Mirror Trading International net-winners have been issued summons in South Africa.

The summons are part of liquidator’s efforts to claw back money paid to MTI’s top earners. [Continue reading…]

Investview’s former accounts have been fined $400,000 for filing dodgy audits with the SEC.

One individual accountant has also been fined $65,000 and barred from being associated with a registered public accounting firm. [Continue reading…]

E-Tik, aka E-TTiktok and E-Tiktok, fails to provide ownership or executive information on its website.

At time of publication, E-Tik has two known website domains:

• e-etiktok.com – privately registered on November 17th, 2023
• e-ttiktok.com – privately registered on November 17th, 2023

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…]

OneCoin money launderer Mark Scott, 55, has been sentenced to ten years in prison. [Continue reading…]

INT Football fails to provide ownership or executive information on its website.

INT Football’s website domain (“int-football.com”), was privately registered on December 22nd, 2023.

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…]

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

Executive information that is provided is made-up with generic corporate bios:

Tradixis’ website domain (“tradixis.com”), was privately registered on June 6th, 2023.

Tradixis began uploading robo-dubbed marketing videos to its YouTube channel in late November 2023. This appears to be around the time it launched.

In an attempt to appear legitimate, Tradixis provides an ASIC registration certificate for Tradixis Capital Pty Ltd.

Tradixis Capital Pty Ltd. was purportedly registered as an Australian shell company on November 9th, 2023.

ASIC are known for non-regulation of MLM fraud. Furthermore anyone can register a company with ASIC using whatever bogus details, there is no verification.

For this reason ASIC registration is favored by scammers residing outside of Australia.

With respect to MLM due-diligence, ASIC registration certificate as proof of legitimacy is therefore meaningless.

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 Streakk Ponzi scheme has rebranded as Earn World.

Earn World has been set up on a single-page website on the domain “earn.world”, first registered in 2017.

The private registration was last updated on May 24th, 2023, which is likely around the time Streakk acquired it.

This coincides with the collapse of Streakk’s STKK token. [Continue reading…]

At Cost Metals fails to provide ownership or executive information on its website.

A visit to At Cost Metals reveals a simple homepage design, on which you’ll find an affiliate signup link, AI avatar hosted marketing videos, PDF presentations and metal pricing.

The use of AI avatars in At Cost Metals is an instant red flag. AI avatars are typically used by scammers trying to hide ownership.

Further research reveals promoter marketing videos citing Justin Davis as At Cost Metals’ founder.

BehindMLM first came across Davis as owner and President of Preservation of Wealth in 2012.

Preservation of Wealth was an MLM pyramid scheme hidden behind a precious metals ruse.

In paying affiliates directly on the recruitment of new members Preservation of Wealth pretty much boils down to being a pyramid scheme attached to an irrelevant Numismatic storefront which, doesn’t seem to be available to anyone except company members.

Today Preservation of Wealth doesn’t exist. It appears to have collapsed circa 2014.

Preservation of Wealth has cheques bouncing, coins not being delivered, is failing to answer customer support emails and failing to pay commissions.

This leaves us with a ten-year gap in Davis’ MLM career I wasn’t able to fill in.

According to his LinkedIn profile, Davis is a US resident of Texas.

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…]

GSPartners (aka GSPro), owner Josip Heit and promoter Michael Lynn “El” Dalcoe have been fined $500,000.

The fine was handed down as part of an emergency cease and desist, issued by Georgia’s Commissioner of Securities on January 22nd, 2024. [Continue reading…]

New Zealand authorities have seized a house and $462,000 in cash.

The assets are believed to belong to OneCoin fugitive Frank Schneider. [Continue reading…]