BullRun, not to be confused with BullRun the collapsed 2020 cycler Ponzi, operates in the cryptocurrency MLM niche.

Heading up BullRun is CEO Carlos Nobre. Nobre is from Brazil and has a long history of participation in MLM scams.

BNG was an MLM scam that scammed thousands in Brazil circa 2016.

As part of their coverage of BNG’s collapse, UnversoMLM cited Carlos Nobre (right) as the company’s Marketing Director.

UnversoMLM tied Nobre to UniverTeam, a Portuguese scam that was eventually sold off to the notorious OneCoin scheme.

Going back even further, in 2012 Nobre was promoting the AiYellow pyramid scheme.

The first MLM crypto scam I was able to pin Nobre to was Digital Goen.

Digital Goen was a Brazilian crypto Ponzi scheme advertising a 3% daily ROI. Digital Goen collapsed in December 2019.

Unless Nobre has since fled Brazil, his involvement in BullRun suggests the company is being run out of Brazil.

BullRun’s website domain (“bullrun.io”) was first registered in February 2019. The domain registration was last updated on March 1st, 2021.

BullRun’s website domain registration details point to the Netherlands and appear to be bogus.

Also bogus is the corporate address in Panama City that BullRun provides on its website.

Any ties BullRun has to Panama will be on paper only, through the shell company “Universal Real Properties SRL”.

Based on Alexa traffic estimates for BullRun’s website, the company is primarily being promoted in Guatemala (45%), Russia (22%) and the Philippines (8%).

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

About a year ago BehindMLM attempted to put together an Evolv Health review.

Wouldn’t you know it, at the time Evolv Health was transitioning into Alovea.

While I was able to get basic product information at the time, revealing nothing had changed from Evolv Health, what I wasn’t able to pin down was an Alovea compensation plan.

Instead of publishing a review I penned an article questioning why, seeing as seemingly nothing much had changed, Evolv Health was rebranding at all.

In late May an Alovea affiliate explained the rebranding;

Alovea was purchased by Nations Changers, a non profit and MannaRelief, also a non profit, for the purpose of becoming a Social Business.

Along with that explanation I was provided a link to Alovea’s compensation plan.

Today we revisit Alovea for a full review. [Continue reading…]

As part of our coverage of GSPartners’ XLT Ponzi token launch, BehindMLM got in touch with Accor Group about a week ago.

Accor Group owns the Movenpick brand, and we wanted to know if they were OK with GSPartners using one of their properties in Dubai to promote their XLT Ponzi points scheme.

A few hours ago I received a reply from Accor Group’s Investor Relations Team. [Continue reading…]

Success by Health affiliates are harassing the Judge hearing the FTC’s case against the company.

Judge Lanza has labeled comments directed at him and his family as “highly inappropriate and disturbing”. [Continue reading…]

On June 1st the SEC tabled three proposed judgments against BitConnect defendants Joshua Jeppesen, Ryan Maasen and Laura Mascola.

A partial judgment was tabled for Michael Noble.

Each of the proposed judgments were consented to by the defendants.

On June 3rd the SEC was directed to make an additional filing, explaining why the judgments were

“fair and reasonable” and (how) the “public interest would not be disserved” by the included injunctive relief.

The SEC filed its brief on June 11th. On June 23rd a hearing was scheduled for July 7th to discuss the proposed judgments. [Continue reading…]

Accor Group, owners of Movenpick Hotels and Apartments, have confirmed GSPartners is not authorized to sell their Dubai property. [Continue reading…]

The Gifting Communities scam appears to have collapsed.

Sometime in the last few days Gifting Communities’ website has been taken down. The company’s official Facebook page has also been pulled. [Continue reading…]

Seven months after raiding Mirror Trading International’s South African offices, the FSCA has announced its intent fine the company.

Oh my god just do it already… [Continue reading…]

The Serbian Court of Appeals has rejected Krstijan Krstic’s appeal against extradition to the US.

US authorities are now one step closer to extraditing Krstic to the US, where he is facing criminal and civil charges related to fraud. [Continue reading…]

CashFX Group has received a securities fraud warning from the Central Bank of Ireland.

The Central Bank of Ireland is Ireland’s top financial regulator (think SEC in the US). [Continue reading…]