GQL Quantify fails to provide ownership or executive information on its website.

GQL Quantify operates from three known website domains:

1. gqlquantify.com – privately registered on February 5th, 2024 (already abandoned)
2. gqlvip.top – privately registered on June 11th, 2024
3. gql.top – privately registered on June 12th, 2024

In an attempt to appear legitimate, GQL Quantify provides a Hong Kong shell company certificate for “HongKong Binance Global Co. Limited”.

Assuming the certificate isn’t doctored, Binance has nothing to do with GQL Quantify. Either way, for the purpose of MLM due-diligence the certificate is meaningless.

Despite only existing for a few months, on its website GQL Quantify falsely claims it “was established in Hong Kong in 2017”.

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…]

Real Construction fails to provide ownership or executive information on its website.

Real Construction’s website domain (“realconstruction.vip”), was privately registered on April 22nd, 2024.

In an attempt to appear legitimate, Real Construction provides a shell company certificate for RealConstruction Engineering Group LTD.

Real Construction Engineering Group LTD was registered in the UK on April 28th, 2024.

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.

Of note is Real Construction already attracting the attention of financial regulators. The Central Bank of Russia issued a Real Construction pyramid fraud warning 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…]

A July 23rd court order has approved a proposed plan of distribution filed by the Traffic Monsoon Receiver.

Unfortunately there is still no timeline for distribution payments to Traffic Monsoon victims with allowed claims. [Continue reading…]

Craig Shawn Williamson’s ResClub investment scheme has collapsed.

Following ResClub, Williamson has gone on to launch 8ghtX and GoBingo For Hunger. [Continue reading…]

TelexFree attorney Gerry Nehra has settled with the TelexFree class-action.

Nehra, through the now defunct firm Nehra and Waak, is best known in the MLM industry for rubber-stamping TelexFree’s $3 billion Ponzi scheme. [Continue reading…]

The AH Mall fails to provide ownership or executive information on its website.

The AH Mall’s website domain (“theahmall.com”), was privately registered on July 13th, 2024.

The AH Mall has already attracted the attention of financial regulators. The Central Bank of Russia issued a The AH Mall pyramid fraud warning on July 19th, 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…]

US Judge Jesus Bernal has given Jason Cardiff permission to flee travel to Ireland. [Continue reading…]

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

RamCredit’s website domain (“ramcredit.com”), was first registered in 2013. The private registration was last updated on May 20th, 2023.

RamCredit’s website appears to have gone live a few months after the domain was acquired in May 2023.

Despite only existing for a year or so at best, on its website RamCredit falsely claims it was “established in 2013”.

In attempt to appear legitimate, RamCredit provides a corporate address in the US on its website. The address points to random office space in Arizona that, as far as I can tell, has nothing to do with RamCredit.

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…]

TelexFree executive Steven Labriola has settled with the TelexFree class-action.

As per the terms of Labriola’s settlement, no money will change hands but Labriola has committed to full cooperation. [Continue reading…]

MyChargeback (aka “MyChargeback.com”), is part of a series of recovery scam websites tied to Cactil LLC.

On or around June 25th the FBI, working with the DOJ, seized MyChargeBack’s website:

[Continue reading…]