Billions Trade Club has collapsed.

Instead of just being honest about running a Ponzi scheme and stealing everybody’s money, Billions Trade Club investors are being fed a “shell companies” exit-scam. [Continue reading…]

GPA USDT fails to provide ownership or executive information on its website.

GPA USDT’s website domain (“gpa-usdt.com”), was registered with bogus details on July 11th, 2024.

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

GPA USDT has already attracted the attention of financial regulators. The Central Bank of Russia issued a GPA USDT pyramid fraud warning on July 19th, 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…]

DesertGreener operates in the cryptocurrency MLM niche. The company provides a corporate address in Austria on its website.

Heading up DesertGreener we have the “inventor” of the company Carl Albrecht Waldstein.

As far as I can tell, Waldstein doesn’t appear to have an MLM history.

Waldstein abandoned his personal FaceBook profile in 2021. Possibly due to language-barriers, I was unable to find any other information on Waldstein.

DesertGreener operates from two known website domains; “desertgreener.sale” and “desertgreener.io” (redirects to .SALE domain).

Both of DesertGreener’s website domains were registered on January 18th, 2024. The owner of both domains is Klimates AG through an Austrian address.

Read on for a full review of the DesertGreener MLM opportunity. [Continue reading…]

Early on in their since dismissed case the SEC flagged concerns about Debt Box’s owners fleeing to Dubai.

Now those concerns have been realized, along with what appears to be an attempted $400 million exit-scam. [Continue reading…]

The Capital Markets Tribunal has ruled NovaTech FX committed securities fraud in Ontario.

Following analysis of evidence submitted by the Ontario Securities Commission (OSC), CMT published its findings on July 22nd, 2024. [Continue reading…]

Following non-payment of salaries for six months, two hundred OnPassive employees in India have gone on strike.

Sakshi reports that the OnPassive strike is accompanied by a report filed a Madhapur police station in Hyderabad. [Continue reading…]

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

HFTX’s website domain (“hftx.cc”), was privately registered on July 4th, 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…]

Following years of delays, there is finally some movement on the SEC’s BitConnect promoter case. [Continue reading…]

Scorpio fails to provide verifiable ownership or executive information on its website.

Supposedly Scorpio is headed up by CEO Willard Chapman.

Chapman doesn’t exist outside of Scorpio’s marketing. I suspect, along with Scorpio’s other executives, that these are AI generated profile photos.

If you look closely at Chapman’s body, you’ll see his arm is wonky inside his suit and he’s crossed his arms at the pectoral level. Chapman’s left hand is also missing.

All three Scorpio executives are also posed in exactly the same manner at exactly the same angle with weird non-uniform lighting. Together these observations are indicative of AI-generated images.

Scorpio’s website domain (“scorpiovc.com”), was registered on October 10th, 2023. The private registration was last updated on July 2nd, 2024.

Through the Wayback Machine, the earliest version of Scorpio’s current website was tracked in mid January 2024. Scorpio’s official FaceBook group was created in November 2023.

Despite being nine months old at the latest, on its website Scorpio falsely claims it “started its journey in 2018”.

It’s also worth noting Scorpio’s FaceBook page is adminned by “Isabel Snyder”. The Snyder account has is populated with what appears to be stolen photos and otherwise has no content.

As of June 2024, SimilarWeb tracks top sources of traffic to Scorpio’s website as Hungary (68%), Germany (19%) and Switzerland (6%).

As opposed to website representations Scorpio is based out of the US and Hong Kong, whoever is actually running it likely has ties to Europe.

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…]

TLC Trading has cut off its Hungarian investors.

Attempts to log in to TLC Trading from within Hungary now return an error: [Continue reading…]