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

Global Aid Club’s website domain (“globalaid.club”), was privately registered on August 17th, 2023.

If we look in the footer of Global Aid Club’s website we find a logo claiming it was “developed by SpicyDevs”.

SpicyDevs pitches itself as “a web and blockchain development company”. In practice this translates to “crypto scam factory”.

One name we can attach to Global Aid Club and SpicyDevs is Andrew Colquhoun (aka Andy Colquhoun).

Colquhoun, a UK resident, put together Global Aid Club’s official compensation PDF.

On Twitter, Colquhoun pitches himself as a “graphic designer” and “crypto addict”.

Colquhoun is also “head of design for gmetaone”, another of SpicyDevs’ projects.

A visit to GMETAOne’s website reveals it’s an NFT metaverse “staking” model Ponzi scheme.

Colquhoun is either running SpicyDevs or working with undisclosed partners.

Update 10th October 2023 – Global Aid Club’s admin has been outed as US-resident Michael OBrien.

/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…]

Majestic Track, aka Majestic Ecosystem, operates in the cryptocurrency MLM niche.

The company is purportedly headed up by CEO “Oscar Ferrero”, who I haven’t been able to verify actually exists.

One individual we can confirm exists is Business Operations Director Lars Andersson.

Andersson hosts Majestic Track marketing videos.

The rest of Majestic Track’s executives appear to be a combination of people who might exist and stolen photos:

Lars Andersson appears to be from Sweden. In August 2023 he was promoting The Super Patch Company.

Andersson also runs the FaceBook group “Crypto Team Intrexium”.

Andersson uses Crypto Team Intrexium to promote various MLM crypto Ponzi schemes. These include GSPartners, Lance Green, Fidex Corp and OmegaPro.

In an attempt to appear legitimate, Majestic Track provides shell company and ASIC registration details for “Majestic Track Pty Ltd” in Australia.

Apparently this was a renaming of Flamingo Group Pty Ltd, another shell company, in August 2023.

ASIC are known for non-regulation of MLM fraud. Furthermore anyone can register a company with ASIC using whatever bogus details, there is no verification.

For this reason ASIC registration is favored by scammers residing outside of Australia.

With respect to MLM due-diligence, ASIC registration certificate as proof of legitimacy is therefore meaningless.

A corporate address in Australia provided on Majestic Track’s website is co-working space provided owned by The Cluster.

It’s unlikely Majestic Track has any actual ties to Australia. From what I’m seeing Majestic Track is being run by scammers in Asia working with Andersson.

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

The Temporary Restraining Order freezing iX Global’s and Debt Box’s assets has been dissolved.

The somewhat concerning court order was made on October 6th. [Continue reading…]

BigWhale has acknowledged an emergency cease and desist issued against it yesterday.

And in doing so, has also confirmed the end of their “we got hacked!” exit-scam. [Continue reading…]

Mavie Global appears to be harboring wanted fugitive John Barksdale. [Continue reading…]

There have been no updates on FutureNet co-founder Roman Ziemian since his arrest in Italy.

We’ve now learned that because, after arresting him, Italian authorities released Ziemian pending extradition.

Moments after Italian authorities unlocked Ziemian’s cuffs, he of course promptly fled the country. [Continue reading…]

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

Capitalvest Pro’s website domain (“capitalvestpro.com”), was privately registered on June 11th, 2023.

In an attempt to appear legitimate, Capitalvest Pro represents it is registered in New Zealand as “ProFx & Crypto Trading Company PLC”.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, shell company registration in any jurisdiction is meaningless.

Beyond paying a small fee to register a shell company there, it is unlikely Capitalvest Pro has any actual ties to New Zealand.

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…]

Earlier this week it became apparent that GSPartners is on the road to collapse.

This started with the disabling of weekly returns on Monday, swiftly followed up by a 50% withdrawal fee on Tuesday.

Officially, GSPartners has fed investors baloney about a “downturn in the markets”. The actual reason for the collapse is far simpler. [Continue reading…]

BFF Crowdfunding, aka BFF Global Network, fails to provide ownership or executive information on its website.

In fact as I write this, BFF Crowdfunding’s homepage is nothing more than an affiliate login form:

BFF Crowdfunding operates from the domain “bffcrowdfunding.com”, privately registered on June 11th, 2023.

Further research reveals BFF Crowdfunding’s “BFF Global Network” FaceBook group. The group has one admin, Mike Taylor.

On his own FaceBook page Taylor, a resident of Texas, cites himself as owner and CEO of BFF Global Network.

On YouTube Taylor pitches himself as a “forex trader, online marketer, coach (and) mentor”.

Prior to launching BFF Crowdfunding around three months ago, Taylor was promoting something called “Gobe Tradehouse” and GOBE Copycat”.

As you can see from Taylor’s YouTube marketing videos above, the pitch was turn $100 into $9500.

SimilarWeb tracked just ~3500 visits to Gobe Tradehouse’s website over August 2023. Whatever the scheme was it’s pretty much dead.

Going back even further, Taylor was a promoter of Tradera (collapsed) and Forsage (cash gifting Ponzi whose owners have been indicted).

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

A few days ago the BigWhale Ponzi scheme collapsed.

BigWhale’s admins drained what was left in its smart-contract and, in an effort to cover up their exit-scam, concocted a “we got hacked!” ruse.

Now it has been revealed that regulators were onto the multi-million dollar Ponzi scheme.

On October 4th the Texas State Securities Board issued an emergency cease and desist against BigWhale. [Continue reading…]