OnmaxDT provides no information on their website about who owns or runs the company.

In the company’s marketing material, made up OnmaxDT executives are provided:

For some reason OnmaxDT provide a random residential address in Queensland, Australia on their website.

OnmaxDT’s website domain (“onmaxdt.com”), was first registered in July 2021. The private registration was last updated on March 3rd, 2022.

SimilarWeb ranks traffic to OnmaxDT’s website as originating from Sri Lanka (98%) and Hong Kong (2%)

As opposed to being based out of Australia, 98% website traffic suggests OnmaxDT is being run from Sri Lanka.

It would certainly fit with fake executive names and broken English all over OnmaxDT’s 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…]

A few days ago BehindMLM published its Meta Utopia review.

Meta Utopia itself is an unremarkable “metaverse” MLM crypto Ponzi scheme.

As part of our research into it however, we tied Nicholas Coppola to the Ponzi scheme’s founder.

Or rather he did, through a since-deleted Instagram story:

Turns out Coppola wasn’t happy with being publicly tied to Meta Utopia. He only wants to be a crypto bro Ponzi scammer in secret.

Today we welcome Nicholas Coppola to BehindMLM’s DMCA Wall of Shame. [Continue reading…]

TradeProfit provides no reliable executive or company ownership information on its website.

TradeProfit does provide “expert team members”, however these are fake names represented by stock photos:

In an attempt to appear legitimate, TradeProfit provides UK incorporation details for “Tradeprofit.net”.

A search of Companies House reveals the provided incorporation details don’t exist.

TradeProfit’s website domain (“tradeprofit.net”), was privately registered on March 21st, 2022.

Despite only existing for a few months, TradeProfit falsely claims it has “years of experience”. Experience in what isn’t clarified.

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…]

Following an agreement reached with the IRS, the USFIA Receiver has secured authorization to send out USFIA victim distribution payments. [Continue reading…]

EminiFX founder Eddy Alexandre’s arraignment and pre-trial conference was held on June 16th.

Alexandre pled not guilty to one count of commodities fraud and one count of wire fraud. [Continue reading…]

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

GrenMiner’s website domain (“grenminer.com”), was privately registered on March 19th, 2022.

In an attempt to appear legitimate, GrenMiner provides incorporation details for “GrenMiner Limited”.

GrenMiner Limited was incorporated in the UK on March 22nd, 2022.

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.

In the source-code of GrenMiner’s website we find reference to Jivo, a Russian support chat app:

This strongly suggests whoever is running GrenMiner has ties to Russia.

To that end the Central Bank of Russia issued a GrenMiner financial fraud warning on June 9th.

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…]

Let’s Yarn provides no credible information on its website about who owns or runs the company.

In place of actual company ownership information, Let’s Yarn provides corporate information for Etsy. This information is copied from Etsy’s Wikipedia entry.

Let’s Yarn’s website domain (“letsyarn.com”), was first registered in 2019.

The registration was last updated with bogus details on March 15th, 2022. I believe this is when the current owner(s) took possession of the domain.

if we take a look at Let’s Yarn’s website source-code, we can see localization is set to Chinese:

This strongly suggests whoever is running Let’s Yarn has ties to China.

SimilarWeb ranks top sources of traffic to Let’s Yarn’s website as Switzerland (75%), Russia (6%) and Belarus (5%).

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…]

COTP Ponzi promoters recently attempted to launch a COTP Safe Miner reboot.

Now, a week or so later, they’ve abandoned the Ponzi and rebooted as Trust Miner. [Continue reading…]

Typically an MLM Ponzi scheme launches with or switches to cryptocurrency to avoid financial regulation.

Then there’s CashFX Group who, following two years of ongoing crypto withdrawal problems, have now convinced investors they’ll be paid through a debit card. [Continue reading…]

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

BNBSeed’s website domain (“bnbseed.io”), was privately registered on May 18th, 2022.

SimilarWeb currently ranks top sources of traffic to BNBSeed’s website as Poland (38%), Vietnam (18%) and Norway (17%).

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…]