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

The Diamond Reserve website domain (“diamondreserve.net”) was registered on December 12th, 2017.

Keaton Brooks is listed as the owner, through a residential address in London, UK.

Brooks is also listed as the sole Director of Diamond Reserve Group Limited, a UK company incorporated on November 28th, 2017.

No information on Keaton Brooks in connection with Diamond Reserve exists outside of the domain registration and UK incorporation.

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

It is far more likely that whoever is running Diamond Reserve is of Russian nationality and based out of Europe.

This is supported by the first Diamond Reserve marketing video being narrated in Russian, Russian and English the only provided website languages, as well as Alexa pegging Russia as the top source of traffic to the Diamond Reserve website (23%).

Keaton Brooks, as represented by Diamond Reserve, is assumed not to be an actual person.

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…]

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

The FutureCash website domain (“futurecash.io”) was privately registered on December 2nd, 2017.

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…]

Y’all know those collapsing ICO lending Ponzi schemes that have pretty much dominated the MLM underbelly of late?

Yeah, those scams that tons of people have lost money in. Well, turns out the problem isn’t they’re all just Ponzi schemes, rather it’s just a branding issue.

Leading the pack with a new generation of the ICO lending Ponzi model is ThornCoin, and you’re not going to believe what they’ve come up with. [Continue reading…]

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

The EtherLend website domain (“etherlend.org”) was privately registered on November 25th, 2017.

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…]

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

The Ryna Holdings website domain (“ryna.holdings”) was privately registered on August 21st, 2017.

Provided on the Ryna Holdings website is a UK incorporation for Ryna Holdings Group Limited.

Ryna Holdings Group Limited was incorporated in the UK on October 2nd, 2017.

The address used to incorporate the company is a block of apartments in London.

Sonia Turkovic is listed as the sole Director of Ryna Holdings Group Limited, via the same London address.

No information outside of the Ryna Holdings Group Limited incorporation ties Turkovic to the company.

Whether Turkovic actually exists or not is unclear.

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…]

We’re still yet to see anything official from authorities, but in the meantime another BitConnect class-action suit has been filed in Florida. [Continue reading…]

Bit Cash Mine operate in the MLM cryptocurrency niche and are purportedly based out of Guadalajara, Mexico.

I say purportedly because, while an address in Guadaljara is provided on the Bit Cash Mine website, it doesn’t appear to be complete.

Cited as CEO of Bit Cash Mine on its website is Jhon Romero (full name: Jhon Jhaider Romero Montoya).

On his personal website Romero (right) bills himself as a “neuro emotional coach”.

According to his Facebook profile, Romero is based out of Pereira, Colombia. This appears to actually be where Bit Cash Mine is operated from as opposed to Mexico.

As far as I can tell, Bit Cash Mine is Romero’s first MLM venture.

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

Vortex Profits operate in the financial MLM niche.

The company claims to be headed up by CEO Griffin Wrights.

Other than generalities provided on the Vortex Profits website, there is no information available on Wrights.

This raises the question of whether he actually exists.

In an attempt to feign legitimacy, Vortex Profits provide an Irish incorporation number on their website.

The number corresponds with Vortex Profits Limited, which was incorporated on September 15th, 2017.

The address used to incorporate Vortex Profits Limited belongs to Company Formations International, who provide incorporation services for Ireland on their website.

Thus it appears Vortex Profits exists in Ireland in name only. And given this, it’s safe to assume “Griffin Wrights” is a work of fiction.

This is supported by the presence of badly photoshopped stock images used to represent Wrights and Vortex Profits’ purported office in Ireland:

Through ELA, the image above demonstrates the high probability of manipulation of stock photos to include Vortex Profits logo.

Griffin Wrights himself is represented by a generic looking old white guy in a suit image.

It is far more likely whoever is running Vortex Profits is based out of Africa.

Alexa currently estimate the top four sources of traffic to the Vortex Profits website are Botswana (21%), Tanzania (20%), Nigeria (10%) and Ghana (10%).

The Vortex Profits website domain (“vortexprofits.com”) was registered on August 8th, 2017.

Griffin Wrights is listed as the owner, through an address in Dublin, Ireland.

Further research reveals this address actually belongs to Company Formations International, who provide company formation services in Ireland.

In line with Griffin Wrights likely not existing, it seems Vortex Profits exists in Ireland in name only.

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…]

Cleber Rene Rizerio Rocha, better known as the TelexFree mattress money mule, was busted earlier this year trying to launder $20 million in stolen Ponzi funds.

Following a guilty plea in October, Rocha was scheduled to be sentenced on December 20th.

The sentencing was delayed, following Rocha’s comical attempt to credit himself with the recovery of the $19.2 million in stolen TelexFree investors funds he was caught with.

Following a rescheduled sentencing hearing that took place yesterday, Rocha was sentenced to 33 months in prison. [Continue reading…]

Following on from a FTC complaint filed under seal against Digital Altitude and Michael Force on January 29th, a requested Temporary Restraining Order was granted on February 1st. [Continue reading…]