Hyperverse has received a securities fraud warning from the British Columbia Securities Commission (BCSC).

As per the BCSC’s October 18th, 2024 warning; [Continue reading…]

FortiCard fails to provide verifiable ownership or executive information on its websites.

FortiCard operates from three known website domains:

1. h5.forticards.com – privately registered on September 8th, 2023
2. forti-card.com – privately registered on September 11th, 2023
3. h5.forticard.xyz – privately registered on September 9th, 2023

While ForiCard does provide a list of executives on its active website, they are represented by made-up names and AI-generated avatars.

Of note is FortiCard’s official FaceBook page being managed from Thailand and the UAE:

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…]

UbitEx fails to provide verifiable ownership or executive information on its website.

UbitEx operates from two known website domains:

1. ubitex.com – first registered in 2003, private registration was last updated on July 17th, 2024
2. ubit.press – privately registered on March 28th, 2024

On its .COM website and social media accounts, UbitEx presents “Alex Sandro” as its CEO:

Mr. Alex Sandro shares his insights on the current state of the cryptocurrency market and how Ubitex is positioned to meet the needs of modern traders.

You’ll get a glimpse into his vision for creating a user-friendly and secure trading environment that fosters innovation and growth.

Alex Sandro doesn’t exist outside of UbitEx’s marketing. That’s because he’s played by an actor based out of Bali, Indonesia.

Unfortunately I don’t have a name. It appears prior to signing on to play UbitEx’s fictional CEO the actor deleted their Bali Model Agency profile.

Nonetheless, here’s “Alex Sandro” modeling clothes for an Indonesian retailer:

As to who’s actually running UbitEx, Chinese features heavily in UbitEx’s marketing.

This strongly suggests whoever is running UbitEx has ties to China.

As of September 2024, SimilarWeb tracked top sources of traffic to UbitEx’s website as Taiwan (11%), Indonesia (6%), Singapore (6%) and Israel (4%).

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…]

QubitsCube fails to provide ownership or executive information on its websites.

QubitsCube operates from two known website domains “qubitscube.cc” and “m.quibitscube.com”.

Both of QubitsCube’s website domains were first registered in November 2023. The private registrations were last updated on October 13th, 2024.

Over on YouTube, QubitsCube provide a series of staged marketing videos featuring actors.

This random individual, with a very “English is not my first language” accent is presented as QubitsCube CEO “Dominick McGrail.

McGrail doesn’t exist outside of QubitsCube’s marketing material, making him a prime Boris CEO candidate.

In one of QubitsCube’s marketing videos we can see rented office being leased by companies with Chinese and Japanese names:

The company who owns the rented office space appears to be “Nest”. The lessee company names suggest QubitsCube’s Boris CEO marketing videos were shot somewhere in Asia.

The rest of QubitsCube’s marketing videos are stock footage with an AI robodub. This is typical of non-native English speaking admins.

In an attempt to appear legitimate, QubitsCube provides FINCen and New York company registration certificates.

QubitsCube LLC was purportedly registered in New York on November 25th, 2023.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

FINCen isn’t a financial regulator. Registration of a shell company with FINCen is equally 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…]

M3 Marsverse fails to provide ownership or executive information on any of its websites.

M3 Marsverse has three known website domains:

1. m3-mars.com – privately registered on May 28th, 2024
2. mars-verse.io – privately registered on June 28th, 2024
3. m3dao.io – privately registered on June 1st, 2024

Of note is M3 Marsverse’s official marketing presentation having a Chinese character in its title:

This suggests whoever is running M3 Marsverse has ties to China.

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…]

JD Global fails to provide ownership or executive information on its website.

JD Global’s website domain (“jd-global.org”), was privately registered on September 27th, 2024.

If we look in JD Global’s website source-code, we find Chinese:

This suggests whoever is running JD Global has ties to China.

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…]

Next Level Trade fails to provide verifiable ownership or executive information on its website.

Next Level Trade presents “Ethan Vinson” as its CEO:

Ethan Vinson of course doesn’t exist. He’s a Boris CEO played by Russian actor Alexey Ignatiev (Алексей Игнатьев).

BehindMLM previously came across Ignatiev playing “Brandon Watts”, a fictional executive in Beurax:

Beurax was a 2020 Boris CEO Ponzi scheme. The scam collapsed shortly after BehindMLM outed Watts as an actor in early 2021.

Like Beurax, Next Level Trade falsely represents it is based out of Australia. This is done through NextLevelTrade Pty Ltd, an Australian registered shell company.

Next Level Trade also presents potential investors with a Prudential Financial insurance contract:

Bogus investment contracts are another marketing ploy typical of Boris CEO Ponzi schemes.

Boris CEO Ponzi schemes are typically run by eastern European scammers (Russia/Ukraine):

Next Level Trade’s website domain (“nlt.ltd”), was registered in October 2023. The private registration was last updated on September 28th, 2024.

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…]

Several The Traders Domain scammers have consented to preliminary injunctions.

Between October 22nd and 25th, the CFTC filed preliminary injunction consent orders pertaining to: [Continue reading…]

Barbados’ Financial Services Commission has issued a “click a button” app Ponzi fraud warning.

As per an October 29th report from Barbados Today;

The Financial Services Commission (FSC) on Monday issued an urgent warning about investing in multi-level marketing (MLM) schemes, as a scheme masquerading as a YouTube and TikTok partnership actively recruits Barbadians with promises of quick earnings.

The scheme requires participants to initially engage in a three-day probationary period after clicking a provided link, with recruiters promising earnings of $2.50 per day for clicking five times in designated spaces.

Prospective members are then encouraged to visit the St Michael office of the business and pay approximately $700 to advance to “level two”, which involves making 10 online clicks for promised earnings of US$10 ($20) daily or US$300 ($600) monthly.

This is either a “watch videos” or “social media manipulation” variant of your typical “click a button” app  Ponzi. [Continue reading…]

Siemens VIP fails to provide ownership or executive information on its website.

Siemens VIP’s website domain (“siemensvip.cc”), was registered with bogus details on September 19th, 2024.

Siemens VIP has already attracted the attention of financial regulators. The Central Bank of Russia issued a Siemens VIP pyramid fraud warning on October 18th, 2024.

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…]