BeOnWise has received a pyramid fraud warning from the Central Bank of Russia.

As per the CBR’s April 25th warning, BeOnWise exhibits “signs of a financial pyramid”. [Continue reading…]

BaFin has finalized its cease and desist order against Karatbars International. [Continue reading…]

PetronPay, or what’s left of it, has been added to the SEC’s PAUSE list.

The PAUSE list is maintained by the SEC and

lists entities that falsely claim to be registered, licensed, and/or located in the United States in their solicitation of investors.

PetronPay launched in 2020 as a 300% “oil barrels” themed Ponzi scheme. [Continue reading…]

BeOnWise fails to provide ownership or corporate information on its website.

In an attempt to appear legitimate, BeOnWise provides an incorporation certificate for BeOnWise Limited in Ireland.

For the purpose of MLM due-diligence, basic incorporation in any jurisdiction is meaningless. This is due to the ease with which bogus details can be used to incorporate shell companies.

BeOnWise has an official YouTube channel, on which it has uploaded a few rented office videos.

These videos climax in a CEO multi-lingual series, put out 6 to 3 days ago. Thee videos are all dubbed, with the English original conspicuously absent.

Nonetheless if you listen carefully, the actor playing CEO “Ronan Patrick O’Sullivan” has an eastern-European accent.

This, along with the fact O’Sullivan doesn’t exist outside of BeOnWise, makes him a prime Boris CEO candidate.

Boris CEO schemes are typically the work of Russians or Ukrainians.

Update 26th April 2022 – BeOnWise has received a pyramid fraud warning from the Central Bank of Russia. /end update

BeOnWise’s website domain (“beonwise.com”), was privately registered on November 1st, 2021.

Despite not existing until late 2021, on its website BeOnWise falsely represents it has been around since 2018.

At time of publication Alexa ranks top sources of traffic to BeOnWise’s website as Vietnam (28%), Peru (23%) and South Korea (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…]

Back in January BehindMLM covered BizzTradePro, a reboot of the twice collapsed BizzTrade Ponzi scheme – itself a reboot of the collapsed BizzTrek pyramid scheme.

Yeah, there’s a lot of baggage here.

BizzTrade and BizzTradePro were Ponzi schemes run through BizzCoin and BizzCoinPro. Both seemingly now abandoned.

BizzTradePro’s official FaceBook and Twitter profiles have been deleted:

Enter NextGen, a hastily put together reboot looking to capitalize on what’s left.

NextGen is headed up by Rehan and Rizwan Gohar.

The BizzTrade office in Birmingham in the UK has been rebranded:

And the scheduled BizzTradePro event in Turkey, where Rizwan is setting up an offshore office to replace Dubai, has simply been renamed:

Someone who’s a bit more prominent in NextGen marketing this time around is Paul Chalmers.

Chalmers, a UK resident, is being cited as NextGen’s Managing Director.

Mr. Paul Chalmers is responsible for managing daily operations along with being in charge of all trading activities for the company.

None of the Bizz* Ponzis had anything to do with trading but did bundle “forex education” with affiliate investment.

That’s continuing with NextGen and is presumably what Chalmers brings to the table.

NextGen is supposed to go live on the domain “nextgen.io” at some point. The domain’s registration was last updated on January 8th, 2022.

This would likely be around the time the Gohar brothers acquired it. That this was so close to the BizzTradePro reboot is troubling.

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

Rather than just slink away with what they’ve stolen, Intelligence Prime Capital is priming investors for another round of losses.

The forex trading ruse has run its course. So now Intelligence Prime Capital is an MLM crypto Ponzi. [Continue reading…]

GSPartners’ US event was supposed to broadcast to the world that it and owner Josip Heit were above the law.

That securities regulation, wire fraud and money laundering laws didn’t apply to them.

But instead of travelling to the US and making a grand entrance, Heit wimped out virtually from the safety of Dubai. [Continue reading…]

The USFIA Receiver intends to file an Amended Distribution Plan (ADP).

The ADP intends to deal with the IRS roadblock, currently holding up approved victim distribution payments. [Continue reading…]

Both the SEC and defendant Daniel Pacheco have had their motions for summary judgment denied.

Both parties sought to get the upper hand via the filings, made in July 2021. [Continue reading…]

PLC Ultima has received a fraud warning from Mongolia’s Financial Regulatory Commission.

PLC Ultima is part of Alex Reinhardt’s PlatinWorld Ponzi scheme. [Continue reading…]