As of a few hours ago, Forrise has collapsed. The company’s website has been pulled offline although social media channels are still up.

Instead of admitting Forrise was a Ponzi scheme that ran out of money, the scheme’s owners have come up with a “DDOS hacked” exit-scam. [Continue reading…]

Fareha Qadri joined BizzTrade last September.

She quickly rose within the company and within a month was in marketing videos on BizzTrade’s official YouTube channel (BizzTrek).

On 30th May Qadri boasted of being promoted to Executive Director.

She stopped promoting BizzTrade shortly after that.

In a video uploaded to Facebook about a week ago, Qadri now claims she has been “fucked over” by BizzTrade and its executives. [Continue reading…]

The Comision Nacional del Mercadeo de Valores (CMNV) has issued a securities fraud warning against Omega Pro. [Continue reading…]

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

Ex Bonds’ website domain (“exbonds.com”) was privately registered on February 26th, 2020.

Through a corporate address and social media profile locations, Ex Bonds represents it is based out of London, UK.

This is unlikely.

At the time of publication Alexa cites Angola (13%), Venezuela (11%) and Brazil (7%) as the top three sources of traffic to Ex Bonds’ 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…]

Python Signals ran its two year pyramid course and has been rebooted as Tonoit.

Tonoit was launched on or around January 2020. The company is still headed up by co-founders Marius Landman, Gavin Victor and Enakirerhi Ejovwoke.

As with Python Signals, Tonoit provides incomplete corporate addresses in Mauritius and Australia on its website. Any corporate ties to these countries are believed to be superficial (shell companies).

On Facebook Marius Landman represents he is in New Zealand. Enakirerhi Ejovwoke was briefly going by “Eric Jason”, before deleting his social media profiles altogether. He’s believed to have ties to Nigeria.

I couldn’t find anything on Gavin Victor, although from our research into Python Signals we know he has a Ponzi past.

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

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

Coin Trading claims it’s “a UK registered company”, and provides a basic UK incorporation number.

This number correspond with CointTrading LTD, which was incorporated on July 1st, 2020.

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

Coin Trading’s website domain (“cointrading.biz”) was privately registered on June 30th, 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…]

According to its website, We Share Abundance is

owned by Graham Frame & Rosa Frame who are the legal owners and also trade as Success Lifestyles.

On Facebook Graham Frame (right) goes by “Graham Ernest Frame”. His profile location in Tattershall, a village in Lincolnshire, UK.

Prior to launching We Share Abundance earlier this year, Frame was marketing the All In One Profits gifting scheme.

Success Lifestyles is a scam feeder operated by Frame.

Currently the website funnels potential victims into Westland Storage, Crypto 300 and Tiki Profit. All three are Ponzi schemes.

Frame first appeared on BehindMLM’s radar in 2013, through his Empower Network feeder SimpleFastCash.

In 2016 Frame resurfaced with Classifieds That Pay, a $5 a pop pyramid scheme.

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

In September 2016 the UK’s Financial Conduct Authority revealed OneCoin was under investigation.

The investigation was headed up by City of London police.

Ten months after the FCA’s OneCoin warning was published, it disappeared from the regulator’s website.

To date there has never been an explanation as to why.

In episode 9 of the BBC’s The Missing Cryptoqueen podcast, Jamie Bartlett reveals OneCoin had the warning removed by threatening the FCA with legal action. [Continue reading…]

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

Despite marketing itself with prominent Swiss branding, SwisDerm is actually a Malaysian MLM company.

As far as I can tell SwisDerm doesn’t have any ties to Switzerland.

On social media SwisDerm credits this guy as their CEO:

Wasn’t the easiest journey but eventually I was able to pin SwisDerm’s CEO down to Vincent Low.

Due to language-barriers, I was unable to establish whether Low had an MLM history prior to SwisDerm.

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 FTC has moved for summary judgment against all counts filed against Jason and Eunjung Cardiff.

Default judgment has also been sought against their company Redwood Scientific Technologies. [Continue reading…]