The Earn World Ponzi scheme has collapsed.

Investors are being lied to about recovery and owner Suki Chen is believed to have gone into hiding. [Continue reading…]

Engie USDT fails to provide ownership or executive information on its website.

Engie USDT’s website domain (“usdtengie.top”), was registered with bogus details on July 8th, 2024.

Of note is Engie USDT’s website domain being registered through the Chinese registrar Alibaba (Singapore).

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…]

Baccarat Entertainment fails to provide ownership or executive information on its website.

Baccarat Entertainment operates from two known website domains:

1. baccarat-entertainment.com – first registered in May 2022, private registration last updated on May 3rd, 2024
2. baccarat-entertainment.info – first registered in July 2022, private registration last updated on July 27th, 2023

Baccarat Entertainment has already attracted the attention of financial regulators. Germany’s BaFin announced they were investigating Baccarat Entertainment for gaming fraud on May 29th, 2024.

This ties into SimilarWeb attributing 100% of Baccarat Entertainment’s website traffic to Germany as of June 2024.

Between BaFin’s investigation and the German website traffic, it’s likely whoever is running Baccarat Entertainment has ties to Germany –  or at the very least speaks German.

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…]

Family First Life has settled a robocall fraud lawsuit filed against it in Indiana.

On June 12th Notice of a Settlement was filed on the case docket. [Continue reading…]

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

Playstation VIP’s website domain (“playstationvip.top”), was registered with bogus details on July 7th, 2024.

Of note is Playstation VIP’s website domain being registered through the Chinese registrar Alibaba (Singapore).

Playstation VIP has already attracted the attention of financial regulators. The Central Bank of Russia issued a Playstation VIP pyramid fraud warning on July 15th, 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…]

The SAEG Receiver has accepted 211 victim claims totalling $57,715,542.

Of the accepted claims, 160 were for the amount submitted. 51 claims have been accepted with a reduced claim amount totalling $13.2 million. [Continue reading…]

Farad Connect fails to provide ownership or executive information on its website.

In fact as I write this, Farad Connect’s public-facing homepage is nothing more than an affiliate login/sign up form:

An MLM company not disclosing information about itself to consumers is an immediate red flag.

Further research reveals Farad Connect marketing citing Nick VandenBrekel as “architect and founder” of the company:

VandenBrekel (right), originally from the Netherlands but now residing in Florida, first appeared on BehindMLM in 2019.

VandenBrekel was the “architect” of ORU Marketplace, an MLM pyramid scheme built around ORU Ponzi points.

Today ORU Marketplace’s website is disabled:

Farad Connect operates from the website domain “faradconnect.net”, first registered in June 2023. The private registration was last updated on June 24th, 2024.

In researching this review, other companies I came across that VandenBrekel is associated with include Positron Magnetics and Grange Group.

Positron Magnetics is some malarkey about “decentralized electric power”. Grange Group claims it “excels at leisure lifestyle real estate projects”.

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

GMC Elev8ed, launched as part of the collapsed Greek Mythology Club Ponzi, has itself collapsed.

Following widespread losses throughout the week, GMC Elev8ed investors are now reporting liquidation. [Continue reading…]

In December 2023 the last iteration of Daisy Global collapsed.

Eight months later, owner Jeremy Roma is still gaslighting victims of the at least thrice collapsed Ponzi scheme. [Continue reading…]

Jason Cardiff’s lawyers have filed a Motion to Withdraw six weeks out from trial.

As detailed in their July 17th motion, Cardiff’s lawyers claim; [Continue reading…]