Coming up on nine months of being held in custody, one of Argentina’s top OneCoin promoters still feigns ignorance towards the $4 billion Ponzi scheme. [Continue reading…]

Allysian Sciences co-founders Apolo Ohno and Rod Jao have been sued in California.

The civil lawsuit alleges Ohno, Jao and two other defendants ran a $50 million crypto token scam. [Continue reading…]

A reader reached out to let me know Jaa Lifestyle doesn’t look much like our June 2020 review.

Back then Jaa Lifestyle was headed up by Shain Hymon. Initially Jaa Lifestyle solicited investment in virtual shares at 18 cents a pop.

That quickly disappeared and was replaced by magazine subscriptions.

Today Shain Hymon is nowhere to be found on Jaa Lifestyle’s website. [Continue reading…]

A reader put in a request for a Majesty Hash review list month.

Shortly after, on or around July 25th, Majesty Hash collapsed and its website went down.

Majesty Hash affiliates were given the rather blunt exit-scam excuse of “our system suddenly stopped working”.

Based on Alexa traffic estimates for Majesty Hash’s now defunct website, the majority of victims are from India and Pakistan.

Since the collapse Majesty Hash has been stringing victims along on social media.

On Twitter, Majesty Hash is represented by a stock photo of a man’s face photoshopped onto a stock suit image.

On July 28th Majesty Hash affiliates were told the company’s

partner has been cheated with us and he stolen all BTC from my wallet.

On August 2nd Majesty Hash tried to con more money out of its victims with a recovery scam:

After stalling for a few weeks, earlier today Majesty Hash Pro was launched.

Majesty Hash Pro provides no verifiable information on its website about who owns or runs the company.

A selection of executives are provided, however these are fake names represented by obvious stock photos.

Majesty Hash Pro’s website domain (“majestyhashpro.com”) was privately registered on August 25th, 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…]

When I checked the BitClub Network case docket today I thought I’d missed something.

There were several references to a bail revocation hearing pertaining to Joby Weeks. But I couldn’t recall seeing a motion preempting the scheduled hearings.

Looking at the other filings though, I came across this in a motion from Week’s attorneys: [Continue reading…]

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

Despite being set up and run by an admin, TronPlus falsely claims it has “no admin”.

TronPlus’ website domain “tronplus.io” was privately registered on September 9th, 2020.

On its website TronPlus provides a compensation document. The author of that document is Nam San Bay.

Nam San Bay is based out of Vietnam. He appears to have gotten into cryptocurrency in 2020.

From this we surmise Nam San Bay owns and is running TronPlus out of Vietnam.

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…]

Aura 4 Finance provides no verifiable information on its website about who owns or runs the company.

Executive details Aura 4 Finance provides are stock photos paired with fictional names:

Photos of what I assume are a UK office are presented on Aura 4 Finance’s website.

These appear to be shots of rented office space, with Aura 4 Finance’s logo poorly photoshopped over.

In another attempt to appear legitimate, Aura 4 Finance provides a UK incorporation certificate for “Aura 4 Finance 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.

Aura 4 Finance’s website domain (“aura4.finance”) was privately registered on February 10th, 2021.

Towards the footer of Aura 4 Finance’s website is a link to an android app on the Google Play Store.

Here we see Aura 4 Finance’s app was developed by “i watch”:

Clicking on i-watch’s profile, we can see it’s a Russian language developer:

This is practically a guarantee that whoever is behind Aura 4 Finance is from Russia or the Ukraine.

On the promotion side of things, Alexa ranks Vietnam (38%) and Egypt (12%) as top sources of traffic to Aura 4 Finance’s website.

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…]

Tapestri operates in the mobile app MLM niche.

The company doesn’t provide a corporate address on its website. Tapestri’s website Terms & Conditions however list a PO Box address in Naperville, Illinois.

Heading up Tapestri is founder Walter Harrison (right).

As per Harrison’s Tapestri corporate bio, he has “over a decade of experience monetizing data”.

I couldn’t find anything MLM related on Harrison outside of Tapestri, so I believe this is his first MLM venture.

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

Four Allied Wallet executives, including owner and CEO Ahmad “Andy” Khawaja, have been indicted on fraud charges.

This latest round of indictments follows charges filed in 2019, as well as an FTC lawsuit detailing theft of $110 million. [Continue reading…]

Mark Scott has failed to have his sentencing suspended indefinitely.

Following a letter filed earlier this week and subsequent opposition by the DOJ, the court rescheduled Scott’s sentencing to November 9th. [Continue reading…]