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

Artistic Universal’s website domain (“artisticuniversal.com”), was privately registered on October 3rd, 2021.

Artistic Universal claims it’s a “New Zealand based advanced program”.

We’re not sure what an “advanced program” is, but there’s no evidence to support Artistic Universal’s claimed ties to New Zealand.

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…]

He looks like a Boris CEO. He sounds like a Boris CEO. But OneCoin’s latest executive appointment isn’t a Boris CEO.

Following in the footsteps of his predecessors, Ventsislav Zlatkov is more of a puppet CEO. [Continue reading…]

Xifra Lifestyle founder Jonathan Yemelian Sifuentes was arrested earlier this week by Mexican authorities.

Quoting local media, CVBJ reports Sifuentes was arrested

in the company of about nine bodyguards, with long weapons and hundreds of thousands of Mexican pesos in cash.

Uh yeah, MLM is a bit different in Mexico. [Continue reading…]

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

CryptoCoin Share’s website domain “cryptocoinshare.uk”, was registered on September 24th, 2020.

The private domain registration was last updated on October 11th, 2021.

Perusal of the Wayback Machine reveals CryptoCoin Share’s website went live in November 2021.

This suggests the current owners took possession of the domain in October 2021.

Despite only existing as of a few months ago, on its website CryptoCoin Share falsely represents it has been running for 6210 days (~17 years).

In an attempt to appear legitimate, CryptoCoin Share provides UK incorporation details for Trimax Limited.

Whether this company has anything to do with CryptoCoin Share is unclear.

In any event, 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…]

US Business World LLC has dropped its JD Coin pump and dump scheme.

In its place is VOZ Coin. [Continue reading…]

Aubit has dropped its name.

In an announcement made on January 3rd, the Ponzi scheme revealed it will go by “Freeway”. [Continue reading…]

Today we take a look inside the EmpiresX Ponzi scheme.

Who’s running it? From where? How much have they stolen? And who are EmpiresX’s top earners? [Continue reading…]

A UK bank has frozen a Hyperverse promoter’s account on suspicion of fraud. [Continue reading…]

The SEC has revealed it bungled service on BitConnect defendant Craig Grant. [Continue reading…]

An SEC filing has revealed BitConnect founder Satish Kumbhani has fled India. [Continue reading…]