Payza’s Firoz Patel has been sentenced to 41 months in prison for obstruction (~3 years and 5 months). [Continue reading…]

Wanted fugitive Vladimir “Lado” Okhotnikov has rebranded his collapsed Meta Force Ponzi as Holiverse. [Continue reading…]

Jason Cardiff has been declared a fugitive on the run from US authorities.

The court’s declaration follows a February 4th ex-parte motion from the DOJ, seeking fugitive status and an arrest warrant.

In its February 5th order the court advised “an arrest warrant will issue”. [Continue reading…]

Thailand has cut power, internet and petrol supplies to Chinese scam factories operating near its Myanmar border.

While I’d like to report Thailand is finally acting to address years of rampant financial fraud, unfortunately it’s just trying to protect tourism. [Continue reading…]

Orbitray fails to provide ownership or executive information on its website.

Orbitray’s website domain (“orbitray.cc”), was privately registered on January 13th, 2025.

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…]

CashFlow NFT is dead. In its place we now have Bellator.

Before we get into Bellator, here’s the history of CashFlow NFT leading up to this point:

• CashFlow NFT launches in 2022 pitching an unregistered NFT real-estate investment scheme
• Boogie Gopher Club, another unregistered NFT investment scheme, launches as a CashFlow NFT spinoff
• towards the end of 2023 CashFlow NFT reveals it has purchased MetaTerra, a repurposed US company registered with the SEC
• in early 2024 CashFlow NFT banned its affiliate investors from promoting the company
• in July 2024 CashFlow NFT received a securities fraud warning from New Zealand
• in November 2024 CashFlow NFT launched BG Lifestyle Club, which has now been rebooted as Bellator

As of February 2025;

• CashFlow NFT’s website is still up but has no monthly traffic (SimilarWeb)
• Boogie Gopher Club’s official Twitter page was abandoned in November 2023, Instagram was abandoned in April 2024
• MetaTerra Corp is delinquent in its 10-K filing with the SEC for 2023 (originally due April 1st, 2024)
• MetaTerra Corp’s last financial filing with the SEC was a quarterly report on November 14th, 2023

I’ll leave it up to you to figure out why MetaTerra Corp has been unable to file audited financial reports pertaining to CashFlow NFT and associated companies.

CashFlow NFT was run by former OneCoin Ponzi promoter Micah Theard.

CashFlow NFT is tied to Miracle Cash & More, a company run by Turkish national Hakan Törehan.

Bellator is more of the same with Theard running the show and Törehan and associates hiding in the background.

After stealing a bunch of money through OneCoin, Theard relocated to Cyprus. Törehan has ties to Cyprus and Turkey.

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

In March 2024 the CFTC secured a $64.3 million settlement against EmpiresX’s parent company Empires X Consulting.

I figured that was the end of the case and left it there. Turns out additional judgments against the individuals behind EmpiresX were pending. [Continue reading…]

As disclosed in a February 4th Status Report, a residence turned over to the Fundsz Receiver has been surrendered

in an uninhabitable condition with floorboards removed and garbage, feces, and maggots throughout the house.

As part of her court-ordered duties to recover assets, the Fundz Receiver traced purchase of then defendant Rene Larralde’s $1.9 million Florida residence to stolen investor funds. [Continue reading…]

Following an internal investigation, Argentina’s CNV has acquitted Generation Zoe founder Leonardo Cositorto.

The CNV found that, although Generation Zoe was an MLM crypto Ponzi that defrauded consumers out of $747 million pesos (~$36.1 million USD), Cositorto didn’t “operate with bonds, shares or other negotiable securities”. [Continue reading…]

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

FIS VIP operates from three known website domains:

• vippif.top – privately registered on February 2nd, 2025
• usdpif.com – registered with bogus details on February 2nd, 2025
• fsdlakfj.top – privately registered on February 3rd, 2025

Of note is FIS VIP’s .COM and “fsdlakfj.top” domains being registered through the Chinese registrar Alibaba (Singapore).

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…]