In an email sent out to its investors, Mining City claims a “fake app” somehow has access to the company’s affiliate database.

From a security standpoint, this makes zero sense. [Continue reading…]

Crowd1’s latest ploy to extract more money from its affiliates is … a crypto mobile app Ponzi scheme.

How very… 2015?

To hear founder Jonas Werner pitch Planet IX though, Crowd1 just invented sliced bread. [Continue reading…]

BNB33 Club operates in the MLM cryptocurrency niche.

The company does provide executive details on its website, however these appear to be stock photos and/or stolen social media photos.

This is based on the suspicious looking photos themselves, nothing except names provided, as well as none of the named executives existing outside of BNB33 Club’s website.

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…]

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

BNB Profit’s website domain (“bnbprofit.io”) was privately registered on March 4th, 2021.

A YouTube video embedded on BNB Profit’s website is titled “BNB Profit Presentation Zoom with Jose 4-13-2021”.

At approximately [0:53] into the video the man Jose does identify himself but I couldn’t catch his last name.

Jose thanks Andrew Curto for “inviting” him to speak on the presentation. Fortune Five, the YouTube channel hosting the video, has multiple videos featuring Curto.

According to Andrew Curto’s Facebook profile he’s based out of Arizona.

Prior to BNB Profit Curto was promoting the TronCase Ponzi scheme.

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…]

Silwana Global appears to have launched last year as Silwana Diamond.

Silwana Diamond will create the largest platform for farmers and buyers from all over the world, enabling them to easily communicate with each other, and have fruitful transactions and trading of local and international commodities.

This way; the brokers will be cut and their commissions in turn will benefit you directly.

Around mid 2020 Silwana Diamond was ditched for Silwana Global. The name-change coincided with the introduction of GogolCoin.

Today Silwana Global operates from “silwanaglobal.com” (registered April 2020).

Heading up Silwana Global and GogolCoin is founder and CEO Feras Abu-Hdaib (right).

As of January 2021, Abu-Hdaib is based out of Dubai in the UAE.

Possibly due to language-barriers, I was unable to put together an MLM history on Abu-Hdaib. From what I was able to piece together though, Silwana Global appears to be his first MLM venture.

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

Up2Give was launched by Jerry Lopez in late 2019.

A fraudulent gifting scheme, Up2Give as it originally launched collapsed mid last year.

Lopez however was intent on further milking Up2Give participants. Cue the introduction of U2G Network late last year. [Continue reading…]

Alan Friedland (right) appears to be withholding evidence from the CFTC.

Outstanding requests for production of documents to Friedland date back to August 2020.

After eight months of stuffing around on Friedland’s part, on April 9th the CFTC filed a motion seeking to compel production. [Continue reading…]

I hit a brick wall researching Crunchi. I searched high and low and couldn’t find a copy of their compensation plan.

Not an original document. Not a presentation. Not even a summary – outdated or otherwise.

Oz, why don’t reach out to MLM companies for information. I’m sure they’d be happy to provide you with what you need! [Continue reading…]

The DOJ has been granted an intervention in the SEC’s civil case against Kristijan Krstic, John DeMarr and Robin Enos.

The granted intervention is followed by an order staying the case, pending the outcome of parallel criminal proceedings. [Continue reading…]

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

Impero Solutions’ website domain (“impero.solutions”) was registered on September 3rd, 2020.

Impero Solutions is listed as the domain owner, through a redacted address in Quebec, Canada.

To that end Impero Solutions also provides a corporate address in Montreal, Quebec on their website.

Further research however reveals this address actually belongs to Regus, who sell virtual office addresses.

In a further attempt to tie itself to Canada, Impero Solutions provides Canadian incorporation documents for Impero Solutions Limited.

Considering the same virtual address appears on these incorporation documents, one can safely dismiss Impero Solutions Limited as a shell company.

In other words, Impero Solutions has no actual ties to Canada.

Impero Solutions pretending to be based out of Canada hasn’t gone unnoticed by Canadian authorities.

Quebec’s financial regulator Autorite des Marches Financiers has added Impero Solutions Limited to its “warning list of companies that solicit investors illegally”.

The British Columbia Securities Commissions also put out an Impero Solutions securities fraud notice on March 15th.

On or around December 2020 Impero Solutions presented this actor as their CEO, William Morrison.

The actor playing Morrison appears to have a British accent. He is very clearly reading off a script.

The actor playing Morrison misrepresents Impero Solutions’ Canadian incorporation as requiring an audit, and giving the company permission to offer securities all over the world.

As opposed to going the usual Boris CEO route and uploading a rented office video, Impero Solutions staged a catered corporate event.

Likely to mask the accent of the extras hired, the video is dubbed over with elevator music.

I didn’t find anything overtly Russian in the video but this is typically the playbook of Russian scammers.

What I did find was a reference to RedHelper in Impero Solution’s website source-code:

RedHelper are behind the chat bot functionality that appears on Impero Solution’s website.

RedHelper doesn’t have anything to with Impero Solutions beyond providing a web service. It is however a Russian company targeting Russian clients.

Impero Solutions appears to be Russian scammers pretending to be in Canada with the usual Boris CEO actor videos.

Alexa currently ranks the top sources of traffic to Impero Solutions as the US (65%), Canada (4%) and Australia (2%).

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…]