The FTC has shut down Financial Education Services.

Federal regulatory action against FES follows a $1 million pyramid scheme fine, issued by the state of Georgia in 2019.

As alleged by the FTC, FES “scamm(ed) consumers out of more than $213 million”. [Continue reading…]

One of the pieces in GSPartners’ new Meta Certificates Ponzi puzzle is GS Chain.

Evidently for some time now, GSPartners has been awarding LSC shares based how much affiliates invested. They’re now being doshed out as a recruitment incentive.

GS Chain is a UK incorporation, which in and of itself is nothing remarkable. Companies House signs off on fraud all the time.

GS Chain is also however listed on the London Stock Exchange.

By no means itself a sign of legitimacy, how Josip Heit fooled the LSE into listing his shell company is nonetheless worth documenting. [Continue reading…]

In addition to their new Metaverse Certificate investment scheme, GSPartners is preparing to commit additional securities fraud through GSC shares. [Continue reading…]

Following owner Josip Heit’s failure to show up at GSPartner’s Atlanta, Georgia event, the Ponzi scheme quickly put together a follow up in Dubai.

We’ve already covered MLM industry figure Eric Worre attending as a speaker. Turns out he wasn’t the only one who shouldn’t have been there.

Appearing only in promo material put out by GSPartners was Floyd Mayweather.

Mayweather has evidently signed on as a GSPartners “Brand Ambassador”. Let’s get into why that’s a problem for the US resident. [Continue reading…]

The Trust Investing Ponzi scheme has collapsed.

Rather than just admit the scheme ran out of investor funds to pay out, CEO Diego Chaves claims the company was hacked. [Continue reading…]

Trust Investing has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores.

As per the CNMV’s April 4th warning, Trust Investing [Continue reading…]

A visit to EthTRX’s website reveals an empty backoffice for a few seconds:

Then the message “please logged on” pops up, before the visitor is redirected to an affiliate login/signup form.

When logged in as an affiliate, EthTRX provides a Google Store app link.

Interestingly enough, when I attempted to access the link manually it came back “not found”. Also note the whitepaper link provided is tron’s whitepaper, it has nothing to do with EthTRX.

EthTRX’s website domain (“ether-trx.com”), was privately registered on February 26th, 2022.

SimilarWeb currently ranks top sources of traffic to EthTRX’s website as Ethiopia (37%), Indonexia (13%) and Ukraine (10%).

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…]

Emile Parfait Simb, owner of the Liyeplimal Ponzi scheme, has been arrested in Cameroon.

Business in Cameroon reports authorities picked up Simb at Duoala Airport on May 26th.

He was moments away from boarding a plane to flee to Morocco. [Continue reading…]

Having just settled a six-year long lawsuit against Dave and Barb Pitcock, Youngevity appears to be targeting them again.

This time through Innov8tive Nutrition and parent company LaCore Enterprises.

Oh and apparently Innov8tive Nutrition’s patches don’t contain what’s advertised, classifying them as unapproved drugs. [Continue reading…]

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…]