Asset Profit Edge Market fails to provide verifiable ownership or executive information on its website.

While Asset Profit Edge Market does provide a list of executives on its website…

…these are stolen identities that have nothing to do with the company. One can verify this through a few simple Google searches.

Asset Profit Edge Market’s website domain (“asset.profitedgemarket.com”), was privately registered on September 6th, 2024.

In an attempt to appear legitimate, Asset Profit Edge Market provides a poorly doctored UK shell company certificate on its website.

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 a bid to shirk legal responsibility for running a $29 million gifting scheme, Marlon and LaShonda Moore have had a sovereign citizen meltdown.

The court isn’t buying it, their attorneys have bailed and LaShonda and Marlon have been arrested again. [Continue reading…]

Twelve years ago Michael Deese launched the MyAdvertisingPays Ponzi scheme.

MyAdvertisingPays, or MAPS as it was called, is believed to have defrauded US and Europe residents out of tens of millions of dollars.

By late 2015 MyAdvertisingPays was on the verge of collapse. The Ponzi limped along throughout 2016, with withdrawals halting in early September.

Post collapse, Malta issued a MAPS fraud warning in November 2016.

As part of MAPS’ exit-scam ruse, Deese (right) claimed investor funds had been frozen.

To that end in December 2016, Deese filed suit against VX Gateway alleging theft of $60 million.

Deese’s lawsuit cited the owners of VX Gateway as Celia Dunlop and Timothy Mackay, then alleged Texas residents. [Continue reading…]

Simo Power fails to provide ownership or executive information on its website.

Simo Power’s website domain (“simopower.com”), was privately registered on March 22nd, 2025.

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…]

Mosca fails to provide ownership or executive information on its website.

Mosca’s website domain (“moscaworld.com”), was privately registered on November 3rd, 2024.

Further research reveals four Mosca ringleaders; Greg Baldwin (founder and CEO), Spencer Iverson, Jonathan Green and Derek Brown.

Baldwin appears to be a random crypto bro from Ohio. This corresponds with a rented office suite address in Ohio provided on Mosca’s website.

Baldwin not having a publicly verifiable MLM history is a minor red flag.

Spencer Iverson and Jonathan Green are long-time business partners. Along with Derek Brown, they’re promoting Mosca through “FortuneHub”.

BehindMLM last came across Iverson and Green as co-founders of TRVL in 2021.

TRVL was a typical discounted travel MLM pyramid scheme. Having failed to gain traction, TRVL was sold off to DreamTrips International within a year of launching.

Of note is recent promotion of E1ULife through FortuneHub.

E1ULife is an MLM crypto pyramid turned gifting cycler fronted by David Golden, son of convicted fraudster Dwayne Golden.

Why FortuneHub promoting illegal MLM crypto schemes is noteworthy will become apparent as we get into Mosca’s business model.

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…]

Both the GSB and Apertum Texas fraud hearings have been delayed.

Following a scheduling notice filed last week, the Texas State Securities Board was set to face off against Apertum and owner Josip Heit on Tuesday April 8th.

The hearing was rescheduled sometime yesterday for  May 27th and 28th. At time of publication I don’t have a reason for the delay. [Continue reading…]

Kristijan Krstic has pled guilty to conspiracy to commit wire fraud and securities fraud.

Krstic’s plea agreement was filed in Texas on April 1st. As per the filing, Krstic is facing up to twenty years on both counts and fines of up to $5.25 million. [Continue reading…]

AI Quant fails to provide ownership or executive information on its website.

AI Quant operates from two known website domains; “aitrx.net” and “aitrx.cc”. Both of AI Quant’s website domain were privately registered on January 20th, 2025.

AI Quant has already attracted the attention of financial regulators. Quebec’s Autorite des Marches Financiers issued an AI Quant pyramid fraud warning on April 4th, 2025.

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…]

The Sybbex Ponzi scheme has collapsed.

Sometime in the last 24 hours Sybbex’s website has been disabled. Most of Sybbex’s social media accounts have also been deleted.

Sybbex’s official FaceBook page hasn’t been deleted yet but was abandoned on April 4th. [Continue reading…]

iN8’s origins are in the fraudulent investment scheme run by iX Global and Debt Box.

Amid a then ongoing SEC fraud case, iX Global founder and CEO Joe Martinez launched iN8 as an NFT Ponzi grift.

That lasted roughly two months, with iN8’s first iteration collapsing in March 2024.

Martinez (right) launched iX Global back in 2021. iX Global’s first iteration was a trading bot investment scheme paired with an education platform pseudo-compliance ruse.

With the exception of India, iX Global’s trading scheme flopped. This prompted Martinez to migrate to crypto fraud in partnership with Debt Box.

iX Global and Debt Box solicited “x-node” investment from consumers on the promise of passive returns.

Neither iX Global or Debt Box were registered to offer securities in the US. This prompted the SEC to file a $49 million fraud lawsuit in August 2023.

During the course of proceedings, estimated iX Global and Debt Box fraud would climb to $110 million.

Parallel proceedings in India resulted in multiple arrests. Martinez has arrest warrants out on him in connection to two Indian iX Global criminal cases. He remains a wanted fugitive.

Unfortunately for iX Global and Debt Box victims, SEC attorneys handling the case got some dates wrong and failed to inform the court.

This was brought to the court’s attention by Debt Box’s attorneys, ultimately resulting in the SEC being sanctioned and the case dismissed.

The underlying $110 million in fraud alleged by the SEC remains unresolved. The case was dismissed without prejudice, allowing the regulator to file a new complaint at some point.

In the meantime Debt Box and iX Global were free to continue defrauding consumers. Last we heard, Debt Box’s founders initiated a $400 million exit-scam and fled to Dubai.

Martinez, upon receiving confirmation the SEC was “reinvestigating” the case, collapsed what was left of iX Global.

That was June 2024 and with the iN8 NFT grift collapsing in March 2024, should have been the end of Martinez’s fraud pending the SEC refiling their case.

Not so.

In addition to Martinez, iN8 is run by:

• Misty Martinez – COO
• Jared Robert – CTO
• Livia Fisher-Kane – CSO
• Robert Lamb – Head of Legal

Today iN8 operates from four known website domains:

1. in8.com (dao.in8.com and wms.in8.com) – private registration last updated on December 21st, 2024
2. in8tech.com – private registration last updated on December 12th, 2024
3. in8nfts.com – private registration last updated on December 11th, 2024
4. projectin8.com – privately registered through a Utah address on June 25th, 2024

As tracked by SimilarWeb;

• dao.in8.com received ~3000 monthly visits for February 2025, 100% of which originated from the US
• in8tech.com website traffic too low to estimate
• in8nfts.com received ~402 monthly visits for February 2025, 100% of which originated from the US
• projectin8.com website traffic too low to estimate

Read on for a full review of iN8’s MLM opportunity. [Continue reading…]