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

NeyRobot’s website domain (“neyrobot.com”), was privately registered on March 30th, 2021.

In an attempt to appear legitimate, NeyRobot provides an incorporation certificate for NeyRobot LTD on its website.

NeyRobot LTD was incorporated in the UK on March 28th, 2022.

An MLM company operating or claiming to operate out of the UK is a red flag.

UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.

As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.

For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.

As opposed to the UK, NeyRoboto’s website source-code suggests Russians are behind the company.

The first video uploaded to NeyRobot’s official YouTube channel was in Russian.

In the FAQ section of NeyRobot’s website, there’s a self-hosted marketing video at the bottom of the left sidebar. The video is in voiced over in Russian, regardless of the website language selected.

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 Terra/Luna crypto crash last month saw Full Velocity’s bot generate 90%+ losses for affiliates.

Despite being advertised as being able to “thrive in volatile markets”, when an actual volatile market came along, Full Velocity bot accounts were promptly liquidated.

Now founder James Ward is back with a new bot. [Continue reading…]

Cash Building System Unlimited fails to disclose company ownership or executive information on its website.

There are some clues though. The company J.D. Marketing appears on marketing material and the website itself.

J.D. Marketing is incorporated in Ohio. The company is owned by Jay Dagan.

Other than J.D. Marketing being behind similar looking companies to Cash Building System Unlimited over the years, I was unable to find anything further on Dagan.

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…]

TriumphFX has received a second investment fraud warning from Indonesian authorities. [Continue reading…]

Maverick The Collection operates in the fashion clothing MLM niche.

Maverick the Collection was launched on or around early 2019. The company is headed up by founder and CEO, Stephanie Lynn Jonas.

Jonas describes herself as a

devoted wife, boy mom and previous team leader of the one of the most well known clothing names in the business.

That’d be LuLaRoe, which Jonas appears to have joined on or around late 2016.

Maverick The Collection’s official FaceBook page is actually Jonas old LuLaRoe page repurposed.

We can see Jonas left LuLaRoe in late 2018, going on to launch Maverick The Collection less than six months later.

I wasn’t able to ascertain why Jonas left LuLaRoe. LuLaRoe was going through a turbulent time in 2018, perhaps that had something to do with it.

There also appears to be a bit of shade thrown in Jonas’ Maverick The Collection corporate bio;

(Jonas) wanted to created a(n) MLM company that truly resembled a boutique, rather than a company that mass produces the same 15 styles over and over again.

She wanted variety, quick turn around and the ability to offer smaller quantities to her stylists.

One could surmise these were faults Jonas found with LuLaRoe’s “leggings lottery” business model.

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

Aufin is an abbreviation of “AU Finance Limited”.

Aufin provides no company ownership or executive information on its website.

Instead, Aufin provides a UK incorporation certificate for “Aufin Finance Limited”.

Aufin Finance Limited was incorporated on April 19th, 2022.

An MLM company operating or claiming to operate out of the UK is a red flag.

UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.

As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.

For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.

Aufin’s website domain (“aufin.biz”), was privately registered on May 4th, 2022.

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…]

Authorities in Delhi have raided the houses of Bitcoin Gain scammers Ajay Bhardwaj and another accomplice.

The long-running investigation is now reported to have spread to additional police departments across India. [Continue reading…]

Metafi Yielders has received a pyramid fraud from the Central Bank of Russia. [Continue reading…]

The FTC claims the Supreme Court’s AMG decision has cost consumer a staggering $1.5 billion.

The losses were realized through various fraudulent schemes, with the AMG decision leaving the FTC unable to effectively hold scammers accountable. [Continue reading…]

Jonathan Sifuentes’ My Trader Coin securities fraud trial has been scheduled for August 22nd. [Continue reading…]