The Shared989 “click a button” app Ponzi scheme has collapsed.

At time of publication Shared989’s website is offline.

From what I’ve been able to piece together, Shared989 collapsed sometime in the past few days. [Continue reading…]

I’ve been under the impression Malaysian authorities had done nothing about TriumphFX.

Pretty much since BehindMLM first reviewed TriumphFX in 2017, Malaysia has been a top source of recruitment.

Turns out while the Bank of Malaysia hasn’t done anything, the Malaysian SEC issued a TriumphFX securities fraud warning back in 2020. [Continue reading…]

The DF Finance “click a button” app Ponzi has collapsed.

Affiliates have reported withdrawal problems starting May 28th, the same day DF Finance was reviewed on BehindMLM. [Continue reading…]

South African authorities have finally provided an update on Johann Steynberg’s Brazilian extradition.

The bad news? Steynberg is going to waste everybody’s time fighting the inevitable.

The good news? Get an extra large serving of popcorn ready. [Continue reading…]

V8 Profit provides no information about who owns or runs the company.

V8 Profit’s website domain (“v8profit.com”), was privately registered on March 8th, 2022.

Further research reveals off-site V8 Profit marketing naming “Jaime Sol” as CEO:

Jaime Sol doesn’t exist outside of V8 Profit’s marketing. Further research still reveals that’s because Jaime Sol is being played by James Sol:

The vK profile photo above dates back to 2016, well before the launch of V8 Profit so I’m assuming it’s not a plant.

I wasn’t able to find anything further on James Sol.

In any event, vK is the largest social network in Russia. This strongly suggests V8 Profit has ties to Russia.

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…]

Mether World operates in the cryptocurrency MLM niche.

The company claims it “was founded in 2020 in Estonia.”

To that end a corporate address in a tiny 1000 population village in Estonia is provided. Given this, it is likely Mether World exists in Estonia in name only.

Supporting this is SimilarWeb tracking 100% of traffic to Mether World’s website as coming from India.

No company ownership or executive information is provided on Mether World’s website.

For that we have to go to mCoin, represented as being a “service” tied to Mether World.

mCoin has its own website, on which the following executive team is provided:

• Denis Shehu – CEO
• Andrzej Adam – CMO
• Daniel Weiss – MO
• Robert Ciurkot – blockchain bro
• Paul Smith – second blockchain bro

Social media accounts for Denis Shehu are provided. I clicked through the FaceBook and was the first thing I saw was Dubai:

Dubai is the MLM crime capital of the world.

Any MLM company operating out of Dubai automatically raises red flags. If it’s an MLM crypto company, I can all but guarantee it’s a scam.

I don’t know for sure if he is, but Shehu definately gives off Boris CEO vibes.

There’s something strange about a bunch of Europeans sitting in Dubai scamming only Indians.

From their own marketing, this is what Mether’s top affiliate leadership group look like.

Again I didn’t find anything conclusive, but I’m not inclined to buy the Dubai CEO schtick on this one.

What I did learn is Mether World is a reboot of a collapsed Ponzi scheme.

Mether World also goes by Mether Network. The company was originally launched with MNC Coin:

Through “Mether Digtial World”, Mether World pitched a 2.5% weekly ROI, paid out in MNC coins.

MNC were never publicly tradeable. They didn’t exist outside of Mether World – meaning when Mether World collapsed, investors were left bagholding worthless Ponzi points.

I haven’t been able to pinpoint an exact date, but Mether World’s original MNC Ponzi appears to have collapsed in early to mid 2021.

The reboot of Mether World saw it create mCoin shortly after. And that is what we’re taking a look at today.

Denis Shehu was part of the original Mether World launch but not as CEO. Instead you had these guys in charge:

I’m not 100% sure on the relationship between Andreas Vezonik’s “VolumeX” company and Mether World.

Anyway, whatever VolumeX was it doesn’t exist anymore. It was abandoned around July 2021 – likely when Mether World’s MNC Ponzi collapsed.

Today Andreas Vezonik runs “LeverageX”, presumably a continuation of VolumeX.

Update 23rd September 2022 – Andreas Vezonik has been in touch and states;

It is wrong that I had any connection to this company you are mentioning. They used me in their presentation without my knowledge after they ask me if I want to join.

They approached and wanted me to be “CEO”, I declined and they were pissed. So they started putting me in all presentations in Pakistan in India.

I have proof how their clients from Pakistan were texting me on Instagram to check if im really involved. I told all of them that I was not and warned the founders that its gonna get legal if they don’t stop mentioning my name as reference.

I hate these guys and I don’t want the article to be removed, not at all. They are scammers. But it’s wrong pulling me in.

Vezonik also insists VolumeX is “a running company with a running platform”. /end update

One thing is for sure, there’s a lot more Indian looking people in Mether World’s original marketing than there is now. This further supports Denis Shehu being a Boris CEO.

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…]

Just days after featuring on BehindMLM, the Aufin Ponzi scheme has collapsed.

Aufin’s collapse follows an Aufin Coin exit-scam announcement, as well as an email begging investors for more money. [Continue reading…]

KKBT has collapsed.

The Ponzi scheme is the latest exit-scam from a series of app-based Ponzis, all believed to originate out of Asia. [Continue reading…]

A reader tipped me off to a video titled, “Would You Swap $20 for $30?”

It depicted Dan Putnam, “on his way to a gas station”, shooting an “opportunity video”.

This was my first introduction to B-Eco.

Unfortunately when it came up for review some time later, the video had been “removed by the uploader”. I’m not sure why. Fortunately it’s still available via reupload.

The marketing premise behind B-Eco is summed up by Putnam early on in the video;

Question number one; Would you trade $20 for $30?

And question number two; Do you think you could find two other people, who would also trade $20 for $30 – within the next 48 hours?

Read on for a full review of the B-Eco MLM opportunity. [Continue reading…]

Yu Klik provides no company ownership or corporate information on its website.

Yu Klik’s website domain (“yuklik.id”), was privately registered on March 21st, 2022.

After its website domain was registered, Yu Klik appears to have launched on or around April 5th.

At time of publication, Yu Klik’s website domain is nothing more than an affiliate login form:

When I put together my preliminary research notes for Yu Klik, I’d also flagged the domain “yunetwork.id” as relevant.

That domain appears to have been abandoned, but not before it was rebranded as “Arbitgo”:

I’m not sure what the story is there.

On social media Yu Klik promoters are naming “Mr. Ardiansyah” and “Mr. Samuel” as Commissioner and CEO of the company respectively.

This lead me to Yu Klik’s April 2022 launch event, where both Ardiansyah and Samuel put in an appearance (source 1, source 2):

Beyond that I wasn’t able to ascertain anything further on the two.

As you might have surmised from the use of Indonesian domains, Yu Klik is primarily marketed to Indonesian speakers.

Although it’s only been around for a short time, Yu Klik has already attracted the attention of Indonesian authorities.

On March 21st 2022, Yu Klik was incorporated in Indonesia as “PT Smart Multi Trade”.

Kominfo is Indonesia’s Ministry of Communication and Information Technology.

In April 2022 Indonesia’s Financial Services Authority (OJK), added Yu Klik to its illegal investments list (direct link to listing).

Whoever is running Yu Klik at a minimum has ties to Indonesia. Its highly likely they are based out of Indonesia itself.

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…]