A Paparazzi customer in New York has filed a class-action against the MLM company.

Central to the lawsuit are alleged misrepresentations regarding toxic metals in Paparazzi jewelry. [Continue reading…]

The FTC has announced over $149 million has been distributed to victims of the Advocare pyramid scheme.

The FTC’s announcement was made on May 5th. It follows Advocare settling fraud allegations with the FTC for $150 million in 2019. [Continue reading…]

The SEC is set to face off against the Mining Capital Coin defendants on May 19th.

At stake are the millions in ill-gotten gains Capuci allegedly stole through his Mining Capital Coin Ponzi scheme. [Continue reading…]

Pro Trade Club operates in the forex and crypto trading MLM niches.

The company is headed up by founder and CEO Joshua Felts.

BehindMLM recently came across Felts in our Manifest FX review.

We flagged Manifest FX for securities fraud, noting co-founder Felts was based out of Georgia in the US.

BehindMLM’s Manifest FX review was published on March 4th. On March 11th a video titled “Pro Trade Club Official Pre Launch!” was uploaded to the company’s official YouTube channel.

Despite still appearing on Manifest FX marketing material when we published our review, it seems Felts likely split with the company prior to Pro Trade Club going into prelaunch.

In researching this review I hit up Felts Instagram profile to try pin down when he last mentioned Manifest FX. Since I last accessed the profile in early March however, Felts has made his Instagram profile private.

Prior to Manifest FX, Felts promoted Silver Star Live and Epic Trading.

Read on for a full review of Pro Trade Club’s MLM opportunity. [Continue reading…]

The proposed Family First Life robocal fraud class-action has been referred to mediation.

A 2024 trial date has also been scheduled. [Continue reading…]

Yesterday longtime BehindMLM reader GlimDropper shared a Nui update with us.

Through Nui International, Darren Olayan was offering 12 month crypto investment contracts.

Following a $595,000 securities fraud fine from Utah in late 2020, Olayan had been laying low.

Having abandoned his social media in December 2017 as multiple regulators launched investigations into Nui, Olayan had returned in mid January…

…to push NFTs. Hmm.

I ran a quick search on a connection between Nui and NFTs and turned up nothing. While I wasn’t able to confirm Nui International was still operating as an MLM company, I felt the new investment plans GlimDropper had shared warranted, at the very least, a review update.

And so I queued Nui for an update and proceeded to move onto putting together a review.

…but it bugged me. Why had Olayan returned to social media after two years to bang on about NFTs, when Nui wasn’t offering any?

It was here I fell down the rabbit hole of Olayan moving his Nui Ponzi scheme to Brazil. [Continue reading…]

Days after expecting investors to roll over backoffice amounts into a new 4.2% a day plan, Metafi Yielders has introduced withdrawal restrictions.

The compounding is up to 28% and is only available for the 4.2% package.

Complaints about the changes have been banned under threat of termination. [Continue reading…]

Mining Capital Coin co-founders Luiz Carlos Capuci and Emerson Sousa Pires have been sued by the SEC.

The SEC alleges Capuci and Pires offered an “irresistible investment opportunity”, but in reality ran a Ponzi scheme. [Continue reading…]

Mining Capital Coin co-founder and CEO Luiz Carlos Capuci Jr., has been indicted on wire and securities fraud charges. [Continue reading…]

Within days of founder Andrey Khovratov’s arrest in Russia last month, EvoRich announced a partnership with Bobcoin.

Now EvoRich affiliate investors are being ushered into Bobcoin, which for all intents and purposes has morphed into a exit-scam offramp. [Continue reading…]