Baccarat Staking has collapsed. At time of publication the company’s website returns a “connection refused” error.

Owner Michael Sander doesn’t appear to have addressed the collapse on social media. Instead, he’s pushing Baccarat Academy. [Continue reading…]

Turbo, also marketed as “We Are Turbo”, fails to provide company ownership information on its website.

Turbo’s website domain (“weareturbo.io”), was first registered in 2020. The private registration was last updated on December 8th, 2021.

Turbo’s website defaults to Spanish. The company’s marketing material is also all in Spanish.

Further research reveals Turbo marketing material citing David Merino as founder and CEO of the company.

Why this information isn’t provided on Turbo’s website is unclear.

Prior to Turbo David Merino headed up Frequency as CEO:

Frequency was a trading bot MLM scheme. It appears to have collapsed on or around January 2021. This coincides with Turbo’s initial domain registration on December 8th, 2020.

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

MCAM stands for “Moneda Crypto Asset Management”. Get MCAM is an MLM company created to market Moneda tokens.

On its website Get MCAM provides no information about who’s behind Get MCAM or Moneda.

Get MCAM’s website domain (“getmcam.com”), was privately registered on November 20th, 2021.

In an attempt to hide who’s running Get MCAM, this guy has been hired to shoot multiple <30 second promo clips:

Get MCAM makes a big deal about the actor having a US accent.

Other Fivver style actors have also been used. “Din (Dean?) from California” is a particularly amusing example.

The grammar in the scripts used strongly suggests whoever paid for these videos isn’t a native English speaker.

The first hint at who’s behind Get MCAM was this Indian Independence Day video, uploaded on January 26th:

On February 11th, Get MCAM uploaded a “blockchain summit” video.

The video features the company’s Indian admins. Whether these are also the owner(s) of the company is unclear.

What we learn from this is Get MCAM is being run by Indians, primarily targeting an Indian audience.

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…]

Generation Zoe has received a securities fraud warning from Colombia.

As per the Superintendencia Financiera de Colombia’s March 1st warning; [Continue reading…]

Hyperverse is now promising investors 400% ROI. This is up from the 300% offered through HyperFund.

With withdrawals disabled throughout most of 2022, Hypervere’s 400% return comes off as a desperate cash grab. [Continue reading…]

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

On what appears to be an official Manifest FX YouTube channel, marketing videos credit Jimmy Bennett and Josh Felts as co-founders of the company.

I wasn’t able to establish if Jimmy Bennett has an MLM history.

On his personal website, Bennett describes himself as a “British entrepreneur”.

The marketing slide above cites Bennett as a founder of Southgate Wealth. A Google search for “”southgate wealth” bennett” returns four results. Two are unrelated and the other three are Manifest FX spam.

This puts a question mark over Jimmy Bennett’s professional history.

Update 22nd March 2022 – Turns out Jimmy Bennett has a history of securities fraud.

Circa 2015 Bennett was promoting some real-estate investment scheme:

In October 2020 Bennett launched Simply FX:

As above, Bennett pitched Simply FX as a 40% to 50% a month passive “auto trader” scheme.

The FCA moved in and shut Simply FX down in December 2021:

The FCA identify Simply FX as “SnapTrade LTD”. SnapTrade LTD is another UK shell company owned by Bennett.

If you’re wondering why SnapTrade LTD is still incorporated despite being tied to securities fraud, it’s because securities regulation in the UK is dysfunctional.

For all intents and purposes, Manifest FX appears to be a spinoff of Simply FX. /end update

After failing to establish himself as a religious rapper, in 2015 Josh Felts launched his own ministry.

That flopped and led to Felts slinging MLM trading opportunities.

BusinessForHome tied Felts to Silver Star Live in January 2019.

Silver Star Live was a forex bot MLM company that failed to register itself with US regulators.

In November 2019 we learned the CFTC went after Silver Star Live co-founders Hassan Mahmoud and Candace Ross-Mahmoud.

In mid 2020 the CFTC filed suit against Silver Star Live’s third co-founder, David Mayer.

The CFTC alleged in their lawsuit that Mayer, through Silver Star Live and Silver Star Live Software, defrauded “more than 9000 clients out of millions of dollars”.

In August 2021 Mayer copped a $15.6 million judgment.

By then Felts had moved onto Epic Trading, which he promoted under “Paid2Live” branding.

Epic Trading wasn’t as nefarious as Silver Star Live but we still raised pyramid concerns.

I found Manifest FX marketing dating back to January 2021. This suggests Felt’s time promoting the company was short-lived (or he managed both for a while).

Manifest FX’s website was registered through an incomplete UK address in December 2020.

Based on their respective social media profiles, Jimmy Bennett and Josh Felts represent they are based out of Dubai and the US state of Georgia respectively.

With Dubai being the MLM scam capital of the world, Bennett basing himself there is an automatic red flag.

Despite having no ties to the UK, other then Bennett presumably being a UK citizen living abroad, Manifest FX represents it operates out of Chichester.

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

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

MyPromoAd’s website domain (“mypromoad.net”), was privately registered on December 15th, 2021.

This supports a January 15th, 2022 launch date provided by MyPromoAd.

MyPromoAd’s website is available in three languages; German, English and Russian.

Of the three languages offered, German appears to be the default. There are pages on MyPromoAd’s website that default to German and are not available in English or Russian.

This suggests whoever is running MyPromoAd has ties to Germany, or at the very least is fluent in German.

At time of publication Alexa ranks top sources of traffic to MyPromoAd’s website as Israel (20%), Switzerland (20%) and Indonesia (15%).

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…]

Mirror Trading International liquidators have given victims a recovery deal.

The deal, which appears to have received court approval, will see victims who accept paid “a portion of their claims”.

While the court has approved the deal, it remains contingent on Mirror Trading International being declared an illegal scheme.

That hearing was supposed to begin on March 2nd. It’s now been postponed to April 29th. [Continue reading…]

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

LXPLife’s website domain (“lxplife.io”), was privately registered on November 28th, 2021.

LXPLife hosts its compensation documentation of a GitHub repository bearing the name “Husty Solutions”. The repository account name is Husty Network.

These are part of Husty Designs, an MLM crypto scam factory.

BehindMLM has previously reviewed two Husty Designs scams; iLearning Crypto and Twin TurboTRX.

Other scams featured on Husty Designs’ GitHub repository include Freedom Inu and Wokung Inu.

Who owns Husty Designs is unclear. The company is believed to operate out of Chennai, India.

Alexa currently ranks the US as the only significant source of traffic to LXPLife’s website (96%).

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…]

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

BF Football’s website domain “3bf.com”, was first registered in 2004. The registration was last updated on December 19th, 2021.

Courtesy of the Wayback Machine, we learn BF Football’s domain was for sale in November 2021:

This suggests the current owners purchased the domain a month later in December.

We learn from the domain sale notice that BF Footballs’ domain was purchased on a Chinese marketplace.

Supporting whoever is behind BF Football being fluent in Chinese is the company’s website language also being set to Chinese.

BF Football represents it is active in the Philippines, US and Malaysia.

Of these markets the Philippines appears to be the most prominent. To that end the Philippine SEC issued a securities fraud warning against BF Football on January 21st, 2022.

At time of publication BF Football’s website is still accessible. Typically when we see the Philippine SEC issue warnings against Philippine companies, they disappear pretty quickly.

This further supports whoever is behind BF Football probably being in a Chinese-speaking 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…]