Back in late March we learned several IM Mastery affiliates had been arrested in Spain.

At the time names of suspects were not released. At the time “Awaken Dreamers” was the top Spanish IM Mastery Academy downline.

A follow up report from El Pais confirms Awaken Dreamers leaders were among those arrested. [Continue reading…]

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

Sytrex Trade’s website domain (“sytrextrade.com”), was privately registered on June 15th, 2022.

In an attempt to appear legitimate, Sytrex Trade provides incorporation details for “Bitt-X Limited” on its website.

Bitt-X Limited was incorporated in the UK in 2018. The shell company was dissolved in July 2018.

Regardless of whether Bitt-X Limited even has anything to do with Sytrex Trade, an MLM company operating or claiming to operate out of the UK is a red flag.

UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.

As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.

For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.

Despite only existing for just under two months, on its website Sytrex Trade falsely claims it was “founded in 2015”.

On Sytrex’s homepage there is an embedded plugin chart that sources data from “investing.com”. If we right-click the chart, we can see the default plugin language is set to Russian:

This strongly suggests that whoever is behind Sytrex Trade has ties to and/or is from Russia.

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…]

Govvi fails to provide company ownership or executive information on its website. A corporate address in Utah is provided.

Govvi’s website domain (“govvi.com”), was first registered in 2015. The private registration was last updated on April 18th, 2022.

A search on the WayBack Machine reveals the domain was for sale in late 2021. This suggests April 2022 is when Govvi’s owners took possession of the domain.

The current Govvi website appears to have gone line on or around June 2022.

It’s not linked from their website but Govvi has an official YouTube channel.

On June 10th, 2022, a video titled “Govvi Q&A” was uploaded to the channel:

In the video Lance Conrad identifies himself as Govvi’s CEO. Conrad is on the right, sitting on the left is Govvi’s President of Central and South America, Roberto D Celaya.

In Govvi’s marketing documentation, Conrad further cites himself as Govvi’s founder.

BehindMLM first came across Lance Conrad in 2017, as part of the Divvee executive team.

At the time Divvee was getting into securities fraud through Ryze, a company owned by serial Ponzi launcher Travis Bott.

Later in 2017 Divvee was rebooted as Nui. When Conrad left the company is unclear.

After Divvee Conrad went on to sign as Master Distributor of B-Epic.

Possibly due to language-barriers, I wasn’t able to establish whether Roberto Celaya has an MLM history.

Why Govvi doesn’t provide executive information on their website is unclear.

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

FVP Trade has received a securities fraud warning from Quebec, Canada.

As per the Autorite des Marches Financiers’ warning; [Continue reading…]

EvoRich founder Andrew Khovratov was arrested in Russia back in April.

Shortly after, Bob Ultee stepped in as the saviour of the Ponzi scheme.

Across April and early May, this saw investors funnelled into Ultee’s bobcoin scheme.

In mid May a possibly intoxicated Ultee smashed his allegedly speeding lambo into the back of a Peugeot 107.

Anyway, here’s how BOBC is going…

Now, in a desperate attempt to keep the EvoRich grift going, the Ponzi scheme is selling “radical transformations”. [Continue reading…]

It’s Only 5 is a matrix cycler that represents it is based out of Detroit, Michigan.

It’s Only 5’s website domain (“itsonly5.com”), was privately registered on March 19th, 2022.

Heading up It’s Only 5 are co-founders Elton and Sarah Potts, and John and Lisa Arnold.

As far as I can tell, both the Potts and Arnolds are relative nobodies in the MLM industry.

Earlier this year Elton Potts and John Arnold Sr. were promoting B-Eco:

That doesn’t seem to have panned out.

Last year Potts was promoting crypto scams on Telegram:

He also fell for the iHub Global HNT mining grift:

Here’s how that’s going:

Potts and John Arnold Sr. created the FaceBook group “Survive and Thrive” back in November 2021.

Arnold Sr. also fell for the iHub Global grift, which is probably where he met Potts.

It’s Only 5 also names Guillermo Joya as its Training & Media Manager.

Joya is a serial promoter of MLM Ponzi schemes. These include CashFX Group and Cloud Token:

The Potts are based out of Michigan. The Arnolds are based out of Texas. And the Joyas are based out of Colombia.

Read on for a full review of It’s Only 5’s MLM opportunity. [Continue reading…]

Anetly Global fails to provide executive and ownership information on its website.

