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

The Mazebits website domain (“mazebits.co”) was privately registered on January 25th, 2018.

Further research reveals Mazebits marketing material citing the company as a “rebranding” of the Bitfinite ICO lending Ponzi scheme.

This is supported by content on official Mazebits social media profiles, detailing a conversion of Bitfinite BFC points into Mazebits MZBC points.

Hoping to follow in BitConnect’s footsteps, Bitfinite launched as an ICO lending Ponzi clone in late 2017.

Bitfinite went on to collapse in early 2018. Like every ICO lending Ponzi scheme, Bitfinite’s anonymous owners made off with the majority of invested funds.

This resulted in widespread losses among Bitfinite investors.

Mazebits is a continuation of the scheme run by the same anonymous admins.

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

The Bank of Malaysia has charged MBI International Ponzi boss Teddy Teow with two counts of financial fraud. [Continue reading…]

Avalon Life started out in 2016 as an AVLX altcoin investment scheme.

AVLX didn’t go anywhere and was abandoned about a month after launch.

In mid 2017 Avalon Life rebooted as a Dash mining opportunity.

A few months later Dash was abandoned in favor of mining Pura Vida Coin.

By all appearances, Pura Vida Coin appeared to be Avalon Life’s second attempt to launch an altcoin.

By late 2017 Avalon Life appears to have quietly abandoned Pure Vida Coin.

Marketing material for a “Bitsurge token” first appeared on Avalon Life’s YouTube channel on December 11th, 2017.

This appears to coincide with CEO Tom Koller being replaced by Thomas Graf.

Avalon Life also switched its website domain to an .io variant, on which Graf is credited as the company’s founder and CEO. [Continue reading…]

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

The Westland Storage website domain (“westlandstorage.com”) was first registered in 2005.

The registration was last updated on May 9th, 2018 but provides no information about the domain’s owners.

A visit to the Wayback Machine confirms the current version of the Westland Storage website went live on or around April 27th, 2018.

Prior to that the Westland Storage domain redirected to an unrelated storage business in Michigan.

This coincides with Alexa reporting an uptick in traffic to the Westland Storage domain from early May.

Despite existing for less than a month, on its website Westland Storage claims to have generated $33.5 million in annual profit for over 8000 investors.

In an attempt to feign legitimacy, Westland Storage provides an incorporation certificate for “Westland Storage LTD”.

Westland Storage LTD was incorporated in the UK on February 1st, 2018.

UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.

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…]

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

The Bitworld Center website domain (“bitworldcenter.company”) was privately registered on April 2nd, 2018.

Further research reveals multiple affiliates claiming Bitworld Center is a “Brazilian company” operated by Macio Silver.

Possibly due to language barriers, I was unable to find anything further on Silver.

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…]

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

The CryptoRound website domain (“cryptoround.biz”) was privately registered on May 20th, 2018.

CryptoRound provide a bogus UK incorporation certificate for “CryptoRound Investment Pvt. Ltd.” on their website.

Legitimate UK incorporation certificates are bad enough. Fake UK incorporation certificates all but confirm the fraudulent nature of an MLM business.

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…]

DD Futures provide no information on their website about who owns or runs the company.

The DD Futures website domain (“ddfutures.com”) was first registered in 2016.

The registration was recently updated on February 14th, 2018, suggesting this is when the current anonymous owners took possession of it.

This corresponds with an uptick of traffic to the DD Futures website.

A visit to the Wayback Machine confirms the current incarnation of the DD Futures website went live sometime in February.

Despite this, DD Futures fraudulently claim the company has been running for 515 days (as of May 28th, 2018).

DD Futures provide a UK incorporation certificate for “DDFutures Trading Limited” on their website.

DDFutures Trading Limited was incorporated on December 22nd, 2017.

UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.

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…]

In response to South Africa’s Hawks investigating links between Bitcaw Trading and BTC Global Team, the company’s lawyers have threatened to sue the Directorate for Priority Crime Investigation (DPCI). [Continue reading…]

We’ve been covering the Chinese investigation into OneCoin since April, 2016.

Owing to Ruja Ignatova’s roots with BigCoin, a similar Ponzi points scheme that primarily targeted Asia, China initially emerged as a primary source of OneCoin investment.

Along with all but a few third-world countries, investor recruitment in China died early last year after OneCoin suspended ROI payments.

Last week Chinese regulatory action against OneCoin and its promoters concluded, following prosecution of the remaining four suspects. [Continue reading…]

The Travel Party is the third reboot of the twice failed iTravel Party scheme.

iTravel Party first surfaced in 2015 and is owned and operated by CEO Daniel Butts.

Butts first appeared on BehindMLM as the co-founder of Rocket Cash Cycler, a Ponzi scheme launched in 2013.

Rocket Cash Cycler saw investors deposit $315 and get paid a $5300 ROI once enough subsequent positions had been invested in.

Prior to RocketCashCycler Butts launched EZ Wealth Formula, which saw affiliates charged $84 to join and paid to recruit new affiliates.

Read on for a full review of The Travel Party MLM opportunity. [Continue reading…]