Orion Finance operates in the cryptocurrency MLM niche.

Supposedly heading up Orion Finance is “Brian McCrory”.

According to Orion Finance’s official presentation document, McCrory ‘has been launching and developing various businesses for more than 20 years.’

McCrory doesn’t exist outside of Orion Finance’s marketing material, making him a prime Boris CEO candidate.

McCrory features on Orion Finance’s website and marketing videos.

The actor playing McCrory has a bit of a strange accent. It’s Irish but for some reason he’s trying to sound American.

McCrory appears to have been hired in Dubai. In another marketing video, shot in Dubai, the McCrory actor is dubbed over with an eastern-European narrator.

Boris CEO schemes are typically the work of Russian and/or Ukrainian scammers.

Further supporting this is Orion Finance marketing videos being officially translated into Russian.

Orion Finance’s website domain (“orionfinance.org”), was privately registered on June 9th, 2021.

Despite only existing as of a few months ago, Orion Finance falsely claims its

team has been working in the IT field at the beginning of the 2000s.

A dedicated unit has been exclusively dedicated to Blockchain since 2013.

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…]

FomoEX operates in the cryptocurrency MLM niche. The company fails to provide a corporate address on its website.

Heading up FomoEX is Stephen Meade (President) and David Hung (CEO).

Stephen Meade (right) is an unknown in the MLM industry. Over the past few years he’s reinvented himself as a crypto bro.

Meade’s crypto bro adventures appear to have culminated in MonetaPro, a failed cryptocurrency ecommerce platform.

Over the past two years or so Meade has also jumped on the podcast bandwagon.

The last episode of “The BullsEyeGuy” was uploaded to YouTube on September 23rd, 2021. It has 11 views.

FomoEX’s website credits David Hung as

Owner of the largest Filecoin farms in Singapore, Hold mining farm in Singapore and USA. [sic]

Other than that there’s not much out there on Hung. He appears to be another crypto bro with nothing much else going on.

Based on his appearance in a FomoEX marketing video, and Chinese-language spam articles talking up his ties to FileCoin, Hung is believed to have ties to China.

This tracks with FomoEX running on a Shanghai time commission schedule.

On Facebook Stephen Meade represents he is based out of California in the US.

FomoEX recently held a prelaunch event in Dubai. Both Meade and Hung were in attendance.

Whether the pair have taken the precautionary measure of relocating there yet though is unclear.

Dubai is the MLM scam capital of the world. The emirate’s lack of regulatory enforcement sees it attract MLM scammers from all over the world.

At least for now, FomoEX has chosen Dubai to launch its business operations from.

On the pseudo-compliance side of things, FomoEX pretends it is based out of the British Virgin Islands in its website Terms of Service:

GOVERNING LAW

These Terms of Use shall be governed by and construed in accordance with BVI law.

BVI is another hidey-hole with no active MLM fraud related regulation. Because of this it a favorite jurisdiction for scammers to incorporate shell companies in.

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

Success by Health and Jay Noland are set to appeal three orders against them; the original preliminary injunction order, and the FTC’s granted motion for sanctions and summary judgment. [Continue reading…]

Appi Travels has received a pyramid scheme warning from the Bank of Russia.

Following an internal investigation, the Bank of Russia states it has “established” Appi Travels exhibits “signs of a pyramid scheme”. [Continue reading…]

Lyoness has lost a five-year defamation lawsuit brought against two bloggers in Poland.

The suit pertained to articles published under the pseudonym “antylyoness” on the “blox.pl” website from 2013. [Continue reading…]

Ghanaian authorities have arrested another fifteen QNet affiliate scammers.

As reported by the Ghanaian Times, on October 15th [Continue reading…]

Health Canada has recalled BlackOxygen’s products “due to potential health risks”.

As per a recall alert issued on September 23rd, Health Canada warns; [Continue reading…]

The eOracle Ponzi scheme has collapsed, again.

eOracle disabled affiliate withdrawals by disabling their stand-alone ECN Ponzi points website. This happened about a week ago. [Continue reading…]

While authorities in Dubai might turn a blind eye to MLM scams, outside of the UAE fraud has consequences.

In a recently filed defamation complaint, Driven Properties bemoan getting into business with GSPartners. [Continue reading…]

Bitassets Venture provides no information on its website about who owns or runs the company.

Bitassets Venture’s website domain (“bitassetsventure.com”) was registered on June 17th, 2021.

The registration is primarily private. The only information disclosed is a partial address in Occitanie, France.

On its website Bitassets Venture represents it is based out of Seoul, South Korea.

This is unlikely, seeing as the building Bitassets Venture uses to represent their office is actually in the US:

Despite only existing for a few months, Bitassets Venture has also given itself a bunch of backdated made-up awards:

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…]