Auvoria Prime is the third attempt to sell use of a non-profitable trading bot to gullible victims.

The scheme started as SilverStar Live, which ended in a $75,000 CFTC fraud settlement.

Co-owners Hassan Mahmoud and Candace Ross-Mahmoud then rebooted the scheme as Eaconomy.

Last month Eaconomy collapsed, amid bickering between the scammers running the show.

Auvoria Prime surfaced shortly after Eaconomy’s collapse, headed up by Chief Network Officer Sal Leto.

Auvoria Prime’s launch prompted a lawsuit from Eaconomy, filed in California on March 23rd.

Sal Leto (right) was Eaconomy’s Vice President of Operations.

Prior to Eaconomy, Leto is best known for spearheading attempts to market the OneCoin Ponzi scheme in the US.

When that failed Leto switched to iPro Network. iPro Network was recently sued by the SEC for being a $26 million dollar pyramid scheme.

Here’s a run down of the rest of Aurovria Prime’s executives:

• Joshua Phair is Auvoria Prime’s Chief Financial Officer, brought on as an Eaconomy consultant in July 2019
• Bill Wynne is Auvoria Prime’s Chief Technology Officer, formerly Eaconomy’s Chief Technology Officer
• Vanessa Leto (aka Rosario Lopez) is Auvoria Prime’s Corporate Director, she’s Sal Leto’s wife and evidently partner in crime

Another name that stood out to me was Mariska van de Langenberg, hilariously credited as Auvoria Prime’s Director of Compliance.

Van de Langenberg is another Eaconomy recruit. We first came across Van de Langenberg as CEO of 5 Star Signals back in 2015.

5 Star Signals, a pyramid scheme masquerading as an MLM trading opportunity, was issued a securities fraud non-compliance fine by the Netherland’s AMF.

In July 2016 5 Star Signals collapsed, amidst claims of $180,000 in commissions being stolen. Total investor losses remain unknown.

Yeah, some of the folks behind Auvoria Prime have been at this for a while.

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

Kosmoh operates in the cryptocurrency MLM niche. The company represents it is based out of Wyoming in the US, however this is unlikely to be the case.

Kosmoh provides an executive team summary on its website.

Scrolling through the stock photo feeling images, “Tyler Weah” caught my eye:

I could have sworn this was a Fivver actor I’d only just recently come across. I went through the archives and on February 12th I reviewed FX Farms.

Sure enough, FX Farms’ marketing videos featured the same Fiverr actor. Here it appears whoever is behind Kosmoh has just stolen the Fiverr actor’s profile photo.

The guy Kosmoh has fronting their marketing videos also gives off a strong Fivver vibe.

Update 25th May 2020 – As at the time of this update Kosmoh have deleted their YouTube channel and Fivver actor marketing videos. /end update

Readers over at the BitcoinTalk forum have gone one step further, identifying several examples of Photoshop manipulation.

Provided photos of Kosmoh’s supposed corporate office are also just badly photoshopped stock office images.

It is thus clear executive and corporate information provided on Kosmoh’s website is completely bogus.

Kosmoh’s website domain (“kosmoh.com”) was privately registered on December 3rd, 2019.

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…]

Reflecting the executive experience of those running it, Circle of Finance’s corporate structure is a convoluted mess.

For the most part I’m just going to refer to the opportunity as Circle of Finance, but for reference here are the schemes components:

• Circle of Finance – appears to be an umbrella company (???)
• TradeInvicta – internal cryptocurrency exchange
• TrebleU – MLM side of the business
• DealsInvicta – ecommerce platform

There might be additional components I’ve missed, but these were the ones I came across when putting together this review.

Heading up Circle of Finance are newlyweds Veselina Valkova and Habib Zahid.

Valkova and Zahid are OneCoin Ponzi veterans.

Valkova worked in OneCoin’s head office in Sofia, Bulgaria. Zahid was a top promoter of the scheme.

After OneCoin Zahid has taken to going by Habib Abdul Rehman.

Since US authorities began cracking down on OneCoin and making arrests, the couple are believed to be hiding out in Dubai.

Note however that I haven’t seen any recent confirmation of this.

The rest of Circle of Finance’s corporate structure hasn’t been publicly revealed. The only affiliates promoting the scheme appear to all be former OneCoin investors.

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

Via a letter addressed to the court, David Pike’s attorneys have confirmed the OneCoin money launderer intends to plead guilty. [Continue reading…]

Well Beyond operates in the nutritional supplement MLM niche.

The company came about back in 2017, following the acquisition of MXI Corp by Jeremy Reynolds.

MXI Corp marketed Xocai chocolate, with the two brands being synonymous with each other.

Reynolds (right) is credited as a “founding distributor” of MXI Corp. In essence, MXI Corp’s founders, Jeanette and Andrew Brooks, sold the company to their Master Distributor.

As per a September 2017 press-release published on Well Beyond’s website;

Well Beyond will continue marketing all of the current Healthy Chocolate, Xe Energy Drinks, High Antioxidant Wellness Shake, and Xophoria personal care products, along with their recently acquired brand of Nootropic products called Remity to preferred customers and business partners throughout the US, Canada, Scandinavia, and Japan.

In a 2013 marketing video, Reynolds discloses he started a “nutritional manufacturing company” in 2003. Through his company, Reynolds claims to have manufactured products for a number of MLM companies.

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

AirBit Club has been banned in Italy following a securities fraud warning issued by CONSOB.

CONSOB is Italy’s SEC equivalent. The regulator issued a securities fraud warning against AirBit Club on March 30th. [Continue reading…]

Jason and Eunjung Cardiff have once again been found in contempt of court.

Unfortunately due to the COVID-19 pandemic, the pair have been spared prison time. [Continue reading…]

If the company’s official Twitter account is to be believed, iPro Network is in the midst of pulling another exchange exit-scam.

This is the same iPro Network that was sued by the SEC eleven months ago. [Continue reading…]

Withdrawal delays suggest the Cash FX Group Ponzi scheme is on the verge of collapse.

CEO Huascar Lopez addressed Cash FX Group’s ongoing withdrawal delays in an email sent out to investors. [Continue reading…]

As part of an ongoing investigation, prosecutors in Tanzania have moved to recover $6.9 million in stolen OneCoin investor funds. [Continue reading…]