CashFX Group has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV). [Continue reading…]

Kangot has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV). [Continue reading…]

Mido Finance has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV). [Continue reading…]

Intelligence Prime Capital has received a securities fraud warning from the Central Bank of Russia. [Continue reading…]

Intelligence Prime Capital provides no information on its website about who owns or runs the company.

Intelligence Prime Capital also goes by the company names IPC Trade and IPCapital.

Intelligence Prime Capital’s website domain (“iprimecapital.com”), was registered with bogus details on June 8th, 2021.

Shortly after launch, a video titled “Meet the CMO of IPCapital” was uploaded to Intelligence Prime Capital’s official YouTube channel.

The video features a “Dr. Val Ng Sh”, who claims to be Intelligence Prime Capital’s Chief Marketing Officer:

Outside of Intelligence Prime Capital’s marketing videos, Val Ng exists only in a LinkedIn profile for Val Ng See Huat.

Purportedly Ng is based out of Singapore, but the LinkedIn profile could have been created as Intelligence Prime Capital marketing.

Ng’s Intelligence Prime Capital videos are your typical Boris CEO setting. Rented office space, desk props and company mugs and flags.

Oh and for some reason Ng is dressed in a bow tie dinner suit. Hardly convincing.

Intelligence Prime Capital’s other named executive is featured in the company’s official marketing presentation:

Despite a claimed “more than 25 years of experience in international financing, system development, public-private partnerships and policy dialogue”, Stefan doesn’t exist outside of IPCapital marketing.

The reason for this is because, like Val Ng, Walter Stefan is played by an actor.

If I can direct your attention to this paragraph in Stefan’s made-up Intelligence Prime Capital corporate bio:

He used to serve as the Vice President of the European Central Bank (ECB) and was in charge of policy and partnerships.

There is a Stefan Walter who works/worked at the ECB. Here’s what he looks like:

Like I said, Intelligence Prime Capital’s Walter Stefan is an actor.

I believe the name order bungle can be attributed to the common practice in Asia of reversing a name when westernized.

Of further note is Intelligence Prime Capital’s official PDF files were created back at launch by “Vincent Yau”.

I wasn’t able to find any additional information on this individual in connection to Intelligence Prime Capital.

Despite not existing until a few months ago, on its website Intelligence Prime Capital claims its been “leading the way in online trading for 15 years”.

At time of publication, Alexa ranks top sources of traffic to Intelligence Prime Capital’s website as Nigeria (21%), the US (21%) and Mexico (17%).

Update 27th December 2021 – The Central Bank of Russia has issued an Intelligence Prime Capital securities fraud warning. /end update

Update 31st January 2022 – Intelligence Prime Capital represents it has registered with financial regulators in multiple jurisdictions.

BehindMLM has analyzed these claims and debunked them as bogus. /end update

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…]

Ganancias Deportivas is a Spanish-language MLM company.

Affiliates marketing Ganacias Deportivas pitch a 20% monthly ROI, in addition to recruitment commissions.

Over the past few months, Ganancias Deportivas has received securities fraud warnings from both Spain and Italy. [Continue reading…]

Mining City is claiming 20,000 affiliates have regained access to withdrawals.

Firstly I’d be surprised if Mining City actually had 20,000 active investors left.

Secondly Mining City’s social media accounts remain flooded with claims of withdrawal problems.

The claim that 20,000 Mining City investors are able to withdraw doesn’t add up. [Continue reading…]

Following a month of withdrawal problems plaguing its MOF and HDAO tokens, Hyperverse launched HVT token.

Within 24 hours HVT token withdrawals were also disabled. [Continue reading…]

The “mastermind” behind OneCoin recruitment in Thailand has been arrested, again.

Mana Jumuang (aka Mr. Kay), was first arrested on charges of fraud in 2019. [Continue reading…]

ACN is planning to take their motion to compel arbitration to the Supreme Court.

In the meantime the company requested the Supreme Court stay District Court proceedings, pending the outcome of their writ of certiorari. [Continue reading…]