The EasyTask 888 “click a button” Ponzi scheme has collapsed.

On July 6th BehindMLM reader Ferdinand Rose advised EasyTask 888 ‘collapsed on July 1, 2022 (and) all of the money were stolen for the owners of this site.’

I was able to independently confirm EasyTask 888’s collapse via social media. [Continue reading…]

Bestlife Worldwide founder and CEO Steve Moretta appears to have struck a deal with Jonathan Sifuentes.

As per a July 6th press-release, Bestlife Worldwide affiliates are being shuffled into Sifuentes’ Decentra Ponzi scheme. [Continue reading…]

If you’re new to OneCoin through the FBI adding founder Ruja Ignatova to their “most wanted” list, it might come as a surprise to learn the Ponzi scheme is still very much active.

Given safe-harbor by corrupt Bulgarian officials, OneCoin still maintains its executives offices in the capital Sofia.

These are same offices Ruja Ignatova bought and once ran the Ponzi out of.

As part of OneCoin’s efforts to continue defrauding consumers, Ventsislav Zlatkov was appointed CEO back in January.

With news of Ruja Ignatova’s wanted status being widely reported globally, Zlatkov has a problem on his hands.

The solution? Pretend Ruja Ignatova has nothing to do with OneCoin. [Continue reading…]

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

Nextera’s website domain (“nextera.ltd”), was privately registered on May 22nd, 2022.

Despite only existing for just over a month, Nextera falsely claims it’s “being [sic] in the digital currency market since 2012”.

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…]

Martingale Bot doesn’t operate from a website. Instead it’s a bot run on Telegram.

We’ll get more into this in the conclusion of this review. With respect to due-diligence though:

• Martingale Bot doesn’t disclose who owns the opportunity
• Martingale Bot has an MLM compensation plan and operates as an MLM opportunity.

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…]

FVP Trade operated in the trading MLM niche.

The company also goes by FVP Holdings. Looking at FPV Trade’s and FVP Holdings’ respective YouTube channels, it seems FPV Holdings was abandoned in mid 2021.

While FVP Holdings’ website is still online, FVP Trade appears to be the prevailing company name so we’ll go with that.

FVP Trade’s website domain (“fvptrade.com”), was registered through an address in the British Virgin Islands in December 2019.

FVP Holdings’ website domain (“fvpholdings.com”), was privately registered on the same date.

FVP Trade’s and FVP Holding’s websites were set up in March 2020, both companies launched shortly thereafter.

FVP Trade represents it is run by FVP Holdings founder Tim Booth.

Booth appears in an FVP Trade Marketing video, uploaded to FVP Trade’s official YouTube channel on August 4th 2020.

It’s your typical Boris CEO rented office affair, complete with branded paraphernalia.

Whoever is actually running FVP Trade has gone to some effort to create a digital footprint for Booth, but it all points back to FVP Trade. He doesn’t exist outside of the company’s marketing.

Also on FVP Trade’s website you’ll find “Stacy Wright”.

Wright doesn’t appear in any of FVP Trade’s marketing videos, because she appears to be a Russian maths and physics private teacher:

The makeup makes it difficult to confirm so I’m not 100% sure on this. I’ve blocked out her name as a precaution. The important thing to note here is Wright being a teacher.

In the linked FVP Trade marketing video above we also have “David Moche”.

Moche is cited as founder of Qfinity Labs. Qfinity Labs has a website set up at “qfinitylabs.com”, privately registered in March 2020 – when FVP Trade’s and FVP Holdings’ websites were being created.

As per Moche’s Qfinity Labs corporate bio;

Dr. David Moche was born in Sarcelles, Paris, on January 15th, 1976. He attended high school in Tel Aviv.

I’m no expert but the actor playing Moche has a European accent. It’d pass for French.

I wasn’t able to lock down a name for Moche but I did find someone who looks remarkably similar to him:

That’s from 2016. It’s the actor playing Moche teaching French at a school in Vietnam.

