ToFro has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV).

As per CNMV’s September 8th warning; [Continue reading…]

Des Alpes has received a securities fraud warning from Quebec’s Autorite des Marches Financiers (AMF).

As per AMF’s September 19th Des Alpes fraud warning; [Continue reading…]

Eleven former police officers have received life sentences for their roles in a BitConnect extortion case.

The police officers are joined by Superintendent of Police Jagdish Patel, Police Inspector Anant Patel and former politician Nalin Kotadiya – all of which also received life sentences.

Criminals sentenced to life in India must serve at least 14 years before being eligible for early release. [Continue reading…]

Josip Heit has been denied a European trademark application for “The Hongkong Telegraph”.

German lawyers Irle Moser filed an application on Heit’s behalf for The Hongkong Telegraph trademark on July 10th, 2023.

[Continue reading…]

Eight years after OneCoin’s collapse, German prosecutors have filed charges against founder Ruja Ignatova. [Continue reading…]

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

TCPatel operates from two known website domains:

• tcpatelfunds.com (already abandoned) – privately registered on June 15th, 2025
• tcpatel.vip – privately registered on September 27th, 2024

If we look at TCPatel’s support platform, we can see it runs on QiaBot:

QiaBot is a Chinese chatbot company. This suggests whoever is running TCPatel 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…]

24XRP AI Bot fails to provide ownership or executive information on its website.

XRP AI Bot’s website domain (“xrpaibot.com”), was privately registered on April 16th, 2025.

Further research reveals XRP AI Bot promoters citing Rehan Gohar as CEO:

That led me to an official webinar ad citing Gohar as XRP AI Bot’s “Marketing Expert”:

Jack Muller is presented as XRP AI Bot’s CEO. In other instances, Gohar is cited as CEO and Muller as XRP AI Bot’s “bot designer”:

Muller of course doesn’t exist outside of XRP AI Bot’s marketing. An Instagram profile was created under the name “Dr. Jan Van Muller” on July 6th, 2025.

The actor playing Muller has a European accent. Beyond that he just seems to be a random guy plucked from somewhere.

Rehan Gohar meanwhile is a serial MLM crypto Ponzi fraudster.

Rehan Gohar and brother Rizwan Gohar were behind the BizzTrek pyramid scheme, launched back in 2018.

BizzTrek collapsed around mid 2019. This prompted the launch of BizzTrade, a forex themed Ponzi scheme.

BizzTrade collapsed in mid 2020, prompting a reboot with “BizzCoin” and crypto trading.

BizzCoin’s crypto Ponzi collapsed towards the end of 2020. 2021 was mostly spent feeding BizzTrade victims various excuses.

In December 2021 BizzTrade Pro launched. BizzCoin was swapped out for BizzCoin Pro, and the Ponzi scamming continued.

BizzTradePro lasted until April 2022, prompting the Gohar brothers to launch NextGen Academy.

NextGen Academy began to collapse by early 2023, prompting the launch of My Car Club in March 2023.

Following a regulatory enforcement action in Australia tied to money laundering, NextGen and My Car Club collapsed in or around May 2023.

Call me cynical but, with XRP AI Bot, it appears the Gohar brothers are hiding behind a puppet CEO. It’s not the first time they’ve done it, NextGen Academy was fronted by CEO Paul Chalmers.

Originally from the UK, as investor losses mounted the Gohar brothers fled 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 XRP AI Bot, read on for a full review. [Continue reading…]

EXW Ponzi founder Benjamin Herzog was sentenced to five years in prison in October 2024.

Counting time served, Herzog only spent a few months in prison. In April 2025 Herzog was released under monitoring supervision.

Under this arrangement Herzog was able to work again, and reportedly had been at a warehouse up until a few weeks ago. [Continue reading…]

In a bid to avoid prison time, Faraday Hosseinipour has thrown her brother-in-law under the bus.

As a top promoter of the Infinity2Global Ponzi scheme, Hosseinipour was convicted by a jury in September 2022. Hosseinipour was sentenced to two and a half years in prison in January 2023.

In addition to being her brother-in-law, Wayne Manning was Hosseinipour’s attorney through to sentencing. [Continue reading…]

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

Aarman’s website domain (“aarman.com”), was registered in November 2000. The private registration was last updated on September 10th, 2024.

Through the WayBack Machine we can see Aarman’s current website went live in late 2024. This suggests Aarman’s admin(s) acquired the domain in or around September 2024.

On its website Aarman provides a corporate address in Hong Kong. The address corresponds to a random factory building. It’s unlikely this address has anything to do with Aarman.

Aarman’s compensation documentation additionally provides a “marketing office” address in Kuala Lumpur, Malaysia. This is a random office tower which, again, is unlikely to have anything to do with Aarman.

As of August 2025, SimilarWeb was tracking ~112,000 monthly visits to Aarman’s website.

99% of Aarman’s website traffic originates from India. As opposed to Hong Kong, this strongly suggests whoever is running Aarman has ties to India.

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…]