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

QTCPCoin’s website domain (“qtcpcoin.com”), was privately registered on June 21st, 2024.

QTCPCoin falsely represents it is based out of the US and has registered with several financial regulators.

QTCPCoin, a leading global digital currency trading platform, which has obtained dual MSB licenses from the United States and Canada, as well as regulatory licenses from the U.S., NFA and SEC, is currently applying for regulatory certification from the UK Financial Conduct Authority (FCA).

None of these claims are true. In fact the FCA issued a QTCPCoin fraud warning on November 20th, 2024.

If we look at QTCPCoin’s website source-code we find Chinese:

This suggests whoever is running QTCPCoin has ties to China.

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…]

Jeunesse co-founder Ogale Erandal Ray, aka Randy Ray, has filed a lawsuit alleging tens of millions of dollars in theft.

Ogale’s sixty-one page lawsuit was filed in Seminole County, Florida on October 1st, 2024.

The thirty-seven named defendants in Ray’s suit are: [Continue reading…]

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

Mark AI Quantity’s website domain (“markaiquantity.com”, was privately registered on November 7th, 2024.

If we look at Mark AI Quantity’s website source-code, we find Chinese:

This suggests whoever is running Mark AI Quantity has ties to China.

Mark AI Quantity has already attracted the attention of financial regulators. The Central Bank of Russia issued a Mark AI Quantity pyramid fraud warning on November 13th, 2024.

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…]

StableDAO board member Nicholas Hofgren, aka Nick Hofgren, has been banned from holding executive positions in Guernsey.

Specifically and for a period of fourteen years, in November 2022 the Guernsey Financial Services Commission prohibited Hofgren [Continue reading…]

The CFTC has been given permission to serve several The Traders Domain defendants via alternate service. [Continue reading…]

Vibra VIP fails to provide ownership or executive information on its website.

Vibra VIP’s website domain (“top.vibra-vip.net”), was registered with bogus details on November 3rd, 2024.

Vibra VIP has already attracted the attention of financial regulators. The Central Bank of Russia issued a Vibra VIP pyramid fraud warning on November 13th, 2024.

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…]

Eaconomy has received a securities fraud warning from the Czech National Bank (CNB).

As per the CNB’s November 11th, 2024 warning; [Continue reading…]

Eaconomy has received a securities fraud warning from the UK’s Financial Conduct Authority (FCA).

As per the FCA’s November 25th, 2024 warning; [Continue reading…]

Automatic Passive Income, or API for short, fails to provide ownership or executive information on its website.

API’s website domain (“apibusiness.online”), was privately registered on January 22nd, 2023.

Of note is API’s website featuring an “imprint” section. This is mandatory for German-speaking countries.

This ties to API offering its website in English and German. API’s official FaceBook page is also managed from Switzerland:

Curiously, clicking through API’s website “imprint” link takes us to the domain “sparissimo.com”.

Bardhyl Salijaj (right) is listed as the “authorized representative” of Sparissimo’s website. Seeing as API’s website links here, presumably Salijaj represents it too.

Launched in late 2022, Sparissimo appears to be a failed ecommerce website. As of October 2024, Sparissimo’s website traffic was too low for SimilarWeb to track.

Matching API’s FaceBook page, on LinkedIn Bardhyl Salijaj represents he is based out of Switzerland.

API might also have ties to Dubai;

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.

BehindMLM’s guidelines for Dubai are:

1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
2. If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

If you want to know specifically how this applies to Automatic Passive Income, read on for a full review. [Continue reading…]

Serial fraudster Kari Wahlroos has died in Malaysia.

Wahlroos is reported to have died from streptococcus on November 24th, 2024. A leg amputation was performed but wasn’t enough.

In the lead up to Wahlroos death (early November), I also received an unconfirmed report he had diabetes, heart problems and “something very wrong with his stomach”. [Continue reading…]