OneCoin defendants in Argentina have put up a strawman defense in a bid to avoid conviction.

The scammers argue that because they recruited four police officers into OneCoin, that somehow absolves them of legal liability. [Continue reading…]

Skyway Capital has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV). [Continue reading…]

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

In an attempt to appear legitimate, CoinChain Digital provides a UK incorporation certificate on its website.

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.

CoinChain Digital’s website domain (“coinchaindigital.ltd”) was privately registered on November 20th, 2020.

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…]

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

HybridTech Global’s website domain (“hybridtechglobal.com”) was privately registered on July 18th, 2021.

HybridTech Global’s social media accounts were created a few days after.

Despite the company being barely a few months old, HybridTech Global’s official Twitter account has already been suspended for violating Twitter’s rules.

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…]

PGI Global Ponzi scheme has announced initiation of its reboot.

On September 1st PGI Global announced former President Helen Louise Graham will head up the Ponzi scheme as CEO. [Continue reading…]

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…]