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

The only point of contact provided is a shady Telegram group. The admin of Introax’s Telegram group is someone going by the alias “Steve Law”.

Introax has a YouTube channel, on which there’s one official marketing video. It’s a stock footage with voiceover affair typical of MLM scams.

Introax’s website domain (“introax.com”), was privately registered on January 6th, 2022.

In an attempt to appear legitimate, Introax provides a UK incorporation certificate for Introax LTD.

Introax LTD was incorporated on January 18th, 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.

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

The company claims to be a “Spanish-speaking platform”. Generation Zoe’s website footer states the project was “created by Fidubit in Colombia”.

Fidubit appears to be incorporated in Colombia as Fidubit SAS.

According to Dun & Bradstreet, Fidubit

is located in MEDELLIN, Antioquia, Colombia and is part of the Computer Systems Design and Related Services Industry. FIDUBIT S A S has 3 total employees.

Heading up Fidubit and by proxy Generation Zoe, is Jhooana Tatiana Carvajal Muneton and Adrian Herrera Villota.

The only thing I was able to find on these individuals is an abandoned FaceBook account belonging to Villota (right).

Villota appears to have tried his hand at freelance marketing prior to landing at Fidubit.

On the regulatory front Generation Zoe has attracted the attention of multiple South American regulators.

Press Coaching reports there have been securities fraud raids in Paraguay. The National Securities Commissions considers Generation Zoe to be a “pyramid scam”.

Argentinian authorities have also issued a Generation Zoe securities fraud warning.

Generation Zoe’s regulatory troubles led me to an article by 24 Hours World, in which Leonardo Cositorto is cited as Generation Zoe’s founder.

Prior to Generation Zoe, Cositorto appears to have been marketing himself as a professional coach.

I was unable to establish whether Cositorto has an MLM history.

In response to South American regulators cracking down on Generation Zoe, Cositoro stated because it’s “a private investment, the trust it totally legal”.

This is of course baloney. Anyone can sign up as a Generation Zoe affiliate, it is the opposite of private.

Cositoro also trots out the cliched “we’re not a pyramid scheme because we haven’t collapsed yet” defense.

As I understand regulatory investigations into Generation Zoe are ongoing.

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…]

Futures Trade has announced a “regulators!” exit-scam.

The move comes hours after BehindMLM outed owner “Dylan Carnell” as UK resident Daniel Clayton. [Continue reading…]

South Africa’s legal system continues to shield Mirror Trading International scammers.

The latest has seen requested second depositions of suspected owners Clynton and Cheri Marks denied. The same has been denied for the Ponzi scheme’s top earners. [Continue reading…]

Shortly after BehindMLM’s Futures Trade review went live, we received a tip about CEO Dylan Carnell.

My own suspicions were roused with Carnell’s FaceBook account. Content dates back to 2015 but is sparse and was only recently published.

This is typical of a nuked account or one that was bought and repurposed.

The name of the account was “DylanFutures”, which is also odd because Futures Trade only launched in late 2021.

Dylan Carnell also has no digital footprint outside of Futures Trade marketing.

Turns out my initial suspicions was justified. Today BehindMLM can confirm Dylan Carnell’s actual name is Daniel Clayton. [Continue reading…]

Digital Partners Network claims reporting on its partnership with Crowd1 is defamatory. [Continue reading…]

Despite being only a few months old, Futures Trade is beginning to feel the Ponzi withdrawal crunch.

Hardly surprising when you consider the scam touted a 150% ROI in just 6 days. [Continue reading…]

Following on from the SEC subpoenaing Investview for information on their iGenius opportunity, the company has come out with new compliance documentation.

There is of course no reference to iGenius’ passive returns trading bot. In fact iGenius flat out lies about the offering altogether. [Continue reading…]

Last November GSPartners threatened US-based YouTube channel Grit Grind Gold with a lawsuit.

On December 16th, GSPartners filed a harassment lawsuit against Grit Grind Gold and owner Chris Saunders. [Continue reading…]

EmpiresX has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores.

As per the CNMV’s January 17th warning, EmpiresX [Continue reading…]