The Ontario Securities Commission has filed a Statement of Allegations with Canada’s Capital Markets Tribunal.

As per the August 25th filed statement, OSC has requested the CMT

• certify that NovaTech FX and owner CEO Cynthia Petion committed securities fraud in Ontario;
• issue a permanent injunction against NovaTech FX prohibiting further acts of securities fraud;
• reprimand NovaTech FX publicly;
• order NovaTech FX pay an “administrative penalty of not more than $1 million for each failure to comply with Ontario securities law”;
• order NovaTech FX to disgorge ill-gotten funds “obtained as a result of non-compliance with Ontario securities law”;
• order Cynthia Petion to step down as an officer or director of any company offering securities in Ontario, including NovaTech FX; and
• issue an injunction permanently prohibiting Cynthia Petion from “acting as a director or officer” of any company offering securities in Ontario.

[Continue reading…]

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

Cryptech’s website domain (“cryptech.top”), was privately registered on August 4th, 2023.

If we look at the source-code of Cryptech’s website, we find a reference to Script Wizard:

Script Wizard is run by Russians and sell Ponzi scripts and website templates.

Although not definitive, this suggests Russians are behind Cryptech.

Further supporting this is the Bank of Russia issuing a Cryptech “financial pyramid” fraud warning on August 23rd, 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…]

Glean Mining Pro fails to provide ownership or executive information on its website.

Glean Mining Pro’s website domain (‘gleantrading.com”), was first registered in September 2019. The private registration was last updated on September 14th, 2022.

In an attempt to appear legitimate, Glean Mining Pro provides “certificate of incorporation” and “business license” links in its website FAQ.

At time of publication both links are broken.

Of additional note is Glean Mining Pro’s website YouTube link pointing to MineXone:

MineXone is a collapsed crypto mining ruse Ponzi that launched in 2019. It appears the same scammers are behind Glean Mining Pro.

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…]

Instead of just doing a runner then and there, Keep It 100’s original collapse and exit-scam was short-lived.

On or around July 29th, Keep It 100’s website went down for unscheduled “upgrades and maintenance”.

The website returned a few days later, touting a new 25% a month model.

I opined Keep It 100 would exit-scam again within 120 days (25% * 4) and, well sure enough here we are. [Continue reading…]

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

MEC’s website domain (“mecbm.com”), was privately registered on June 14th, 2023.

If we look at MEC’s website source-code, we find Chinese:

This suggests whoever is running MEC 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…]

UltimateLine Global fails to provide ownership or executive information on its website.

UltimateLine Global’s website domain (“ultimatelineglobal.com”), was first registered in January 2023. The private registration was last updated on March 17th.

The one UltimateLine Global marketing video featured on its website is an AI avatar robodub effort:

This is typical of non-native English speaking admins.

Although it claims to be a “UK-based, professional forex and cryptocurrency trading firm”, UltimateLine Global provides a corporate address in Switzerland on its website.

It’s presumed UltimateLine Global has nothing to do with either the UK or Switzerland.

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…]

Otter Spot fails to provide ownership or executive information on its website.

Otter Spot’s website domain (“otterspot.io”), was privately registered on May 18th, 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…]

Knowledge Era fails to provide ownership or executive information on its website.

Knowledge Era’s website domain (“h5.knowledgeeraltd.com”), was privately registered on June 7th, 2023.

Note that Knowledge Era operates off a “h5” subdomain. Knowledge Era’s website root domain is disabled.

If we look at Knowledge Era’s website source-code, we see the native language is set to Chinese:

This suggests whoever is running Knowledge Era 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…]

Charles Scoville’s Traffic Monsoon indictment has been dismissed.

On August 22nd the DOJ moved to dismiss the indictment. The court granted the motion on August 23rd. [Continue reading…]

Passivo (aka Passive Hub), operates in the cryptocurrency MLM niche.

Passivo is known to operate from three primary website domains:

1. passivo.com – private registration last updated on February 2nd, 2023
2. passivohub.com – privately registered on July 7th, 2023
3. passivo.io – private registration last updated July 4th, 2023

Heading up Passivo is CEO Jan Lubberding.

I wasn’t able to put together an MLM history on Lubberding. This is a potential red flag.

A definite red flag is Lubberding appearing to be a German crypto bro hiding out in Dubai:

Instead of acknowledging it’s being run from Dubai, Passivo provides shell company details for Passivo Ltd. on its website.

Passivo Ltd. is purportedly registered in Seychelles, a known tax-haven with no active MLM securities related regulation.

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