Thailand’s Anti-Money Laundering Office has seized OneCoin related assets belonging to Sebastian Greenwood.

AMLO claims to have seized gold bullion and funds held in two bank accounts. [Continue reading…]

Lyoness has received another cease and desist from the Norwegian Lottery Board. [Continue reading…]

CBI Global has collapsed for a third time, marking owner Coenie Botha’ fourth Ponzi collapse.

Rather than just admit he’s spend invested funds, Botha is sticking to his regulatory coverup. [Continue reading…]

COTP stands for “Cryptos OTC Trading Platform”. It’s an MLM company that operates in the crypto niche.

COTP provides no credible company ownership or executive information on its website.

Instead COTP provides made-up executives represented by stock photos:

Despite COTP’s CEO being “Jane Jenny” above, COTP’s sole marketing video presents another CEO actor:

COTP can’t seem to get their lies straight though. Dariush’s script calls for him to introduce himself as COTP’s “Technical Director”.

In an attempt to appear legitimate, COTP provides a FINCEN certificate for an MSB registration.

These are typically applied for by offshore scammers using bogus details. In this case COTP has used a shell company incorporation in Colorado.

Cryptos OTC Trading Platform was incorporated with bogus details on 14th October, 2021.

For reference, Feng Yan is cited as the company owner. This person likely doesn’t exist.

The address used to incorporate COTP in Colorado, which also appears on their MSB registration, belongs to an unrelated mail forwarding service (i.e. virtual address).

For the purpose of MLM due-diligence, basic incorporation and anything from FINCEN is meaningless.

Perusal of COTP’s website source-code reveals the site is designed with Chinese in mind:

This strongly suggests whoever is running COTP is based out of or, at the very least, has ties to China or a neighbouring country.

Alexa currently ranks the US as the only notable source of traffic to COTP’s website (25%).

COTP runs two websites on the domains “cotps.com” and “cotps.net”.

COTP’s .COM domain was first registered back in 2019. The domain was purchased by its current owner(s) on February 8th, 2022.

COTP’s .NET domain was first registered on October 2nd, 2021. The registration was last updated with an incomplete address in Singapore on February 9th, 2022.

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…]

Ultron is being launched as part of Givvo. The roll-out is a bit strange.

Ultron is being launched as a stand-alone opportunity, originally hosted off Givvo’s website:

That subdomain was working up until recently. It’s now been disabled.

As far as I can tell, Givvo currently doesn’t have a standalone web presence. Nonetheless we know it’s tied to Givvo.

Givvo promises to “change the fact that 99% of people never win at life?”

GIVVO’s main idea came from a simple wish; how to fulfill everyone’s deepest desires and at the same time make the world better.

Givvo presents itself as a donations platform for undisclosed “humanitarian organizations”.

Through the “Donations Campaign,” GIVVO raises money for one of the partnered licensed Humanitarian Organizations.

When the campaign is finished, we will present how this organization used donated money.

Givvo is essentially an ecommerce platform with a donation backend. You buy products on their platform and receive “donation points”. Donation points are put into pre-organized campaigns.

I believe all Givvo are doing is funneling what would otherwise be customer cashback into donations.

Attached to Givvo is a referral income opportunity:

Alexa currently ranks traffic to Givvo’s website at 2.8 million. This isn’t much.

As to who’s running Givvo, and by extension Ultron, no company ownership details are provided.

In the “campaign rules” section of Givvo’s website, it represents it is being run through the UK shell company Prizer22 LTD.

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.

Givvo’s official FaceBook page is managed from Slovakia and Slovenia. This is in line with the company’s ecommerce platform operating in euros.

In September 2021 Givvo uploaded an event video to their YouTube channel:

The guy in the video is Matej Cifra, a YouTuber from Slovakia. Cifra runs the YouTube channel Sajfa.

I wasn’t able to confirm how involved in Cifra is in Givvo or Ultron.

Cifra led me to someone I can confirm is heavily involved in Givvo, Tobias Sukenik.

In 2019 Sukenik co-founded TBF International, a CBD MLM company. In 2020 TBF International was sold off to Kannaway.

