TradeXLine Review: Three-tier crypto trading investment fraud

TradeXLine operates in the cryptocurrency MLM niche.

The company claims it’s headed up by “Christian Tremblay”. Trouble is Christian Tremblay doesn’t exist outside of TradeXLine marketing.

And even then we’re only talking three posed shots of some guy:

This strongly suggests an actor is playing Christian Tremblay.

Supporting this is another image on TradeXLine’s website, presumably representing their office:

Great example of terrible Photoshop. I particularly enjoyed the inserted stock image receptionists.

TradeXLine’s website domain (“txline.online”) was privately registered on October 29th, 2019.

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…]


CrossTrade Capital Review: The #1 best investment platform?

CrossTrade Capital provides no information on its website about who owns or runs the business.

Copy in the “about us” section of CrossTrade’s website is stolen from Pareto Asset Management:

As far as I can tell, Pareto Asset Management is an unrelated company that has been around for some time.

CrossTrade Capital’s website domain (“crosstrade-uk.com”) was first registered in 2005.

The domain registration was last updated on January 18th, 2019, and lists Schilov Andre as the owner.

The address used to register the domain is a residential apartment in New York City (US).

CrossTrade Capital’s official Facebook group has four admins; Linda K Carlisle, Patrick Tore, Sarah Walker and Anna Wise.

Throughout 2019 Linda Carlisle was promoting various cryptocurrency schemes. MyAddsUp for example is a 154% ROI AdPack Ponzi scheme.

Carlisle also promoted R Network and more recently, what appears to be a reboot of the failed MLM social network Tsu.

Patrick Tore identifies himself as CrossTrade Capital’s Chief Trader.

Tore’s Facebook account was created in August 2019 and only features CrossTrade Capital marketing material – so we’re not sure if he’s an actual person.

Sarah Walker claims to be a “team leader” at CrossTrade Capital. Not really sure what her MLM history is, although she does also claim to be a marketing consultant at Coca-Cola on Facebook.

Anna Wise was promoting “an investment that shaped my life financial” [sic] earlier this year, but has since deleted any reference to it.

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


FBS Review: Reliable forex trading? Too many red flags.

FBS provides no information as to who owns or runs the company on their website.

The company does disclose a series of linked shell companies;

  • FBS Inc. in the Marshall Islands
  • FBS Markets Inc. in Belize
  • HDC Technologies Ltd in Cyprus

All three are scam-friendly jurisdictions with little to no regulation of MLM companies.

FBS appears to have strong ties to India, with Alexa attributing 59% of traffic to FBS’ website to the country. Egypt is the second largest source of traffic at 4%.

FBS’ website domain (“fbs.com”) was first registered back in 1995. The current registration details are set to private.

Oddly enough FBS have excluded their domain from the Wayback Machine, making it difficult to tell when the current owners took possession of it.

FBS’ domain registration was last updated in July 2018. On their Facebook account FBS claims to have launched in 2009. Video uploads to FBS’ official YouTube channel began in 2012.

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…]


Weltsys Review: Francis Silva launches third Ponzi scheme?

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

Weltsys claims to be a Hong Kong based company but provides no evidence of incorporation.

Even then, Hong Kong incorporation would likely only have been used to register a shell company.

What I can confirm is Weltsys is tied to the Forcount. If you visit Forcount’s website, the following is displayed on the homepage footer:

Further research reveals Weltsys marketing confirming it’s a reboot of Forcount:

Forcount was a Ponzi scheme run by Francis Silva. BehindMLM reviewed Forcount, itself a reboot of the Cointherum Ponzi scheme, in May 2018.

More fleshed out than Cointherum’s “bitcoin doubler”, Forcount appears to have lasted up until a few months ago.

Alexa traffic estimates for Forcount’s website show a decline beginning around the start of October.

Comparatively, traffic to Weltsys’ website picked up in late November:

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



LeoCraft Review: 200% ROI in 14 days Ponzi scheme

LeoCraft provides no information on its website about who owns or runs the business.

Copy on LeoCraft’s “about us” section of their website features on the websites of a number of Ponzi schemes:

LeoCraft’s website domain (“leocraft.ltd”) was privately registered on July 19th, 2019.

