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

MSIM’s website domain (“1ms.top”), was registered with bogus details on April 21st, 2023.

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…]

Qyral co-founder Hanieh Sigari’s new MLM company Ellie MD has had its business operations halted by court order.

Following Ellie MD’s launch last month, on June 7th Qyral co-founder and Sigari’s estranged husband, Dariusz Banasik, filed for a Temporary Restraining Order (TRO). [Continue reading…]

Mavie Global, Ultron and several promoters have received a cease and desist order from Quebec’s Autorite des Marches Financiers (AMF).

Named respondents in AMF’s May 16th order are: [Continue reading…]

Following his arrest in late May and subsequent release on bail earlier this week, further details of Neil Leon De Waal’s criminal case have emerged.

A June 6th report from Netwerk 24’s Jana van der Merwe provides insight from De Waal’s Monday bail hearing. [Continue reading…]

Atha Quantify, aka SASKF, fails to provide ownership or executive information on its website.

Atha Quantify’s website domain (“athaquantify.com”), was privately registered on May 25th, 2024.

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

Also If we look at Atha Quantify’s two support options (dodgy Telegram links), we find Chinese:

Atha Quantify has already attracted the attention of regulators. The Central Bank of Russia issued an Atha Quantify pyramid fraud warning on May 31st, 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…]

Samuel James Smith has settled FTC Act and Telemarketing Sales Rule violations with the FTC.

As per a May 28th filed consent judgment, Smith has agreed to a $7.5 million judgment.

The FTC filed suit against Smith and accomplices Bob Shafer and Charles Garis back in January.

Smith and Shafer ran Blueprint to Wealth, which the FTC describes as [Continue reading…]

New York Attorney General Letitia James has sued NovaTech FX, AWS Mining and Eddie and Cynthia Petion for fraud.

Through NovaTech FX and AWS Mining, the NYAG alleges the Petions “defrauded thousands of investors worldwide out of over a billion dollars”. [Continue reading…]

South African authorities have arrested GSPartners promoter Neil Leon De Waal.

De Waal was recruited into GSPartners by Brendon Earp-Jones, who in turn was recruited by Andrew Eaton.

Eaton was a top GSPartners promoter who worked directly under owner Josip Heit. [Continue reading…]

E-MobiPower fails to provide ownership or executive information on its website.

E-MobiPower’s website domain (“e-mobipower.com”), was privately registered on April 30th, 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…]

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

Quantex’s website domain (“quantex.shop”), was privately registered on May 17th, 2024.

Despite only existing for a few weeks, on its website Quantex falsely claims it’s been around since 2022.

Since its inception in 2022, Quantex has been relentlessly evolving, adapting to the rapidly changing world of cryptocurrency and forex.

Of note is Quantex having already attracted the attention of financial regulators. The Central Bank of Russia issued a a Quantex pyramid fraud warning on May 27th, 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…]