Someone has gone to a fair bit of effort in the presentation of Moni Finex’s management team.

Moni Finex is part of MoniFinex Global, which is supposedly headed up by owner and CEO Moni Micha.

Moni Micha is played by this guy:

I say played because prior to Moni Finex launching earlier this year, Moni Micha didn’t exist.

Which is strange, when you consider MonFinex Global claims Micha

received an offer as an advisor which continued for 10 forex trading companies in a row, those are at the top in the market even now.

For clarity, here’s when MoniFinex’s Global’s associated websites were created:

• Moni Micha bio site – September 27th, 2018
• MoniFinex Global – March 22nd, 2019
• Moni Finex – September 27th, 2018
• MoniFinex Forex – May 20th, 2019
• MoniFinex Coin – March 22nd, 2019

All the MoniFinex Global domains are registered privately.

What stands out in particular is the fact that that the Moni Finex domain was registered prior to Moni Global.

The original intent was obviously to launch Moni Finex. At some point whoever is behind Moni Finex decided to create a bunch of companies, all under the MoniFinex Global umbrella.

Moni Micha’s accent is distinctly eastern European, which coincides with the claim he was born in the Ukraine.

At the time of publication Alexa pegs Thailand (37%) and the US (28%) as top sources of traffic to the Moni Finex website.

In their marketing material, Moni Finex provide four certificates of incorporation; Seychelles the Commonwealth of Dominica, the UK and Delaware in the US.

We can write off the first three as they are scam-friendly jurisdictions with little to no regulation.

I ran a search for “monifinex” on Delaware’s Divisions of Corporations website, and nothing came up.

The Deleware certificate provided in Moni Finex’s marketing material appears to be bogus.

Looks like we’ve got another dodgy Russian/Ukrainian company scamming people halfway across the world.

Read on for a full review of the Moni Finex MLM opportunity. [Continue reading…]

Abundance Network provides no information about who owns or runs the business on their website.

In fact as I write this, Abundance Network’s website is nothing more than an affiliate login form.

Further research reveals Abundance Network’s Terms and Conditions (not linked from their website).

Abundance Network’s Terms and Conditions makes multiple references to “Autom8tion LLC”;

This Terms of Use and the license granted may not be assigned or sublet by You without Autom8tion, LLC. and Abundance Network’s written consent in advance.

Autom8tion LLC is a Utah company owned by Jeffrey Alan Long, better known in the MLM industry as Jeff Long.

Jeff Long first appeared on BehindMLM’s radar as the founder of AutoXTen, a recruitment scheme launched in 2011.

AutoXTen collapsed a few months after launch, with Long going to launch SMS Dailies. It too didn’t last long.

Long (right) resurfaced in late 2015 with Get Paid Social, a Facebook spam pyramid scheme.

Get Paid Social went into decline throughout 2016, prompting Long to launch 1 Online Business in mid 2017.

1 Online Business combined a cycler Ponzi business model with social media spam. Alexa traffic estimates for the 1 Online Business show a brief hype period followed by a collapse leading into 2018.

Long launched and began promoting Luvv, a pyramid scheme, around April, 2018.

Luvv is believed to have collapsed a few months after its launch.

Earlier this year Long resurfaced with NewU Financial, a shady MLM gifting scheme promising investors a 200% ROI.

Here’s how that played out:

NewU Financial flopping appears to have prompted Long to launch Abundance Network.

Read on for a full review of the Abundance Network MLM opportunity. [Continue reading…]

As per an announcement sent out to investors a few hours ago, the FX Trading Ponzi scheme has collapsed. [Continue reading…]

Jubilee Ace operates in the cryptocurrency MLM niche and claims to have been “founded in British Virgin Islands in 2018”.

Jubilee Ace represents an individual named Tony Jackson is its CEO.

Jackson (right) doesn’t appear to have a digital footprint outside of Jubilee Ace’s website.

On June 9th Jubilee Ace uploaded a video to its YouTube channel titled “Jubilee Ace Global Launch 29th May 2019”.

Jackson appears in the video so despite the stock like photo used on Jubilee Ace’s website, does appear to be an actual person.

Or at least someone playing him.

Jubilee Ace’s launch event was held in Macau and primarily features what appears to be affiliates of Asian origin.

Jubilee Ace’s marketing has a notable focus on Thailand and Japan.

It is highly likely that whoever is actually running Jubilee Ace is based out of Asia itself.

Given the lack of information available on Jackson outside of Jubilee Ace, I’m chalking this up to another Asians hire actor to front their company scenario.

Another possible scenario is “Tony Jackson” and friends are from Eastern Europe.

I’m doubting this though as Jackson and friends appear to have been given scripts to read at Jubilee Ace’s launch event.

This would require a level of English proficiency typically absent in eastern Europe scammers.

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…]

Despite a last-minute letter desperately attempting to diminish his role within OneCoin, Konstantin Ignatov has been denied pre-trial release. [Continue reading…]

Rumors of OneCoin’s ties to organized crime have persisted ever since authorities around the world began cracking down on the scheme.

No alternative explanation has surfaced as to why to date Bulgarian authorities have failed to shut OneCoin down. Or how the company’s executives and top promoters were able to travel the world with impunity.

Turns out where there’s smoke there’s fire. [Continue reading…]

FuturoCoin markets itself as “the most innovative cryptocurrency”.

In reality FuturoCoin was nothing more than a Ponzi exit-scam for FutureNet’s owners and top investors.

Having milked their current crop of gullible investors dry, FutureNet are now hoping to reboot their failed cryptocurrency. [Continue reading…]

Following the denial of a preliminary injunction, Mark and Tammy Smith’s lawsuit against Neora and Jeff Olson is heading to arbitration. [Continue reading…]

Konstantin Ignatov’s hopes of a smooth pre-trial release have been dashed, following a damning opposition filing.

According to the DOJ, there are no bail conditions that would assure Ignatov won’t flee the US. [Continue reading…]

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

The Mizes website domain (“mizes.biz”) was privately registered on July 31st, 2018.

At the time of publication, Alexa pegs Iran (23%), Russia (10%) and India (8%) as the top three sources of traffic to Mizes’ website.

It is highly likely that whoever is running the company is based out of one of these three 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…]