Authorities in Kyrgyzstan have arresed several local promoters of the collapsed Finiko Ponzi scheme.
Criminal police officers detained suspects in organizing the FINIKO financial pyramid.
This was reported by the press service of the Internal Affairs Directorate of the Leninsky district of the capital.
Local promoters of the scam were based out of an office in Bishkek, Kyrgyzstan’s capital city. [Continue reading…]
Kirill Doronin has claimed reports of Finiko’s collapse “are fake” and that investor funds “will be returned”.
Doronin intends to pay back Finiko victims by launching a new Ponzi scheme. [Continue reading…]
I was disappointed to learn WeWe Global wasn’t a nod to urine aficionados around the world.
Instead the company’s name is an acronym for “World Enhanced Wealth Ecosystem Global”. I much prefer WeWe Global though so we’ll stick with that.
WeWe Global provides no information on its website about who owns or runs the company.
WeWe Global’s website domain (“wewe.global”) was registered in January 2020.
The owner of the domain is “DigiTech Service LTD”, through an incomplete address in the British Virgin Islands.
In the FAQ section of WeWe Global’s website, the company claims it is owned by “WEWE-DAO and company “DIGITECH SERVICES LTD” BVI”.
The British Virgin Islands is a scam-friendly jurisdiction with no active regulation of MLM related fraud.
For this reason you should avoid any MLM company incorporated or representing it is incorporated there.
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…]
Team Travel MVP provides no information on its website about who owns or runs the company.
Team Travel MVP’s website domain (“teamtravelmvp.com”) was initially registered in March 2019.
The private registration was last updated on March 10th, 2021.
Further research reveals Tony Verran citing himself as CEO of Team Travel MVP on LinkedIn.
According to his profile, Verran is based out of California. This syncs with a corporate suite address in California provided on Team Travel MVP’s website.
Verran’s LinkedIn profile cites him as CEO of Team Travel MVP since July 2016.
I believe Team Travel MVP is a reboot of My Dream Sports Biz, a collapsed MLM company launched on or around 2011.
Affiliate marketing copy credits Verran as the creator and CEO of My Dream Sports Biz.
I wasn’t able to ascertain whether Verran had any other MLM experience. Why his corporate bio isn’t provided on Team Travel MVP’s website is unclear.
Read on for a full review of Team Travel MVP’s MLM opportunity. [Continue reading…]
A bizarre OneCoin “relaunch” website has popped up.
A video promo on the site features a DeepFakes actor playing OneCoin founder Ruja Ignatova. [Continue reading…]
Steve Chiang has rebooted his Global Sponsorship Network Ponzi scheme for the third time in a year. [Continue reading…]
Kristijan Krstic, head of a Ponzi empire that allegedly bilked consumers out of $70 million, has been released from custody.
Pending a decision from the European Court of Human Rights, Krstic will remain under house arrest till August 16th. [Continue reading…]
A Third Forfeiture Bill of Particulars has revealed millions of dollars in cash, crypto and assets the DOJ hopes to recover from Matt Goettsche. [Continue reading…]
Mining City’s original shitcoin, Bitcoin Vault (BTCV), is currently sitting at around ~$17.
Worse still, BCTV investors through Mining City are receiving cents a day. [Continue reading…]
In what appears to be an effort to keep its HyperFund Ponzi afloat, HyperTech is now soliciting investment into mining contracts.
HyperMining was revealed last month by HyperFund CEO Jayden Wei.
Wei (right) is one of HyperTech owner Ryan Xu’s blockchain bros.
Wei is purportedly based out of Australia but also travels to Dubai, the MLM scam capital of the world.