ResClub collapses, 8ghtX & GoBingo For Hunger reboots
Craig Shawn Williamson’s ResClub investment scheme has collapsed.
Following ResClub, Williamson has gone on to launch 8ghtX and GoBingo For Hunger. [Continue reading…]
Gerry Nehra settles with TelexFree class-action
TelexFree attorney Gerry Nehra has settled with the TelexFree class-action.
Nehra, through the now defunct firm Nehra and Waak, is best known in the MLM industry for rubber-stamping TelexFree’s $3 billion Ponzi scheme. [Continue reading…]
The AH Mall Review: Stolen identity “click a button” Ponzi
The AH Mall fails to provide ownership or executive information on its website.
The AH Mall’s website domain (“theahmall.com”), was privately registered on July 13th, 2024.
The AH Mall has already attracted the attention of financial regulators. The Central Bank of Russia issued a The AH Mall pyramid fraud warning on July 19th, 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…]
Jason Cardiff given permission to travel to Ireland
US Judge Jesus Bernal has given Jason Cardiff permission to flee travel to Ireland. [Continue reading…]
RamCredit Review: Generic fintech ruse Ponzi
RamCredit fails to provide ownership or executive information on its website.
RamCredit’s website domain (“ramcredit.com”), was first registered in 2013. The private registration was last updated on May 20th, 2023.
RamCredit’s website appears to have gone live a few months after the domain was acquired in May 2023.
Despite only existing for a year or so at best, on its website RamCredit falsely claims it was “established in 2013”.
In attempt to appear legitimate, RamCredit provides a corporate address in the US on its website. The address points to random office space in Arizona that, as far as I can tell, has nothing to do with RamCredit.
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…]
Steven Labriola settles with TelexFree class-action
TelexFree executive Steven Labriola has settled with the TelexFree class-action.
As per the terms of Labriola’s settlement, no money will change hands but Labriola has committed to full cooperation. [Continue reading…]
DOJ seizes “MyChargeback” recovery scam website
MyChargeback (aka “MyChargeback.com”), is part of a series of recovery scam websites tied to Cactil LLC.
On or around June 25th the FBI, working with the DOJ, seized MyChargeBack’s website:
Hennessy Mall Review: Stolen identity “click a button” Ponzi
Hennessy Mall fails to provide ownership or executive information on its website.
Hennessy Mall’s website domain (“hennessymall.vip”), was registered with bogus details on July 14th, 2024.
Of note is Hennessy Mall’s website domain being registered through the Chinese registrar Alibaba (Singapore).
Hennessy Mall has already attracted the attention of financial regulators. The Central Bank of Russia issued a Hennessy Mall pyramid fraud warning on July 19th, 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…]
Hexucation Review: “The future of MLM” pyramid scheme
Hexucation fails to provide ownership or executive information on its website.
Hexucation’s website domain (“hexucation.com”), was first registered in July 2022. The registration was last updated on July 18th, 2024.
“Clifford Williams” through a UK address is listed as Hexucation’s website domain owner. The provided UK address is a random residential address so the Hexucation’s domain registration details are assumed to be bogus.
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…]
Debon Review: Quantitative Trading “click a button” Ponzi
Debon fails to provide ownership or executive information on its website.
Debon’s website domain (“debanggroup.com”), was first registered in 2016. The private registration was last updated on June 21st, 2024. This appears to be around the time Debon launched.
Despite only being a month or so old, on its website Debon falsely claims it was “founded in 1996”.
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…]
