MTC Education fails to provide ownership or corporate information on its website.

The company’s website domain (“mtceducation.io”), was privately registered on November 17th, 2021.

In an attempt to appear legitimate, MTC Education provides incorporation details for MTC Intellectual Limited and MTC Education PTY LTD.

These appear to be shell companies, incorporated in Hong Kong and Australia respectively.

For the purpose of MLM due-diligence, basic incorporation in any jurisdiction is meaningless.

The only executive I was able to pin to MTC Education was Chief Vision Officer Michael Sloggett.

Michael Sloggett, Was selected by the founders to take on the role as the Chief Visionary Officer of MTC Education.

Whoever owns MTC Education is referenced only as “the founders”. This is a red flag.

Another red flag is Sloggett’s past.

Prior to signing on with MTC Education, Sloggett co-founded MBA Trading Academy in 2017 (aka My Bitcoin Academy).

A paywalled article from the Townsville Bulletin states;

A Townsville crypto investor hit with serious criminal charges has been pushed out of his successful start-up after board members learned police had launched a federal money laundering case against him.

Headlines from the Townsville Bulletin suggest Sloggett is has been charged with “drug and money laundering offenses”.

I was able to glean a bit more through PressReader;

April 29th 2021: (Michael James Sloggett) is charged with a string of serious offences and is accused of cleaning more than $2m worth of dirty cash.

Detectives from Townsville’s Major Organised Crime squad … raided his … business address on April 13.

Officers seized $165,000 worth of cryptocurrency and eight vials of steroids.

The $2.5 million Sloggett is accused of laundering is alleged to be “the proceeds of crime”.

Sloggett appears to have gotten involved in MLM through WorldVentures, circa 2014.

WorldVentures was a pyramid scheme that buckled under bankruptcy in late 2020.

Over on FaceBook there’s an official private MTC Education group with 1100 members. John Grzybowski, Michael Sloggett and Philip Liang are admins of the group.

John Grzybowski cites himself as an MTC Education co-founder.

A crypto bro event poster on Grzybowski’s FaceBook profile reveals Craig Latham is MTC Education’s other co-founder.

John Grzybowski appears to be have been involved in social media crypto trading analysis since at least late 2020.

Other than being a crypto bro, Grzybowski doesn’t appear to have achieved anything notable professionally (at least nothing I could verify digitally).

As per a StockHead fluff piece from earlier this month, Craig Latham is a former teacher who ditched his special needs students over COVID-19 vaccination.

Latham left his job as a special needs teacher at a school in Melbourne’s western suburbs on October 15 to launch the business with his co-founder, John Grzybowski.

Latham said he wasn’t against vaccination, just mandates.

It’s not really a sticking point but Latham’s excuse doesn’t hold up.

As of October 2021, COVID-19 vaccinations had been freely and readily available in Melbourne for months. At that point anyone who wasn’t vaccinated was obviously against vaccination (for whatever reason).

To be clear: I’m not having a go at Latham for being anti vaccination. I’m calling him out for being disingenuous about it. It potentially speaks to his character as an MLM executive.

According to the StockHead piece, “Latham … learned trading from Sloggett and considers him a mentor.” Whether that means Latham came over from MBA Trading Academy or not is unclear.

Philip Liang is MTC Education’s Chief Sales Officer. He made a name for himself in MonaVie circa 2014.

After MonaVie was Isagenix, which seems to have died off sometime after 2016. There’s a 2016-2019 gap in Liang’s FaceBook profile, after which nothing MLM related appears.

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…]

I have a confession to make; I’ve had the OnPassive “The Top Live” event stream sitting open on a broswer tab now for over a month.

It has survived three or four browser updates and a couple of system reboots.

Every time I went to watch the 4.5 hour stream it I couldn’t get through more than a few minutes. My mind wandered and before you know it I was frantically clicking for any distraction to make the pain stop.

A while back I adopted a different strategy. Pulling the webinar from my YouTube account library, I loaded it up on my phone before bed.

I’d get comfortable, force myself to concentrate and… wake up the next morning with no recollection of the webinar and a dead phone battery.

This went on for a few weeks and I was no closer to getting through the “mega event”.

Today I decided enough was enough. One way or another I was going to get through this.

Turns out there was only twenty or so minutes of footage I needed to watch. [Continue reading…]

Typically MLM Ponzi schemes don’t start locking funds into higher ROI rates until after a few months at least.

By then recruitment has tapered off and it’s the inevitable run to the end. Why not sap as much as you can out of particularly greedy investors?

To that end Metafi Yielders have introduced a 4.2% daily ROI, to anyone gullible to lock in $10,000 for another 30 days. [Continue reading…]

Back in late March a Kripto Future Ponzi reboot was announced.

