The TLC Trading Ponzi scheme has collapsed.

As of August 7th, 2024, withdrawals have been disabled for just over a week. [Continue reading…]

The Polivera Ponzi scheme has collapsed.

As at time of publication, Polivera has disabled its website: [Continue reading…]

CFX Legacy has been added to the UK’s CashFX Group securities fraud warning.

CFX Legacy, operating from the domain “cfxlegacy.com”, emerged as a CashFX Group Ponzi spinoff mid 2023. [Continue reading…]

We Are All Satoshi and Boomerang Trade have received fraud warnings from New Zealand’s Financial Markets Authority (FMA).

In two published August 7th warnings, the FMA warns that We Are All Satoshi and Boomerang Trade are [Continue reading…]

Walmart Store fails to provide ownership or executive information on its website.

Walmart Store’s website domain (“walmart-store.cc”), was registered with bogus details on July 8th, 2024.

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

Walmart Store has already attracted the attention of financial regulators. The Central Bank of Russia issued a Walmart Store pyramid fraud warning on August 1st, 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…]

Robert William Shafer has settled Blueprint to Wealth fraud charges with the FTC.

As part of his filed August 2nd settlement, Shafer will be held jointly liable for $7.5 million.

Other conditions imposed on Shafer include: [Continue reading…]

My Business Feeder Program fails to provide ownership or executive information on its website.

My Business Feeder Program’s website domain (“mybusinessfeederprogram.com”), was privately registered on April 28th, 2024.

Two marketing videos on My Business Feeder Program’s website are unlisted videos hosted on a YouTube channel bearing the name “Steve Sexton”.

Sexton appears to be from the UK. A listed video on Sexton’s YouTube channel from 2022 reveals promotion of 7 Dollar Club:

7 Dollar Club, which has long-since collapsed, was a matrix-based pyramid scheme.

A more recent video on Sexton’s channel features Property Robots 3D co-founder Adam Ahmed.

Property Robots 3D was a spinoff of Ahmed’s earlier Camhirst 3DCP Ponzi scheme. A visit to Property Robots’ 3D’s website reveals it’s been pulled.

This suggests the Ponzi scheme has collapsed.

Between 7 Dollar Club and Property Robots 3D, we can conclude Steve Sexton is a serial promoter of fraudulent MLM schemes.

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…]

Following the collapse of its original TAS Vault scheme, Auratus has rebooted with Zai Cards.

Details of Auratus’ new Zai Card investment scheme were revealed on a secret August 5th webinar hosted by Annie Starky. [Continue reading…]

Gas Station VIP fails to provide ownership or executive information on its website.

Gas Station VIP’s website domain (“gas-station.vip”), was privately registered on July 15th, 2024.

Gas Station VIP has already attracted the attention of financial regulators. The Central Bank of Russia issued a Gas Station VIP pyramid fraud warning on July 30th, 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…]

Skainet Systems fails to provide ownership or executive information on its website.

Skainet Systems’ website domain (“skainetsystems.com”), was privately registered on April 9th, 2024.

Courtesy of internal marketing, one name we can attach to Skainet Systems is Michael Baur.

As above, Baur is Skainet Systems’ Chief Marketing Officer. I’ve also seen Baur credited as Skainet Systems’ “CEO of South America”.

In 2019 a BehindMLM reader tied Baur to the CMMT Revolution Ponzi scheme. In August 2022, another BehindMLM reader tied Baur to the collapsed PLC Ultima series of Ponzi schemes.

Baur’s name also led me to this FaceBook post from serial MLM Ponzi promoter Christof Torck:

According to Torck, his “partner in crime” Lee Oshea recently held a Skainet Systems meeting with Baur in Dubai.

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.

BehindMLM’s guidelines for Dubai are:

1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
2. If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

If you want to know specifically how this applies to Skainet Systems, read on for a full review. [Continue reading…]