Victims of the Traffic Monsoon Ponzi scheme have been given another 60 days to file claim details.

As of the original claim bar date, October 31st, 2024, 660 US and 9205 foreign Traffic Monsoon victims had filed allowed claims with sufficient information. These claims top $45 million.

Another 9685 victims have eligible filed claims but did not include their information. The value of these claims totals around $13.7 million. [Continue reading…]

Josip Heit has failed to obtain an injunction against a Singaporean financial blog.

As alleged by Heit, the unnamed blog citing Lydian World as a Ponzi scheme was “a serious violation of his personal rights”. [Continue reading…]

Apparently things are so bad at iGenius that executives are turning to former OneCoin Ponzi scammers.

Today we take a look at how Be Club is openly raiding iGenius. [Continue reading…]

A few days ago a BehindMLM reader reached out to me regarding a Be Club webinar featuring co-founder Moynul Islam (better known as Moyn).

The call, hosted by former iGenius promoter Gianluca Leonardi, appears to be part of an attempt to recruit Leonardi’s iGenius downline into Be Club. [Continue reading…]

Skainet Systems is complaining about “liquidity issues”, which is Ponzi speak for “new investment isn’t covering withdrawals”.

Skainet Systems’ solution is to beg investors to take them up on another six month fund freeze, incentivized by a “loyalty bonus”.

What happens after the second six-month period? Well here’s the thing… [Continue reading…]

Colony Global fails to provide ownership or executive information on its website.

Colony Global’s official marketing videos feature AI-generated avatars:

Colony Global provides a corporate address in Bassano del Grappa, a city in Italy’s northern Veneto region.

The address led me to the company Colony Italia SRL, the key principal of which is Roberto Grandis.

On social media, Grandis cites himself as “Colony Global Network inventor”:

Prior to launching Colony Global in 2024, Grandis was promoting Swych.

And before Swych, Grandis made a name for himself promoting the collapsed WellStar pyramid scheme.

Why Grandis (right) is not disclosed as the owner of Colony Global on its website is unclear.

Colony Global operates from two known website domains:

1. colonyclan.com – registered on April 19th, 2024. The private registration was last updated on July 12th, 2024
2. mycolonyclan.com (marketing funnel, root disabled) – privately registered on October 10th, 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…]

Last week BehindMLM reviewed DAO1. Based on a number of data points, we suspected it was yet another reboot of the collapsed GSPartners investment scheme.

Today BehindMLM can confirm DAO1 is the fifth GSPartners reboot. The same people tied to GSPartners’ parent company, Gold Standard Corporation (GSB), are running DAO1 behind the scenes. [Continue reading…]

Equat USDT fails to provide ownership or executive information on its website.

Equat USDT’s website domain (“us.equat-usdt.com”), was registered with bogus details on July 8th, 2024.

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

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…]

CFX Legacy has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC).

ASIC added CFX Legacy to its Investor Alert List on December 12th, 2024. [Continue reading…]

Despite the Australian Securities and Investment Commission (ASIC) issuing two fraud warnings, a group of die-hard investors continue to promote Auratus and Billionico.

Today we take a look at how Australian investors are violating ASIC’s Auratus and Billionico fraud warnings. [Continue reading…]