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

SnapBots website domain (“snapbots.io”) was first registered in February 2018. The private registration was last updated on January 20th, 2020.

Further research reveals Torque Trading CEO Bernard Ong citing himself as SnapBots’ Chief Financial Officer on LinkedIn.

Ong officially held the position from March 2017 (prior to SnapBot’s launch) till August 2019.

Ong would go on to launch the Torque Trading Ponzi scheme in October 2019.

Up until recently SnapBots was listed as a project on Snap Innovations website:

Bernard Ong (right) is a Managing Director at Snap Innovations. Multiple Snap Innovations executives work in SnapBots and Torque Trading.

Snap Innovations is a Ponzi factory based out of Singapore. Known Ponzi schemes Snap Innovations is tied to include Cloud Token and Torque Trading.

Laughably, after Torque Trading recently collapsed Snap Innovations attempted to distance itself from its scamming.

The only Snap Innovations acknowledged to be part of SnapBots on the company’s website is SnapBots Ambassador Amin Sukisawn.

SnapBots marketing material additionally cites Snap Innovations executives Tan Duong and Donna Lee as SnapBots Ambassadors.

The rest of Snap Innovation’s executive team is credited as SnapBots’ “research team”.

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

Following Ivonne Ortiz’s five year prison sentence, OneCoin held a OneLife DealShaker event in Ecuador.

Speaking at the event was Raul Pazos Medina, who spent thirty minutes shouting at investors in attendance. [Continue reading…]

Beurax has received a securities fraud warning from the British Columbia Securities Commission.

As per the BCSC’s January 26th warning; [Continue reading…]

Boris CEO Ponzi schemes have become so commonplace, I tend to just assume any company with actors in a rented office is a Russian/Ukranian scam.

Wiseling with its feigned ties to Finland and executive actors who clearly weren’t from Finland, is a good example of this in practice.

Today Finnish authorities have confirmed Wiseling’s Boris CEO Matias Lappo doesn’t exist.

Footage has also tied Wiseling’s promotional videos to rented office space in St Petersburg. [Continue reading…]

GSPartners operates in the cryptocurrency niche.

The company provides no executive information on its website. Through our reporting on Karatbars International however, we know GSPartners was launched by Josip Heit.

Heit appeared on BehindMLM’s radar after Karatbars’ KaratGold Coin hype disaster in mid 2019.

In the lead up to the July 4th event, Karatbars CEO Harald Seiz had been promoting a 100 KBC to 1 gram of gold exchange.

That never happened, and KGC dumped 62% in public value shortly after the July 4th launch event.

In the wake of the marketing disaster, Harald Seiz was nowhere to be seen.

Instead Josip Heit, credited as Chairman of Karatbars Internationa’s Board, fronted angry investors in precorded videos.

The purpose of these videos was to come up with excuses for the Ponzi shitcoin’s dump.

This didn’t go down well with KGC investors, leading to Karatbars disabling comments on marketing videos featuring Heit.

Things get a bit murky over the next year and a half.

Karatbars’ KGC debacle saw regulatory warnings issued by Namibia, Germany, South Africa and New Zealand.

Sitting on funds they’d milked investors out of, Seiz and Heit laid low for most of 2019 and 2020.

Sometime in 2020 “Gold Standard” was launched, and along with it yet another token reboot. This time it was G999.

By September these plans had fallen through. Harald Seiz began promoting Freebay and V999, a spinoff of the G999 token.

If all of this sounds ridiculous to you, welcome to the MLM crypto niche.

Sometime between Gold Standard being announced and Freebay (mid 2020 or so), Harald Seiz and Josip Heit had a falling out.

Heit split from Karatbars and went on to launch GSPartners, retaining the original G999 shit token.

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

Beurax has received a securities fraud warning from South Africa’s Financial Sector Conduct Authority. [Continue reading…]

In the wake of Wiseling’s collapse, Ghana’s SEC has issued a securities fraud warning.

As per the SEC’s February 23rd notice; [Continue reading…]

As Wiseling’s admins attempt to placate angry investors on social media, it has been revealed that the actor playing CEO Matias Lappo has fled. [Continue reading…]

Griddy Pro is the MLM arm of Griddy, a wholesale electricity retailer.

One the concerns raised in our Griddy Pro review late last year was having to keep track of fluctuating rates.

If a Griddy customer wasn’t paying attention, they could easily rack up huge bills due to price spikes.

One historical example was a customer being charged $350 over eight days.

With Texas’ Winter Storm Uri this year, turns out that was just the tip of the iceberg. [Continue reading…]

WorldVentures has filed a lawsuit against Eddie Head.

As revealed in the lawsuit, the on again off again Seacret merger is officially dead. [Continue reading…]