Eighteen TelexFree “victims” have won the right to “challenge the accuracy of TelexFree’s records”.

It’s a bit of an odd decision, seeing as the “victims” have had plenty of time to prove their claims. [Continue reading…]

Nepal’s top financial regulator has issued an illegality warning against Crowd1, HyperFund and Solmax Global. [Continue reading…]

Meta Bounty Hunters provides no information on its website about who owns or runs the company.

Meta Bounty Hunters’ website domain (“metabountyhunters.io”), was privately registered on November 30th, 2021.

In the FAQ section of Meta Bounty Hunters’ website, we learn

MBH Community has secured an exclusive agreement with Calli.Finance, a digital asset staking pool company.

Calli.Finance is currently nothing more than a password protected website:

With a bit of poking around we learn Calli.Finance is an off-the-shelf website template.

The template is called “DeFi X” and was “was designed & developed by the team of Webflow Experts at BRIX Agency.”

Calli Finance’s website source-code also points to “The Startup Kit”:

The Startup Kit is a dead digital marketing business. On LinkedIn Matthew F. Greene (aka Matt Greene), cites himself as President of The Startup Kit.

Greene also claims to be a Platinum 5000 in IM Mastery Academy. He signed up in 2016.

Getting back to Calli Finance, the company’s website domain was privately registered on December 12th, 2021.

Given the proximity to registration of Meta Bounty Hunters’ domain, and there obviously being no existing business, it follows that the same people are behind both.

Meta Bounty Hunters herds its affiliates into a discord group, which serves as the company’s official channel of communication.

Update 2nd February 2022 – It is increasingly looking like Meta Bounty Hunters is an iBuumerang spinoff.

This would tie Holton Buggs to Meta Bounty Hunters’ ownership. /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…]

BizzTrade is the third Ponzi reboot from serial scammers Rehan Gohar, Rizwan Gohar (brothers) and Gurpreet Dhaliwal.

The Gohars and Dhaliwal launched BizzTrek under the guise of it being an Amazon competitor.

In reality BizzTrek was a short-lived pyramid scheme.

In mid 2020 BizzTrek was rebooted as BizzTrade, a Ponzi scheme attached to BizzCoin.

The Gohars and Dhaliwal solicited €50 to €25,000 investment into their shitcoin, on the usual “we’re gonna be the next bitcoin!” nonsense.

BizzCoin began to fall apart in late 2020. Most of 2021 was spent coming up with excuses why BizzCoin’s public trading value was in the toilet.

In December 2021 the plug was finally pulled on BizzCoin. The Gohars and Dhaliwal weren’t done scamming people though.

BizzTrade Pro was announced, marking the third BizzTrek reboot. [Continue reading…]

Zeus’ Bounty provides no information on its website about who owns or runs the company.

Zeus Bounty does however claim its admin team has “100 years of combined business experience (with) 100+ crypto scams”.

If you want company ownership information, you have to watch Zeus’ Bounty’s embedded marketing video.

In the video Tim Bentley crediting himself as “the creator of Zeus’ Bounty”.

According to his FaceBook profile, Bentley is based out of Colorado in the US.

Prior to founding Zeus’ Bounty, Bentley was promoting iHub Global.

Bentley appears to have reinvented himself as a crypto bro circa 2015.

Zeus’ Bounty’s website represents the company has four admins.

Bentley identifies them as Nicole (his wife), Nico (his son) and Raaj Menon.

According to his LinkedIn profile, Raaj Menon is a web and crypto bro dev from South Australia.

Whether Menon has an MLM history is unclear.

Update 7th February 2022 – As revealed by Daniel Toth in the comments below, Raaj Menon is behind the “Crypto Passive” YouTube channel:

Menon has used Crypto Passive to promote one crypto scam after another over the past eleven months. /end update

Zeus’ Bounty’s website domain (“zeusesbounty.com”), was privately registered on October 22nd, 2021.

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

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

The only point of contact provided is a shady Telegram group. The admin of Introax’s Telegram group is someone going by the alias “Steve Law”.

Introax has a YouTube channel, on which there’s one official marketing video. It’s a stock footage with voiceover affair typical of MLM scams.

Introax’s website domain (“introax.com”), was privately registered on January 6th, 2022.

In an attempt to appear legitimate, Introax provides a UK incorporation certificate for Introax LTD.

Introax LTD was incorporated on January 18th, 2022.

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…]

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

The company claims to be a “Spanish-speaking platform”. Generation Zoe’s website footer states the project was “created by Fidubit in Colombia”.

Fidubit appears to be incorporated in Colombia as Fidubit SAS.

According to Dun & Bradstreet, Fidubit

is located in MEDELLIN, Antioquia, Colombia and is part of the Computer Systems Design and Related Services Industry. FIDUBIT S A S has 3 total employees.

Heading up Fidubit and by proxy Generation Zoe, is Jhooana Tatiana Carvajal Muneton and Adrian Herrera Villota.

The only thing I was able to find on these individuals is an abandoned FaceBook account belonging to Villota (right).

Villota appears to have tried his hand at freelance marketing prior to landing at Fidubit.

On the regulatory front Generation Zoe has attracted the attention of multiple South American regulators.

Press Coaching reports there have been securities fraud raids in Paraguay. The National Securities Commissions considers Generation Zoe to be a “pyramid scam”.

Argentinian authorities have also issued a Generation Zoe securities fraud warning.

Generation Zoe’s regulatory troubles led me to an article by 24 Hours World, in which Leonardo Cositorto is cited as Generation Zoe’s founder.

Prior to Generation Zoe, Cositorto appears to have been marketing himself as a professional coach.

I was unable to establish whether Cositorto has an MLM history.

In response to South American regulators cracking down on Generation Zoe, Cositoro stated because it’s “a private investment, the trust it totally legal”.

This is of course baloney. Anyone can sign up as a Generation Zoe affiliate, it is the opposite of private.

Cositoro also trots out the cliched “we’re not a pyramid scheme because we haven’t collapsed yet” defense.

As I understand regulatory investigations into Generation Zoe are ongoing.

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…]

Futures Trade has announced a “regulators!” exit-scam.

The move comes hours after BehindMLM outed owner “Dylan Carnell” as UK resident Daniel Clayton. [Continue reading…]

South Africa’s legal system continues to shield Mirror Trading International scammers.

The latest has seen requested second depositions of suspected owners Clynton and Cheri Marks denied. The same has been denied for the Ponzi scheme’s top earners. [Continue reading…]

Shortly after BehindMLM’s Futures Trade review went live, we received a tip about CEO Dylan Carnell.

My own suspicions were roused with Carnell’s FaceBook account. Content dates back to 2015 but is sparse and was only recently published.

This is typical of a nuked account or one that was bought and repurposed.

The name of the account was “DylanFutures”, which is also odd because Futures Trade only launched in late 2021.

Dylan Carnell also has no digital footprint outside of Futures Trade marketing.

Turns out my initial suspicions was justified. Today BehindMLM can confirm Dylan Carnell’s actual name is Daniel Clayton. [Continue reading…]