The Future Trade has received a securities fraud warning from Belgium’s Financial Services & Markets Authority. [Continue reading…]

EnviFX and Automated Capital are imploding, following a 70%+ investor wipeout over the past week. [Continue reading…]

Skyway Capital has been banned in Italy for securities fraud.

As per a bulletin issued by CONSOB on September 21st; [Continue reading…]

OnPassive has deleted its FIFA World Cup 2022 sponsorship promo video.

Internal communication suggests owner Ash Mufareh received a cease and desist. [Continue reading…]

NikeGold Trading Bot is an MLM investment opportunity.

NikeGold Trading Bot is run through a Telegram bot, owned and operated by persons unknown.

Promotion of NikeGold Trading Bot in the US is being spearheaded by Sean Tillery.

BehindMLM first came across Tillery back in 2015, as “Sean Tillery Legaux”. At the time Tillery was promoting his FuelCoin pyramid scheme.

Tillery runs and promotes scams through Wealth Builders Network Educational Services, commonly abbreviated as WBNES.

Whether Tillery is behind NikeGold Trading Bot is unclear. He seems to be the only person with access to the admins running the scheme on Telegram.

Tillery is believed to be based out of California in the US.

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…]

ResClub operates in the real-estate MLM niche. The company appears to have launched in late 2019 and is based out of Florida.

It should be noted that, although the company has been around since 2019, ResClub as an MLM company only launched in mid 2022:

Heading up ResClub is founder and CEO Craig Shawn Williamson.

As per Williamson’s ResClub corporate bio, he’s

been involved in the Vacation Home Industry since 2003 and has over 20 years of experience in the field of Branded Investment Luxury Property through positions held with Four Seasons, Hard Rock, Fairfield, AECOM, Nicklaus Corporation and most recently with Encore Capital Management.

As far as I can tell, ResClub is Williamson’s first venture as an MLM executive.

Another name I recognized on ResClub’s corporate team was VP of Global Sales, Peter Jensen.

BehindMLM only recently came across Jensen in connection with Real Rise Academy.

We’re assuming Jensen’s executive role in ResClub means he’s no longer with the company.

Jensen has a notable history of promoting and running MLM pyramid schemes, which ResClub reduces to

over 30 years of successful global Networking Marketing experience to the Myresclub Team!

PJ has always been at the pinnacle of every area in network marketing, building some of the largest sales forces in the history of the industry, generating over 3.5 Billion in global sales most notably with YTB Travel!

Jensen did indeed make a name for himself as a top promoter of the YTB pyramid scheme.

In 2008 the company was sued by California Attorney General Jerry Brown.

An out-of-court settlement required changes to the company’s business model, and generated a decrease in membership attributed to bad publicity.

Jensen left YTB in 2009 and went on to launch AMA Nation in mid 2010.

A year later in 2011, AMA stole their affiliate’s customers and shut down their MLM operations.

A year in 2012, Jensen pled guilty to tax evasion. In 2013 he was fined $2.1 million and sentenced to 31 months in prison.

Jensen didn’t serve the entire sentence. He was released early and, in mid 2014, launched RE247365.

RE247365 was a real-estate themed membership pyramid scheme (go figure).

By the end of 2014 RE247365 had collapsed. Rather than just admit he was running a pyramid scheme, Jensen came up with sob story alleging frozen funds and fraud.

Jensen’s next MLM gig was Master Distributor for Direct Cellars in 2016. That lasted until Direct Cellar’s collapse in 2019.

As Direct Cellars was collapsing, Jensen signed on as a “spokesperson/consultant” for isXperia in late 2018.

Jensen’s LinkedIn has him in that role until November 2021, after which we have Real Rise Academy and, as of mid 2022, ResClub.

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

The TelexFree Receiver has sent out an email detailing a second distribution to valid claim holders. [Continue reading…]

Radoncap fails to provide company ownership and executive information on its website.

Radoncap’s website domain (“radoncap.com”), was privately registered on August 27th, 2022.

Radoncap is coordinated through “Official Radoncap Group” on Telegram.

A shady Telegram group run by anonymous admins is an MLM due-diligence red flag.

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…]

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

Primebit operates from the website domain (“primebit.com”), first registered in 2005. The private registration was last updated on May 17th, 2022.

Primebit represents it is run through “PrimeBit Ltd.” PrimeBit Ltd. is a shell company incorporated through a PO Box in St. Vincent and the Grenadines.

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…]

BitMonsters operates in the cryptocurrency MLM niche.

The company doesn’t provide a corporate address on its website. “China Hong Kong” appears on BitMonsters’ website footer however, suggesting ties to south-east Asia.

This conflicts with BitMonsters’ website Terms and Conditions, which states;

BitMonsters (SV) Ltd is incorporated in St. Vincent & the Grenadine.

Be it shell companies in Hong Kong or St. Vincent & the Grenadine, both are meaningless with respect to MLM due-diligence.

What isn’t meaningless is BitMonsters’ ties to Dubai:

BitMonsters is headed up by CEO Louis Casper Dünweber (right).

Dünweber’s BitMonsters corporate bio describes him as a “millionaire businessman”. I wasn’t able to verify that claim.

In fact I wasn’t able to verify much about Dünweber. He appears to have wealth of unknown origin and spends most of his time posting photos on Instagram.

There’s a strong possibility Dünweber is a Boris CEO.

SimilarWeb currently tracks 81% of BitMonsters website as originating from Ukraine.

Dünweber is believed to be a UK citizen. Or at the very least has spent a considerable amount of his life there.

Not surprisingly, Dünweber is also based out of Dubai:

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 BitMonsters, read on for a full review. [Continue reading…]