Three Canadian DFRF Enterprises promoters have been fined $956,000.

The enforcement action, initiated by the British Columbia Securities Commission, comes eight years after US authorities took action against the Ponzi scheme.

[Continue reading…]

Stock Mageworld fails to provide ownership or executive information on its website.

Stock Mageworld’s website domain (“stock-mageworld.com”), was privately registered on April 29th, 2023.

Despite only existing for a few months, on its website Stock Mageworld falsely claims it has been around for six years.

If we look at the source-code of Stock Mageworld’s website, we find a reference to Unique HYIP Designs:

Unique HYIP Designs sells Ponzi scripts and “HYIP Packages”.

“HYIP” stands for “high yield investment program”. This is code for “Ponzi scheme”.

Unique HYIP Designs sells a “HYIP Manager” Ponzi script for $166. Cheaper website templates and “exclusive themes” are also available.

Based on its website domain registration, Unique HYIP Design has been flogging scam scripts since late 2018.

Unique HYIP Designs’ Facebook page itself is owned by “Mijanur Rahman”.

On its Facebook page Unique HYIP Designs represents it is based out of Dubai. The WhatsApp support number provided on Unique HYIP Design’s website however is a number from Bangladesh.

Once purchased, Unique HYIP Designs’ scripts are run on a standalone server:

What do you get? Theme content (.zip file).

How to install? Download the template .zip file; Upload it to your hosting/server; Then extract it.

This appears to be how Mega Capital has been set up.

Stock Mageworld’s website is a lazy HTTP copy of Deer Capitals.

A marketing video on Stock Mageworld’s website is hosted on a YouTube channel bearing the name “Kriptolic Cyprus”.

A number of marketing videos for various schemes appear on the channel:

Deer Capitals, Roitronix, Elevation Firm, Capital Treasure, Global Finance, FX Minning LTD, Coin Stack Invest, Dex Finance, Investopedia Investment INC, Capital Gains, Charter Trade Finance, Mutual Gain Trade Limited, Alliance Growth Limited, Mondex Insured Company, Growth Affirm, Global Markets Online and Kriptolic all appear to be Unique HYIP Designs Ponzi schemes.

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…]

BeeKonnected fails to provide ownership or executive information on its website. At least not directly.

Marketing videos on BeekKonnected’s website reveal the company was cofounded by Tonya Hofmann and Johnny “JR” Read.

I wasn’t able to put together an MLM history on Hofmann. Her LinkedIn profile however suggests she has a background in marketing.

Johnny Read’s LinkedIn profile ties him to BTG180.

BTG180 was Robert Craddock’s attempt to reboot the Zeek Rewards Ponzi scheme. Whether Read was also a Zeek Rewards investor is unclear.

There are some other companies listed on Read’s LinkedIn but these are all long-gone. Read purportedly signed on as COO of BeeKonnected in February 2020.

Both Hofmann’s and Read’s LinkedIn profiles place them in the US state of Texas.

It follows that BeeKonnected is also based out of Texas.

That said BeeKonnected’s website terms and conditions cites BK Worldwide Inc., which as far as I can tell is a Nevada shell company.

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

A promoter is claiming TranzactCard is “backed by Obama, Trump (and) LeBron James”.

The bizarre claim was made last month on AI Change Crusader, a website owned by Adriane Mayes. [Continue reading…]

Tori Belle has filed for Chapter 11 bankruptcy.

BehindMLM previously reported Tori Belle filing for Chapter 11 bankruptcy in August 2022.

That filing pertaining to parent company LashLiner, which technically is a separate entity. Practically speaking though, both LashLiner and Tori Belle are the same entity run by the same people.

The courts recognized this and so we just classified LashLiner and Tori Belle as one and the same.

It took a year, but nonetheless we now have Tori Belle itself having filed for Chapter 11. [Continue reading…]

Ryan Morgan Evans has settled the SEC’s Saivian fraud case against him.

As per a stipulated judgment filed on July 14th, Evans will pay $175,000 in disgorgement, $52,129 in prejudgment interest and a $111,614 civil penalty. [Continue reading…]

The Rolvi Trading Ponzi scheme has collapsed.

On or around July 20th, Rolvi Trading pulled its website offline and deleted its social media accounts. [Continue reading…]

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

Hrai’s website domain (“hrai.top”), was registered with bogus details on June 5th, 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…]

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

BigWhale’s website domain (“bigwhale.io”), was privately registered on January 30th, 2023.

One name we can attach to BigWhale is Marianna Vilchez:

In BigWhale marketing videos, Vilchez claims to represent its Media Relations department.

When she’s not marketing dodgy crypto schemes run by anonymous scammers, Vilchez works as an Executive Assistant at Quizam Media Corp.

Marianna Vilchez joined Quizam Media Corp. in early 2020.

She is responsible for various administrative and human resource duties at On-Track Corporate Training and Quantum Cannabis.

Quizam Media Corp is a Canadian firm that combines a corporate training center with a retail cannabis division.

Whether anyone else from Quizam Media Corp is involved in BigWhale is unclear.

BigWhale represents it is run through BigWhale Fintech AG, a Swiss shell company registered by persons unknown.

Update 6th October 2023 – The Texas State Securities Board has outed Syed Sameer as BigWhale’s admin. /end update

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…]

Two lawsuits filed by Metron Nutraceuticals against Root Wellness founder Clayton Thomas have resolved.

In the first lawsuit, following jail time for contempt, Clayton Thomas was ordered to pay $222,360.

The second lawsuit resulted in a double KO, with neither party prevailing on their respective claims. [Continue reading…]