TDM Poolex Academy is part of a series of Ponzi schemes BehindMLM uncovered in our Homes CNL review.

Marketing videos for the various Ponzi schemes were hosted on a Vimeo channel bearing the name “Cryptocurrency”.

Shortly after our Homes CNL review went live, the scammers running the Ponzi factory deleted every Ponzi marketing video from the channel.

When I came across the Ponzi factory, TDM Poolex Academy was the latest Ponzi scheme listed.

TDM Poolex Academy provides no information about who owns or runs the company on its website.

TDM stands for “The Digital Millennium”. The Digital Millennium Academy has a website up over at “tdm-academy.com”.

The Digital Millennium Academy uses the same website template at TDM Poolex Academy. “Tdm-academy.com” was registered in July 2020. Nefi Pirez is listed as the owner through an address in Uruguay.

There are two females presented as executives on The Digital Millennium’s website:

No information about these individuals is provided, and they don’t seem to exist outside of The Digital Millennium’s website.

The Digital Millennium appears to be a precursor to TDM Poolex Academy.

I also noted TDM Poolex Academy marketing pointing to the domain “poolex.tk”. No registration details for this free domain are available.

TDM Poolex Academy’s website defaults to Spanish. The vast majority of TDM Poolex Academy marketing videos are also in Spanish.

This suggests TDM Poolex Academy is being primarily marketing to a Spanish-speaking audience.

TDM Poolex Academy’s website domain was privately registered on December 13th, 2021. We noted the TDM Poolex Academy “Cryptocurrency” channel videos were uploaded in June 2022.

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…]

The Financial Education Services preliminary injunction was scheduled to take place on June 30th.

As far as I know the hearing took place. As of yet though there have been no further updates to the case docket.

I’m putting this down to the holiday weekend in the US. I’ll check back sometime next week.

In the meantime on June 28th, the Temporary Receiver filed his First Interim Report.

Among other things, the Temporary Receiver expressed “concern regarding the legality of the business model”. [Continue reading…]

Danny Gauthier’s Appi Travels Ponzi scheme has collapsed.

On or around June 30th, owner Gauthier shut down Appi Travels’ website.

Appi Travels’ website domain now redirects to a “website closed” image: [Continue reading…]

Xifra Global has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores.

Xifra Global is part of the Xifra Lifestyle Ponzi scheme, which was rebooted as Decentra earlier this year. [Continue reading…]

Emerson Pires, Flavio Goncalves and Joshua David Nicholas, have each been indicted on EmpiresX fraud charges.

Pires and Goncalves co-founded the EmpiresX Ponzi scheme. Joshua Nicholas worked with them to create the illusion of trading. [Continue reading…]

The Commodity Futures Trading Commission has sued EmpiresX and its executives for “at least $41.6 million” in fraud.

The CFTC’s lawsuit was filed in parallel with an SEC civil fraud lawsuit pertaining to the same conduct. [Continue reading…]

EmpiresX and its executives have been sued by the SEC for $40 million in securities fraud.

In addition to being fraudulent, Defendants’ offers and sales of EmpiresX securities violated the registration provisions of the federal securities laws.

The SEC brings this lawsuit to hold Defendants responsible for their fraud

The SEC’s lawsuit was filed on June 30th. EmpiresX, founders Emerson Pires and Flavio Goncalves, and head trader Joshua David are named as defendants. [Continue reading…]

Paraiba World affiliate investors who try to withdraw are reporting non-payment.

The Paraiba World Ponzi scheme is now approximately three weeks behind in withdrawal payments. [Continue reading…]

A group of Plaintiffs have filed a securities fraud lawsuit against Liyeplimal and associated scammers in the US.

The parties list is so long it spans three pages. Plaintiffs also managed to rip off BehindMLM without citation. [Continue reading…]

Mirror Trading International CEO Johan Steynberg has been sued by the CFTC.

According to the regulator, Mirror Trading International was a $1.7 billion dollar Ponzi scheme. [Continue reading…]