Sefiwo Farm provides no information on its website about who owns or runs the company.

Sefiwo Farm’s website domain (“sefiwo.com”), was privately registered on May 3rd, 2022.

SimilarWeb currently ranks top sources of traffic to Sefiwo Farm’s website as Russia (19%), Ukraine (11%) and Brazil (9%).

Those percentages aren’t definitive but do suggest Sefiwo Farm has ties to Russia.

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…]

The SEC has secured a preliminary injunction against Mining Capital Coin.

The granted injunction also applies to individual defendants Luiz Carlos Capuci and Emerson Sousa Pires. [Continue reading…]

Alfa Investment provides no information on its website about who owns or runs the company.

In fact as I write this, Alfa Investment’s website domain is nothing more than an affiliate signup/login form:

What we do get is a link to a “paper”, in either Spanish or English (Alfa Investment’s website defaults to Spanish).

In the document we get a blurry UK incorporation certificate and CEO “Mauricio Mosquera”.

No information about Mosquera is provided. Outside of Alfa Investment Mosquera, as represented in company marketing, doesn’t exist.

Whoever is playing Mosquera has put in at least one video appearance, so that does rule out a stock photo.

Alfa Investment’s UK incorporation meanwhile is a red flag.

An MLM company operating or claiming to operate out of the UK is a red flag.

UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.

As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.

For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.

Alfa Investment’s website domain (“alfainvestment.capital”), was first registered in December 2021. The private registration was last updated on May 9th, 2022.

As per SimilarWeb tracking, traffic to Alfa Investment spiked in May 2022. 100% of Alfa Investment’s website traffic is attributed to Ecuador.

It follows that whoever is running Alfa Investment is thus also likely based out of Ecuador, or at the very least has ties to the country.

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…]

Instant Recall provides no information about who owns or runs the company on its website.

Instant Recall’s website domain (“instantrecalls.com”), was privately registered on January 14th, 2021.

Further research reveals Instant Recall marketing videos citing Paul Schneider as “creator” of the company.

BehindMLM first came across Schneider in January 2014, as part of our coverage on Med Saver Direct.

As part of that research, which began with Bid For My Meds, a reader tipped us off to Schneider’s securities fraud proceedings in Missouri.

In 2013 the Missouri Securities Division took action against Schneider (right), pertaining to securities fraud related to MVP and SkyBuddy.

I wasn’t able to confirm any further involvement in MLM by Schneider over the past eight years.

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…]

As per a Joint Notice filed on June 2nd, the SEC and defendant Eric J. Dalius will return to mediation.

With the Saivian fraud trial scheduled for September 2022, this would appear to be the last change for Dalius to settle and avoid potentially harsher penalties in court. [Continue reading…]

Metafi Yielders’ website has gone offline, signalling the Ponzi scheme’s exit-scam is complete. [Continue reading…]

On June 23rd a few hundred OnPassive regulars jumped on a Zoom stream and celebrated Ash Mufareh closing Ofounders sign ups.

The next day Mufareh appeared on a follow up stream. He told Ofounders that OnPassive had over-delivered and they should be grateful.

And then he left.

If it sounds like I’m condensing things, I’m not. There’s literally nothing much else to report on. [Continue reading…]

The Central Bank of the Comoros has issued a multi-scam fraud warning for Gold Standard Bank and Dafri Bank.

As per the BCC’s 15th June warning; [Continue reading…]

Free Mart is expanding its crypto fraud efforts with multiple announced expansions to its Nugen Coin platform. [Continue reading…]

Bitqyck co-founders Bruce Bise and Samuel Mendez have been sentenced to 50 months in prison each.

The IRS initiated a criminal investigation into the pair following failure to report Bitqyck’s taxes in 2016 and 2017. [Continue reading…]