The proposed Family First Life robocal fraud class-action has been referred to mediation.

A 2024 trial date has also been scheduled. [Continue reading…]

Yesterday longtime BehindMLM reader GlimDropper shared a Nui update with us.

Through Nui International, Darren Olayan was offering 12 month crypto investment contracts.

Following a $595,000 securities fraud fine from Utah in late 2020, Olayan had been laying low.

Having abandoned his social media in December 2017 as multiple regulators launched investigations into Nui, Olayan had returned in mid January…

…to push NFTs. Hmm.

I ran a quick search on a connection between Nui and NFTs and turned up nothing. While I wasn’t able to confirm Nui International was still operating as an MLM company, I felt the new investment plans GlimDropper had shared warranted, at the very least, a review update.

And so I queued Nui for an update and proceeded to move onto putting together a review.

…but it bugged me. Why had Olayan returned to social media after two years to bang on about NFTs, when Nui wasn’t offering any?

It was here I fell down the rabbit hole of Olayan moving his Nui Ponzi scheme to Brazil. [Continue reading…]

Days after expecting investors to roll over backoffice amounts into a new 4.2% a day plan, Metafi Yielders has introduced withdrawal restrictions.

The compounding is up to 28% and is only available for the 4.2% package.

Complaints about the changes have been banned under threat of termination. [Continue reading…]

Mining Capital Coin co-founders Luiz Carlos Capuci and Emerson Sousa Pires have been sued by the SEC.

The SEC alleges Capuci and Pires offered an “irresistible investment opportunity”, but in reality ran a Ponzi scheme. [Continue reading…]

Mining Capital Coin co-founder and CEO Luiz Carlos Capuci Jr., has been indicted on wire and securities fraud charges. [Continue reading…]

Within days of founder Andrey Khovratov’s arrest in Russia last month, EvoRich announced a partnership with Bobcoin.

Now EvoRich affiliate investors are being ushered into Bobcoin, which for all intents and purposes has morphed into a exit-scam offramp. [Continue reading…]

MTC Education fails to provide ownership or corporate information on its website.

The company’s website domain (“mtceducation.io”), was privately registered on November 17th, 2021.

In an attempt to appear legitimate, MTC Education provides incorporation details for MTC Intellectual Limited and MTC Education PTY LTD.

These appear to be shell companies, incorporated in Hong Kong and Australia respectively.

For the purpose of MLM due-diligence, basic incorporation in any jurisdiction is meaningless.

The only executive I was able to pin to MTC Education was Chief Vision Officer Michael Sloggett.

Michael Sloggett, Was selected by the founders to take on the role as the Chief Visionary Officer of MTC Education.

Whoever owns MTC Education is referenced only as “the founders”. This is a red flag.

Another red flag is Sloggett’s past.

Prior to signing on with MTC Education, Sloggett co-founded MBA Trading Academy in 2017 (aka My Bitcoin Academy).

A paywalled article from the Townsville Bulletin states;

A Townsville crypto investor hit with serious criminal charges has been pushed out of his successful start-up after board members learned police had launched a federal money laundering case against him.

Headlines from the Townsville Bulletin suggest Sloggett is has been charged with “drug and money laundering offenses”.

I was able to glean a bit more through PressReader;

April 29th 2021: (Michael James Sloggett) is charged with a string of serious offences and is accused of cleaning more than $2m worth of dirty cash.

Detectives from Townsville’s Major Organised Crime squad … raided his … business address on April 13.

Officers seized $165,000 worth of cryptocurrency and eight vials of steroids.

The $2.5 million Sloggett is accused of laundering is alleged to be “the proceeds of crime”.

Sloggett appears to have gotten involved in MLM through WorldVentures, circa 2014.

WorldVentures was a pyramid scheme that buckled under bankruptcy in late 2020.

Over on FaceBook there’s an official private MTC Education group with 1100 members. John Grzybowski, Michael Sloggett and Philip Liang are admins of the group.

John Grzybowski cites himself as an MTC Education co-founder.

A crypto bro event poster on Grzybowski’s FaceBook profile reveals Craig Latham is MTC Education’s other co-founder.

John Grzybowski appears to be have been involved in social media crypto trading analysis since at least late 2020.

Other than being a crypto bro, Grzybowski doesn’t appear to have achieved anything notable professionally (at least nothing I could verify digitally).

As per a StockHead fluff piece from earlier this month, Craig Latham is a former teacher who ditched his special needs students over COVID-19 vaccination.

Latham left his job as a special needs teacher at a school in Melbourne’s western suburbs on October 15 to launch the business with his co-founder, John Grzybowski.

Latham said he wasn’t against vaccination, just mandates.

It’s not really a sticking point but Latham’s excuse doesn’t hold up.

As of October 2021, COVID-19 vaccinations had been freely and readily available in Melbourne for months. At that point anyone who wasn’t vaccinated was obviously against vaccination (for whatever reason).

To be clear: I’m not having a go at Latham for being anti vaccination. I’m calling him out for being disingenuous about it. It potentially speaks to his character as an MLM executive.

According to the StockHead piece, “Latham … learned trading from Sloggett and considers him a mentor.” Whether that means Latham came over from MBA Trading Academy or not is unclear.

Philip Liang is MTC Education’s Chief Sales Officer. He made a name for himself in MonaVie circa 2014.

After MonaVie was Isagenix, which seems to have died off sometime after 2016. There’s a 2016-2019 gap in Liang’s FaceBook profile, after which nothing MLM related appears.

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…]

I have a confession to make; I’ve had the OnPassive “The Top Live” event stream sitting open on a broswer tab now for over a month.

It has survived three or four browser updates and a couple of system reboots.

Every time I went to watch the 4.5 hour stream it I couldn’t get through more than a few minutes. My mind wandered and before you know it I was frantically clicking for any distraction to make the pain stop.

A while back I adopted a different strategy. Pulling the webinar from my YouTube account library, I loaded it up on my phone before bed.

I’d get comfortable, force myself to concentrate and… wake up the next morning with no recollection of the webinar and a dead phone battery.

This went on for a few weeks and I was no closer to getting through the “mega event”.

Today I decided enough was enough. One way or another I was going to get through this.

Turns out there was only twenty or so minutes of footage I needed to watch. [Continue reading…]

Typically MLM Ponzi schemes don’t start locking funds into higher ROI rates until after a few months at least.

By then recruitment has tapered off and it’s the inevitable run to the end. Why not sap as much as you can out of particularly greedy investors?

To that end Metafi Yielders have introduced a 4.2% daily ROI, to anyone gullible to lock in $10,000 for another 30 days. [Continue reading…]

Back in late March a Kripto Future Ponzi reboot was announced.

About a month and a half later, here’s how it’s going… [Continue reading…]