5 Billion Sales pyramid fraud warning from Russia
5 Billion Sales has received a pyramid scheme warning from Russia.
As per the Central Bank of Russia’s November 19th warning, 5 Billion Sales exhibits “signs of a pyramid scheme”. [Continue reading…]
DOJ files charges against Ryan Ginster over MLM crypto fraud
Ryan Mark Ginster has been arrested on charges relating to multiple MLM crypto Ponzi schemes. [Continue reading…]
My Micro Profits Ponzi admin Ryan Ginster sued by SEC
The SEC has unmasked the scammer behind the My Micro Profits Ponzi scheme.
In a lawsuit filed against him, the SEC alleges Ryan Ginster, of California, “raised over $3.6 million” from investors. [Continue reading…]
Mirror Trading International liquidators to validate victim claims
In the absence of regulatory action, the Mirror Trading International liquidation process continues.
The latest is a confusing series of events that saw victims claims universally rejected. [Continue reading…]
Bulgarian government petitioned over OneCoin inaction
An attorney representing several individuals with claims against OneCoin, has petitioned the Bulgarian government. [Continue reading…]
InCruises pyramid scheme warning from Russia
InCruises has received a pyramid scheme warning from Russia. [Continue reading…]
OneCoin and OneLife domains suspended, under investigation
EURid has taken action against a few of OneCoin’s more prominent website domains.
Affected domains include Onecoin, OneLife, OneAcademy and OneEcosystem. [Continue reading…]
Premier Financial Alliance pyramid class certification granted
Plaintiffs in the Premier Financial Alliance pyramid fraud case have been granted California-specific class certification. [Continue reading…]
$56 million in crypto from BitConnect’s Glenn Arcaro sold off
The DOJ has announced “approximately $56 million” in cryptocurrency obtained from Glenn Arcaro will be liquidated.
Proceeds are to be distributed to BitConnect victims. [Continue reading…]
5 Billion Sales Review: Magic internet money?
5 Billion Sales provides no information on its website about who owns or runs the company.
5 Billion Sales’ website domain (“5billionsales.com”), was registered on May 25th, 2021.
The private registration was last updated on October 29th.
5 Billion Sales provides a UK virtual address in their “affiliate terms”. This is meaningless.
Whoever is running 5 Billion Sales is doing so through Telegram.
At the time of publication Alexa ranks top sources of traffic to 5 Billion Sales’ website as the US (17%), Egypt (8%) and Mexico (8%).
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…]
