7Eleven-INS Review: Generic fintech ruse Ponzi

7Eleven-INS fails to provide ownership or executive information on its website.

7Eleven-INS’ website domain (“7eleven-ins.com”), was privately registered on May 30th, 2024.

On its website 7Eleven-INS claims to have “more than 45 thousand investors”. The company also claims to have won several awards dating back to 2017.

Based on 7Eleven-INS only existing for about a month and a half, the marketing claims on its website are obviously false.

The Chicago address 7Eleven-INS provides on its website appears to be a random office building that has nothing to do with the company.

Of note though is the UK’s FCA citing a firm for securities fraud in 2022, purportedly claiming to operate from the same address.

Whether the same scammers behind Horizon Crypto are also also behind 7Eleven-INS is unclear. What we can confirm though is at least one group of scammers have used the seemingly random Chicago address 7Eleven-INS pretends to operate from.

In an attempt to appear legitimate, 7Eleven-INS provides a BVI Investment Business License on its website:

Given the certificate is dated October 2018, it’s either doctored or has nothing to with 7Eleven-INS.

Notwithstanding BVI being a scam-friendly jurisdiction with little to no regulation of MLM related fraud. 7Eleven-INS representing any ties to BVI is an immediate red flag.

With respect to actual regulation, the Central Bank of Russia issued a 7Eleven-INS pyramid fraud warning on June 25th, 2024.

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…]


EXW Wallet verdicts delayed to September 2024

Verdicts against EXW Wallet defendants, including co-founder Ben Herzog, were expected to be handed down this month.

Austrian authorities have now made new filings in the criminal case, delaying verdicts to at least September. [Continue reading…]


Forever USDT Review: Stolen identity “click a button” Ponzi

Forever USDT fails to provide ownership or executive information on its website.

Forever USDT’s website domain (“foreverusdt.com”), was registered with bogus details on June 16th, 2024.

Of note is Forever USDT’s website domain being registered through the Chinese registrar Alibaba (Singapore).

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…]


Ranieri Assets Review: Generic fintech ruse Ponzi

Ranieri Assets fails to provide ownership or executive information on its website.

Ranieri Assets’ website domain (“ranieriasset.com”), was first registered in 2015. The private domain registration was last updated on June 22nd, 2024.

Through the Wayback Machine we can see Ranieri Assets’ domain was for sale as of March 2022.

Ranieri Assets’ website as it appears today appears to have been uploaded in late 2023.

Despite existing for less than a year, on its website Ranieri Assets pretends it has been around since 2015.

Ranieri Assets provides two corporate addresses on its website, neither of which has anything to do with the company.

Ranieri’s provided Toronto, Canada address is owned by Davinci Virtual Office. Ranieri Assets’ Delaware address is random office space.

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…]



BFO Exchange Review: Trading ruse “click a button” Ponzi

BFO Exchange fails to provide ownership or executive information on its website.

BFO Exchange’s website domain (“bfo188.com”), was registered with bogus details on December 24th, 2023.

In an attempt to appear legitimate, BFO Exchange provides a Colorado shell company certificate for BFO Exchange LLC:

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.

BFO Exchange has already attracted the attention of financial regulators. The Philippine SEC issued a BFO Exchange securities fraud warning on June 13th, 2024.

If we look at the source-code of BFO Exchange’s website we can see localization is set to Chinese:

This suggests whoever is running BFO Exchange 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…]


Truly Essential Review: “Ultra-pure water” hydration

Truly Essential is part of Simple Distributing LLC and operates in the nutritional supplements MLM niche.

Truly Essential doesn’t provide a corporate address on its website. The company’s “Terms and Conditions of Use” however states,

This Agreement is governed by and shall be construed in accordance with the laws of the State of Michigan.

You agree the exclusive venue for any dispute between SD and You arising out of this Agreement or Your use of this Site will be in the state and federal courts in Oakland County, Michigan or the United States District Court for the Eastern District of Michigan, as appropriate.

Heading up Truly Essential is founder Manoj Bhargava (right).

Bhargava is well-known enough to have his own Wikipedia page, on which a relatively detailed history of his past is presented.

Notably Bhargava doesn’t have an MLM history but he does have extensive ownership and corporate experience.

Truly Essential, launched a few months ago, appears to be a continuation of hydration business interests Bhargava launched last year.

 In 2023, Bhargava launched several hydration drink brands – True Hydration, Cellular Hydration, and Natural Glow Hydration.

The intracellular hydration drinks boast a sugar- and sodium-free formula, and are made using the reverse-osmosis technology Bhargava developed for HANS Premium Water.

Read on for a full review of Truly Essential’s MLM opportunity. [Continue reading…]


TLC Trading has no Liga Insurance contract (verified)

Liga Insurance’s Head of Marketing has reached out to BehindMLM to confirm TLC Trading has no insurance contract with the firm. [Continue reading…]



Jump Mining Review: Crypto mining “click a button” app Ponzi

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

While Jump Mining does provide a list of executives, they are represented by fake names and stolen profile photos.

Jump Mining’s website domain (“jumpmining.com”), was privately registered on March 6th, 2024.

Jump Mining has already attracted the attention of financial regulators. The Philippine SEC issued a Jump Mining securities fraud warning on June 13th, 2024.

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…]


Mega Capitals Review: Trading ruse MLM bitcoin Ponzi

Mega Capitals fails to provide ownership or executive information on its website.

Mega Capitals’ website domain (“mega-capitals.org”), was privately registered on May 10th, 2024.

Despite only existing for just under two months, on its website Mega Capitals falsely claims it launched in September 2022.

On the regulatory front, the Central Bank of Russia issued a Mega Capitals pyramid fraud warning on June 20th, 2024.

In an attempt to appear legitimate, Mega Capitals provides a UK incorporation certificate for Mega Capital Holdings LTD.

Mega Capital Holdings LTD was incorporated in 2022, two years prior to Mega Capitals existing.

In addition to that, an MLM company operating or claiming to operate out of the UK is a red flag.

UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA banned MLM crypto investment schemes as of October 2023.

This is from Mega Capitals’ website FAQ;

What do I need to start investing with Mega Capitals?

First of all, you need to register a new account, select an investment plan and make a deposit of at least $10 through the popular payment systems.

What payment methods can I use to make a deposit?

For Now we accept only Bitcoin and we plan to extend the list of the accepted payment methods soon.

From this we can surmise Mega Capitals is operating illegally in the country it represents it is based out of.

And that’s before we’ve even gone over Mega Capitals’ business model. Read on for a full review of Mega Capitals’ MLM opportunity. [Continue reading…]


GPTBot USDT Review: Stolen identity “click a button” Ponzi

GPTBot USDT fails to provide ownership or executive information on its website.

GPTBot USDT operates from two known website domains:

  1. gptbot-usdt.com – registered with bogus details on June 20th, 2024
  2. gptbot-usdt.cc – registered with bogus details on June 20th, 2024

If we look at GPTBot USDT’s website source-code, we find Chinese:

This suggests whoever is running GPTBot USDT has ties to China.

GPTBot USDT has already attracted the attention of financial regulators. The Central Bank of Russia issued a GPTBot USDT pyramid fraud warning on June 28th, 2024.

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…]