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

CrypArena represents it is run by CEO “Oscar Moore”.

CrypArena’s marketing has Moore “born & brought up in Ireland”.

The very obvious actor playing Moore appears in a marketing video uploaded to CrypArena’s official YouTube channel on September 2nd.

I can barely make out what he’s saying in English, which why I assume the scammers behind the video only gave the actor two lines.

Anyway it should be obvious Moore doesn’t exist, nor does the actor playing him come from Ireland.

I’m by no means an expert but CrypArena’s marketing video and the people in it gave off strong Central or South American vibes.

Fake CEO actors in rented office space is typically the work of Russian and/or Ukrainian scammers.

CrypArena’s tie to Russia/Ukraine comes by way of an admin account used in one of their marketing videos:

The name “Solomonov” appears as the account holder. CrypArena hasn’t named any of its actors Solomonov so this is a fresh name.

This could just be a stab in the dark but one of our readers tied a Solomonov to the Russian Skyway Capital Ponzi scheme.

That I can’t verify. What I can verify is:

• CrypArena isn’t operating from New Zealand as represented by their Regus virtual office address on their website;
• none of the actors in the CrypArena marketing video have New Zealand accents; and
• none of CrypArena’s represented executives and staff are actual people.

CrypArena’s website domain (“cryparena.com”) was registered with bogus details on July 4th, 2021.

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…]

BotTronic provides no information on its website about who owns or runs the business.

Despite the lack of transparency, BotTronic claims to be “solely focused on transparency”.

In the footer of BotTronic’s website a corporate address in Malta and registration number appear.

The address is shared with multiple unrelated shell companies. This suggests BotTronic exists in Malta in name only.

The provided “registration number”, if legitimate to begin with, would thus correspond to a meaningless shell company.

On its website BotTronic claims to be “a brand under F.A Services”.

Malta itself is a scam-friendly jurisdiction with no active regulation of MLM companies.

BotTronic’s official marketing credits Jeffrey Voskuil as the company’s CEO.

On July 23rd BotTronic uploaded a video to its official YouTube channel titled “Live Zoom – BotTronic Copy Bot Trading in the Forex Markets | 2021/07/22 | With CEO & CMO“.

The Q&A section of the video features Voskuil and BotTronic CMO Elisabeth Botman:

BotTronic represents Voskuil was “born and raised in the Netherlands”. This would appear to confirm that BotTronic is being operated from the Netherlands as opposed to Malta.

I wasn’t able to verify whether Voskuil has an MLM history.

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…]

Ghana’s Immigration Service has threatened to jail QNet scammers entering the country illegally. [Continue reading…]

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

In the footer of Nowsite’s website the following copyright text appears:

© 2021 Nowsite – Marketing. , Lodge Industries LLC & Hiram Lodge Enterprises Corp.

BehindMLM came across Hiram Lodge Enterprises Corp in our May 2017 Royaltie review.

Both Hiram Lodge Enterprises Corp and Royaltie are owned by Justin Belobaba.

Why this isn’t disclosed on Nowsite’s website is unclear.

The only place Belobaba’s name appears on Nowsite’s website is on the company’s training and events calendar:

On Facebook Nowsite goes by “Nowsite Royaltie”:

The page was renamed from Royaltie Now on to Royaltie Nowsite on July 2020. Royaltie Nowsite was renamed to Nowsite Royaltie on August 2020.

Royaltie launched in mid 2016. The MLM company’s flagship company was a gimmicky bluetooth marketing spam beacon.

That ran its course and in mid 2019 Belobaba unveiled a new AI driven marketing suite.

Nowsite, having ditched the Royaltie branding on its website, appears to be the current iteration of that original mid 2019 offering.

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

AuBit operates in the cryptocurrency MLM niche.

The company is headed by two CEOs; Sadie Hutton and Graham Doggart. Mark Kearns works as AuBit’s Chief Operation Officer.

Hutton, Doggart and Kearns co-founded Dynamic Abundance in 2012.

