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…]

InFace Invest Group provides no information on its website about who owns or runs the company.

InFace Invest Group’s website domain (“infaceinvestgroup.com”), was first registered in April 2017.

The private registration was last updated on March 3rd, 2020.

A marketing video on InFace Invest Group’s official Vimeo channel revealed the following email address:

This led me to Danijel Kruljac (right), who on LinkedIn cites himself as a Team Lead Manager at InFace Invest Group since 2018.

According to Kruljac’s LinkedIn profile he’s based out Croatia. InFace Invest Group appears to be Kruljac’s first MLM gig.

Update 26th August 2020 – A reader tipoff reveals Zoran Lazarevic (right) citing himself as co-owner of Inface Invest Group on social media.

According to Lazarevic’s Facebook profile he’s based out of Serbia.

Lazarevic led me to to Mladen Pejic, who also claims to be a co-owner of Inface Invest Group.

Courtesy of MLM Prevara, we learn Zoran Lazarevic is a former OneCoin Ponzi promoter. Mladen Pejic is a former police officer turned convicted drug trafficker. /end update

Despite only coming into existence a few years ago, on its website InFace Invest Group falsely claims it was “founded on the 16th of March 2000”.

At the time of publication marketing of InFace Invest Group appears localized to Europe.

Alexa currently ranks Serbia (55%) and Macedonia (19%) as top sources of traffic to InFace Invest Group’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…]

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

CashBox AI’s website domain (“cashbox.ai”) was privately registered on July 22nd, 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…]

EthPlus operates in the cryptocurrency MLM niche and appears to have launched a few months ago (official Facebook page was created in May 2020).

At the time of publication, EthPlus’ website details two executive members; Fernando Urdaneta (Head of SEO) and Jonathan Valle (Commercial Director).

Further research reveals Urdaneta appearing as EthPlus’ CEO in YouTube marketing videos:

Why Urdaneta is attempting to diminish his role within ETHPlus on the company’s website is unclear.

Given the lack of anyone else presented as being in a position of authority within EthPlus, Urdaneta (right) is assumed to be running the company.

ETHPlus’ website domain (“ethplus.net”) was registered on April 10th, 2020. “OmegaSquad” is listed as the owner, through an incomplete address in Santo Domingo, Dominican Republic.

This syncs up with Fernando Urdaneta who, according to his Facebook profile, is originally from Venezeula but now lives in Santo Domingo.

Possibly due to language barriers, I was unable to put together an MLM history on Urdaneta.

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

As part of his guilty plea in the $250 million Payza money laundering case, Firoz Patel will personally forfeit over $4 million dollars. [Continue reading…]

Earlier this week a reader wrote in requesting an update on our Seacret Direct review.

Having last reviewed the opportunity in 2018, I was disappointed to see Seacret Direct do not provide their compensation plan on their website.

This made ascertaining whether an updated review was warranted difficult.

Luckily the reader was able to come through with a copy of Seacret Direct’s current compensation plan, with which I was able to confirm significant changes.

Today we revisit Seacret Direct for a third time with an updated review. [Continue reading…]

Veska Ignatova has made her first public appearance at a OneCoin promotional event.

At the event hosted in Bucharest, Romania over this weekend, Ignatova was the headline speaker and corporate representative – a position that’s been vacant since the arrest of her son, Konstantin. [Continue reading…]

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

CoinShares’ website domain (“coinshares.io”) was privately registered on June 28th, 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…]

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

CryptoNode’s website domain (“cryptonode.ltd”) was first registered in June 2019. The private domain registration was last updated on July 2nd, 2020.

In an attempt to appear legitimate, CryptoNode provides a UK incorporation certificate on their website.

The certificate corresponds to Crypto Node LTD, incorporated in June 2019. The company appears to have been abandoned, as there’s an confirmation statement overdue notice on Companies House.

Crypto Node LTD’s confirmation statement (annual report) was due by July 29th.

In any event, 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.

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…]

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

Richway GAM’s website domain (“richwaygam.com”) was privately registered on October 11th, 2019.

In an attempt to appear legitimate, Richway GAM provides a UK corporate address and incorporation number on their website.

The incorporation number corresponds with “Richway Global Asset Management”, which was incorporated on May 12th, 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.

At the time of publication Alexa ranks the US as the top source of traffic to Richway GAM’s website (62%).

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…]