Kirill Medvedev has filed suit against Binance for allegedly freezing funds tied to the Nimbus Platform Ponzi scheme. [Continue reading…]

777.IN fails to provide ownership or executive information on its website.

777.IN’s website domain (“777.in”), was registered with bogus details back in 2005. The domain registration was last updated on April 12th, 2023.

777.IN’s current website went live sometime in late April. This suggests the current owners took possession of the domain on or around April 12th.

Of note is the previous website on the “777.in” domain was localized to Chinese.

This suggests Chinese admins are running 777.IN.

SimilarWeb tracked ~1.4 million visits to 777.IN’s website in August 2023. The majority of these visits came from Sri Lanka (53%), Botswana (12%), Singapore (6%), Italy (6%) and Bangladesh (5%).

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…]

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

Alterion’s website domain (“alterion.ltd”), was privately registered on July 20th, 2023.

In an attempt to appear legitimate, Alterion provides shell company registration details for “Alterion LTD”.

Alterion LTD was incorporated in the UK back in 2000. Given Alterion the MLM company has only existed for a few months, whoever is running Alterion appears to have misappropriated Alterion LTD’s details.

It should also be noted that whoever is behind Alterion is also behind other fraudulent investment schemes:

In total Google returns four results for the Alterion website script template:

1. DailyProfite (“dailyprofite.club”) – Ponzi scheme pitching a 200% ROI
2. Growex (“growex.top”) – Ponzi scheme pitching 1% a day
3. Alterion clone (“alterion.site”) – Ponzi scheme pitching 1% a day
4. Tencent Equity (“tencentequity.com”) – Ponzi scheme running older version of the script (same copy)

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…]

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

Use’s website domain (“usegz.com”), was privately registered on June 14th, 2023.

If we look at Use’s website source-code we find Chinese:

This strongly suggests whoever is behind Use has ties to China.

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…]

MyDaina stylizes itself as “MydA.Ina”. That’s awkwardly stupid though so we’ll run with MyDaina instead.

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

MyDaina does provide three fictional executives, none of whom exist outside of MyDaina’s own marketing.

MyDaina’s CEO, “Joaquin Canal”, appears to be BitBCN shitcoin CTO Juan Manuel Lanuza Belmonte:

“Rawad Nassar”, MyDaina’s VP of Sales, is definitely UK national Thaher Miah:

Miah is a Regional Director/Manager at Coinstore, a crypto exchange headquartered in Singapore.

I wasn’t able to confirm Juan Belmonte but Thaher Miah has committed to playing a fictional MyDaina executive:

Of the four videos on MyDaina’s YouTube channel, two are English presentations featuring Miah. The other two videos are a Korean presentation and marketing event held in Vietnam.

MyDaina doesn’t specify where it is operating from on its website.

MyDaina’s website domain (“mydaina.com”), was privately registered on July 22nd, 2023.

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…]

A September 21st sentencing guideline has recommended Michael Glaspie be sentenced to 46 to 57 months in prison (3.8 to 4.7 years).

Joint restitution of $54.6 million has also been tabled. [Continue reading…]

The thrice collapsed Gigamax Ponzi scheme is rebooting as Terramax.

Gigamax victims were migrated over between 3rd and 15th of September. Recruitment of new victims is scheduled to kick off in early October. [Continue reading…]

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

HappyLook’s website domain (“hglg.net”), was privately registered on March 14th, 2023.

In an attempt to appear legitimate, HappyLook provides a Colorado incorporation certificate for “HappyLook Limited”:

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

If we look at HappyLook’s website source-code we find Chinese:

This strongly suggests whoever is running HappyLook has ties to China.

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…]

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

Pluritec’s marketing material cites “Miroslav Jogevic” as its founder.

Miroslav Jogevic doesn’t exist outside of Pluritec’s marketing. That’s because he’s played by a Ukrainian singer/actor.

Unfortunately I wasn’t able to pin down the actor’s name. Circa 2018-2019 though he was a singer/instrumentalist for Singwell, a Ukrainian singing school.

Update 23rd September 2023 – Based on the blue text on the Singwell display above, the actor playing “Miroslav Jogevic” appears to be named Ivan Podkalyuzin. /end update

Prior to hiring the actor playing Jogevic, Pluritec’s marketing videos were hosted by robodubbed AI avatars.

Typically Boris CEO schemes are the work of Russians. It’s unclear whether the actor playing Jogevic was hired by Russians or Ukrainians.

On August 23rd Pluritec uploaded a staged event video that, as far as I can tell, was held in London.

Surprisingly, the actor playing Jogevic wasn’t there. The hired cast appears to be a mix of eastern Europeans and Londoners.

Pluritec’s website domain (“pluritec.co”), was privately registered on June 18th, 2023.

Update 14th November 2023 – After collapsing on their .CO domain, Pluritec has rebooted on “pluritec.ltd”.

Pluritec’s .LTD domain was privately registered on November 10th, 2023. /end update

In an attempt to appear legitimate, Pluritec provides a shell company certificate for “Pluritec Limited”, purportedly incorporated in the UK on June 23rd, 2023.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

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…]

Halo Charge fails to provide ownership or executive information on its website.

Halo Charge’s website domain (“halocharge.life”), was registered with bogus information on September 4th, 2023.

If we look at Halo Charge’s website source-code we find Chinese:

This strongly suggests whoever is running Halo Charge has ties to China.

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…]