Modere has collapsed. Earlier today the company published a goodbye message on its website.

It’s understood that Modere distributors had no prior notice of the collapse. That said, the signs were there. [Continue reading…]

QT Bot fails to provide ownership or executive information on its website.

QT Bot’s website domain (“559aa.me”), was registered in November 2024. The private registration, which only reveals the registrant’s country as China, was last updated on March 26th, 2025.

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…]

The “VTS” in VTS Fund supposedly stands for “Vector Technology Solution”.

VTS Fund fails to provide ownership or executive information on its website.

Further research reveals VTS Fund citing Stefan Herz as CEO and Andrew Skelzen as CFO:

Over on YouTube we find a rented office marketing video, in which Herz is played by a German-speaking actor in a wig with glasses:

Boris CEO MLM schemes are typically run by eastern European scammers (Russia, Ukraine and/or Belarus). To that end the actor playing Andrew Skelzen has a typical eastern European accent.

Update 14th April 2025 – The actor playing VTS Fund’s Andrew Skelzen has a history of playing fictional executives in Russian Ponzi schemes.

The same actor appeared as “Alex Kapperis” for Resonance Capital:

Resonance Capital was a Boris CEO MLM crypto Ponzi launched in 2017. Kapperis was presented as Resonance Capital’s “Chief Manager of Finance Projects”. /end update

In an attempt to hide its Russian origins, VTS Fund provides investors with a shell company certificates for the UK and Singapore.

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.

VTS Fund’s website domain (“vtsfund.com”), was privately registered on September 9th, 2024.

Despite not existing prior to September 2024, on its website VTS Fund falsely states it was “founded in 2023”.

Of note is VTS Fund providing investors with a purported Aviva insurance contract;

Fake insurance contracts aren’t common but have been presented by Boris CEO Ponzi schemes before.

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…]

Q-Research fails to provide ownership or executive information on its website.

Q-Research’s website domain (“q-research.vip”), was registered with bogus details on March 27th, 2025.

Of note is Q-Research’s website domain being registered through the Chinese registrar Alibaba (Singapore).

Q-Research has already attracted the attention of financial regulators. The Central Bank of Russia issued a Q-Research pyramid fraud warning on April 8th, 2025.

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…]

Asset Profit Edge Market fails to provide verifiable ownership or executive information on its website.

While Asset Profit Edge Market does provide a list of executives on its website…

…these are stolen identities that have nothing to do with the company. One can verify this through a few simple Google searches.

Asset Profit Edge Market’s website domain (“asset.profitedgemarket.com”), was privately registered on September 6th, 2024.

In an attempt to appear legitimate, Asset Profit Edge Market provides a poorly doctored UK shell company certificate on its website.

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…]

In a bid to shirk legal responsibility for running a $29 million gifting scheme, Marlon and LaShonda Moore have had a sovereign citizen meltdown.

The court isn’t buying it, their attorneys have bailed and LaShonda and Marlon have been arrested again. [Continue reading…]

Twelve years ago Michael Deese launched the MyAdvertisingPays Ponzi scheme.

MyAdvertisingPays, or MAPS as it was called, is believed to have defrauded US and Europe residents out of tens of millions of dollars.

By late 2015 MyAdvertisingPays was on the verge of collapse. The Ponzi limped along throughout 2016, with withdrawals halting in early September.

Post collapse, Malta issued a MAPS fraud warning in November 2016.

As part of MAPS’ exit-scam ruse, Deese (right) claimed investor funds had been frozen.

To that end in December 2016, Deese filed suit against VX Gateway alleging theft of $60 million.

Deese’s lawsuit cited the owners of VX Gateway as Celia Dunlop and Timothy Mackay, then alleged Texas residents. [Continue reading…]

Simo Power fails to provide ownership or executive information on its website.

Simo Power’s website domain (“simopower.com”), was privately registered on March 22nd, 2025.

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…]

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

Mosca’s website domain (“moscaworld.com”), was privately registered on November 3rd, 2024.

Further research reveals four Mosca ringleaders; Greg Baldwin (founder and CEO), Spencer Iverson, Jonathan Green and Derek Brown.

Baldwin appears to be a random crypto bro from Ohio. This corresponds with a rented office suite address in Ohio provided on Mosca’s website.

Baldwin not having a publicly verifiable MLM history is a minor red flag.

Spencer Iverson and Jonathan Green are long-time business partners. Along with Derek Brown, they’re promoting Mosca through “FortuneHub”.

BehindMLM last came across Iverson and Green as co-founders of TRVL in 2021.

TRVL was a typical discounted travel MLM pyramid scheme. Having failed to gain traction, TRVL was sold off to DreamTrips International within a year of launching.

Of note is recent promotion of E1ULife through FortuneHub.

E1ULife is an MLM crypto pyramid turned gifting cycler fronted by David Golden, son of convicted fraudster Dwayne Golden.

Why FortuneHub promoting illegal MLM crypto schemes is noteworthy will become apparent as we get into Mosca’s business model.

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…]

Both the GSB and Apertum Texas fraud hearings have been delayed.

Following a scheduling notice filed last week, the Texas State Securities Board was set to face off against Apertum and owner Josip Heit on Tuesday April 8th.

The hearing was rescheduled sometime yesterday for  May 27th and 28th. At time of publication I don’t have a reason for the delay. [Continue reading…]