OnPassive and Crowd1 have been declared pyramid schemes by Bhutan’s Office of Consumer Protection.

The OCP is part of Bhutan’s Ministry of Economic Affairs and is “mandated to promote and protect economic interest and safety of the consumers”.

As per the OCP’s OnPassive and Crowd1 warning; [Continue reading…]

Ponzi tokens at the push of a button, “technical error” exit-scams, “we got hacked!”, Boris CEO factories… the MLM crypto niche is by default set to pretty stupid.

Then there’s MLM crypto scams like GSPartners that take it to a whole new level. [Continue reading…]

DefiNetworx provides no information on its website about who owns or runs the company.

DefiNetworx’s website domain (“definetworx.com”), was privately registered on August 4th, 2021.

On its website, DefiNetworx claims to be “based in United Kingdom and Lugano Switzerland.”

No evidence of this claim is provided.

Further research reveals official DefiNetworx marketing material citing “Norberto Parisella” as CEO of the company.

Parisella is represented by a cropped photo of some guy sourced from who knows where. He doesn’t exist outside of DefiNetworx marketing material.

DefiNetworx’s CTO, Massimiliano Camozza, does appear to be an actual person.

Polo Swiss AG appears to be a blockchain bro company based out of Switzerland. In the video above Camozza is credited as Polo Swiss AG’s CEO.

Polo Swiss AG has a website up at “polomultimodal”. It appears to run alongside a Brazilian firm going by Polo Multimodal Pecem.

There’s not much going on there. “News” hasn’t been updated since April 2021. Polo Swiss AG’s FaceBook page hasn’t been updated since July 2020.

According to Camozza’s DefiNetworx corporate bio,

in 2017 he achieved certified status as a Blockchain Engineer and Financial Blockchain Analyst.

Whatever that means…

As opposed to Norberto Parisella, Massimiliano Camozza appears to be the actual blockchain bro behind DefiNetworx.

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…]

In September 2021 somebody purchased BitConnect’s “bitconnect.co” website domain.

They’ve since turned it into a Ponzi factory, and business is booming. [Continue reading…]

A few days ago a reader inadvertently tipped me off to a Family First Life lawsuit.

I was able to independently verify a proposed class-action was filed against Family First Life last October.

The lawsuit was filed in Florida. On February 28th an Amended Complaint was filed, which we’re going over today. [Continue reading…]

Xelius provides no information on its website about who owns or runs the company.

On the “about” section of Xelius’ website, it claims to be “a private innovation company based in Hong Kong.”

To that end a Hong Kong incorporation certificate for Xelius Innovation Limited, purportedly incorporated in January 2021, is provided.

For the purpose of MLM due-diligence, basic incorporation anywhere is meaningless.

Xelius’ website domain (“xelius.me”), was first registered in December 2020. The private registration was last updated on October 27th, 2021.

A visit to the Wayback Machine reveals Xelius’ current website went live on or around January 9th.

This coincides with Alexa first recording traffic to Xelius’ website on the same date.

This suggests the current owners took possession of Xelius’ website domain on or around October 27th.

Additionally supporting this is Xelius’ official YouTube channel being created on December 26th. The company’s official Twitter profile was also created in December.

This further casts doubt on the Xelius Innovation Limited incorporation having anything to do with Xelius the MLM company.

Suggesting Xelius instead has ties to Russia and/or Ukraine, is Xelius’ official Android app being developed by “Ольга-Соломия Туряница”.

This developer doesn’t exist outside of Xelius’ Google Play app page.

As ranked by Alexa, Vietnam (17%), Ukraine (9%) and Egypt (9%) are top sources of traffic to Xelius’ website.

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…]

OmegaPro has received a securities fraud cease and desist from Argentina’s Comision Nacional de Valores. [Continue reading…]

Between me starting coverage of BehindMLM’s content today and wrapping up, Pacer has updated.

Here are the current status details for the EmpowerCoin, ECoinPlus and JetCoin scammers. [Continue reading…]

The CFTC has sued scammers behind the EmpowerCoin, ECoinPlus and JetCoin Ponzi schemes.

Defendants Dwayne Golden, Jatin Patel, Marquis Demarking Egerton (aka Mardy Eger) and Gregory Aggesen, stand accused of stealing millions through the scams. [Continue reading…]

Dwayne Golden, Gregory Aggesen, Marquis Demacking Egerton (aka Mardy Eger) and William White have been indicted.

Their indictment pertains to the running of multiple MLM crypto Ponzi schemes. [Continue reading…]