TrageTech securities desist and refrain from California
TrageTech, aka Trage Technologies, has received a securities fraud desist and refrain order from California’s Department of Financial Protection and Innovation (DFPI).
DFPI’s November 4th order names three respondents; [Continue reading…]
US Solar Fund 49581 Review: Stolen identity “click a button” Ponzi
US Solar Fund 49581 fails to provide ownership or executive information on its website.
US Solar Fund 49581’s website domain (“usfund-solar.49581.in”), was privately registered on October 7th, 2024.
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…]
iComTech’s Gustavo Rodriguez sentenced to 8 yrs prison
iComTech Ponzi promoter Gustavo Rodriguez has been sentenced to 8 years in prison. [Continue reading…]
Local City Places launches $99 “units” securities fraud
Local City Places has launched a $99 investment scheme promising “double your money back in 30 days!”
The new passive returns investment scheme follows Local City Places’ failed “business directory” scheme earlier this year. [Continue reading…]
FSCA sets aside Coenie Botha’s CBI Global Ponzi fine
Under murky circumstances, the FSCA has quietly dropped previously imposed penalties against CBI Global Ponzi scammer Coenie Botha. [Continue reading…]
IM Mastery Academy securities fraud warning from QC, Canada
IM Mastery Academy has received a securities fraud warning from Quebec’s Autorite des Marches Financiers (AMF).
As per AMF’s October 18th IM Mastery Academy fraud warning; [Continue reading…]
LimeLife sold off to L’Occitane, CEO resigns
LimeLife, aka LimeLife by Alcone, has reportedly been sold off to L’Occitane.
L’Occitane, a French personal care retailer, bought into LimeLife in mid 2017.
L’Occitane’s original purchase saw it buy a 40% stake in LimeLife’s US operations and 60% outside of the US. In January 2018 L’Occitane bumped its US stake to 60.48%.
Now, over the last few days, LimeLife distributors are claiming L’Occitane now owns LimeLife outright.
The acquisition has also purportedly seen co-founder and CEO Madison Mallardi step down. [Continue reading…]
Hyperverse securities fraud warning from BC, Canada
Hyperverse has received a securities fraud warning from the British Columbia Securities Commission (BCSC).
As per the BCSC’s October 18th, 2024 warning; [Continue reading…]
FortiCard Review: Lending ruse “click a button” Ponzi
FortiCard fails to provide verifiable ownership or executive information on its websites.
FortiCard operates from three known website domains:
- h5.forticards.com – privately registered on September 8th, 2023
- forti-card.com – privately registered on September 11th, 2023
- h5.forticard.xyz – privately registered on September 9th, 2023
While ForiCard does provide a list of executives on its active website, they are represented by made-up names and AI-generated avatars.
Of note is FortiCard’s official FaceBook page being managed from Thailand and the UAE:
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…]
UbitEx Review: Boris CEO MLM crypto staking Ponzi
UbitEx fails to provide verifiable ownership or executive information on its website.
UbitEx operates from two known website domains:
- ubitex.com – first registered in 2003, private registration was last updated on July 17th, 2024
- ubit.press – privately registered on March 28th, 2024
On its .COM website and social media accounts, UbitEx presents “Alex Sandro” as its CEO:
Mr. Alex Sandro shares his insights on the current state of the cryptocurrency market and how Ubitex is positioned to meet the needs of modern traders.
You’ll get a glimpse into his vision for creating a user-friendly and secure trading environment that fosters innovation and growth.
Alex Sandro doesn’t exist outside of UbitEx’s marketing. That’s because he’s played by an actor based out of Bali, Indonesia.
Unfortunately I don’t have a name. It appears prior to signing on to play UbitEx’s fictional CEO the actor deleted their Bali Model Agency profile.
Nonetheless, here’s “Alex Sandro” modeling clothes for an Indonesian retailer:
As to who’s actually running UbitEx, Chinese features heavily in UbitEx’s marketing.
This strongly suggests whoever is running UbitEx has ties to China.
As of September 2024, SimilarWeb tracked top sources of traffic to UbitEx’s website as Taiwan (11%), Indonesia (6%), Singapore (6%) and Israel (4%).
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…]
