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

PetronPay’s website domain (“petronpay.com”) was first registered in December 2019. The private registration was last updated on September 17th, 2020.

Marketing videos on PetronPay’s official YouTube channel feature actors with distinctly eastern-European accents.

The earliest videos date back to May 2020. Since then PetronPay has honed in on Africa, which is reflected both in their marketing and website traffic statistics.

Alexa currently ranks Cameroon (22%), Liberia (13%) and Cote d’Ivoire (12%), as the top three sources of traffic to PetronPay’s website.

Further research lead me to PetronPay marketing videos on unofficial channels. These videos cite “Johnny Grant” as CEO of the company.

As with PetronPay’s other videos, Grant is played by an actor with a distinct eastern European accent.

In an attempt to appear legitimate, PetronPay provides a corporate address in Switzerland on its website.

This has already caught the attention of Swiss authorities, who issued a securities fraud warning against PetronPay earlier this year.

One other oddity I noticed it the use of random French words in what is supposed to be PetronPay’s English compensation material. Currency decimals are also represented by commas, as is common across Europe.

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…]

The admin of the Tron3X smart-contract Ponzi has done a runner.

But not before they transferred out $130,000 worth of tron still left in the kitty. [Continue reading…]

NeVetica operates in the pet supplies MLM niche.

The company is was founded in 2018 and is based out of Maryland in the US.

Heading up NeVetica is founder and CEO Lance London (right).

So the story goes;

In 2016, Dr. London arrived home and found Rocky lifelessly laying on his garage floor. After rushing him to the veterinarian, he discovered that Rocky had a massive, life-threatening stroke.

The prognosis was grim and the veterinarian advised Dr. London to put Rocky down.

Rocky had been a part of Dr. London’s life for 17 years at the time of his stroke, so it was vital to Dr. London that every effort be made to save Rocky’s life.

Dr. London started researching every available option to improve a pet’s health and quality of life.

His research led him to two important findings. The first was what pet parents feed their pet plays a huge part in them maintaining great overall health.

He also read about the importance of supplementing our pet’s diet with daily vitamins.

While Rocky never fully recovered from the stroke, he did live for another 2 years with some quality of life. This of course meant everything to Dr. London.

When the stroke first happened, Rocky was barely able to walk. After being on the raw food diet and taking nutraceuticals/vitamins for some time, he became more mobile and active.

Seeing Rocky improve prompted Dr. London to further research the pet industry.

He quickly realize the pet industry was not only recession proof, but that it was also a great market to tap into because of peoples’ love for their pets.

Pet owners comprise 70% of American households, and the pet industry has seen steady growth for the last 18 years.

This gave Dr. London the vision and motivation that he needed to start the company that you know today.

As far as I can tell NeVetica is London’s first venture as an MLM executive.

In addition to NeVetica, London also owns and operates Carolina Kitchen and TKO Burger.

Read on for a full review of the NeVetica MLM opportunity. [Continue reading…]

Knowledge Economy has published an article expressing surprise at Jeunesse accepting orders from Chinese residents.

As previously reported, earlier this year over a quarter billion worth of Jeunesse products were seized by Chinese authorities.

Jeunesse’s President of Greater China, Robin Lee (cited by KE as “Li Weixing”), was arrested in May. In addition to Li

 two Jeunesse China market leaders Zhao and Wang were arrested by the Chinese police.

The current status and/or outcome of these cases remains unclear. [Continue reading…]

The FTC has revealed the Success By Health defendants, upon learning of the regulator’s investigation, set about plans to conceal and delete evidence. [Continue reading…]

The good news is the FTC will return almost half a million dollars to victims of the Bitcoin Funding Team gifting scheme.

The bad news is this equates to around $59 per victim. [Continue reading…]

ETH-X provides no information on its website about who owns or runs the company.

ETH-X’s website domain (“ethx2.io”) was privately registered on October 1st, 2020.

In an attempt to appear legitimate, ETH-X provides a UK incorporation certificate in its compensation plan. “ETH.X Group” was incorporated in the UK on October 2nd, 2020.