Dynamic Abundance claims to offer “fintech advisory” and “strategic services”.

Although Dynamic Abundance’s website is still up, the company appears to be defunct as of 2018.

As per their respective LinkedIn profiles, Kearns Hutton and Doggart are based out of Malta.

Malta is a scam-friendly jurisdiction with little to no active MLM regulation.

Despite its owners representing they are based out of Malta, Aubit provides a corporate address in Seychelles on its website.

Not withstanding Seychelles being another scam-friendly jurisdiction with little to no active MLM regulation, the provided address belongs to multiple businesses.

A third corporate address for AuBit International is provided on AuBit’s website linked “legal document”.

This is another virtual address in the Cayman Islands – yet another scam-friendly jurisdiction with no active MLM regulation.

The use of virtual addresses suggests AuBit exists, if at all, in Seychelles and the Cayman Islands in name only.

Interestingly enough AuBit’s own LinkedIn profile states the company has been in operation since 2017. This aligns with AuBit’s website domain, which was first registered in October, 2017.

Whatever AuBit’s initial incarnation was, it appears to have collapsed.

In February 2021 Sadie Hutton published an article on Medium detailing AuBit’s “relaunch”.

This review is based on that relaunch offering.

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

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

Zomoney’s website domain (“zomoney.com”) was first registered in 2010.

The registration was last updated on April 17th, 2021. Zomoney’s current website went live on or around June 2021.

Despite only existing for a few months, Zomoney falsely claims it was “started in the year 2018”.

Zomoney’s official Facebook page was created on June 18th, 2021. It is managed by one user in India.

This strongly suggests whoever owns Zomoney is based out of India.

Another possibility is the usual Russian/Ukraine scammers. This is based on a July 2021 Zomoney marketing video, featuring several actors with eastern European accents.

In the video an actor with a strong accent is presented as Zomoney CEO Dave Wiltshire:

Boris CEO actors are a calling card of Russian and Ukrainian scammers.

In an attempt to mask its Indian and/or eastern European origins, other Zomoney marketing videos are narrated with a robo voice.

While it’s not mentioned on their website, I noticed Zomoney have started to claim they’re “registered in the US” on Facebook:

Meaningless as basic incorporation would be for due-diligence, as far as I can tell this is another lie.

Alexa currently ranks top sources of traffic to Zomoney’s website as the US (98%) and Moldova (0.6%).

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…]

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

Viseming’s website domain (“viseming.com”) was privately registered on March 1st, 2021.

Despite only existing as of a few months ago, Viseming falsely represents on its wbesite that it has been around since 2017.

In an attempt to appear legitimate, Viseming provides a UK incorporation certificate for Viseming LTD.

Viseming LTD was incorporated on March 5th, 2021.

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.

Viseming’s official Facebook page is being managed from the Ukraine. This strongly suggests Viseming is also being operated from the Ukraine.

On YouTube Viseming represents it is run by CEO Karl Morris.

This is your typical Boris CEO production, shot in a rented office and featuring company branded flags and mugs.

At [1:54] in the video a laptop keyboard shows on screen. The keyboard layout is Cryllic, which is used in the Ukraine.

Boris CEO actors are a staple feature of Ukrainian and Russian scams.

At the time of publication Alexa ranks top sources of traffic to Viseming’s website as Russia (19%), Bangladesh (5%) and Egypt (5%).

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…]

Following the entering of a guilty plea to one count of conspiracy to commit wire fraud, Glenn Arcaro has been released on a $500,000 secured bond. [Continue reading…]

Glenn Arcaro has plead guilty to BitConnect related criminal charges.

BitConnect was a $2 billion dollar MLM crypto Ponzi scheme that collapsed in January 2017.

Glenn Arcaro promoted BitConnect and served on the executive team as its US National Promoter. [Continue reading…]

The SEC has finally filed suit against BitConnect and executives Satish Kumbhani and Glenn Arcaro.

The lawsuit follows a similar suit filed against BitConnect’s top US promoters in May. [Continue reading…]