The Financial Superintendence of Colombia has issued a fraud warning against Be Rules.

The SFC’s warning cites Be Rules by its multiple names, including Be, Melius and Be Factor. [Continue reading…]

The former head of OneCoin recruitment in Uganda has been arrested.

The Criminal Investigations Department arrested John Mwambusya on January 30th.

Mwambusya stands accused of stealing more than $850,000 from over one thousand Ugandans. [Continue reading…]

Zallevo operates in the nutritional supplement MLM niche. The company provides a corporate address in Utah on its website.

Zallevo provides no ownership or corporate information on its website. To get that information you need to turn to the Zallevo’s marketing documentation.

This reveals Brandon Broadwater cited as Zallevo’s founder and CEO.

On Twitter Broadwater pitches himself as

founder of the MPW Movement, HealthSync Global, a Multi-Million Dollar Real Estate Company, and over a dozen more successful ventures.

HealthSync Global was rebranded as Zallevo in September 2020.

“We’ve done something we can all be proud of,” said Founder and CEO Brandon Broadwater.

“At Zallevo, people will experience results with our innovative formulations, find a rewarding business opportunity, build their legacy, and become a part of a purpose-driven community that is doing something bigger than themselves.”

I couldn’t find a concrete reason for HealthSync Global rebranding.

On LinkedIn Broadwater claims to have founded HealthSync Global in January 2015.

The company held a “Global Official Launch” in May 2019. Not sure what the story is there.

Broadwater doesn’t appear to have a digital footprint prior to 2015.

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

On January 21st Hyperverse announced a partnership with Genaro Network.

Who is Genaro Network?

Some blockchain bro data company nobody’s heard of.

As per an accompanying press-release;

Through this cooperation, both parties will work together to establish metaverse WEB3.0. In the construction of metaverse, decentralized blockchain cloud storage is an integral part of it.

Genaro Network will provide HyperVerse with decentralized encrypted storage service, and furnish users with efficient and safe storage of massive data.

I figured this might be due to Hyperverse being unable to use regular cloud providers because, y’know… the whole Ponzi thing.

Anyway I didn’t report on it because it seemed mostly a logistical announcement with little relevance.

Turns out the actual reason behind the partnership is much more sinister. [Continue reading…]

OmegaPro has received a securities fraud warning from Chile’s Financial Market Commission. [Continue reading…]

OmegaPro has lost its OMP Money shell company license with the FCA for a second time. [Continue reading…]

Yesterday a reader brought to my attention a page on Intelligence Prime Capital.

The page is titled “Regulation” and claims Intelligence Prime Capital is a “heavily licensed and regulated investment firm”.

While that sounds impressive, unfortunately it’s all baloney. [Continue reading…]

Italy’s top financial regulator has declared Corsair Group illegal nationwide.

CONSOB’s declaration follows complaints filed by Italian resident Corsair Group investors, who together lost €440,969 EUR. [Continue reading…]

Ride2Success, which also goes by “R2SInternational”, launched in late 2021.

The company’s website domain (“r2sinternational.com”), was registered on November 14th, 2021.

Heading up Ride2Success is Ariel Sunga (right).

Sunga’s FaceBook profile places him in Manila, Philippines.

Sunga appears to have a history of running Ponzi schemes:

Team Boss Manager touts a passive 270% to 400% ROI. Sunga represents Team Boss Manager has been running since 2016.

Team Boss Manager appears to have collapsed in late 2021. This would make it the precursor for Ride2Success.

On January 13th, the Philippine SEC issued a securities fraud warning against Ride2Success and Ariel Sunga.

This appears to have impacted operation of the scheme. At time of publication Ride2Success’ company website was mostly inaccessible.

Read on for a full review of Ride2Success’ MLM opportunity. [Continue reading…]

Earlier this month a reader reached out with details of a business opportunity run by Bob Schafer.

Update 6th April 2022 – A reader in the comments has let me know Schafer also goes by “Bob Shaffer”.

Bob and Jan Shaffer (his wife) run their scam out of their modest home in upstate New York.

/end update

A pitch of the scheme, which doesn’t have a name, was uploaded to YouTube on March 2019.

In my own research I discovered marketed for Schafer’s scheme dating back to 2018. [Continue reading…]