A proposed class-action is suing the Trustee of the Isagenix Employee Stock Ownership Plan. The Plan is made up of current and former Isagenix employees.

The exact number of Plan participants isn’t provided but was estimated to be just over 550 back in December 2019.

Plaintiff Shana Robertson is seeking to represent Plan participants in a proposed class action. [Continue reading…]

Less than 48 hours ago BehindMLM published evidence suggesting GSPartners’ G999 was created via an off the shelf shitcoin script.

In response to that article, GSBank have deleted the evidence. [Continue reading…]

Daisy AI’s smart-contract Ponzi scheme appears to be heading towards collapse.

This has prompted the launch of a new “Daisy token” investment scheme. [Continue reading…]

Following its collapse earlier this week, TronCase has switched website domains and rebooted its Ponzi scheme. [Continue reading…]

GSPartners’ G999 appears to be an off the shelf purchased shitcoin script.

One that’s been used to launch at least two scamcoins. [Continue reading…]

I was recently contacted by a member of Powur’s executive team

Since the inception of Powur, our business model has evolved quite a bit, and especially since you wrote that blog post.

At the present moment, the information in that article is significantly outdated.

We kindly request that you remove that review post, due to the inaccurate statements it provides.

The communication refers to BehindMLM’s original Powur review, published October 2015.

In line with BehindMLM’s policy of updating rather than removing, today we’re revisiting Powur for an updated review. [Continue reading…]

A sixteenth defendant has been added to the DOJ’s Kristijan Krstic Ponzi empire fraud case.

Jaira David, aka Jenny Liu, Kate Muller and Alice Newtown, was indicted under seal on March 4th, 2020. [Continue reading…]

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

In an attempt to appear legitimate, Bruxis Trading provides a UK incorporation certificate for “Bruxis Trading LTD”.

This incorporation doesn’t exist. The provided incorporation number corresponds with “Auto Forex Trading LTD”, a former UK incorporation dissolved in March 2021.

In any event 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.

Bruxis Trading’s website domain (“bruxis-trading.ltd”) was privately registered on February 26th, 2021.

In the website source-code for Bruxis Trading’s website we find a reference to “Capital Traders”.

Capital Traders is a collapsed hourly returns Ponzi scheme. It seems the same anonymous scammers are behind Bruxis Trading.

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 TronCase Ponzi scheme has collapsed.

Two days ago TronCase’s smart-contract was sitting at 38.99 million TRX (~$2.37 million USD). Today it’s at 0. [Continue reading…]

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

Laetitude’s website domain (“laetitude.com”) was privately registered on February 23rd, 2020.

Further research reveals David El Dib (right) citing himself as Laetitude’s founder on LinkedIn.

El Dib is a former BitClub Network scammer. El Dib traveled with BitClub Network executives and spoke at BitClub Network promotional events.

The above screenshot is from a 2017 video of a BitClub Network event held in Spain.

El Dib (right) shared the stage with BitClub Network founder and convicted pedophile, Russ Medlin.

The DOJ arrested three individuals connected to BitClub Network in December 2019.

Russ Medlin was picked up in Indonesia seven months later. He was arrested on child sex charges.

The DOJ allege BitClub Network was a $722 million dollar Ponzi scheme and have indicted five individuals.

Whether David El Dib is a person of interest to US authorities is unclear.

In what is almost certainly not a coincidence, Stefan Stumpf is Laetitude’s “International Leader”.

Stumpf is also a former BitClub Network scammer:

David El Dib is originally from Austria. At some point he fled to Dubai.

Dubai is a safe haven for scammers. It is currently the MLM scam capital of the world.

Laetitude is run through the Spring7 FZ LLC, a shell company purportedly incorporated in the UAE.

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