Anetly Global’s website domain (“anetlyglobal.com”), was privately registered on March 11th, 2022.

Although it’s not linked from their website, Anetly Global has an official YouTube channel. The company began uploading videos to it on May 12th.

The first video on the channel is a marketing presentation. Low res stock footage is overlaid with a robo voice.

On June 17th Anetly Global uploaded a cell phone video, naming Anthony Kent as its CEO.

I first thought this was a Boris CEO video but turns out Anthony Kent is an actual UK citizen… with ties to Russia:

Kent, who also goes by Tony, owned and ran the British Business Language Centre in Moscow. That was in 2016. I’m unclear on whether Kent is still in Russia.

On LinkedIn Kent represents he is in London. Kent’s LinkedIn profile states he’s available for “educational consulting, negotiation, public speaking, interview preparation, real estate, copywriting, content strategy, email marketing, social media marketing, and training”.

Anetly Global’s other named executive is Vice President of Sales, Asim Mirza:

Mirza was also Vice President of Sales at the Solmax Global:

Solmax Global was an MLM crypto Ponzi with ties to Pakistan. Launched in 2018, Solmax Global collapsed in late 2021.

As per the above slide, Mirza was still promoting the scam as of November 2021.

I went looking for an exact date Solmax Global marketing ceased. The last post on Solmax Global’s official Twitter profile is dated December 2nd, 2021.

It’s for an “official brand launch webinar”, with who other than “Tony Kent” featured as Solmax Global’s “Head of Education”.

Solmax Global’s website is still up, although there’s not much going on except scattered recruitment of new victims in India and the UAE.

Anetly Global is targeting the same group of investors:

For all intents and purposes, Anetly Global appears to be a spinoff of Solmax Global. Whether any other Solmax Global executives beyond Mirza and Kent are involved is unclear.

Certainly there is bound to be heavy crossover of investors between the two companies.

To the best of my knowledge, Anetly Global is being operated out of the UK.

Read on for a full review of the Anetly Global MLM opportunity. [Continue reading…]

BehindMLM last checked in on Dubli back in 2019.

Following tens of millions in losses over the years, five out of parent company Ominto’s board members resigned in mid 2018.

A year later it was revealed the SEC had been investigating the company for securities fraud. Ominto settled the allegations.

Dubli founder Michael Hansen stayed on, desperate to keep the business going.

Over the following years, amid record online spending due to global lockdowns, Dubli drifted into obscurity.

The business recently popped up on my radar, but not as Dubli.

Dubli now goes by SaveMate, and today we’re revisiting the MLM opportunity for a status update. [Continue reading…]

On August 1st the SEC filed civil fraud charges against Forsage co-founder Vladimir “Lado” Okhotnikov.

The regulator alleges Forsage is a $300 million dollar Ponzi scheme.

That same day Okhotnikov doubled down and held a webinar titled, “Burning Question to Meta Force Founder”.

You’d be wrong if you thought addressing the SEC’s lawsuit was a “burning question”. [Continue reading…]

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

Cryptexify’s website domain (“cryptexify.com”), was first registered in May 2021. The private registration was last updated on June 21st, 2022.

In an attempt to appear legitimate, Cryptexify provides corporate addresses in Canada, the UK, New Zealand, the US and Zimbabwe.

With the addition of Nigeria, basic incorporation certificates for various shell companies are also provided.

For the purpose of MLM due-diligence, these addresses and incorporations are meaningless.

Cryptexify’s official FaceBook page was created in September 2021. As opposed to any of the countries above, Cryptexify’s FaceBook page is managed from India.

Cryptexify uploaded its first five video to its YouTube channel in August 2021. These were your typical stock footage marketing hype, all coming in at 15 to 30 seconds.

On March 26th 2022, Cryptexify decided to go the Boris CEO route:

Well, not so much a Boris CEO as Boris “Tour Guide”. “Sandra Davis” takes us on a tour of the usual rented office setup.

There we meet Cryptexify’s actual Boris CEO, “Zane Hayden”:

I don’t have a name buy Hayden is an actor based out of Eastern Europe. He recently appeared in a marketing video for Jaoken, a company based out of Georgia.

Georgia neighbours Russia, where practically all Boris CEO videos are produced from.

Who owns Cryptexify comes down to two possible scenarios:

1. Russian scammers run Cryptexify with social media outsourced to India; or
2. Indian scammers run Cryptexify and hired Russians to make the Boris CEO video.

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…]