Vitae is begging its victims to donate to a legal defense fund.

The pitch sees Vitae frame donations as an

opportunity to regain access to your assets/money for a small contribution, starting from 10€.

[Continue reading…]

Financially blacklisted under its own name around the world, OneCoin is now trying to get a foothold in Romania. [Continue reading…]

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

Senexa’s website domain (“senexa.biz”) was registered on July 6th, 2020.

Donald Mao Wong is listed as the owner, through a Gmail address and public housing street address in Hong Kong.

Further research reveals a Senexa marketing video doing the rounds, featuring CEO Donald Mao Wong:

In the “China News” video, Wong is interviewed by “Leila” through a Mandarin interpreter.

Leila has an eastern European accent. Wong answers Leila’s questions in Mandarin (note the interpreter is cut out after the first translation).

This is your standard Boris CEO video shot in a rented office somewhere. Wong (right), Leila and the interpreter are all actors.

You can verify this yourself by looking up Donald Mao Wong’s digital footprint. All you’ll find is “China News” press-release spam dated early 2021.

Alexa currently ranks top sources of traffic to Senexa’s website as the US (55%), Madagascar (16%) and Australia (7%).

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…]

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

Ushare’s website domain “ushare.marketing” was first registered in February 2020. The private registration was last updated in February 2021.

Even though Ushare’s website defaults to English, there is still Italian language elements on the homepage.

Ushare’s official Facebook page is also branded “Ushare Italia”.

What caught my eye was mention of DT Coin on Ushare’s website:

The name rang a bell so I ran a search on BehindMLM’s archives. DT Coin was part of the Diamond Temple Coin Ponzi scheme.

Diamond Temple Coin was launched in 2017 by Daniele Marinelli, then a resident of Rome, Italy.

A quick search and I was able to confirm Marinelli is behind Ushare:

Marinelli’s company DT Circle appears to tie Ushare and DT Coin together.

Ushare’s March 2020 launch appears to have been an attempt to cash in on the then emerging COVID-19 pandemic:

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

DuoLife operates in the nutritional supplement and personal care MLM niches.

The company is based of Poland but operates throughout Europe and North America.

DuoLife was co-founded in 2012 by Bartosz Królikowski, Piotr Pacyga, Norbert Janeczek and Lukasz Godyń.

Bartosz Królikowski  heads up DuoLife as President of the Board.

As per Królikowski’s DuoLife corporate bio, he’s

held the President of the Board position since the very beginning of DuoLife existence.

In order to improve the functioning of DuoLife, he derives from many years of experience, acquired while working in some of the biggest corporations and from being a co-owner, member of the board and managing director of Polish companies.

We learn a bit more about Królikowski’s past in his DuoLife Ireland corporate bio;

worked as limited partner in a law firm. He is also an investor, owner of numerous properties all over Poland.

I did try and suss out Królikowski’s MLM history but turned up blank. This might be due to language barriers.

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

Kripto Future has received a pyramid scheme warning from Russia.

In their 28th September notice, the Bank of Russia warns Kripto Future exhibits “signs of a pyramid scheme”. [Continue reading…]

OmegaPro Forex provides no information on its website about who owns or runs the company.

OmegaPro Forex’s website domain (“omegaproforex.com”) was privately registered on February 8th, 2021.

In an attempt to appear legitimate, OmegaPro Forex represents it is incorporated in the UK as OmegaPro LTD.

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…]

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

Zax’s website domain (“zaxtokens.io”) was privately registered on August 7th, 2021.

Interestingly enough Zax’s social media accounts appear to have already been terminated;

Zax’s provided Facebook page link throws up a similar error.

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…]

CashFX Group has received a securities fraud warning from the Bank of Portugal. [Continue reading…]

Royal Q stands for “Royal Quantify Investment Management Co.”

Royal Q provides no information on its website about who owns or runs the company.

Royal Q’s website domain (“royalqs.com”) was privately registered on February 22nd, 2021.

Royal Q’s website is essentially a placholder to redirect visitors to its app.

Despite the dubious nature of the business, Royal Q’s app is available both from the Google Play and Apple App stores.

Note that this is not a sign of legitimacy. That comes down to analysis of Royal Q’s business model.

Perusal of Royal Q’s website source-code reveals Chinese language web elements:

Royal Q’s social media posts are also written in Chinese:

This suggests whoever is running Royal Q at the very least speaks Chinese. They are very likely based out of China or greater south-east Asia.

Alexa currently ranks top sources of traffic to Royal Q’s website as India (15%), Nigeria (12%) and Mexico (9%).

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…]