Prizm & Roy Club Ponzi schemes collapse (Prizm Space?)

Aleksey Muratov’s Prizm and Roy Club Ponzi schemes have collapsed.

Both the Prizm and Roy Club websites have been pulled. Muratov continues to string PRIZM investors along with “Prizm Space”. [Continue reading…]


Gym Network Review: BNB to GYMNET token Ponzi scheme

Gym Network provides no executive or ownership information on its website.

Instead Alberto Mera, Lewis Mhlanga and Timur Ozturk are presented as low-tier staff to represent the company:

Further research reveals affiliates citing Claudio Catrini as Gym Network’s CEO:

Why Catrini isn’t on Gym Network’s website is unclear.

Catrini claims to be a “crypto lover”. This is a relatively new development that took place over the past year.

More recently still, Catrini has gotten into the “passive income” crypto niche:

As far as the MLM crypto space goes, passive income is typically code for investment fraud.

Prior to reinventing himself as a crypto bro, Catrini was involved in digital marketing. This has primarily been through Trendda and “Claudio Catrini Akademie GmbH.

Catrini co-founded Trendda in 2019.  Claudio Catrini Akademie has been around since 2003.

On the MLM side of things Catrini co-founded Athletic Factory in mid 2021:

Athletic Factory was a German fitness themed MLM (fitness appears to be a running theme for Catrini).

Athletic Factory’s website is still up but traffic to it is dead. Athletic Factory’s official FaceBook page was abandoned in November 2021, suggesting the company has been abandoned.

Gym Network’s website domain (“gymnetwork.io”), was privately registered on December 13th, 2021.

Also Supporting Athletic Factory collapsing is Catrini relocating from Germany to Bulgaria around the same time:

Bulgaria has a horrendous track record when it comes to MLM regulation.

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


Metafi Yielders collapsing, new withdrawal restrictions

The Metafi Yielders Ponzi scheme is collapsing.

In line with other MLM crypto Ponzis struggling to put off the inevitable, Metafi Yielders has introduced withdrawal restrictions. [Continue reading…]


Eddy Alexandre’s initial court appearance and what’s next

EminiFX owner Eddy Alexandre was arrested in New York on May 12th.

Later that same day Alexandre made his initial court appearance.

Here’s what happened, and what’s next. [Continue reading…]



Joseph Ford Jr., US police officer promoting MLM crypto Ponzis

Joseph Ford Jr., a Californian federal police officer, is promoting MLM crypto Ponzi schemes on YouTube.

Ruh-roh… [Continue reading…]


EminiFX Receiver reaches out, requests investor details

The court-appointed EminiFX Temporary Receiver has set up a website and made contact with investors. [Continue reading…]


Swapnex Ponzi collapses, withdrawals slashed to $100

The Swapnex Ponzi scheme has collapsed.

As per a communication to investors, Swapnex withdrawals have been restricted. [Continue reading…]



Antares Trade 2.0 & Alcor Trade collapse, withdrawals disabled

The Antares Trade 2.0 and Alcor Trade Ponzi schemes have collapsed.

Investors began reporting withdrawal problems earlier today. [Continue reading…]


Paymara collapses, reboots NFT Ponzi as Paymara Meta

The Paymara Ponzi scheme has collapsed.

Scammers behind Paymara have rebooted the Ponzi scheme under Paymara Meta.

Oh and they’re also jumping on the NFT fraud bandwagon. Because y’know, why not. [Continue reading…]


Andrey Khovratov arrest footage, Bobcoin legal threats

Footage of EvoRich owner Andrey Khovratov’s arrest has surfaced.

The undated footage, released by Russian authorities, appears to depict Khovratov’s arrest last month.

Khovratov had attempted to flee Russia with one or more accomplices at the scene.

Khovratov was briefly questioned in the airport carpark he was arrested in: [Continue reading…]