Torexo Finance provides no information on its website about who owns or runs the company.

In fact as I write this, Torexo Finance’s website is nothing more than an expired launch timer.

An official Torexo Finance marketing presentation cites “Leonardo Santoro” as founder of the company.

Santoro doesn’t exist outside of Torexo Finance’s marketing material. He’s also depicted against a greenscreen backdrop of a virtual office, making him a prime Boris CEO candidate.

Torexo Finance’s website domain (“torexo.com”) was originally registered in 2018.

The private registration was last updated on May 7th, 2021. This is likely when Torexo Finance’s owners took possession of the domain.

This is supported by a search of the Wayback Machine, which reveals Torexo Finance’s website domain was for sale up until it was purchased this month.

Despite not existing until a few weeks ago, in their official marketing material, Torexo Finance falsely claims;

The history of the Torexo company began in 2016 when Leonardo Santoro created a team of traders and trust management pool from several dozen clients.

If we look at the source-code of Torexo Finance’s website, we can see HTML elements in Russian:

This strongly suggests Torexo Finance is being run by someone from Russia or the Ukraine.

Supporting this is Alexa traffic estimates, which peg the top sources of traffic to Torexo Finance’s website as Russia (45%), Vietnam (15%) and the Ukraine (11%).

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…]

Two interesting updates have come from a May 27th Status Conference in Sebastian Greenwood’s criminal case.

The first update is that efforts to negotiate a pre-trial disposition of the case have thus far been unsuccessful.

As explained by prosecuting DOJ attorney Nicholas Folly; [Continue reading…]

Earlier this month we reported on the FTC reaching settlements with several Digital Income Systems defendants.

On May 26th the FTC filed notices of settlement approval for defendants Jennifer Hedrick (aka Jennifer Maurer), Derek Jones Foley and William Foley, Christopher Brandon Frye and Kaitlyn Scott. [Continue reading…]

In our last Success by Health update we noted the court had given

Success by Health until May 21st to ‘file a motion to dissolve or modify the Preliminary Injunction and receivership’.

To that end Success by Health filed a memorandum detailing what they believed the recent AMG decision had on the FTC’s case.

Three days before that was filed however, the FTC filed a motion requesting a new preliminary injunction be granted. [Continue reading…]

The Global Trade Club defendants are heading towards settlement agreements with the CFTC. [Continue reading…]

As part of the fallout of the AMG decision wreaking havoc on FTC regulatory cases, the VPL Receivership is schedule to be discharged.

The VPL Receivership was established as part of the FTC’s ongoing Redwood Scientific Technologies fraud case. [Continue reading…]

In late April PetronPay disabled withdrawals and effectively collapsed.

Not content to just do a runner with invested funds, PetronPay’s anonymous admins initiated the token exit-scam model. [Continue reading…]

QubitLife has been officially banned by Italian regulators.

The move by CONSOB, Italy’s top financial regulator, came a week before QubitLife informed 250,000+ victims it was disabling withdrawals. [Continue reading…]

Elysium Capital has informed investors it has closed its trading accounts.

In an email sent out to investors, Elysium Capital blamed its broker Equity Group. [Continue reading…]

Rostex Global is a Boris CEO Ponzi scheme that was recently added to BehindMLM’s review list.

Unfortunately it collapsed before I could publish a review. [Continue reading…]