I’ll readily admit the school photo is at a weird angle. If you look at the forehead area, nose, dark-circle eyes and chin/cheek lines around Mocha’s smile though, they’re all pretty similar.

I felt much more confident I’d found Moche than I had “Stacy Wright”, but nonetheless I kept digging.

Also in FVP Trade’s marketing video is FVP Trade CEO “Jonathan Greene”:

Here’s the actor playing Greene in December 2018, playing Santa Claus at an English school in Vietnam:

If you’re not seeing it note the gap in the teeth and styled beard.

Three teachers, two of them tied to Vietnam and one possibly from Russia – that’s too much of a coincidence to ignore.

FVP Trade began uploading to its YouTube channel in March 2020. Early videos targeting Chinese speakers:

This flopped and saw FVP Trade upload its last Chinese video on April 10th.

FVP Trade then pivoted to marketing in English only. That culminated in the hiring of actors for their August 2020 video.

I can’t definitely explain why teachers in Vietnam were targeted. Both China and Vietnam closed their borders in March 2020 due to COVID-19. Perhaps it was easier to find teachers in Vietnam.

There’s also the possibility that come 2020, the teachers had moved on from Vietnam but given they worked at different schools I think this is unlikely.

In an attempt to appear legitimate, FVP Trade has hired booths at various Finance events.

First there was the Finance Magnates London Summit, held in November 2021. The video is populated by a new cast of actors representing FVP Trade.

Things get a bit more real in December 28th 2021, when FVP Trade held a marketing event in Malaysia.

The event featured “performers” from China (streamed in) and quite obviously aimed at a Chinese speaking audience.

FVP Trade helpfully livestreamed a rehearsal of the event, where we see this woman:

She introduces herself as Kaylee (I don’t know if that’s the correct spelling).

Kaylee has a distinctive accent I immediately recognised. She hosted the disastrous HyperNation launch event in May 2022.

Kaylee just appears to be a presenter and I don’t know if there’s any links between Ryan Xu’s and Sam Lee’s Hyper* Ponzi schemes and FVP Trade.

Probably not, but it’s still amusing to see scammers from Asia using the same production company to run their scam events.

Of note is none of FVP Trade’s western teacher actors attending the Malaysia event. They only put in a brief appearance via a pre-recorded video message.

The point of FVP Trade’s Malaysia event appears to have been to launch FVP Ex. This ties into FVP Trade committing securities fraud via issuance of virtual shares.

FXP Ex was supposed to launch in February 2022. That’s now been pushed back to “Q3 2022”:

In February 2022 FVP Trade revealed ties to Dubai. Dubai is the MLM crime capital of the world. Any MLM company representing it is based out or has ties to Dubai is practically guaranteed to be a scam.

FVP Trade’s Dubai event was some meaningless document signing between it and “Al-Mohannadi Group”.

Of note though was the presence of our western teachers, suggesting they might have relocated to Dubai.

There was also the obligatory “pay for an ad on the Burj Khalifa” song and dance:

Later that same month (Feb 2022), FVP Trade bought a booth at iFX Expo Dubai.

Here we saw FVP Trade’s western teacher actors with what appears to be their minders:

The actors from the London December 2021 expo weren’t anywhere to be seen.

Here’s a group shot of FVP Trade’s team in Dubai:

There are a few token non-Asians but I think you get the point.

We appear to have scammers with ties to China, Vietnam and Malaysia (possibly Singapore and a Russian tie-in too), who initially pitched to Chinese investors. When they realized that wasn’t working early on, they hired western teachers to front their scam.

I believe the only time FVP Trade has put someone who might actually be tied to the company’s owners on camera, was in June 2021:

Samuel Chou, which probably isn’t that guy’s real name either, doesn’t appear in any FVP Trade marketing material.

