Two HyperFund promoters have been arrested in Nepal.

The Central Investigation Bureau made two arrests over the past week; Nanu Ghumire (aka Kajal) of Laitpur earlier in the week, and Srikant Bhandari of Rukum on Wednesday. [Continue reading…]

Scammers behind the collapsed Rolvi Trading Ponzi scheme have rebooted as US-Atrade.

US-Atrade operates from the domain “us-atrade.com”, privately registered on July 7th, 2023. [Continue reading…]

Bitget Quantify fails to provide ownership or executive information on its website.

Bitget Quantify has two known website domains:

• bitgetquantify.com – privately registered on May 11th, 2024
• bitgetquantify.net – privately registered on May 11th, 2024

Of note is both of Bitget Quantify’s domains being registered through the Chinese registrar Alibaba (Singapore).

Despite only existing for a few months, on its website BitGet Quantify falsely claims it was “founded in 2013”.

Also in an attempt to appear legitimate, BitGet provides doctored Capital Markets Group, Accounting and Corporate Regulatory Authority and Bitget Investments certificates on its website.

We know these are doctored certificates because they are backdated to 2018 and 2013 respectively (Bitget Quantify isn’t even a month old).

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…]

QuantGuard operates in the cryptocurrency MLM niche.

The company is purportedly headed by founder and CEO Dragan Milanovic.

Milanovic doesn’t exist outside of QuantGuard marketing, which includes a bogus FaceBook profile with backdated posts:

This is indicative of a purchased or newly created FaceBook account. From the “profile picture” post, which isn’t backdated, we can assume the account was purchased/repurposed in late April 2024.

Dragan Milanovic not having an actual digital footprint makes him a prime Boris CEO candidate.

Boris CEO MLM schemes, where executives are played by actors, are typically run by Russian scammers.

QuantGuard’s website domain (“quantguard.ai”), was privately registered on an unknown date (the .AI domain registration manager hides this information).

The only information disclosed with respect to QuantGuard’s domain is “Walid Abrahim” as the regsistrant’s organization, and UAE as the registrant’s country.

This could be bogus info but could also tie QuantGuard to Dubai, the MLM crime capital of the world.

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…]

Toni Vanschoyck claims she’s a founding Monat distributor who owns “founder shares”.

Having been with Monat for “more than a decade”, Vanschoyck also claims she’s worked directly with founders Rayner and Luis Urdaneta, and sits atop a “large and robust” downline.

After watching her commissions drop 75% over two years, Vanschoyck claims she was terminated in May 2024 for asking questions. [Continue reading…]

Following the collapse of its short-lived IN8 NFT Ponzi scheme, iX Global has tripled down on securities fraud with CloudX.

In a nutshell, iX Global’s CloudX is a variation of the “node positions” model, except blockchain has been swapped out for web hosting. [Continue reading…]

At a June 12th hearing held after Qyral secured an ex-parte Temporary Restraining Order (TRO) against Ellie MD, the parties have agreed on new terms.

The new terms, part of a yet to be confirmed superseding TRO, allow Ellie MD to recommence business operations and compete against Qyral. [Continue reading…]

Computer USDT fails to provide ownership or executive information on its website.

Computer USDT’s website domain (“computerusdt.com”), was registered with bogus details on May 29th, 2024.

Of note is Computer USDT’s website domain being registered through the Chinese registrar Alibaba (Singapore).

Computer USDT has already attracted the attention of financial regulators. The Central Bank of Russia issued a Computer USDT pyramid fraud warning on June 4th, 2024.

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…]

A May 1st report from India’s Directorate of Enforcement has provided insight into the ongoing fraud investigation into iX Global and CEO Joseph Martinez. [Continue reading…]

Following a brief disclosure and coverup back in February, My Daily Choice has now officially confirmed a data breach affecting 89,188 people. [Continue reading…]