Rypex Trade provides no credible information about who owns or runs the company on its website.

Cited as CEO of Rypex Trade is Phillip Orr, who doesn’t exist outside of a brief mention in Rypex Trade’s marketing.

A video uploaded to Rypex Trade’s official YouTube channel features CFO Albert Parson.

The interview takes place in a spotless virtual office. Both the interviewer and actor playing Parson have better than average masked eastern European accents.

You can tell English is not their native language if you listen closely (pronunciation and grammar).

Both Phillip Orr and Albert Parson are prime Boris CEO candidates.

On its website, Rypex Trade presents itself as “a British company”. To support that facade, the company provides a UK incorporation certificate for Rypex Trading Limited.

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

Rypex Trade also misrepresents their meaningless UK incorporation as an investment services license.

The base of successful and secure investments is a reliable business partner. This depends on how legal your partner’s business is.

In the case of Rypex, you get an absolutely reliable investment partner, which you can convince yourself.

Licence 12699421 given at Companies House, Hardiff, on 26th June 2020.

For the record, Companies House has a Cardiff office. Hardiff doesn’t exist.

At the time of publication, Alexa estimates the top three sources of traffic to Rypex Trade’s website are Vietnam (32%), Bangladesh (13%) and Turkey (5%).

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…]

Silverchief Mint operates in the precious metals MLM niche.

The company is based out of South Africa and headed up by founder Brandon Marriott.

Prior to founding Silverchief Mint, Marriott was promoting WorldVentures.

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

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

Smarts News’ website domain (“smarts.news”) was privately registered on April 14th, 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…]

Two OneCoin promoters have been found in Mazatlan, Sinaloa.

The bodies of Oscar Brito Ibarra and Ignacio Ibarra (no relation), were stuffed into suitcases and dumped in a vacant lot.

An examination determined suffocation as the cause of death.

Local Mexican authorities are treating the deaths as homicide and an investigation is underway. [Continue reading…]

Jay Noland has dodged contempt sanctions for violating his NetForce Seminars fraud injunction.

The FTC sued Noland and NetForce Seminars back in 2000.

NetForce Seminars was found to be a pyramid scheme and an injunction prohibiting Noland from engaging in any pyramid sales scheme” was issued.

The FTC sued Noland and Success By Health for being a pyramid scheme in January 2020.

With that lawsuit came a motion in the NetForce Seminars case, requesting contempt sanctions against Noland for violating his Netforce injunction. [Continue reading…]

BehindMLM reviewed Mining City just over a year ago last June.

Since launching as an unregistered securities investment opportunity, Mining City is now offering returns in bitcoin and bitcoin vault.

The compensation plan has also been updated, prompting readers to request a review update.

Today we revisit Mining City’s MLM opportunity. [Continue reading…]

Following a Temporary Restraining Order issued last month, a preliminary injunction has been granted against Jason Cardiff and his company VPL Medical. [Continue reading…]

BitClub Network defendant Silviu Catalin Balaci has plead guilty to one count of conspiracy to commit wire fraud and to offer and sell unregistered securities. [Continue reading…]

Rather than address securities fraud warnings issued around the globe, Crowd1 is pressing ahead with “but we have products!” pseudo-compliance.

In a corporate blog post dated July 7th, Crowd1 announced partnerships with LifeTRNDS, SAfer and Tribute. [Continue reading…]

After putting together our report on Joby Weeks’ release appeal yesterday, I noted the DOJ had filed an opposition while I was working on the report.

Having detailed Weeks’ arguments for release on appeal, today we go over the DOJ’s response. [Continue reading…]