Arm Trade, or Advanced Robotic Management Trade, fails to provide ownership or executive information on its website.

Arm Trade’s website domain (“armtrades.com”), was privately registered on June 27th, 2023.

Of note is Arm Trade citing “Dubai Time Zone” in their marketing material:

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.

BehindMLM’s guidelines for Dubai are:

1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
2. If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

If you want to know specifically how this applies to Arm Trade, read on for a full review. [Continue reading…]

Alex Dee has pled guilty to one count of conspiracy to commit wire fraud.

Dee’s guilty plea was entered on July 30th. Sentencing, including restitution is to be scheduled at a later date. [Continue reading…]

SKGTP AI fails to provide ownership or executive information on its website.

SKGTP AI’s website domain (“skgtp-ai.com”), was registered with bogus details on July 27th, 2024.

Of note is SKGTP AI’s website domain being registered through the Chinese registrar Alibaba (Singapore).

In an attempt to appear legitimate, SKGTP AI offers up this nonsensical certificate:

Putting aside the certificate is doctored, I have no idea what it’s supposed to signify.

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…]

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

TrendBow’s website domain (“trendbow.com”), was privately registered on July 5th, 2023.

As of June 2024, SimilarWeb tracked top sources of traffic to TrendBow’s website as the Dominican Republic (23%), Russia (22%), Germany (20%) and Ukraine (6%).

While not definitive, whoever is running TrendBow probably has ties to one of those countries.

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…]

TRX Money fails to provide ownership or executive information on its website.

TRX Money has two known website domains; “trx.money” and “trx.plus”. Both domains were privately registered on July 15th, 2024.

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…]

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

HedgeCircuit’s website domain (“hedgecircuit.com”), was privately registered on February 4th, 2024.

Despite only existing for a few months, on its website HedgeCircuit falsely claims it was “founded in 2022” and has “10 years consulting experience”.

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…]

AI Make USDT fails to provide ownership or executive information on its website.

AI Make USDT’s website domain (“aimakeusdt.net”), was registered with bogus details on July 11th, 2024.

Of note is AI Make USDT’s website domain being registered through the Chinese registrar Alibaba (Singapore).

AI Make USDT has already attracted the attention of financial regulators. The Central Bank of Russia issued an AI Make USDT pyramid fraud warning on July 23rd, 2024.

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…]

WesFamer Crypto fails to provide ownership or executive information on their website.

WesFamer Crypto’s website domain (“wesfamer-crypto.net”), was first registered in June 2022. The private registration was last updated on June 1st, 2024.

In an attempt to appear legitimate, WesFamer Crypto claims it’s “a private company incorporated in Australia”.

A search on the Australian government’s website reveals no company bearing the name WesFamer Crypto exists.

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…]

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

AI Gemini VIP’s website domain (“ai-gemini.vip”), was registered with bogus details on July 16th, 2024.

Of note is AI Gemini VIP’s website domain being registered through the Chinese registrar Alibaba (Singapore).

AI Gemini VIP has already attracted the attention of financial regulators. The Central Bank of Russia issued a AI Gemini VIP pyramid fraud warning on July 22nd, 2024.

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…]

Nimble Finance outright provides false executive information on its website.

Characterized as founder, and CFO of Nimble Finance are My Daily Choice co-founders Josh and Jenna Zwagil.

Neither My Daily Choice, Josh or Jenna Zwagil have anything to do with Nimble Finance.

Nimble Finance’s website domain (“nimble-finance.org”), was registered with bogus details on October 15th, 2023.

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…]