US authorities’ efforts to extradite Kristijan Krstic and several accomplices have hit a roadblock.

In a decision handed down either earlier this week or late last week, the Belgrade Court of Appeals has overturned previously granted extradition requests. [Continue reading…]

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

Bitflow Asset’s website domain (“bitflowasset.com”) was privately registered on September 8th, 2020.

A marketing video on Bitflow Asset’s website features some guy standing infront of a greenscreen.

The video gives off a strong Fiverr actor vibe, because that’s exactly what it is:

In an attempt to appear legitimate, Bitflow Asset provides a UK incorporation certificate on its website.

Bitflow Investments 427 Limited was incorporated back in 2015. Whether it has anything to do with Bitflow Assets is unclear.

In any event, UK incorporation is dirt cheap and effectively unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.

For the purpose of performing MLM due-diligence, UK incorporation is meaningless.

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…]

Espian Global provides no information about who owns or runs the company.

Espian Global’s website domain (“espianglobal.com”) was privately registered on January 2nd, 2021.

In an attempt to appear legitimate, Espian Global provides three corporate addresses on their website; one each in the UK, Poland and Malaysia.

The UK address belongs to a hotel. The Polish address is spelt wrong and the Malaysian address belongs to an IT company.

It is highly unlikely that Espian Global has a physical presence at any of these locations.

Alexa currently estimates India and Nigeria make up 82.5% of traffic to Espian Global’s website.

Whoever is running the company is likely based out of one of these two countries.

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…]

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

FBC’s website domain (“fbc-limited.com”) was privately registered on November 5th, 2020.

Despite not existing until a few months ago, on its website FBC falsely claims it has been around since 2012.

In an attempt to appear legitimate, FBC provides a UK incorporation certificate for Finance & Business Consulting Limited.

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

For the purpose of performing MLM due-diligence, UK incorporation is meaningless.

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…]

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

EzyTRX’s website domain (“ezytrx.io”) was privately registered on September 5th, 2020.

On its website EzyTRX falsely claims the company ‘has no company, no leaders, or admins)’.

On EzyTRX’s official YouTube channel, the founder of the company is revealed to be Nicklaus D’Cruz.

On his LinkedIn profile D’Cruz cites himself as a “crypto & blockchain investor” based out of Singapore.

I wasn’t able to put together an MLM history on D’Cruz.

Having gone over EzyTRX’s business model below however, I’m confident D’Cruz has experience with smart-contract fraud.

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

The Eclipcity Global Ponzi scheme has collapsed. Owner Andreas Kartrud is yet to publicly acknowledge the collapse.

For details we instead turn to Ponzi veteran T. LeMont Silver.

Silver (right) made a name for himself as a Zeek Rewards net-winner back in 2011. As per filed clawback litigation, Silver stole over a million dollars from Zeek victims.

After the SEC shut down Zeek Rewards in 2012, Silver uprooted his family and fled to the Dominican Republic.

There he doubled down on gaining Ponzi notoriety with BitClub Network.

We last came across Silver in late 2019 pushing 3 to 5 Years, a short-lived forex scam.

About six months ago Silver debuted on YouTube as “The Professor”.

As The Professor, Silver has been promoting various MLM crypto scams. The latest of which was Kartrud’s Eclipcity Global. [Continue reading…]

Divine Prosperity Blossom is a bit of an odd opportunity for me to review.

As best I can tell Divine Prosperity Blossom doesn’t have a website. Promotion and recruitment primarily takes place via word of mouth and social media (Group Me).

Still, someone somewhere is keeping track of payments within the scheme.

I became aware of Divine Prosperity Blossom following news reports out of South Africa.

Divine Prosperity Blossom purportedly started in the US, but has since spread to South Africa and Australia. [Continue reading…]

The Australian Securities and Investments Commission has emerged as a regulator of choice for scammers.

Despite being a financial regulator, ASIC operates at a snail’s pace and has no actual power of offshore scammers who feed it bogus details.

Nowhere is this better on display then with the recently collapsed Beurax Ponzi scheme. [Continue reading…]

What’s left of R Network is being funneled into newly launched iX Global.

The transition is being framed as a “partnership” and was announced earlier this month.

Presumably the “partnership” includes an undisclosed financial agreement with R Network founder Richard Smith. [Continue reading…]

DDK was a Ponzi points scheme launched in 2018.

The MLM cypto scam primarily targeted investors in Malaysia, Indonesia and Brunei.

Heading up DDK were married co-founders Azrainuddin Zainal (aka Arai Ezzra) and Nur Ezdiani Baharoddin. Serving as DDK’s CEO was Nurshuhada Zainal. [Continue reading…]