Aqua Marine Club, aka AMC Global, fails to provide ownership or executive information on its website.

Aqua Marine Club’s website domain (“amcglobal.io”), was privately registered on April 25th, 2024.

Despite only existing for a few months, Aqua Marine Club claims it’s an “industry leading Crypto trading platform”.

In an attempt to appear legitimate, Aqua Marine Club claims it is “registered in the British Virgin Islands”.

Aqua Marine Club being registered in the BVI as a shell company is an immediate red flag. BVI is a scam-friendly jurisdiction with little to no regulation of MLM related securities fraud.

Aqua Marine Club also claims it has registered with BVI’s FInancial Services Commission.

A search of the FSC’s registered company database reveals this is false:

Update 8th August 2024 – Since publication of this review Aqua Marine Club has trotted out CEO “Michael Gerrit”.

Gerrit is dressed up in a wig, glasses and possibly a fake beard.

Purportedly from Austria (the actor playing Gerrit does have a German sounding accent), Gerrit has been doing the rounds on Aqua Marine Club marketing webinars:

Naturally Gerrit doesn’t exist outside of Aqua Marine Club’s marketing efforts.

Boris CEO scams are typically the work of Russian scammers. Note that with Aqua Marine Club this remains unconfirmed. /end update

Update 12th August 2024 – Brandon over at Ponzi Patrol has unmasked Aqua Marine Club’s “Michael Gerrit” as Guido Gerhardt.

Gerhardt is purportedly an Austrian (or German) actor living in Nigeria.

/end update

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…]

Autel fails to provide ownership or executive information on its website.

Autel’s website domain (“autel.top”), was registered with bogus details on June 1st, 2024.

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

In an attempt to appear legitimate, Autel offers up an obviously doctored FINTRAC certificate:

Autel has already attracted the attention of financial regulators. The Central Bank of Russia issued an Autel pyramid fraud warning on June 6th, 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…]

Despite efforts from the US, Brazil is doing its best to ensure TelexFree co-founder Carlos Wanzeler escapes punishment. [Continue reading…]

USI-Tech co-founder Ralf Gold has been found dead in Brazil.

As per a June 19th article from Radio Acesa spotted by the FaceBook group USI-Tech – Now What!?, Gold, 59, was “found dead inside the Clube do Tiro” on Wednesday. [Continue reading…]

Wetify fails to provide ownership or executive information on its website.

Wetify operates from two known website domains:

• wetify.net (app) – privately registered on October 4th, 2023
• wetify.com (fintech template marketing site) – privately registered on May 22nd, 2023

If we click on the support section of Wetify’s website, we learn it runs on the Meiqia platform.

Meiqia is a Chinese software company based out of Beijing. This suggests whoever is running Wetify 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…]

A BuddyX Ponzi executive is running for UK parliament.

As uncovered by Hope Not Hate on June 14th, Reform UK has put Barnsley Borough Council member David White as a candidate for Barnsley South.

Outside of politics, White is BuddyX’s Head of Business for the UK and EU. [Continue reading…]

Global Premiers has received a pyramid fraud warning from Russia.

As per the Central Bank of Russia’s June 19th warning, Global Premiers exhibits “signs of a financial pyramid”. [Continue reading…]

The BuddyX Ponzi scheme has collapsed.

As at time of publication, BuddyX’s website domain has been disabled:

Another associated domain, “buddyx.world”, now redirects to “buddyex.com”.

A notice published on BuddyEx’s website advises that BuddyX’s BDYX token has been dumped on Vindax Exchange. [Continue reading…]

Following months of decline and a bungled acquisition of Q Sciences, Awakend has collapsed.

At time of publication Awakend’s website has been scrubbed, leaving visitors in the dark as to what’s going on. [Continue reading…]

Nelo Life has launched their securities and commodities fraud offering as LifeElevate (also referred to as Nelo Trade).

BehindMLM first reported on Nelo Life adding securities and commodities fraud to its MLM offering back in March.

Today we dive deeper, following a rabbit hole that leads us to serial fraudster and wanted fugitive Ed Zimbardi. [Continue reading…]