Glenn Arcaro’s BitConnect sentencing has been pushed to 2022. [Continue reading…]

HyperFund has received a securities fraud warning from Guernsey.

Guernsey is one of three islands that make up the British Crown Dependencies, situated between the UK and France. [Continue reading…]

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

TronCarry’s website domain (“troncarry.com”) was privately registered on August 28th, 2021.

I did note TronCarry’s official presentation was oddly named “Sportion – Keynote Template”.

This appears to just be related to the web development suite used to put TronCarry’s website together.

Alexa currently ranks two notable sources of traffic to TronCarry’s website; Vietnam (12%) and the Ukraine (6%).

Take your pick, both countries are hotbeds for cryptocurrency related fraud.

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…]

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

MarfFinFX’s website domain (“marfinfx.com”) was privately registered on June 18th, 2021.

Despite not existing until a few months ago, MarfinFX falsely claims it has been around since January 2020.

In an attempt to appear legitimate, MarfinFX provides a UK incorporation number for Wardham 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.

MarfinFX also contradict their claimed UK incorporation in their website FAQ:

Is Marfinfx officially registered?

Marfinfx ltd is legally registered. It is a listed investment company in Greece and It’s incorporated in Cyprus.

The company’s shares are currently listed on Athens Stock Exchange.

This appears to be an attempt to rip off Marfin Investment Group Holdings (dba Marfin Investment Group), an unrelated company based out of Greece.

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…]

Plaintiffs Donald Berdeaux and Christine have filed to voluntarily dismiss the OneCoin class-action case. [Continue reading…]

Workxon provides no credible information on their website about who owns or runs the company.

Supposedly Workxon is headed up by “Philip Davis”, a generic old guy in a suit;

No information on Davis is provided. Nor does he have a digital footprint outside of Workxon’s limited marketing.

On its website and Twitter, Workxon represents it is based out of the US. On Facebook it’s London.

Alexa ranks Pakistan as the only notable source of traffic to Workxon’s website (47%).

That’s high enough to suggest that whoever is actually running Workxon is based out of or, at the very least, has ties to Pakistan.

In the footer of Workxon’s website we learn it’s being mirrored from “HasThemes”:

HasThemes appears to be an Indian web design company. India neighboring Pakistan ties into Workxon’s traffic rankings.

The broken English attributed to Philip Davis isn’t very convincing either.

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…]

Easy1Up has been rebooted by owner and serial scammer Peter Wolfing. [Continue reading…]

The Zeek Rewards Receiver has filed two new motions; one requesting permission to make a final distribution, the other seeking to close the long-running case. [Continue reading…]

CashFX Group has received a securities fraud warning from the Australian Securities and Investments Commission. [Continue reading…]

Paparazzi Accessories operates in the jewelry MLM niche. The company launched in late 2010.

Paparazzi Accessories doesn’t provide a corporate address on their website. According to Paparazzi Accessories’ official Facebook page however, the company is based out of Utah.

Heading up Paparazzi Accessories are co-founders and couples Misty and Trent Kirby, and Chani and Ryan Reeve.

So the story goes;

When sisters Misty and Chani began selling jewelry, their original intent wasn’t to begin a national phenomenon.

“We just enjoyed showing people how to accessorize,” explains Misty. But what began as a whim was clearly filling a need.

That business led Paparazzi Accessories’ launch.

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