Aurum Foundation has received a caution from New Zealand’s Financial Markets Authority (FMA).

As per FMA’s May 14th Aurum Foundation caution; [Continue reading…]

YepBit, aka YepBit Exchange, fails to provide ownership or executive information on any of its websites.

YepBit operates from multiple website domains, some of which are listed below:

1. yepbit.net (already flagged for fraud) – privately registered June 28th, 2024
2. yepbit.com (already abandoned) – first registered in 2017, private registration last updated January 23rd, 2026
3. yepbit6.com (redirects to “yepbee.com”) – first registered in 2024, private registration last updated March 9th, 2026
4. yepbee.com – privately registered December 11th, 2025

If we pull up the source-code of one of YepBit’s websites, we can see it pulls data from Alibaba Cloud (Aliyun).

This suggests whoever is running YepBit has ties to China.

YepBit has already attracted the attention of financial regulators. The Philippine SEC issued a YepBit securities fraud warning on January 26th, 2026.

The SEC issued a formal cease and desist order against YepBit on February 4th, 2026.

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…]

MLM Ponzi promoter Gagan Sarkaria has issued a cease and desist containing legal threats.

In response to coverage featuring Sakaria, Danny de Hek was a cease and desist notice on May 13th, 2026. [Continue reading…]

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

Smarts initially launched in early 2025 on the domain “smarts.money”, privately registered on January 18th, 2025.

The first iteration of Smarts collapsed in late 2025 and was rebooted on the domain “xmev.io”, privately registered on October 9th, 2025.

The second iteration of Smarts lasted just over a month. Smarts was rebooted for a third time on the domain “xmev.ai”, privately registered on November 26th, 2025.

In offsite marketing, Smarts cites “Prakash Mehra” as its founder.

Born in India, educated in the UK, and now based in Taiwan while traveling the world, Prakash Mehra brings a truly global perspective to blockchain innovation.

As the founder of SMARTS, he has transformed vision into reality—building a decentralized platform powered by cutting-edge technology.

Mehra doesn’t exist outside of a purchased Twitter profile and Smarts marketing videos. The actor playing Mehra has a thick Indian accent.

As to who’s actually running Smarts, if we look at its website source-code we find Chinese:

Smarts’ official FaceBook page is being operated from Malaysia:

It appears Smarts is being run by Chinese scammers operating out of Malaysia.

As of April 2026, SimilarWeb was tracking ~21,200 monthly Smarts website visits.

Over the same period the majority of Smarts website traffic originated from Sweden (59%), Norway (30%) and Korea (8%).

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 Quantro Network Ponzi scheme has collapsed.

On April 30th, Quantro Network advised investors of “missing bonuses” and “withdrawal visibility” issues. Two weeks later and, under the guise of a backlog, Quantro Network withdrawals remain disabled. [Continue reading…]

HQI Exchange has received a fraud warning from Washington’s Department of Financial Institutions (DFPI).

As per DFPI’s May 15th HQI Exchange warning; [Continue reading…]

Convicted OneCoin money launderer Mark Scott has been disbarred in Florida. [Continue reading…]

Scammers behind the Comity MLM crypto Ponzi have been arrested in Estonia.

Martin Mander (Мартина Мандера), Sulev Kohjus (Сулева Кохьюса) and Kustas Kirsipuu (Кустаса Кирсипуу) were arrested back in late March.

[Continue reading…]

Olena Oblamska, a Ukrainian national who also goes by Lola Ferrari, was arrested in Thailand on an unknown date.

Oblamska was extradited to the US on May 8th and, pursuant to an outstanding warrant, was arrested by US authorities on May 11th. [Continue reading…]

HQI Exchange, aka HQIEX, fails to provide ownership or executive information on any of its website domains.

At time of publication HQI Exchange operates from twenty-nine known website domains;

1. hqiex.com – privately registered March 13th, 2026
2. hqi2.com – privately registered March 13th, 2026
3. hqi3.com – privately registered March 13th, 2026
4. hqi5.com – privately registered March 13th, 2026
5. hqi6.com (app hosting, root domain disabled) – privately registered March 13th, 2026
6. hqi7.com – privately registered March 13th, 2026
7. hqi9.com – privately registered March 13th, 2026
8. hqi10.com – privately registered March 13th, 2026
9. hqi11.com – privately registered March 13th, 2026
10. hqi12.com – privately registered March 13th, 2026
11. hqi15.com – privately registered May 3rd, 2026
12. hqi16.com – privately registered May 3rd, 2026
13. hqi17.com – privately registered May 3rd, 2026
14. hqi18.com – privately registered May 3rd, 2026
15. hqi19.com – privately registered May 3rd, 2026
16. hqi20.com – privately registered May 3rd, 2026
17. hqi21.com – privately registered May 3rd, 2026
18. hqi22.com – privately registered May 3rd, 2026
19. hqi23.com –  privately registered May 3rd, 2026
20. hqi25.com – privately registered May 3rd, 2026
21. hqi26.com – privately registered May 3rd, 2026
22. hqi27.com – privately registered May 3rd, 2026
23. hqi28.com – privately registered May 3rd, 2026
24. hqi30.com – privately registered May 3rd, 2026
25. hqi31.com – privately registered May 3rd, 2026
26. hqi35.com – privately registered May 3rd, 2026
27. hqi36.com – privately registered May 3rd, 2026
28. hqi37.com – privately registered May 3rd, 2026
29. hqi38.com – privately registered May 3rd, 2026

Note due to the algorithmic naming of HQI Exchange’s domains, there are likely additional domains not listed above.

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…]