The FBI is seeking information from USI-Tech Ponzi victims.

A questionnaire published on the FBI’s website “is seeking to identify potential victims of USI-Tech”. [Continue reading…]

An investigation by Oklahoma’s Department of Securities resulted in a recommendation Family First Life be issued with a cease and desist. [Continue reading…]

iPhone Mall fails to provide ownership or executive information on its website.

iPhone Mall’s website domain (“iphonemall.vip”), was registered with bogus details on August 3rd, 2024.

iPhone Mall has already attracted the attention of financial regulators. The Central Bank of Russia issued an iPhone Mall pyramid fraud warning on August 21st, 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…]

Candao operates in the cryptocurrency MLM niche.

The company names two executives on its website; co-founders Pawel Barylski and Robert Wesker.

Pawel Barylski and Robert Wesker both appear to be a random crypto bros from Poland.

Barylski doesn’t appear to have achieved anything significant, which presents itself as a red flag.

Wesker markets himself as a co-creator of Grono, a Polish social media network.

Outside of his own marketing, I couldn’t independently verify Wesker’s “co-creator” claim. Grono launched in 2004 and collapsed in 2012.

Candao’s website domain (“candao.io”), was first registered in 2021. The private registration was last updated on November 9th, 2023.

The MLM side of Candao is run through OnChain Network, set up separately on the domain “onchainnetwork.io”). OnChain Network’s website domain was privately registered on March 26th, 2024.

Of note is Candao providing a Dubai address for “Candao Information Technology LLC” in the footer of its website.

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 Candao, read on for a full review. [Continue reading…]

Bavarsis has received a securities fraud warning from Australia.

As per the Australian Securities and Investment Commission’s August 22nd warning, Bavarsis [Continue reading…]

Auratus Gold has received a securities fraud warning from Australia.

As per the Australian Securities and Investment Commission’s August 22nd warning, Auratus Gold [Continue reading…]

BigWhale is the fifth spinoff of the Mavie Global Ponzi scheme.

BigWhale sees Mavie Global come up with a “crypto launchpad” ruse.

[Continue reading…]

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

MetaPlatforms’ website domain (“meta5218.com”), was registered with bogus details on August 2nd, 2024.

Of note is MetaPlatforms’ website domain being registered through the Chinese registrar Alibaba (Singapore).

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…]

Aladdin doesn’t have a website. It runs as a bot on Telegram:

Telegram is a messaging platform synonymous with fraud.

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…]

Aqua Marine Club, aka AMC Global, has collapsed.

Withdrawals have been disabled and in an update sent out on August 20th, Binance is being blamed.

Rather than just admit AMC Global collapsed, the scammers behind the Ponzi scheme claim their [Continue reading…]