shot in India.

Indians have also been hired to manage Tecmactrade’s official FaceBook page:

In an attempt to hide Tecmactrade’s Russian origins, the company provides bogus corporate addresses in the US, New Zealand and UK on its website.

Shell company certificates for Tecmactrade LLC and Tecmactrade Limited in the US and New Zealand respectively, are also provided.

For the purpose of MLM due-diligence, basic incorporation in any jurisdiction is meaningless. This is due to the ease with which scammers can incorporate shell companies with bogus information.

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 PMPMine “click a button” app Ponzi has collapsed.

Yesterday the scam pulled both its websites and disabled its app, leaving investors in the dark. [Continue reading…]

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

CapitalX’s website domain (“capitalx.pro”), was privately registered on March 7th, 2023. CapitalX marketing videos on their website feature dubbed over stock footage.

In an attempt to appear legitimate, CapitalX provides incorporation details for Capital X Limited.

Capital X Limited was incorporated in the UK on March 7th.

In the footer of CapitalX’s website, the company states;

Capital X Limited is a Registered Cryptoasset firm and is registered with the UK Financial Conduct Authority.

A search of the FCA’s publicly accessible database reveals Capital X Limited is not registered with the FCA. It appears CapitalX is attempting to pass off basic incorporation as registration with the FCA.

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.

CapitalX also provides a “capital loss protection” document, purportedly procured from Berkshire Hathaway Speciality Insurance.

This document appears to be forged, by way of

• awkwardly placed logos at the bottom
• font size disparity
• spacing inconsistencies and
• no names appearing on the document

For reference I’ve provided a copy of the bogus document below (click to enlarge):

One name we can peg to CapitalX is Alisher Bekmuratov.

Bekmuratov’s name appears as the author for CapitalX’s one-page marketing presentation (right).

I ran a search for Alisher Bekmuratov and came across several hits in Kyrgyzstan, Uzbekistan and Russia. I only have a name to go on so can’t definitively identify CapitalX’s Bekmuratov, but it’s clear it’s an Eastern European name.

This suggests whoever is running CapitalX has ties to eastern Europe.

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…]

Björn Strehl, OneCoin founder Ruja Ignatova’s ex-husband, has been charged with money laundering.

German prosecutors from Darmstadt have completed their investigation into Strehl. Their findings have now been forwarded to Darmstadt’s Regional Court. [Continue reading…]

The ClickLancers Ponzi scheme has collapsed.

Following a switch to weekly withdrawals on May 1st, ClickLancers pulled its website sometime over the past 24 hours. [Continue reading…]

Bulgarian crimelords and their associates are targeting whistleblower journalists exposing links between OneCoin, Bulgarian organized crime and local authorities.

Instead of investigating OneCoin and the ongoing criminal activities surrounding the Ponzi scheme, Attorney General Ivan Geshev frames whistleblower reports as “an alleged plot to incriminate him and high-ranking magistrates and police officers”. [Continue reading…]

The HyperMood Ponzi scheme has collapsed.

Withdrawals were disabled on May 4th, after a “black hole” fairytale exit-scam news update. [Continue reading…]

The Receiver representing EmpiresX in Florida, has submitted a proposed settlement to the SEC.

The settlement is before the SEC’s Commissioners, who typically take 6 to 8 weeks to accept or reject. [Continue reading…]