GSPartners selling Movenpick XLT tokens through JJJ Holdings?
After Accor Group publicly stated GSPartners wasn’t authorized to use Movenpick in their branding, it seems GSPartners is pushing the deal through anyway.
GSPartners has been dropped. Instead the deal is being pushed through JJJ Holdings, a shell company owned by Josip Heit. [Continue reading…]
Profit Connect shut down by SEC, $12 million Ponzi scheme
Profit Connect has been shut down by the SEC.
The regulator alleges mother and son founders, Brent Carson Kovar and Joy Irene Kovar (86), were behind a $12 million dollar Ponzi scheme. [Continue reading…]
Lyconet pyramid scheme warning issued by Russia
Lyconet has been added to the Central Bank of Russia’s illegal company blacklist. [Continue reading…]
QNet affiliate crippled by signup loan, takes life
A QNet affiliate in Ghana has committed suicide.
The death follows reports the former teacher took out a loan to join QNet. [Continue reading…]
Antares Trade pyramid scheme warning issued by Russia
Antares Trade has been added to the Central Bank of Russia’s list of companies engaged in “illegal activities”. [Continue reading…]
Finiko collapses amid criminal investigation & death threats
Following the introduction of its FNK token exit-scam, Finiko has disabled withdrawals confirming its collapse.
Owing to it being a Russian Ponzi scheme, specific details of Finiko’s collapse are scarce. I’m relying on auto-translations for the most part. [Continue reading…]
TriumphFX banned in Indonesia for investment fraud
TriumphFX has been banned by Indonesian authorities due to investment fraud. [Continue reading…]
EmpiresX’s master trader banned by the NFA for 8 years
You won’t find his name anywhere on EmpiresX’s website.
A quick search through YouTube however, returns plenty of videos citing “Joshua Nicholas Gregg” as EmpiresX’s Master Trader.
Supposedly, Gregg, sometimes credited as just Joshua Greg/Gregg or Josh Greg/Gregg, works for Goldman Sachs in New York. [Continue reading…]
GSB Gold Standard Bank’s Mwali banking license is a sham
Arguably central to GSPartners’ G999 Ponzi scheme is Gold Standard Bank (GSB).
On GSPartners’ website and in their marketing material Gold Standard Bank is represented as holding a banking license in Mwali.
If you’ve never heard of Mwali, you’re not alone. It’s a tiny island off the eastern coast of Africa. [Continue reading…]
Royal Returns under regulatory investigation in Ireland
A BehindMLM reader has wrote in to share Royal Returns is under regulatory investigation in Ireland. [Continue reading…]
