John DeMarr, a central figure in Kristijan Krstic’s Ponzi empire, has been sentenced to 5 years in prison.

DeMarr has also been ordered to pay back $3.5 million in restitution. [Continue reading…]

Nugen Universe’s Nugen Coin Ponzi scheme has collapsed.

Investors report that throughout 2022 they were discouraged from cashing out their Nugen Coins.

Withdrawal functionality was disabled in late 2022, with a string of promised deadlines having come and gone. [Continue reading…]

Argentinian authorities have made another Generation Zoe Ponzi arrest.

Rodrigo Hernán García (aka Roko and Rokomanía), was arrested earlier this week by Argentina’s Anti-mafia division.

He has been charged with illicit association and fraud. [Continue reading…]

I kind of figured after OmegaPro collapsed, likely causing hundreds of millions in losses to consumers in the process, that Eric Worre would stop attaching his name to Ponzi schemes.

Boy was I wrong.

After distancing himself from OmegaPro as it collapsed last November, Worre has resurfaced as the face of the Go Global reboot. [Continue reading…]

Mindset24 Global scammers John Brian McLane Jr. and Paul Anthony Nash have settled fraud allegations with the SEC. [Continue reading…]

Earlier this month BDSwiss began confirming it had no partnership with GSPartners through support tickets.

Now the broker has issued a public statement reiterating no partnership ever existed. [Continue reading…]

Dr. Tina Wong has been fined $15,000 for spreading COVID-19 misinformation to market doTerra.

The DOJ sued Wong on behalf of the FTC on January 5th, alleging violations of the FTC Act and COVID-19 Consumer Protection Act. [Continue reading…]

doTerra executive Lauren Busch has been fined $15,000 for making deceptive COVID-19 marketing claims. [Continue reading…]

Maxpread Technologies fails to provide ownership or executive information on its website.

Maxpread Technologies’ website domain (“maxpread.com”), was privately registered on July 2nd, 2022.

Through the Wayback Machine, we can see Maxpread Technologies’ current website went live on or around November 2022.

Despite only existing for a few months, Maxpread Technologies falsely claims it “has been operating for more than 5 years”.

In an attempt to appear legitimate, Maxpread Technologies provides incorporation details for Maxpread Technologies LTD in Hong Kong.

For the purpose of MLM due-diligence, shell company incorporation in any jurisdiction is meaningless.

An official marketing video embedded on Maxpread Technologies website consists of stock footage, narrated over by someone with an eastern-European accent.

A visit to Maxpread Technologies’ official YouTube channel reveals a second bizarre marketing video, depicting a press-conference in India.

The blond guy with the mic and an obvious Russian accent, seems to be running the event. He introduces the guy sitting next to him in the white waistcoat, as someone “very famous and recognized influenced businessman in the north part of Russia”.

“Albert Ignatev” speaks Russian and apparently isn’t fluent in English.

Beyond verifying ties to Russia, I wasn’t able to dig up anything concrete on the man playing Albert Ignatev.

Update 19th February 2023 – Jan Gregory, aka Jan Cerato, is claiming to be Maxpread Technologies’ “Global Leader and Brand Manager”.

Unlike Gregory’s other running Ponzi scheme, CoinMarketBull, I don’t think Gregory is directly running Maxpread Technologies.

Instead Gregory appears to be working directly with the eastern European scammers detailed above. /end update

SimilarWeb currently tracks top sources of traffic to Maxpread Technologies website as Venezuela (38%), Germany (16%) and Vietnam (15%).

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…]

Evolution Network fails to provide ownership or executive information on its website.

Evolution Network’s website domain (“evolution.network”), was first registered in July 2019. The private registration was last updated on July 21st, 2022.

Through the Wayback Machine we can see Evolution Network’s domain was disabled due to an error up until mid 2022.

The domain was parked in August 2022, with Evolution Network’s current website going live sometime thereafter.

This strongly suggests Evolution Network’s owner acquired the domain in July 2022.

Evolution Network marketing videos cite Ruben Arcas as founder and President of the company:

Ruben Arcas is a serial scammer from Spain.

BehindMLM first came across Arcas in 2016, as co-founders of the PoolMiners Ponzi scheme.

PoolMiners collapsed towards the end of 2016 and was rebooted as Infinitum Flame. Infinitum Flame collapsed in 2018.

In 2020 Arcas resurfaced as “Network Development Manager” for the Mind Capital Ponzi scheme.

Mind Capital began to collapse towards the end of 2020. Investors were strung along until August 2021, wherein Mind Capital’s website was finally disabled.

Despite scamming consumers for years in multiple Ponzi schemes, Spanish authorities have failed to take action against Arcas.

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