Holton Buggs has filed motions seeking dismissal of the case against him and dissolvement of a court-appointed Receiver. [Continue reading…]

Hong Kong consumers have lost HKD $22 million to “click a button” Ponzi app scammers in a week (~$2.8 million USD).

As reported by the South China Morning Post on November 12th, one hundred and fifteen Hong Kong residents fell victim to the “fake orders” Ponzi ruse. [Continue reading…]

Flow Traders, aka Flow Trader and FT Quantify, fails to provide ownership or executive information on its website.

Flow Traders’ website domain (“usdfundailtd.com”), was registered with bogus details on October 16th, 2024.

Flow Traders has already attracted the attention of financial regulators. The Central Bank of Russia issued a Flow Traders pyramid fraud warning on October 29th, 2024.

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…]

Sam Lee, aka Xue Samuel Lee, has been detained at Dubai’s Al Aweer Central Prison.

During his ongoing detainment, the SEC managed to serve Lee their civil HyperFund fraud lawsuit.

As per November 5th filings from the SEC, Lee refused personal service at the prison but was considered served under US law. [Continue reading…]

AQR Quantify fails to provide ownership or executive information on its website.

AQR Quantify operates from two known website domains:

1. aqr-usdt.com – registered with bogus details on April 25th, 2024 (already abandoned)
2. aqr-quantify.vip – registered with bogus details on October 24th, 2024

Of note is both of AQR Quantify’s website domains being registered through the Chinese registrar Alibaba (Singapore).

If we poke around AQR Quantify’s website we find Chinese:

The Chinese registrar and Chinese on AQR Quantify’s website suggests whoever is running it has ties to China.

AQR Quantify has already attracted the attention of financial regulators. The Central Bank of Russia issued an AQR Quantify pyramid fraud warning on October 29th, 2024.

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…]

Auratus adjacent BitexLive has informed investors it has “decided to discontinue its services in the United States and Canada”. [Continue reading…]

The MyGTExchange Ponzi scheme has collapsed.

Following months of withdrawal delays, MyGTExchange informed investors it has now cancelled all pending withdrawal requests. [Continue reading…]

StableDAO Ponzi factory executive Garret Blakeslee is begging for help to leave Dubai and return the US. [Continue reading…]

Disney USDT fails to provide ownership or executive information on its website.

Disney USDT operates from two known website domains:

1. disusdt.vip – registered with bogus details on September 16th, 2024
2. disusdt.cc – registered with bogus details on October 2nd, 2024

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…]

Pruvit is a nutritional supplement MLM company owned by Terry LaCore of LaCore Enterprises.

BehindMLM first reviewed Pruvit back in 2015. At the time LaCore was reeling from the collapse of Rippln.

Two Rippln principals migrated over to the launch of Pruvit; Brian Underwood and Michael Rutherford.

Today Brian Underwood remains Pruvit’s CEO. Michael Rutherford was Pruvit’s Master Distributor for years.

In 2023 the business relationship between Rutherford, Pruvit and Underwood broke down. This led to Rutherford filing suit against Pruvit, alleging Underwood was a bully.

At the core of Rutherford’s lawsuit was him wanting to cut Underwood off from a cut of his Master Distributor earnings.

In August 2023 Rutherford and Underwood came to a private arrangement. This ended litigation between the parties.

At least it did until April 2024, wherein Pruvit filed suit against Rutherford. Rutherford responded by filing his own lawsuit against Pruvit and Underwood in June 2024.

Rutherford is no longer at Pruvit and appears to be having financial troubles. The outcome of both lawsuits remains pending.

Of note is Rutherford claiming, in his original 2023 lawsuit, that his

overall commissions had dramatically decreased recently, so he did not have the financial ability to gift some commissions to Underwood.

As of September 2024, SimilarWeb was tracking ~53,000 monthly visits to Pruvit’s website. 98% of those visits are from the US.

Given it’s been almost ten years since BehindMLM reviewed Pruvit, today we’re revisiting the MLM company for an updated review. [Continue reading…]