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

Tirus’ website domain (“tirus.ltd”), was first registered in 2016. The private registration was last updated in August 2018.

Tirus’ official FaceBook group has one admin; Vladimir Potapov (right).

Potapov’s own FaceBook profile has no content prior to creation of Tirus’ FaceBook group in 2017.

This flags it as a potentially bogus profile.

In an attempt to appear legitimate, Tirus provides Swiss incorporation documents for Tirus GmbH.

There’s also a corresponding “banking account” document, purportedly providing details of an associated HypoVereinsbank account:

For the purpose of MLM due-diligence, these documents are meaningless. What they do provide us however is the name “Teterin Denis”.

Tirus marketing material cites Denis Teterin and Andrei Zeitsev as co-founders of the company.

Prior to Tirus, Andrei Zeitsev was slinging a Russian real-estate passive investment opportunity.

This appears to be the precursor to Tirus, which was launched on the same marketing pitch.

Earn money by participating in marketing. Become the owner of profitable real estate in Moscow.

Use ready-made tools from the company, invent anything new is not required.

Possibly due to language-barriers, I was unable to ascertain Andrei Zeitsev’s pre-Tirus history.

As per their respective FaceBook profiles, Teterin and Zeitsev are based out of Krasnoyarsk and Moscow.

As opposed to Switzerland (prior to that Tirus operated through a Hong Kong shell company), this would make Tirus a Russian MLM company.

This ties into the bulk of Tirus’ marketing being presented in Russian:

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…]

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

The “team” section of Doxy’s website is populated by fictional names represented by stock photos:

None of these people actually exist.

Doxy’s primary website domain (“doxy.ai”), was privately registered on December 2nd, 2021.

Perusal of Doxy’s website source-code reveals references to two additional Doxy related domains:

Doxy Finance focuses more on Doxy’s DOXY token:

Doxy Exch (Exchange?) is an attempt to associate Doxy with sports betting:

I’ve circled the “website access” link above, as it points to a non-existent app download:

The broken link isn’t of interest but it’s worth noting it is/was hosted on a .IN domain.

This suggests that whoever is actually running Doxy is doing so out of India. Or at the very least Doxy has ties to India.

The Doxy Finance and Doxy Exch domains were both privately registered around the time Doxy AI’s primary domain was registered.

In an attempt to appear legitimate, Doxy provides shell company incorporation certificates for Nigeria, the UK and the US.

There is no verification process attached to basic incorporation. Because of this, scammers routinely incorporate shell companies with bogus information.

For the purpose of MLM due-diligence, basic incorporation in any jurisdiction 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…]

Following ongoing withdrawal issues over the past few months, Intelligence Prime Capital has initiated its exit-scam.

Intelligence Prime Capital investors in the US, Malaysia and Singapore, have been advised their accounts will be shut down. [Continue reading…]

Scammers behind the collapsed Kripto Future Ponzi scheme are pitching a reboot.

The reboot is being dubbed “Kritpto Future 2.0”. The announced launch date is less than 24 hours away. [Continue reading…]

The Generation Zoe saga continues with Maximiliano Batista’s arrest in Argentina.

With his political persecution excuses falling flat, founder Leonardo Corsitorto is now hiding behind religion. [Continue reading…]

OmegaPro has received a securities fraud warning from Mauritius’ Financial Services Commission. [Continue reading…]

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

Degen Protocol’s website domain (“degenprotocol.io”), was privately registered on November 11th, 2021.

A YouTube link provided on Degen Protocol’s website takes us to a channel belonging to “Crypto Black Sheep”.

Crypto Black Sheep is the alias of Christopher Mason.

According to his LinkedIn profile Mason sees himself as a musician. Before becoming a crypto bro, Mason worked as an assembly line worker.

A due-diligence document, put together by someone with far more patience for blockchain bullshit than myself, names “Shane M” as Degen Protocol’s other co-founder.

Shane appears on Mason’s “The Blacksheep Show” YouTube videos as “Island Boy Shane”.

According to the document, both Mason and Shane M are based out of Las Vegas, Nevada in the US.

The document goes into specific detail about who the early adopters and promoters of Degen Protocol are.

There are a number of familiar faces, some of whom have a history of association with documented MLM Ponzi schemes.

As to the founding of Degen Protocol, this part of the document is of interest:

Flow I’m not familiar with but TronChain and Drip Network are both Ponzi schemes.

We learn here that Degen Protocol is a spinoff of Drip Network. A continuation of crypto Ponzi fraud that seems to date back a number of years.

For reference “clovercrypto” referenced above is Calen Powell (right).  Powell was a top promoter and earner in the BitConnect Ponzi scheme.

Powell was in southeast Asia during BitConnect’s run. After the multi-billion Ponzi collapsed, Powell fled to South America.

The DOJ has begun indicted BitConnect insiders. The SEC has sued several top promoters.

In 2018 Powell was picked up and interrogated by the FBI. Whether he’s currently a person of interest to US authorities is unclear.

Powell is currently in Peru. He periodically uploads crypto videos to his “Clover Crypto” YouTube channel.

In summary, Degen Protocol was founded by serial crypto Ponzi scammers based out of the US. Early Degen Protocol adopters and promoters are also serial Ponzi scammers.

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

A visit to BNBSmartPool’s website reveals the original version of the scheme collapsed.

BNBSmartPool 2.0 promises “this time we’ll do this right”.

BNBSmartPool fails to provide company ownership or executive information on its website.

BNBSmartPool’s website domain (“bnbsmartpool.com”), was privately registered on January 15th, 2022.

BNBSmartPool’s official FaceBook page is managed from the Philippines. This strongly suggests whoever is running BNBSmartPool is based out of the Philippines.

The US is another possibility (Philippine support staff to manage the FaceBook page), as Alexa ranks the US as the top source of traffic to BNBSmartPool’s website (35%).

The second and third largest sources of traffic are India (24%) and Canada (13%) respectively.

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…]

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

128 BTC’s website domain (“128btc.org”), was privately registered on May 5th, 2021.

On FaceBook 128 BTC represents it is based out of Boston, Massachusetts. I wasn’t able to independently verify this.

Marketing videos on 128 BTC”s official YouTube channel are primarily testimonials from India and Africa.

This strongly suggests whoever is running 128 BTC is based out of Africa and/or India.

Curiously, Alexa ranks the US as the top source of traffic to 128 BTC’s website domain (68%).

This suggests 128 BTC affiliates in India and Africa are now profiting from recruitment in the US.

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…]

On December 30th the TelexFree class-action plaintiffs filed their fifth amended complaint.

I didn’t cover it because the only change was a bunch of defendants were added – most of which are banks and payment processors. The complaint itself has blown out to two hundred and eighty-four pages.

As a result of this the TelexFree class-action docket has become quite busy. In order to keep track of developments I thought we’d revisit the class-action and see where it’s at. [Continue reading…]