The Trust Investing Ponzi scheme has collapsed.

Rather than just admit the scheme ran out of investor funds to pay out, CEO Diego Chaves claims the company was hacked. [Continue reading…]

Trust Investing has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores.

As per the CNMV’s April 4th warning, Trust Investing [Continue reading…]

A visit to EthTRX’s website reveals an empty backoffice for a few seconds:

Then the message “please logged on” pops up, before the visitor is redirected to an affiliate login/signup form.

When logged in as an affiliate, EthTRX provides a Google Store app link.

Interestingly enough, when I attempted to access the link manually it came back “not found”. Also note the whitepaper link provided is tron’s whitepaper, it has nothing to do with EthTRX.

EthTRX’s website domain (“ether-trx.com”), was privately registered on February 26th, 2022.

SimilarWeb currently ranks top sources of traffic to EthTRX’s website as Ethiopia (37%), Indonexia (13%) and Ukraine (10%).

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…]

Emile Parfait Simb, owner of the Liyeplimal Ponzi scheme, has been arrested in Cameroon.

Business in Cameroon reports authorities picked up Simb at Duoala Airport on May 26th.

He was moments away from boarding a plane to flee to Morocco. [Continue reading…]

Having just settled a six-year long lawsuit against Dave and Barb Pitcock, Youngevity appears to be targeting them again.

This time through Innov8tive Nutrition and parent company LaCore Enterprises.

Oh and apparently Innov8tive Nutrition’s patches don’t contain what’s advertised, classifying them as unapproved drugs. [Continue reading…]

On May 19th 2022, the Zeek Receiver announced the Zeek Rewards Receivership was officially closed.

This marks the end of an era here at BehindMLM, spanning eleven years and two hundred and thirty-two articles. [Continue reading…]

Ronae Valyn Jull, posing as “Hope Hill”, first appeared on BehindMLM’s radar as HyperFund’s Compliance Officer.

This was amusing at the time because, well HyperFund was a Ponzi scheme.

Whether she came up with the pseudo-compliance I can’t say, but Jull was responsible for pushing the narrative that renaming investments to “memberships” somehow legitimized a Ponzi scheme.

Jull went so far as to punish (or claimed to), HyperFund affiliates who didn’t toe the line.

HyperFund inevitably collapsed in December 2021. It was rebooted as Hyperverse but by that point Jull had disappeared.

A reader claimed Jull officially left Hyperverse on May 1st. Earlier today I came across Jull promoting DF Finance, another MLM crypto Ponzi scheme.

That prompted me to take another look into Jull, during which I learned HyperFund wasn’t her first Ponzi rodeo. Far from it.

In 1999 Ronae Jull was indicted and arrested for running her own Ponzi scheme. She would eventually plead guilty and be sentenced to 30 months in prison. [Continue reading…]

DF Finance fails to provide company ownership or executive information on its website.

In fact as I write this, DF Finance’s website is nothing more than an affiliate registration/login form:

Our source material for this review is thus a DF Finance marketing video, narrated by none other than Ronae Jull.

Jull appeared on BehindMLM’s radar last year as “Hope Hill”, the HyperFund Ponzi scheme’s Compliance Officer.

Being a Ponzi scheme HyperFund didn’t of course need a Compliance Officer, but that was part of the marketing pitch.

Jull appears to have lay relatively low after HyperFund collapsed and was rebooted as Hyperverse.

A few weeks ago a reader reported Jull officially left Hyperverse on May 1st. The DF Finance marketing video I’m working off was recorded just over a week ago.

It is unclear whether Jull is just promoting DF Finance or if she’s part of the executive team.

DF Finance’s website domain (“dfkxk.com”), was privately registered on March 2nd, 2022.

Despite only existing for a few months, DF Finance falsely claims it has “been in operation for more than five years”.

Update 30th May 2022 – DF Finance’s claims about being around for years are still bogus, but I wanted to note the company’s multiple domains.

For whatever reason, DF Finance appears to cycle through domains every so often. Domains take the format of “df(random three letter string; dfaaa.com, dfxyc.com, dfaac.abc etc.).

None of those are actual DF Finance domains, with actual three-letter strings used appearing to be random.

I suspect this is an attempt to evade regulators and authorities. /end update

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…]

Earlier this year we saw the launch of one of the more shady MLM crypto schemes; Meta Bounty Hunters.

It wasn’t until post-launch that the “team” behind Meta Bounty Hunters was revealed.

What we did uncover was MBH was being heavily promoted to iBuumerang affiliates through company owner Holton Buggs.

Then there was Travis Bott who, through Meta Lab Agency, has revealed his latest crypto grft; an NFT Ponzi factory. [Continue reading…]

This past week we saw both the Hyperverse Ponzi reboots launch.

HyperNation launched on May 23rd with a silly marketing video aimed at children.

HyperOne launched on May 27th. Today we’ll take a look at that and where both reboots stand.

Spoiler: HyperTech co-founders Ryan Xu or Sam Lee failed to make an appearance at either launch. [Continue reading…]