Mark Davis’ AladdinBot Ponzi scheme has collapsed.

Davis is hiding from investors, withdrawals were disabled a few weeks ago and, at time of publication, AladdinBot’s website is no longer accessible. [Continue reading…]

When we last checked in on serial Ponzi scammer Jhony Depresseux a few years ago, things weren’t going so well.

A reader advises Depresseux is still scamming victims, but these days he’s mostly doing it “in secret”. [Continue reading…]

The SEC has confirmed a federal investigation into the NovaTech FX Ponzi scheme.

Following non-compliance of investigative subpoenas served on Dap Dunbar and Corrie Sampson, the SEC obtained a court order enforcing compliance. [Continue reading…]

GSPro has blocked Canadian investors from accessing its fraudulent “metacertificates” investment scheme. [Continue reading…]

Tower Staking fails to provide ownership or executive information on its website.

Tower Staking’s website domain (“towerstaking.com”), was privately registered on July 18th, 2023.

In an attempt to appear legitimate, Tower Staking provides a corporate address in Iceland on its website. The address is used by multiple virtual address service providers.

It is unlikely Tower Staking has any actual physical ties to Iceland.

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…]

FC Sports Football fails to provide ownership or executive information on its website.

FC Sports Football’s website domain (“fcsportsfootball.com”), was registered with bogus details on January 15th, 2024.

Of note is FC Sports Football’s domain being registered through a Chinese registrar. This suggests 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…]

GreatLife Worldwide hides ownership and upper executive information from consumers.

I say “hide” because while GreatLife Worldwide provides executive information on its website, it caps out at COO David Knappert.

Further research reveals GreatLife Worldwide marketing citing Greg Gunderson as founder of the company.

Funnily enough Gunderson is presented on GreatLife Worldwide’s website, but only as a “network marketing consultant”.

Why Gunderson is hiding ownership of GreatLife Worldwide is unclear.

In any event, Greg Gunderson is known to BehindMLM as founder and CEO of American Dream Nutrition.

BehindMLM last reviewed American Dream Nutrition in 2018. Across our first (2012) and second American Dream Nutrition reviews, autoship recruitment remained an unresolved compliance issue.

At time of publication American Dream Nutrition’s website is still up. For December 2023 however, SimilarWeb tracked just ~23,000 monthly visits.

A visit to American Dream Nutrition’s website reveals GreatLife Worldwide is a reboot.

Read on for a full review of the GreatLife Worldwide MLM opportunity. [Continue reading…]

BehindMLM first reviewed Manifest FX back in March 2022. We raised securities fraud concerns, owing to marketing of an unregistered forex trading bot scheme.

Co-founder and CEO Jimmy Bennett’s ties to Dubai was also a due-diligence red flag.

Shortly after our review was published, co-founder Josh Felts bailed and Manifest FX shortened its name to Manifest.

This appeared to be a cosmetic rebranding so BehindMLM didn’t publish an updated review.

Around mid 2023 we noted a trend where Bennett would put one of his underlings in charge of a shell company.

Said company would be promoted as a standalone entity, but underneath pointed back to Manifest.

BehindMLM documented two examples of this, Simply Success and The Latest Wave.

Simply Success collapsed. The Latest Wave’s website is still up but, over the past three months, SimilarWeb has tracked negligible website traffic.

Just shy of two years since our original Manifest FX review, a reader wrote in requesting an update.

Today we’re revisiting Manifest to see what Jimmy Bennett is up to in 2024. [Continue reading…]

Serial Ponzi scammer Sam Lee’s response to his criminal indictment is that victims “lied to regulators”.

Lee’s assertion was made on a recent webinar, amid reports Lee is gearing up to launch a new Ponzi. [Continue reading…]

A NovaTech FX investor has filed a RICO class-action in the Southern District of New York. [Continue reading…]