A NovaTech FX investor has filed a RICO class-action in the Southern District of New York. [Continue reading…]

GSPartners has received a fraud warning from New Zealand.

As per the Financial Markets Authority’s February 7th warning, the regulator [Continue reading…]

Athene Network fails to provide ownership or executive information on its website.

Athene Network’s website domain (“athene.network”), was privately registered on July 5th, 2023. Athene Network launched five months later in December.

Despite only existing for a few months, on its website Athene Network falsely backdates its roadmap to 2021.

As of December 2023, SimilarWeb tracked top sources of traffic to Athene Network’s website as Indonesia (18%), the US (15%), Benin (14%), India (14%) and Canada (7%).

Over on Athene Network’s official YouTube channel, we have AI avatar robodubbed marketing videos.

MLM companies using AI avatars is typical of low-effort scams.

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…]

OmegaPro.IN has received a securities fraud warning from Spain.

As per the Comision Nacional del Mercado de Valores’ February 5th warning, OmegaPro.IN [Continue reading…]

Paid Per Letter fails to provide ownership or executive information on its website.

Paid Per Letter operates from at least three known website domains:

1. paidperletter.com – privately registered on December 13th, 2023
2. paidperletters.com – privately registered on December 14th, 2023
3. getpaidperletter.com – privately registered on December 27th, 2023

Further research reveals Dustin Mansell citing himself as Paid Per Letter’s CEO.

Dustin Mansell is a Nevada resident and serial promoter of fraudulent MLM opportunities.

Mansell first appeared on BehindMLM’s radar in late 2022, as owner of Matrix Empire.

Matrix Empire was a pyramid scheme that fed into other pyramid schemes Mansell was promoting at the time.

We came across Mansell again in early 2023, this time as owner of Text ALN. Text ALN is another collapsed MLM pyramid scheme.

Instead of fronting Paid Per Letter and disclosing his involvement, Mansell hides behind AI robodubbed marketing videos.

Paid Per Letter’s website also contains testimonials from fictitious people represented by AI-generated profile photos.

Someone else to note in the marketing video screenshot above is “inventor Lisa Kryml”.

On FaceBook Kryml cites herself as a California resident and owner and CEO of Paid Per Letter.

Not sure how both Kryml and Mansell can be Paid Per Letter CEOs but sure.

As far as I can tell Kryml doesn’t have a verifiable MLM history. She seems to be behind Paid Per Letter’s bundled course.

Finally if we look in Paid Per Letter’s website source-code, we find a reference to Web Marketing Tool.

On its website Web Marketing Tool sells membership websites for $275 and then $25 a month.

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…]

TranzactCard DBOs who were duped into paying $495 are being denied refunds.

As part of TranzactCard rebooting as FinMore, DBOs were told they’d be entitled to refunds. This claim has been publicly parroted by promoters of the scheme.

While TranzactCard DBO refunds are available in some instances, unfortunately there’s a major catch. [Continue reading…]

PartyLite has announced it is “transitioning” away from its MLM model.

In its place PartyLite will sell directly to consumers, cutting their MLM distributors off from downline commissions. [Continue reading…]

Despite denials by distributors, evidence suggests FinMore is literally a copy and paste reboot of TranzactCard. [Continue reading…]

Artmind Trade fails to provide ownership or executive information on its website.

Artmind Trade’s website domain (“artmind.trade”), was registered in November 2022. The private registration was last updated on May 14th, 2023.

Artmind Trade’s official FaceBook group was created in February 2023. The company’s official Telegram group however was only created in December 2023.

On December 19th, 2023, Artmind Trade announced a pre-launch of products:

This suggests that Artmind Trade has already collapsed and been rebooted at least once.

In an attempt to appear legitimate, Artmind Trade represents it is registered as a shell company in Canada. A corporate address in Ontario is also provided.

The address corresponds to a company offering rentable office space.

It is unlikely Artmind Trade is based out of or has anything to do with Canada.

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…]

Degen Protocol’s original SH33P token Ponzi scheme has collapsed. In its place Degen Protocol has rebooted with GOAT token.

Introducing the majestic GOAT Token, a true champion of the crypto wilderness, residing on the rugged terrain of Pulsechain.

If that all sounds incredibly stupid to you, it’s because it is. [Continue reading…]