The long-running TriumphFX Ponzi scheme has collapsed.

TriumphFX stopped paying withdrawals as far back as August. Support is non-responsive and investors are being locked out of their accounts. [Continue reading…]

Theon Global operates in the nutritional supplement MLM niche.

Heading up Theon Global is owner Lawrence Puckett.

Puckett’s LinkedIn cites him as an owner and managing member of Theon Global since October 2020. Curiously, Theon Global LLC wasn’t set up in Texas until March 7th, 2022.

Puckett’s LinkedIn details an automotive history from 1996 to 2017.

In June 2019 Puckett (right) signed on a Vice President of sales for Navan Global.

Puckett’s LinkedIn cites him leaving Navan Global in May 2020. Navan Global’s owner, Haskell “Trey” Knight, was indicted for wire fraud a year later in May 2021.

The conduct Knight was indicted for predates Puckett’s involvement in Navan Global.

After leaving Navan Global, Puckett set up Theon Global in October 2020.

I believe Theon Global being set up as an LLC in Texas only a few months ago coincides with its launch as an MLM company.

This is based on Theon Global’s website domain being dormant until around the time Theon Global LLC was registered.

I’m unclear on what Theon Global was prior to relaunching itself as an MLM company.

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

The Steinkeller brothers have delayed the Italian OneCoin criminal case.

At a hearing aimed at separating Ruja Ignatova’s case, the Steinkeller’s attorney raised an objection over wiretapping. [Continue reading…]

2019 wasn’t a good year for Tom McMurrain.

In March 2019 CMDX was on the verge of collapse, prompting McMurrain to beg for $100,000.

Then in August CMDX was dumped from the only public exchange McMurrain was able to get it listed on.

After that CMDX went into stagnation and effectively collapsed.

On June 1st 2022, McMurrain acquired the domain “databank.me”.

On August 2nd CMDX’s old website domain was redirected to DataBank, and McMurrain rebooted his failed crypto grift.

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

Enigma Network launched in late 2021. BehindMLM published its Enigma Network review on January 18th, 2022.

In reviewing Enigma Network, we found an MLM opportunity providing access to an automated trading bot.

Although Dave Wiltz was credited as Enigma Network’s founder and President, J. Joshua Beistle and Doug Wellens were behind the company.

I can’t tell you exactly when Enigma Network collapsed but its official FaceBook page was abandoned in May 2022.

SimilarWeb also tracks negligible traffic to Enigma Network’s website over the past three months.

Enigma Network’s collapse has prompted the launch of BFX Standard, essentially the same scheme with a different name. [Continue reading…]

Immigration officials in Ghana have arrested 36 scammers, accused of participating in a recruitment sweatshop.

As reported by My Joy Online on October 6th;

Most of the suspects are West African nationals alleged to have arrived in Ghana under the pretext of securing jobs in different companies.

They were later recruited to engage in network marketing.

To make ends meet, the suspects lure other people to fall victim to the alleged scam.

The MLM company the scammers were recruited into themselves isn’t named. [Continue reading…]

Just over a year after it launched, Mfinity Global has been sold off to Kannaway’s parent company, Medical Marijuana. [Continue reading…]

QNet has received a pyramid scheme fraud warning from Russia.

As per the Central Bank of Russia’s October 6th warning, QNet exhibits “signs of a financial pyramid” scheme. [Continue reading…]

Back in July 2020 Mark Seyforth hitched his company LifeTRNDS to Crowd1.

Crowd1 is a Dubai-based Ponzi scheme run by Swedish national Jonas Werner.

Seyforth getting into bed with Crowd1 was a mutually beneficial arrangement; Crowd1 crowed about having products, Seyforth received a cut of money stolen through the Ponzi.

As of mid 2021, Seyforth was still on the Crowd1’s Ponzi payroll:

In an October 2021 Crowd1 marketing video, Seyforth suggested he was going to attach Cforth to Crowd1.

A lot of the people in Crowd1 don’t realize right now, that we’re in the middle of transitioning to a new platform after the first of the year. Now now.

We’ve taken, we’ve changed the platform a little bit. We’ve made it a little more robust, we’ve got a little more hotels and resorts in there.

Whatever plans for Cforth integration Seyforth had for Crowd1 had in late 2021, appear to have fallen through.

Today there’s no mention of Seyforth, LifeTRNDS or Cforth on Crowd1’s website.

From this we can conclude that Seyforth and LifeTRNDS quietly left Crowd1 sometime between late 2021 and early 2022.

Seyforth originally launched Cforth in Q2, 2021.

Circa May 2022, Seyforth rebooted Cforth with a “grand opening”:

Crowd1 doesn’t feature in the thirty-five Cforth launch video. Nor is there any mention of Crowd1 on Cforth’s website.

Crowd1 hasn’t mentioned LifeTRNDs or Seyforth on its official FaceBook page since September 2021:

Joining Seyforth in running Cforth is former Crowd1 Business Development Director Fredrik Stael von Holstein.

Seyforth appears to have poached von Holstein and appointed him CEO of Cforth.

Cforth doesn’t provide a corporate address on its website but Seyforth is believed to operate out of Florida.

Supporting this is Cforth’s website Terms and Conditions;

Jurisdiction and venue of any matter not subject to arbitration shall reside exclusively in Leon County, State of Florida. The Federal Arbitration Act shall govern all matters relating to arbitration.

The law of the State of Florida shall govern all other matters relating to or arising from the Agreement.

Seyforth’s MLM history dates back to 1975. Prior to getting involved in MLM Ponzi scamming, Seyforth founded One24 (2010), Day 1 (2012) and Goodlife USA (2016).

LifeTRNDS was essentially an extension of Goodlife USA, with both companies offering access to travel discounts.

Today both LifeTRNDS’ and Gooflife USA’s respective websites have been abandoned.

LifeTRNDS throws up a perpetual error and Goodlife USA was taken down prior to Seyforth partnering up with Crowd1

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

Approval has been granted to sell NewAge off to original Morinda co-founder John Wadsworth. [Continue reading…]