CashFX Group has received a securities fraud warning from the Manitoba Securities Commission. [Continue reading…]

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

MyGBit Mining’s website domain (“mygbit.com”) was first registered in 2016. The domain registration was last updated on April 28th, 2020.

MyGBit Cloud Mining A.S. is listed as the owner, through an incomplete address in Bursa, Turkey.

This tracks with a MyGBit Mining marketing video, uploaded to MyGBit Mining’s official YT channel on June 30th, 2020.

The video (above) is your typical Fivver affair, shot it native Turkish.

Wanting to know establish whether MyGBit Mining’s website domain owners had the domain prior to the April 2020 registration update, I headed over to the Wayback Machine.

A snapshot dated February 2020 confirms the same type of website was up.

Here’s an interesting bit of information omitted from the current incarnation of MyGBit Mining’s website;

In 2017, T.C. Bursa Trade Registry Office was established in Bursa by 100% Turkish entrepreneurs with local capital of TL 3,000,000 with trade registry number 94560.

Contradicting that, MyGBit Mining on its website now claims ‘the story of MYGBIT started at the end of 2015.’

MyGBit Mining provides a corporate address in Bursa, Turkey on its website. The company’s official Facebook page is also managed exclusively from Turkey.

From this we can take away that whoever is behind MyGBit Mining is in Turkey. Why they don’t want you to know who they are is unclear.

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…]

Oro One operates in the precious metals MLM niche.

Oro One’s website domain (“oro.one”) was first registered in February 2019. The private registration was last updated on July 9th, 2020.

In an attempt to appear legitimate, Oro One provides a UK incorporation number for Oro One Limited.

Oro One Limited was incorporated on March 9th, 2019.

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.

Oro One is headed up by CEO “Max Lawrence”.

Lawrence doesn’t exist outside of Oro One’s marketing. A Facebook profile was created for him in October 2020.

This strongly suggests Lawrence is being portrayed by an actor.

I wasn’t able to place Lawrence’s accent. If I had to guess though it’s somewhere in Europe.

In this Oro One marketing video Lawrence is interviewed by Lily Wilson, who has a distinct Russian accent.

Lawrence’s last Oro One marketing video appeared on Facebook on February 27th.

For the most part he’s been replaced by Ksenia Eskont (right).

Eskont is credited as Oro One’s Marketing Director in Africa. Eskot’s personal Facebook profile was only recently created in December 2020.

Like Max Lawrence, Eskot has no digital footprint outside of Oro One marketing.

Unlike Max Lawrence, Eskot has a much thicker European accent.

Recently Eskot has been joined by Lily Wilson in Oro One marketing videos. Wilson is credited as an Oro One Ambassador.

Max Lawrence, Ksenia Eskont and Lily Wilson are all prime Boris CEO candidates.

That said, Max Lawrence is certainly more hands on then your typical Boris CEO.

There are several detailed presentations on Oro One’s official YT channel featuring Lawrence. Typically a Boris CEO is only used to front a company and placate investors.

Oro One’s official Facebook page is primarily managed from Spain, Russia and the Ukraine.

This provides a more accurate picture of where those behind Oro One are operating from. Spain might also explain Max Lawrence’s accent.

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 Perfect System’s website is a lengthy marketing pitch, supposedly authored by “Bill Anderson”.

On LinkedIn Anderson goes by “William Anderson”. His profile has him operating out of the US state of Georgia.

Anderson (right) runs his various ventures under the branding Network 6000.

On The Perfect System’s website Anderson claims to be a “30+ year marketing expert”.

Based on its website domain and social media profile, I believe The Perfect System originally went by “Simple Cash Daily”.

Outside of The Perfect System I wasn’t able to put together an MLM history for Anderson. This is likely due to the generic name.

Anderson not having an MLM footprint left me skeptical but I’m satisfied he’s an actual person.

Outside of Network 6000 Anderson appears to have made a name for himself in BBQ circles.

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

EvoRich has received a securities fraud warning from New Zealand’s Financial Markets Authority.

According to the FMA, EvoRich is

offering financial services to New Zealand residents through social media and other New Zealand residents without being a registered financial service provider in New Zealand.

The regulator notes EvoRich’s ties to Skyway Capital; [Continue reading…]

As part of their lawsuit against Arieyl and founders Kristen and Travis Butler, My Daily Choice filed a notice of related cases on March 1st.

Cases detailed in the notice pertain to individual lawsuits filed against Arieyl “launch team” distributors. [Continue reading…]

After being indicted in Texas last July, prosecutors in New York have now filed a second indictment against Kristijan Krstic. [Continue reading…]

In a nutshell, Corsair Group is what’s left of Cloud Horizon.

Cloud Horizon was a Ponzi scheme launched by Frank Ricketts in early 2019.

