Following withdrawals being disabled for two weeks and ongoing website issues, BehindMLM is calling OmegaPro’s collapse. [Continue reading…]

NovaTech FX has been issued a securities fraud cease and desist by California’s Department of Financial Protection & Innovation (DFPI).

The notice marks the first regulatory action against NovaTech FX by a US regulator. [Continue reading…]

OneCoin founder Ruja Ignatova is on the FBI’s most wanted list.

Sheltered by Bulgarian authorities, OneCoin itself is still operational.

As part of ongoing efforts to lure new investors into the $4 billion scam, OneCoin is holding a marketing event London next month. [Continue reading…]

OmegaPro is collapsing and the scumbags that ran, promoted and enabled the Ponzi scheme are abandoning ship.

Back in May 2022 MLM veteran Eric Worre joined OmegaPro corporate as Official Strategic Coach.

Now that there’s no more money to steal, Worre is distancing himself from the fast-collapsing Ponzi. [Continue reading…]

iComTech founder David Carmona has been arrested in the US.

Carmona’s arrest follows indictment by a Grand Jury in the Southern District of New York. [Continue reading…]

QZ Asset Management operates in the financial investment MLM niche.

The company also goes by QZ Invest and represents it is based out of Guangzhou, China.

Supposedly heading up QZ Asset Management is Blake Yeung Pu Lei.

Yeung doesn’t have a verifiable digital footprint. This could be due to language-barriers.

While QZ Asset Management doesn’t have an official YouTube channel, marketing videos doing the rounds reveal Yeung has a typical Hong Kong “British” English accent.

Prior to rebranding on or around 2021, QZ Asset Management went by Qianze Asset Management.

Other executives names on QZ Asset Management’s website include:

• Roger Sim – Regional Director
• Panjal Chandra – Director of Systems Development
• Julian D. Meyers – Director of Credit Risk Management
• Andrei Petrov – Director of System Security

I wasn’t able to verify whether any of these people actually exist.

Update 24th March 2023 – Through QZ Global Limited (QZ Global Ltd), a newly incorporated South Dakota shell company (created January 9th, 2023), QZ Asset Management has informed the SEC it intends to sell shares.

QZ Global Limited’s February 27th filing itself does not contain any disclosure of QZ Asset Management’s BDAI token MLM investment scheme. Nor does it contain audited financial reports.

What it does contain is a list of QZ Asset Management, purportedly accurate as of December 2021. In addition the executives named on QZ Asset’s website we have:

• Cui Tong Fei – Founding partner, Chairman and Director
• Voong Kuang Jie – Founding Partner, Chief HR Officer and Director

/end update

QZ Asset Management operates from the domain (“qzinvest.com”).

Private registration, cross-referenced with the Wayback Machine, suggests Qianze Asset Management acquired the domain sometime in 2021.

Despite only existing since around 2019 at the earliest, QZ Asset Management falsely claims it has been around “for more than 10 years”.

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

Forsage promoter defendants Carlos Martinez and Alisha Shepperd have settled with the SEC. [Continue reading…]

MMM NFT fails to provide company ownership or executive information on its website.

The company borrows heavily from MMM Global:

MMM Global was a Russian Ponzi scheme run by Sergey Mavrodi.

Mavrodi (right) passed away in 2018. He was  supposedly destitute at the time.

As per the MMM NFT website screenshot above, the scammers behind MMM NFT have misappropriated Mavrodi’s likeness.

This isn’t the first post-Mavrodi MMM Global Ponzi reboot. BehindMLM documented attempts to

• replace Mavrodi with a lookalike;
• replace Mavrodi with a DeepFakes video;
• reboot the Ponzi in 2018;
• reboot the Ponzi again in 2019; and
• reboot the Ponzi as MMM DAPP in 2020

MMM DAPP’s website is still online but non-functional.

MMM NFT operates from the domian “mmm-nft.art”, privately registered on September 13th, 2022.

Owing to its Russian origins, the Central Bank of Russia issued an MMM NFT pyramid fraud warning on October 21st.

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

Matrix Empire fails to provide company ownership or executive information on its website.

Matrix Empire’s website domain (“matrixempire.com”), was privately registered on August 25th, 2022.

Further research reveals affiliate promoters crediting Dustin Mansell as Matrix Empire’s owner.

On October 7th Mansell uploaded a video to his YouTube channel titled “Matrix Empire Review – 1 Platform – 3 Income Streams”. In the video Mansell confirms he “created” the company.

At one point Mansell shows his backoffice, whilst logged in under an “admin” account (click below to enlarge):

Mansell (right) is a prolific promoter of MLM opportunities. Over the past few months he’s pushed out videos for:

• Text ALN – matrix-based recruitment scheme
• Against All Odds – Dun Putnam NFT scheme
• Hapi Travel – travel-based MLM opp likely operating as a pyramid scheme
• IX Global – MLM securities fraud, money laundering arrest in India
• Quick Silver – ISN Coins spinoff
• Infinity Matrix – pyramid scheme
• B-Eco – Dan Putnam fuel tab cash grab
• Intelligence Prime Capital – Boris CEO collapsed MLM crypto Ponzi

Mansell also promoted Weed and Dealers BNB, an 8% a day collapsed non-MLM crypto Ponzi.

According to his personal FaceBook profile, Mansell is based out of Las Vegas, Nevada.

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

The O’Qubuss Ponzi scheme has collapsed.

As November 16th “official communication”, daily returns and withdrawals have been suspended.

Affiliate recruitment and new investment has also been disabled, which together with no withdrawals leaves O’Qubuss dead in the water. [Continue reading…]