RamCredit Review: Generic fintech ruse Ponzi
RamCredit fails to provide ownership or executive information on its website.
RamCredit’s website domain (“ramcredit.com”), was first registered in 2013. The private registration was last updated on May 20th, 2023.
RamCredit’s website appears to have gone live a few months after the domain was acquired in May 2023.
Despite only existing for a year or so at best, on its website RamCredit falsely claims it was “established in 2013”.
In attempt to appear legitimate, RamCredit provides a corporate address in the US on its website. The address points to random office space in Arizona that, as far as I can tell, has nothing to do with RamCredit.
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…]
Steven Labriola settles with TelexFree class-action
TelexFree executive Steven Labriola has settled with the TelexFree class-action.
As per the terms of Labriola’s settlement, no money will change hands but Labriola has committed to full cooperation. [Continue reading…]
DOJ seizes “MyChargeback” recovery scam website
MyChargeback (aka “MyChargeback.com”), is part of a series of recovery scam websites tied to Cactil LLC.
On or around June 25th the FBI, working with the DOJ, seized MyChargeBack’s website:
Hennessy Mall Review: Stolen identity “click a button” Ponzi
Hennessy Mall fails to provide ownership or executive information on its website.
Hennessy Mall’s website domain (“hennessymall.vip”), was registered with bogus details on July 14th, 2024.
Of note is Hennessy Mall’s website domain being registered through the Chinese registrar Alibaba (Singapore).
Hennessy Mall has already attracted the attention of financial regulators. The Central Bank of Russia issued a Hennessy Mall 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…]
Hexucation Review: “The future of MLM” pyramid scheme
Hexucation fails to provide ownership or executive information on its website.
Hexucation’s website domain (“hexucation.com”), was first registered in July 2022. The registration was last updated on July 18th, 2024.
“Clifford Williams” through a UK address is listed as Hexucation’s website domain owner. The provided UK address is a random residential address so the Hexucation’s domain registration details are assumed to be bogus.
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…]
Debon Review: Quantitative Trading “click a button” Ponzi
Debon fails to provide ownership or executive information on its website.
Debon’s website domain (“debanggroup.com”), was first registered in 2016. The private registration was last updated on June 21st, 2024. This appears to be around the time Debon launched.
Despite only being a month or so old, on its website Debon falsely claims it was “founded in 1996”.
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…]
Cardiff wants to go to Ireland, DOJ alleges witness tampering
On July 22nd Jason Cardiff filed an ex parte motion requesting permission to travel to Ireland.
According to Cardiff, his wife Eunjung recently “suffered a medical issue” in Slovakia.
On July 20, 2024, Mr. Cardiff reported that his wife suffered a medical issue while she was in Slovakia.
Mr. Cardiff reported that Mrs. Cardiff intends to seek additional medical treatment in Ireland, where she resides.
Because of this medical issue, Mr. Cardiff seeks permission to travel to Ireland to assist his wife and care for their 10-year-old child. Mr. Cardiff proposes that he travel to Ireland for ten days.
What Eunjung Cardiff was doing in Slovakia wasn’t disclosed.
On July 23rd, a day later, the DOJ filed its opposition to Cardiff’s motion. [Continue reading…]
Polivera Review: Boris CEO AI trading bot Ponzi
Polivera fails to provide verifiable ownership or executive information on its website.
Polivera’s website domain (“polivera.ai”), was privately registered on an unknown date.
Polivera is purportedly headed up by CEO “Valeria Carbone”.
Naturally Carbone doesn’t exist outside of Polivera’s marketing material.
In a marketing video uploaded to Polivera’s official YouTube channel on May 11th, Carbone is played by a woman disguised with glasses and a wig.
Although the actor doesn’t have a thick accent, I believe it’s still an eastern European accent (“vebsyte” etc.). This would track with the majority of Boris CEO scams being run by Russians.
As of June 2024, SimilarWeb tracked top sources of traffic to Polivera’s website as the US (24%), Hungary (16%), Malaysia (12%), Taiwan (8%) and Singapore (7%).
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…]
Billions Trade Club collapses, shell companies exit-scam
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 Review: Stolen identity “click a button” Ponzi
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…]
