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…]

Well that didn’t take long.

Just two weeks after being let out of custody, Kristijan Krstic and his wife have violated their release conditions and fled. [Continue reading…]

News broke of Allied Wallet executives being indicted on criminal charges last Friday.

At the time I was unable to access what I believed was a sealed indictment.

Sure enough a sealed indictment was filed on August 25th. Pending the arrest of three of the suspects, all of which were US-based, the DOJ requested the indictment be sealed.

The arrests went down on August 26th, prompting the unsealing of the case and access to the original indictment.

Today we go over the indictments of Allied Wallet defendants Ahmad Khawaja, Mohammed Diab, Amy Rountree and Thomas Wells. [Continue reading…]

Following an entry of default judgment recorded against Global Trading Club scammer Rodrigo Jose Castro Molina, a court has ordered the CFTC to file for default judgment. [Continue reading…]

Success Factory has received a pyramid scheme warning from the Central Bank of Russia.

As per the Central Bank’s August 31st warning, Success Factory exhibits “signs of a pyramid scheme”. [Continue reading…]

Torexo Finance has received a pyramid scheme warning from the Central Bank of Russia. [Continue reading…]