CryptoCoin Share Review: 200% every 48 hrs Ponzi scheme
CryptoCoin Share provides no information on its website about who owns or runs the company.
CryptoCoin Share’s website domain “cryptocoinshare.uk”, was registered on September 24th, 2020.
The private domain registration was last updated on October 11th, 2021.
Perusal of the Wayback Machine reveals CryptoCoin Share’s website went live in November 2021.
This suggests the current owners took possession of the domain in October 2021.
Despite only existing as of a few months ago, on its website CryptoCoin Share falsely represents it has been running for 6210 days (~17 years).
In an attempt to appear legitimate, CryptoCoin Share provides UK incorporation details for Trimax Limited.
Whether this company has anything to do with CryptoCoin Share is unclear.
In any event, 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…]
US Business World LLC drops JD Coin, reboots with VOZ Coin
US Business World LLC has dropped its JD Coin pump and dump scheme.
In its place is VOZ Coin. [Continue reading…]
Aubit Ponzi scheme rebrands as Freeway
Aubit has dropped its name.
In an announcement made on January 3rd, the Ponzi scheme revealed it will go by “Freeway”. [Continue reading…]
Data leak provides insight into $60M+ EmpiresX Ponzi
Today we take a look inside the EmpiresX Ponzi scheme.
Who’s running it? From where? How much have they stolen? And who are EmpiresX’s top earners? [Continue reading…]
UK bank freezes Hyperverse investor’s account
A UK bank has frozen a Hyperverse promoter’s account on suspicion of fraud. [Continue reading…]
SEC bungles service on Craig Grant in Jamaica
The SEC has revealed it bungled service on BitConnect defendant Craig Grant. [Continue reading…]
BitConnect founder Satish Kumbhani flees India, on the run
An SEC filing has revealed BitConnect founder Satish Kumbhani has fled India. [Continue reading…]
Glenn Arcaro settles BitConnect fraud with SEC
Glenn Arcaro and his company Future Money have settled BitConnect fraud charges with the SEC. [Continue reading…]
Johann Steynberg spent 2021 banging a Brazilian mistress
Following Mirror Trading International’s collapse in late 2020, CEO Johann Steynberg fled South Africa for Brazil.
Authorities eventually caught up with Steynberg and arrested him late last month.
Steynberg managed to evade authorities on account of him having at least three fake IDs.
We now also now Steynberg spent 2021 living on stolen bitcoin and banging a Brazilian mistress. [Continue reading…]
Mirror Trading International’s Johann Steynberg arrested in Brazil
Brazilian authorities have arrested Mirror Trading International CEO Johann Steynberg.
Steynberg was picked up Goiania on an international arrest warrant issued by Interpol. [Continue reading…]
