Argentinian OneCoin arrests climb to fourteen (4 new)
As part of the ongoing Argentinian investigation into OneCoin, prosecutors in Cordoba have approved the arrest of four additional suspects.
Rodrigo Domínguez, Aldo Leguizamón and two other people stand accused of defrauding clients through the OneCoin Ponzi scheme. [Continue reading…]
PGI Global reboot: RV Palafox on the run from US authorities?
Following PGI Global’s collapse winding up in late June, Ramil Ventura Palafox (aka RV Palafox) has announced a reboot Ponzi scheme.
Strangely enough, Palafox won’t be running PGI Global 2.0. [Continue reading…]
HyperFund Compliance Officer Hope Hill outed as Ronae Jull
Ten years ago Ronae Jull was marketing herself as the “Hope Coach”.
As the Hope Coach, Jull stated in 2011 that she
would like to be remembered as a person with passion for joyful living that managed to successfully reach out to hurting people and helped to bring them hope and healing.
Ten years later and something has gone horribly wrong.
Jull is an executive at one of the largest MLM Ponzi schemes in operation today. She’s also signed on as an investor.
Instead of offering “hope and healing”, Jull now inflicts others with “broke and stealing”. [Continue reading…]
Eric J. Dalius’ Saivian fraud case fails mediation, heads to trial
Defendants Eric J. Dalius and Ryan Evans have failed to reach a settlement with the SEC.
As a result, the Saivian Ponzi scheme fraud case will now head to trial. [Continue reading…]
Finiko founder Kirill Doronin arrested by Russian authorities
Russian authorities have arrested Finiko founder Kirill Doronin.
According to Russian media reports, Doronin was picked up and detained in Kazan, Tartarstan. [Continue reading…]
Evolution Gifting Community a reboot of Gifting Communities?
Ben Quigley’s Gifting Communities might be in the process of being rebooted as Evolution Gifting Communities.
At the time of publication Evolution Gifting Communities hasn’t gone beyond soliciting a list of gullible suckers to steal from. [Continue reading…]
GSPartners “CEO” Michael Dalcoe silencing affiliate dissent
On LinkedIn Michael Dalcoe cites himself as a member of GSPartners’ “Executive Council”.
On YouTube Dalcoe titles himself as CEO of the company:
Whatever his official role within the Ponzi scheme, evidently one of Dalcoe’s roles is silencing affiliates who complain. [Continue reading…]
MyCOM Review: Failed ecom platform turns to crypto fraud
Owing to MyCOM intentionally omitting details of their MLM opportunity in their marketing, this isn’t a typical BehindMLM review.
Hiding information is a common occurrence across the various facets of parent company Tesora Financial’s operations, which made putting together this review a headache.
On that basis alone I’d recommend avoiding MyCOM and Tesora Financial. MLM companies only go to these lengths to hide information when they’re up to no good.
If you want to know what exactly MyCOM and Tesora Financial are up to, read on. [Continue reading…]
World Crypto Life Review: Wyoming signed off on sec. fraud?
World Crypto Life provides no information about who owns or runs the company on its website.
World Crypto Life’s website domain (“worldcryptolife.com”) was first registered in July 2020. The private registration was last updated on July 23rd, 2021.
Further research reveals Francis Yoon citing himself as CEO of World Crypto Life on LinkedIn.
According to Yoon’s LinkedIn profile, he’s based out of California in the US.
Prior to launching World Crypto Life in mid 2020, Yoon (right) was CFO of Epika Global.
Epika Global appears to be a failed crypto bro venture.
Interestingly enough, despite only citing himself as CFO of Epika Global, Yoon appears to have owned and run the company.
Yoon was the sole Director of Epika Global, an abandoned Californian corporation. I wasn’t able to find any other Epika Global executives.
I did find one other World Crypto Life executive, Chris Principe.
Principe made a name for himself as a staunch supporter of the OneCoin Ponzi scheme.
When I first heard about OneCoin, I thought it was either a scam or a pyramid scheme.
After researching further and getting an opportunity to interview Dr. Ignatova, I was absolutely impressed with the technology backing OneCoin and their block chain, as well as excited about their vision for today’s economy.
OneCoin collapsed in early 2017. Founder Ruja Ignatova and several executives are facing criminal charges in the US.
After OneCoin, Principe struck up a PR deal with the notorious Russian Ponzi scheme Skyway Capital.
Skyway Capital backed out of the deal, citing Principe’s involvement in OneCoin.
We learnt this through a defamation lawsuit Principe filed against prominent OneCoin critic Timothy Curry.
The lawsuit was confidentially settled in April 2018.
Now Principe has popped up as World Crypto Life’s Chief Operating Officer:
Read on for a full review of World Crypto Life’s MLM opportunity.
[Continue reading…]
LuLaRoe settles with all 2017 California class-action Plaintiffs
Last September mediation proceedings were ordered in the proposed LuLaRoe class-action in California.
Since then, one by one, LuLaRoe has been reaching confidential settlements with the Plaintiffs.
As of May 2021 there were still three Plaintiffs standing. On July 1st three joint stipulations were filed, requesting dismissal of their respective cases and claims. [Continue reading…]