In the BusinessForHome article linked above, TBF International’s other co-founders are identified as Michal Kyselica and Michal Prazenica

Kyselica seems to have moved on…

Update 25th March 2022 – Michal Kyselica has been in touch to confirm he has nothing to do with Ultron or Givvo. /end update

…but on LinkedIn, Michal Prazenica identifies himself as CEO of Givvo.

In 2018, prior to co-founding TBF International, a BehindMLM reader tied Sukenik and Prazenica to the BeReal Estate Ponzi scheme.

I realized here that I could have saved myself a bit of time as another reader, (comment #27), had already identified Sukenik and Prazenica with respect to Givvo.

That was in October 2021. Details of Givvo’s business model weren’t available so I wasn’t able to publish a review.

Yet another reader recently reached out to me requesting a Givvo/Ultron review. This time I was able to oblige.

According to their respective social media profiles, both Tobias Sukenik and Michal Prazenica are based out of Dubai.

Due to limited extradition treaties and non-existent regulation of MLM related securities fraud, Dubai provides a safe-haven for scammers.

BehindMLM considers Dubai to be the MLM scam capital of the world. Any MLM company that is based out of Dubai, or has executives based there, raises automatic red flags.

Givvo and Ultron’s business operations appear to be spread between Dubai, Slovakia and Slovenia.

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 founder Leonardo Cositorto has turned up at a Colombian political rally.

Which is kinda strange, as Costitorto is purportedly wanted on an international arrest warrant issued through Interpol. [Continue reading…]

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

MultiTrade Global appears to operate at least two domains, “multitrade-global.cc” and “multi-trade-global.org”.

Up until very recently the .ORG website was available. Today it returns the following maintenance message:

The .CC website is still available but it’s mostly in Russian.

In an attempt to appear legitimate, MultiTrade Global provides UK incorporation details:

Our team has been trading since 2015. Multitrade Global LTD, as an officially registered legal entity in the UK under the number 13700888, is considered to be established in 2021.

That incorporation number corresponds with MultiTrade Global LTD, incorporated on October 25th, 2021.

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 opposed to the UK, it’s pretty obvious MultiTrade Global has ties to Russia.

In addition to featuring Russian as a website language, MultiTrade Global’s website features an “Alikassa” button.

Alikassa is a Russian payment processor:

MultiTrade’s official YouTube channel is also pretty obvious:

Alexa ranks Russia as the top source of traffic to MultiTrade Global’s .CC website (33%), ahead of Vietnam (18%) and Ukraine (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…]

Former Investview CEO Joseph Cammarata was caught trying to flee the US.

Consequently Cammarata has had his bond revoked and is back in prison. [Continue reading…]

Police have arrested two Generation Zoe executives operating out of Spain.

Daniel Paterna worked as President of Generation Zoe for Europe. His brother, Camilo, was General Manager of Generation Zoe’s Spanish office.

A third unnamed Generation Zoe worked as the Ponzi scheme’s treasurer. [Continue reading…]

CoopCrowd identifies David T Rosen as its founder.

Our founder David T Rosen created the world’s first global crowdfunding system, 5 Star Exchange in March 2001, and we have been successfully delivering great crowdfunding systems without interruption around the globe for two decades.

Rosen, a Canadian resident, refers to cash gifting as crowdfunding.

Rosen first popped up on BehindMLM’s radar in 2015, as founder of the PIE 24/7 pyramid scheme.

In early 2018 Rosen launched Cooperative Crowdfunding, a matrix-based gifting scheme. This was followed by 50/50 Crowdfunding in late 2018.

In late 2019 Rosen rebooted 50/50 Crowdfunding as CoopCrowd.

After the first iteration of CoopCrowd collapsed, Rosen launched Coop5050 in late 2020.

Coop5050 began to collapse in late 2021, prompting Rosen to announce a CoopCrowd reboot.

To keep things simple we’ll refer to the CoopCrowd reboot as “CoopCrowd 2022”.

Read on for a full review of CoopCrowd 2022’s MLM opportunity. [Continue reading…]