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…]


OPM Wealth Review: Using credit to join a pyramid scheme

OPM Wealth disclose nothing about the opportunity on their website.

The entire site is basically a capture page, pitching visitors on the usual promises of riches.

In OPM Wealth’s case, they’re pitching “12 weeks to six figures annually”.

This isn’t going to be a standard review because there’s not really much to OPM Wealth.

There’s no retail side to the business, 100% of commissions are tied to recruitment. Part of the deal appears to be credit and loan fraud, and payments within OPM Wealth are made in bitcoin. [Continue reading…]


Coinfinesse Group Review: Coinfinity reboots after launch collapse

Coinfinesse Group began as Coinfinity. In the short time between me adding Coinfinity to the review list and beginning research for this review, Coinfinity collapsed.

Today Coinfinity’s old website domain redirects to Coinfinesse Group.

Coinfinesse Group’s website domain was registered on December 10th, 2019. Coinfinity Group had only launched a few weeks earlier.

Coinfinesse Group identifies Mario Helmut (below) as CEO of the company.

As per Helmut’s executive bio above, he claims to have “worked in the financial industry for more than 40 years”.

Perusal of Helmut’s LinkedIn profile reveals a claimed twenty-five year stint at Zurcher Kantonalbank.

This isn’t verifiable outside of Coinfinesse Group related marketing however. In fact, outside of a few recently crafted social media profiles, Mario Helmut has no digital footprint.

Two Mario Helmut Facebook profiles were only just created on the 11th and 27th of December, 2019.

While someone is definitely playing Mario Helmut, I’m flagging there being no digital footprint as highly suspicious.

The cynic in me feels that Helmut comes off as some old guy whoever is actually running Coinfinesse Group dug out of somewhere.

One last thing, I had a poke around but was unable to find out why Coinfinity was abandoned so soon after launch.

 

Update 30th December 2019 – Turns out while Coinfinity Group  as a company name did collapse around launch, it wasn’t because of financial reasons.

Upon learning of Coinfinity Group, an Austrian bitcoin brokerage firm going by Coinfinity threatened to sue them for trademark infringement.

And so Coinfinity Group became Coinfinesse Group in early December. /end update

 

Whoever is running Coinfinesse appears to have ties to and/or is based out of Europe.

Coinfinesse’s website was registered through a German registrar.

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



Crypto Pros Review 2.0: Matrix pyramid scheme goes two-tier

Crypto Pros’ original business model, reviewed here on BehindMLM in November 2018, has at some point collapsed.

This appears to have prompted owner Frank Hester to launch a new Crypto Pros compensation plan.

Not really sure when that happened, but today we revisit Crypto Pros for an updated review. [Continue reading…]


CMMT Revolution Review: 360% ROI crypto Ponzi

CMMT Revolution provides no information on its website about who owns or runs the business.

CMMT Revolution’s website domain (“cmmtrevolution.com”) was first registered in October 2018.

The private domain registration was last updated on December 10th, 2019.

Despite the original domain registration date, CMMT Revolution’s website only went live on or around June, 2019.

As archived by the WayBack Machine, CMMT Revolution was in prelaunch as of June 7th, 2019.

That said, CMMT marketing videos were uploaded to the company’s official YouTube channel in 2018.

This appears to be the basis behind the company’s claim “CMMT Revolution was founded in June 2018”.

Further research reveals CMMT marketing on YouTube naming Patrik Kowatsch as founder of the company.

Based on his Facebook post history, prior to CMMT Revolution Kowatsch (right) was involved in another MLM crypto mining opp. Possibly due to language-barriers I wasn’t able to pin down a name.

Finally, CMMT Revolution provides a corporate address in London on their website. This coincides with the UK incorporation of CMMT Revolution LTD in November 2018.

UK incorporation is dirt cheap and for the most part unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.

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


Zhunrize Receivership winds down

The Zhunrize Receiver has filed his sixteenth and final status report.

A December 19th motion also seeks to close the Zhunrize Receivership and discharge the Receiver. [Continue reading…]