About a month and a half later, here’s how it’s going… [Continue reading…]

Back in March BehindMLM covered the Antares Trade 2.0 Ponzi reboot.

Aleksey Zhirovkin, playing Boris CEO Alex Richter, was resurrecting his 2020 Ponzi scheme for a second time.

Part of the Antares Trade reboot was Alpin Launchpad, which was marketed with its own “multi-level referral program”.

As such I flagged Alpin Launchpad for its own review. When it came up today I headed over to Alpin Launchpad’s website, only to discover… well, nothing much. [Continue reading…]

A typical component of an FTC lawsuit against an MLM company is deceptive or unfair earnings claims.

Last year the Supreme Court, in a decision that sided with payday loan scammers, limited the FTC’s ability to regulate MLM fraud.

Specifically, the FTC was barred from seeking “equitable monetary relief under section 13(b) of the FTC Act “.

For decades, injunctions obtained via Section 13(b), has seen the FTC recover ill-gotten gains from scammers and impose additional monetary penalties.

In light of the Supreme Court’s AMG decision leaving it unable to do so within the existing framework of the FTC Act, the regulator is exploring ways it can continue to effectively regulate fraud.

As part of those efforts, the FTC is seeking public comment on a proposed “Earnings Claims” rule. [Continue reading…]

A Telephonic Status Conference held on April 15th has edged Mindset 24 defendants towards an SEC settlement.

As per the order, individual ex parte phone conferences with the court are to be scheduled. The April 15th order states this is ‘in order for the Court to determine if further ADR is appropriate‘.

“ADR” being Alternative Dispute Resolution which, if successful, will lead to a settlement between the parties. [Continue reading…]

A reader reached out wondering if Modere had rebooted itself as “Shifting Retail” (sometimes “social retail”).

I looked into it and found it was just a new marketing campaign:

Figuring BehindMLM’s original Modere review was published back in 2014, I figured it was a good excuse to revisit the company.

One of the key criticisms I had back in 2014 was Modere’s focus on autoship recruitment. Shifting Retail sounds like the company might have evolved.

Let’s find out. [Continue reading…]

OmegaPro has received a securities fraud warning from Nicaragua’s Superintendencia de Bancos y de Otras Instituciones Financieras (SIBOIF). [Continue reading…]

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

In an attempt to appear legitimate, Metafi Yielders provides a random residential address in NSW, Australia.

Metafi Yielders’ website links to an official private FaceBook group.

The one admin of the group is CEO “Michael Daher”, represented by a blank newly created FaceBook account.

Admins of Metafi Yielders official FaceBook group are Robin Shanks, Rabbia Akmal, Huzaifa Naseeb, Chigozie Anthony Ezubelu, Femi Adeyemi and Leanna Sippel.

Metafi Yielders’ website also contains an embedded marketing video, titled “METAFI YIELDERS Facebook Live Presentation and Q&A”.

The video features Michael Daher, who has a distinctly Australian accent.

Further research reveals Daher’s actual name is Michel Daher. He also goes by Micho Nicolas.

Daher, or Nicolas, is a long-time resident of Perth, Australia. For reference, Perth is on the western coast of Australia. Blacktown in Sydney is on the east coast.

Prior to reinventing himself as the CEO of an MLM company, Daher fancied himself a vlogger and “amateur experimental chef and lover of food“.

Circa 2015, Daher was working as a photographer for The Shed Studios Australasia:

Up until very recently, the photo used to represent the new “Michael Daher” FaceBook profile was used on Michel Daher’s YouTube channel:

As far as I can tell, Daher/Niholas has no prior MLM corporate experience.

Taking a step back, Metafi Yielders has all the calling cards of a Russian Boris CEO Ponzi scheme. You have a template website, Telegram support, CEO nobody has ever heard of and random residential address.

What’s missing is the usual rented office videos. What gives?

Metafi Yielders’ website domain (“metafiyielders.com”), was privately registered on March 16th, 2022.

Russia invaded Ukraine a few weeks earlier in mid February. Heavy sanctions soon followed.

I imagine finding English-speaking foreign nationals in Russia presently can’t be easy. And so we have what appears to be the first budget Boris CEO Ponzi.

That is to say Micho Nicolas has been hired to front Metafi Yielders. He’s been sent a tshirt and rocks up to Metafi Yielders webinars on a webcam from his residence in Perth.

A far cry from the rented office studio production videos Boris CEO Ponzis usually deliver.

Alternatively Daher/Nicolas is some random schmuck who woke up one day and decided to launch his own MLM company.

Maybe someone can ask him about this on the next Metafi Yielders webinar?

Alexa currently ranks top sources of traffic to Metafi Yielders’ website as Vietnam (19%), the US (18%) and Colombia (13%).

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…]