Ricketts scamming goes back years. BehindMLM first records of it dates back to 2011 with Unaico and SiteTalk; a combination of pyramid and investment fraud.

When those scams collapsed, Ricketts rebooted the business as The Opportunity Network.

In early 2016 Ricketts sold off The Opportunity Network’s list of investors to OneCoin.

In addition to an undisclosed sum of money, Ricketts was also gifted a OneCoin Black Diamond investment position.

Behind the scenes Ricketts is believed to have been instrumental in setting up OneCoin’s shell company money laundering network.

When OneCoin collapsed in 2017 Ricketts disappeared. He resurfaced in mid 2018 as CEO of the AuLives Ponzi scheme.

AuLives flopped, prompting Ricketts to register the Cloud Horizon website domain on November 30th, 2018.

Cloud Horizon was essentially Ricketts’ own version of OneCoin, complete with ORT and ORTP Ponzi points imported from Orientum, another collapsed Ponzi scheme Ricketts had a behind-the-scenes hand in.

Cloud Horizon initially targeted victims in south-east Asia, many of them victims of OneCoin.

This flopped, prompting Ricketts to shift focus to the UK, again targeting the former OneCoin community there.

By mid 2019 or so Ricketts cashed out and bailed, leaving failed OneCoin scammer Staffan Liback in charge.

Under Liback’s leadership Cloud Horizon continued to flounder. One initiative Liback attempted was Crypto Community World.

Crypto Community World was a new ruse to replace the Thailand plastic recycling = magic money original ruse nobody was buying. It failed to gain any traction.

By late 2019 Liback was begging Ricketts to come out of hiding and resume executive leadership.

Ricketts returned as “Captain” of Cloud Horizon in January 2020.

At some point the ORT and ORTP Ponzi points from Orientum were ditched. They were replaced with FLP, another non-publicly traded Ponzi token.

Ricketts also introduced new recycling ruses, supposed “polypetron plants” in France.

In May 2020 Cloud Horizon as a brand was abandoned. The domain was briefly  redirected to Crypto Community World’s website. It was then redirected again to Amplivo’s website.

Amplivo is a shell company Ricketts set up to further push the Thailand recycling plant narrative behind Cloud Horizon.

In June 2020 FLP were downgraded to a gateway to ISF tokens.

ISF tokens were launching in conjunction with Mountain Wolf Bank, a resurrected attempt to attach an internal exchange to Ecovo-Amplivo (what Cloud Horizon had been rebranded as at this point).

Mountain Wolf Bank gave Ricketts a launching pad for future shitcoin launches. The first of which was ECO in September 2020.

ECO’s launch coincided with Corsair Group, a new brand to replace Ecovo-Amplivo branding (the concepts behind which never went anywhere).

Technically speaking Corsair Group was Socium Holdings renamed. Socium Holdings being another shell company Ricketts set up as part of Cloud Horizon.

Sometime in Q3 2020 Staffan Liback cashed out and disappeared. His last known location was Thailand.

He did surface briefly in December 2020 as a promoter of OmegaPro, another Ponzi scheme albeit unrelated to Cloud Horizon.

Corsair Group saw the introduction of SusNova tokens, which were no different to the other Ponzi tokens launched before it.

After setting up Corsair Group Frank Ricketts once again cashed out and disappeared.

Jussi Saloranta, an old associate of Staffan Liback’s and Rickett’s chosen frontman for Sepco Industries, was left in charge as Corsair Group’s CEO.

Today Corsair Group operates from the domain “corsairnow.com”. Things have deteriorated to the point traffic to Corsair Group’s website isn’t measured by Alexa.

Jussi Saloranta has promoted himself to Corsair Group’s Chairman of the Board.

Corsair Group markets itself as “an International Consortium of Companies”, which is a fancy term given to the shell company’s Frank Ricketts set up to launder invested funds through.

These include Sepco, Socium Holdings, Ecovo, Amplivo, EltronX and Plastic Waste Solution.

No doubt there are others I’ve missed and those kept secret to set up bank accounts through (one of Frank Rickett’s specialties).

To keep things simple Rickett’s Cloud Horizon shell companies are grouped under Corsair Group.

Naturally Corsair Group provides no indication it’s an MLM company on its website.

In fact Corsair Group explicitly prohibit their affiliates from giving the game away to potential recruits:

The Introducer is NOT allowed to:

1. Give a business presentation or present a Investment Memorandum.

2. Provide a lead with company information or documents other than that what is provided via the website.

Bollocks to that. Read on for a full review of Corsair Group’s MLM opportunity. [Continue reading…]

The Beurax Ponzi scheme has collapsed, following an announcement that withdrawals are suspended effective immediately. [Continue reading…]

Following on from Beurax’s CMO being outed as a Russian actor from Moscow, CEO Brandon Watts has also been outed as a Russian model. [Continue reading…]