Zylo Trade fails to provide verifiable ownership and executive information on its website.

A list of “team” members is provided, however these all appear to be random stolen stock and profile photos.

Zylo Trade’s website domain (“zylotrade.com”), was privately registered on August 18th, 2022.

Despite note existing up until a few months ago, Zylo Trade falsely claims it was “founded in 2018”.

Two weeks ago Zylo Trade uploaded a Boris CEO marketing video to its official YouTube channel.

The actor playing CEO “Johns Duncans Alexander” has a non-native English accent. It’s not the typical eastern European and I’m unable to 100% place it (South America, Spain or Italy maybe?).

Obviously hired after the fact, Alexander doesn’t appear on Zylo Trade’s “our team” website page.

Here’s a second video, in which the Alexander actor very awkwardly reads a prepared script.

Regardless of who he actually is, Johns Duncans Alexander doesn’t exist and everyone in Zylo Trade’s marketing video is an actor.

Tellingly, Zylo Trade has disabled comments on its YouTube videos.

Zylo Trade’s official FaceBook page is managed from India:

From this we surmise Zylo Trade is likely being operated from Russia, Ukraine and/or India.

In what appears to be an attempt to mask this, Zylo Trade provides an unrelated corporate address in the UK.

Zylo Trade also provides shell company certificates for the UK, US, Kenya, Nigeria, Pakistan and Uganda, all of which are meaningless with respect to due-diligence.

SimilarWeb tracks top sources of traffic to Zylo Trade’s website as Italy (9%), Russia (9%) and Brazil (6%).

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…]

Coming off the collapse of Peace Ranch, a “click a button” Ponzi app that targeted South Africa, two similar ranch themed Ponzis target Indians.

Nestle Ranch launched on or around May 2022. Despite the name, Nestle ranch has nothing to do with the well known brand. [Continue reading…]

Of the 300,000 investor accounts Mirror Trading International boasted, around 90% were just email addresses.

That is to say, Mirror Trading International only had around 30,000 actual investors. [Continue reading…]

In a surprising development, Luxembourg’s government has confirmed it will not contest Frank Schneider’s extradition. [Continue reading…]

John Dalli is a former EU Commissioner for health. He’s also Malta’s former Minister of Finance and Economy.

In what isn’t much of a surprise, Dalli is one of the faces promoting the QuickX Ponzi scheme. [Continue reading…]

Following guilty pleas by two of the fourteen OneCoin defendants in Argentina, the pair have been sentenced to prison.

Adolfo Domínguez and Aldo Leguizamón will serve three years and six months and four years and three months respectively. [Continue reading…]

The Peace Ranch “click a button” Ponzi has collapsed.

The collapse coincides with Peace Ranch’s website being pulled a few hours ago. [Continue reading…]

In 2021 CashFX Group solicited $432 million from gullible investors, just shy of half a billion.

In 2022 that amount has dropped to $112 million.

On a macro level that might sound salvageable… until you consider that for October 2022, CashFX Group took in less than a million dollars. [Continue reading…]

Leonardo Cositorto, founder of the collapsed Generation Zoe Ponzi scheme, is currently being held in an Argentinian prison on fraud charges.

Doubling down on fraud, Cositorto has now launched All Us Education. [Continue reading…]

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