Crypto Mining provides no information on their website about who owns or runs the company.

Crypto Mining’s website domain (“crypto-mining.biz”) was registered on February 18th, 2020.

The domain is registered to “Crypto Mining LTD”, through an incomplete address in London, UK.

The UK corporate address provided on Crypto Mining’s website belongs to I-Support Business, a virtual office services provider.

In an attempt to appear legitimate, Crypto Mining provides a UK incorporation number on their website.

This number corresponds with Crypto Mining LTD, which was incorporated on February 19th, 2020.

UK incorporation is dirt cheap and effectively unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.

In Crypto Mining’s whitepaper, the company identifies “Morgan Finch” as its CEO.

Finch has supposedly

worked with numerous brands, from Fortune 500 companies to reputable startups including Google, Microsoft, SONY, NFL, NYU, P&G, Fleet Bank and NASA.

Oh and he also

has columns in Forbes, Entrepreneur, The New York Times, and American Express.

He has made numerous media appearances, from Bloomberg and Reuters to ABC News and CNN.

You can verify yourself that none of this exists, casting considerable doubt on whether Finch, as represented by Crypto Mining, himself exists (spoiler: he doesn’t).

At the time of publication Alexa cites Venezuela (11%), Brazil (11%) and Russia (8%) as the top three sources of traffic to Crypto Mining website.

Crypto Mining’s official Facebook account is primarily managed from Bangladesh.

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…]

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

Tibrix claims to be

incorporated in the British Virgin Islands, with registration number 1962110, Since 2018.

The BVI is a tax-haven that allows scammers to hide behind shell companies to evade law enforcement.

There is no legitimate reason for an MLM company to be incorporated in the BVI, unless its operators are based locally.

Tibrix’s website domain (“tibrix.io”) was privately registered on April 22nd, 2020.

This means that despite the company’s claim it has been around since 2018 (sometimes 2017), Tibrix didn’t exist until a few months ago.

An official marketing slide claims Tibrix was founded by Albert Tjon, Koen Chan and Francisco Tjon.

Nothing comes up for Francisco Tjon but Albert Tjon and Koen Chan have LinkedIn profiles.

Both profiles appear to be created recently and only for the purpose of promoting Tibrix.

Outside of their respective LinkedIn profiles and Tibrix marketing, neither Tjon or Chan appear to exist.

As opposed to the BVI, it is far more likely that whoever is running Tibrix is based out of south-east Asia.

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…]

Evidently QNet International’s pyramid scheme isn’t doing to well, prompting the company to use human trafficking as a recruitment tool.

No, that’s not a play on words. Authorities in Liberia have made arrests, smashing QNet International’s human trafficking ring. [Continue reading…]

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

Vixes’ website domain (“vixes.biz”) was privately registered on August 6th, 2019.

In an attempt to appear legitimate, Vixes provides an address in New South Wales, Australia on its website.

Further research reveals this address is shared by Servcorp, a virtual office provider.

At the time of publication Alexa cites Brazil (30%), Venezuela (11%) and Egypt (6%) as the top three sources of traffic to Vixes’ website.

It is highly likely that whoever is running the company is based out of one of these three countries.

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…]

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

BitBox Social’s website domain (“bitboxsocial.com”) was privately registered on March 22nd, 2020.

As evidenced by their support email BitBox Social owns “bitboxsocial.net”, also registered privately on March 22nd.

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…]

Gilbert Armenta, a resident of Florida, was a key figure in OneCoin’s money laundering operations.

He has also been romantically linked to OneCoin’s founder, Ruja Ignatova.

On September 12th, 2017, Armenta was indicted by a Grand Jury on three counts of extortion; conspiracy to commit extortion, attempted extortion and travel act extortion.

Armenta was arrested in Connecticut the following day on September 13th. [Continue reading…]

Mind Capital and Exchange Wallet, both MLM Ponzi schemes, have been declared illegal in Italy.

CONSOB, Italy’s top financial regulator, has ordered both company’s websites blocked. [Continue reading…]

Even before their July 24th contempt hearing, the Cardiffs continued to serve up fresh delicious popcorn.

On the eve of their contempt hearing, Defendants Jason and Eunjung Cardiff filed nearly 1000 pages of unsolicited, unexplained exhibits, without leave of court.

What is more, they failed to comply with sealing procedures under the Local Rules for personal identifiers, revealing unredacted social security numbers, birthdates, home addresses, phone numbers, email addresses, and the names of their own minor children on the public docket.

The Court sua sponte seals the document and admonishes Defendants counsel that the failure to comply with all Local and Federal Rules may result in the imposition of monetary or other sanctions upon counsel.

What a tone to set before a hearing that might very well send you to prison. [Continue reading…]

Payza co-founders Firoz and Ferhan Patel have pled guilty to money laundering fraud charges.

The pair were indicted back in March 2018, with the guilty plea bringing criminal proceedings against them to a close. [Continue reading…]

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

Gensminers’ website domain (“gensminers.com”) was privately registered on June 2nd, 2020.

In an attempt to appear legitimate, GensMiners provides two blurry UK incorporation certificates on its website.

UK incorporation is dirt cheap and effectively unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.

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…]