Battle for Qyral: Hanieh Sigari sues husband Dariusz Banasik

Delivering on her communication to Qyral consultants a few days ago, founder Hanieh Sigari has sued husband Dariusz Banasik. [Continue reading…]


Quantum Club Review: $14,997 “Hulk Smash” AI trading bot

Quantum Club surfaced last year and operates in the forex and commodities trading MLM niche.

Quantum Club’s website domain “quantumclub.ai”, was privately registered on December 12th, 2023.

Initial research into Quantum Club revealed it was headed by David Wood and two other undisclosed co-founders.

That remains the case, with Quantum Club’s website nothing more than an affiliate signup/log in form as of March 2024.

No information about Quantum Club, its owners, executives or products are provided.

While we know David Wood is based out of Costa Rica, where Quantum Club is operating from remains unknown.

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…]


InvesableAI under investigation in Singapore

InvesableAI and the scammers behind it are under investigation in Singapore.

As reported by the Straits Times on March 24th; [Continue reading…]


TethEx Review: Russian Dubai MLM crypto Ponzi

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

TethEx’s website domain (“tethex.io”), was privately registered on November 17th, 2023.

In the footer of TethEx’s website we have a vKontakte profile link and Telegram link for the account “tethex_ru”.

Over on TethEx’s official Instagram account we find marketing material in Russian:

On YouTube we find more TethEx Russian marketing, headed up by this guy:

Quite obviously, whoever is running TethEx has ties to Russia.

To that end, TethEx has already attracted the attention of Russian regulators. The Central Bank of Russia issued a TethEx pyramid fraud warning on February 13th, 2024.

On its website, TethEx further represents ties to Dubai.

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.

BehindMLM’s guidelines for Dubai are:

  1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
  2. If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

If you want to know specifically how this applies to TethEx, read on for a full review. [Continue reading…]



TronCash Review: Eight-tier TRX Ponzi cycler

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

TronCash’s website domain (“troncash.net”), was privately registered on February 29th, 2024.

Of note is TronCash’s official FAQ document was authored by “Laiba Zafar”. I wasn’t able to ascertain anything further on this individual.

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…]


Qyral CEO Hanieh Sigari removed for “alleged fiduciary breaches”

An email sent out to Qyral consultants claims founder and CEO Hanieh Sigari has been “removed” for “alleged fiduciary breaches”.

The email was sent out by Sigari’s husband, Darius Banasik. [Continue reading…]


Nelo Life adds securities fraud trading to MLM opp

Nelo Life has held a marketing webinar. Retail has been addressed but the company has also revealed securities and commodities fraud. [Continue reading…]



FutureNet’s Stephan Morgenstern to be extradited to S. Korea

FutureNet Ponzi scammer Stephan Morgenstern will be extradited from Albania to South Korea.

Following Morgenstern’s rearrest in Albania after he fled Greece last year, South Korean authorities renewed extradition proceedings. [Continue reading…]


Game Ocean Review: GOT token Ponzi scheme

Game Ocean fails to provide ownership or executive information on its website.

Game Ocean’s website domain (“gameocean.io”), was privately registered on January 16th, 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…]


Club4You Review: “Donations” ruse MLM gifting scheme

Club4You fails to provide ownership or executive on its website.

Club4You’s website domain (“club4you.net”), was first registered in 2018. The private registration was last updated on September 5th, 2023.

Of note is Club4You’s website defaulting to German, Club4You’s website source-code containing German and the company operating in euros.

As of February 2024, SimilarWeb also tracked the majority of Club4You’s website traffic originating from Germany (54%).

Putting all of this together, at the very least whoever is running Club4You appears to natively speak German. They also likely have ties to Germany or a German-speaking country.

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…]