Finiko co-founders Edward Sabirov, Marat Sabirov and Zygmunt Zygmuntovich are wanted by Russian police.

The news follows the trio representing they were pawns following Kirin Doronin’s orders. [Continue reading…]

Antares Trade has collapsed, prompting CEO Alex Richter to announce the Ponzi scheme’s exit-scam. [Continue reading…]

Ryan Maasen has told a Judge the SEC’s BitConnect case against him is “ruining his life”.

I first saw the statement reported by Inner City Press, who covered an August 11th case hearing. [Continue reading…]

Scout & Cellar operate in the wine MLM niche. The company was founded in 2017 and is based out of Texas.

Heading up Scout & Cellar is founder and CEO Sarah Shadonix.

So the story goes;

While studying to become a wine professional, Sarah began experiencing inexplicable headaches.

So she did the research, consulting winemakers, grape growers and physicians before discovering the truth: Many of the world’s wines can contain up to 300 questionable chemicals and additives.

This discovery changed everything, and not long after, Scout & Cellar was born.

Shadonix (right) worked as a lawyer before switching gears to work in the wine industry.

As per an October 2017 report from Dallas Innovates;

Shadonix learned the business during a two-year stint with California-based Wine Country Connect, a wine e-commerce and logistics company that powers the wine segments of internet retailers such as Wine.Woot and Rue La La by curating wine offerings.

“I got to learn the industry and developed some good relationships,” she said. “In fact, the company with whom I worked is our logistics partner in this company.”

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

The Zeek Rewards Receiver filed his second quarter 2021 report on July 30th.

Not much happened in the second quarter outside of the IRS losing an appeal case. [Continue reading…]

CashFX Group’s Justin Halladay has fled the US for the Dominican Republic.

Halladay holds the top CashFX Group investment position with his partner in crime Luigi Bruni. His fleeing the US is another sign CashFX Group is on its last legs. [Continue reading…]

After getting the boot from Basis ID, CashFX Group has informed affiliates it is suspending its KYC rollout. [Continue reading…]

WETER is an MLM investment scheme run by Dennis Tiaglin.

Tiaglin appears to be a Russian national operating out of Novosibirsk.

Based on marketing videos uploaded to its official YouTube channel, WETER also appears to have ties to Dubai:

Any MLM company with ties to Dubai is an automatic red flag. Due to lack of regulation and extradition agreements, Dubai is a safe-haven for scammers.

As far as I can tell, WETER is Tiaglin’s first MLM venture.

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

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

BoldGains International provides a corporate address in Dubai on its website.

Owing to it being the MLM scam capital of the world, Dubai is a favorite jurisdiction of scammers.

Hidden in BoldGains International’s website source-code is a phone number with a UAE country code:

In addition to Dubai, BoldGains has ties to to Nigeria.

Most of the online marketing for BoldGains International is focused on Nigeria. Alexa also ranks Nigeria as the top source of traffic to BoldGains International’s website (91%).

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…]

The CFTC has been awarded a $15.6 million dollar default judgment against David Mayer and his company Silver Star Live. [Continue reading…]