Kannaway walks back TranzactCard “strategic partnership”?
After selling its distributor and customer base info to TranzactCard, Kannaway is now walking back its “strategic partnership”.
A new warning advises distributors to keep their Kannaway and TranzactCard marketing separate. [Continue reading…]
Dream Farm Review: Farming “click a button” app Ponzi
Dream Farm fails to provide ownership or executive information on its website.
Dream Farm’s website domain (“dreamfarmworld.com”), was privately registered on February 2nd, 2023.
In an attempt to appear legitimate, Dream Farm provides investors with a Colorado shell company certificate.
Due to the ease with which scammers can register shell companies with bogus details, shell company registration in any jurisdiction is 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…]
Justin Prince sued for “sabotaging and crippling” Modere
Following on from top earner Justin Prince suing Modere, Modere has also filed a lawsuit against Prince.
Like Prince’s suit, Modere and parent company Z Capital have filed their Complaint in the Fourth District Court of Utah. Prince and his company JPBG LLC are listed as defendants. [Continue reading…]
Nugen Universe morphing into Britto Capital?
What’s left of the collapsed Nugen Universe Ponzi scheme appears to be transitioning into Britto Capital.
What is Britto Capital? I don’t really know. [Continue reading…]
Top earner Justin Prince sues Modere after termination
Former Modere top earner Justin Prince has sued Modere following his termination.
In a Complaint filed earlier this week in the Fourth District Court of Utah, Prince names Modere, Maple Mountain Enterprises, Maple Mountain Group (formerly Neways), James Zenni Jr., George Russell, Z Capital Partners, Z Capital Commercial Finance LLC and Z Capital Group LLC as defendants. [Continue reading…]
CashFlow NFT fraud continues with Boogie Gopher NFTs
CashFlow NFT started off last year as a real-estate themed NFT ruse Ponzi scheme.
That didn’t go anywhere so now, through “Boogie Gopher” NFT investment positions, the company is illegally selling virtual shares.
Before we dive in, it’s important to note that CashFlow NFT doesn’t want its illegal activity made public: [Continue reading…]
Traffic Monsoon’s Imtiaz Aslam cops $6.9 mill judgment
Imtiaz Aslam (aka Immy Aslam), has copped a $6.9 million default judgment.
Aslam, a UK national, was second in Traffic Monsoon under incarcerated founder Charles Scoville. [Continue reading…]
Class Certification denied in Trump ACN case
Plaintiffs seeking to establish a class-action against Donald Trump over promotion of ACN have been denied.
The October 17th order denied class certification, over uncertainty “a putative class member was exposed to some or all of the four alleged misstatements”. [Continue reading…]
MineLab Review: Crypto mining ruse Ponzi scheme
MineLab fails to provide ownership or executive information on its website.
MineLab’s website domain (“minelab.bz”), was privately registered on May 29th, 2023.
In an attempt to appear legitimate, MineLab represents it is incorporated in the UK as MineLab LTD.
An MLM company operating or claiming to operate out of the UK is a red flag. UK incorporation is dirt cheap and effectively unregulated.
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…]
Linxella Review: NextGen Academy scammers launch own Ponzi
Linxella fails to provide ownership or executive information on its website.
Linxella’s website domain (“linxella.io”), was privately registered on July 31st, 2023.
Over on social media we learn Linxella’s co-founders are Rohit Sharma, Magda Karapetyan, Azad Mohammad and Haider Mustafa.
Rohit Sharma and Magda Karapetyan are in a relationship. Outside of that all of Linxella’s co-founders are former UK promoters of the collapsed NexGen Ponzi scheme.
It should be noted that, as of October 8th, the FCA banned MLM cryptocurrency investment schemes in the UK.
Other names of note in Linxella are Michael Tornquist and Merja Laiho.
Tornquist and Laiho appear to be responsible for Linxella recruitment in Europe.
The use of UAE time on Linxella’s marketing promos suggests that it might have ties 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:
- If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
- 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 Linxella, read on for a full review. [Continue reading…]
