A clearer picture of Torque Trading’s collapse is emerging.

In the lead up to the collapse, CEO Bernard Ong was showing off high-priced purchases on social media. [Continue reading…]

The Torque Trading Ponzi scheme has collapsed.

Daily returns have been disabled, with Bernard Ong blaming the collapse on an employee. [Continue reading…]

There are three components of ImplusX; ImpulsX Passive, ImpulsX Trading and the EurekaX crypto exchange.

All three of these entities run on separate websites, none of which disclose company ownership information.

EurekaX is a cryptocurrency exchange owned, either wholly or partly by CEO Darren Bradbury.

Darren Bradbury (right) is a long-time serial scammer. He first appeared on BehindMLM back in 2017 as owner of PowerHouse Feeder.

In the review linked above we detail Bradbury’s promotion of fraudulent schemes prior to running them.

Bradbury popped up again on BehindMLM in 2019, as owner of the My Passive Trades Ponzi scheme.

Within a year My Passive Trades had collapsed twice. We documented the second collapse in May 2020, noting Bradbury’s transition to cryptocurrency fraud.

Bradbury launched EurekaCoin in late 2019.

Bradbury (right) creates ERK out of thin air, then uses it to pay My Passive Trades investors.

ERK is publicly tradeable and listed on a few dodgy exchanges. After debuting at 0.6 cents last December, ERK is currently trading at around 1 cent.

ERK flatlined at 1 to 2 cents for most of 2020. Coinciding with the launch of Implusx Passive in late 2020, ERK pumped to 8 cents.

Throughout October and November ERK dumped below 2 cents. It’s been hovering around 2 to 3 cents since.

From EurekaCoin you get EurekaExchange. Which handles the cryptocurrency side of ImplusX.

Bradbury has teamed up with Mark Verdellen to launch ImplusX. Verdellen is the only credited ImpulsX founder.

Less than a year ago Verdellen (right) was promoting the Elysium Capital Ponzi scheme.

Darren Bradbury is based out of the UK. According to his LinkedIn profile, Mark Verdellen is based out of the Netherlands.

Read on for a full review of the ImplusX MLM opportunity. [Continue reading…]

As far as I can tell Commodum currently doesn’t have a website.

The company was running from “commodum.one” at some stage, but that domain has since been abandoned.

Instead Commodum is run through a private Facebook group.

Commodum’s Facebook group, created in April 2020, has four admins; Keld Mathiesen, Svend Rasmussen, Aboubacar Sylla and Jamshed Khan.

Svend Rasmussen (right)was owner of the collapsed Quaestor Solutions Ponzi scheme.

The other three Commodum group admins were Quaestor Solutions promoters.

Quaestor Solutions’ collapse began February 2019, when  Rasmussen announced he would be withholding returns unless  new investors were recruited.

In March 2019 Rasmussen attempted to attach Quaestor Coin to boxing. These plans were abandoned by December the same year.

In 2020 Rasmussen executed a private exchange exit-scam. Cryptosook was launched, and with it Rasmussen created a new Ponzi coin; CryptoSook Dollar.

CryptoSook was abandoned in mid to late 2020, leaving QST token investors holding a worthless Ponzi token.

Commodum was announced in June 2020.

Svend Rasmussen operates his various schemes from Abenra, Denmark.

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

BehindMLM first reviewed Mint Builder back in 2018.

A reader left a comment on our review last month to advise there have since been several changes made to the MLM offering.

Today we revisit Mint Builder for an updated review. [Continue reading…]

Riseoo operates in the cryptocurrency and  ecommerce MLM niches.

The company provides two corporate offices on its website, one in Dubai and one in India.

Riseoo’s Dubai address is incomplete, suggesting it a virtual office address. The Indian address in Uttar Pradesh.

Riseoo is headed up by co-founders Vaibhav and Kshitij Adhlakha.

Vaibhav serves as Riseoo’s CEO. Kshitij is the company’s COO.

According to their Riseoo corporate bio, the Adhlakhas are “accomplished industry experts”.

Both of them have more than a decade of strong entrepreneurial experience in multiple industries.

They ideated [sic] QuickX, a Blockchain Technology that performs transactions off the chain for the same Blockchain assets and utilizes pooling facilitators who supply liquidity for cross-chain transfers.

QuickX is a shit token that was attached to the Crypto Advice Ponzi scheme.

Crypto Advice was headed up by CEO “Jordan Lucas”, who is believed to have been a paid actor. It seems the Adhlakha brothers were behind the scam.

Crypto Advice launched in late 2018. By August 2019 the Ponzi scheme had collapsed.

The Adhlakha’s victims were left bagholding worthless QCX tokens (1.1 cent flatline since Crypto Advice collapsed).

Other than scamming people through Crypto Advice and Quickx, the Adhlakhas haven’t achieved anything of significance within the MLM industry.

Although Kshitij Adhlakha’s LinkedIn profile cites him in Dubai, I believe both brothers are based out of India.

At the time of publication Alexa estimates 87% of Riseoo’s website traffic originates out of India.

Riseoo’s official Facebook page is also exclusively managed by admins in India.

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

Although we became aware of indictments handed down to members of Krsitijan Krstic’s Ponzi empire last week, they remained under seal – meaning we didn’t have access to any details.

As a result of the arrest of Krstic’s accomplice Haojia Miao, a redacted copy of the indictment was made available on his Texas case docket on February 5th. [Continue reading…]

Haojia Miao, aka Haljia Miao and Stan Miao, is part of Kristijan Krstic’s Ponzi empire.

Miao, a Californian resident, was arrested by the FBI October 7th. [Continue reading…]

CHY Mall, aka Century Heng Yue Group Limited, has received a securities fraud warning in Ghana.

As per Ghana’s SEC warning dated January 8th; [Continue reading…]

The first Serbian member of Kristijan Krstic’s Ponzi empire has been extradited to the US.

Antonije Stojilkovic was arrested in July 2020 in Belgrade, on behalf of US authorities.

Stojilkovic consented to extradition, and was escorted by FBI agents to Texas on February 4th.

Stojilkovic is now facing charges related to participation in Krstic’s $70 million+ Ponzi empire. [Continue reading…]