TafaBot operates in the MLM cryptocurrency niche.

TafaBot’s website domain (“tafabot.com”), was first registered in June 2021. The private registration was last updated on August 19th, 2022.

Heading up TafaBot are co-founders Samuel Benedict Ogbonnaya (CEO) and Victor Otubo (aka  Otubo Victor Ogemdi and “Dr. OVO”).

Ogbonnaya, who for some reason has omitted his surname as head of TafaBot, is originally from Nigeria.

Circa 2013, Ogbonnaya was running an ecommerce platform called “ShopKudi”.

ShopKudi appears to have collapsed on or around late 2013.

After ShopKudi, Ogbonnaya reinvented himself as a crypto bro. This saw him launch the blockchain development firm Blockchain Tech Hub in 2015.

Blockchain Tech Hub went nowhere but did lead to Ogbonnaya launching SatoWallet in 2017.

SatoWallet was a “staking” model Ponzi scheme built around an inhouse SATOS shitcoin.

Through “SatoWallet Shares” investment positions, SatoWallet investors were pitched on returns as high as 40% a month.

SatoWallet collapsed in late 2019. Ogbonnaya blamed the collapse on “technical issues”.

How much Ogbonnaya stole through SatoWallet’s exit-scam is unclear but has been pegged at over a million.

Sometime between 2017 and 2019 Ogbonnaya relocated to Dubai.

Such to the extent Ogbonnaya might have continued to defraud consumers after SatoWallet’s exit-scam, it was kept low-key.

In mid 2021 Ogbonnaya launched TafaBot from the domain “tafabot.trade”.

Tafabot’s original incarnation saw Ogbonnaya sell a trading bot to unsuspecting consumers.

Tafabot is an automated cryptocurrency futures trading robot that earns you passive income of your capital without your capital leaving your wallet.

Tafabot was built by traders with unique trading strategies that has been proven for over 8 years to give consistent profit and minimize loss even up to 0% .

The losses Ogbonnaya scammed his SatoWallet investors out of were not disclosed.

Sometime after launching TafaBot, Ogbonnaya appears to have gotten involved in the Russian Skyway Capital Ponzi scheme.

The original TafaBot collapsed sometime after Ogbonnaya’s February 2022 Skyway Capital PR appearance. If I had to guess, probably around the time of the Terra/Luna collapse in May.

This saw Ogbonnaya reboot Tafabot through the “tafabot.com” domain, which up until July had redirected to TafaBot’s original “tafabot.trade” domain.

Just shy of a year on out from the reboot, Ogbonnaya still runs TafaBot from Dubai. This review is based on “version 4.0” of TafaBot’s compensation plan, which suggests TafaBot has already been rebooted multiple times over the past year.

Ogbonnaya is joined by TafaBot “co-founder” Otubo Victor Ogemdi (aka Dr. OVO), also a Nigerian national.

Ogemi appears to be a failed “certified life coach” turned crypto bro.

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM considers Dubai to be 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 TafaBot, read on for a full review. [Continue reading…]

Fintoch has received a securities fraud warning from Malaysia.

On June 8th, the Malaysia Securities Commission added Fintoch to its Investor Alert List. [Continue reading…]

The Bank of Namibia successfully overturned a court decision, requiring it to fund Coenraad Botha’s collapsed CBI Global Ponzi scheme.

I know that’s an utterly ridiculous sentence but uh… welcome to Ponzi regulation in Namibia. [Continue reading…]

Blackfort Wallet has received a securities fraud warning from Germany.

As per BaFin’s June 29th warning, Blackfort Wallet is offering unregistered securities. [Continue reading…]

CryptoProgram has received a fraud desist and refrain order from California’s Department of Financial Protection and Innovation.

The DFPI claims “Master Affiliate” Edward Anthony Zimbardi is running a Ponzi scheme. [Continue reading…]

Banker Quotes fails to provide ownership or executive information on its website.

Banker Quotes’ website domain (“bnkquotes.com”), was  privately registered on January 18th, 2023.

In an attempt to appear legitimate, Banker Quotes provides incorporation details for BQ Technologies LTD on its website.

BQ Technologies LTD is purportedly registered in the Marshall Islands.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

Even more so when said shell companies are incorporated in dodgy offshore tax-havens.

As opposed to the Marshall Islands, if we take a look at Banker Quotes’ official FaceBook page we can see it is being run from Colombia.

This strongly suggests whoever is running Banker Quotes is based out of and/or has ties to Colombia.

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…]

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

AffluentFX Network’s website domain (“affluentfx.network”), was privately registered on March 15th, 2023.

On April 6th, a few weeks after AffluentFX Network’s website domain was registered, a marketing video was uploaded to a YouTube channel bearing the name “Affluent FX”:

I don’t have a name to go with the face but the individual hosting the webinar as “AffluentFX” has an African accent.

When demoing how to sign up, AffluentFX Network’s website defaults to South Africa.

This strongly suggests whoever is running AffluentFX Network is based out of Africa.

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…]

CloudFi appears to have had its website domain seized.

Roughly 24 hours ago, CloudFi’s original website domain was disabled through a DNS error: [Continue reading…]

Disbarred OneCoin lawyer Per Danielsen has lost his case against the Norwegian government.

In handing down its June 23rd decision, the Oslo District Court found Danielsen had “persistently deviated from acceptable lawyer behavior”. [Continue reading…]

Seven QNet promoters have been arrested in Togo’s capital city Lome.

As per a June 28th press-release from Togo’s National Police; [Continue reading…]