Ryan Morgan Evans has settled the SEC’s Saivian fraud case against him.

As per a stipulated judgment filed on July 14th, Evans will pay $175,000 in disgorgement, $52,129 in prejudgment interest and a $111,614 civil penalty. [Continue reading…]

The Rolvi Trading Ponzi scheme has collapsed.

On or around July 20th, Rolvi Trading pulled its website offline and deleted its social media accounts. [Continue reading…]

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

Hrai’s website domain (“hrai.top”), was registered with bogus details on June 5th, 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…]

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

BigWhale’s website domain (“bigwhale.io”), was privately registered on January 30th, 2023.

One name we can attach to BigWhale is Marianna Vilchez:

In BigWhale marketing videos, Vilchez claims to represent its Media Relations department.

When she’s not marketing dodgy crypto schemes run by anonymous scammers, Vilchez works as an Executive Assistant at Quizam Media Corp.

Marianna Vilchez joined Quizam Media Corp. in early 2020.

She is responsible for various administrative and human resource duties at On-Track Corporate Training and Quantum Cannabis.

Quizam Media Corp is a Canadian firm that combines a corporate training center with a retail cannabis division.

Whether anyone else from Quizam Media Corp is involved in BigWhale is unclear.

BigWhale represents it is run through BigWhale Fintech AG, a Swiss shell company registered by persons unknown.

Update 6th October 2023 – The Texas State Securities Board has outed Syed Sameer as BigWhale’s admin. /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…]

Two lawsuits filed by Metron Nutraceuticals against Root Wellness founder Clayton Thomas have resolved.

In the first lawsuit, following jail time for contempt, Clayton Thomas was ordered to pay $222,360.

The second lawsuit resulted in a double KO, with neither party prevailing on their respective claims. [Continue reading…]

EminiFX Ponzi scammer Eddy Alexandre has been sentenced to nine years in prison. [Continue reading…]

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

Aeonit’s website domain (“aeonitgroup.com”), was initially registered in April 2022.

The private registration was last updated on March 3rd, 2023. On or around this date is when the current owners took possession.

If we visit the “APP download” section of Aeonit’s website, we find Chinese in the source-code:

This strongly suggests whoever is running Aeonit 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…]

Cappmore FX fails to provide ownership or executive information on its website.

Cappmore FX’s website domain (“cappmorefx.com”), was first registered in November 2021.

The private registration was last updated on January 18th, 2023, which appears appears to be the time Cappmore FX’s owner(s) took possession of the domain.

This is based on Cappmore FX’s official FaceBook page being created in March 2023.

Further research reveals Cappmore FX affiliates citing Ajay Arya as CEO of the company.

Other than noting Arya appears to be an Indian national, I wasn’t able to put together a verifiable history.

Cappmore FX marketing material cites Arya as founder of “The Teachable Tech”:

This corresponds with Saksham Trading Academy, an Indian company offering forex trading courses:

We, SAKSHAM TRADING ACADEMY (The Teachable Tech), situated at Karad, Maharashtra are one of the leading institutes for stock market trading and offer the best and uniquely designed courses.

This would suggest Cappmore FX is also being operated out of India.

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…]

Bitcoin Trading World has received a Desist and Refrain Order from California’s Department of Financial Protection and Innovation.

On June 28th, DFPI cited Bitcoin Trading World and Antonije Stojiljkovic for securities fraud.

Just one problem though… Bitcoin Trading World is long gone and Stojiljkovic is already serving time in prison. [Continue reading…]

The Super Patch Company was referred to me for review as a spinoff of VoxxLife.

There’s no direct acknowledgement of VoxxLife on The Super Patch Company’s website but there are indirect links.

A marketing video featured on The Super Patch Company’s website cites Jay Dhaliwal as founder of the company.

Dhaliwal is the founder and CEO of VoxxLife.

Meanwhile over on VoxxLife’s website, The Super Patch Company’s products are front and center:

Although I’ve only recently just heard about it, The Super Patch Company’s website went live in November 2022:

The Super Patch Company went on to officially launch in March 2023:

Dhaliwal is based out of Canada, making The Super Patch Company and VoxxLife Canadian MLM companies.

Launched back in 2015, VOxxLife is believed to be Dhaliwal’s first MLM venture.

Read on for a full review of The Super Patch Company’s MLM opportunity. [Continue reading…]