Gym Network is a GYMNET BEP-20 token Ponzi scheme.

Launched in early 2022, Gym Network is/was headed up by CEO Claudio Catrini.

Today, here’s how Gym Network and its GYMNET Ponzi scheme are going: [Continue reading…]

Ronald R. Deering has settled Forsage fraud allegations brought against him.

Deering was the last of seven Forsage Ponzi promoters sued by the SEC back in August. [Continue reading…]

Following OmegaPro’s collapse earlier this month, the Ponzi scheme has also now completed its exit-scam.

In an “urgent client communication” sent out a few hours ago, OmegaPro informed investors it had sold its investor database to Broker Group. [Continue reading…]

RSF Holdings fails to provide company ownership or executive information on its website.

RSF Holdings’ website domain (“rsfholdings.com”), was first registered in 2008. The registration was last updated in September 2021.

This is around the time RSF Holdings’ owner(s) took possession of the domain. RSF Holdings’ current website went live on or around December 2021.

Prior to September 2021, RSF Holdings’ domain was owned by an education software company.

From this we conclude that RSF Holdings didn’t exist prior to late 2021.

Despite this fact, RSF Holdings falsely uses the original domain registration year as its launch date.

RSF Holdings is one of the world’s premier Diversified income investment managers. With our launch in 2008 in Wilmington, Delaware.

Wilmington, Delaware corresponds to a corporate address provided on RSF Holdings’ website. This address corresponds to a virtual office service provided by Regus.

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…]

It’s no secret that Crowd1 has all but collapsed.

ROI withdrawals collapsed almost two years ago. Recruitment kept Crowd1 going, but that’s devolved into Russians and Ukrainians scamming eachother.

Outside of eastern Europe, Crowd1 is dead.

Crowd1’s collapse has prompted executives and top promoters to abandon ship. A week ago BehindMLM documented the departure of Ambassador 3 ranked promoter, George van Wijk.

As part of his personal exit-scam, Wijk branded Crowd1 “unfair and unsafe”. Wijk also mentioned “next steps” but didn’t elaborate.

Today BehindMLM can reveal Wijk, together with other Crowd1 scammers, are gearing up to launch Star Horizon. [Continue reading…]

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

MetaNuva’s website does have an “about us” page, however this redirects to NuvaToken’s website.

NuvaToken is part of MetaNuva and here we learn MetaNuva has four co-founders:

• Shamsu Miah – Chief Officer of Operation
• Bako Faysal – Chief Officer of Innovation & Development
• Helen Graham – Chief Officer of Marketing & Communication
• Shofi Ullah – Chief Officer of Finance

MetaNuva’s four co-founders are all former PGI Global scammers.

PGI Global was a 200% ROI MLM Ponzi scheme launched in 2020. The scam was owned by dual US-Philippine national RV Palafox.

Palafox, a serial Ponzi promoter himself, disappeared when PGI Global inevitably collapsed in March 2021.

Heather Graham headed up a short-lived PGI Global reboot in September 2021.

In October 21 US authorities confirmed a criminal investigation into PGI Global. Since then there have been no further public developments.

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

Streakk operates in the cryptocurrency niche. The company is headed up by founder and CEO, Suki Chen.

Suki Chen’s actual name is Sukijami Chendrawan. He is believed to be an Indonesian national.

According to Chen’s Streakk bio, he’s a “seasoned entrepreneur with (a) proven track record”.

Chen’s LinkedIn profile details an early education and life insurance background. He then held a brief executive position with Odem, before the usual string of failed blockchain bro projects.

Chen appears to have reinvented himself as a blockchain bro circa late 2018.

With respect to Streakk, Chen’s LinkedIn profile represents it launched in 2019.

This is baloney. Streakk’s website domain wasn’t registered until May 21st, 2022. Streakk didn’t exist prior to May 2022.

According to his LinkedIn profile Chen, and therefore Streakk, are based out of Dubai.

Streakk’s website also provides contact details for an office in Singapore. How much of a physical presence Streakk has in Singapore is unclear.

Dubai is the MLM crime capital of the world. Any MLM company operating out of or representing ties to Dubai raises an immediate red flag.

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

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

Quantum’s website domain (“myquantum.world”), was privately registered on May 5th, 2022.

Planning for the company however appears to be backdated to around February.

E.g. Quantum’s official YouTube channel was created on February 6th, 2022.

Quantum’s official FaceBook page was renamed from EcoTradeFX to QuantumFX on February 8th, 2022.

EcoTradeFX corresponds to EcoTrade, a 3% a day MLM Ponzi scheme launched in late 2021.

EcoTrade’s website is still up, and clicking the official FaceBook link redirects to Quantum’s official FaceBook page.

EcoTrade was run by a bunch of scammers connected to the Tendencia Trading YouTube channel:

Tendencia Trading was abandoned in November 2021.

The company was run by CEO Jose Chirinos (right), who is based out the Dominican Republic.

Prior to reinventing himself as a crypto bro scammer last year, Jose Chirinos was a CrossFit instructor:

Chirinos being in the Dominican Republic ties into Quantum’s official FaceBook page being managed from there.

In an effort to hide Quantum being run from the Dominican Republic, its website states:

Our main headquarters is incorporated in Dubai, United Arab Emirates.

Quantum does appear to have held some marketing events in Dubai, so it’s possible Chirinos is working with partners there.

Dubai is 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 Quantum, read on for a full review. [Continue reading…]

The SEC has secured judgment against Nasgo Ponzi defendant Maurice “Butch” Chelliah. [Continue reading…]

NovaTech FX has received a securities fraud notice from Saskatchewan’s Financial and Consumer Affairs Authority. [Continue reading…]