Stable Swap fails to provide ownership or executive details on its website.

Stable Swap’s website domain (“stableswap.live”), was privately registered on October 26th, 2023.

A link on Stable Swap’s website takes us to its official YouTube channel.

There we find videos in Taglish, a combination of Tagalog and English. Taglish is primarily used in the Philippines.

Stable Swap marketing videos are hosted by Pat Gallardo:

Gallardo has his own YouTube channel, on which Stable Swap marketing videos have also been uploaded.

Before Stable Swap, circa September 2023, Gallardo was promoting Swych.

That seems to have lasted about five months. The first Stable Swap marketing went up on January 9th, 2024.

As of March 2024, SimilarWeb tracked top sources of traffic to Stable Swap’s website as the Philippines (71%) and Australia (23%).

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…]

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

In SolHeist marketing videos, an AI robo avatar named “Sol Professor” represents the company.

In addition to being incredibly stupid, this is an immediate red flag. AI robo avatars are typically used by scammers to hide their involvement in fraudulent schemes.

SolHeist has two known website domains:

• solheist.io – privately registered on March 17th, 2024
• solheist.org – privately registered on March 17th, 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…]

The Alabama Securities Commission has sent out a questionnaire to GSPartners investors.

Dated April 15th, the ASC’s questionnaire provides an opportunity for GSPartners investors to provide details pertaining to their individual circumstances.

Oh, and the ASC also knows about Billionico… [Continue reading…]

Jimmy Ezzell’s foray into MLM cryptocurrency and AI fraud has collapsed.

Just days after BehindMLM published its Vilocity Global review, the company’s website and incriminating marketing videos have been pulled. [Continue reading…]

Gregory Aggesen has pled guilty to conspiracy to commit wire fraud, conspiracy to commit money laundering through promotion and conspiracy to obstruct justice.

The charges were filed against Aggesen in early 2022, as part of a group of indictments targeting EmpowerCoin, ECoinPlus and JetCoin scammers. [Continue reading…]

Mardy Eger, aka Marquis Demarking Egerton, has pled guilty to conspiracy to commit wire fraud and conspiracy to commit money laundering with concealment.

The charges were filed against Eger in early 2022, as part of a group of indictments targeting EmpowerCoin, ECoinPlus and JetCoin scammers. [Continue reading…]

BFF Crowdfunding has collapsed following a fraud warning from the Australian Securities and Investments Commission.

BFF Crowdfunding, which also went by BFF Global Network, was a 400% ROI Ponzi cycler. The scam was run by Mike Taylor, a US resident of Texas. [Continue reading…]

William White has pled guilty to one count of conspiracy to obstruct justice.

The charge was filed against White in early 2022, as part of a group of indictments targeting EmpowerCoin, ECoinPlus and JetCoin scammers. [Continue reading…]

DCPTG (aka Digital Currency Pioneer Technology Group), fails to provide ownership or executive information on its website.

DCPTG operates from two known website domains:

• dcptg.com – registered in April 2023, private registration last updated on March 26th, 2024
• dcptg.xyz – registered on November 29th, 2022, private registration last updated on December 22nd, 2023

Some DCPTG marketing points to the domain “dcptg.vip”. At time of publication however this domain is disabled.

As of March 2024, SimilarWeb tracks top sources of traffic to DCPTG’s website as Germany (31%), Hungary (16%), Austria (11%), Russia (10%) and Switzerland (6%).

The majority of DCPTG’s website traffic originates from German-speaking countries. This is reflected in DCPTG securities fraud warnings already issued by Germany (March 5th) and Austria (April 6th).

The Central Bank of Russia also issued a DCPTG pyramid fraud warning on Januiary 4th, 2024.

Due to it falsely representing it is based out of the US, DCPTG has also attracted the attention of US regulators.

In December 2023 the Washington Department of Financial Institutions issued a DCPTG securities fraud warning:

DFI has reason to believe that ITP is connected with Coscoin, DCPTG, and Alevius, all of which are purported investment trading platforms registered with the Washington State Secretary of State.

It does not appear that Coscoin, DCPTG, and Alevius’s businesses are actually located at any of the locations they list on the Washington State Secretary of State’s filings, nor that they are engaged in lawful business activities.

ITP Corp, CosCoin and Alevius are collapsed “click a button” app Ponzis run by Chinese scammers.

If we inspect the support page of DCPTG’s website, we find it runs on Meiqia software:

Meiqia is a Chinese software company based out of Beijing. This suggests whoever is running DCPTG has ties to China.

In what appears to be an attempt to hide this, DCPTG’s marketing videos feature a combination of stock footage, staged events featuring actors and AI robo avatars.

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…]

Blugenics operates in the nutritional supplement MLM niche. The company provides a corporate address in Nevada on its website.

Heading up Blugenics we have CEO Paul Redmayne and COO Eric Swaim.

Paul Redmayne is known to BehindMLM as:

• President of Blue Bird Bids, a Zeek Rewards Ponzi clone (2012)

• co-founder of RevStar Global, a Ponzi successor to the notorious Banners Broker Ponzi (2014)

Eric Swaim was Vice-President of Blue Bird Bids. When the Ponzi collapsed, partly due to Swaim raising concerns of internal manipulation, Swaim took control and converted what was left into PureNRG FX.

PureNRG FX launched in 2013 and was done by 2014. Swaim re-joined Redmayne in RevStar Global as Vice President of Sales in 2014.

RevStar Global is long gone and there’s a considerable gap in Redmayne’s and Swaim’s MLM history.

Fast forward to mid 2023 and Redmayne and Swaim launched Bimble Saving Club:

As far as I can tell, Bimble Savings Club was a travel-themed MLM pyramid scheme.

Bimble Savings Club’s website is no longer accessible, which leads into Blugenics launching its MLM opportunity at some point.

I’d love to be a bit more specific but, like Redmayne and Swaim, Blugenics doesn’t have much of a digital footprint.

What I did come across was this 2020 marketing video featuring Dave Hunter, in which he cites himself as founder and CEO of Blugenics Innovations.

Bluegenics Innovations was founded in 2015, originally as a non-MLM company.

As per Blugenics Innovation’s LinkedIn profile;

Blugenics Innovations is a leading Canadian company that specializes in the development and distribution of high-quality marine phytoplankton products.

Our flagship brand, Karen for Good Health, is the largest phytoplankton supplement brand in North America, offering a wide range of health benefits to our customers.

Sometime after Bimble Savings Club collapsed, Hunter appears to have hired Redmayne and Swaim to front an MLM side of the business, Blugenics Naturals.

Note that while Blugenics Innovations is a Canadian company, Blugenics Naturals cites itself as “a U.S based company”. I’m not sure if there’s anything more to that than an LLC shell company registered in Nevada.

To keep things simple this review will simply refer to Blugenics Innovations and Blugenics Naturals as “Blugenics”.

Read on for a full review of Blugenics’ MLM opportunity. [Continue reading…]