Australian BitConnect scammer John Bigatton has avoided prison.

Following a guilty plea in May, Bigatton faced up to forty-seven years in prison.

On July 15th, Bigatton was convicted but “released on a recognisance to be of good behaviour for three years.” [Continue reading…]

After stealing millions from consumers through cryptocurrency Ponzi schemes, and allegedly aware of federal investigations into him, HyperFund’s Rodney Burton believed he was above the law.

As part of that process, Burton fell down a sovereign citizen rabbit hole.

Upon his arrest at a Florida airport back in January, US authorities seized a “27-page packet documenting [Burton’s] participation in the sovereign citizen movement”.

Burton was caught attempting to flee to Dubai. Dissecting that part is easy, Dubai has no extradition treaty with the US and is notorious for sheltering criminals from all over the world.

Unpacking Burton’s descent into sovereign citizen nutjobbery requires deeper analysis. [Continue reading…]

A8 AI USDT fails to provide ownership or executive information on its website.

A8 AI USDT’s website domain (“a8-aiusdt.com”), was privately registered on June 24th, 2024.

A8 AI USDT has already attracted the attention of financial regulators. The Central Bank of Russia issued an AI A8 USDT pyramid fraud warning on July 8th, 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…]

HyperFund Ponzi promoter Rodney Burton was arrested en route to Dubai back in January.

Since then Burton has been in custody pending the outcome of him criminal case.

On June 16th, Burton filed a motion requesting a review of his detention. Burton’s motion was denied on July 9th. [Continue reading…]

Oxon Services fails to provide ownership or executive information on its website.

Oxon Services’ website domain (‘oxonservicesltd.com”), was privately registered on May 24th, 2024.

In an attempt to appear legitimate, Oxon Services provides an Australian shell company certificate for Oxon Services Pty Limited.

The certificate dates back to 2005 and, given Oxon Services is just over a month old, obviously has nothing to do with the company.

Given the certificate also cites a “record of registration” from 1998, it also appears to be doctored.

Oxon Services has already attracted the attention of financial regulators. The Central Bank of Russia issued an Oxon Services pyramid fraud warning on July 3rd, 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…]

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

Len-USDT’s website domain (“tron3679.com”), was registered with bogus details on April 30th, 2024.

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

Len-USDT has already attracted the attention of financial regulators. The Central Bank of Russia issued a Len-USDT pyramid fraud warning on July 8th, 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…]

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

Axiome’s website domain (“axiome.pro”), was registered on December 3rd, 2023. DeTech Global Inc is the registered owner and appears to be a Seychelles shell company.

Update 17th August 2024 – Since publication of this review Axiome is now naming Alex Scheck (aka Alexander Scheck) as its CEO.

Scheck appears to be a German national.

BehindMLM revisited Axiome following a pyramid fraud warning from the Central Bank of Russia on August 15th. /end update

Of note is Axiome’s official YouTube channel being in Russian:

This tracks with SimilarWeb ranking Russia as the top source of Axiome website traffic as of June 2024 (61%). Germany (17%), the Dominican Republic (10%) and the UAE (7%).

This strongly suggests Russians are behind Axiome, possibly hiding out in 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 Axiome, read on for a full review. [Continue reading…]

OnPassive has disabled access to its “ecosystem” services.

A new notice on OnPassive’s website reads; [Continue reading…]

Ahold Delhaize Shop fails to provide ownership or executive information on its website.

Ahold Delhaize Shop’s website domain (“ahold-shop.com”), was registered with bogus details on July 6th, 2024.

Of note is Ahold Delhaize Shop’s website domain being registered through the Chinese registrar Alibaba (Singapore).

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…]

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

In fact as I write this, Gladverse’s website is nothing more than an affiliate log in/sign up form:

Gladiaverse hiding basic information about the company is a red flag.

Gladiaverse’s website domain (“gladiaverse.io”), was privately registered on June 8th, 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…]