edX AI fails to provide ownership or executive information on its website.

edX AI’s website domain (“edxai-usdt.com”), was privately registered on April 25th, 2024.

Of note is edX AI’s website domain being registered through the Chinese registrar Alibaba (Singapore).

In an attempt to appear legitimate, edX AI provides a FINCEN MSB registration certificate for EDX INC. EDX Inc. is represented to be a New York shell company.

The certificate is meaningless, primarily due to FINCEN not being a financial regulator.

Additionally due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence any related certificates are meaningless.

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…]

MproLab fails to provide ownership or executive information on its website.

MproLab’s website domain (“mprolab.io”), was first registered in September 2022. The private registration was last updated on June 12th, 2023.

While there are no legally required disclosures on MproLab’s website, its YouTube channel provides names we can attach to the company.

Marcin Whoa, Michal Bartczak and Piotr Szopa appear on MproLab “community lab” videos.

MproLab’s “community lab” videos began a month ago on March 11th.

On his LinkedIn profile Marcin Whoa, aka Marcin Wojcieszkiewicz, cites himself as a resident of Poland.

Whoa also cites himself as co-founder and COO of MetaPro, which appears to be attached to MproLab. As far as I can tell, Whoa is a random crypto bro with no prior MLM experience.

Michal Bartczak and Piotr Szopa are also from Poland and attached to MetaPro as executives.

In researching the trio I also came across a fourth name, serial Ponzi fraudster Martin Karus.

Karus has been promoting MproLab and MetaPro on Twitter. He refers to both companies in the possessive, suggesting an ownership stake.

Karus (right), also originally from Europe, has since fled to Dubai.

From Dubai Karus continues to defraud consumers through various MLM crypto Ponzi schemes.

The latest MLM crypto Ponzi Karus has been promoting is Xera, a combination of three collapsed Dubai MLM crypto Ponzi schemes.

Collapsed MLM crypto Ponzi schemes Karus himself launched in the past include TronCase and Monarch.

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.

BehindMLM’s guidelines for Dubai are:

1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
2. If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

If you want to know specifically how this applies to MproLab, read on for a full review. [Continue reading…]

Xelliss appears to have collapsed. As per a May 12th press-release, Xeliss’ product IP, distributor and customer database have been sold off to Zinzino.

Both Xeliss and Zinzino are European MLM companies. [Continue reading…]

Mind Capital Ponzi scammer David Lee Kagel has fainted on the way to his Mind Capital change of plea hearing.

As per a May 13th minute entry on Kagel’s criminal case docket; [Continue reading…]

Horizok has received a pyramid scheme fraud warning from Russia.

As per the Central Bank of Russia’s May 5th warning, Horizok exhibits “signs of a financial pyramid”. [Continue reading…]

IAM fails to provide ownership or executive information on its website.

IAM’s website domain (“lam-intrust.com”), was registered with bogus details on April 11th, 2024.

Despite only existing for about a month, IAM falsely represents it was founded in Colorado in 2013.

In an attempt to support this fraudulent claim, IAM provides a Colorado shell company certificate.

The certificate is for Investment Asset Management LLC and is dated April 9th, 2024. IAM doesn’t seem concerned this undermines their “we were founded in 2013” claim.

As to the shell company itself; due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

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…]

Sabify fails to provide ownership or executive information on its website.

In fact as I write this, Sabify’s homepage is nothing more than an affiliate log in form:

Sabify’s operates from the privately registered website domain “sabify.ai”.

Of note is the use of Portuguese in Sabify’s website source-code:

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…]

PDT Quantify fails to provide ownership or executive information on its website.

PDT Quantify has two known website domains:

1. pdtquantify.com – privately registered on April 23rd, 2024
2. pdt-partners.com – privately registered on March 25th, 2024

Despite only existing for a bit over a month, on its website PDT Quantify falsely claims it “was a pioneer in the field of algorithmic trading in the 1990s”.

Of note is both of PDT Quantify’s website domains being registered through the Chinese registrar Alibaba (Singapore).

Additionally, the Central Bank of Russia issued a PDT Quantify pyramid fraud warning on May 3rd, 2024.

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…]

BitHarvest fails to provide verifiable ownership or executive information on its website.

Instead, BitHarvest offers up an executive team with names nobody has heard of:

That’s of course because BitHarvest’s executive team doesn’t exist.

BitHarvest CEO “Logan Lee” is actually Singaporean national Steve Ng.

Ng is a poker player who recently competed in the Asian Poker Tour Taipei 2024 tournament.

From the use of Chinese on BitHarvest’s website…

…we can surmise whoever is actually running BitHarvest is either:

1. Chinese scammers operating out of Singapore;
2. Singaporean scammers operating out of Singapore; or
3. a combination of Chinese and Singaporean scammers operating out of Singapore

Two other names attached to BitHarvest worth noting are Jan Gregory and Marcos Caleb.

Marcos Caleb runs a YouTube channel on which he promoted MLM crypto Ponzi schemes.

Recent MLM crypto Ponzi schemes Caleb has promoted include Trade Like Crazy (collapsed), Titan369 and EchoOne (collapsed).

Jan Gregory, aka Jan Strzepka and Jan Gregory Cerato, is a Canadian national and serial promoter of Ponzi schemes.

In September 2022 the Alberta Securities Commission fined Gregory $165,000 for securities fraud.

Gregory promptly fled Canada and relocated to Dubai. From the MLM crime capital of the world, Gregory spent most of 2023 working with Russian Ponzi scammers based out of Dubai and Turkey.

Gregory’s 2023 MLM crypto Ponzi crimewave saw him front CoinMarketBull, Maxspread Technologies, Vortic United, CloudFi and SureX.

Gregory’s Ponzi scamming from Dubai attracted the attention of regulators in California and Russia.

While Gregory no doubt profited handsomely for recruiting victims into Russian Ponzi schemes, towards the end of his 2023 run cracks in Gregory’s curated carefree social media facade emerged.

This culminated in Gregory publicly issuing a death threat against BehindMLM in June 2023. While I can’t comment on any ongoing investigations into Gregory, I can confirm the threat was forwarded to relevant US federal authorities.

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…]

Horizok fails to provide ownership or executive information on its website.

Horizok’s website domain (“horizok.com”), was privately registered on April 14th, 2024.

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…]