Joseph Cammarata has been found guilty in connection to a securities fraud scheme. [Continue reading…]

LSG Financial brands itself as a financial firm.

LSG is an online financial institution. We help you plan your financial goals and recommend smart investment choices, so that you save time and gain peace of mind, knowing that your money is working for you.

The company’s name incorporates “Liam, Sachwell & Galahad”. Typically surnames, no evidence is provided to confirm these are actual people.

In fact LSG Financial provides no information about company ownership or its executives.

LSG Financial’s website domain (“lsgfinancial.com”), was privately registered on June 7th, 2021.

SimilarWeb’s tracking reveals traffic to LSG Financial’s website was dead until late August 2022. Top sources of LSG Financial website traffic are Belgium (51%) and the Netherlands (49%).

This even split strongly suggests whoever is running LSG Financial is based out of Europe.

No idea if it’s official or not but a private FaceBook group named “LSG Financial” was created on August 10th, 2022. This coincides with traffic to LSG Financial’s website increasing.

The two admins of the LSG Financial FaceBook group are Dinesh Francis and Freek Otf Andringa.

Francis appears to be promoting multiple Ponzi schemes:

Andringa represents he is based out of the Netherlands.

Contrary to Andringa’s claims above, LSG Financial didn’t exist till 2021.

Prior to LSG Financial, Andringa promoted the EvoRich Ponzi scheme.

Following the arrest of owner Andrey Khovratov, EvoRich collapsed earlier this year.

Another possibility is LSG Financial is run by Russians. This is based on the inclusion of Yandex Translate on LSG Financial’s website.

Yandex is a Russian search engine that typically nobody outside of Russia uses.

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…]

Trade Coin Club’s owner, Director and two US-based promoters have been sued by the SEC.

Defendants Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor and Jonathan Tetreault, are alleged to have stolen almost $300 million from consumers. [Continue reading…]

Despite an endorsement from corrupt government officials, Ghana’s Attorney-General Godfred Dame has prevailed against QNet.

In an only recently reported on July 2022 judgment, QNet has been ordered to get out of Ghana. [Continue reading…]

Igor Alberts’ OneCoin, DagCoin and Success Factory downline, ironically named “Success4All”, looks set to join the OmegaPro Ponzi scheme. [Continue reading…]

Gustav Poola and Gilbert Pardla have been confirmed as the two unnamed DagCoin arrestees.

Along with DagCoin founder Nils Grossberg and insider Kris Ress, Pardla and Poola were arrested last month by Estonian authorities. [Continue reading…]

The FTC v. Neora trial kicked off on October 17th and has been playing out.

The FTC filed suit against Neora (then Nerium) back in 2019. The regulator alleges Neora is a pyramid scheme. [Continue reading…]

StateEarns’ front-facing website has nothing to do with its MLM opportunity.

This appears to be an attempt to hide investment fraud.

StateEarn fails to provide company ownership and executive information. Instead, only a WhatsApp number is provided.

This is an instant red flag.

StateEarn’s website domain (“stateearn.com”), was privately registered on September 26th, 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…]

The liquidation of Mirror Trading International has devolved into a fight between liquidators and the government. [Continue reading…]

FutureNet co-founder Roman Ziemian has been arrested in Italy.

Italian authorities dragged Ziemian from a podium win, cup in hand and still in his racing kit, on a South Korean arrest warrant. [Continue reading…]