Zeotar Review: EV charging ruse MLM crypto Ponzi

Zeotar fails to provide verifiable ownership or executive information on its website.

Zeotar’s website domain (“zeotar.com”), was privately registered on November 15th, 2023.

Despite only existing for a few months, on its website Zeotar falsely claims it was founded in 2017.

Zeotar is purportedly run by founder Sebastian Martinez, who Zeotar claims is from New Mexico. Naturally Martinez doesn’t exist outside of Zeotar’s marketing.

In line with Martinez being from New Mexico, Zeotar provides consumers with a New Mexico shell company certificate for Zeotar LLC. Zeotar LLC was incorporated in December 2023.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

Over on YouTube we have Zeotar marketing videos featuring an robodubbed AI avatar and George C.

A year ago George was teaching English in South Korea:

Today George can be found on Fiverr:

It seems whoever is running Zeotar hasn’t bothered to find someone to play Sebastian Martinez yet.

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…]


Nexus Heat Review: 15% a day MLM crypto Ponzi

Nexus Heat fails to provide verifiable ownership or executive information on its website.

Nexus Heat’s website domain (“nexus-heat.com”), was privately registered on May 20th, 2023.

Despite existing for less than a year, Nexus Heat falsely claims on its website that it “was incorporated on the 25th of August 2016”.

Purportedly heading up Nexus Heat is CEO “Johan Hjertonsson”.

Hjertonsson doesn’t exist and is represented by a stolen profile photo:

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…]


Coenraad Botha fined R216 million for CBI Global fraud

Coenraad Botha has been fined R216 million ($11.3 million USD) by South Africa’s Financial Sector Conduct Authority (FSCA).

Botha, a licensed lawyer in South Africa, has also been disbarred for ten years. [Continue reading…]


Coinset collapses, GFST rebranding

The Coinset NFT Ponzi scheme has collapsed.

As per communications sent out to investors, Coinset will officially be abandoned for GFST as a company name from April 1st. [Continue reading…]



FlipMe: Third Mavie Global Ponzi spinoff

FlipMe operates in the cryptocurrency MLM niche.

The company website domain (“flip-me.com”), was first registered in 2016. The private registration was last updated on October 12th, 2023.

Through the WayBack Machine we can see there was nothing on the domain as of September 2023. This indicates the domain was purchased on or around the October 2023 registration update.

There is no mention of Mavie Global or CEO Michal Prazenica on FlipMe’s website. [Continue reading…]


MTI liquidators sue US top net-winners

Mirror Trading International’s South African liquidators have initiated clawback proceedings against top US net-winners. [Continue reading…]


TethEx collapses, blames “banking partners”

The TethEx Ponzi scheme has collapsed.

As per a March 27th announcement post in TethEx’s official Telegram group, TethEx has “suspended” its “card program”. [Continue reading…]



Modere sues former top earners over Frequense recruitment

Modere has filed a federal lawsuit in Utah, accusing several former “high-ranking distributors” of poaching for Frequense. [Continue reading…]


Qyral “legal update” and… the affair.

After news of Qyral founder Hanieh Sigari’s lawsuit against husband Dariusz Banasik broke, Banasik, through the “Qyral Corporate” account, sent out a “legal update” email.

The update provides insight into Sigari’s alleged fiduciary breaches, which Banasik accused her of on March 22nd. [Continue reading…]


World Community Review: Fundraising ruse pyramid scheme

World Community fails to provide ownership or executive information on its website.

World Community’s website domain (“worldcommunity.biz), was privately registered on November 1st, 2023.

Further research reveals Henrique Machado citing himself as CEO of World Community on Instagram:

Machado, who cites himself as a resident of Portugal on his FaceBook profile, is a former promoter of the OneCoin Ponzi scheme.

Circa 2022, Machado had moved on to promoting the collapsed Decentra Ponzi scheme.

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…]