Family First Life and Tiffany Tranghese have reached a settlement.

Details are still being finalized but the settlement is expected to resolve Tranghese’s allegations of sexual harassment as a former Family First Life employee. [Continue reading…]

AI Profit USDT fails to provide ownership or executive information on its website.

AI Profit USDT operates from two known website domains; aiprofitusdt.vip and aiprofitusdt.org. Both domains were privately registered on November 3rd, 2024.

AI Profit USDT has already attracted the attention of financial regulators. The Central Bank of Russia issued an AI Profit USDT pyramid fraud warning on December 4th, 2024.

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…]

GrowthClub Life fails to provide ownership or executive information on its website.

GrowthClub Life’s website domain (“growthclub.life”), was privately registered on May 7th, 2023.

Courtesy of off-site marketing, two names we can attach to GrowthClub Life are Victor Louis Tolulope, aka Victor Louis Adegunloye (Nigeria) and Kamran Abbasi (UK).

Both Tolulope and Abbasi are former NextGen Academy Ponzi scammers.

Tolulope was a NextGen Academy promoter, Abbasi was part of the executive team.

NextGen Academy was a Ponzi scheme run by the notorious Gohar brothers; Rehan and Rizwan.

The Gohar brothers’ crime spree began in 2019 with the BizzTrek pyramid scheme. After BizzTrek collapsed the Gohar brothers launched BizzTrade later that same year.

BizzTrade collapsed twice under its own name over the next few years. In late December 2021 a third BizzTrade reboot was launched at BizzTrade Pro.

BizzTradePro lasted until April 2022, prompting the Gohar brothers to launch NextGen Academy.

NextGen Academy began to collapse by early 2023, prompting the launch of My Car Club in March 2023.

Following a regulatory enforcement action in Australia tied to money laundering, NextGen and My Car Club collapsed in or around May 2023.

Adegunloye and Abbasi began promoting GrowthClub Life a few months later, in or around September 2023.

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…]

Marco A. Ruiz Ochoa has settled civil iComTech fraud charges with the CFTC.

As per the terms of the settlement, Ochoa is [Continue reading…]

OakSmart has initiated an OAK USD Coin Ponzi exit-scam.

OakSmart’s exit-scam was announced two days after BehindMLM reviewed OakSmart, and California’s DFPI issued an OakSmart securities fraud desist and refrain order. [Continue reading…]

The Swag Ponzi scheme has collapsed.

Italian media are reporting Swag withdrawals have been disabled, affecting “almost 30,000” investors. [Continue reading…]

Glory Assurance fails to provide ownership or executive information on its website.

Glory Assurance operates from two known website domains; gloryassurance.com (marketing) and hashkingdom.com (app).

Both of Glory Assurance’s website domains were privately registered on February 2nd, 2024.

If we look at the source-code of both of Glory Assurance’s websites we find Chinese:

This suggests whoever is running Glory Assurance 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…]

Visalus, owned by Texas-based LaCore Enterprises, has filed for Chapter 11 bankruptcy.

As per the filing, signed by Niklas Sarnicola, Visalus owes “less than $3,024,725” to “more than 100,000 creditors”. [Continue reading…]

Blue Electric Technology Limited, aka BETL, has collapsed.

The “click a button” app Ponzi heavily targeted Bulgarians, reportedly resulting in thousands of investors losing millions of dollars.

BETL’s “click a button” ruse was portable phone chargers. [Continue reading…]

Disgraced MLM veteran Holton Buggs is shamelessly challenging the CFTC’s request for a Traders Domain preliminary injunction.

Buggs, who is alleged to have misappropriated millions of dollars through Traders Domain, is the only defendant challenging proceedings. [Continue reading…]