On May 19th 2022, the Zeek Receiver announced the Zeek Rewards Receivership was officially closed.

This marks the end of an era here at BehindMLM, spanning eleven years and two hundred and thirty-two articles. [Continue reading…]

Ronae Valyn Jull, posing as “Hope Hill”, first appeared on BehindMLM’s radar as HyperFund’s Compliance Officer.

This was amusing at the time because, well HyperFund was a Ponzi scheme.

Whether she came up with the pseudo-compliance I can’t say, but Jull was responsible for pushing the narrative that renaming investments to “memberships” somehow legitimized a Ponzi scheme.

Jull went so far as to punish (or claimed to), HyperFund affiliates who didn’t toe the line.

HyperFund inevitably collapsed in December 2021. It was rebooted as Hyperverse but by that point Jull had disappeared.

A reader claimed Jull officially left Hyperverse on May 1st. Earlier today I came across Jull promoting DF Finance, another MLM crypto Ponzi scheme.

That prompted me to take another look into Jull, during which I learned HyperFund wasn’t her first Ponzi rodeo. Far from it.

In 1999 Ronae Jull was indicted and arrested for running her own Ponzi scheme. She would eventually plead guilty and be sentenced to 30 months in prison. [Continue reading…]

DF Finance fails to provide company ownership or executive information on its website.

In fact as I write this, DF Finance’s website is nothing more than an affiliate registration/login form:

Our source material for this review is thus a DF Finance marketing video, narrated by none other than Ronae Jull.

Jull appeared on BehindMLM’s radar last year as “Hope Hill”, the HyperFund Ponzi scheme’s Compliance Officer.

Being a Ponzi scheme HyperFund didn’t of course need a Compliance Officer, but that was part of the marketing pitch.

Jull appears to have lay relatively low after HyperFund collapsed and was rebooted as Hyperverse.

A few weeks ago a reader reported Jull officially left Hyperverse on May 1st. The DF Finance marketing video I’m working off was recorded just over a week ago.

It is unclear whether Jull is just promoting DF Finance or if she’s part of the executive team.

DF Finance’s website domain (“dfkxk.com”), was privately registered on March 2nd, 2022.

Despite only existing for a few months, DF Finance falsely claims it has “been in operation for more than five years”.

Update 30th May 2022 – DF Finance’s claims about being around for years are still bogus, but I wanted to note the company’s multiple domains.

For whatever reason, DF Finance appears to cycle through domains every so often. Domains take the format of “df(random three letter string; dfaaa.com, dfxyc.com, dfaac.abc etc.).

None of those are actual DF Finance domains, with actual three-letter strings used appearing to be random.

I suspect this is an attempt to evade regulators and authorities. /end update

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…]

Earlier this year we saw the launch of one of the more shady MLM crypto schemes; Meta Bounty Hunters.

It wasn’t until post-launch that the “team” behind Meta Bounty Hunters was revealed.

What we did uncover was MBH was being heavily promoted to iBuumerang affiliates through company owner Holton Buggs.

Then there was Travis Bott who, through Meta Lab Agency, has revealed his latest crypto grft; an NFT Ponzi factory. [Continue reading…]

This past week we saw both the Hyperverse Ponzi reboots launch.

HyperNation launched on May 23rd with a silly marketing video aimed at children.

HyperOne launched on May 27th. Today we’ll take a look at that and where both reboots stand.

Spoiler: HyperTech co-founders Ryan Xu or Sam Lee failed to make an appearance at either launch. [Continue reading…]

Full Velocity was marketed on the premise its trading bot “thrived in volatile markets”.

That held up until an actual volatile market came along.

Now James Ward’s Full Velocity trading bot scheme has collapsed. [Continue reading…]

Get It Club provides no information about who owns or runs the company on its website.

In fact as I write this, Get It Club’s website is just an affiliate sign in form:

Get It Club’s website domain (“getitclub.io”), was privately registered on April 11th, 2021.

At time of publication SimilarWeb ranks only two sources of traffic to Get It Club’s website; Colombia (98%) and Costa Rica (2%).

Given this spread, it’s highly likely Get It Club is being run from Colombia.

It appears early on, Get It Club was being presented as a Colombian alternative to the Xifra Ponzi scheme:

Xifra is a Mexican Ponzi scheme run by Jonathan Sifuentes.

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…]

Eddy Alexandre has successfully moved to have his EminiFX bail conditions modified.

Arguing that he’s left unable to pay for a security guard, whilst not disclosing what he did with EminiFX’s missing millions in crypto, Alexandre will be released on bail without guard 24/7 guard monitoring. [Continue reading…]

A decision on Eddy Alexandre’s request to modify his EminiFX bail release conditions remains pending.

In the meantime his attorney has filed a response to the DOJ’s opposition filing.

The response mostly rehashes the same arguments, but also provides some new information. [Continue reading…]

Christopher Loaiza Salazar is a convicted TelexFree scammer in Peru.

Stemming from a TelexFree related criminal case opened in 2016, Salazar and “certain of his relatives” were found guilty of aggravated fraud.

On the basis those he scammed did or should have filed a claim with the Trustee, Salazar now seeks to overturn his conviction. [Continue reading…]