OneCoin fraud SARs featured in FinCEN Files leak
The FinCEN Files leak contains two Suspicious Activity Reports (SARs) pertaining to then suspected OneCoin fraud. [Continue reading…]
P2 Tron Review: Power of 2 smart-contract Ponzi cycler
P2 Tron provides no information on its website about who owns or runs the company.
P2 Tron’s website domain (“p2tron.com”) was privately registered on August 19th, 2020.
P2 Tron’s official Facebook group has one admin, Shawn Kim. Frank Trenado is the group’s sole moderator.
Kim is a Faceless Facebook profile that has been dormant for years. The account has been used to promote USI-Tech and Jeunesse (Brazil) in the past.
One of Kim’s posts references “Richmond” a P2 Tron co-creator.
Whether Shawn Kim is an actual person or the account or was recently purchased is unclear.
Similarly, Frank Trenado’s Facebook profile hasn’t been dormant since 2013.
There is a YouTube channel bearing Trenado’s name. It features a Primerica marketing video uploaded in September 2015.
Trenado features in the video at [0:34]:
The other video on Trenado’s channel is a promo for the Eyeline Trading Ponzi scheme.
As per their respective Facebook profiles, both Kim and Trenado are based out of California.
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…]
Youngevity sues Bulavita for trademark infringement & more
Youngevity has filed suit against Bulavita for trademark infringement, cybersquatting and unfair competition. [Continue reading…]
Mirror Trading International Ponzi blown open by data leak
Owing to the use of off-the-shelf scam software, the internals of Mirror Trading International have been made public.
We know how much they company currently has on deposit, what they owe and who who has so far stolen what. [Continue reading…]
Paraiba World securities fraud warning issued by Austria
Paraiba World has received a securities fraud warning from Austria’s Financial Market Authority.
The FMA’s warning pertains to Pariaba World, cited as a Hong Kong shell incorporation. [Continue reading…]
Payza victims urged to file remission petitions
The DOJ is requesting Payza victims to file a petition for remission.
It should be noted upfront that there is no guarantee filing a petition will result in partial or full recovery. [Continue reading…]
Tycoon69 securities fraud warning issued by Austria
Tycoon69 has received a securities fraud warning from Austria.
Last we checked in Tycoon69 was under investigation by FINMA in Switzerland. This prompted Tycoon69 to bankrupt their Swiss shell company. [Continue reading…]
What happened to Tomorrow’s Leaf?
Tomorrow’s Leaf recently came up for review but when I visited the company’s website to begin my research, I was punted over to DermOne.
DermOne doesn’t appear to be an MLM company… [Continue reading…]
Nussentials closes due to COVID-19, five months later?
Nussentials came up for review recently but when I went to look up the company’s website I found it was “temporarily closed”.
That was five months ago… [Continue reading…]
Monat’s marketing practices slammed by Florida AG
Monat has found itself in hot water over alleged deceptive business acts and practices.
An investigation by the Florida Attorney General into violations of the Florida Deceptive and Unfair Trade Practices Act (FDUTPA), has resulted in Monat entering into an Assurance of Voluntary Compliance (AVC). [Continue reading…]
