Two superseding indictments have been filed in the Forcount Ponzi criminal case, adding Nestor Nunez and Ramon Perez as defendants. [Continue reading…]

Global NFT Group Community operates in the cryptocurrency MLM niche.

The company also goes by GNG and appears to be based out of Malaysia.

On the corporate side things Global NFT Group is incorporated as “Global NFT Group B.V.”, a Curacao shell company.

Heading up Global NFT Group is Tony Berntsen, Tony Sandberg and Saima Chaudhury.

Tony Berntsen is a Dutch national BehindMLM came across in 2017. Berntsen was CEO of First United Capital Group, purported parent company of the EarlyBird Academy pyramid scheme.

Both First United Capital Group and EarlyBird were/are also incorporated as Curacao shell companies.

First United Capital Group still has a website up. Tony Berntsen is still cited as CEO.

Tony Sandberg is First United Capital Group’s COO. Saima Chaudhry is its Executive Business Manager.

According to their respective social media profiles:

• Tony Berntsen is based out of Curacao
• Tony Sandberg is based out of Norway
•  Saima Chaudhry is based out of the UK

First United Capital Group is “the Next Generation Global Investment Company” that brings our people together connecting capital and expertise with great ideas and products.

Although First United Capital Group isn’t mentioned on Global NFT Group’s websites, it appears to be another project from the group.

Global NFT Group operates from two known domains:

1. “gng.community” – privately registered on November 29th, 2022 and
2. “gngtoken.com” – privately registered on November 23rd, 2022

Update 26th March 2023 – The .community website cited above is still up, but “gngtoken.com” has been pulled offline.

Global NFT Group now goes by “Global NFT Group Investment Management”.

This reboot operates from “gngim.com”, privately registered on December 29th, 2022. As of February 2023, SimilarWeb tracks negligible traffic to the domain.

As per comment #6 left below this review, GNG token has been rebooted as PNGVN token.

This otherwise appears to just be a cosmetic reboot. /end update

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

L.NE fails to provide ownership or executive information on its website.

L.NE directs its MLM opportunity to South Africa, both through offered puff-piece news articles and use of the South African rand (ZAR).

L.NE’s website domain (“bcok.club”), was privately registered on November 25th, 2022.

L.NE operates its MLM opportunity through an app. L.NE’s app is provided on the domain “downele.club”, which is linked from L.NE’s homepage.

“Downele.club” was privately registered on December 1st, 2022. Through its source-code, we can confirm Chinese scammers are behind L.NE:

There’s also this odd line in L.NE’s Privacy Policy;

If you have violated relevant Chinese laws and regulations or this application service agreement or related rules, you need to disclose it to a third party.

Another point of interest is L.NE coordinating its MLM opportunity through the Telegram group “Photovoltaic7”

Telegram is a communication platform synonymous with fraud.

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…]

The Awakend Zenith patent dispute was set to be decided at trial on March 28th, 2023.

Following a stipulation filed on January 2nd, a new November 2023 trial date has been set. [Continue reading…]

In December 2022 Dashing Diva launched “The Diva Life” MLM opportunity.

In January 2023 Dashing Diva announced it had decided “to no longer move forward with The Diva Life program”.

Here’s what happened. [Continue reading…]

Indian authorities have frozen $11 million dollars they allege is part of a money laundering racket tied to QNet. [Continue reading…]

Tedy Teow, founder of the MBI International Ponzi scheme, is set to be extradited to China. [Continue reading…]

The Body Shop has opted to shut down its MLM operation sin the US.

As per an email sent out to distributors last week; [Continue reading…]

Sixteen Generation Zoe victims have filed a civil lawsuit against Generation Zoe and three US-based promoters.

Zoe Global University is/was a Generation Zoe Florida shell company, run by Florida based defendants Pablo, Matias and Agustin Monteleone. [Continue reading…]

Financial regulators in Portugal have issued a second CashFX Group securities fraud warning.

As per a January 17th warning from the Comissão do Mercado de Valores Mobiliários (CNVM); [Continue reading…]