Roman Ziemian has been added to BehindMLM’s DMCA Wall of Shame.

Ziemian, a wanted fugitive and co-founder of the collapsed FutureNet Ponzi scheme, appears to be trying to hide reporting on his criminal activity. [Continue reading…]

IOI Mall fails to provide ownership or executive information on its website.

IOI Mall’s website domain (“ioi-mall.com”), was registered with bogus details on July 24th, 2024.

Of note is IOI Mall’s website domain being registered through the Chinese registrar Alibaba (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…]

TrageTech fails to provide ownership or executive information on its website.

TrageTech’s website domain (“tragetech.com”), was privately registered on January 15th, 2024.

In an attempt to appear legitimate, TrageTech claims it is registered with the SEC:

“TrageTech” isn’t registered with the SEC but “Trage Technologies Ltd” was registered in February 2024.

Trage Technologies LTD is a Marshall Islands shell company with one Director; “Graeme Gary Hearn” of “Trust Company Complex”.

Trust Company Complex appears to be a “shell company in a box” type service operated by persons unknown.

The entity appears routinely tied to dodgy shell companies.fraud. At least one Trust Company Complex shell company is listed on the Office of Foreign Assets Control’s sanctions list.

Given Marshall Islands is a tax haven with non-existent regulation of MLM related fraud, Trust Company Complex’s Graeme Gary Hearn likely doesn’t exist.

Supporting this is TrageTech naming “Michael Hearn” as CEO in their marketing materials:

This name is unlikely to be a coincidence. Michael Hearn, aka Mike Hearn, is a relatively well-known former Google and bitcoin dev.

TrageTech’s Michael Hearn is played by UK national Daniel Poole:

Poole is based out of Thailand and is the Entertainment & Activities Consultant at X2 Logistics Networks.

Note Poole represents himself on social media with a profile photo that appears to be well over a decade old.

Having established TrageTech’s CEO doesn’t exist it follows that, beyond registering a shell company to register with the SEC, TrageTech has no actual physical ties to the Marshall Islands.

To date TrageTech has made two SEC filings. We’ll go over these in the conclusion of this review (spoiler alert: they’re meaningless).

Boris CEO schemes, wherein an actor is hired to play an executive, are typically the work of Russian scammers. This isn’t definitive but does potentially tie in to Thailand’s growing Russian population.

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…]

PixelTap USDT fails to provide ownership or executive information on its website.

PixelTap USDT’s website domain (“pixeltap-usdt.com”), was registered with bogus details on July 28th, 2024.

Of note is PixelTap USDT’s website domain being registered through the Chinese registrar Alibaba (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…]

Club Ten operates in the ecommerce MLM niche. The company is based out of Dubai through the Planet Empire FZCO shell company.

Heading up Club Ten are co-founders Dennis Bay, James Lee (aka Lee Keng Cheong), Enrico Garcia and Erick Kalugdan.

Bay and Lee are from Singapore, Garcia and Kalugdan are from the Philippines. All four Club Ten co-founders are former WorldVentures promoters/executives.

Dennis Bay filed a lawsuit against WorldVentures in 2018, alleging $243,057 in unpaid commissions.

WorldVentures sued James Lee in 2018, alleging cross-recruitment into Mavie.

Enrico Garcia worked at WorldVentures corporate as “SEA Emerging Marketing Manager”.

Erick Kalugdan appears to have been a lesser ranked WorldVentures promoter who kept his head down.

WorldVentures was a discount travel themed MLM pyramid scheme that collapsed in December 2020.

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.

BehindMLM’s guidelines for Dubai are:

1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
2. If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

If you want to know specifically how this applies to Club Ten, read on for a full review. [Continue reading…]

Andreas Szakacs, co-founder of the OmegaPro Ponzi scheme, appears to have been arrested in Turkey. [Continue reading…]

AB Quantify fails to provide ownership or executive information on its website.

AB Quantify has three known website domains:

1. abqf.cc – privately registered on July 3rd, 2024 (already abandoned)
2. abqf.uk – privately registered on July 3rd, 2024
3. abqt4.com – privately registered on July 25th, 2024

Despite existing for less than a month, on its website AB Quantify falsely claims it was “founded in London in 2017”.

AB Quantify presents its whitepaper in Chinese:

This suggests whoever is running AB Quantify 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…]

Arm Trade, or Advanced Robotic Management Trade, fails to provide ownership or executive information on its website.

Arm Trade’s website domain (“armtrades.com”), was privately registered on June 27th, 2023.

Of note is Arm Trade citing “Dubai Time Zone” in their marketing material:

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.

BehindMLM’s guidelines for Dubai are:

1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
2. If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

If you want to know specifically how this applies to Arm Trade, read on for a full review. [Continue reading…]

Alex Dee has pled guilty to one count of conspiracy to commit wire fraud.

Dee’s guilty plea was entered on July 30th. Sentencing, including restitution is to be scheduled at a later date. [Continue reading…]

SKGTP AI fails to provide ownership or executive information on its website.

SKGTP AI’s website domain (“skgtp-ai.com”), was registered with bogus details on July 27th, 2024.

Of note is SKGTP AI’s website domain being registered through the Chinese registrar Alibaba (Singapore).

In an attempt to appear legitimate, SKGTP AI offers up this nonsensical certificate:

Putting aside the certificate is doctored, I have no idea what it’s supposed to signify.

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…]