Despite being promoted, as far as I know DEFI Money Club doesn’t yet have a website. Or if it does, it’s not being shared with the public.

Why the secrecy?

On November 16th, 2024, serial scam promoter Sal Khan published a YouTube video citing Daniel Pacheco as DEFI Money Club’s CEO.

In addition to CEO, Khan also cites Pacheco as the “creator of DEFI Money Club”.

Daniel Pacheco, aka Danny Pacheco, made a name for himself circa 2013 as a promoter of the Lucrazon Global Ponzi scheme.

Pacheco would go on to launch his own scam, iPro Network, in 2017.

iPro Network was attached to the ProCurrency altcoin (PROC). iPro Network offloaded pre-generated PROC onto its affiliates, on the usual promises of riches.

On the MLM side of things, iPro Network paid commissions on recruitment of new affiliate investors.

By mid 2018 iPro Network itself had collapsed. In a desperate bid to keep the company going the association was PROC was abandoned (typical MLM altcoin exit-scam).

It was around this time that iThrive Network was announced. iThrive Network dropped iPro Network’s crypto Ponzi to solely focus on “education package” pyramid recruitment.

The SEC sued Pacheco in May 2019, alleging iPro Network was a $26 million dollar pyramid scheme.

 IPro was a fraudulent pyramid scheme. IPro’s inevitable collapse was hastened by Pacheco’s fraudulent use of investor funds, which included, among other things, the all-cash purchase of a $2.5 million home and a Rolls Royce.

Pacheco’s misappropriation accelerated the rate at which IPro became unable to pay the commissions and bonuses due its investors.

Pacheco’s initial response to the SEC’s lawsuit saw him claim he couldn’t be sued, because “the SEC did not suffer any actual damages”.

Pacheco would go on to settle iPro Network fraud claims with the SEC in December 2022. A $2.1 million final judgment was entered against Pacheco in September 2023.

Now, roughly a year later, Pacheco has resurfaced with DEFI Money Club.

Read on for a full review of DEFI Money Club’s MLM opportunity. [Continue reading…]

YoCart fails to provide ownership or executive information on its website.

YoCart operates from two known website domains:

1. yo-cart.com (already abandoned) – privately registered on October 22, 2022
2. yocart.articimo.com – first registered in 2003, private registration last updated on December 8th, 2024

If we check the source-code of YoCart’s website support page, we learn it runs on the Meiqia platform:

Meiqia is a Chinese software company based out of Beijing. This suggests whoever is running YoCart has ties to China.

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…]

Following on from Ageeon’s collapse on December 17th, scammers behind the Ponzi have initiated a recovery exit-scam.

On December 26th, 2024, Ageeon sent out a communication advising withdrawals would remain disabled (investors are being strung along with promises of “delayed withdrawals”).

24 hours later Ageeon has also launched a “Premium Account” recovery exit-scam. [Continue reading…]

Skypex fails to provide ownership or executive information on its website.

Skypex’s website domain (“skypex.io”), was privately registered on May 8th, 2024.

In Skypex’s website General Terms and Conditions, we find reference to Arthwo LTD, S.A.

The contracting parties for the use of the Services are ARTHWO LTD, S.A., Bella Vista Urbanization, Samuel Lewis Avenue & 55 Street, Panama City in the Republic of Panama.

The cited address is used by many businesses, confirming that Arthwo LTD, S.A. is a shell company.

Supporting this is Arthwo’s website (“arthwo.com”, privately registered on June 5th, 2024), which is both low-effort and incomplete:

It’s the kind of website one would set up to create the illusion of a company without it being so.

Another shell company we can attach to Skypex is SC Consulting Ltd.

We accept payments in various cryptocurrencies through our payment provider, CoinPayments Inc.

For all accounting purposes we have contracted SC Consulting Ltd. as Skypex’s accounting partner.

As per the above, again from Skypex’s General Terms and Conditions, the use of SC Consulting Ltd. appears to be solely to hide Skypex from Coin Payments.

As per its website, SC Consulting Ltd. appears to be a Dubai shell company factory:

We offer an integrative support for one or all stages of your Dubai project. Focused on security, sustainability and quality.

