Following regulatory fraud warnings from Canada and California, Ed Zimbardi has rebooted his CryptoProgram Ponzi scheme as Amsys. [Continue reading…]

Earlier today a reader reached out with an interesting find:

What you’re looking at are Bulgarian singers Alisia & Тoni Storaro, promoting their new single “Полудях”.

The music video for Полудях was uploaded to YouTube on July 7th…

…and it was shot at Ruja Ignatova’s Sozopol mansion. [Continue reading…]

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

Quantixus’ website domain (“quantixus.com”), was privately registered on April 20th, 2023.

In an attempt to appear legitimate, Quantixus provides incorporation details for Quantixus Limited.

Quantixus Limited was incorporated in the UK on April 24th, 2023.

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.

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…]

William Hill Football Club fails to provide ownership or executive information on its website.

William Hill Football Club’s website domain (“unddata.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…]

GPBots fails to provide ownership or executive information on its website. GPBot’s marketing videos feature badly animated AI avatars.

GPBots’ operates from two known website domains:

1. gpbots.com – privately registered on May 27th, 2023
2. gpbots.app – privately registered on June 3rd, 2023

Of note is GPBots’ use of DefiCode’s Arbot:

Arbot is a  “drag and drop” tool used to create smart-contract Ponzi schemes.

Earlier this week BehindMLM noted Arbot’s use in the StakeMine Ponzi scheme. Due to its use of Portuguese, StakeMine is believed to be run by scammers in and/or from Brazil.

Although it’s presented in English, GPBots’ native website language code is also Portuguese:

This probably isn’t a coincidence. StakeMine and GPBots are likely run by the same group of scammers.

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…]

One of the architects behind Generation Zoe’s metaverse ruse has been arrested in Argentina.

Giovanni Tomás David Caroglio was arrested following “a wave of raids” in Mendoza on July 7th. [Continue reading…]

Tim Bentley’s Zeus’ Bounty and Zeus’ Chariots Ponzi schemes have collapsed.

Zeus’ Bounty was a simple smart-contract Ponzi scheme that launched in late 2021.

Circa January 2022 Zeus’ Bounty began to collapse, prompting Bentley to launch Zeus’ Chariots. [Continue reading…]

Metaverse Foreign Exchange Group has received a securities fraud warning from Ontario.

As per the Ontario Securities Commission’s June 30th warning; [Continue reading…]

Following their nationwide ban in New Zealand, Validus has announced they are disabling withdrawals for newer investors.

Older Validus investors who have not ranked are being prioritized (i.e. totally passive investors). Everyone else is screwed. [Continue reading…]

EvoRich was a spinoff of Anatoly Yunitskiy’s Skyway Capital Ponzi scheme.

Andrey Khovratov, EvoRich’s founder and CEO, was arrested in Russia in April 2022.

Khovratov has been charged with criminal fraud and, as of May 2023, remains in pre-trial detention behind bars.

Armands Murnieks doesn’t publicly acknowledge Khovratov’s arrest. He refers to it as a “force majeure”.

Murnieks joined Skyway Capital back in 2014 and was one of EvoRich’s top net-winners.

After Khovratov’s arrest, Murnieks and several accomplices scrambled to funnel their victims into several reload scams.

So far we’ve had Bobcoin (May 2022), FNT (September 2022) and Dragon Man NFTs (September 2022).

What’s left of the EvoRich reload scams has now been grouped under Coinset branding.

Today we’re looking into Coinset and the ongoing attempts to pump worthless EvoRich bags. [Continue reading…]