LSSC, or Lightning Scooter Shared Company, has received a securities fraud warning from the British Columbia Securities Commission (BCSC).

As per BCSC’s June 23rd LSSC fraud warning; [Continue reading…]

JetCoin Ponzi admin Dwayne Golden has been sentenced to eight years in prison. Eight years was the maximum range the DOJ sought in pre-sentencing filings.

As per a judgment filed on June 27th, Golden was also ordered to pay $2.46 million in forfeiture. [Continue reading…]

Vincent Anthony Mazzotta Jr. has pled guilty to conspiracy to obstruct justice and money laundering. [Continue reading…]

My Crypto Consult is an MLM crypto Ponzi built around GLAM tokens. Launched in 2019, My Crypto Consult is and has been dead for a while.

As of April 2025, SimilarWeb was tracking just over 6000 monthly My Crypto Consult website visits. That grew to around 9000 for May, coinciding with the transition to crypto node fraud. [Continue reading…]

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

IBM USDT’s website domain (“ibm.hbdfqz.com”), was privately registered on May 8th, 2025.

IBM USDT has already attracted the attention of financial regulators. The Central Bank of Russia issued an IBM USDT pyramid fraud warning on June 18th, 2025.

If we look at the source-code of IBM USDT’s website support, we find it runs on the Meqia platform:

Meiqia is a Chinese software company based out of Beijing. This suggests whoever is running Visionary AI Cinema 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…]

DareVita fails to provide ownership or executive information on either of its website.

DareVita operates from two known website domains:

1. darevita.com – first registered in 2012, private registration last updated on May 11th, 2025
2. mydarevita.com – privately registered on November 18th, 2024

DareVita’s official FaceBook page was created in September 2024. Thus it appears DareVita went live in late 2024.

DareVita’s website terms and conditions suggests it is run through DareVita International Inc., a Wyoming shell company.

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…]

HB 162 MLM “house bill” has passed Delaware’s House of Representatives. [Continue reading…]

Nexa Evergreen Ponzi founders, Subhash and Ranveer Bijarani, have made off with Rs. 26.7 billion (~$309 million USD). [Continue reading…]

Mirror Trading International’s South African liquidators have bungled court proceedings in the UK.

As reported by Moneweb on June 18th, MTI’s liquidators filed a “UK application” to avoid a statute of limitation in South Africa. [Continue reading…]

EnerUp World presents itself as

a licensed Canadian company specializing in the manufacturing and B2B distribution of high-quality food supplements, skincare, organic and natural products, cosmetics and aromatherapy essential oils and diffusers.

EnerUp World operates from the domain “enerupworld.com”, privately registered on November 29th, 2016.

While Enerup World’s website does have an “our team” menu option, for reasons unknown it is currently disabled:

Further research reveals Janneth Dacay Formentera presented as Enerup World’ President and CEO.

As per Formentera’s Enerup World corporate bio;

Janneth Formentera is President and CEO of EnerUp World, Janneth oversees operation of the company’s direct selling since its inception in December 2016.

She studied Dental Medicine in Davao City, Philippines. Migrated in Canada in 2009 and studied in Bow Valley College as Health Care Aid, worked as a nursing attendant and insurance broker together with her husband for three years in Calgary, Alberta, Canada.

As above, it doesn’t appear Formentera has any MLM executive experience prior to launching Enerup World.

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