Top earner Jay Bennett has secured a preliminary injunction against Isagenix.

The injunction was granted on July 17th, following filings from the respective parties. [Continue reading…]

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

BonavestStockFX’s website domain (“bonaveststockfx.com”), was privately registered on March 9th, 2023.

If we look at the website source-code for BonavestStockFX, we find references to Vintage Plus Trade.

Vintage Plus Trade uses the same website template as BonavestStockFX.

Vintage Plus Trade pitches returns of up to 180,000%, making it an obvious Ponzi scheme.

The same scammers behind Vintage Plus Trade appear to be behind BonavestStockFX.

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…]

Following a series of launch disasters, iHub Global victims are now being funnelled into TranzactCard. [Continue reading…]

Diamond Jubilee 7, also known as DJ7, operates from two known website domains:

1. diamondj7.info –  registered by “Diamond Jubilee 7” on November 23rd, 2021
2. diamondj7.com – privately registered on June 13th, 2021

Heading up DJ7 is creator and CEO Maxsam Madume.

On FaceBook Madume goes by Wamambo Maxsam.

Madume claims he was “born in Zimbabwe and now based in United Kingdom”. Assuming he’s still in the UK, this means DJ7 is operated from the UK.

Madume has been promoting fraudulent investment and gifting schemes since at least 2016:

FutureNet started off as an adcredit Ponzi cycler in 2014. Following multiple reboots, FutureNet owners Roman Ziemian and Stephan Morgenstern were arrested in late 2022.

Other Ponzi and gifting schemes Madume has promoted include DataBank, CoinMarketBull, Girali, Ikonbot, Forsage, SuperOne, Doubleway, Eagle Bit Trade and Mass Cryp.

Read on for a full review of DJ7’s MLM opportunity. [Continue reading…]

As per its logo on the right, Mobicryp represents its “powered by Tronado”.

Tronado is an MLM crypto Ponzi built around the TRDO shit token.

We don’t know who exactly is running Tronado but they’re believed to be from India.

Like Tronado, Mobicryp fails to provide ownership or executive information on its website.

In an attempt to appear legitimate, Mobicryp provides a UK incorporation certificate for Mobicryp Minting Solutions Limited.

An MLM company operating or claiming to operate out of the UK is a red flag.

UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.

As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.

For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.

Further undermining its UK shell incorporation, in the footer of its website Mobicryp represents it’s based out of Dubai, UAE.

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

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

Tronado’s website domain (“tronado.io”), was privately registered on July 28th, 2020.

In an attempt to appear legitimate, Tronado provides incorporation details for Crypque LTD.

Crypque LTD was incorporated in the UK on April 20th, 2022.

Putting aside shell incorporation in any jurisdiction is meaningless, whether Crypque LTD has anything to do with Tronado is unclear.

Tronado’s official FaceBook page was abandoned in June 2021. Nonetheless, we can see it is/was adminned from India:

This strongly suggests whoever is running Tronado is based out of India.

It appears Tronado’s last marketing hurrah was held in late 2022. Several October 2022 marketing videos on Tronado’s official YouTube channel depict Indians giving speeches:

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…]

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

In fact, as I write this, MetaTrade’s website is nothing more than an affiliate sign up or sign in portal:

MetaTrade’s marketing materials, which aren’t provided to the public, cite Jean-Marc Loger as CEO of the company.

Robert Mendolia and Giuseppe Peci are cited as MetaTrade’s President and an “entrepreneur” respectively.

On LinkedIn, Peci cites himself as one of MetaTrade’s co-founders:

Jean-Marc Loger has been scamming people through MLM schemes for over a decade.

In May 2021 BehindMLM readers tied Loger to the My Travel Cash and TVI Express pyramid schemes.

More recently, Loger was a “top leader” in the Mainet Ponzi scheme.

Robert Mendolia and Giuseppe Peci are also former Mainet promoters.

Mainet collapsed in May 2023, following a fraud warning from France’s AMF in April.

On social media Mendolia represents he is based out of Cannes, France. Peci and Loger represent they are based out of Dubai.

MetaTrade’s website domain (“metatrade.group”), was privately registered on June 3rd – a few weeks after Mainet collapsed.

Putting all of this together, we have three Mainet Ponzi scammers now running their own Dubai reboot.

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

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

BlixTrade’s website domain (“blixtrade.com”), was privately registered on June 15th, 2023.

In an attempt to appear legitimate, BlixTrade provides incorporation details for Blixt Group Limited.

Blixt Group Limited was incorporated in the UK in March 2020. Given BlixTrade’s website domain was registered less than a month ago, Blixt Group Limited is unlikely to have anything to do with BlixTrade.

In BlixTrade’s website source-code we find a reference to Yandex:

Although not definitive, this suggests BlixTrade is being run by eastern Europeans. Typically this means Russia and/or Ukraine.

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…]

Turbo has received a securities fraud warning from France.

As per the Autorite des Marches Financiers’ July 7th warning, Turbo is [Continue reading…]

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

Bity.Pro’s website domain (“bity.pro”), was registered in May 2022. The private registration was last updated on June 19th, 2023.

In an attempt to appear legitimate, Bity.Pro provides incorporation details for “Buty Limited”.

Bity Limited was incorporated in the UK on March 14th, 2023.

An MLM company operating or claiming to operate out of the UK is a red flag.

UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.

As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.

For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.

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…]