Authorities in Switzerland and Austria have issued investment warnings against AladinCoin. [Continue reading…]

Over four years since the SEC filed suit against Faith Sloan, a trial date has now been set. [Continue reading…]

Edu Swarm provide no information on their website about who owns or runs the business.

The Edu Swarm website domain (“eduswarm.com”) was privately registered on April 27th, 2018.

Further research reveals Edu Swarm marketing videos in which Bobby Cannata cites himself as owner of the company.

Up until recently Cannata was a prominent Market America affiliate. In July 2017 Cannata celebrated 25 years with the company:

Whether Cannata is still a Market America affiliate is unclear.

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

Dominant Finance operates in the financial MLM niche and is headed up by President Thomas Eklundh.

According to Eklundh’s Facebook profile he’s based out of Gothenburg, Sweden. There are a few photos of Eklundh on the profile so he, or at least the person playing him, appears to be an actual person.

I say this because there’s a potential red-flag in that the Thomas Eklundh Facebook profile was only set up on April 30th, 2018.

A few marketing meme type posts were made, before Eklundh (right) began promoting Dominant Finance on June 7th. This is not typical Facebook profile activity of an actual person.

Supporting this is the fact that “Thomas Eklundh”, as represented on the Dominant Finance website, doesn’t appear to exist anywhere on the internet prior to 2018.

There is another suspicious “Thomas Lucas Eklundh” Facebook profile featuring the same person, which again has no actual content until March 2018. After which it’s again nothing but Dominant Finance promotion.

A point of interest is the Thomas Lucas Eklundh Facebook profile states Eklundh lives in Chicago, Illinois.

Update 1st January 2019 – As suspected, Thomas Eklundh doesn’t exist. He is being played by someone going by “Sander Lime” on Facebook:

Lime’s real name appears to be Sander Sellin. In an October 2018 interview with Buduaar, Sellin is cited as the Artistic Director of the Ballet Royal Gala.

As per Sellin’s Facebook profile, he is based out of Tallin, Estonia. Why he is fronting Dominant Finance is unclear. /end update

On their website, Dominant Finance provides incorporation certificates for Belize, the UK, Hong Kong, the US and Russia.

We’ll preemptively discard Belize, the UK and Russia, because incorporation in these jurisdictions is practically meaningless.

The Hong Kong certification is an 18th May one-page incorporation document for “Dominant Holdings Limited”.

There doesn’t appear to be anything behind the incorporation other than the minimum requirement of filing some paperwork.

The US incorporation for “Dominant Finance LLC” in Florida. There’s a gun range at the address provided (different suite) but not much else.

A “Dmitri Garusov” is cited as the registered agent on the incorporation document. Garusov is cited as an Executive Director of the company on the Dominant Finance website.

A Facebook profile bearing the name Dmitry Garusov was set up on or around April 27th, 2018. Most of the content is in Russian.

Outside of that there’s nothing connecting Garusov to Dominant Finance. Like Thomas Eklundh, he doesn’t appear to have existed prior to early 2018.

At the time of publication Alexa cite Russia as the largest source of traffic to the Dominant Finance website (26%).

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…]

Authorities in the Dominican Republic have arrested Andre Feitosa, citing him as President of of MoneyFree Club. [Continue reading…]

Glenn Arcaro has moved to dismiss a class-action lawsuit filed by BitConnect victims.

Arcaro, who went into hiding just before BitConnect collapsed earlier this year, dismisses victims of the multi-billion dollar Ponzi scheme as “disappointed gamblers”. [Continue reading…]

A top Indian BitConnect investor was arrested at Delhi airport on Saturday.

Divyesh Darji was apprehended following a look-out notice issued as part of an ongoing investigation. [Continue reading…]

The iBull Trade website identifies Salvatore Tagliavia, Giuseppe Mancino and Stefano Soldi as co-founders of the company.

Of the three iBull Trade co-founders, Tagliavia appears to be running the show. Tagliavia is based out of Bulgaria, which is presumably where iBull Trade is operated from.

The iBull Trade website states the company

began in 2009 when with some entrepreneurs and who were investing in cryptocurrencies.

After a while, they found a way in which they could to create a more stable management of income lasting over time but always very profitable.

So a few years later, precisely in 2011, with the contribution of the European Community and the Norwegian Government that financed the project, we started work on the construction of our first Mining Farm near Oslo.

Since 2013, the project has been merged under the direct and exclusive guidance of EcoTrade13.

To be clear, iBull Trade itself didn’t exist until late 2017.

On his social media profiles Salvatore Tagliavia (right) cites himself as the sole founder and owner of EcoTrade13.

EcoTrade13 doesn’t appear to have a web presence, casting doubt on iBull Trade’s backstory.

For what it’s worth Tagliavia’s LinkedIn profile suggests EcoTrade13 launched on or around 2013.

In 2014 Tagliavia was promoting Olympic Idea, which he claims he is also the founder of on Twitter.

Olympic Idea is a marketing tool MLM opportunity that appears to have rebranded as Our Global Idea at some point.

Alexa traffic estimates for the Our Global Idea website suggest nothing much is happening for the company outside of Greece (99.5% of total website traffic). Whether Tagliavia is still involved with the company is unclear.

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

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

The ExoCoin website domain (“exo-coin.io”) was privately registered on February 15th, 2018.

Language on the ExoCoin website (excessive use of “have”) suggests it was put together by a Chinese-speaking admin.

At the time of publication Alexa cite Nigeria as the largest source of traffic to the ExoCoin website (74%). Indonesia is second coming in at 13%.

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…]

Kaching Fund cite “James Brown” as founder and CEO on their website.

Brown is represented by a very stock-looking image of a businessman, locked hexagon graphic.

The image file used to represent Brown is named “hexperson.png”.

No specific information about Brown is provided and it’s pretty obvious he doesn’t exist.

Kaching Fund also provide bogus image representations for Investor Relationship Agents (none of whose contact information actually works), and fake journalist and developer testimonials (stock images again).

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…]