Alya Finance fails to provide company ownership or executive information on its website.

Alya Finance’s website domain (“alya.finance”), was privately registered on December 21st, 2021.

Alya Finance is part of Alyattes, a crypto scheme that has a bunch of schemes attached to it.

While Alya Finance’s website is devoid of executive information, on the main Alyattes website we Sinan Ay (right) is cited as CEO of the company.

On LinkedIn Ay cites himself as CEO and CFO of Alyattes since April 2021.

On FaceBook and Twitter Ay additional cites himself as founder of the company.

Originally from Turkey, Ay represents he is based out of Vienna, Austria.

Sinan Ay appears to have gotten into MLM crypto Ponzi scamming through Shohan Bowala.

Ponzi schemes Ay has (publicly) promoted include Sebtan Assets and Torque Trading.

Shohan Bowala, a serial promoter of Ponzi schemes based out of Australia, is of course promoting Alyattes and Alya Finance:

Ay began announced Alyattes and Alya Finance in October 2021. Promotion was localized to Turkey until recruitment began spreading last month.

Turkey still makes up the majority of traffic to Alya Finance’s website, but recruitment is fast collapsing.

Alyattes itself represents it is based out of Dubai:

Dubai is the MLM crime capital of the world. Any MLM company representing it is based out of or has ties to Dubai is a scam.

If you want to know how this pertains to Alyattes and Alya Finance, read on for a full review of the MLM opportunity. [Continue reading…]

The CFTC has initiated Hague Convention service on EmpiresX scammers Emerson Pires and Flavio Goncalves.

Pires and Goncalves co-founded the EmpiresX Ponzi scheme. [Continue reading…]

On July 27th the FTC moved for a three-week continuance of their scheduled trial against Neora.

The court denied the motion on August 5th, meaning unless a settlement is reached, the parties are on track for a courtroom showdown. [Continue reading…]

BNB Robot fails to provide company ownership or executive information on its website.

BNB Robot’s website domain (“bnbrobot.io”), was privately registered on April 26, 2022.

Marketing videos on BNB Robot’s official YouTube channel are narrated by a robovoice.

On May 24th BNB Robot uploaded a video titled “BNB Robot Corporate Intro”:

The video features Ron Cartey as BNB Robot’s CEO, and Daniel Schwartz as COO.

Cartey is the founder of AT Group, a corporate consulting firm based out of Thailand. Traffic to AT Group’s website is non-existent and the company’s official FaceBook page was abandoned in 2015.

Cartey himself is based out of Pattaya, Thailand. Back in May Cartey attended a Rotary Club meeting as a guest speaker;

The meeting was highlighted by incoming Vice-President and Secretary Rotarian Ron Cartey delivering a wonderful speech about his life and matters in his job as a motivational speech/coach that really mattered to him.

Daniel Schwartz is also based out of Thailand. Schwartz first appeared on BehindMLM as Chairman and CEO of 3T Networks in 2018.

3T Networks was a shitcoin scheme riddled with securities fraud.

A December 2020 Pattaya Mail article cites Ron Cartey as 3T Networks’ Chief Business Development Officer.

Cartey was speaking at an expat club, ironically giving a talk on “how not to be separated from your money”.

Like all scams, 3T Network inevitably collapsed. In early 2022 Cartey and Schwartz teamed up again to launch Elef World.

Elef World was an NFT grift Ponzi built around Elef Token. Word on the grapevine is Elef World has already stalled and/or collapsed.

Cartey’s and Schwartz’s scamming goes back years. The earliest Ponzi I was able to tie the pair to was YoCoin circa 2016.

Schwartz and Cartey were YoCoin’s COO and VP of International Business Development respectively.

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

Forsage founder Vladimir “Lado” Okhotnikov has attempted to address the SEC’s Forsage fraud lawsuit against him.

After confirming Forsage’s business model is a Ponzi scheme, Okhotnikov falls back on playing dumb. [Continue reading…]

Against All Odds operates in the nutritional supplement MLM niche.

The company is currently in prelaunch (recruitment only), as evidence by its website:

While it’s not disclosed on Against All Odds website, BehindMLM can confirm Dan Putnam is behind the company.

Putnam is joined by “co-founders” Travis Martin and JC Martinez.

Putnam (right) owns B-Epic, B-Eco and the recently launched Govvi fuel tabs opportunity (suspected based on exclusivity representation).

Putnam is also a serial Ponzi scammer.

The SEC sued Putnam and Angel Rodriguez, his partner in crime, for securities fraud in 2020.

Through various scams, the SEC alleges Putnam and Rodriguez defrauded consumers out of at least $12 million. The case is still playing out.

Travis Martin was a LurraLife executive. LurraLife was a reboot of O2 Worldwide, a pyramid scheme owned by Putnam that collapsed in 2019.

On July 19th Putnam announced he was “merging” LurraLife with B-Epic.

That apparently didn’t last even a month. For reasons we’ll dive deeper into in the conclusion of this review, Against All Odds is essentially a LurraLife reboot.

JC Martinez is/was B-Epic’s Vice President of Sales.

Putnam is based out of Utah. It is assumed Against All Odds thus also operates from Utah.

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

Forsage scammers Samuel D. Ellis and Sarah Theissen have settled fraud allegations made against them.

The allegations were made in a lawsuit filed by the SEC, alleging Forsage was a $300 million Ponzi scheme. [Continue reading…]

NovaTech FX has received a securities fraud warning from the Central Bank of Russia. [Continue reading…]

Meme Club provides no credible company ownership or executive information on their website.

Supposedly Meme Club is headed up by CEO “Patrick Meier”.

Meier appeared in a Meme Club marketing video, uploaded to their official YouTube channel on July 26th.

It’s the usual rented office affair, with Meier exhibiting an eastern European accent.

I wasn’t able to pin down a name but can confirm the man playing Meier is a Russian actor.

Last September the actor playing Meier attended a film course graduation ceremony.

The actor playing Meier wasn’t one of the graduation students. He appears to have spoken at the ceremony, which was organized by ANO “Festival Direction” and the St. Petersburg State Institute of Cinematography. I’m not sure which organization the actor was representing.

St. Petersburg is a city in Russia, which tracks with the vast majority of Boris CEO videos being produced from Russia.

In an attempt to appear legitimate, Meme Club provides incorporation details on its website.

Meme Club Limited was incorporated in the UK on May 8th, 2022.

An MLM company operating or claiming to operate out of the UK is a red flag.

UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.

As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.

For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.

Meme Club’s website domain (“memeclub.io”), was privately registered on May 17th, 2022.

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…]

Back in late March we learned several IM Mastery affiliates had been arrested in Spain.

At the time names of suspects were not released. At the time “Awaken Dreamers” was the top Spanish IM Mastery Academy downline.

A follow up report from El Pais confirms Awaken Dreamers leaders were among those arrested. [Continue reading…]