Streakk operates in the cryptocurrency niche. The company is headed up by founder and CEO, Suki Chen.

Suki Chen’s actual name is Sukijami Chendrawan. He is believed to be an Indonesian national.

According to Chen’s Streakk bio, he’s a “seasoned entrepreneur with (a) proven track record”.

Chen’s LinkedIn profile details an early education and life insurance background. He then held a brief executive position with Odem, before the usual string of failed blockchain bro projects.

Chen appears to have reinvented himself as a blockchain bro circa late 2018.

With respect to Streakk, Chen’s LinkedIn profile represents it launched in 2019.

This is baloney. Streakk’s website domain wasn’t registered until May 21st, 2022. Streakk didn’t exist prior to May 2022.

According to his LinkedIn profile Chen, and therefore Streakk, are based out of Dubai.

Streakk’s website also provides contact details for an office in Singapore. How much of a physical presence Streakk has in Singapore is unclear.

Dubai is the MLM crime capital of the world. Any MLM company operating out of or representing ties to Dubai raises an immediate red flag.

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 Streakk, read on for a full review. [Continue reading…]

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

Quantum’s website domain (“myquantum.world”), was privately registered on May 5th, 2022.

Planning for the company however appears to be backdated to around February.

E.g. Quantum’s official YouTube channel was created on February 6th, 2022.

Quantum’s official FaceBook page was renamed from EcoTradeFX to QuantumFX on February 8th, 2022.

EcoTradeFX corresponds to EcoTrade, a 3% a day MLM Ponzi scheme launched in late 2021.

EcoTrade’s website is still up, and clicking the official FaceBook link redirects to Quantum’s official FaceBook page.

EcoTrade was run by a bunch of scammers connected to the Tendencia Trading YouTube channel:

Tendencia Trading was abandoned in November 2021.

The company was run by CEO Jose Chirinos (right), who is based out the Dominican Republic.

Prior to reinventing himself as a crypto bro scammer last year, Jose Chirinos was a CrossFit instructor:

Chirinos being in the Dominican Republic ties into Quantum’s official FaceBook page being managed from there.

In an effort to hide Quantum being run from the Dominican Republic, its website states:

Our main headquarters is incorporated in Dubai, United Arab Emirates.

Quantum does appear to have held some marketing events in Dubai, so it’s possible Chirinos is working with partners there.

Dubai is 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 Quantum, read on for a full review. [Continue reading…]

The SEC has secured judgment against Nasgo Ponzi defendant Maurice “Butch” Chelliah. [Continue reading…]

NovaTech FX has received a securities fraud notice from Saskatchewan’s Financial and Consumer Affairs Authority. [Continue reading…]

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

Known domains TronGrace operates from include:

• trongrace.space – privately registered in September 2021, registration last updated on October 1st, 2022
• trongrace1.space – privately registered on December 4th, 2022
• trongrace.io – privately registered on November 30th, 2022

These websites appear to correspond with different TronGrace smart contracts. In layman’s terms, TronGrace has already launched and collapsed at least once.

TronGrace’s .IO domain is company’s current operational website.

SimilarWeb website traffic reports for TronGrace’s known three domains are as follows:

• trongrace.space – 110,000 visits in November 2022, 83% of traffic from Vietnam, 9% from the US and 5% from Zimbabwe
• trongrace1.space – not enough traffic to track
• trongrace.io – 5700 visits in November 2022

At the very least we can surmise that TronGrace is primarily being promoted in Vietnam. Whoever is running the company could also be from Vietnam but website traffic data alone is inconclusive.

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…]

In a communication to his downline, top promoter George van Wijk has claimed Crowd1 is “unfair and unsafe”. [Continue reading…]

Daniel Pacheco and his fellow iPro Network defendants have settled the SEC’s fraud case against them. [Continue reading…]

The Crypto Crown Ponzi scheme has collapsed.

As per an email sent out back in June, Crypto Crown was rebooted as Crown Global Ltd. [Continue reading…]

The Prosperity Grid gifting scheme has collapsed.

Admins behind the scam have teamed up with Gift of Legacy scammer Jacques Marais, rebooting as Infinity Grid. [Continue reading…]

Having been convicted of wire fraud and money laundering, former Investview CEO Joseph Cammarata now faces tax fraud criminal charges. [Continue reading…]