Liechtenstein’s Financial Markets Authority has issued a securities fraud warning against Exchange Wallet. [Continue reading…]

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

A HyperCapital marketing presentation claims the company is “founded by crypto industry giants”. Ryan Xu, founder of HyperCapital, is the only HyperCapital executive named.

Although Xu is presented as a “crypto giant”…

…in reality I couldn’t find anything other than a few failed cryptocurrency company launches. You know the deal, blockchain this, blockchain that – launch after launch and nobody cares.

I’m not going to follow every Ryan Xu rabbit hole (because there’s no point), but with respect to HyperCapital you have HyperTech Group:

Inside HyperTech Group you have Blockchain Global, HCash (HyperCash), CollinStar and Digital X.

Blockchain Global claims it’s “funding the future of blockchain”. The company’s website currently has an Alexa ranking of 1.9 million (#RIP).

HyperCash (HC), “formerly known as Hcash” according to CoinMarketCap, is an altcoin launched mid 2017.

HC pumped to $43.17 in August 2017. The typical shitcoin dump followed and HC is currently trading at $1.22 (#RIP).

CollinStar bills itself as a “venture capital company in the City of Melbourne, Australia”.

The company’s website (as per their official Facebook page), appeared to be down at the time of publication (#RIP).

I had difficulty tracking down information on Digital X. Here’s a snippet from Blockchain Global’s Wikipedia entry;

In August 2016 Bitcoin Group rebranded as Blockchain Global to reflect a broadened focus including management consulting and business incubation.

The company later developed the blockchain exchange platform ACX.io; in February 2017 it reached an agreement with Digital X to take over the function of that company’s blockchain exchange platform, Digital X Direct.

Unless I’m missing something neither Digital X or Digital X Direct exists today. So I’m assuming they were rolled into ACX.

ACX is an Australian focused cryptocurrency exchange. ACX’s website has a current Alexa ranking of 947,611 (almost #RIP).

Ryan Xu’s connection to HyperCash appears to be through HCash Tech, of which he is a co-founder.

Hcash Tech Pty. Ltd. is an Australian technology company which provides technology consulting services, provided technical assistance in developing the parallel dual-chain & dual token ecosystem to, and is an investor in Blockchain giant, HCASH.

They have been working closely with HCASH for development, and will continue to do so in the future.

The exact nature of Xu’s involvement in HyperCash is surrounded in typical layers of bullshit associated with cryptocurrency.

Is he a mere “advisor” or something more?

A 2017 SteemIt post by author gobbleguts reveals HyperCash was then going by “HCash” – and there’s a link to seemingly now defunct CollinStar.

Back then Ryan Xu was also going by his actual name, Zijing Xu.

An announcement by CollinStar America dated December 2017 reveals Ryan Xu is/was Collinstar’s Chairman:

With that in mind, two months earlier this press-release ties CollinStar to the development of HCash, now known as HyperCash (HC).

CollinStar Capital is the lead manager of the Hcash project, one of the most advanced blockchains that took advantage of many technological breakthroughs that were not available to early blockchain developers.

So to summarize, although he’s not working alone, Ryan Xu == Zijing Xu == Collinstar == Hcash == HyperCash (HC).

But alas, you won’t find that in any of HyperCapital’s marketing documents.

Late 2017 was evidently a busy year for Xu. As he was launching HyperCash, his Media Chain scheme was also coming to an end.

Media Chain was a MDC shitcoin ICO that appears to have primarily targeted Chinese investors.

Upon raising “nearly 100 million yuan from investors” ($14.4 million USD), Xu and his co-conspirators purportedly did a runner.

And that might not be the only ICO scam Xu had a hand in:

More absurdly, Ryan XU, or Zijing Xu, serves as an adviser for this project.

Many blockchain projects backed by Mr.Xu are labeled as scams, like HPS, HRS. MediaChain follows suit.

So uh yeah, “cryptocurrency giants” hey.

As HyperCash circled the gurgler in 2019 and continues to do so in 2020, the cynic in me believed HyperCapital is a desperate attempt to resuscitate the shitcoin.

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

Royaltie was reviewed here on BehindMLM back in 2017.

In the comments of our review a reader recently informed me that it was due for an update.

Today we revisit Royaltie’s MLM opportunity with an updated review. [Continue reading…]

In light of his lawyers abandoning him, Charles Scoville has decided it’s best he represent himself.

Scoville’s first communication with the court is a hand-written letter he’s penned himself.

And boy it’s a doozy. [Continue reading…]

CT Passive provides no information on their website about who owns or runs the business.

CT Passive’s website domain (“ctpassive.com”) was privately registered on November 14th, 2019.

In the description of YouTube hosted marketing videos featured on CT Passive’s website, the company claims to be

part Of C T Network, an Australian registered company.

This presumably corresponds to “C T Network Group PTY. LTD., an entity registered with ASIC on December 26th, 2019.

In terms of regulation ASIC registration is meaningless.

ASIC registration currently costs $36. The regulator does not verify submitted information and rarely regulates MLM related securities fraud.

At the time of publication Alexa pegs India (50%) and the US (21%) as top sources of traffic to CT Passive’s website.

It is highly likely C T Network Group is a shell company, operated by someone based out of India or the US.

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…]

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

KickEX’s website domain (“kickex.com”) was first registered in 2014. The private domain registration was last updated on May 24th, 2019.

On their official Facebook page, KickEX describes itself as a “financial service in Moscow, Russia”.

KickEX appears to be part of the KICK ecosystem, headed up by founder and CEO Anti A. Danilevski (right).

Why this information isn’t disclosed on KickEX’s website is unclear.

Prior to getting involved in cryptocurrency Danilevski worked in the video game industry.

In 2015 Danilevski became an angel investor for Whirl. He transitioned into a Whirl Board Director in June 2017.

As per Danilevski’s LinkedIn profile, Whirl is

a socially driven, “pay it forward” crowdfunding platform built on the blockchain, designed to help individual projects, through mutual scalable support.

This sounds a lot like KickICO, the first launched component of the KICK ecosystem.

At the time of publication Alexa ranks Whirl’s website at over 2.3 million, which for an online business is pretty dead.

To the best of my knowledge Danilevski has no prior MLM experience.

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

Orders filed on December 19th have approved the proposed settlement between the Receiver and MOBE owner Matt Lloyd McPhee.

QualPay’s and Synovus Bank’s long-running campaign to acquire millions in fraudulently obtained funds also appears to be finally over. [Continue reading…]

Regulatory warnings against Exchange Wallet have been issued in both Austria and Germany. [Continue reading…]

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

Million Money’s website domain (“million.money”) was privately registered on August 13th, 2018.

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…]

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

PearlVine International’s website domain (“pearlvine.com”) was first registered in 2015.

The registration is currently private and was last updated on November 1st, 2019. This is likely when the current owner(s) took possession of it.

At the time of publication Alexa estimates that 96% of traffic to PearlVine International’s website originates out of India.

This strongly suggests that whoever is running PearlVine International is likely based out of India too.

One anomaly I came across is PearlVine International’s official Facebook page having been created in 2016. I couldn’t find an explanation for this.

Content on PearlVine International’s Facebook account is pretty light up until the last few months.

Either the account was part of the domain purchase or somebody’s been bust deleting a bunch of posts.

Of note is the page has three unidentified admins. Facebook does however provide that two of them are based out of India, the other is in Thailand.

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…]