If screenshots posted by accomplice CEO Michel Daher are to be believed, the Australian Securities and Investment Commission aren’t happy with Metafi Yielders. [Continue reading…]

WaterMine was an MLM crypto Ponzi that collapsed in June 2021.

Two months later someone registered the domain “watermine.ltd”. Now they’re trying to reboot the Ponzi scheme. [Continue reading…]

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

Win on Wealth’s website domain (“wow-winonwealth.com”), was privately registered on February 26th, 2022.

In the footer of Win on Wealth’s website a residential address in Tustin, California is provided.

This address corresponds to WOW Win On Wealth, a California Stock Corporation (C4847301).

Wow Win On Wealth was incorporated on February 11th, 2022. Trong Hoang Luu is listed as the registered agent for the company. Linh Thuy Le is listed as the incorporator.

Trong Hoang Luu is not a common name. I can’t confirm it’s the same person but I will note that a Trong Hoang Luu with ties to California has a permanent FINRA ban.

The ban, issued in 2002, prohibits Luu from “acting as a broker or otherwise associating with a broker-dealer firm.”

The ban is in connection to WMA Securities Inc., an insurance scam run by World Money Group Inc.

WMA Securities was incorporated in Georgia. Luu worked for the firm’s Anaheim, California branch.

In April 2022 World Money Group and WMA Securities were fined $200,000 for multiple violations of FINRA’s rules.

Luu copped his FINRA ban for ignoring requests for documentation by the National Association of Securities Dealers, as part of their investigation into WMA Securities.

Another name I can tie to Wow Win on Wealth is someone going by AJ Lewis. AJ Lewis is Arthur J. Lewis, a resident of Homestead, Florida.

As above, Lewis is represented to be a banker. As I understand it he was hosting Win on Wealth marketing presentations circa April 2022.

Unfortunately the marketing videos featuring Lewis have since been deleted.

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…]

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

HawkChain’s website domain (“hawkchain.com”), was first registered in January 2021. The private registration was last updated on June 4th, 2022.

HawkChain’s current website appears to have gone live on or around June 2021.

HawkChain’s official FaceBook page was created June 12th, 2021. HawkChain’s official YouTube channel was created on July 6th, 2021.

HawkChain’s launch video was uploaded to YouTube on March 17th, 2022:

On its website, HawChain falsely represents it has been around since 2018.

On May 7th HawkChain uploaded a cringey theme song. This was followed up by its first Boris CEO video, featuring “Andrew Dwight”.

The actor playing Dwight appears to be based out of Dubai.

The above is a promo shot for Ski Dubai, an indoor ski resort in the UAE. Here’s another one:

I wasn’t able to pin down a name but this suggests the actor playing Dwight is based out of Dubai.

On May 10th HawkChain uploaded a followup Boris CEO video, this time featuring “Oliva Bardot”:

Oliva Bardot is in fact Hanane Spiers:

Hanane Spiers is an actor who, at least as of 2017, represented she was based out of the UK.

We can tie Spiers to Dubai via a July 2021 Russian puff-piece covering a nail salon in Dubai.

UK studio Jam Pond Photography provides us with some more recent Hanane Spiers headshots:

From its Boris CEO marketing videos we can assume HawkChain is being run out of Dubai.

Authorities in Dubai turn a blind eye to MLM related fraud. Combined with limited extradition treaties, Dubai provides a safe-haven for scammers from around the world.

BehindMLM considers Dubai the MLM scam capital of the world. As a general rule, it’s safe to assume any MLM company with ties to Dubai is a scam.

Boris CEO schemes are typically the work of scammers in Russia and/or Ukraine.

Likely due to the ongoing war in Ukraine and associated Russian sanctions, it appears the Boris CEO Ponzi factory has moved to Dubai.

SimilarWeb currently ranks top sources of traffic to HawkChain’s website as Italy (39%), Poland (13%), Tunisia (10%), Sweden (7%) and Madagascar (7%).

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 its NEEW exit-scam, Sky World Community is again looking to integrate cryptocurrency into its Ponzi scheme. [Continue reading…]

A visit to Zpmxcfe’s website from anything but a mobile device presents this:

If we look at the source-code for that page, we can see it is localized to Chinese:

Zpmxcfe’s website domain (“zpmxcfe.xyz”), was registered with bogus details through a Chinese registrar.

This strongly suggests whoever is running Zpmxcfe 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…]

Mined has received a securities fraud warning from the Central Bank of Uruguay (BCU).

BCU is Uruguay’s top financial regulator. [Continue reading…]

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

Coinsxtra’s website domain (“coinsxtra.com”), was first registered in 2020. The private registration was last updated on May 17th, 2022.

In an attempt to appear legitimate, CoinsXtra provides a UK incorporation certificate for “CoinsXtra.com”.

A search of Companies House reveals no such incorporation exists.

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 Future Trade was a Ponzi scheme launched in 2020.

BehindMLM was so impressed with its marketing video production quality, that we awarded The Future Trade “best scam marketing vid” of the year.

Unfortunately The Future Trade deleted its award winning video on or around September 2021.

Whereas the actor playing Meril Rid put in an entertaining Boris CEO performance of a lifetime, The Future Trade replaced its previous actor videos with a bog-standard rented office video in September 2021:

“Oliver Campbell” is The Future Trade’s new Boris CEO. He’s supported by a cast of usual suspects with eastern European accents.

As noted in our original The Future Trade review, “our team” photos uploaded to The Future Trade’s website featured a close-up of one of the name-tags used in its new marketing video.

The brand of the lanyard is “Brauberg”, a Russian office supplies store:

Boris CEO Ponzi schemes are typically the work of Russian scammers.

Update 3rd August 2022 – BehindMLM reader Dymista has done some digging to reveal “Oliver Campbell” is Russian actor Anton Brovchuk.

“Arundel Holmes”, presented as The Future Trade’s CMO…

…is Vasily Turkin, another Russian actor based out of Moscow:

And finally we have “Candy White”, head of The Future Trade PR:

White is played by Maria Smakhtina, also a Russian actor based out of Moscow:

We already knew The Future Trade was a Russian Ponzi. From this additional information, we can narrow down the scammers running it to Moscow. /end update

I don’t have an exact date the reboot launched but I believe it happened sometime in Q2 2021. Around the time their new Boris CEO video went up.

In any event, today we’re reviewing The Future Reboot in its current reboot state.

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

The CFTC has secured a preliminary injunction agreement with EminiFX owner Eddy Alexandre.

The proposed injunction, which awaits approval from the court, was filed on June 14th. [Continue reading…]