Blockchain Alliance operates in the cryptocurrency MLM niche.

Heading up the company we have CEO Joshua Denne.

As per Denne’s LinkedIn profile, he is also the CEO of Blockchain Funding.

Blockchain Funding was launched in 2017 and claims to “provide cutting-edge solutions for Web3, NFT, and blockchain projects”.

At time of publication SimilarWeb tracked negligible traffic to Blockchain Funding’s website domain.

Blockchain Funding’s Instagram profile hasn’t been touched since it was created in April 2022. Blockchain Funding’s Twitter profile is blank, indicating it too hasn’t been used since it was created in April 2022.

Together with no website traffic, it appears Blockchain Funding is dead.

It should be noted that the same people behind Blockchain Funding are behind Blockchain Alliance:

Prior to launching Blockchain Alliance, Denne was a promoter of the Daisy Forex Ponzi scheme.

In February 2023, Denne claimed his scamming with Daisy Forex was “just getting started”:

Not sure what happened there. A month later Denne announced Blockchain Alliance’s April 2023 prelaunch.

Of note is this March 2023 Instagram post from Denne, in which he represents serial scammers Rabu Gary and Avinash Nagamah as “business partners”.

Gary and Nagamah were recently outed as top net-winners in the collapsed $500 million Traders Domain Ponzi scheme. Whether Denne was a Traders Domain investor is unclear.

Circa 2021 Denne was promoting Chris Snook’s SDK Meta “organized crime tier privacy phone” grift.

SDK Meta appears to have collapsed in early 2022.

Going back further, in 2020 Denne was promoting Well Beyond.

Well Beyond came about after Jeremy Reynolds purchased what was left of MXI Corp after it collapsed in 2017.

Initially Well Beyond continued to sell MXI Corp’s Xocai chocolate supplements. In 2020 Reynolds began funneling Well Beyond distributors into Travis Bott’s Onyx Lifestyle Ponzi scheme.

Although he denies having “any power” in the company, Clif Braun was originally cited as an Onyx Lifestyle co-founder.

Braun is involved in Blockchain Alliance.

Onyx Lifestyle would eventually become Digital Profit in mid 2020. Jeremy Reynolds signed on as a Digital Profit co-founder with Travis Bott.

Digital Profit collapsed in August 2021. What was left of Well Beyond was sold off to My Daily Choice in September 2021.

As best I can tell, Denne’s descent into MLM crypto fraud began with Well Beyond.

Before he got a taste for crypto fraud, Denne made a name for himself in Seacret Direct (2011 – 2018).

Other names I recognized on Blockchain Alliance’s corporate team include Toan Nguyen, Wayne Marcel and Doug Kyle.

Toan Nguyen is co-founder of LaCore Enterprises’ Elomir.

Through his Passive Income Group YouTube channel, Nguyen has been promoting MLM crypto Ponzi schemes since mid 2018.

Eight days ago Nguyen uploaded a promotional review of the recently launched MuQuant MLM crypto Ponzi scheme:

Wayne Marcel and Toan Nguyen teamed up in early 2022 to launch Definity FI Academy, a collapsed MLM crypto Ponzi scheme.

Doug Kyle is co-founder of KulaBrands.

No corporate address is provided on Blockchain Alliance’s website. On LinkedIn, Joshua Denne cites his location as Arizona in the US.

Presumably this means Blockchain Alliance is also being operated from Arizona.

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

SuperOne launched in 2018 as a simple smart-contract Ponzi scheme.

Said Ponzi scheme was run through SuperOne tokens (SRX), of which 2 billion were created out of thin air.

SuperOne owner Andreas Christensen owns half of the two billion SuperOne tokens created. Needless to say he has a vested financial interest in getting the tokens to pump so he can cash out.

SuperOne’s original iteration collapsed shortly after launch. In 2020 the Ponzi scheme was rebooted with a mobile trivia app.

This was essentially an integration of Mowjow, a failed quiz app development company Christensen launched in 2013.

To summarize, the idea was that new trivia app users would eventually spend money, allowing Christensen and the original SuperOne token bagholders to cash out.

That didn’t happen. SuperOne’s reboot was as much a failure as the original smart-contract Ponzi.

Since 2020, SuperOne rode the NFT and metaverse grift trains by integrating both into its Ponzi scheme.

We have released 150,000 NFTs, which will be integrated into the game and the community. And now, we are building up our Fandom Metaverse, where fans can interact, connect, and compete with each other.

The vision is to have a Fan Metaverse where all the different fan communities can see and visit each other and to gather as many fans as possible to construct a virtual city.

The above is quoted from a June 2022 article published on SuperOne’s website.

Fast forward to 2023 and metaverse and NFT grifts are as dead as a doornail.

As per yet another reboot in mid May 2023 (deceivingly being pitched as a “prelaunch”), SuperOne is returning to their failed trivia app roots.

The hope now is to pump SRX by specifically targeting football players. [Continue reading…]

TafaBot operates in the MLM cryptocurrency niche.

TafaBot’s website domain (“tafabot.com”), was first registered in June 2021. The private registration was last updated on August 19th, 2022.

