Skainet Systems is complaining about “liquidity issues”, which is Ponzi speak for “new investment isn’t covering withdrawals”.

Skainet Systems’ solution is to beg investors to take them up on another six month fund freeze, incentivized by a “loyalty bonus”.

What happens after the second six-month period? Well here’s the thing… [Continue reading…]

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

Colony Global’s official marketing videos feature AI-generated avatars:

Colony Global provides a corporate address in Bassano del Grappa, a city in Italy’s northern Veneto region.

The address led me to the company Colony Italia SRL, the key principal of which is Roberto Grandis.

On social media, Grandis cites himself as “Colony Global Network inventor”:

Prior to launching Colony Global in 2024, Grandis was promoting Swych.

And before Swych, Grandis made a name for himself promoting the collapsed WellStar pyramid scheme.

Why Grandis (right) is not disclosed as the owner of Colony Global on its website is unclear.

Colony Global operates from two known website domains:

1. colonyclan.com – registered on April 19th, 2024. The private registration was last updated on July 12th, 2024
2. mycolonyclan.com (marketing funnel, root disabled) – privately registered on October 10th, 2024

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…]

Last week BehindMLM reviewed DAO1. Based on a number of data points, we suspected it was yet another reboot of the collapsed GSPartners investment scheme.

Today BehindMLM can confirm DAO1 is the fifth GSPartners reboot. The same people tied to GSPartners’ parent company, Gold Standard Corporation (GSB), are running DAO1 behind the scenes. [Continue reading…]

Equat USDT fails to provide ownership or executive information on its website.

Equat USDT’s website domain (“us.equat-usdt.com”), was registered with bogus details on July 8th, 2024.

Of note is Equat USDT’s website domain being registered through the Chinese registrar Alibaba (Singapore).

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…]

CFX Legacy has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC).

ASIC added CFX Legacy to its Investor Alert List on December 12th, 2024. [Continue reading…]

Despite the Australian Securities and Investment Commission (ASIC) issuing two fraud warnings, a group of die-hard investors continue to promote Auratus and Billionico.

Today we take a look at how Australian investors are violating ASIC’s Auratus and Billionico fraud warnings. [Continue reading…]

OakSmart has received a securities fraud warning from New Zealand’s Financial Markets Authority.

As per the FMA’s December 19th warning; [Continue reading…]

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

GB-AI operates from two known website domains:

1. hhmzbg.com – first registered in 2010. The private registration was last updated on December 22nd, 2024 (purchased on or around this date)
2. gb-ai.top – privately registered on December 19th, 2024

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…]

Josip Heit has stepped from from GSB Gold Standard Corporation’s board of executives.

In Heit’s place is Rustam Shoykhet, a name most participants in GSB’s investment schemes have likely never heard of. [Continue reading…]

Two Malaysian scammers behind SingliWorld and TriumphFX have been jailed.

On January 3rd, Leong Koon Wah and Ng Kuan Chuan were sentenced to ten years and six months and seven years and six months respectively. [Continue reading…]