Cannerald, aka CannerGrow, has received a securities fraud warning from Germany’s BaFin.

As per BaFin’s October 14th warning, Cannerald AG is under “suspicion of public offering of profit participation certificates without required securities information sheet”.

BaFin’s wording is a bit janky but this is the equivalent of a securities fraud warning in other jurisdictions. [Continue reading…]

Indian authorities in Thane have made several arrests related to the Oris Team Ponzi scheme.

As reported by Maharashtra Mirror on November 19th; [Continue reading…]

After failing to respond to an SEC lawsuit filed against him, Trevon James has asked a court to set aside a recorded entry of default.

In a six-page October 18th filed pro-ser letter, James has also informed the court he doesn’t “have the Bitcoin to liquidate in order to pay these fines.” [Continue reading…]

Devon Oil fails to provide ownership or executive information on its website.

Devon Oil’s website domain (“devonn-oil.com”), was privately registered on November 3rd, 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…]

Igor Alberts and Andreea Cimbala have been evicted from their infamous “House of Dreams” mansion in Naarden. [Continue reading…]

The GSPartners victim claim portal has been delayed till sometime before the end of 2024. [Continue reading…]

ForCount’s Nestor Nunez has been sentenced to four years in prison.

At the conclusion of his sentence, Nunez will additionally be subject to an additional year of supervised release. [Continue reading…]

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

Continental USDT’s website domain (“continentalusdt.com”), was privately registered on October 26th, 2024.

Continental USDT has already attracted the attention of financial regulators. The Central Bank of Russia issued a Continental USDT pyramid fraud warning on November 8th, 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…]

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

MevBridge operates from two known website domains; “mevbridge.com” and “mevbridge.live”. Both of MevBridge’s domains were privately registered on June 20th, 2024.

MevBridge is being promoted by serial Ponzi promoter Sal Khan.

In one marketing video, cited above, Khan claims MevBridge has a “physical office in 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 MevBridge, read on for a full review. [Continue reading…]

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

DiyLike’s website domain (“diylike.vip”), was privately registered on October 19th, 2024.

DiyLike has already attracted the attention of financial regulators. The Central Bank of Russia issued a DiyLike pyramid fraud warning on November 8th, 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…]