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

For the purpose of performing MLM due-diligence, UK incorporation is meaningless.

Buried in ETH-X’s website source-code are references to “tronex”:

Tronex was a smart-contract Ponzi scheme. After recently collapsing, it has been rebooted as Tronex World.

The presence of Tronex is ETH-X’s website source-code suggests the same scammers are behind both schemes.

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…]

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

Beurax’s website domain (“beurax.com”) was privately registered on June 6th, 2020.

In an attempt to appear legitimate, Beurax offers up an ASIC registration certificate for “Beurax Corporation PTY LTD”.

To date Beurax has not filed any documents with ASIC beyond it’s initial application.

In any event, ASIC is known for not effectively regulating MLM securities fraud. For the purposes of MLM due-diligence, ASIC registration is meaningless.

A marketing video on Beurax’s official YouTube channel features “Brandon Watts”.

Watts is cited as founder and CEO of Beurax. He is played by an actor with a distinct eastern European accent.

In the video, straight off the bat Watts is shown driving a left-hand car. Australia drives on the right-hand side cars.

The actor playing Watts has a strong eastern European accent. The video is shot in rented office space.

Considering Brandon Watts doesn’t exist outside of Beurax’s own marketing material, he’s a prime Boris CEO candidate.

At the time of publication Alexa ranks the US (68%) and Canada (4%), as top sources of traffic to Beurax’s website.

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…]

Ollorun operates in the cryptocurrency MLM niche.

The company represents it is incorporated and based out of the UK. To that end Ollorun Network Limited was incorporated in the UK on June 10th, 2020.

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

For the purpose of performing MLM due-diligence, UK incorporation is meaningless.

Heading up Ollorun is founder Serge Maurice Lobreau.

BehindMLM came across Lobreau through the failed Flash4People Ponzi scheme.

In a nutshell FlashMoni ran an ICO for OZT tokens in 2018, purportedly raising $72 million.

Intended only to provide money to Lobreau and his partner Mru Patel (now an Ollorun “Network Partner”), after its ICO OZT flopped and followed the familiar “sorry for your loss” cryptocurrency trajectory.

Through Flash4People, Lobreau had hoped to resurrect OZT as OZTG, and scam even more money out of people. Those plans however fell through due to scammer infighting.

Prior to launching FlashMoni Lobreau was a prominent promoter of the GetEasy Ponzi scheme.

Lobreau is based out of France which, as opposed to the UK, is where Ollorun is being operated from.

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

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

I did come across this MyHash marketing slide:

Trouble is that, at least as far as I can tell, none of those people actually exist.

MyHash operates from two domains; “myhashworld.com” and “myhashtoken.io”.

MyHash’s .COM domain was registered on September 15th, 2020. The .IO domain was registered on August 26th, 2020.

Despite not existing until a few months ago, MyHash falsely claims it

received a banking license from the Swiss Financial Market Supervisory Authority, know as FINMA, in August 2019.

One actual individual we can peg to MyHash is serial scammer Phillip Han:

Han started off his MLM career as a Jeunesse distributor. He popped up on BehindMLM’s radar in December 2018, as the face of the FX Trading Corp Ponzi scheme.

When FX Trading Corp collapsed, Han was the face of the F2 Trading Corp reboot.

F2 Trading Corp began to collapse in December 2019. After the scam went under, Han lay low until promotion of MyHash began a few months ago.

In FX Trading Corp, F2 Trading Corp and MyHash, Han’s M.O. has been to present himself as “Global Master Distributor”.

Seeing as the owners of the schemes are never publicly identified, there’s a good chance Han, either individually or with others, runs the scams he fronts.

At the time of publication Alexa estimates the majority of visitors to MyHash’s .IO domain are from Vietnam.

Phillip Han operates out of Brazil. MyHash’s marketing material is in Portuguese. MyHash’s .COM domain is also hosted on a Brazilian name-server.

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…]