Back in 2022 OneCoin rolled out new CEO Ventsislav Zlatkov.

Zlatkov featured in a few OneCoin marketing promo videos and then… not much else.

On February 18th, OneCoin announced Zlatkov had been dumped. [Continue reading…]

Plaintiffs United Investor Community INC., Lyadunni Udugba and Olungbenga Bernard Adesuyi have filed a RICO class-action against OmegaPro and associated scammers. [Continue reading…]

The MLM publication BusinessForHome has been sold off to Armand Puyolt.

Puyolt’s acquisition also brings with it several new editorial appointments. [Continue reading…]

A proposed EminiFX victim claim distribution plan has been approved.

As per an order issued on January 21st, the EminiFX Receiver is authorized distribute recovered assets to victims of the scam. [Continue reading…]

Indian authorities have seized $19.5 million from QFX Trade scammers.

The Times of India reports QFX Trade was a forex ruse Ponzi operating as BotBro, TLC Coin (not related to Total Life Changes) and Yorker FX. [Continue reading…]

Following an investigation that began in 2016, Norwegian authorities have laid charges against four Crypto 888 Club Ponzi scammers. [Continue reading…]

AI-UP fails to provide ownership or executive information on its website.

AI-UP’s website domain (“ai-up.top”), was

AI-UP has already attracted the attention of financial regulators. The Central Bank of Russia issued an AI-UP pyramid fraud warning on February 10th, 2025.

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…]

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

Etherforce’s website domain (“etherforce.io”), was privately registered on November 9th, 2024.

Some registration details are visible, such as the country code for Malaysia. Given the registrant’s organization is “bnbchain” though, the authenticity of the details is questionable.

SimilarWeb tracked ~2700 monthly visits to Etherforce’s website for January 2025. 65% of Etherforce’s website traffic originated from France, followed by 26% from Morocco and 9% from Canada.

French is the common link between these countries, suggesting whoever is running Etherforce speaks French.

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…]

BitConnect founder and wanted fugitive Satish Kumbhani has been tracked to Ahmedabad, a city in the Indian state of Gujurat. [Continue reading…]

BitHarvest has received a pyramid fraud warning from the Central Bank of Russia (CBR).

As per the CBR’s February 14th warning, BitHarvest exhibits “signs of a financial pyramid”. [Continue reading…]