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

Skypex’s website domain (“skypex.io”), was privately registered on May 8th, 2024.

In Skypex’s website General Terms and Conditions, we find reference to Arthwo LTD, S.A.

The contracting parties for the use of the Services are ARTHWO LTD, S.A., Bella Vista Urbanization, Samuel Lewis Avenue & 55 Street, Panama City in the Republic of Panama.

The cited address is used by many businesses, confirming that Arthwo LTD, S.A. is a shell company.

Supporting this is Arthwo’s website (“arthwo.com”, privately registered on June 5th, 2024), which is both low-effort and incomplete:

It’s the kind of website one would set up to create the illusion of a company without it being so.

Another shell company we can attach to Skypex is SC Consulting Ltd.

We accept payments in various cryptocurrencies through our payment provider, CoinPayments Inc.

For all accounting purposes we have contracted SC Consulting Ltd. as Skypex’s accounting partner.

As per the above, again from Skypex’s General Terms and Conditions, the use of SC Consulting Ltd. appears to be solely to hide Skypex from Coin Payments.

As per its website, SC Consulting Ltd. appears to be a Dubai shell company factory:

We offer an integrative support for one or all stages of your Dubai project. Focused on security, sustainability and quality.

We manage your business in a future-oriented manner, starting with the foundation through to securing the profits financially.

If you do not want to start your own business we will find the right, reliable partner. The cooperation with this can be monitored by us or even taken over.

SC Consulting LTD. offers shell company services in Dubai, Panama, Seychelles and the wider EU. The shady company also offers a “change citizenship” service.

On its website, Skypex misrepresents paid advertising as articles from “the press”:

Clicking through to these articles we learn the face of Skypex is Udo Carsten Deppisch. This is confirmed on Deppisch’s own social media:

Udo Deppisch is a German national who made a name for himself as a top promoter of the OneCoin Ponzi scheme.

Upon finding success scamming people in OneCoin, Deppisch fled Germany for Dubai. Deppisch continued to promote OneCoin with a focus on German-speaking countries.

In April 2017 German authorities began cracking down on OneCoin. Around May that same year Deppisch went underground.

The Ponzi side of OneCoin had already collapsed in January 2017. The pyramid side was what Deppisch continued to promote until mid 2017.

After OneCoin Deppisch hitched his wagon to Anthony Norman’s Wantage One Ponzi mess.

When that didn’t work out Deppisch hitched his wagon to the Crowd1 Ponzi scheme.

Crowd1 began to collapse in 2021, prompting Deppisch to leave the company.

When that didn’t work out Deppisch rejoined Crowd1 in 2022.

The last Crowd1 post on Deppisch’s socials is from April 2024. After a brief period where Deppisch focused on his marketing company, Unlimited Career Development, Skypex launched in October 2024.

Why Deppisch’s involvement in Skypex isn’t disclosed on the company’s website is unclear.

Of note is, although Skypex’s domain registration is private, the state and country are set as Dubai in the UAE. This ties into  Udo Deppisch being based out of Dubai.

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

Tron CFD fails to provide ownership or executive information on its website.

Tron CFD operates from four known website domains; “tron.cfd”, “troncfd.cfd” “troncfd.lat” and “troncfd.sbs”. All four of Tron CFD’s domains were privately registered on October 25th, 2024.

If we look at the source-code of Tron CFD’s websites we find they are localized to Chinese:

This suggests whoever is running Tron CFD 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…]

Earlier this month around 1.1 million Young Living account details were published on a popular hacking forum.

The details were published on December 11th, with the data breach itself believed to have taken place earlier.

Leaked Young Living account information includes distributor and customer names, corresponding email addresses, dates of birth and geographic location. [Continue reading…]

Following the court’s rejection of a time served plea deal, Mohammed “Moe” Diab’s Allied Walled criminal case is headed to trial. [Continue reading…]

iComTech Ponzi promoter David Brend has been sentenced to ten years in prison.

Brend’s sentence was handed down on December 2nd, following a guilty verdict in March 2024. [Continue reading…]

In reporting on Velovita’s acquisition of Jeunesse earlier this month, I very much felt like something was amiss.

Marketing suggested Velovita had only acquired rights to certain regions, putting a question mark on the rest of Jeunesse’s business.

This was on top of allegations made by Jeunesse co-founder Randy Ray in October, placing former Jeunesse CEO at the center of a conspiracy to allegedly defraud him out of millions.

In response to our Velovita acquisition article, a BehindMLM reader brought up Greenway Global’s claims of Jeunesse ownership.

This was the first I’d heard of Greenway Global having anything to do with Jeunesse so I looked into it and, sure enough, there it was:

My research eventually led me to a lawsuit filed by Velovita against Greenway in November. Case filings shed light on the matter, with Kevin Giguere allegedly in the middle of yet another scheme to misappropriate millions. [Continue reading…]

Leonardo Cositorto, who is currently on trial as founder of the Generation Zoe Ponzi, is proving to be quite the drama queen.

Cositorto’s latest stunt sees him reported to have barricaded himself in his cell.

With the court waiting on his appearance to continue the trial, the “President of the Court” ordered Cositorto forcibly removed. [Continue reading…]

The Profit Connect Receiver has received permission to make an interim distribution.

On December 19th, 2024, the court approved pro rata distribution of $8 million in recovered funds to Profit Connect victims with a valid claim. [Continue reading…]

Citing “unexpected events”, Jason Cardiff’s attorneys filed for a trial continuance on December 4th. [Continue reading…]

A lawsuit filed against Clayton Sampson, aka Clay Sampson, has revealed behind-the-scenes fraud at EnvyTV.

EnvyTV was a pirated content streaming MLM company Sampson launched in 2019.

In November 2020 husband-and-wife Plaintiffs Mary Jane Beauregard and John Hugh Smith, filed suit against defendants: [Continue reading…]