BuildGiver fails to provide ownership or executive information on its website.

Instead, visitors to BuildGiver’s website are presented with low-effort AI-generated slop:

A marketing video featured on BuildGiver’s website is an unlisted video hosted on a YouTube channel named “BuildGiver”. If we look at the channel description, we find a FaceBook group link:

The linked FaceBook group is named “Focus Invite Codes”. The group is private with one admin; “Roem BuildGiver”.

On the Roem BuildGiver profile we find more BuildGiver marketing:

The profile has been renamed at least three times and has been used to promote scams for over a decade.

If we look at the photo history of the profile we find its owner:

On Roem Emverda’s correctly named FaceBook profile we find more BuildGiver marketing:

Instead of being honest and owning up to owning and running BuildGiver, Emverda appears to be publishing “creator” updates using the initials “M.R.”:

Scams Emverda promoted prior to launching BuildGiver include Focus (failed crypto social network), Empower Life (pyramid scheme) and OnPassive (securities fraud):

The SEC sued OnPassive and founder Ashraf Mufareh for fraud in 2023. Mufareh settled with the SEC for $32 million in August 2025.

As per his FaceBook profile, Emverda is based out of California in the US. It’s assumed this is where Build Giver is also being operated from.

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…]

Infinite X fails to provide ownership or executive information on its website.

Infinite X marketing materials cite “Ethan Cate” as the company’s CEO.

“Ethan Cate” of course doesn’t exist. The scammers running Infinite X have stolen a profile photo of Roland Kickinger, an Austrian actor and bodybuilder.

I’m noting here that the scammers behind Infinite X have gone so far as to create AI-generated marketing videos featuring Kickinger as “Ethan Cate”.

Kickinger has nothing to do with Infinite X. His identity has been misappropriated.

Despite the obvious fraud above, Infinite X feigns legal compliance by presenting a FinCEN MSB license as proof of legitimacy.

The certificates are for “Infinite X Foundation LTD”, represented to be a Colorado registered company.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

FinCEN isn’t a financial regulator. MSB registration of a shell company with FinCEN is equally meaningless.

If we look at the source-code of Infinite-X’s website, we find Chinese:

As opposed to the US, this suggests whoever is behind Infinite X has ties to China.

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…]

ZiNRAi fails to provide ownership or executive information on its website.

While ZiNRAi’s website does have a “leadership” section, it has been disabled:

Further research reveals marketing spam hitting the internet about a month ago, naming Jason Brown as ZinRAi’s founder:

The reason ZiNRAi hides Brown’s ownership from consumers is likely due to his Iyovia fraud settlement with the FTC last month.

In May 2025 the FTC filed suit against Iyovia, fka IM Mastery Academy and iMarketsLive, alleging $1.2 billion in fraud.

In addition to being a promoter, Jason Brown was Vice President of Field Operations.

Along with business partner Matthew Rosa, had significant enough roles to warrant the FTC naming them as Iyovia defendants.

Brown has made deceptive earnings claims in selling IML’s Trading Training Services and Business Venture.

As an IML vice president and close advisor of Chris Terry, Brown is aware of deceptive earnings claims made routinely by other
salespeople and instructors.

[Brown] hired a third party to post fake positive reviews about IML under a pseudonym.

[Brown] has directed IML’s compliance consultant to find ways to disable the social media accounts of individuals who have criticized IML’s practices online.

And [Brown] has advised top salespeople at IML on how to post deceptive earnings claims online in ways that will evade law enforcement.

Through their company Global Dynasty Network, the FTC alleged Brown and Rosa defrauded consumers out of more than $33 million.

Brown and Rosa jointly settled the FTC’s case against them for $36 million on August 7th.

I wasn’t able to find anything linking Rosa to ZiNRAi, so it appears Brown has struck out on his own.

ZiNRAi provides a corporate address in Bonita Springs, Florida on its 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…]

Jobadiah “Joby” Weeks pled guilty to BitClub Network criminal charges in November 2020.

Five years later, in a situation one assumes nobody is happy with, Weeks has yet to be sentenced.

Back in May Weeks, who is currently on bail pending sentencing, received permission to relocate from Colorado to Florida. While in Florida, Weeks was additionally granted permission to accompany his new wife to hospital for the birth of their child.

A few hours after Weeks’ child was born and while still at the hospital, Weeks left his wife to host a fifty-three minute long self-marketing interview. [Continue reading…]

When the FTC filed an emergency motions seeking sanctions on August 28th, it accused Iyovia founder Christopher Terry of dissipating $9 million dollars.

Prior to the granting of a preliminary injunction on August 12th, Terry transferred $9 million to Auspicious Irrevocable Trust (Auspicious).

So the FTC argued, Iyovia funds were being dissipated through Auspicious in violation of the since-granted preliminary injunction.

The FTC’s motion for sanctions was denied on September 3rd. Recent filings however have shed light on what appears to be Terry’s plan to keep consumer funds misappropriated through Iyovia, IM Mastery Academy and iMarketsLive. [Continue reading…]

Qwidex has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC).

