Sybbex fails to provide verifiable ownership or executive information on its website.

Sybbex’s website domain (“sybbex.com”), was privately registered on September 27th, 2023.

In an attempt to appear legitimate, Sybbex provides a registration certificate for “Sybbex Limited”.

Sybbex Limited was purportedly registered in Ireland on January 9th, 2024.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

Supposedly, Sybbex is headed up by “William Hollan”;

Hollan is pretty obviously played by an actor dressed up in glasses and a wig. This is an emerging trend with Russian Boris CEO Ponzi schemes.

Prior to March 2024, Sybbex marketing videos were narration over stock footage. The actor playing William Hollan made his debut in April 2024.

The actor playing Hollan has a typical eastern-European accent. And here’s the obligatory rented office space marketing video (someone forgot to trim the back of Hollan’s wig, resulting in an amusing mullet).

The rented office space used in Sybbex’s marketing video is TheOffice, located in south Moscow:

Putting all of this together, Sybbex is a typical Russian Boris CEO scheme pretending to be based out of Ireland.

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…]

James O. Ward Jr., an Alabama resident, has been sued by the SEC over fraud allegations relating to his Apex Financial investment scheme.

As per the SEC’s September 10th, 2024 filed Complaint, Ward, through Apex Financial, defrauded “at least 70 investors” out of “at least $852,000”. [Continue reading…]

BartMax fails to provide ownership or executive information on its website.

BartMax’s website domain (“bartmax.vip”), was privately registered on August 1st, 2024.

In researching BartMax I came across MetaMax promoters who had transitioned over:

Coupled with the name similarities, it’s highly likely the same scammers behind MetaMax have launched BartMax.

MetaMax was a task-based Ponzi scheme run through a mobile app. The scam collapsed in July 2024, prompting two immediate reboot Ponzis; Meta Quest-Plus and another reboot going by MetaMax.

After the initial reboots flopped, it appears BartMax was set up a few weeks later.

MetaMax’s July 2024 collapse was preceded by a securities fraud warning from the Philippine SEC on June 25th.

BartMax has already attracted the attention of financial regulators. The Central Bank of Russia issued a BartMax pyramid fraud warning on September 9th, 2024.

In an attempt to appear legitimate, BartMax offers up a Hong Kong shell company certificate for “BartMax Streaming Entertainment Advertising PTE LTD”.

BartMax Streaming Entertainment Advertising PTE LTD is a renaming of “Unlucky Company PTE LTD” on August 3rd.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

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…]

A reader recently wrote in asking about Be’s new SageMaster auto trading offering.

In taking a look I noted Be had also spun up a new domain, marking the fifth domain Be has migrated to. They’re also now going by Be Club.

Seeing as BehindMLM reviewed Be back in 2020, today we’re revisiting Be as Be Club for an updated review. [Continue reading…]

GSB Group and owner Josip Heit have settled allegations pertaining to their fraudulent GSPartners investment scheme.

As part of the settlement, reached with state securities regulators in Texas, Alabama, Arizona, Arkansas and Georgia, US investors in those states will receive refunds. [Continue reading…]

World Quant AI fails to provide ownership or executive information on its website.

World Quant AI’s website domain (“wq-ai.vip”), was registered with bogus details on August 23rd, 2024.

Of note is World Quant AI’s website domain being registered through the Chinese registrar Alibaba (Singapore).

World Quant AI has already attracted the attention of financial regulators. The Central Bank of Russia issued a World Quant AI pyramid fraud warning on September 6th, 2024.

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…]

Bivexo fails to provide ownership or executive information on its website.

Bivexo’s website domain (“bivexo.com”), was first registered in 2020. The private registration was last updated on February 8th, 2024.

Through the Wayback Machine we can see Bivexo’s website domain was for sale until it was acquired earlier this year.

After Bivexo’s anonymous owners purchased the domain, Bivexo’s current website went live in or around April 2024.

Despite only existing for a few months, on its website Bivexo plays into its domain name being originally registered in 2020.

In 2020 … is the story of the creation of Bivexo Group LTD (BGL), a Hong Kong company with roots deep in Bolivian soil and energy-intensive resource production in China.

Pursuant to this fraudulent claim, Bivexo provides a bunch of doctored Hong Kong shell company certificates on its website:

There’s a bunch of other certificates, none of which have anything to do with Bivexo by way of most of them being predated before Bivexo existed.

Simply put, Bivexo didn’t exist until early 2024. As for Hong Kong, Bolivia and China, Bivexo fails to provide verifiable evidence it has any ties to these countries.

In addition to lying about its company formation, Bivexo also provides a suspect list of “partners” on its website:

This appears to be an attempt at legitimacy via association. Bivexo fails to provide verifiable evidence it has partnered with any of these companies.

Bivexo marketing videos on its website are hosted by what appears to be an actor in a rented office:

Actors in offices is typically the work of Russian scammers. Bivexo’s actor however speaks Chinese, which suggests Chinese scammers could be behind Bivexo.

Of note is SimilarWeb tracking 100% of Bivexo’s website traffic from Kazakhstan as of August 2024.

Russian is spoken in Kazakhstan, which tracks with a lot of Bivexo marketing being in Russian:

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…]

Turkish authorities have arrested a second OmegaPro executive.

Robert Velghe was arrested in Istanbul on Tuesday, September 3rd. [Continue reading…]

Zagee fails to provide verifiable ownership or executive information on its website.

Zagee cites its founder as Calliope Vandermeer. This appears to be a made-up name.

Zagee has two known website domains:

1. zagee.com – first registered in 2014, private registration last updated on January 10th, 2024
2. h5.zgg.info – first registered in 2015, private registration last updated on January 10th, 2024

Zagee’s website domains were for sale until they were purchased in late 2023 or early 2024. Once the domains were purchased, Zagee’s websites went live in January 2024.

Despite this, on its website Zagee falsely represents it has been around since 2014.

At ZaGee, we have our finger on the pulse of the digital revolution and have been creating innovative e-commerce experiences since 2014.

In an attempt to appear legitimate, Zagee provides a company certificate for Zagee LLC. Zagee LLC was purportedly registered in California on January 15th, 2024.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

Of note is files on Zagee’s website are named with Chinese characters:

This suggests whoever is running Zagee has 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…]

Nadex Ecosystem fails to provide verifiable ownership or executive information on its website.

While Nadex Ecosystem does provide a list of executives, these appear to be fictional identities represented by AI-generated avatars:

Nadex Ecosystem has created an AI-generated robodub video featuring fictional CEO “Bradley Parker”.

“Bradley Parker” is a recycled AI generated identity previously used to represent the CEO of Trustcoin Bots:

TrustCoin Bots appears to be a collapsed trading and mining ruse crypto Ponzi scheme;

Welcome to Trustcoin Bots- AI Trading image & Mining service.

Trustcoin is a company created to give our investors the opportunity to achieve a completely passive income from investment in cryptocurrency mining.

From this we can ascertain the same scammers behind TrustCoin Bots are behind Nadex Ecosystem.

In an attempt to appear legitimate, Nadex Ecosystem provides a UK incorporation certificate for Nadex Ecosystem LTD.

Nadex Ecosystem LTD was registered in the UK on February 11th, 2024. This coincides with Nadex Ecosystem’s website domain (“nadex.group”), being privately registered on February 4th, 2024.

Additionally, due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

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…]