Fun5 Exchange Review: FFV Ponzi points scheme

Fun5 Exchange operates in the cryptocurrency MLM niche.

The company does provide an executive team on their website, however none of these people appear to actually exist.

Someone also forgot to create fake LinkedIn profiles for them and/or disable the feature from Fun5 Exchange’s website theme.

Fun5 Exchange’s website domain (“fun5exchange.com”) was privately registered on February 24th, 2020.

In an attempt to appear legitimate, Fun5 Exchange provides a UK incorporation certificate.

The certificate corresponds to Fun5Exchange Limited, which was incorporated on February 26th, 2020.

UK incorporation is dirt cheap and effectively unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.

Official Fun5 Exchange marketing videos are narrated by someone with a distinctly European accent.

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…]


Billion Money Review: PAX gifting scheme

Billion Money provides no information about who owns or runs the company on its website.

Billion Money website domain (“billionmoney.live”) was privately registered on February 24th, 2020.

At the time of publication Alexa pegs India as the only notable source of traffic to Billion Money’s website (62%).

This suggests that whoever is running Billion Money is likely based out of India.

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…]


Fund My Home Review: Mortgage pre-screening @ ~$3839

Fund My Home’s advertised website at “fundmyhome.org” fails to provide information on company ownership or management.

I spotted a different URL in Fund My Home’s marketing materials (“realestatemortgagegrants.com”). Although hosted on a different domain, this website is Fund My Home branded and fills in the gaps.

Fund My Home is run by owner and President and Carlos Burattini. No information about him is provided on either of Fund My Home’s websites.

Possibly due to language-barriers, I was unable to find anything MLM related on Burattini.

His Facebook profile is for all intents and purposes blank but does reveal he’s based out of Florida.

That lead me to the Florida Real Estate Commission, who revoked Burattini’s real-estate license in 2010.

Burattini’s license appears to have been revoked due to public complaints. I wasn’t able to get specifics on any complaints.

Considering Fund My Home operates in the real-estate MLM niche, this is not a good look.

Read on for a full review of Fund My Home’s MLM business opportunity. [Continue reading…]


Finiko Review: 1% a day CFR Ponzi points scheme

Fininko’s website provides no information about who owns or runs the company.

In fact as I write this, Finiko’s website is nothing more than an affiliate login page.

Of note is Finiko’s website defaulting to Russian, suggesting that whoever is running the company is likely from Russia or a neighboring country.

At the time of publication Alexa cites Russia as the top source of traffic to Finiko’s website (70%).

Marketing videos on Finiko’s official YouTube channel are also in Russian.

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…]



Mining Up Review: Crypto cloud mining Ponzi scheme

Mining Up provides no information on their website about who owns or runs the company.

Mining Up’s website domain (“mining-up.com”) was privately registered on December 13th, 2019.

Alexa started recording trackable traffic to Mining Up’s website from January 2020.

On their website Mining Up provides an address in Tallinn, Estonia.

Given Alexa cites Brazil, Japan and Russia as the top three sources of traffic to Mining Up’s website, it is assumed Mining Up exists in Estonia, if at all, on paper only.

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…]


Bulavita claims M20 Boost inhibits growth of cancer cells

Bulavita is marketing their M20 Boost supplement as a way to “inhibit the growth of human cancer cells”.

Ruh-roh… [Continue reading…]


8 Figure Dream Lifestyle defendant’s crypto to be liquidated

Crypto help by the 8 Figure Lifestyle Dream defendants will be liquidated at the current market rate.

A preliminary injunction granted last July froze the assets of John Bain, Alex Dee, Brian Kaplan and Jerrold Maurer.

The above defendants ran the 8 Figure Dream Lifestyle gifting scheme. Last June the the FTC sued Bain, Dee, Kaplan and Maurer for telemarketing and consumer fraud.

The granted injunction, which froze the defendants assets, included their cryptocurrency holdings. [Continue reading…]



Crowd1 securities fraud warning issued in Mauritius

Mauritius’ Financial Service Commission has issued a securities fraud warning against Crowd1. [Continue reading…]


Elysium Network Review: Elysium Capital securities fraud

Elysium Network operates in the “money management” MLM niche.

The company provides three corporate addresses, in Hong Kong, Estonia and Sweden.

Heading up Elysium Network is founder, CEO and Chief Legal Officer Fred Pascal Stege.

As per Stege’s Elysium Network’s corporate bio;

Fred is an experienced C-level executive with a law enforcement background.

An entrepreneur and tech investor with a demonstrated history of working in management consulting roles in the affiliate marketing industry, he has a proven track record of success in Operations, Finance, Financial Markets, Trading, Marketing, Management and Sales in multi-billion US$ ventures.

According to Stege’s Facebook profile, he’s based out of Malmo, Sweden. Thus it appears Elysium Network exists in Hong Kong and Estonia in name only.

The earliest record of Stege’s involvement in the MLM industry I was able to find dates back to 2005. Stege was a co-owner of Vemma’s European, African and Israeli markets.

In 2010 Stege left Vemma. A year later he founded Origin Pure, a nutrition based MLM company.

BehindMLM came across Stege in our April 2014 review of Origin Unite.

On the executive side of things, Fred P. Stege appears to have been primarily involved in MLM lead generation and marketing.

By 2016 Origin Pure and Origin Unite had collapsed, prompting Stege to sign on as General Manager for Northern Europe at Jeunesse.

According to Stege’s LinkedIn profile, he held the position until May 2019.

Elysium Network was founded a few months ago (website domain reg last updated March 2020). Other components of the company appear to have been put in place starting mid to late last year.

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


ActiveGlobeBTC Review: 198% ROI bitcoin mining Ponzi

ActiveGlobeBTC provides no information on its website about who owns or runs the company.

The company claims to be “registered in Selham Selham, United Kingdom”, however the provided certificate is blank (literally a blank PDF file).

In any event, even if ActiveGlobeBTC was incorporated in the UK, UK incorporation is dirt cheap and effectively unregulated.

It is a favored jurisdiction for scammers looking to incorporate dodgy companies.

ActiveGlobeBTC’s website domain (“activeglobebtc.com”) was privately registered on December 12th, 2019.

Despite only coming into existence late last year, ActiveGlobeBTC claims it has been running for over 5000 days.

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…]