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…]

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

Namiro’s website domain (“namiro.org”) was registered on Februray 12th, 2020. The private registration was last updated in April 2020.

Although not definitive, Namiro’s use of euros suggests whoever is running it is based out of Europe.

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…]

Swag also goes by just Swag Mining and Swag Network.

Swag’s parent company is presented as Swag Ou (aka Swag Corporate), which appears to be an Estonian shell company.

• Swag Mining  (swagmining.com) – privately registered on Feb 26th 2020, Italian hosting
• Swag (swagyourlife.com) – first registered in 2019, domain registration currently private and last updated in June 2020, Italian hosting
• Swag Corporate (swag-corporate.com) – privately registered in June 2020, Italian hosting

Swag’s website defaults to Italian. This suggests whoever owns the company is at the very least of Italian origin, if not running the company out of Italy itself.

Supporting this is six of Swag’s current “best promoters of the month” being from Italy. The other two are from Spain.

As above, Swag’s company websites were registered through an Italian registrar and are hosted in Italy.

The only name featured on Swag’s websites is Gabriele Stampa (right).

Stampa is credited as

Co-Founder of the first and largest Italian mining farm and active member of the Scientific Board of Scrypta Fondation and Assocoin.

As per Stampa’s LinkedIn profile, he’s a Swag co-founder dating back to July 2019.

Stampa is based out of Florence in Italy, which is likely where the company is actually being operated from.

Supporting this is the domain registration for swagmining.com. Although the majority of registration details are “redacted for privacy”, we can see the registrant’s state and country is LI, IT.

This stands for the province of Livorno in Italy. Livorno is a province in the Tuscany region of Italy. Florence is the capital of Italy’s Tuscany region.

Based on his LinkedIn profile data, Gabriele Stampa appears to be your typical crypto bro.

Stampa cites involvement in a number of cryptocurrency projects, none which appear to have gone anywhere.

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

A OneCoin promoter in Ecuador has been sentenced to five years in prison.

Ivonne Ortiz was a prominent promoter of the OneCoin Ponzi scheme in Ecuador.

Ortiz featured in official OneCoin marketing material, appearing to be pretty high up the food chain. [Continue reading…]

Roughly twelve hours ago or thereabouts, QuibitTech AI’s website went down – along with the website domain.

The Ponzi scheme’s social media accounts are still up, with QuibitTech’s Twitter account redirecting investors to a new website domain.

Naturally, the provided reason for QubitTech’s website downtime doesn’t add up. [Continue reading…]