Heading up TafaBot are co-founders Samuel Benedict Ogbonnaya (CEO) and Victor Otubo (aka  Otubo Victor Ogemdi and “Dr. OVO”).

Ogbonnaya, who for some reason has omitted his surname as head of TafaBot, is originally from Nigeria.

Circa 2013, Ogbonnaya was running an ecommerce platform called “ShopKudi”.

ShopKudi appears to have collapsed on or around late 2013.

After ShopKudi, Ogbonnaya reinvented himself as a crypto bro. This saw him launch the blockchain development firm Blockchain Tech Hub in 2015.

Blockchain Tech Hub went nowhere but did lead to Ogbonnaya launching SatoWallet in 2017.

SatoWallet was a “staking” model Ponzi scheme built around an inhouse SATOS shitcoin.

Through “SatoWallet Shares” investment positions, SatoWallet investors were pitched on returns as high as 40% a month.

SatoWallet collapsed in late 2019. Ogbonnaya blamed the collapse on “technical issues”.

How much Ogbonnaya stole through SatoWallet’s exit-scam is unclear but has been pegged at over a million.

Sometime between 2017 and 2019 Ogbonnaya relocated to Dubai.

Such to the extent Ogbonnaya might have continued to defraud consumers after SatoWallet’s exit-scam, it was kept low-key.

In mid 2021 Ogbonnaya launched TafaBot from the domain “tafabot.trade”.

Tafabot’s original incarnation saw Ogbonnaya sell a trading bot to unsuspecting consumers.

Tafabot is an automated cryptocurrency futures trading robot that earns you passive income of your capital without your capital leaving your wallet.

Tafabot was built by traders with unique trading strategies that has been proven for over 8 years to give consistent profit and minimize loss even up to 0% .

The losses Ogbonnaya scammed his SatoWallet investors out of were not disclosed.

Sometime after launching TafaBot, Ogbonnaya appears to have gotten involved in the Russian Skyway Capital Ponzi scheme.

The original TafaBot collapsed sometime after Ogbonnaya’s February 2022 Skyway Capital PR appearance. If I had to guess, probably around the time of the Terra/Luna collapse in May.

This saw Ogbonnaya reboot Tafabot through the “tafabot.com” domain, which up until July had redirected to TafaBot’s original “tafabot.trade” domain.

Just shy of a year on out from the reboot, Ogbonnaya still runs TafaBot from Dubai. This review is based on “version 4.0” of TafaBot’s compensation plan, which suggests TafaBot has already been rebooted multiple times over the past year.

Ogbonnaya is joined by TafaBot “co-founder” Otubo Victor Ogemdi (aka Dr. OVO), also a Nigerian national.

Ogemi appears to be a failed “certified life coach” turned crypto bro.

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM considers Dubai to be 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 TafaBot, read on for a full review. [Continue reading…]

Fintoch has received a securities fraud warning from Malaysia.

On June 8th, the Malaysia Securities Commission added Fintoch to its Investor Alert List. [Continue reading…]

The Bank of Namibia successfully overturned a court decision, requiring it to fund Coenraad Botha’s collapsed CBI Global Ponzi scheme.

I know that’s an utterly ridiculous sentence but uh… welcome to Ponzi regulation in Namibia. [Continue reading…]

Blackfort Wallet has received a securities fraud warning from Germany.

As per BaFin’s June 29th warning, Blackfort Wallet is offering unregistered securities. [Continue reading…]

CryptoProgram has received a fraud desist and refrain order from California’s Department of Financial Protection and Innovation.

The DFPI claims “Master Affiliate” Edward Anthony Zimbardi is running a Ponzi scheme. [Continue reading…]

Banker Quotes fails to provide ownership or executive information on its website.

Banker Quotes’ website domain (“bnkquotes.com”), was  privately registered on January 18th, 2023.

In an attempt to appear legitimate, Banker Quotes provides incorporation details for BQ Technologies LTD on its website.

BQ Technologies LTD is purportedly registered in the Marshall Islands.

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.

Even more so when said shell companies are incorporated in dodgy offshore tax-havens.

As opposed to the Marshall Islands, if we take a look at Banker Quotes’ official FaceBook page we can see it is being run from Colombia.

This strongly suggests whoever is running Banker Quotes is based out of and/or has ties to Colombia.

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…]

AffluentFX Network fails to provide ownership or executive information on its website.

AffluentFX Network’s website domain (“affluentfx.network”), was privately registered on March 15th, 2023.

On April 6th, a few weeks after AffluentFX Network’s website domain was registered, a marketing video was uploaded to a YouTube channel bearing the name “Affluent FX”:

I don’t have a name to go with the face but the individual hosting the webinar as “AffluentFX” has an African accent.

When demoing how to sign up, AffluentFX Network’s website defaults to South Africa.

This strongly suggests whoever is running AffluentFX Network is based out of Africa.

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…]

CloudFi appears to have had its website domain seized.

Roughly 24 hours ago, CloudFi’s original website domain was disabled through a DNS error: [Continue reading…]