FutureNet Ponzi co-founder Stephan Morgenstern has been arrested in Greece.

Morgenstern’s arrest was part of a joint operation that took place on October 26th. [Continue reading…]

Hanli Lombard’s MulaUp cycler Ponzi scheme has collapsed for a fourth time.

As per a recent newsletter sent out to investors, a fifth “MulaUp Mobile” reboot is planned. [Continue reading…]

After months of nonsense and at times even flat out lies, Awakend has finally begun shipping its Zenith weight loss supplement.

Just one problem… the shipped Zenith has completely different ingredients to what Awakend has been marketing since August. [Continue reading…]

The Supreme Court has denied BitConnect scammer Glen Arcaro’s petition for a writ of certiorari. [Continue reading…]

Alan Friedland’s NRGY Ponzi scheme has long since collapsed.

It was the typical Ponzi pump and dump, never recovering from the initial withdrawal theft of funds by early investors.

NRGY investors are now being funneled into StarStake, a failed NFT platform that recently launched a fraudulent investment scheme. [Continue reading…]

Financial Education Services’ court-appointed Monitor (formerly Receiver), has filed his first report.

Overall FES has taken steps to address compliance, but top earners appear to still be flouting rules. [Continue reading…]

OmegaPro appears to have reached critical mass.

Following a bonus investment promotion, the Ponzi scheme has now rolled out its own crypto token exit-scam. [Continue reading…]

When I added Ommyo to BehindMLM’s review list, domains I associated with the company included:

• ommyo.net – affiliate log in page, privately registered on June 11th, 2022
• ommyo.space – privately registered on May 28th, 2022
• ommyo.news – crypto spam site with articles stolen from other sites, privately registered August 5th, 2022

A few days ago I noted “ommyo.space” had its website hosting suspended.

The domain has since been disabled.

“Ommyo.space” was Ommyo’s primary public-facing website. I’m not sure what the story is behind it being disabled.

Operation of Ommyo has shifted to Telegram, a communication platform synonymous with scams.

Originally linked from the defunct “ommyo.space” domain, Ommyo uploaded its first YouTube video on August 3rd.

In the video, Ommyo strongly represents ties to Dubai and Sheik Ahmad Bin Faisal Al Qassimi.

The Qassimis are a royal family of crooks. BehindMLM documented the Qassimis’ ties to OneCoin in 2021.

Heading up Ommyo is Tomasz Zaleski:

On LinkedIn Zaleski claims to be “Chairman of the Group of companies of HH Sheikh Ahmed Bin Faisal Al Qassimi”.

His Excellency Tomasz Zaleski is one of the most influential leaders in the Arab world and is the perfect member of parliament, we as a society want to see represent us today.

At time of publication, traffic to Ommyo’s website isn’t enough to register on SimilarWeb. What I can say is most of the Ommyo marketing I came across is from Indians targeting Indians.

Evident by its ties to Zaleski and the Qassimi crime family, Ommyo itself is obviously operated from Dubai.

In addition to Zaleski, other individuals that feature in Ommyo’s marketing are Xavier Murtza, Gurjinder Kaur and Gabrielli Vieira.

• Xavier Murtza cites himself as Ommyo’s CEO on Instagram, he’s also CEO of the failed exchange CryptoSX
• Gurjinder Kaur is a former HyperFund/Hyperverse Ponzi promoter
• Gabrielli Vieira doesn’t appear to have an MLM history

BehindMLM’s guidelines for Dubai are:

1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
2. If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

If you want to know specifically how this applies to Ommyo, read on for a full review. [Continue reading…]

Zylo Trade fails to provide verifiable ownership and executive information on its website.

A list of “team” members is provided, however these all appear to be random stolen stock and profile photos.

Zylo Trade’s website domain (“zylotrade.com”), was privately registered on August 18th, 2022.

Despite note existing up until a few months ago, Zylo Trade falsely claims it was “founded in 2018”.

Two weeks ago Zylo Trade uploaded a Boris CEO marketing video to its official YouTube channel.

The actor playing CEO “Johns Duncans Alexander” has a non-native English accent. It’s not the typical eastern European and I’m unable to 100% place it (South America, Spain or Italy maybe?).

Obviously hired after the fact, Alexander doesn’t appear on Zylo Trade’s “our team” website page.

Here’s a second video, in which the Alexander actor very awkwardly reads a prepared script.

Regardless of who he actually is, Johns Duncans Alexander doesn’t exist and everyone in Zylo Trade’s marketing video is an actor.

Tellingly, Zylo Trade has disabled comments on its YouTube videos.

Zylo Trade’s official FaceBook page is managed from India:

From this we surmise Zylo Trade is likely being operated from Russia, Ukraine and/or India.

In what appears to be an attempt to mask this, Zylo Trade provides an unrelated corporate address in the UK.

Zylo Trade also provides shell company certificates for the UK, US, Kenya, Nigeria, Pakistan and Uganda, all of which are meaningless with respect to due-diligence.

SimilarWeb tracks top sources of traffic to Zylo Trade’s website as Italy (9%), Russia (9%) and Brazil (6%).

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…]

Coming off the collapse of Peace Ranch, a “click a button” Ponzi app that targeted South Africa, two similar ranch themed Ponzis target Indians.

Nestle Ranch launched on or around May 2022. Despite the name, Nestle ranch has nothing to do with the well known brand. [Continue reading…]