My Quantification Review: Quantitative trading “click a button” Ponzi
My Quantification, aka “My Kompromat Limited”, fails to provide ownership or executive information on its website.
My Quantification’s website domain (“mykompromat.ltd”), was registered with bogus details on August 24th, 2024.
Despite only existing for a few days, on its websiite My Quantification falsely claims it “was founded in 2012”.
Of note is My Quantification’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…]
Lume Capital Review: Daily returns MLM crypto Ponzi
Lume Capital fails to provide ownership or executive information on its website.
Lume Capital’s website domain (“lumecapitalcorp.com”), was privately registered on August 13th, 2023.
In an attempt to appear legitimate, Lume Capital provides shell company certificates for the UK and Montana. A FinCEN certificate is also provided.
Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.
The FinCEN certificate is also meaningless:
- FinCEN isn’t a financial regulator;
- registering a bogus shell company with FinCEN takes a few clicks online
The shell company –> FinCEN route is typical of non-native English speaking scammers.
Pursuant to its US shell company ruse, Lume Capital provides an address in Montana on its website.
The address belongs to Regus, a company that sells access to virtual office addresses.
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…]
Jas Mathur sues Travis Bott over Traders Domain Ponzi losses
Jas Mathur has sued Travis Bott and Richard Jason Bott over reported Traders Domain Ponzi losses. [Continue reading…]
The Traders Domain Ponzi MLM investor master list
About a year ago BehindMLM published a list of the top MLM industry figures in the Traders Domain Ponzi scheme.
The data was based of records obtained by Coffeezilla…
…and featured well-known MLM industry figures such as Holton Buggs and wife Earlene Buggs, Mike Sims, Stormy Wellington, Eric Worre and wife Marina Worre and Jack Fallon.
At the time I requested access to the full list from Coffeezilla, which I finally received access to yesterday.
The complete Traders Domain Ponzi investor list contains 9664 entries, many of which are duplicate accounts. The total amount recorded is $3,370,617,110.85.
The data is presented as accurate as of September 20th, 2022.
Traders Domain collapsed towards the end of 2022, dragging down several attached Ponzi schemes with it (OmegaPro is of particular interest to BehindMLM).
Building on the bigger names Coffeezilla provided, today BehindMLM presents the Traders Domain MLM investor master list. [Continue reading…]
Pertamina AI Review: Stolen identity “click a button” Ponzi
Pertamina AI fails to provide ownership or executive information on its website.
Pertamina’s website domain (“vippertamina.top”), was registered with bogus details on August 16th, 2024.
Of note is Pertamina AI’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…]
Yes Global Review: Nutritional supplement pyramid scheme
Yes Global is a Malaysian MLM company with offices in Ghana. The company operates in the nutritional supplements MLM niche.
Heading up Yes Global we have co-founders YB Leo (CEO), Jonathan Abbey (Director of Africa) and Zims Tee (Director of Asia Pacific).
“Dr. Chan” is also cited as being part of Yes Global’s leadership team (Medical & aesthetic advisor).
In addition to Yes Global, YB Leo also owns Navi Group. Part of Navi Group is Navi Marketing and Natusvincere Consultancy, two Malaysian companies that manufacture white label products.
Curiously, Navi Marketing also claims to have
10 years of experience in developing and designing MLM and affiliate software and system.
Putting two and two together, it appears Leo created Yes Global to sell Navi Group products through.
Read on for a full review of Yes Global’s MLM opportunity. [Continue reading…]
MBI International’s Tedy Teow extradited to China
Tedy Teow Wooi Huat (aka Zhang Yufa) pops up in the news every few years.
The charges get bigger and how much Teow is reported to have stolen increases.
Following approval of Teow’s extradition in January 2023, he was finally extradited from Thailand on August 20th. [Continue reading…]
FBI seeking USI-Tech victim information
The FBI is seeking information from USI-Tech Ponzi victims.
A questionnaire published on the FBI’s website “is seeking to identify potential victims of USI-Tech”. [Continue reading…]
Family First Life cease and desist pending in Oklahoma
An investigation by Oklahoma’s Department of Securities resulted in a recommendation Family First Life be issued with a cease and desist. [Continue reading…]
iPhone Mall Review: Stolen identity “click a button” Ponzi
iPhone Mall fails to provide ownership or executive information on its website.
iPhone Mall’s website domain (“iphonemall.vip”), was registered with bogus details on August 3rd, 2024.
iPhone Mall has already attracted the attention of financial regulators. The Central Bank of Russia issued an iPhone Mall pyramid fraud warning on August 21st, 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…]
