My Daily Choice’s Akashx trading investment scheme has collapsed.

In an undated communication from “Akashx Team” shared with BehindMLM, a “liquidity sweep” on gold is being blamed. [Continue reading…]

Onewiex fails to provide credible ownership or executive information on its website.

In an attempt to appear legitimate, Onewiex provides Canadian, Dubai and Hong Kong shell company certificates.

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.

Onewiex is purportedly headed up by CEO “Oliver Wilson”:

Wilson is played by Mikhail Eidelson (Михаил Эйдельсон), a fifty’ish year old Russian national from St. Petersburg.

Eidelson’s social media profiles were deleted prior to him signing on to play Oliver Wilson. This demonstrates some effort to conceal WIlson’s actual identity from Onewiex investors.

Pursuant to Onewiex pretending to be based out of Canada, its marketing videos feature stock footage of Canada combined with the usual rented office environments.

Everyone in Onewiex’s marketing videos speaks with an eastern European accent.

Of note is Onewiex’s FaceBook account being managed from Ukraine:

We also note a recently held Onewiex event in Dubai:

The majority of participants in the audience appear to be Asian. This suggests Onewiex is targeting their marketing at Asia.

Onewiex’s Korean dubbed marketing videos stand out as having more views than other languages.

Interestingly enough though, Onewiex’s website traffic doesn’t match its marketing efforts.

As of July 2023, SimilarWeb tracks top sources of traffic to Onewiex’s website as the Netherlands (20%), Saudi Arabia (17%), Croata (17%), the US (15%) and France (12%).

One explanation is that Onewiex launched in late 2022. Onewiex recruitment in Asia has already collapsed.

Putting all of this together, we have Russian scammers operating out of Russia, Ukraine and Dubai.

Boris CEO Ponzi schemes out of Russia and Ukraine are nothing new. Dubai meanwhile 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 Onewiex, read on for a full review. [Continue reading…]

U-Farm fails to provide ownership or executive information on its website.

U-Farm’s website domain (“co-ufarm.com”), was privately registered on February 20th, 2023.

If we look at the source-code of U-Farm’s website, we find Chinese:

This strongly suggests whoever is running U-Farm 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…]

Three of Jan Gregory’s MLM crypto Ponzi schemes have received fraud warnings from California’s Department of Financial Protection and Innovation.

As per an August 9th press-release, the DFPI has cited CloudFi, CoinMarketBull and Vortic United for “violations of California securities laws”. [Continue reading…]

Eddie Alexandre will pay $213,639,133 in restitution to EminiFX victims.

The CFTC’s civil EminiFX case has also been reopened. [Continue reading…]

A fourth robocall fraud lawsuit has been filed against Family First Life’s parent company, Integrity Marketing Group.

Plaintiff Aaron Rapp filed suit in Indiana back in June. [Continue reading…]

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

Zolttan’s website domain (“zolttan.com”), was privately registered on June 30th, 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…]

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

Gigamax’s current website domain (“ggmx.ai”), was privately registered on August 1st, 2023.

Previous defunct Gigamax website domains include “giga-max.online” and “gigamax.ai”.

There is a third website set up at “gigamax-ai.com” but I believe this is owned by recovery scammers (the website is basically a funnel to a dodgy Telegram channel).

SimilarWeb tracked ~1.1 million visits to Gigamax’s now defunct second .AI website domain in July 2023.

The majority of that traffic originate from Malaysia (76%), followed by Indonesia (10%) and Bangladesh (8%).

Names we can attach to Gigamax include:

• Dato Abak
• D’Ben Al Shariff
• Doz Khadri
• Hafiz Ali
• Capt. Adnan
• Tn. Shah
• Xifu Tharma
• Tycoon Syazwan

Gabema Academy is a Malaysian crypto education platform that seems to have gotten into bed with Gigamax.

It’s highly likely that Gigamax is being run out of Malaysia itself.

Local authorities are already aware of Gigamax. The Malaysian Securities Commission issued a Gigamax fraud warning on February 14th.

Of note is Gigamax’s marketing materials being created through “WPP 演示”, which appears to be a Chinese app.

This suggests Gigamax has ties to Chinese speakers (in Malaysia or elsewhere).

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…]

Newwalden Capital fails to provide ownership or executive information on its website.

Newwalden Capital’s website domain (“newwaldencapital.com”), was privately registered on March 11th, 2023.

Despite existing for only a few months, Newwalden Capital falsely represents it has been around since 2000.

Since 2000, we’ve earned the trust of 50,000 investors with straightforward products.

In an attempt to appear legitimate, Newwalden Capital provides a corporate address in California on its website.

A search of the address returns multiple businesses using the same address. This suggests the address is virtual in nature.

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…]

Intelligent Technology Pioneer Corporation, or ITP Corp, fails to provide ownership or executive information on their website.

ITP Corp’s website domain (“itpro.top”), was first registered in 2018. The private registration was last updated on May 26th, 2023.

Pinning down when ITP Corp launched is difficult.

ITP Corp’s YouTube account was created in 2018. Videos on the channel however are only backdated to November 2022.

This matches ITP Corp’s Telegram channel. The channel was created in 2018 but has been wiped dating back to November 2022.

From this was can surmise the current iteration of ITP Pro launched in November 2022.

On its website ITP Corp claims it “was established in Seattle, USA in 2013”.

In an attempt to support that claim, ITP Corp provides a shell company certificate for ITP Corporation.

ITP Corp was purportedly incorporated in Washington on November 18th, 2022.

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

As to who’s running ITP Corp, if we look at ITP Pro’s website source-code we find Chinese:

This strongly suggests whoever is running ITP Corp has ties to China. Typically this means they are operating out of Asia (mainland China, Hong Kong or Singapore).

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…]