Steve Chiang has rebooted his Global Sponsorship Network Ponzi scheme for the third time in a year. [Continue reading…]

Kristijan Krstic, head of a Ponzi empire that allegedly bilked consumers out of $70 million, has been released from custody.

Pending a decision from the European Court of Human Rights, Krstic will remain under house arrest till August 16th. [Continue reading…]

A Third Forfeiture Bill of Particulars has revealed millions of dollars in cash, crypto and assets the DOJ hopes to recover from Matt Goettsche. [Continue reading…]

Mining City’s original shitcoin, Bitcoin Vault (BTCV), is currently sitting at around ~$17.

Worse still, BCTV investors through Mining City are receiving cents a day. [Continue reading…]

In what appears to be an effort to keep its HyperFund Ponzi afloat, HyperTech is now soliciting investment into mining contracts.

HyperMining was revealed last month by HyperFund CEO Jayden Wei.

Wei (right) is one of HyperTech owner Ryan Xu’s blockchain bros.

Wei is purportedly based out of Australia but also travels to Dubai, the MLM scam capital of the world.

Since the Xu’s HyperFund Ponzi scheme took off, Wei seems to be doing very well for himself: [Continue reading…]

Learn Build Lead appears to have collapsed.

At the time of publication the company’s website is not accessible. [Continue reading…]

Although it appears to be a Malaysian MLM company primarily being promoted to Malaysians, breadcrumbs suggest TriumphFX might be the work of Singaporean scammers. [Continue reading…]

A marketing video reveals the appointment of Helen Hope as HyperFund’s Compliance Officer.

As opposed to registering HyperFund with the SEC and providing audited financial reports, Hope’s job is to bury evidence of securities fraud. [Continue reading…]

BehindMLM’s initial Elysium Network review was published in May 2020.

Despite launching in 2019, Elysium Network presentations today still mark the company as a “brand new opportunity”.

At the request of a reader, today we’re revisiting Elysium Network for an updated review. [Continue reading…]

Frank Schneider’s extradition to the US is on hold, pending the outcome of an appeal.

A decision on Schneider’s extradition was supposed to have been made on Wednesday July 21st.

As reported by Luxembourg publication Wort, Schneider, anticipating his extradition, has filed an appeal with the Nancy Court of Appeal.

According to the terms of the decision, consulted by our colleagues from  L’Est Républicain , the French judges wish “to obtain clarifications from the United States” on the rights which the former agent of the SREL would benefit from in the event of transfer overseas. Atlantic.

Schneider (right) was picked up by French authorities whilst on a leisure trip from neighboring Luxembourg in late April.

Schneider was an integral part of the OneCoin Ponzi money laundering network. He is believed to have been indicted and is likely facing a plethora of criminal charges in the US.

Schneider’s indictment is believed to be been filed under seal. It is unlikely details of the indictment will be made public until Schneider is in the custody of US authorities.

Pending submission of the requested clarifications from the FBI, a followup hearing has been scheduled for September 23rd.

In the meantime Schneider will remain in the custody of French authorities.

Update 20th November 2021 – Frank Schneider’s extradition to the US will now be decided on January 19th.

In the meantime French authorities have released Schneider to monitored home detention.

Update 19th January 2022 – Frank Schneider’s appeal has been denied.