Wayne Nash spearheads Paraiba securities fraud across US
A marketing video from top earner Wayne Nash reveals the Paraiba Ponzi scheme is closing in on half a billion.
A large percentage of that appears to have been sourced from US investors. [Continue reading…]
Bulgarian OneCoin doco “Deception Queen” out Nov 2022
In addition to the known OneCoin movie and TV series in production, we’re also getting a Bulgarian documentary.
“Deception Queen” entered production in late 2021 and is scheduled for release by the end of the year. [Continue reading…]
Traffic Monsoon cops $145 million final judgment in SEC case
Traffic Monsoon has had a $145 million Final Judgment entered against it.
I’m a little bit lost on the procedural side of things, as the Final Judgment follows a $2.5 million Jan 2021 default judgment order. [Continue reading…]
MTI victims getting screwed, SA authorities still doing nothing
And now, an update on Mirror Trading liquidation proceedings out of South Africa:
*checks notes*
- every MTI victim claim has been rejected
- the only claim approved was filed by JNX Online, a company belonging to MTI founder Johann Steynberg
- South African authorities continue to do nothing
The shitshow continues…
[Continue reading…]
Alan Friedland’s CFTC fraud settlement coverup
On January 31st Alan Friedland’s CompCoin fraud trial kicked off.
After three days of the CFTC presenting its evidence against Friedland, which included calling up five witnesses, Friedland settled the charges.
Friedland’s CFTC settlement has yet to be finalized and approved by the court.
Despite that Friedland is already sweeping his settlement under the rug. [Continue reading…]
Hyperverse added to New Zealand’s HyperFund fraud warning
Hyperverse has been added to New Zealand’s HyperFund securities fraud warning. [Continue reading…]
Family First Life, Enagic & Amplifei cop FTC COVID-19 C&Ds
Family First Life, Enagic and Amplifei have received COVID-19 cease and desist demand notices from the FTC.
The notices pertain to fraudulent marketing claims related to COVID-19. [Continue reading…]
Binaxx Review: Sann Rodrigues still pushing Ponzis in 2022
Binaxx provides no information on its website about who owns or runs the business.
What its website does provide is links to its socials. Once of those accounts is Binaxx’s official YouTube channel, on which we see Sann Rodrigues hosting Binaxx corporate marketing videos.
Binaxx’s Zoom account name is “Binaxx”, signalling he’s representing corporate and not a promoter.
That said Rodrigues has been personally promoting Binaxx on social media since last October.
Binaxx’s website domain (“binaxx.com”), was privately registered on August 31st, 2021.
Rodrigues doesn’t clarify his exact role within Binaxx. He’s clearly either running it though, or working very closely with whoever is.
Rodrigues, full name Sanderley Rodrigues De Vasconcelos, is best known as the top promoter of TelexFree.
TelexFree was a $3.6 billion Ponzi scheme. Rodrigues himself pocketed over $3 million.
In 2017 Rodrigues settled TelexFree fraud charges with the SEC for $1.7 million.
The disgraced scammer is believed to have left the US to settle in Portugal.
Brazilian authorities have an open investigation into Rodrigues. In Feb 2020 it emerged Rodrigues managed to flee Brazil for the US with the aid of Federal Police.
At the time criminal proceedings against Rodrigues barred him from leaving the country.
As of July 2020, Brazilian authorities had made two arrests; one of the police officers involved and an attorney. Over $340,000 in cryptocurrency had also been seized.
After TelexFree, Rodrigues went on to promote iFreeX, BitinForex (Top10Cap) and Clube365.
These were all Ponzi schemes.
Clube365 popped up in early 2020. A visit to the scam’s website reveals Clube365’s website domain is for sale.
Read on for a full review of Binaxx’s MLM opportunity. [Continue reading…]
Dragon Global Finance Review: Anthony Norman still at it…
Dragon Global Finance provides no information on its website about who owns or runs the company.
The company’s website domain (“dragonglobalfinance.com”), was privately registered on January 28th, 2020.
Further research reveals Dragon Global Finance corporate presentations being given by Anthony Norman.
Norman, as Anthony John Norman, is also one of the listed Directors for the UK shell company Dragon Global Finance LTD.
BehindMLM last came across Norman, who sometimes goes by “Antony Norman”, back in 2019.
At the time Norman was running Welmont Capital. Through Welmont Capital Norman acquired IQ Legacy.
IQ Legacy was the failed third reboot of the Ormeus Global Ponzi scheme.
What was left of IQ Legacy was being funnelled into The Sprinkle Group, in preparation for a Liber8 token Ponzi launch.
Not really sure what happened after that.
What we do know is early 2021 Norman gobbled up what was left of Wazzub and its YEM token bagholders.
The current iteration of Dragon Global Finance appears to have launched in early 2021.
Dragon Global Finance also goes by Dragon Global Solutions. Under either name, it is the current incarnation of Norman’s MLM business interests.
Based on Dragon Global Finance webinars, Norman, originally from Europe, appears to be hiding out in the Southern Hemisphere.
Alexa currently ranks Saudi Arabia as the only notable source of traffic to Dragon Global Finance’s website (96%).
Read on for a full review of Dragon Global Finance’s MLM opportunity. [Continue reading…]
OmegaPro trots out scam ambassador Steven Seagal
Unable to rest on the legitimacy of their fraudulent business models, Ponzi schemes often push legitimacy via association.
The basic idea is you associate your scam with seemingly legitimate people or companies. This is done to detract attention away from fraud.
It also presents in marketing as “but surely X wouldn’t be involved if Y was a scam?”
OmegaPro’s recent Global Convention was a great example of this. [Continue reading…]
