OmegaPro RICO class-action filed in Florida
Plaintiffs United Investor Community INC., Lyadunni Udugba and Olungbenga Bernard Adesuyi have filed a RICO class-action against OmegaPro and associated scammers. [Continue reading…]
BusinessForHome sold to Vida Divina’s Armand Puyolt
The MLM publication BusinessForHome has been sold off to Armand Puyolt.
Puyolt’s acquisition also brings with it several new editorial appointments. [Continue reading…]
EminiFX victim distribution plan approved
A proposed EminiFX victim claim distribution plan has been approved.
As per an order issued on January 21st, the EminiFX Receiver is authorized distribute recovered assets to victims of the scam. [Continue reading…]
$19.5 million seized from QFX Trade scammers
Indian authorities have seized $19.5 million from QFX Trade scammers.
The Times of India reports QFX Trade was a forex ruse Ponzi operating as BotBro, TLC Coin (not related to Total Life Changes) and Yorker FX. [Continue reading…]
Four Crypto 888 Club Ponzi scammers charged in Norway
Following an investigation that began in 2016, Norwegian authorities have laid charges against four Crypto 888 Club Ponzi scammers. [Continue reading…]
AI-UP Review: Stolen identity “click a button” Ponzi
AI-UP fails to provide ownership or executive information on its website.
AI-UP’s website domain (“ai-up.top”), was
AI-UP has already attracted the attention of financial regulators. The Central Bank of Russia issued an AI-UP pyramid fraud warning on February 10th, 2025.
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…]
Etherforce Review: Twelve-tier matrix cycler Ponzi
Etherforce fails to provide ownership or executive information on its website.
Etherforce’s website domain (“etherforce.io”), was privately registered on November 9th, 2024.
Some registration details are visible, such as the country code for Malaysia. Given the registrant’s organization is “bnbchain” though, the authenticity of the details is questionable.
SimilarWeb tracked ~2700 monthly visits to Etherforce’s website for January 2025. 65% of Etherforce’s website traffic originated from France, followed by 26% from Morocco and 9% from Canada.
French is the common link between these countries, suggesting whoever is running Etherforce speaks French.
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…]
BitConnect’s Satish Kumbhani tracked to Ahmedabad, Gujarat
BitConnect founder and wanted fugitive Satish Kumbhani has been tracked to Ahmedabad, a city in the Indian state of Gujurat. [Continue reading…]
BitHarvest pyramid fraud warning from Russia
BitHarvest has received a pyramid fraud warning from the Central Bank of Russia (CBR).
As per the CBR’s February 14th warning, BitHarvest exhibits “signs of a financial pyramid”. [Continue reading…]
Mining Memes Review: Crypto mining “click a button” Ponzi
Mining Memes fails to provide ownership or executive information on its website.
Mining Memes’ website domain (“miningmemes.com”), was registered with bogus details on January 19th, 2025.
Of note is Mining Memes’ website domain being registered through the Chinese registrar Alibaba (Singapore).
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…]