We manage your business in a future-oriented manner, starting with the foundation through to securing the profits financially.

If you do not want to start your own business we will find the right, reliable partner. The cooperation with this can be monitored by us or even taken over.

SC Consulting LTD. offers shell company services in Dubai, Panama, Seychelles and the wider EU. The shady company also offers a “change citizenship” service.

On its website, Skypex misrepresents paid advertising as articles from “the press”:

Clicking through to these articles we learn the face of Skypex is Udo Carsten Deppisch. This is confirmed on Deppisch’s own social media:

Udo Deppisch is a German national who made a name for himself as a top promoter of the OneCoin Ponzi scheme.

Upon finding success scamming people in OneCoin, Deppisch fled Germany for Dubai. Deppisch continued to promote OneCoin with a focus on German-speaking countries.

In April 2017 German authorities began cracking down on OneCoin. Around May that same year Deppisch went underground.

The Ponzi side of OneCoin had already collapsed in January 2017. The pyramid side was what Deppisch continued to promote until mid 2017.

After OneCoin Deppisch hitched his wagon to Anthony Norman’s Wantage One Ponzi mess.

When that didn’t work out Deppisch hitched his wagon to the Crowd1 Ponzi scheme.

Crowd1 began to collapse in 2021, prompting Deppisch to leave the company.

When that didn’t work out Deppisch rejoined Crowd1 in 2022.

The last Crowd1 post on Deppisch’s socials is from April 2024. After a brief period where Deppisch focused on his marketing company, Unlimited Career Development, Skypex launched in October 2024.

Why Deppisch’s involvement in Skypex isn’t disclosed on the company’s website is unclear.

Of note is, although Skypex’s domain registration is private, the state and country are set as Dubai in the UAE. This ties into  Udo Deppisch being based out of Dubai.

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.

BehindMLM’s guidelines for Dubai are:

1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
2. If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

If you want to know specifically how this applies to Skypex, read on for a full review. [Continue reading…]

Tron CFD fails to provide ownership or executive information on its website.

Tron CFD operates from four known website domains; “tron.cfd”, “troncfd.cfd” “troncfd.lat” and “troncfd.sbs”. All four of Tron CFD’s domains were privately registered on October 25th, 2024.

If we look at the source-code of Tron CFD’s websites we find they are localized to Chinese:

This suggests whoever is running Tron CFD has ties to China.

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…]

Earlier this month around 1.1 million Young Living account details were published on a popular hacking forum.

The details were published on December 11th, with the data breach itself believed to have taken place earlier.

Leaked Young Living account information includes distributor and customer names, corresponding email addresses, dates of birth and geographic location. [Continue reading…]

Following the court’s rejection of a time served plea deal, Mohammed “Moe” Diab’s Allied Walled criminal case is headed to trial. [Continue reading…]

iComTech Ponzi promoter David Brend has been sentenced to ten years in prison.

Brend’s sentence was handed down on December 2nd, following a guilty verdict in March 2024. [Continue reading…]

In reporting on Velovita’s acquisition of Jeunesse earlier this month, I very much felt like something was amiss.

Marketing suggested Velovita had only acquired rights to certain regions, putting a question mark on the rest of Jeunesse’s business.

This was on top of allegations made by Jeunesse co-founder Randy Ray in October, placing former Jeunesse CEO at the center of a conspiracy to allegedly defraud him out of millions.

In response to our Velovita acquisition article, a BehindMLM reader brought up Greenway Global’s claims of Jeunesse ownership.

This was the first I’d heard of Greenway Global having anything to do with Jeunesse so I looked into it and, sure enough, there it was:

My research eventually led me to a lawsuit filed by Velovita against Greenway in November. Case filings shed light on the matter, with Kevin Giguere allegedly in the middle of yet another scheme to misappropriate millions. [Continue reading…]

Leonardo Cositorto, who is currently on trial as founder of the Generation Zoe Ponzi, is proving to be quite the drama queen.

Cositorto’s latest stunt sees him reported to have barricaded himself in his cell.

With the court waiting on his appearance to continue the trial, the “President of the Court” ordered Cositorto forcibly removed. [Continue reading…]