Eric Tippetts has settled securities fraud allegations brought against him by the SEC.

The violations pertain to Tippetts involvement in Nasgo and ShareNode, a combined $10 million Ponzi scheme. [Continue reading…]

TRX458 provides no information on its website about who owns or runs the company.

TRX458’s website is a login gateway to the company’s app, through which its MLM opportunity is run through.

TRX458’s website domain (“trx458.com”), was privately registered on May 30th, 2022.

If we look at the source-code of TRX458’s website source-code, we see it is localized to Chinese:

This strongly suggests whoever is behind TRX458 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…]

TRXS Online provides no information on its website about who owns or runs the company.

TRXS Online’s website is a login gateway to the company’s app, through which its MLM opportunity is run through.

TRXS Online’s website domain (“trxs.online”), was privately registered on July 30th, 2022.

If we look at the source-code of TRXS Online’s website, we see it is localized to Chinese:

This strongly suggests whoever is behind TRXS Online 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…]

WorldOTC stands for “World Over the Counter”. Don’t read too much into the name, it’s not supposed to mean anything.

WorldOTC provides no information on its website about who owns or runs the company.

In an attempt to appear legitimate, WorldOTC provides a bunch of meaningless or outright bogus regulatory certificates through its app.

One of the provided certificates is from the FCA. I looked up the reference number in the FCA’s registry and it doesn’t exist.

WorldOTC’s website domain (“worldotc.com”), was first registered in 2019. The private registration was last updated on June 17th, 2022.

I believe this is on or around when they current owners took possession of the domain.

If we look at the source-code of WorldOTC’s website, we see it is localized to Chinese:

This strongly suggests whoever is behind WorldOTC has ties to China.

SimilarWeb shows a large uptick of traffic to WorldOTC’s website beginning June 2022.

38% of WorldOTC’s website traffic originates from Vietnam. 31% is from Spain and 6% is from Peru.

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…]

Binary Torrent provides no information on its website about who owns or runs the company.

The Binary Torrent website is a prelaunch placeholder, advising a company launch on or around August 27th.

Binary Torrent’s website domain (“binarytorrent.com”), was privately registered on January 4th, 2022.

BehindMLM came across Binary Torrent last month, via an agreement sent out by “Bo Jensen”.

Jensen’s email, sent out from a BinaryTorrent domain email address, pitched Binary Torrent as an eEcomelize “rescue package”.

eComelize was a pyramid scheme launched by Jan-Eric Nyman in 2020.

Nyman’s MLM roots date back to the Unaico SiteTalk pyramid scheme. Today he’s best known for being a former developer of the notorious OneCoin Ponzi scheme.

After eComelize collapsed, Nyman went on to front Lucky Dozens, an illegal lottery scheme launched in mid 2021.

Lucky Dozens collapsed on or around September 2021. Four months later Nyman registered Binary Torrent’s website domain.

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

Bank of Hodlers was an Indian “blockchain based finance company” created by Darshan Bathija in 2018.

BehindMLM reviewed Bank of Hodlers in June 2019, concluding it was a simple shit token exit-scam MLM crypto Ponzi.

Bank of Hodlers went on to collapse in 2021, prompting Bathija to drop MLM and reboot as Vauld.

Vauld solicited investment, primarily from Indian residents, on the promise of up to 40% annually on various cryptocurrencies.

On July 4th 2022, Bathija suspended Vauld withdrawals, effectively collapsing the Ponzi scheme (again). [Continue reading…]

The drawn out exit-scam following CashFX Group’s collapse continues.

The latest has seen top investor accounts terminated. The scammers that own the accounts are crying over their “losses”. [Continue reading…]

MulaUp’s origins can be traced back to Mula Network in early 2021. The current offering more closely represents Mula 4 You.

Mula 4 You operated from the domain “mula-4-you.com”. Here’s what a visit to Mula 4 You’s website today looks like:

Mula 4 You began to collapse towards the end of 2021. This prompted the launch of Mula-4-Wifi.

Mula4You affiliates were also funnelled into Jonathan Sifuentes’ Xifra Lifestyle Ponzi scheme.

Xifra Lifestyle collapsed a few months later. Here’s what a visit to Mula-4-Wifi’s website today looks like:

Mula-4-Wifi’s collapse prompted the launch of MulaUp, originally hosted on a .CO.ZA domain.

Here’s what a visit to MulaUp’s .CO.ZA website today looks like:

MulaUp’s South African domain launch collapsing prompted the launch of MulaUp on “mulaup.com”,

MulaUp’s .COM domain was registered on May 26th, 2022.

MulaUp is run by Hanli Lombard (right).

On FaceBook Lombard represents she is based out of Randburg in South Africa.

Lombard made a name for herself as a top South African promoter of Crowd1.

In May 2020, Lombard boasted of stealing 14 million ZAR through the Ponzi scheme (~$860,000 USD).

A few months after Lombard’s boast, South African authorities confirmed they were investigating Crowd1.

In December 2020 CEO Johan Stael von Holstein cashed out and went into hiding, officially marking Crowd1’s collapse.

After Crowd1 collapsed Lombard went on to launch Mula Network in early 2021. I believe this is the first iteration of Lombard’s Mula* schemes.

Mula Network collapsed pretty quickly and was rebooted as Dial-A-Mula.

Possibly in an attempt to dodge taxes, Lombard launched UmVuzo on or around February 2022. Lombard pretends Dial-A-Mula is a “product” under UmVuzo.

UmVuzo itself appears to be just another channel Lombard markets her Mula* schemes through. It could also be used to funnel victims into other Ponzi schemes Lombard is promoting (e.g. Xifra Lifestyle).

Before Lombard was stealing money through Ponzi schemes, she was stealing from her employers.

Lombard was found guilty of theft in July 2007;

Magistrate Amrith Chabilall told Hanli Lombard, 35, “What stands out in this case is the relationship you had with your previous employer.

She was kind to you, and treated you as if you were her own daughter.

To put it bluntly, it is unforgivable for you to steal from her like you did, and the fine must be a perpetual reminder to never ever conduct yourself in this manner again.”

Lombard was also accused of settling up fake deals to further defraud her employer, but was found not guilty.

SimilarWeb began tracking traffic to MulaUp’s current website domain in June 2022. 100% of the website traffic originates from South Africa.

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

Following a joint-application filed on July 25th, Dan Putnam’s securities fraud case has been delayed well into 2023. [Continue reading…]

QunoMine provides no information about who owns or runs the company on its website.

QunoMine’s website domain (“qunomine.io”), was privately registered on July 26th, 2022.

In BehindMLM’s recently published BNB Robot review, former COO Dan Schwartz suggested QunoMine was a reboot.

Please see the text of the letter we sent to the owners of BNB Robot (now Qunomine) telling them to cease and desist.

We did not own the project and when the owners did not do as they were supposed to we ceased to be involved and told them to cease and desist using our likenesses and all references to us.

Schwartz addressed his cease and desist to “Shamik, JD and Team”, representing they are based out of India.

QunoMine marketing documents were put together by “Shamik Kundu”:

On his private FaceBook account Kundu represents he is based out of Kolkata, the capital of West Bengal.

Kundu’s Ponzi scamming appears to date back to at least YoCoin (2016).

Daniel Schwartz’s claim that QunoMine is a BNB Robot reboot is  is supported by QunoMine promoters:

“Digital Passive Education” is run by Brian Rhodes (right), a US national who recently relocated his family to the Dominican Republic.

Rhodes is a serial promoter of MLM crypto Ponzi schemes, including FastBNB (run by YoCoin executive Biman Das) and EasyMatic.

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…]