A CashFX Group securities fraud warning has been issued by Saskatchewan’s FInancial and Consumer Affairs Authority. [Continue reading…]

Calerie operates in the nutritional supplement MLM niche.

The company is based out of California and is headed up by founder and CEO Roy Truett.

Prior to co-founding Calerie, Truett (right) worked as President for Asia Pacific and Africa at Jeunesse.

MLM executive positions Truett held before Jeunesse include

• President of International [sic] at Nerium (now Neora)
• COO at Mannatech and
• COO at Usana

Of note is Truett’s social media profiles citing him residing in Salt Lake City, Utah.

Whether Calerie actually operates from California or Utah is unclear.

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

Defendant discovery costs in the Circle Of Success class-action are expected to top one million dollars.

To date individual defendants have collectively spent $128,980 responding to discovery requests. [Continue reading…]

OSM Software Solutions (aka OSM Techno), provides no information on its website about who owns or runs the company.

OSM Software Solutions’ website domain (“osmtechno.com”) was privately registered on October 30th, 2020.

On YouTube OSM Software Solutions goes by Osmose Technology Pvt Ltd.

Osmose Technology has its own website, on which it discloses;

Osmose Technology Pvt Ltd was established in 2019 & is headquartered in Pune India.

No executive information is provided.

Publicly available corporate records reveal three Osmose Technology Directors; Prashant Ramchandra Roundale, Vijay Baburao Mahajan and Avinash Shankar Asabe.

Possibly due to language barriers, I was unable to find concrete information on any of these individuals myself.

What I did find is a great research piece by Kotian of ViewsNews, who provides insight into the corporate structure and key promoters of OSM Software Solutions.

Unfortunately only Avinash Asabe has a face (right). Supposedly Vijay Mahajan is on the run. Prashant Roundale isn’t mentioned in the piece.

In any event, for whatever reason Roundale, Mahajan and Asabe are running OSM Software Solutions from the city of Pune, in Maharashtra, India.

For whatever reason they aren’t keen on providing this information on either OSM Software Solutions’ or Osmose Technology’s respective websites.

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…]

The Financial Commission is feeling the heat, prompting the independent organization to distance itself from Daisy AI’s Anna Becker. [Continue reading…]

Finalmente Global’s Kobus van der Merwe appears to be feeling the heat, such that he’s uploaded “Finalmente Global Final Video” to YouTube.

In the January 23rd video van der Merwe blames recent liquidation proceedings for Finalmente Global’s collapse. [Continue reading…]

Following a preliminary injunction being granted against Digital Income System promoters Brandon Frye and Kaitlyn Scott, the FTC has now moved for default judgment. [Continue reading…]

Undelivered mail in the Traffic Monsoon SEC case suggests owner Charles Scoville may have been released from jail. [Continue reading…]

Just Been Paid was a notorious Ponzi scheme from the early 2000s.

The scheme was run by Frederick Mann, an elusive old white guy from South Africa.

After the initial Just Been Paid Ponzi collapsed, over the years Mann rebooted the scheme as JSS-Tripler, JBP’s Synergy Surf (JSS), JSS-Booster and JSS-Warp.

There were also various clones launched, hoping to capitalize on Just Been Paid’s notoriety.

Last month someone resurrected Just Been Paid to launch a low-effort smart contract Ponzi. [Continue reading…]

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

Lobto’s website domain (“lobto.com”) was privately registered on June 11th, 2020. The domain registration was last updated on January 6th, 2021.

Alexa currently ranks Egypt (49%) and Thailand (18%) as top sources of traffic to Lobto’s website. Lobto’s website itself is hosted in Ecuador.

In an attempt to appear legitimate, Lobto provides a UK incorporation certificate for Lobto 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…]