A Singapore Police Force report is doing the rounds, suggesting Torque Trading is preemptively hoping to undermine victim complaints. [Continue reading…]

VRDa1 provides no information on its website about who owns or runs the company.

The only names attached to the company are a group VRDa1 refers to as its “league of legends”; Waqas Suhail, Mahfooz Elahi, Saikat Kumar, Hussain Al Lawati, Mohammad Othman and M. Faisal Suhail.

These individual’s specific roles within VRDa1 is not disclosed on the company’s website.

They are however involved in running the company.

Mohammad Othman, for example, is featured in VRDa1’s official compensation videos. I was able to ascertain the remaining executive roles by cross-referencing social media profiles.

I ran an MLM related search on each of VRDa1’s “legends”. Here’s what I found:

Waqas Suhail is from Pakistan and hiding out in Dubai. He is VRDa1’s founder and CEO.

Prior to VRDa1 Suhail worked as the LEO’s General Manager for the Dubai region.

LEO was a Ponzi scheme run by Dan Andersson that primarily targeted Pakistan and neighboring countries.

Mahfooz Elahi is from Pakistan and hosts VRDa1 promotional events. Elahi is also a former LEO Ponzi promoter.

Saikat Kumar is from India and lives in Dubai. He is a Director of VRDa1.

I wasn’t able to ascertain Kumar’s MLM history. His involvement in VRDa1 seems to be through his Skycap Investment Management company.

Hussain Al Lawati is a Director of VRDa1. I wasn’t able to ascertain anything further.

Mohammad Othman shouts at people as a presenter of VRDa1 video presentations. I wasn’t able to ascertain anything further.

Nothing comes up for M. Faisal Suhail outside of VRDa1. I’m assuming this is because of the intentional name obfuscation (possible relation to Waqas Suhail).

In any event, VRDa1 came about in late 2019, following the collapse of LEO.

Waqas Suhail’s Facebook post reveals he left Humanitas Meritus FZ LLC in October 2019.

Humanitas Meritus FZ LLC was one of the many shell companies used to steal LEO investor funds through.

A few months after acknowledging leaving Humanitas Meritus (which collapsed earlier in 2020), Suhail announced VRDa1.

In a nutshell, VRDa1 is a bunch of LEO Ponzi scammers from the UAE, Pakistan and India, banding together to run their own scheme.

Read on for a full review of VRDa1’s MLM opportunity. [Continue reading…]

It’s important to note that until authorities get involved, take anything coming from Ponzi admins in the midst of a collapse with a grain of salt.

That said until Singaporean authorities make a move, we’ll do our best to cover Torque Trading’s exit-scam developments.

The latest from the Torque Trading camp has seen CFO Zee Wu blamed for the collapse.

Conveniently, Wu has purportedly disappeared. [Continue reading…]

On January 28th, attorneys from the law firm Krantz & Berman LLP put in a notice of appearance for Gilbert Armenta.

Armenta is a defendant in the OneCoin victim class-action.

On February 16th,  just shy of three weeks into representing Armenta, the Krantz & Berman LLP attorneys have withdrawn. [Continue reading…]

A technicality ruling by the Fourth Circuit will see Roman Balanko and VictoriaBank keep $13.1 million in stolen Zeek Rewards victim funds. [Continue reading…]

Coincidence or not I have no idea but less than 24 hours after we called them out on it, Investview disclosed iGenius in new SEC filings.

Well, sort of. [Continue reading…]

Coming up on three years of prelaunch stalling, OnPassive has announced its first actual product made available to affiliates.

It’s a far cry from the promised AI marketing suite that was supposed to cHaNgE tHe WoRlD! [Continue reading…]

The Philippines SEC has issued Solmax Global and its Igniter 100 Ponzi scheme with a securities fraud warning. [Continue reading…]

Through a web of financial mismanagement and corruption, officials of the Samoan Independent Seventh Day Adventist church in New Zealand stole millions from its congregation.

A lot of the stolen money was pocketed by the officials themselves. The rest was  ploughed into OneCoin and other fraudulent investment schemes. [Continue reading…]

Likely emboldened by the SEC’s lack of action for years, Investview has rebooted Kuvera Global as iGenius.

At the time of publication Kuvera Global’s former website domain now redirects to iGenius.

iGenius is headed up by Chad Garner.

Garner (right) has been with Investview since the Wealth Generators days.

Wealth Generators saw Investview combine investment advice with MLM. Garner was President of Wealth Generators.

In 2018 the CFTC confirmed Wealth Generators ‘illegally offer(ed) forex and binary options to retail investors in the United States‘.

The regulator filed suit against Wealth Generators to ‘protect (consumers) from fraud and other abusive practices.‘

Investview settled the CFTC’s charges for $150,000.

By the time the CFTC settlement was made public, Investview had renamed Wealth Generators to Kuvera Global.

The name change saw Investview pivot from forex fraud to crypto related securities fraud.

Chad Garner was President of Kuvera Global.

Between 2018 and late 2020 Kuvera Global launched numerous crypto related MLM opportunities.

To the best of my knowledge none of these opportunities were disclosed to the SEC, at least not to the degree the fraudulent schemes actually functioned.

Following on and off suspension of ROI payments beginning October 2018, Kuvera Global finally palmed off investor losses to Westmyn and Travis Bott in February 2020.

Again, Investview failed to disclose any of this to the SEC.

Other than killing off Kuvera Global, the only other notable business activity of Investview in 2020 was launching Ndau.

Ndau seems to be some non-MLM shitcoin investment opportunity.

Ndau is publicly tradeable, and following its launch in August 2020, followed the typical shitcoin pump and dump trajectory.

As the above chart shows, Ndau’s slow dump continued until iGenius’ launch in January 2021.

Kuvera Global seems to have been officially killed off towards the end of 2020, bringing us to iGenius.

Investview officially unveiled iGenius via press-release on January 14th, 2021.

Investview … today unveiled its new brand: iGenius.

The iGenius brand represents our stake in the fintech arena and better positions us to distribute new and innovative products, such as ndau, around the world.

The decision to rebrand to iGenius was made to better align the company’s advanced technological infrastructure, superior product offerings, increased customer retention and new partnerships with experienced global distributors.

iGenius will launch the ndau product packages to its customers on Tuesday, January 19th at 1 pm eastern along with their website.

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