The Eagle Gates Group Ponzi scheme was best known for its hilarious marketing strategies.

This included claims Eagle Gates Group had $8 billion dollars of “revenue-generating investments” and had a three-year $603 million dollar trading record.

Oh, and who could forget the hilarious CNN spoof interview featuring the fictional “Eddy McClough”:

After launching about a year ago in late 2016, Eagle Gates Group collapsed in April, 2017.

In May Eagle Gates Group tried to relaunch as Sener Trader, only to collapse again a few months later in July.

Turns out both scams were being run from Thailand, by two Thai nationals and eight foreigners. [Continue reading…]

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

The ExaCoin website domain (“exacoin.co”) was privately registered on October 23rd, 2017.

At the time of publication Alexa estimate that Vietnam is the largest source of traffic to the ExaCoin website (27%).

This suggests that whoever is running ExaCoin is likely based out of Vietnam.

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…]

V-One provide no information on their website about who owns or runs the business.

The V-One website domain (“v-one.io”) was privately registered on October 30th, 2017.

The official V-One Facebook group was created by Lucas Santino on November 30th.

Santino appears to be running the show and refers to V-One in the possessive.

Like to give you all a peak at my coding behind the scene! still working on internal exchanger  🙂 wont take long to complete.

No information on Lucas Santino outside of the V-One Facebook group is available, raising the question of whether he actually exists.

The Lucas Santino Facebook account itself appears to be bogus, having only been created on November 26th.

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…]

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

The Mass Cryp website domain (“masscryp.com”) was privately registered on August 27th, 2017.

Why they’re not identified on the main Mass Cryp website I have no idea, but a Mass Cryp token website identifies Pijush Sarkar (CEO), Saurabh Singh (CFO) and Shashank Mishra (COO) as co-founders of the company.

According to their respective Mass Cryp corporate bios, Pijush Sarkar is

an Entrepreneur, Blockchain and Cryptocurrency awareness trainer.

he has extensive experience in building businesses and investing in crypto currencies.

12 years of experience in business development and designing business road maps for different companies.

Saurabh Singh is ‘an Entrepreneur, Cryptocurrency mining awareness trainer with 8+ years experience in IT sector‘.

Shashank Mishra is

an Entrepreneur with 8+ years in administration management in different sectors.

He has extensive experience in investing in property and Real estate business.

Attempts to verify the provided history or any of Mass Crypt’s co-founders turned up nothing. I’m flagging this as highly suspicious.

Alexa traffic estimates for both the Mass Cryp main and token websites reveal India is the top source of traffic (73% and 35% respectively).

This strongly suggests and Mass Cryp is being operated out of India itself.

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…]

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

The Relicoin Bid website domain (“realcoinearn.online”) was registered on December 9th, 2017.

Raghav Singh is listed as the owner, through an incomplete address in Madhya Pradesh, India.

I wasn’t able to find any information on Singh specific to Relicoin Bid. Whether he actually exists or not is unclear.

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 an alleged three million plus investors unable to withdraw the purported internal value of their OneCoin points, life is good for those at the top.

Along with Sebastian Greenwood, Juha Parhiala holds the top investor position(s) in the OneCoin Ponzi scheme.

Up until about six months ago, Parhiala boasted being the number one MLM top earner in the world on Ted Nuyten’s Business For Home.

In what was likely an attempt to reduce regulatory heat, Parhiala changed the name of his position on the list to “World Wide Solution”.

Today Parhiala has been eclipsed by fellow OneCoin scammer Igor Alberts, however Business For Home still cites him as earning an estimated $24 million dollars annually.

After stepping away from OneCoin earlier this year, purportedly due to health reasons, Parhiala has now emerged as the new owner of a bar in Cambodia. [Continue reading…]

After holding out for three and a half years, Randy Crosby has finally entered into negotiations with the SEC.

The SEC have identified Crosby as “one of the most successful promoters of TelexFree”.

In response to the granting of a preliminary injunction that froze his assets, Crosby claimed he knew nothing of TelexFree being a $3 billion dollar Ponzi scheme.

The news of settlement negotiations is a notable departure from Crosby’s defense. [Continue reading…]

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

The Osmium Center website domain (“osmium.center”) was privately registered on November 17th, 2017.

There is an official Osmium Center Facebook group, created by David Mandison on December 10th.

The David Mandison Facebook profile appears to be fake. The profile was created on December 10th and features a profile photo of Ukranian lawyer Sergei Pokrovsky:

In an attempt to feign legitimacy, Osmium Center have incorporated themselves in the UK as Osmium LTD on November 21st.

The non-existent David Mandison is listed as Osmium LTD’s sole Director.

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

When I first visited the Osmium Center website, I was hit with a strong sense of deja vu:

The Osmium Center website source-code differs to that of the Laser Online and Receiving Online Ponzi schemes, but the design is otherwise mostly the same.

Pokrovsky being a Ukranian lawyer is also unlikely to be a coincidence, with those running Laser Online having ties to the Ukraine.

Either Osmium Center is a desperate attempt to resurrect Laser Online by the same group of scammers, or someone playing funny buggers with misdirection.

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…]

Hit Coin Trade provide no information on their website about who owns or runs the business.

The Hit Coin Trade website domain (“hitcoin.trade”) was privately registered on November 21st, 2017.

Hit Coin Trade claims to be a “European trading company based in the United Kingdom.”

This is supported by a UK incorporation of Hit Coin Trade Limited.

Hit Coin Trade Limited was incorporated in the UK on December 1st, through a residential address in London.

Ellis Davidson is listed as the sole Director of the company. No information about Ellis outside of the Hit Coin Trade Limited incorporation exists, casting doubt on whether this person exists.

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

Whoever is actually running Hit Coin Trade is likely Russian and/or based out of Russia.

Supporting this is the Hit Coin Trade website defaulting to Russian and native use of rubles. Russian Hit Coin Trade social media profiles and a Telegram chat group are additionally provided.

Alexa also identify Russia as the largest source of traffic to the Hit Coin Trade website (36%).

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…]

On November 29th the Traffic Monsoon Receiver filed her Third Stats Report.

In it the Receiver revealed over $4.3 million has been recovered from Allied Wallet. [Continue reading…]