NovaTech FX has received a securities fraud warning from the British Columbia Securities Commission.

As per the BCSC’s October 11th warning; [Continue reading…]

Vladimir “Lado” Okhotnikov has secured representation against the SEC.

As a result, the previously entered Entry of Default has been “exited”. [Continue reading…]

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

iEarnBot’s website domain (“iearnbot.com”), was first registered in December 2021. The private registration was last updated on October 6th, 2022.

iEarnBot’s official FaceBook page was created in 2019 as “Giảm Cân Bona – Hiệu Quả , An Toàn” (“Bona Weight Loss – Effective, Safe”).

The page was renamed to iEarn Bot on January 1st, 2022, which marks iEarn Bot’s launch around the same time.

Despite only existing as of 2022, iEarnBot falsely claims to have been around since 2018.

When is iEarnBot founded?

Year end of 2018.

iEarn Bot’s FaceBook page is managed from Vietnam and Cambodia.

I’m aware of Cambodia being hit hard by Chinese scammers this year. There is a possibility iEarnBot is being run by Chinese scammers:

In an attempt to appear legitimate, iEarnBot provides bogus incorporation details on its website:

Our full name: iearnbot Smart Quantitative Technology Co., Ltd.,

Address: 1801 East 6th Street Suite 350 Austin, TX 78702 USA

This address belongs to an unrelated software company.

iEarnBot also represents FINCEN and shell company registration in Colorado as “financial licenses”.

For the purpose of MLM due-diligence, these certificates are meaningless.

SimilarWeb currently tracks top sources of iEarnBot website traffic as Burkina Faso (39%), Venezuela (9%) and Bangladesh (9%).

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…]

Golden Way has received a pyramid fraud warning from Russia.

As per the Central Bank of Russia’s October 26th notice, Golden Way exhibits “signs of a financial pyramid”.
[Continue reading…]

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

In fact as I write this, Peace Ranch’s website is nothing more than an affiliate sign up form:

Peach Ranch’s website domain (“paxranch.com”), was first registered in 2007.

The private registration was last updated on February 3rd, 2022. Peace Ranch launched shortly after.

SimilarWeb currently tracks top sources of traffic to Peace Ranch’s website as South Africa (53%) and Pakistan (46%).

Peace Ranch itself however is run by Chinese scammers:

Interestingly, if we look at the source-code of this website, we find a link to “miitbeian.gov.cn”:

This domain was used by China’s Ministry of Industry and Information Technology.

As BehindMLM understands it, the domain was retired in 2019;

In accordance with the requirements of the General Office of the State Council, the domain name of the “Ministry of Industry and Information Technology ICP/IP address/Domain Name Information Filing Management System” has been adjusted to “beian.miit.gov.cn”.

Domain names such as “miitbeian.gov.cn” and “miibeian.gov.cn” will be discontinued from April 25, 2019.

I’m not sure what to make of this. On one hand it could just be an obvious plant link – on the other hand Peace Ranch’s back-end is not intended to be viewed by the public.

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…]

SuperDeal fails to provide ownership and executive information on its website.

In fact as I write this, Super Deal’s website is nothing more than an affiliate login form:

Ironically, despite the complete lack of transparency, SuperDeal’s website meta description is;

Super Deal’s experienced investment team aims to provide transparent, honest investing to everyone.

SuperDeal’s website domain (“superdeal.pro”), was privately registered on October 6th, 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…]

Sailesh Pandey, alleged to be a key IX Global Ponzi insider, was arrested by Indian authorities on October 21st.

Pandey, with assistance from brothers Arvind and Rohit, stands accused of laundered over $9 million in stolen funds. [Continue reading…]

Success Factory has received a pyramid scheme fraud warning from Bermuda.

As per the Bermuda Police Service’s April 15th warning, the department [Continue reading…]

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

UB Football’s website domain (“ubfootball.com”), was first registered back in 2018. The registration was last updated on September 5th, 2022.

Prior to September 2022 UB Football’s domain was for sale, so this is when the current owners purchased it.

If we look at the source-code of UB Football’s website, we can see it is localized to Chinese:

This strongly suggests whoever is behind UB Football has ties to China.

SimilarWeb currently tracks top sources of traffic to UB Football’s website as Russia (84%) and Ukraine (16%).

This tracks with UB Football’s website defaulting to Russian (despite the Chinese HTML localization).

Based on additional language options provided on UB Football’s website, Tajikistan and Kazakhstan are also being targeted.

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…]

Dubai Stocks fails to provide ownership or executive information on their website.

Dubai Stocks’ website domain (“dubaistocks.club”), was privately registered on September 22nd, 2022.

Although it’s likely bogus, Dubai Stocks provides a corporate address in Kampala, Uganda on its website.

Although its website defaults to English, Dubai Stocks’ website currently only provides a Ugandan localization option.

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…]