GIG-OS is the latest chapter in the EmGoldex scam saga.

EmGoldex was a gold themed cycler Ponzi scheme that launched in 2014.

Following multiple regulatory investigations and fraud warnings (the US, Philippines, Malaysia, UAE), EmGoldex collapsed in mid 2015.

The company rebooted as Global InterGold shortly after the collapse, carrying on as if nothing happened.

In November 2015 Philippine authorities filed criminal charges against local ringleaders.

Since then Global InterGold fraud warnings have been issued by Curacao and Peru.

In February 2019 authorities in Sweden arrested Joseph Tran, a serial Ponzi scammer who dated back to the EmGoldex days.

Two months ago Global InterGold collapsed and was rebooted as GIG-OS.

GIG-OS (Global I Gold Online), has been set up as a bogus shell company in England.

Who owns and operates any of the EmGoldex companies has never been publicly disclosed. In our Global InterGold review, marketing footage suggested eastern Europeans were behind the scheme.

This is supported by the majority of EmGoldex/Global InterGold/GIG-OS marketing videos being natively recorded in Russian.

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…]

What’s left of Dennis Windsor’s lawsuit against Nerium has been dismissed by a Texas court. [Continue reading…]

Legal correspondence between attorneys alleges WorldVentures’ revenue has been “decimated”.

The leaked email correspondence pertains to a Texas District court case, which WorldVentures is defending. [Continue reading…]

BitClub Network scammer Joby Weeks has filed another emergency release motion.

Among others, Weeks’ motion is addressed to President Trump, Vice President Mike Pence, “All the Supreme Court Justices”, William Barr (US AG), and New Jersey Senators Corey Booker and Robert Menendez. [Continue reading…]

MarketPeak operates in the MLM cryptocurrency niche. The company represents it is incorporated in Dubai, specifically;

PEAK TECH – FZCO, DSO-THUB, Dubai Silicon Oasis, Dubai – UAE

MarketPeak is headed up by CEO and co-founder Sergej Heck.

Most of the information available on Heck (right) is in German. That said I was able to verify information a reader sent in, tying Heck to a number of MLM Ponzi schemes.

Prior to founding MarketPeak Heck promoted Questra Global (this SteemIt article claims he convinced others to invest 9 million) and Cryp Trade Capital.

Heck also appears to have been involved in the BeOnPush Ponzi scheme in 2017.

There is of course no mention of any of these companies in Heck’s MarketPeak corporate bio. Instead Heck’s serial scamming is reduced to him supposedly being

famous for his enormous success in establishing a global sales team in only a matter of months.

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

Forsage provides no information on its website about who owns or runs the company. In fact Forsage claims it doesn’t have an admin.

The project Forsage no admin.

This is of course baloney, as someone obviously set up the company’s website and runs and profits from it.

The presence of Russian on Forsage’s default English language website suggests someone fluent in Russian is behind the company:

At the time of publication Alexa cites the US (22%), India (7%) and Venezuela (6%) as the top three sources of traffic to Forsage’s website.

Forsage’s website domain (“forsage.io”) was privately registered on February 9th, 2020.

Update 1st July 2020 – In a regulatory fraud warning, the Philippines SEC has outed Lado Okhotnikov as owner of Forsage.

This tracks with Forsage affiliate promotional material, which also cites Okhotnikov (right).

Okhotinov appears to reside in Moscow, Russia. However based on social media postings he is believed to currently be based out of Tbilisi, Georgia. /end update

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…]

Back in January 2019 the Wakaya Perfection securities fraud lawsuit was sent to arbitration.

In an April 10th filing on the case docket, the parties involved have advised the court a settlement was reached on February 27th, 2020. [Continue reading…]

Plaintiffs in the OneCoin class-action have been given until April 16th to explain why their case shouldn’t be dismissed. [Continue reading…]

Okaizo provides no information on its website about who owns or runs the business.

The only contact details provided is an address in Amsterdam in the Netherlands.

Further research reveals this address actually belongs to Regus, a virtual office provider.

On LinkedIn Bing Voorham (full name: Bernardus Johannes Gijsbertus Voorham), cites himself as Okaizo’s CEO and Founder.

Prior to Okaizo, Voorham was a promoter of the notorious OneCoin Ponzi scheme.

In May 2017 Voorham was cited by BusinessForHome as “one of OneLife’s most prominent leaders at the moment with $300,000 per month earnings”.

Through the UK shell company Okaizo Limited, Okaizo also has ties to Parwiz Daud, Nawid Habib and Abdulmansour Tawafi.

Like Voorham, Daud and Tawafi are also a former OneCoin scammers.

After OneCoin, circa mid 2018, Daud, Habib and Tawafi launched their own OneCoin Ponzi clone, AuLives.

At the time of publication Alexa rank AuLives’ website at over 10 million, which for a Ponzi scheme is as good as dead.

As per the screenshot above, Voorham’s LinkedIn profile places him in Andorra. Daud and Tawafi are from the UK.

According to LinkedIn, Nawid Habib’s failed ICO HeadStart company is/was based out of The Hague.

This suggests Habib (right) is Okaizo’s only link to the Netherlands.

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

The mystery of OneCoin co-founder Sebastian Greenwood’s post-extradition disappearance is over.

On April 6th Greenwood’s 2018 indictment was unsealed, giving us all the juicy details. [Continue reading…]