Traders Domain was a Ponzi scheme run by Canadian national Ted Safranko.

An estimated $500 million is believed to have passed through Traders Domain in crypto alone.

ROI liabilities at the time of Traders Domain’s collapse in late 2022 have been pegged at around $3.3 billion.

While Traders Domain itself wasn’t an MLM Ponzi scheme, several well-known MLM industry figures invested into and stole through it.

Worse still they promoted Traders Domain to others, irrevocably tarnishing their reputations, careers and the trust given to them by their victims.

Today we name and shame the top MLM industry figures in Traders Domain. [Continue reading…]

Arbit Life operates in the cryptocurrency MLM niche.

Arbit Life’s website domain (“arbit.life”), was privately registered on February 23rd, 2023.

Despite only existing for a few months, on its website Arbit Life falsely represents it was launched in October 2021.

Arbit Life is purportedly headed up by “yuval Kaplan”:

Kaplan naturally doesn’t exist outside of Arbit Life’s marketing.

Over on Arbit Life’s official YouTube channel, we find a marketing video featuring Kaplan. The actor playing his has a distinct eastern-European accent.

While I wasn’t able to suss out a name, I did pin down the actor playing Kaplan to Moldova.

Moldova sits between Ukraine and Romania. While Boris CEO schemes are typically the work of Russians, this one was a bit vague to definitively call.

What we can definitively call is, although he might be from Moldova, the actor playing Kaplan has been flown out to Dubai.

This isn’t a coincidence, Dubai is 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 Arbit Life, read on for a full review. [Continue reading…]

Following its bankruptcy exit-scam from Sweden, Crowd1 announced it was releasing “Emperor Knights”.

Emperor Knights is a mobile “play to earn” cash grab, purportedly developed by Rebel Nation.

Rebel Nation is being presented as a third-party partnership, but is in fact owned by Sverker Ake Mattias Caron.

Caron is a former Crowd1 executive. He was also behind Crowd1’s failed PlanetIX partnership. [Continue reading…]

The Lusate Ponzi scheme has collapsed.

On June 16th Lusate’s website was reverted to a diagnostic page, indicating the entire site and backend had been deleted: [Continue reading…]

Less than a month after telling Daxio victims to “get the fuck out”, new CEO Robert Malkvist is already feuding with founder Frode Jorgensen.

Communications between the pair have broken down to the extent Malkvist is now publicly shaming and threatening Jorgenson on social media. [Continue reading…]

Top-earner Jay Bennett has sued Isagenix over what he refers to as “The False MLM Promise”. [Continue reading…]

Family First Life’s (former?) CFO, circa 2022, is alleged to have referred to the company’s compensation plan as a “Ponzi scheme”. [Continue reading…]

Ruja Ignatova’s arrest bounty has been bumped to $250,000.

When Ignatova was added to the FBI’s Ten Most Wanted Fugitives list in July 2022, the original bounty was $100,000.

Given OneCoin was a $4 billion Ponzi scheme, this seemed a little on the light side. $250,000 isn’t comparatively significant but is nonetheless more than the original bounty offered. [Continue reading…]

Fintoch appears to have wrapped up its exit-scam by disabling its website.

At time of publication attempts to visit Fintoch’s website return an “ERR_NAME_NOT_RESOLVED” DNS error.

This doesn’t appear to be a temporary error as I noted Fintoch’s website has been manually removed from Google’s search results.

Typically a previously accessible website can linger for up to a week in search results. [Continue reading…]

Jan Gregory’s Ponzi empire is falling apart.

In what appears to be retaliation against ongoing investigative reporting into fraud, Gregory has issued a death threat against Oz, editor and author of BehindMLM. [Continue reading…]