BehindMLM’s ongoing coverage of the GSPartners Ponzi scheme is getting under Josip Heit’s skin.

So much so that he engaged German legal counsel, to initiate legal action in the Ukraine.

Lol Ukraine. Get your popcorn ready folks…
[Continue reading…]

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

MineRift’s website domain (“minerift.biz”) was privately registered on April 21st, 2021.

MineRift represents it is incorporated in the UK. To that end an incorporation number corresponding with “Wardam LTD” is provided.

Whether MineRift has anything to do with Wardam LTD is unclear.

Regardless, 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.

Alexa traffic analysis to MineRift’s website reveals a pretty even spread between the US (16%), Saudi Arabia (14%) and Russia (11%).

None of these percentages are high enough to establish operational jurisdiction with any certainty.

It is however highly likely that whoever is running MineRift is based out of one of those three countries (US or Russia would be my guess).

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…]

In early June GSPartners began circulating promotional material for a new real-estate themed Ponzi scheme.

JONE tokens were supposedly tied to physical real-estate in the J One Towers, an apartment complex in Dubai.

Before GSPartners could make any big announcements at their Dubai event later in the month, the developer behind J One Towers came out and denied having anything to do with GSPartners or Josip Heit.

This halted promotion of JONE tokens in their tracks. With GSPartners’ Dubai event going ahead as scheduled, it also raised the question of what would be revealed.

In place of JONE tokens and the J One Towers ruse, GSPartners has found a new developer to partner with.

Cue the launch of XLT tokens. [Continue reading…]

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

With respect to where it is being operated from, Tulian Investment claims it “has its headquarter in Norway”.

There is no evidence to support this claim.

Tulian Investment’s website domain (“tulianinvestment.com”) was privately registered on April 26th, 2021.

Despite only existing as of a few months ago, Tulian Investment falsely represents it has been around since 2018.

In an attempt to appear legitimate, Tulian Investment provides a UK incorporation certificate for “Tulian 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.

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…]

YEP Tribe stands for “Young Entrepreneurs Project”. The company launched on or around mid 2019.

YEP Tribe doesn’t provide a corporate address on its website. The company’s official Facebook page however is managed from the US and Bangladesh.

Heading up YEP Tribe is CEO and President, Jimmy Ezzell. Ezzell’s LinkedIn profile also credits him as one of YEP Tribe’s co-founders.

According to Ezzell’s YEP Tribe corporate bio, he’s

an inspirational leader who has the master skill of painting a clear picture of his vision while inspiring others to take action on their own dreams and goals.

According to his LinkedIn profile, Ezzell is based out of Kansas in the US. This is presumably where YEP Tribe is operated from.

Ezzell (right) has a long history in the MLM industry. His personal YouTube channel details involvement in multiple companies dating back at least eleven years.

These include

• Rain International (~2009);
• Synergy (~2011);
• Talk Fusion (~2011);
• Visalus (~2012);
• WorldVentures (~2013);
• 5Linx (~2014);
• North American Power (~2014);
• Le-vel Thrive (~2014);
• Sozo (~2015); and
• Wealth Generators (~2016)

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

Futurion Finance operates in the cryptocurrency MLM niche.

The company provides a corporate address for “NFT Investments Pty Ltd” in Australia on its website.

As far as I can tell, NFT Investments is a shell company. Futurion Finance has no physical or operational ties to Australia.

The company provides four executives on their website, only one of whom I was able to verify the identity of.

Michel Courtine is credited as one of Futurion Finance’s co-founders. He’s cited as a

tech Entrepreneur with 20 years of experience in industries ranging from blockchain to video games and cloud infrastructure.

Based on Courtine’s LinkedIn profile that much appears to be true.

Courtine appears to have gotten involved in cryptocurrency, at least professionally, from around 2017.

His first cited gig on his LinkedIn profile is a Business Development Executive for Toolchain.

As a Business Developer, I showcased our product and vision at numerous blockchain conferences and built a solid network of partners in the blockchain space.

Then there’s AirCredit, a “carbon credit production, verification & decentralized trading platform” that doesn’t appear to exist anymore.

From around December 2019 Courtine has been working at Alf, a business platform suite focused on automation.

Universal Money Instrument is a Russian UMI shitcoin “staking” investment scheme.

Based on UMI’s website traffic, nobody outside of Russia and the Ukraine is participating.

Courtine is UMI’s Ambassador. His most recent gig was speaking at a  He recently spoke at a blockchain bro gig in Dubai in late May.

UMI sponsored the event, giving Courtine stage time.

The guest of honor for the event was none other than Sheikh Saqer Bin Mohamed Al Qasimi.

The UAE’s Al Qasimi royal family are no strangers to cryptocurrency fraud. But I digress.

The only other named Futurion Finance executive who appears in marketing videos is Andrew Ratushnii.

Ratushnii has the pre-requisite eastern European accent.

Michel Courtine isn’t a Boris CEO. He exists and has been involved in cryptocurrency for a few years.

That said, given UMI’s ties to Russia (Courtine refers to it as a “Russian project”), and whoever is playing Andrew Ratushnii having a Russian accent, it’s highly likely that Russians are either working with Courtine or are entirely behind Futurion Finance.

I find it odd Courtine would be speaking for UMI so close to appearing in promotional videos for Futurion Finance.

It’s almost as if there might be links between UMI and Futurion Finance beyond Courtine’s involvement. Huh, go figure.

At the time of publication Alexa ranks the top sources of traffic to Futurion Finance’s website as the US (22%), Kazakhstan (9%) and the Ukraine (7%).

Michel Fourtine’s LinkedIn profile places him in Paris, France. Futurion Finance however represent their marketing videos were shot in Dubai.

Experienced BehindMLM readers already know what Russia/Ukraine + MLM + cryptocurrency means (hint hint, title of this review).

For the rest of you, read on for a full review of Futurion Finance’s MLM opportunity. [Continue reading…]

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

Jonny Blockchain’s website domain (“jonnyblockchain.com”) was first registered in 2019.

The private registration was last updated in February 2021, which I believe is when the current owner took possession of it.

In researching Jonny Blockchain I noticed a lot of promotion from Jeremy Rush.

Rush (right) is known to BehindMLM as the owner of the long-running but since collapsed Zukul Ponzi scheme.

Promoting a company isn’t enough to confirm ownership. So I poked around a bit more and discovered Zukul’s last incarnation, Zukul Trading, and Jonny Blockchain are hosted on the same server in the Netherlands.

This is obviously not a coincidence.

BehindMLM revisited Zukul Trading just last month. This is in fact how Jonny Blockchain was queued up for review, I just didn’t know Rush was running it at the time.

Rush began promoting Jonny Blockchain in early June 2021. The Jonny Blockchain smart-contract on June 14th.

In between Zukul Trading’s collapse and Jonny Blockchain’s June launch, Rush has been promoting various cryptocurrency Ponzi schemes.

Rush promotes and runs Ponzi schemes out of London in the UK.

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

CashFX Group has received a securities fraud warning form South Africa’s Financial Sector Conduct Authority. [Continue reading…]

Leaked Telegram updates reveal CBI Global has disabled payouts.

CBI Global is a reboot of the Uhuru Tribe Ponzi scheme, which collapsed late last year. [Continue reading…]

Mirror Trading International’s liquidators have tracked down another 8000 bitcoin. [Continue reading…]