Gain Bitcoin launched their MCAP MLM opportunity earlier this year.

As per BehindMLM’s Gain Bitcoin review, the company operates as your typical MLM pump and dump altcoin Ponzi scam.

Gain Bitcoin affiliates invest bitcoin and receive a monthly 10% ROI.

To avoid haemoraghing investor funds, Gain Bitcoin pay ROIs in MCAP.

MCAP is a worthless altcoin created solely to offload Gain Bitcoin’s ROI liabilities onto.

Not surprisingly as Gain Bitcoin affiliate recruitment dropped off, so too has MCAP’s public value.

This has seen desperate investors scramble to recover their losses, prompting Gain Bitcoin to collapse.

This is nothing new in the world of MLM altcoin Ponzi schemes. However what’s particularly devious about Gain Bitcoin is upon collapse, a reboot was immediately announced. [Continue reading…]

Not content with filing a frivolous lawsuit over lost Ponzi PR earnings, Chris Principe has now filed for a “Preliminary Injunction Order Against Harassment”.

Principe claims defendant Tim Curry is ‘threatening him and accusing him of criminal activity in the foulest, most vitriolic language possible‘, and has asked the court to silence him. [Continue reading…]

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

The BitCase website domain (“bitcase.biz”) was privately registered on November 8th, 2017.

The official BitCase Facebook group was created by an account bearing the name “Mark Rogers” on November 9th.

The Mark Rogers account itself is bogus, having only been created around the same time (no content other than BitCase promotion).

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…]

Pay Today provide no information on their website about who owns or runs the business.

The Pay Today website (“paytoday.house”) was registered on November 2nd. Sergey Frolov is listed as the owner, with an address in Saxony, Germany also provided.

Frolov first appeared on BehindMLM last month as the owner of the Ensis Ponzi scheme.

Ensis launched in late October and advertised a 150% daily ROI. A visit to the Ensis website today reveals it has been suspended by its hosting provider.

Frolov also owns Stargate LTD, another recently launched Ponzi scheme.

Frolov provides a corporate address for PayToday in the UK. A bogus UK incorporation number is also provided.

Frolov is believed to be operating from either Germany or Russia.

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

Four and a half years after the SEC shut it down and with one of its founders in jail for wire fraud, you’d think TelexFree’s net-winners wouldn’t have a leg to stand on.

Not these shameless scammers.

With criminal proceedings against James Merrill concluded and Carlos Wanzeler a fugitive in Brazil, the SEC’s civil case against TelexFree’s top net-winners resumed.

Named as defendants in the SEC’s case are Faith Sloan and Santiago De La Rosa, who to this day deny responsibility for their role in the $3 billion dollar Ponzi scheme. [Continue reading…]

Invia World provide no specific information on their website about who owns or runs the business.

The company claims to be based out of Austria and made up of ‘a group of investors, technicians and people who have been dealing with digital currencies and cryptomining for years‘.

Unfortunately being based in Austria means most of the Invia World marketing material is in German.

One affiliate presentation in English however cites Daniel Zdesar (right), Stefan Huber and Stefan Scharfl as “Invia staff”.

Public records for Invia GmbH list Zdesar (51%), Huber (5%) and Scharfl (44%) as the sole three shareholders of the company.

Holding 51% of issued shares, Daniel Zdesar appears to be in control of Invia World.

Officially however Zdesar (right) is only credited as Invia World’s Chief Marketing Officer.

Prior to launching Invia World Daniel Zdesar ran Questra Austria, a local chapter of the Questra World Ponzi scheme:

In addition to Austria, Zdesar was also active in promoting Questra World throughout Germany (he owns the Questra Bavaria website domain).

Why none of this is disclosed on the Invia World website is unclear.

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

DasCoin CEO Michael Mathias is furious over comparisons of his company to OneCoin.

Acknowledging that OneCoin is unable to ensure ‘compliance with US laws and regulations’, Mathias insists his DasCoin and OneCoin are ‘completely separate entities with absolutely no affiliation or connection or business association with each other.‘

Personally I wasn’t aware of anyone claiming otherwise.

