Cencosud Mall fails to provide ownership or executive information on its website.

Cencosud Mall’s website domain (“cencosudmall.com”), was privately registered on June 20th, 2024.

Of note is Cencosud Mall’s website domain being registered through the Chinese registrar Alibaba (Singapore).

Cencosud Mall has already attracted the attention of financial regulators. The Central Bank of Russia issued a Cencosud Mall pyramid fraud warning on June 27th, 2024.

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…]

Travorium operates in the travel MLM niche. The company is based out of California in the US.

Heading up Travorium is founder and CEO David Hart.

Hart first appeared on BehindMLM in 2013, as co-founder and President of Paid 2 Save.

Paid 2 Save started off as a “discount card program”. In a nutshell, retail Paid 2 Save customers and affiliates were able to purchase a monthly subscription that provided access to discounts.

BehindMLM revisited Paid 2 Save in 2016. Hart was still in charge and discount travel had been added to Paid 2 Save’s offering.

A look at Travorium’s official FaceBook page reveals Paid 2 Save was renamed in 2020.

In 2021 the FTC issued Travorium with a deceptive and/or unfair conduct notice.

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

Media reports from the Netherlands and Belgium have confirmed the identity of the arrested Nano Club Ponzi scammer in Spain.

Citing the suspect as “Stijn V.”, multiple reports have confirmed Vanstraelen’s age and former professional cycling career. [Continue reading…]

Ripley Mall fails to provide ownership or executive information on its website.

Ripley Mall’s website domain (‘ripleymall.cc”), was privately registered on June 16th, 2024.

Of note is Ripley Mall’s website domain being registered through the Chinese registrar Alibaba (Singapore).

Ripley Mall has already attracted the attention of financial regulators. The Central Bank of Russia issued a Ripley Mall pyramid fraud warning on June 27th, 2024.

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…]

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

In fact as I write this, GoBets’ website is nothing more than an affiliate login/register form:

This is a major red flag.

GoBets’ website domain (“gobets.live”), was privately registered on January 16th, 2024.

Further research reveals GoBets marketing citing “Leonardo Fontes” as CEO.

On social media Fontes goes by Leo Fonttes:

Fonttes, a heavily tattooed Brazilian who lives/lived in Thailand, claims he’s played professional football in 19 countries.

As far as I can tell Fonttes has no MLM experience. He doesn’t appear to have any executive experience, period.

This makes Fonttes a prime Boris CEO candidate.

As of May 2024, SimilarWeb tracked top sources of traffic to GoBets as Russia (70%), Ukraine (9%) and Armenia (5%).

Russia’s traffic dominance is enough to suggest whoever is running GoBets is likely from and/or has ties to Russia. This ties in with Fonttes being a Boris CEO (an actor paid to pretend to be an MLM executive).

Fonttes also appears to have ties to Dubai:

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.

BehindMLM’s guidelines for Dubai are:

1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
2. If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

If you want to know specifically how this applies to GoBets, read on for a full review. [Continue reading…]

iGenius has recently expanded its unregistered trading offering through CoinRule. [Continue reading…]

Following an extensive internal investigation, BehindMLM can confirm TLC Trading’s fictional CEO is played by Tomas Malodobry.

Malodobry, aka Tomasz Malodobry and Томаш Малодобры, is a Polish national with ties to Armenia. [Continue reading…]

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

DEFIUSDT’s website domain (“defiusdt.net”), was privately registered on February 26th, 2024.

If we mess around with DEFIUSDT’s website, we learn it is hosted on the Chinese company Alibaba Cloud.

This suggests whoever is running DEFIUSDT has ties to China.

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…]

Spanish authorities have arrested the ringleader behind the Nano Club Ponzi scheme.

Cited only as “the head of a criminal organization”, the suspect has been charged by Belgian authorities on multiple counts of fraud and money laundering. [Continue reading…]

Following claims by TLC Trading’s actor CEO that invested cryptocurrency was insured, Liga Insurance has confirmed no such contract exists. [Continue reading…]