Full Velocity was marketed on the premise its trading bot “thrived in volatile markets”.

That held up until an actual volatile market came along.

Now James Ward’s Full Velocity trading bot scheme has collapsed. [Continue reading…]

Get It Club provides no information about who owns or runs the company on its website.

In fact as I write this, Get It Club’s website is just an affiliate sign in form:

Get It Club’s website domain (“getitclub.io”), was privately registered on April 11th, 2021.

At time of publication SimilarWeb ranks only two sources of traffic to Get It Club’s website; Colombia (98%) and Costa Rica (2%).

Given this spread, it’s highly likely Get It Club is being run from Colombia.

It appears early on, Get It Club was being presented as a Colombian alternative to the Xifra Ponzi scheme:

Xifra is a Mexican Ponzi scheme run by Jonathan Sifuentes.

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…]

Eddy Alexandre has successfully moved to have his EminiFX bail conditions modified.

Arguing that he’s left unable to pay for a security guard, whilst not disclosing what he did with EminiFX’s missing millions in crypto, Alexandre will be released on bail without guard 24/7 guard monitoring. [Continue reading…]

A decision on Eddy Alexandre’s request to modify his EminiFX bail release conditions remains pending.

In the meantime his attorney has filed a response to the DOJ’s opposition filing.

The response mostly rehashes the same arguments, but also provides some new information. [Continue reading…]

Christopher Loaiza Salazar is a convicted TelexFree scammer in Peru.

Stemming from a TelexFree related criminal case opened in 2016, Salazar and “certain of his relatives” were found guilty of aggravated fraud.

On the basis those he scammed did or should have filed a claim with the Trustee, Salazar now seeks to overturn his conviction. [Continue reading…]

The one thing Hyperverse affiliates want to know is when they can cash out their worthless shit tokens.

The answer is of course never, but rather than admit that Ryan Xu continues to string investors along.

The latest effort is HyperNation, which held a greenscreen launch event on May 23rd.

Xu himself was a no-show, leaving a pre-recorded host and actors to front frustrated Hypervese investors. [Continue reading…]

As has been made painfully obvious over the past few weeks, there’s only one reason an MLM Ponzi scheme stops paying out.

This can manifest itself first with withdrawal delays, but that’s not always the case.

Crowd1 is one MLM Ponzi that’s first ran into withdrawal delays in 2020.

Apparently the problem has gotten so bad that it prompted a response from Crowd1 executive Kenny Nordlund.

Rather than just admit new investment has dried up, Nordlund blames fraud. [Continue reading…]

The DOJ has filed its opposition to Eddy Alexandre’s proposed change of bail conditions letter.

As predicted, a key issue is the missing millions in crypto Alexandre is suspected of stashing away. [Continue reading…]

Shortly after COTP collapsed, Metafi Yielders accomplice CEO Michael Daher took to FaceBook to hold a live.

Acknowledging some investors were having a “meltdown or a panic”, Daher went on to deliver more bad news. [Continue reading…]

Lion Group Corporation provides no information on its website about who owns or runs the company.

Lion Group Corporation’s website domain (“liongroupcorp.com”), was registered on October 19th, 2021.

Lion Group Corporation is listed as the domain owner, through an address in Estonia.

The provided address cites Vabamatsi, a village in Estonia. It is highly likely Lion Group Corporation is based out of Vabamatsi, or has any actual ties to Estonia.

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…]