Expo R&M Review: Virtual shares investment fraud

Expo R&M operates in the cryptocurrency MLM niche.

The company represents it is headed up by “official beneficiary” Cesar Barmejo.

Barmejo doesn’t exist outside of Expo R&M’s marketing material.

Barmejo’s personal Twitter account was created in November 2020, and exists solely to promote Expo R&M.

Barmejo appears in one Expo R&M marketing video. He speaks in Spanish and is sitting in the usual rented office environment.

All of this marks Cesar Barmejo as a prime Boris CEO candidate.

Expo R&M has ties to the Ukraine and Russia through its EU Regional Ambassador, Agris Chukurs.

Chukurs’ provided Facebook profile was created in 2009 and reveals he is a frequent traveler between the Ukraine and Russia.

Chukurs appears to be an actual person, however there’s nothing linking him to the MLM industry outside of Expo R&M.

This is odd seeing as Expo R&M claims Chukurs ‘worked as a network sales executive for a U.S. company.’

Expo R&M’s ties to the Ukraine match up a staged “expo event”, held in Kiev in October 2020.

This is around the time Expo R&M launched. The company’s website domain was privately registered in May 2020.

Despite only existing for a few months, on its website Expo R&M falsely represents it has been around since at least 2017.

In an attempt to appear legitimate, Expo R&M provides a basic incorporation certificate for IH Expo Research and Management Global LTD.

The company was incorporated in Cyprus in July 2020. Basic incorporation anywhere is meaningless with respect to MLM due-diligence.

Basic incorporation in dodgy jurisdictions like Cyprus are even more meaningless.

Alexa currently ranks two countries as providing the majority of traffic to Expo R&M’s website; Argentina (41%) and the Ukraine (15%).

The ties to Argentina are probably linked to hiring of whoever Cesar Barmejo actually is.

Putting all of this together, Expo R&M appears to be a case of Ukrainian admins scamming South Americans.

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…]

OneCoin featured in Netflix’s Money: Explained series

Episode one of Netflix’s new Money: Explained mini-series features OneCoin and BitConnect.

Both are MLM Ponzi schemes that bilked investors out of billions of dollars. [Continue reading…]

US BitConnect promoters sued by SEC

Top US promoters of the BitConnect Ponzi scheme have been sued in a securities fraud lawsuit filed by the SEC.

Defendants on the chopping block are Trevon Brown (aka Trevon James), Craig Grant, Joshua Jeppesen, Ryan Maasen, Michael Noble (aka “Michael Crypto”).

Jeppesen’s fiancee, Laura Mascola, is the sole named relief defendant.

As described by the SEC, these were BitConnect’s “most successful promoters in the United States”. [Continue reading…]

Investrix Review: 147.8% ROI trading bot Ponzi scheme

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

In an attempt to appear legitimate, Investrix provides an ABN and corporate address in NSW, Australia on its website.

The address is some random residential apartment complex. The provided ABN is bogus.

Investrix’s website domain (“investrix.io”) was privately registered on March 10th, 2021.

Alexa currently ranks the top sources of traffic to Investrix’s website as Canada (61%) and Pakistan (27%).

There’s a good chance whoever is running Investrix is based out of one of these two countries.

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…]

Torexo Finance Review: Return of the Boris CEO Ponzis?

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

In fact as I write this, Torexo Finance’s website is nothing more than an expired launch timer.

An official Torexo Finance marketing presentation cites “Leonardo Santoro” as founder of the company.

Santoro doesn’t exist outside of Torexo Finance’s marketing material. He’s also depicted against a greenscreen backdrop of a virtual office, making him a prime Boris CEO candidate.

Torexo Finance’s website domain (“torexo.com”) was originally registered in 2018.

The private registration was last updated on May 7th, 2021. This is likely when Torexo Finance’s owners took possession of the domain.

This is supported by a search of the Wayback Machine, which reveals Torexo Finance’s website domain was for sale up until it was purchased this month.

Despite not existing until a few weeks ago, in their official marketing material, Torexo Finance falsely claims;

The history of the Torexo company began in 2016 when Leonardo Santoro created a team of traders and trust management pool from several dozen clients.

If we look at the source-code of Torexo Finance’s website, we can see HTML elements in Russian:

This strongly suggests Torexo Finance is being run by someone from Russia or the Ukraine.

Supporting this is Alexa traffic estimates, which peg the top sources of traffic to Torexo Finance’s website as Russia (45%), Vietnam (15%) and the Ukraine (11%).

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…]

Sebastian Greenwood rejects plea deal, tons of new evidence

Two interesting updates have come from a May 27th Status Conference in Sebastian Greenwood’s criminal case.

The first update is that efforts to negotiate a pre-trial disposition of the case have thus far been unsuccessful.

As explained by prosecuting DOJ attorney Nicholas Folly; [Continue reading…]

Digital Income Systems fraud settlements top $3.5 mill dollars

Earlier this month we reported on the FTC reaching settlements with several Digital Income Systems defendants.

On May 26th the FTC filed notices of settlement approval for defendants Jennifer Hedrick (aka Jennifer Maurer), Derek Jones Foley and William Foley, Christopher Brandon Frye and Kaitlyn Scott. [Continue reading…]

FTC files for new Success by Health preliminary injunction

In our last Success by Health update we noted the court had given

Success by Health until May 21st to ‘file a motion to dissolve or modify the Preliminary Injunction and receivership’.

To that end Success by Health filed a memorandum detailing what they believed the recent AMG decision had on the FTC’s case.

Three days before that was filed however, the FTC filed a motion requesting a new preliminary injunction be granted. [Continue reading…]

Global Trading Club scammers on track to settle with CFTC

The Global Trade Club defendants are heading towards settlement agreements with the CFTC. [Continue reading…]

VPL Receivership to disband, Cardiffs & FTC share costs

As part of the fallout of the AMG decision wreaking havoc on FTC regulatory cases, the VPL Receivership is schedule to be discharged.

The VPL Receivership was established as part of the FTC’s ongoing Redwood Scientific Technologies fraud case. [Continue reading…]