It’s been a while since we last checked in on the SEC’s iPro Network fraud lawsuit. Four months to be exact.

In that time several default judgments have been granted, and a trial date has been scheduled for March 2021. [Continue reading…]

NuLife Ventures is an MLM company that markets, among other things, “hydrogen water” devices.

Avacen is a medical device manufacturer and former supplier to NuLife Ventures.

On July 29th, Avacen sued NuLife Ventures for breaches of their reseller agreement. [Continue reading…]

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

Autoxify’s website domain (“autoxify.com”) was privately registered on July 18th, 2020.

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…]

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

As I write this BTTycoon’s website only offers a mobile subdomain, which is essentially a marketing pitch for the company’s app.

No information about who owns or runs BTTycoon is provided.

BTTycoon’s website domain (“bttycoon.net”) was registered on March 23rd, 2020. Domain ownership details are not available.

BTTycoon’s domain was purchased through a Chinese registrar. The company’s website is also hosted with a Chinese provider.

Along with BTTycoon’s marketing material being presented in Chinese, this suggests whoever owns the company at the very least speaks Chinese.

There’s a strong likelihood BTTycoon’s owner is based out of South-east Asia in a Chinese speaking country.

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…]

Ever wondered how US MLM companies do business in China?

Boy have I got a story for you… [Continue reading…]

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

In an attempt to appear legitimate, CoinJob provides a UK incorporation certificate on its website.

The certificate corresponds with Coin Job LTD, incorporated on June 30th, 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.

CoinJob’s website domain (“coinjob.biz”) was privately registered on June 4th, 2020.

At the time of publication Alexa ranks Bangladesh (28%), Vietnam (25%) and Turkey (17%), as the top three sources of traffic to CoinJob’s website.

Whoever is running CoinJob is likely 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…]

TronChain’s website provides no information about who owns or runs the company.

TronChain’s website domain (“trxchain.io”) was registered on July 29th, 2020.

“Swisscoin” is listed as the owner, through an incomplete address in Skane, Sweden.

Further research reveals TronChain marketing videos on Andreas Kartrud’s personal YouTube channel.

In one August 12th video, titled “TRON CHAIN presentation & team call, Kartrud (right) identifies himself as “the creator” of Tron Chain.

Andreas Kartrud is a serial scammer. Over the years BehindMLM readers have pegged him promoting Shopping Sherlock, SwissCoin, Dominant Finance, WoToken, Up2Give, KryptoGlobe, 1 Click Trading and XOXO Network.

More recently, Kartrud featured on BehindMLM as the creator of EtherChain, a smart-contract Ponzi scheme.

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

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

FinFine’s website domain (“finfine.io”) was privately registered on June 30th, 2020.

On its website, FinFine claims it was founded in the UK and is incorporated in Singapore.

FinFine’s official Facebook page is managed by one user in Vietnam, so these claims appear to be baloney.

At the time of publication Alexa ranks Vietnam as the primary source of traffic to FinFine’s website.

Based on this and the Facebook page admin, whoever is running FinFine is most likely based out of Vietnam.

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…]

iQuandex’s website is currently just a login page.

A link to iQuandex’s official YouTube channel is provided, featuring marketing videos in Russian.

iQuandex’s website domain (“iquandex.com”) was registered on March 18th, 2020.

Abrarov Rinat Fanozovich is listed as the owner, through an address in Tatarstan, Russia.

If you punch “Abrarov Rinat Fanozovich” into Google, there are literally no results. Thus whether Fanozovich is an actual person remains unclear.

iQuandex’s marketing material features Denis Derkach, who is apparently an “international cryptoexpert”.

Derkach’s Facebook profile states he’s from Russia but lives in California.

Derkach’s Facebook feed is full of offers like this;

Start making nothing less than $15k $350k BTC weekly trading Bitcoin under my supervision.

Derkach’s Facebook account was only created on August 16th, 2020, which is pretty suspect.

On his active VKontakte profile, Derkach cites his current city as Moscow, Russia. Why he’s pretending to live in California on Facebook is unclear.

Up until late June 2020 or so Derkach was promoting Kannaway. Going back to 2017, Derkach was promoting the BitClub Network Ponzi scheme.

Going back further to 2016, Derkach was promoting Vizionary, another MLM crypto Ponzi scheme.

At the time of publication Alexa ranks Kazakhstan as the only notable source of traffic to iQuandex’s website (60%).

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…]

Bitwabi operates in the cryptocurrency MLM niche. The company is headed up by CEO Oscar Costa.

Costa, full name Oscar Costa Revienta Cerebros, is based out of Granada, Spain.

Prior to running Bitwabi, Costa (right) was running an pet kennel and animal shelter.

Possibly due to language barriers, I wasn’t able to ascertain whether Costa has an MLM history.

Update 26th August 2020 – Following a tipoff from a reader below in the comments, I was able to confirm that prior to Bitwabi, Oscar Costa was promoting the ArbiStar Ponzi scheme.

Since leaving ArbiStar, Costa has all but scrubbed evidence of his involvement across the internet. /end update

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