Based on SimilarWeb traffic analysis, FVP Trade is currently being promoted in Italy (44%), Brazil (11%) and Indonesia (8%).

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…]

Bonanza Global operates in the cryptocurrency MLM niche.

Corporate information provided by Bonanza Global appears to be baloney.

In an attempt to appear legitimate, Bonanza Global provides incorporation certificates for El Salvador and California in the US.

For the purpose of MLM due-diligence, basic incorporation anywhere is meaningless. This mostly comes down to the ease with which scammers are able to incorporate shell companies with bogus data.

Another red flag is Bonanza Global representing virtual office space in California is their “corporate office”:

Supposedly heading up Bonanza Global are co-founders Francisco Sarabia and Paz Sanchez.

Beyond the two photos provided, Sarabia and Sanchez have no verifiable digital footprints outside of Bonanza Global marketing.

Assuming the photos themselves aren’t stolen, this makes them prime Boris CEO candidates.

Further supporting this is SimilarWeb ranking top sources of traffic to Bonanza Global’s website as the US (54%) and the UAE (46%).

The UAE is guaranteed to be Dubai and sticks out like a sore thumb. Dubai is the MLM crime capital of the world and goes hand in hand with Boris CEO scams.

As to where the Bonanza Global scammers are originally from, the company’s official YouTube video originally targeted South Koreans:

We’re possibly looking at SEA scammers operating out of Dubai.

Bonanza Global’s traffic from the US can be explained by serial Ponzi scammers in the US pushing it on YouTube:

Bonanza Global’s website domain (“bonanzaglobal.net”), was privately registered on February 27th, 2022. Bonanza Global marketing went live in March.

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…]

Newcrest Investments provides no credible executive information on their website.

Newcrest’s website is full of poorly photoshopped stock photos of offices:

A list of Newcrest Investments’ Board of Directors is provided…

…however none of these people appear to exist in the real world.

Where some of them do exist is on PayWot’s Board of Directors:

Paywot is a collapsed Ponzi scheme that was put together in 2020. The scam didn’t launch though until mid 2021.

Heading up Paywot was an actor standing in front of a green screen.

In the source-code of Newcrest Investments’ website we find reference to “capitalshares.ltd“:

Capital Shares in yet another Ponzi scheme. Newcrest Investments’ website is a clone of Capital Shares’ website.

And so we have Paywot –> Capital Shares –> Newcrest Investments, all from the same group of scammers. Note there are likely other Ponzi schemes out from the same group too.

Although they don’t publicise it, Newcrest Investments has its own YouTube channel, on which they have Fiverr testimonials.

This strategy was used both for Paywot and Capital Shares.

In an attempt to appear legitimate, Newcrest Investments provides incorporation details for Newcrest Investments LTD.

Newcrest Investments LTD was incorporated in the UK in October 2020. Considering Newcrest Investments’ website domain was only registered in February 2022, the UK incorporation appears to be unrelated.

Capital Shares represented it was being run through a Singapore shell company. Paywot went the dodgy Cyprus/UK route.

I did note that a white paper PDF on Paywot’s website was created by “Sunny King”. There is a crypto developer going by this name but it’s an alias.

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…]

Seemingly in response to BehindMLM’s coverage of Nugen Universe, the Ponzi scheme has demanded affiliates immediately delete incriminating evidence. [Continue reading…]

LyoFI is a spinoff of the WeWe Global Ponzi scheme.

LyoFI’s website domain (“lyofi.com”), was privately registered on July 30th, 2021.

WeWe Global revealed the company, as a partnership with itself, in October 2021:

In the footer of LyoFI’s website, the following information is provided:

DIGIFI GROUP LTD
BRN: 2073860
Skeleton Bay Lot, Tortola BVI

The BVI is a scam-friendly jurisdiction that scammers only use to incorporate shell companies. Any MLM company representing ties to the BVI is an immediate due-diligence red flag. [Continue reading…]