ASIC added Qwidex to its Investor Alert List on August 5th, 2025. [Continue reading…]

The SEC has secured a $46.2 million default judgment against Mining Capital Coin’s co-founders.

Mining Capital Coin was an MLM crypto Ponzi launched in 2018.

The SEC sued Mining Capital Coin and co-founders Luiz Carlos Capuci and Emerson Sousa Pires in 2022, initially alleging $8 million in securities fraud. This grew to $28.47 million as the case progressed. [Continue reading…]

Alex Morton has settled Iyovia fraud allegations with the FTC and Nevada for $76,286,886.

Morton’s monetary judgment was part of a stipulated order settlement, filed on September 3rd.

Based on a July 16th financial statement provided to the FTC, Morton will only pay $10 million of his $76.2 million judgment. [Continue reading…]

MWR Life has received a pyramid fraud warning from the Central Bank of Russia (CBR).

As per the CBR’s September 1st warning, MWR Life exhibits “signs of a financial pyramid”. [Continue reading…]

Texit Coin operates in the cryptocurrency MLM niche. The company is purportedly based out of Texas.

Heading up Texit Coin we have founder Bobby Gray, aka Rob Gray and Robert J. Gray.

As far as I can tell Gray doesn’t have an MLM history. Gray appears to be a sovereign citizen nutjob with a specific focus on counterfeiting US currency.

The earliest I was able to find on Gray was his role as Regional Currency Officer at Liberty Dollar.

Liberty Dollar was a “private currency” started by Bernard von NotHaus in 1998.

Liberty Dollar’s storage warehouses were raided in 2007. Von NotHaus was charged with counterfeiting US currency and was arrested in June 2009. A month later von NotHaus announced he was closing Liberty Dollar.

Von NotHaus was convicted at trial in March 2011. In November 2014 von NotHaus was sentenced to six months house arrest with three years probation.

A year before the Liberty Dollar raids, Bobby Gray launched his own Liberty Dollar spinoff; the American Currency Open Standard.

Gray claims he launched the American Currency Open Standard in 2008 after “watch[ing] all these different documentaries” and going down “the bottom of every rabbit-hole conspiracy theory”.

In a recent Texit Coin marketing video, Gray describes the American Currency Open Standard as “his own currency”.

Speaking before the Domestic Monetary Policy Subcommittee in 2012, Gray claimed the Federal Reserve and US government were “thieves”.

Ironically, the same year Gray appeared before the subcommittee to tout its success, American Currency Open Standard collapsed. This prompted Gray to launch Mulligan Mint later the same year.

Mulligan Mint was pitched as a “complimentary currency system that can fill in the blanks where the U.S. dollar has let us down”.

In September 2013, the Wall Street Journal reported on Mulligan Mint’s collapse;

The 25-worker Mulligan Mint Inc. … has filed for bankruptcy after officials in June discovered that part of a $1.4 million shipment of silver was missing.

Where did the silver go?

“That’s the big question,” Mulligan Mint President Rob Gray told Bankruptcy Beat. “We don’t really know.”

Social media posts suggest Brown relocated to Singapore around the time of Mulligan Mint’s collapse.

In 2017 Gray resurfaced with Singapore-based Cold Storage Coins. Cold Storage Coins was a continuation of a service Gray previously sold through Mulligan Mint (quoting the previously cited WSJ article);

Mulligan Mint even sells a one-ounce silver “bitcoin,” a virtual currency that some have ironically made actual coins for, which has a Q2 code that can be scanned with a smartphone.

As of 2023, Cold Storage Coin appears to have been rebooted as Blockchain Mint.

A 2013 Reddit post in the Silverbugs subreddit, purportedly quoting a 2013 email newsletter from Bernard von NotHaus, associates the following additional entities with Gray;

Free Lakota Bank, AOCS (American Open Currency Standard), Mulligan Mint, SLV Properties (Silver Properties), AG Logistics (Silver Logistics), Coins for the Cause, Silver Bullet Silver Shield (owned by Chris Duane but claimed by Rob Gray), TSP Mint (The Survival Podcast Mint), AOCS Mint, Open Currency, Lakota Exchange, AG Trading post, ICBA: (International Commodity Banking Association) that does not exist.

At least back in 2013, von NotHaus appears to see Gray’s various business ventures as Ponzi schemes;

Need another name to keep the ponzi running? Just create another entity or a new organization like the ICBA.

This brings us to Texit Coin’s launch in May 2024. I’m not 100% sure on when but the MLM side of Texit Coin launched later (early 2025?).

Texit Coin operates from two website domains:

1. texitcoin.org – privately registered on January 5th, 2024
2. minetxc.com – registered in April 2024, private registration last updated on March 12th, 2025

Texit Coin provides a McKinney, Texas corporate address on its website. The address appears to be residential in nature.

This tracks with Texit Coin’s official FaceBook page being managed out of the US:

Read on for a full review of Texit Coin’s MLM opportunity. [Continue reading…]