Earlier this year a blurry photo of Mathias with Maltese Prime Minister Joseph Muscat emerged on social media (photo right, with Mathias left and Muscat right).

Net Leaders affiliates were quick to cite the photo as proof of pending collaboration with the Maltese government.

This attracted the attention of Malta Today, who ran an article covering the story on September 18th.

That didn’t go down well with Mathias, who demanded a right of reply.

He was given one and the original article was updated to include Mathias’ many denials.

Evidently nobody believed him, as Mathias has now filed a judicial protest demanding the article be taken down. [Continue reading…]

BTC Global Team provide no information on their website about who owns or runs the business.

The company does however claim to be ‘the marketing arm of Steven’s Trading business.‘

We are backed by our founding trader at Steven Twain.

Steven has 6 years of experience trading binary options with consistent success, over the last 3 years he has started providing trading services for other large investors ($10,000+ only).

(Our) group negotiated an amazing deal with Steven to get access to his trading services.

Twain’s photo on the BTC Global Team website corresponds to the since deleted @steventwain22 Instagram account.

Starting around two years ago, Twain used his Instagram account to promote an undisclosed opportunity he claimed was paying 10% to 15% a week.

Five months ago Twain was also advertising a 10% a week ROI bitcoin investment opportunity on the website Jobs68 South Africa:

Around the same time someone by the name of Henry Obianyo was also promoting a 10% weekly ROI opportunity on Facebook, using Steven Twain’s contact details:

Obianyo is based out Nigeria and runs Michrob Koncepts Free Signals, a binary signals Telegram private chat group.

Obianyo’s Nigerian location may be of significance. In the image above from Twain’s since deleted Instagram account, the Nigerian Naira is the exchange currency onscreen.

A Steven Twain Facebook profile does exist but was only created a few months ago in August.

The same day the Twain Facebook account was created it was used to promote BTC Financials.

Today BTC Financials is known as BTC Global Team.

Whether Steven Twain exists, as represented by BTC Global Team is unclear.

What is clear is that someone or someones from Africa has/have been running investment schemes for some time, with BTC Global Team merely the latest iteration.

I’m also going to point out that another BTC Global launched earlier this year.

That BTC Global was a bitcoin gifting scheme that primarily targeted Nigerians. It has since collapsed.

Whether BTC Global and BTC Global Team are related is unclear. That both are tied to Africa however is likely not a coincidence.

The BTC Global Team website domain was privately registered on August 11th, 2017 – roughly the same time the Steven Twain Facebook profile was created.

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…]

Although iMarketsLive has made efforts to address a potential lack of retail sales, unregistered securities is still an ongoing compliance issue.

Last month Colombia issued an illegal investment warning against the company, with the Central Bank of  Curaçao en Sint Maarten this month following suit. [Continue reading…]

Earlier this year Chris Principe sued Timothy Curry for losses in excess of $75,000.

In his lawsuit Principe alleges Tayshun publicly blasting him for his involvement in the OneCoin Ponzi scheme resulted in damages to his reputation.

Dating back to a dubious Feb 2016 Financial IT cover featuring OneCoin founder Ruja Ignatova, Principe’s involvement in the promotion of OneCoin has been well documented.

Principe’s complaint details damages to his reputation as a result of his alleged involvement with OneCoin.

Ironically Skyway Capital, the company Principe claims he lost a PR deal with, is also a Ponzi scheme.

Principe’s lawsuit was filed in May this year and has been playing out in court.

A few weeks ago a tentative October, 2018 trial date was penciled in. The next court appearance in the case is scheduled for December 1st next month.

While it seems unlikely Principe will take the case to trial (yes, the details of the lawsuit are as mindbogglingly asinine as they sound), Curry nonetheless has to meet legal and financial burdens defending a lawsuit carries.

As part of his defense, Curry is asking victims of OneCoin, or anyone with information/experience directly related to the fraudulent nature of the business, to pen a declaration letter. [Continue reading…]