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

The following individuals are presented as Mitotic Money’s executives:

Fake social media profiles were created for the individuals in mid 2022.

Some effort has gone into making these profiles appear older than they are, but this is easily caught out:

Mitotic Money’s “Leonard Rudd” is actually Cesar Millan from Venezuela.

The actor playing CEO “Thomas Baker” has committed to the role. He appears in several Mitotic Money marketing videos:

These are your usual Boris CEO productions; a rented office with marketing props.

All of the actors in Mitotic Money’s earlier marketing videos have a Latin American accents. This fits with Cesar Millan being from Venezuela.

Boris CEO MLM companies are typically the work of eastern European scammers. To that end we have two marketing videos uploaded on April 6th and 7th, 2023.

“Kate” is represented to be an animator from Ukraine. She speaks in Russian.

“Ron” is an investment banker. He speaks English with an eastern European accent. Both Kate and Ron are obviously actors.

It appears Mitotic Money might have lost its original South American acting team. On April 12th the company uploaded a video portraying a “Russia Crypto Live Event”:

This video features more actors and the event was purportedly shot in Bashkortostan, Russia.

One last thing to note is Mitotic Money’s official FaceBook page is managed from India:

Putting all of this together;

1. Mitotic Money started off with South American actor executives, most likely from Venezuela;
2. Boris CEO scams are usually the work of eastern Europeans, and Mitotic Money’s Russian roots emerged in marketing videos over the past month; and
3. the scammers behind Mitotic Money are using Indians to manage their social media (and probably web development)

In an attempt to hide all of this, Mitotic Money presents two incorporation certificates on its website:

1. Mitotic Money Investments LLC was purportedly incorporated in the US state of Kentucky in February 2022
2. Mitotic Money Organization LTD was purportedly incorporated in the UK on January 5th, 2023

Due to the ease with which scammers can incorporate shell companies with bogus details, for the purpose of MLM due-diligence basic incorporation in any jurisdiction is meaningless.

Mitotic Money’s website domain (“mitoticmoney.com”), was first registered in March 2021. The private registration was last updated on October 29th, 2022.

Early development for Mitotic Money’s website began in late 2021.

The website remained in a template state until the current website design was uploaded in or around November 2022.

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…]

Unicorn Ultra fails to provide ownership or executive information on its website.

Unicorn Ultra operates from two known website domains:

1. u2sto.xyz – privately registered on December 14th, 2022
2. uniultra.xyz – privately registered on December 5th, 2022

Marketing videos on Unicorn Ultra’s website suggest the company is targeting Vietnam.

Over 200 guests attended the Unicorn Ultra Community Offline Event on April 15th at Tan Son Nhat Pavillon in Ho Chi Minh City, to hear specialists from Unicorn Ultra share their perspectives and analyze the blockchain market.

This suggests Unicorn Ultra is being run from Vietnam but I wasn’t able to definitively confirm.

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…]

BitRobot admin Laurent Myriam Claude Barthelemy has been arrested in Brazil. [Continue reading…]

Be has received a pyramid fraud warning from the Central Bank of Uruguay.

As I understand it Be is promoted in Uruguay and possibly other South American countries as “Sky Team Experience”. [Continue reading…]

Trust Your Universe has rebooted as Universe Academy.

The move follows multiple securities fraud warnings from financial regulators. [Continue reading…]

Joshua David Nicholas has copped a $300,026 judgment in the SEC’s EmpiresX civil fraud case.

As per an April 19th order approving Nicholas’ Consent Judgment; [Continue reading…]

VidiLook’s collapse has gone from bad to worse, following news over 10,000 investor accounts have been disabled.

KYC has also been implemented to keep disabled accounts inactive. [Continue reading…]

We Are All Satoshi operates in the MLM cryptocurrency niche.

The company’s website domain (“wearesatoshi.org”), was privately registered on April 5th, 2023.

Front and center on We Are All Satoshi’s website is notorious Ponzi scammer Sam Lee:

With partner in crime Ryan Xu, Lee launched HyperCash, HyperCapital, HyperFund and Hyperverse – all Ponzi schemes in which the majority of investors lost money.

After those Hyper* Ponzi schemes came HyperNation and HyperOne, although Lee’s direct involvement in those follow-ups is less clear.

Lee spent most of 2022 hiding in his Dubai apartment. Originally from Australia, Lee fled to the MLM crime capital of the world in 2021 as HyperFund took off.

In late 2022 Lee reemerged with StableDAO. Aimed at victims of Lee’s previous scams, StableDAO pitched an 11% a month return.

StableDAO also served as a scam incubator platform, through which Lee has launched StableOpinion and VidiLook.

StableOpinion failed to gain any significant traction. VidiLook did but collapsed on April 21st.

Fresh off VidiLook’s collapse we now have We Are All Satoshi, marking Lee’s third StableDAO spinoff.

Read on for a full review of We Are All Satoshi’s MLM opportunity. [Continue reading…]

Validus co-founder Mansour Tawafi has issued a statement begging investors to keep recruiting despite withdrawals being disabled. [Continue reading…]

Maxpread Technologies and suspected co-owner Jan Gregory Cerato have received a securities fraud warning from California’s DFPI.

As per an April 19th order, Maxpread Technologies and Cerato have been accused of securities fraud.

Effective immediately, Maxpread Technologies and Cerato have been ordered to cease doing business in California. [Continue reading…]