The fourth and final EmpowerCoin and JetCoin Ponzi defendant has pled guilty.

At a change of plea hearing held on September 16th, Dwayne Golden pled guilty to conspiracy to commit wire fraud and money laundering. [Continue reading…]

Nykaa Mall fails to provide ownership or executive information on its website.

Nykaa Mall’s website domain (“nykaa-mall.vip”), was registered with bogus details on September 5th, 2024.

Nykaa Mall has already attracted the attention of financial regulators. The Central Bank of Russia issued a Nykaa Mall pyramid fraud warning on September 6th, 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…]

InovoCB fails to provide verifiable ownership or executive information on its website.

InovoCB names Jimmy Nogues and John Martinez and co-founders on its website.

No information about either Nogues or Martinez is provided. Nor do Nogues and Martinez appear to exist outside of being named on InovoCB’s website.

It is unclear whether Nogues and Martinez, as represented on InovoCB’s website, actually exist.

InovoCB’s website domain (“inovocb.com”), was privately registered on September 29th, 2023.

It should be noted that InovoCB’s website defaults to French. This suggests links to a French-speaking admin.

In an attempt to appear legitimate, on its website InovoCB represents it is based out of Ontario, Canada. Whether InovoCB has any actual ties to Ontario is unclear (unlikely).

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…]

Legal action by Melaleuca has prompted a YouTube apology video from Hannah Lee Thaler. [Continue reading…]

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

Fresnillo PLC USDT’s website domain (“fresnilloplc.top”), was registered with bogus information on August 30th, 2024.

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

Fresnillo PLC USDT has already attracted the attention of financial regulators. The Central Bank of Russia issued a Fresnillo PLC USDT pyramid fraud warning on September 6th, 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…]

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

Aurum’s website domain (“aurum.foundation”), was privately registered on August 1st, 2024.

Note that Aurum has disabled its website root. Access to Aurum is through a subdomain at “backoffice.aurum.foundation”.

Looking at the source-code of Aurum’s backoffice website we find Russian:

This suggests whoever is running Aurum has ties to Russia.

One name of note tied to Aurum is Sal Khan:

Khan is a serial promoter of MLM crypto Ponzi schemes. Khan is fresh off promoting TLC Trading.

TLC Trading, an MLM crypto Ponzi run by Polish and/or Russian scammers hiding in Dubai, collapsed for a second time last month.

Whereas TLC Trading was fronted by Armen Sargasyan, a Boris CEO played by Polish national Tomas Malodobry, Aurum is headed up by Jan Kroger.

Jan Kroger’s actual name is Krogan Jan-Burkhard.

Jan-Burkhard is a random crypto bro from Germany. Outside of dubious marketing claims made in various PR puff pieces, Jan-Burkhard doesn’t appear to have achieved anything significant in the crypto space.

It’s unclear whether Jan-Burkhard is a full-blown Boris CEO or is working directly with the Russians actually running Aurum.

I guess we’ll find out if Jan-Burkhard turns up in the usual rented office videos.

Other individuals featured in Aurum’s marketing material include:

• Ahmad Zen – Marketing Director
• Aleksei Mirko – Product Development Director
• Ivan Marjanovic – Growth Director

Ahmad Zen has ties to Dubai…

…and is a former Earn World Ponzi promoter:

Earn World collapsed in July 2024.

Aleksei Mirko’s social media is in Russian. Mirko and Ivan Marjanovic appear to be randoms plucked from who knows where.

Given the set up, it’s highly likely the same Dubai Russian scammers behind TLC Trading are behind Aurum.

I did note the use of “Standart” in Aurum’s marketing. That could tie into Kroger’s German roots or just reflect whoever put the material together.

The “CashFX (in association with EverFX) Scam – Now What!?” FaceBook group notes serial Ponzi promoter Luigi Bruni is also pitching Aurum.

Or was. Sometime over the last few days Bruni abruptly deleted all of this Aurum marketing efforts.

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…]

Wisdom Tree TRX fails to provide ownership or executive information on its website.

Wisdom Tree TRX’s website domain (“wisdomtrx.vip”), was registered with bogus details on September 1st, 2024.

Of note is Wisdom Tree TRX’s website domain being registered through the Chinese registrar Alibaba (Singapore).

Wisdom Tree TRX has already attracted the attention of financial regulators. The Central Bank of Russia issued a Wisdom Tree TRX pyramid fraud warning on September 6th, 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…]

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

In fact pretending RideBNB doesn’t have an owner is part of RideBNB’s marketing:

RideBNB has three known website domains it operates from:

• ridebnb.live – privately registered on July 6th, 2024
• bnbfactory.cloud – privately registered on August 23rd, 2024
• rideop.pro – privately registered on August 16th, 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…]

At a recent BioLimitless marketing event, owner Jeremy Roma pitched consumers on a passive investment opportunity.

Roma represented consumers could invest in “BioLimitless Centers of Excellence”, the operation of which would perpetually fund increasing returns over time. [Continue reading…]

The US Treasury Department’s Office of Foreign Assets Control has sanctioned a Cambodian politician in relation to Chinese scam factories.

Ly Yong Phat, a Cambodian senator and personal advisor to Cambodia’s President of the Senate, was sanctioned by OFAC on September 12th.

Phat’s companies, L.Y.P Group Co. LTD, O-Smach Resort, Garden City Hotel, Koh Kong Resort and Phnom Penh Hotel were also sanctioned. [Continue reading…]