Fondo Angel (Angel Fund), provides no information about who owns or runs the company on its website.

Fondo Angel’s website domain (“fondoangel.co”), was privately registered on May 23rd, 2022.

Fondo Angel specifically targets Peru through us of the Peruvian SOL.

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…]

RicaBot runs three website domains that I’m aware of; ricabot.world, ricabot.io and ricabot.info. There are probably more.

RicaBot fails to provide company ownership or executive information on any of its websites.

“Ricabot.world” was privately registered on January 9th, 2022.

“Ricabit.io” was first registered in March 2021. The private registration was last updated on February 28th, 2022.

“Ricabot.info” was registered in September 2021. “Qin Yu Wong” of ACI Business Consultancy, a Malaysian firm, is listed as the owner.

This suggests RicaBot has ties to Malaysia.

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…]

Tradeknology operates in the trading MLM niche. The company launched in 2020.

Tradeknology is based out of Texas. Heading up the company are co-founders Manoah McClendon, Jorge Raziel and Domingo Silvas.

According to McClendon’s Tradeknology corporate bio, as of 2020 he’d “been a successful trader for the last 11 years”.

I wasn’t able to verify that. Nor was I able to verify McClendon has any corporate experience, MLM related or otherwise.

What I did find was Manoah McClendon Ministries, which McClendon was heavily involved in till around 2016. That’s when McClendon reinvented himself as a trading bro.

This began with the “Houston Currency Traders”, which was what McClendon called his Wealth Generators downline.

McClendon has nuked anything that ties him to Wealth Generators, but there are still some snippets if you dig deep enough.

In this May 2016 video titled “Why Wealth Generators Demetrius Jones Answers“, Jones claims to have met McClendon “about nine years ago” at the time.

Jones states when they first met he and McClendon were both “flipping houses”. Presumably this preceded McClendon’s stint as a pastor.

Jones goes on to explain McClendon eventually recruited him into his Wealth Generators downline.

McClendon sat atop a “Houston Currency Traders” Wealth Generators downline, that Jones would eventually help him spread to Memphis, Chicago, Nashville and Atlanta.

Wealth Generators’ parent company Investview was fined $150,000 for fraud related to Wealth Generators in 2018.

Turns out Wealth Generators wasn’t so much about forex, as it was dumping money in a passive investment opportunity and earning pyramid scheme commissions.

Getting back to McClendon, by the end of 2016 he’d launched SmartTrade Academy.

This marks the beginning of McClendon not just building an MLM downline, but running his own grift.

Religion played a big part of that grift:

In 2017 McClendon became a crypto bro through Coins of Change.

As reviewed here on BehindMLM, Coins of Change was a bitcoin-based gifting scheme.

It was in Coins of Change that McClendon would meet his Tradeknology co-founders Jorge Raziel and Domingo Silvas.

Together with Edmond Lee, Raziel and Silvas ran the official Coins of Change FaceBook group. A BehindMLM reader pegged Silvas as the owner of the scam.

By the end of 2017 and right in the middle of the late-year crypto bubble, McClendon integrated crypto into SmartTrade Academy with “SmartCoins”.

Coins of Change would go on to inevitably collapse in 2018.

That prompted McClendon to launch “Cryptoknology”. He also began referring to himself as a “Master Trader”.

By now religion had mostly disappeared from McClendon’s social timeline.

The last post to Manoah McClendon Ministries’ FaceBook page was in October 2019.

In mid 2020 McClendon revealed Tradeknology, essentially a reboot of Cryptoknology with a different name.

McClendon also started referring to himself as a “Grand Master Trader”.

Based on SimilarWeb traffic analysis, today Tradeknology is being promoted across the UAE (51%) and US (49%).

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

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

BNBStaker’s website domain (“stakebnb.fun”), was privately registered through a Russian registrar on March 10th, 2022.

In addition to BNBStaker’s apparent ties to Russia, the company’s official Twitter profile is packed with Chinese Fiverr style promo videos:

Some Twitter posts from BNBStaker are also in Chinese:

This suggests BNBStaker has additional ties to China, possibly through Singapore.

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…]

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

Big Forest’s website domain (“big-forest.vip”), was privately registered through a Chinese registrar on March 27th, 2022.

Despite only existing for a few months, Big Forest falsely represents it has been around since 2012.

Big Forest’s use of a Chinese registrar strongly suggests ties to China.

On the recruitment side of things, SimilarWeb currently reports 100% EasyTask 888’s website traffic originates out of Peru.

This isn’t surprising, seeing as Big Forest operates in Spanish and uses the Peruvian SOL.

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…]

OnmaxDT provides no information on their website about who owns or runs the company.

In the company’s marketing material, made up OnmaxDT executives are provided:

For some reason OnmaxDT provide a random residential address in Queensland, Australia on their website.

OnmaxDT’s website domain (“onmaxdt.com”), was first registered in July 2021. The private registration was last updated on March 3rd, 2022.

SimilarWeb ranks traffic to OnmaxDT’s website as originating from Sri Lanka (98%) and Hong Kong (2%)

As opposed to being based out of Australia, 98% website traffic suggests OnmaxDT is being run from Sri Lanka.

It would certainly fit with fake executive names and broken English all over OnmaxDT’s website.

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…]

A few days ago BehindMLM published its Meta Utopia review.

Meta Utopia itself is an unremarkable “metaverse” MLM crypto Ponzi scheme.

As part of our research into it however, we tied Nicholas Coppola to the Ponzi scheme’s founder.

Or rather he did, through a since-deleted Instagram story:

Turns out Coppola wasn’t happy with being publicly tied to Meta Utopia. He only wants to be a crypto bro Ponzi scammer in secret.

Today we welcome Nicholas Coppola to BehindMLM’s DMCA Wall of Shame. [Continue reading…]

TradeProfit provides no reliable executive or company ownership information on its website.

TradeProfit does provide “expert team members”, however these are fake names represented by stock photos:

In an attempt to appear legitimate, TradeProfit provides UK incorporation details for “Tradeprofit.net”.

A search of Companies House reveals the provided incorporation details don’t exist.

TradeProfit’s website domain (“tradeprofit.net”), was privately registered on March 21st, 2022.

Despite only existing for a few months, TradeProfit falsely claims it has “years of experience”. Experience in what isn’t clarified.

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…]

Following an agreement reached with the IRS, the USFIA Receiver has secured authorization to send out USFIA victim distribution payments. [Continue reading…]

EminiFX founder Eddy Alexandre’s arraignment and pre-trial conference was held on June 16th.

Alexandre pled not guilty to one count of commodities fraud and one count of wire fraud. [Continue reading…]