Verse Network has received a securities fraud warning from Russia.

As per the Central Bank of Russia’s August 2nd warning, Verse Network exhibits [Continue reading…]

Quintessential Business Network (QBN), fails to provide ownership or executive information on their website.

Further research reveals QBN marketing citing three “global presences”:

• Dubai is a red flag because it’s the MLM crime capital of the world
• the British Virgin Islands is a red flag because it’s a tax haven with no active MLM securities fraud regulation
• the UK is a red flag because registering shell companies there is trivial

The same marketing cites four QBN founders; Anwaar Qureshi (CEO), Farid Ladhani (MD), Maher Awad (CFO) and Tariq Ausaf (COO).

Each of QBN’s co-founders are former top earners in the collapsed BizzTrade Ponzi scheme.

BizzTrade began as BizzTrek, an Amazon knock-off pyramid scheme run by Rehan Gohar, Rizwan Gohar (brothers) and Gurpreet Dhaliwal.

Note that Dhaliwal is cited as QBN’s Chief Advisory Officer.

BizzTrek collapsed by the end of 2019, prompting the Gohar brothers to reboot as BizzTrade.

BizzTrade was initially a forex Ponzi scheme. By mid 2020 forex had been swapped out for crypto.

The “BizzCoin” iteration of BizzTrade collapsed in late 2021. This prompted a third reboot as BizzTrade Pro in early 2022.

BizzTrade Pro collapsed after a few months. A fourth NextGen Academy reboot was launched on or around April 2022.

NextGen Academy lasted about a year. In early 2023 a My Car Club spinoff was launched but that appears to have already collapsed.

QBN’s website domain (“myqbn.com”), was privately registered on July 4th, 2022. It appears QBN’s co-founders bailed shortly after the BizzTrade Pro reboot.

One country you won’t find openly associated with QBN is the US. This is strange, seeing as each of QBN’s co-founders appear to have ties to Texas.

That said, whether QBN’s co-founders are still in the US or whether they’ve fled to Dubai full-time is unclear.

At time of publication SimilarWeb tracks top sources of traffic to QBN’s website as the Netherlands (71%), the US (20%) and India (6%).

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…]

E-Creator was a typical “click a button” Ponzi targeting Zimbabwe.

Run through a mobile app, E-Creator’s ruse was “clicking a button” to create fake product orders.

Remarkably, after E-Creator collapsed Zimbabwean authorities were able to make an arrest.

A Chinese national and two local accomplices were caught at the airport trying to flee the country. [Continue reading…]

KZ1 has been sold to Kannaway for $5 million.

Kannaway’s parent company Medical Marijuana revealed the acquisition in an August 1st press-release. [Continue reading…]

Xaindex has received a pyramid fraud warning from Russia.

As per the Central Bank of Russia’s August 1st warning, Xaindex exhibits “signs of a financial pyramid”. [Continue reading…]

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

The “events” section of CannaGlobe’s website referenced Marty Hale, who on FaceBook cites himself as CannaGlobe’s founder and CEO.

Why this information isn’t presented on CannaGlobe’s website is unclear.

Hale has an MLM history dating back to the 1980s. Hale’s published bio cites him as

• a distributor of Excel Communications (1989 – 1995)
• a consultant for PrePaid Legal (1996)
• a speaker for ACN (1998)
• co-founder and CEO of Net Lifestyles (1999 – ???)

Hale appears to have left the MLM industry for most of the 2000s. His bio details multiple contractor and executive positions.

In 2009, Hale returned to MLM as Chief Strategy Officer of the Trump Network. After that Hale held a number of MLM executive positions;

• distributor and executive (CEO and CMO) with Momentis (2011 – ???)
• President of bHip (2013 – ???)
• Chief Ambassador for Viridian (2014 – ???)
• founder of LIVIT International (2016 – ???)

In 2018 Hale returned to Terry LaCore and got involved in a number of LaCore Enterprises MLM companies (bHip Global is owned by LaCore Enterprises).

These include Liv Labs (2018) and Ignite VIP (2020).

CannaGlobe launched in 2018 and operates through the Colorado shell company CG Companies LLC.

The same Texas address used to register CG Companies is tied to Livit International, a travel company owned by Marty Hale.

I wasn’t able to verify if Lacore Enterprises had an ownership stake in CannaGlobe. I’m leaning towards no as LaCore is typically straightforward when setting up MLM companies he has an ownership stake in.

What I can confirm is LaCore Labs appear to be a product formulator for some of CannaGlobe’s products.

Both CannaGlobe and Marty Hale are based out of Texas.

Read on for a full review of CannaGlobe’s MLM opportunity. [Continue reading…]

Matrix Win fails to provide ownership or executive information on its website.

Matrix Win’s website domain (“matrix.win”), was privately registered on June 23rd, 2023.

Of note is the footer of Matrix Win’s website containing links pointing to BNB Matrix.

BNB Matrix’s website domain (“bnbmatrix.live”), was privately registered on May 9th, 2023.

BNB Matrix itself is/was a BNB matrix-based Ponzi cycler.

For all intents and purposes, Matrix Win appear to be a reboot of BNB Matrix.

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…]

NewEra Community fails to provide ownership or executive information on its website.

In fact as I write this, here’s what NewEra Community’s website looks like:

Despite being active on social media and soliciting investment, NewEra Community is hiding its website from the public.

Further research reveals NewEra Community’s CEO is Salman Sardar:

Back in the day, Sardar made a name for himself in ACN:

At some point Sardar transitioned into MLM crypto fraud, reappearing as a top earner in the BizzTrade Ponzi scheme.

BizzTrade began as BizzTrek, an Amazon knock-off pyramid scheme run by Rehan Gohar, Rizwan Gohar (brothers) and Gurpreet Dhaliwal.

BizzTrek collapsed by the end of 2019, prompting the Gohar brothers to reboot as BizzTrade.

BizzTrade was initially a forex Ponzi scheme. By mid 2020 forex had been swapped out for crypto.

The “BizzCoin” iteration of BizzTrade collapsed in late 2021. This prompted a third reboot as BizzTrade Pro in early 2022.

BizzTrade Pro collapsed after a few months. A fourth NextGen Academy reboot was launched on or around April 2022.

NextGen Academy lasted about a year. Traffic to NextGen Academy’s website has fallen off since the Ponzi side of the business collapsed.

SimilarWeb tracked ~99,000 visits to NextGen Academy’s website in June 2023. This is down 23% month on month, with 86% of traffic originating from Columbia (traffic from Columbia alone is down 76% month on month).

In early 2023 a My Car Club spinoff was launched. Website traffic data from SimilarWeb suggests it too has already collapsed.

The Gohar brothers appear to have gone into hiding. BehindMLM readers have suggested NewEra Community is a fifth reboot run by the Gohar brothers. I wasn’t able to confirm this.

If the Gohar brothers are running NewEra Community above Salman Sadar, this is being kept secret for now.

NewEra Community marketing suggests Sadar is based out of the UK. On some level however NewEra Community has maintained the ties to Dubai the Gohar brothers’ various Ponzi schemes had:

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 NewEra Community, read on for a full review. [Continue reading…]

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

PeradoxPro’s website domain (“peradoxpro.com”), was privately registered on March 1st, 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…]

Plexus has settled allegations of mail fraud for $600,000.

As per a civil case brought by the DOJ, Plexus [Continue reading…]