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

On its various social media profiles, Brank represents that it is based out of Manchester in the UK.

On Brank’s LinkedIn profile, Daniel Noormohamed is identified as the company’s founder.

On his own LinkedIn profile, Noormohamed (right) cites himself as

an experienced expert level Application developer specialising in the PHP (including MySQL, Ajax and JavaScript Development).

As far as I can tell, Brank is Noormohamed’s first MLM venture.

Update 21st December 2020 – A post left by a visitor to Brank’s LinkedIn profile names Nicholas Antel, Chris Hawk Jones and Alan Friedland as Brank partners.

In the comments section of this review, Brank co-owner Ari Maccabi claims Friedland “helped design this to insure we are compliant.”

In April 2020 the CFTC sued Friedland for running Fintech Investment Group and Compcoin.

As alleged by the CFTC, Friedland launched compcoin and attached it to a trading bot opportunity.

Naturally the trading bot, named “ART”, didn’t exist.

Instead of gaining access to ART’s high success rate at predicting USD/EUR forex trades and high rate of return from the trades as promised, purchasers of Compcoin were left with a valueless asset.

Indeed, Compcoin was eventually delisted by all digital asset exchanges and is now worthless.

Through Fintech Investment Group and Compcoin, Friedland stands accused of stealing $1.6 million from investors.

The CFTC’s case against Friedland is ongoing, with a trial tentatively scheduled for November 1st, 2021.

But uh yeah, this is the guy Brank supposedly hired for legal compliance. Rightio. /end update

At the time of publication Alexa cites the US as the sole measurable source of traffic to Brank’s website (100%).

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…]

A preliminary injunction has been granted against Digital Income System promoter Christopher Brandon Frye. [Continue reading…]

Suspected MTI co-owner Cheri Marks has accused the FSCA of lying about a Mirror Trading International criminal investigation. [Continue reading…]

South Africa’s Financial Sector Conduct Authority has bluntly stated:

MTI and its senior management are conducting an illegal operation, misleading clients and have contravened several laws.

The statement was published as part of a December 17th press-release, updating the public on the status of the FSCA’s investigation. [Continue reading…]

TikTok, the popular Chinese owned video-sharing social network, has banned promotion of MLM across its entire platform.

The decision was made public following recent changes to TikTok’s “community guidelines”.

In TikTok’s updated guidelines, MLM comes under “frauds and scams” and is grouped together with Ponzi and pyramid schemes. [Continue reading…]

Eaconomy has voluntarily dismissed its case against Auvoria Prime.

As per a stipulation of voluntary dismissal filed on December 1st; [Continue reading…]

The state of Michigan has issued Darren Olayan a securities fraud cease and desist pertaining to Mintage Mining.

Michigan’s notice was issued on April 8th, however I only came across it today as part of my research into Olayan’s $595,000 Utah fine.

As per Michigan’s cease and desist; [Continue reading…]

The Utah Division of Securities has fined Divvee Social and Darren Olayan $595,000 as part of a securities fraud settlement. [Continue reading…]

Jeff Wright and his wife Amber have lost a bid to keep their finances hidden from the FTC.

Wright joined Success by Health’s “Scientific Medical Advisory Board” in late 2018. [Continue reading…]

We Share Abundance has announced newly invested in WESA tokens will be locked for six months.

The new policy effectively prohibits new investors from cashing out for half a year. [Continue reading…]