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

Swapnex’s website domain (“swapnex.io”), was privately registered back in December 2020.

The company itself appears to have launched on or around August 2021.

In an attempt to appear legitimate, Swapnex provides Australian incorporation details for “Swapnex PTY LTD”. A corresponding corporate address in NSW, Australia is also provided.

One of the businesses operating from this address is a virtual office address merchant.

For the purpose of MLM due-diligence, basic incorporation in any jurisdiction is meaningless of for the purpose of MLM due-diligence. This is primarily due to the lack of verification of submitted data.

Swapnex’s official YouTube channel was created on August 2nd, 2021. The channel features marketing videos with cast actors.

In an October 30th 2021 video, an unnamed “product director” appears in a typical rented office setup:

In a second video uploaded on February 6th 2022, Swapnex names its Product Director as Marcus Huber;

“Marcus Huber” is in fact Rupert Godman, a UK citizen living in Russia for two decades.

Godman is fluent in French, Spanish, German and Russian. As per an interview Sam Gerrans, circa 2012 Godman was

in real estate and teaches business English. He is also writing a novel and plays drums in a band.

On March 20th, Godman marked a recent Swapnex acting gig with an Instagram post:

My last role in Moscow playing a spivvy cryptocurrency dealer in a corporate video.

I remain open to opportunities in the UK.

I believe the video Godman refers to is the February 2022 Swapnex marketing video cited above.

Swapnex’s official FaceBook page is managed from the Ukraine.

From this we surmise “Marcus Huber” is a Boris CEO. Who exactly is running Swapnex is unclear but it’s very obviously the usual eastern-European scammers.

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…]

MetaIndex provides no company ownership or executive information on its website.

MetaIndex’s website domain (“metaindex.fund”), was privately registered on November 26th, 2021.

Further research reveals MetaIndex marketing material citing Ricardo Zambrana as MetaIndex’s CEO.

Zambrana is credited with “over 20 years” experience in network marketing.

I was ready to write Zambrana off as a Boris CEO but turns out he does have a history in MLM.

I don’t know about 20 years but two years ago Zambrana was trying to pass himself off as a motivation coach:

Zambrana abandoned his YouTube channel but continued to post on FaceBook…

…at least up until December 2021. Evidently somewhere along the way Zambrana became a crypto bro, and here we are with MetaIndex.

The one marketing video MetaIndex’s website redirects to a YouTube channel named “Wrise Brand Ambassador”.

MetaIndex explains this by claiming it has ” a funding partnership with wrise”.

A visit to Wrise’s website reveals its a 288% annual ROI crypto Ponzi scheme.

Wrise’s official FaceBook page reveals the company started off as Wrapped SumCoin back in February 2021.

SumCoin is some shitcoin that’s long-since collapsed.No idea what “WSUM” is but the current Wrise Ponzi launched on or around January 2022.

Attached to Wrise is RISE, yet another Ponzi shitcoin.

Who’s running Wrise? That’s not disclosed.

I’ll stop short of suggesting Zambrana himself is running Wrise. If he isn’t though, he definitely knows who is.

My money’s on these chaps, either directly or indirectly:

Hairo Reyes, Agustin Esterling and Carlos Flores are all former GoArbit Ponzi scammers.

Esterling in particular was part of GoArbit’s corporate team:

GoArbit was a simple 200% ROI MLM crypto Ponzi scheme.

As documented here on BehindMLM, GoArbit unravelled in early 2022.

It seems Reyes, Esterling and Flores cashed out before the collapse and went on to launch their own Ponzi.

Ricardo Zambrana is fronting the scheme because, y’know… bit hard to scam new victims with a trail of financial destruction behind you.

Wrise’s website domain (“wrise.app”), was privately registered on January 3rd, 2022.

At time of publication website traffic to Wrise’s website is too low to measure.

Alexa ranks top sources of traffic to MetaIndex’s website as the Dominican Republic (68%) and the US (13%).

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

The CFTC’s fraud case against four JetCoin scammers has been stayed, pending the outcome of parallel criminal proceedings. [Continue reading…]

The SEC is hunting down John Barksdale to serve him a copy of their $124 million civil lawsuit.

In addition to the SEC’s civil action, Barksdale (right) has been indicted on Ormeus Global related charges. [Continue reading…]

Two Crowd1 promoters in India’s south-west have been arrested.

Authorities in Kerala allege suspects “Joshy” and “Berson” stole over ten million rupees (~$130,000 USD). [Continue reading…]

CBI Global has received a securities fraud warning from South Africa’s Financial Sector Conduct Authority. [Continue reading…]

BeOnWise has received a pyramid fraud warning from the Central Bank of Russia.

As per the CBR’s April 25th warning, BeOnWise exhibits “signs of a financial pyramid”. [Continue reading…]

BaFin has finalized its cease and desist order against Karatbars International. [Continue reading…]

PetronPay, or what’s left of it, has been added to the SEC’s PAUSE list.

The PAUSE list is maintained by the SEC and

lists entities that falsely claim to be registered, licensed, and/or located in the United States in their solicitation of investors.

PetronPay launched in 2020 as a 300% “oil barrels” themed Ponzi scheme. [Continue reading…]

BeOnWise fails to provide ownership or corporate information on its website.

In an attempt to appear legitimate, BeOnWise provides an incorporation certificate for BeOnWise Limited in Ireland.

For the purpose of MLM due-diligence, basic incorporation in any jurisdiction is meaningless. This is due to the ease with which bogus details can be used to incorporate shell companies.

BeOnWise has an official YouTube channel, on which it has uploaded a few rented office videos.

These videos climax in a CEO multi-lingual series, put out 6 to 3 days ago. Thee videos are all dubbed, with the English original conspicuously absent.

Nonetheless if you listen carefully, the actor playing CEO “Ronan Patrick O’Sullivan” has an eastern-European accent.

This, along with the fact O’Sullivan doesn’t exist outside of BeOnWise, makes him a prime Boris CEO candidate.

Boris CEO schemes are typically the work of Russians or Ukrainians.

Update 26th April 2022 – BeOnWise has received a pyramid fraud warning from the Central Bank of Russia. /end update

BeOnWise’s website domain (“beonwise.com”), was privately registered on November 1st, 2021.

Despite not existing until late 2021, on its website BeOnWise falsely represents it has been around since 2018.

At time of publication Alexa ranks top sources of traffic to BeOnWise’s website as Vietnam (28%), Peru (23%) and South Korea (9%).

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…]