HyperFund has received a securities fraud warning from the UK’s Financial Conduct Authority.

HyperFund is part of HyperTech, owned by Ryan Xu. [Continue reading…]

The bid by Success by Health affiliates to intervene in the FTC’s regulatory case has been denied.

The denied second motion to intervene follows an earlier attempt, which was also denied. [Continue reading…]

CashFX Group has received a securities fraud warning from New Zealand’s Financial Markets Authority (FMA). [Continue reading…]

Late last month I was engaged with a reader pretending retail customers had interest in Be’s apps.

At the time I noted Be had changed their website domain from “befactor.com” to “berules.com”.

Considering the Be reboot of Melius was not that old itself, I flagged this as a strange.

MLM companies don’t change their website domain on a whim.

For all my poking around though, I couldn’t figure out why Be abruptly changed their website domain.

Today that mystery was solved.

Back on December 2nd, Quebec’s Autorite Des Marches Financiers issued a fraud warning against BeFactor. [Continue reading…]

The Token Network operates in the cryptocurrency MLM niche. The company fails to provide a corporate address on its website.

Heading up The Token Network is Project Manager Benjamin Kang:

According to Kang’s LinkedIn profile he’s based out of Germany. This is presumably where The Token Network is operated from.

Throughout most of the 2010s Kang participated in and promoted various poker tournaments.

In mid 2020 Kang appears to have decided he wanted to be a crypto bro. Cue The Token Network’s launch on or around October 2020.

As far as I can tell Kang has neither MLM or cryptocurrency executive experience prior to The Token Network.

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

Mining City has dropped its mining revenue facade. The company is now paying fixed returns on a schedule.

Mining City’s fixed returns are being marketed as “payment plans”. [Continue reading…]

Graham Frame has dropped the “guaranteed minimum value” for his WESA tokens.

Turns out manipulating the sell value for Ponzi tokens only works if there’s new investment rolling in.

What a shock. [Continue reading…]

Company owner Hassan Mahmoud is gearing up to reboot his collapsed Eaconomy forex opp.

Rather than a straight reboot, Mahmoud has revealed he’s partnered Eaconomy with Beyond. [Continue reading…]

Bulavita appears to have been sold off to Juuva.

Which is kind of strange, seeing as Bulavita itself is barely a year old. [Continue reading…]

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

CopyProTraders’ website domain (“copyprotraders.com”) was privately registered on October 17th, 2020.

Further research reveals CopyProTraders affiliates citing Antione McBay as founder of the company:

Rather than just be upfront about company ownership, on LinkedIn McBay refers to himself as CopyProTraders’ “servant” (cringe) and Chairman.

Antione McBay seems to have made a name for himself in the early 2000s and 2010s promoting Max International and Momentis.

McBay’s Facebook page has him “from Dallas, Texas”. His LinkedIn profile cites him in Vietnam.

It appears that although McBay is a US citizen from Texas, approximately three years ago he relocated to Vietnam.

McBay’s move to Vietnam saw him get into cryptocurrency fraud, via promotion of BitAnex and E-Platform 365.

BitAnex is some ERC-20 shit token. I wasn’t able to ascertain if there was a separate income opportunity attached to it. I did note it was promoted alongside E-Platform 365.

E-Platform 365 was a daily returns Ponzi scheme operating under the guise of cashback.

After E-Platform 365 collapsed I wasn’t able to ascertain whether McBay continued to promote crypto scams.

At some point he joined QuiAri and was part of “Quiari Team Vietnam”.

McBay was still promoting QuiAri into mid 2020, which leads us to CopyProTraders’ end of year launch.

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