Ghanaian authorities seem to be having a hard time reining in QNet scammers.

Despite multiple arrests and deportations, QNet recruitment efforts persist. [Continue reading…]

The recently rebranded QubitLife has launched the final stage of its Ponzi scheme: QDT.

QDT is a token QubitLife is selling to the public through a “QICO”. [Continue reading…]

Following a request by the SEC on February 18th, the iPro Network civil trial has been delayed for a fifth time.

As revealed in a subsequent stipulation, this time the delay is attributable to the use of gift cards in iPro Network. [Continue reading…]

Back in April 2020 the CFTC filed charges against Alan Friedland (right) and his companies Fintech Investment Group and Compcoin.

BehindMLM didn’t cover the lawsuit because it was unrelated to the MLM industry.

In light of Friedland being outed as the architect behind the recently launched NRGY smart-contract Ponzi scheme however, I felt it worthwhile to examine the CFTC’s case against him.

Given the similarities between the CFTC’s alleged misconduct and NRGY, by the end of this article you’ll understand why. [Continue reading…]

In its ongoing case against Success by Health and owner Jay Noland, the FTC has moved for summary judgement with respect to liability.

As summarized by the FTC, their case against SBH and Noland is as follows: [Continue reading…]

In an attempt to overturn the granted preliminary injunction against Success by Health and owner Jay Noland, one hundred and eight SBH affiliates submitted filed declarations.

Ignoring the FTC’s legal arguments, some SBH affiliates instead raised allegations of racism.

The Court considered Defendants’ arguments about those allegations and stated:

“This is a frivolous argument and the Individual Defendants’ counsel should be ashamed for raising it.”

Consequently that effort to overturn the granted preliminary injunction failed.

Now a much smaller group of affiliates, numbering thirty-three and assumed to be among Success by Health’s top earners, are seeking to intervene.

This follows a previous attempt a few months ago to join the case as defendant parties.

The SBH affiliate’s intervention motion is once again an attempt to overturn the granted preliminary injunction.

In opposition to the requested intervention, the FTC has provided some remarkable revelations. [Continue reading…]

Afghanistan’s Ministry of the Interior has banned QNet nationwide.

Forty QNet staff and promoters in Kabul have also been arrested on fraud charges. [Continue reading…]

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

EtherConnect’s website domain (“etherconnect.co”) was privately registered on January 12th, 2021.

From its company logo to its marketing material, EtherConnect represents itself as a reboot of the notorious BitConnect Ponzi scheme.

The following is from EtherConnect’s official marketing presentation;

As everyone knows that Bitconnect limited closed it operation around the world due to Government Regulation in 2018, But now Bitconnect is back with complete legal registration in Estonia & United Kingdom with its strong community.

Bitconnect is launching its new updated platform Etherconnect.

Although it’s likely that whoever is behind EtherConnect was involved in BitConnect, I’m doubtful its the same owners.

BitConnect was an MLM crypto Ponzi scheme launched in 2016.

In early 2018 BitConnect attracted the attention of US regulators in Texas and North Carolina, prompting its top US promoter Glenn Arcaro to flee.

Arcaro, who is believed to have stolen millions through BitConnect, remains in hiding.

A week after Arcaro fled, BitConnect collapsed.

Over the coming months Trevon James, one of Arcaro’s accomplices, confirmed an FBI investigation into BitConnect.

Craig Grant, another of Arcaro’s accomplices, later confirmed the SEC were also investigating.

In late 2018 a report out of India suggested US authorities were looking to recover $5.6 billion from Indian nationals Satish Kumbhani and Divyesh Darji.

Kumbhani and Darji are believed to be the architects of BitConnect.

Darji was arrested by Indian authorities in August 2018. Satish Kumbhani was arrested in June 2019.

Reports out of India revealed the FBI had sent agents to interrogate Kumbhani following his arrest.

In February 2019 the FBI directly reached out to BitConnect victims.

Since 2019 there have been no significant public developments from US authorities with respect to BitConnect.

The current status of any ongoing US investigations into BitConnect is unknown.

Given this, I’m highly doubtful any of the BitConnect OG crew are behind EtherConnect.

They already stole billions. It makes no sense to return with a clone scam.

At the time of publication Alexa ranks the US as the primary source of traffic to EtherConnect’s website (85%).

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

Within an hour or so of our NRGY smart-contract Ponzi review going live, Duane Noble showed up in the comments below to aggressively defend it.

This seemed kind of odd, as Duane seemed to take NRGY being correctly identified as a Ponzi scheme personally.

Anyway, courtesy of Chris Hawk Jones, mystery solved. [Continue reading…]

Go9Tro provides no information on its website about who owns or runs the company.

Go9Tro’s website domain (“go9tro.io”) was first registered in August 2019. The private registration was last updated on September 10th, 2020.

In the about section of its official YouTube channel, Go9Tro provides an address in Japan.

Further research reveals this address belongs to WeWork. WeWork is an unrelated co-working location provider.

The first video uploaded to Go9Tro features a Chinese video description:

Without reading too much into this, it suggests whoever is behind Go9Tro is from south-east Asia.

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…]