Arbimex operates in the MLM cryptocurrency niche.

The company is purportedly headed up by “David Fernandez”:

Over on Arbimex’s official YouTube channel, Fernandez introduces himself as “founder and CEO” of the company.

Arbimex does provide a corporate bio for Fernandez but its pretty vague:

David Fernandez is a Spanish entrepreneur and founder of Arbimex. He is also the mastermind behind Arbimex’s artificial intelligence software.

The reason for this is Fernandez is a Fiverr actor:

In an attempt to appear legitimate, Arbimex provides UK shell company details for Arbimex Limited.

Arbimex Limited was registered in the UK on October 27th, 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.

Who is actually running Arbimex remains unclear, but Boris CEO schemes are typically the work of Russian scammers.

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…]

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

Xsignal’s website domain (“xsignal.biz”), was privately registered on August 3rd, 2023.

As of January 2024, SimilarWeb tracked top sources of traffic to Xsignal’s website as Poland (46%) and Bangladesh (12%).

Neither of these figures is high enough to tie Xsignal ownership to a country, but gives you an idea of where recruitment is active.

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…]

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

DynaMaxx’s website domain (“dynamaxx.com”), was first registered in 2009. The private registration was last updated on August 20th, 2023.

In sussing out Dynamaxx’s website I found three social media profile links to Gemini Network. Although the links still exist on Dynamaxx’s website, Gemini Network’s Facebook, Twitter and Instagram profiles have all been deleted.

In any event this led me to Jay Archer:

On LinkedIn Archer cites himself as owner of both Gemini Network and DynaMaxx. DynaMaxx appears to have been founded in 2009.

Why Jay Archer isn’t disclosed as owner and CEO on DynaMaxx’s website is unclear.

In April 2023 Full Alliance Group announced it was merging with DynaMaxx.

Full Alliance Group, Inc. operating in the health and nutraceutical space, as part of its plan to build organically and buy strategically, announces it has entered into a plan of merger with DYNAMAXX International LTD.

DYNAMAXX is a holding company operating in the direct selling channel with its main operations in the United States and Canada.

Full Alliance Group has its own website up, on which Dynamaxx is listed as one of “our companies”.

Gemini Network isn’t featured on Full Alliance Group’s website. Additionally, Gemini Network links I found redirect to DynaMaxx.

This suggests that Gemini Network collapsed sometime after launching in 2018.

Although no corporate address is provided on Dynamaxx’s website, on FaceBook Archer cites himself as a Florida resident. Full Alliance Group is also based out of Florida.

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…]

BehindMLM initially reviewed Xcelerate back in October 2022.

Back then Xcelerate was a simple MLM opportunity, built around reselling Renssli Corp fuel tabs. In October 2023 we noted Xcelerate had transitioned to marketing white labelled supplements.

Following compensation plan changes, a reader wrote in requesting an updated Xcelerate review.

Today we’re revisiting Xcelerate to see what’s changed. [Continue reading…]

The collapsed VBit Technologies Ponzi scheme has received a desist and refrain order from California’s Department of Financial Protection and Innovation (DFPI).

VBit Technologies associated companies cited by the DFPI in their January 31st order include: [Continue reading…]

On or around February 15th My Daily Choice pulled its website offline.

The functioning website was replaced by a warning message, disclosing to consumers that My Daily Choice had suffered a data breach.

Less than 48 hours later, the message was removed – leaving affected consumers vulnerable and in the dark. [Continue reading…]

Following an order to file a Status Report regarding victim distribution by February 16th, the Traffic Monsoon Receiver has done so.

Today we’re covering two filings, a February 13th Motion for Approval of Proposed Plan of Distribution, and the February 16th filed Status Report. [Continue reading…]

HyperTech and associated Ponzi schemes have received a securities fraud warning from Alberta, Canada.

The Alberta Securities Commission added HyperTech, HyperFund, HyperNation and Hyperverse to its Investment Caution List on February 7th. [Continue reading…]

Following the delayed commissions and then the disabling of Savings Highway Global’s website for almost a month, owner Steve Gresham is now threatening affiliates who talk about it with legal action. [Continue reading…]

Following almost two years of investigation, the Public Prosecutor’s Office in Villa Maria has announced a Generation Zoe criminal trial.

The trial was announced on Wednesday the 14th, following charges against Generation Zoe founder Leonardo Cositorto and twenty-five additional defendants. [Continue reading…]