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

Dusery operates from two known website domains:

• dusery.com (standard fintech website full of bogus information) – privately registered on October 4th, 2023
• duseryvip.com (app) – privately registered on December 23rd, 2023

Despite only existing for a few months, on its .COM website Dusery falsely claims it was “founded in 2020”.

The support link on Dusery’s website leads to a chat script. In the source-code of this script we find references to Meiqia.

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

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…]

Back in late 2021 BehindMLM published its WinWheel review.

WinWheel was essentially a reboot of the collapsed Algotech Ponzi scheme, fronted by several former top OneCoin Ponzi promoters.

WinWheel offered investors passive returns through node positions, tied to the company Connect.

This is a summary conclusion from BehindMLM’s WinWheel review;

To summarize, WinWheel is a Ponzi scheme with ties to Connect, an unknown blockchain company representing it is based out of the US.

Both companies are run by and/or promoted by serial-scammers, with business models appearing to be intentionally convoluted so as to confuse people.

WinWheel collapsed shortly after launch but Connect rebranded as Connect United and continued to defraud investors.

I made a note of this in BehindMLM’s WinWheel review. Recently though a reader reached out requesting a standalone Connect United review.

Having confirmed Connect United’s offering was MLM and not just a clone of WinWheel, today we’re publishing a separate Connect United review as requested.

Although it was very much created by an individual or individuals, Connect United fails to provide ownership or executive information on its website.

A visit to Connect United’s website redirects to an affiliate log in form:

Back in 2021 I noted Utah resident Stephen Michael Miller was the face of Connect.

As of May 2024, Miller’s LinkedIn profile cites him as COO of Connect since 2018 and President as of July 2020.

Before getting into MLM crypto fraud, Miller had a history in real-estate.

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…]

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

Auratus’ website domain (“auratus.gold”), was privately registered on November 29th, 2023.

Auratus came about following the collapse of the GSPartners fraudulent investment scheme.

GSPartners was an MLM crypto Ponzi scheme run through GSB Gold Standard Corporation. Both companies are owned by German national Josip Heit (right).

GSPartners offered investors, primarily in the US and Canada, weekly passive returns through “metacertificates“.

Regulators in Canada began cracking down on GSParners and Josip Heit in early 2023.

• Quebec’s Autorite des Marches Financiers cited GSPartners and fifty-two associated websites in a March 9th, 2023 securities fraud warning
• the Alberta Securities Commission added GSPartners’ GSTrade platform and G999 Ponzi coin to its Investment Caution List on March 15th, 2023
• the Alberta Securities Commission added GSPartners to its Investment Caution List on May 19th, 2023
• the British Columbia Securities Commission issued a GSPartners securities fraud warning on May 30th, 2023
• Saskatchewan’s Financial and Consumers Affairs Authority issued a GSPartners investor alert on June 1st, 2023
• the Ontario Securities Commission issued a GSPartners and Swiss Valorem Bank securities fraud warning on July 25th, 2023

In response to the initial Canadian regulatory fraud warnings, GSPartners attempted to rebrand as Swiss Valorem Bank in May 2023.

Swiss Valorem Bank flopped and was quickly abandoned. GSPartners continued to defraud consumers under its original name.

By October 2023 the strain of regulatory fraud investigations into GSPartners began to emerge. On October 3rd, 2023 GSPartners disabled weekly ROI payments.

In November 2023, news broke of multiple US regulatory fraud investigations into GSPartners and Heit.

• BehindMLM confirmed ongoing CFTC and SEC investigations into GSPartners and Heit on November 2nd, 2023
• the Texas State Securities Board issued a GSPartners and Josip Heit securities fraud cease and desist on November 16th, 2023
• Washington’s Department of Financial Institutions issued a GSPartners and Josip Heit fraud warning on November 16th, 2023
• the Alabama Securities Commission issued a GSPartners securities fraud cease and desist on November 16th, 2023
• California’s Department of Financial Protection and Innovation issued a GSPartners securities fraud desist and refrain order on November 16th, 2023
• Kentucky’s Department of Financial Institutions sued GSPartners and Josip Heit for securities fraud on November 16th, 2023
• Wisconsin’s Department of Financial Institutions issued a GSPartners “global fraud scheme” warning on November 16th, 2023
• New Hampshire issued a GSPartners “fraud and deception” cease and desist order on November 16th, 2023
• the Arizona Corporation Commission issued a GSPartners and Josip Heit securities fraud cease and desist order on November 16th, 2023
• Florida’s Office of Financial Regulation issued a GSPartners and Josip Heit “unlawful activities” cease and desist order on November 17th, 2023
• the Arkansas Securities Department issued a GSPartners securities fraud cease and desist order on November 22nd, 2023
• Mississippi’s Secretary of State issued a GSPartners securities fraud cease and desist order on December 6th, 2023
• Georgia’s Commissioner of Securities fined GSPartners and Josip Heit $500,000 for securities fraud violations on January 22nd, 2024
• Massachusetts’ Attorney General’s Office issued a GSPartners “crypto scam” warning in early March 2024

Outside of the US

• the Australian Securities and Investments Commission issued a GSPartners securities fraud warning on November 15th, 2023
• South Africa’s Financial Sector Conduct Authority issued a GSPartners securities fraud warning on November 22nd, 2023
• New Zealand’s Financial Markets Authority issued a GSPartners securities fraud warning on February 7th, 2024
• the UK’s Financial Conduct Authority issued GSPartners related securities fraud warnings on March 21st, 2024

Amidst the avalanche of regulatory fraud warnings, fines and cease and desist notices, GSPartners collapsed on December 16th, 2023.

Heit attempted to continue to run GSPartners and GSPro, however that was short lived and didn’t go anywhere.

US and Canadian GSPartners investor accounts were terminated on December 20th, 2023 and February 12th, 2024 respectively.

In March 2024 Billionico emerged as a potential backdoor reboot for US and Canadian GSPartners investors.

The Texas State Securities Board issued a Billionico securities fraud warning on April 22nd, 2024. Billionico is believed to have been quietly abandoned shortly after.

Auratus emerged in or around mid April 2024. New shell companies associated with Auratus’ launch include:

• Helvetic Digital Finance AG (Switzerland)
• TAS Helvetic Gold Trading LLC (Dubai)
• DX and One Trust LTD (Bulgaria)
• MTX Finance LLC (Montana, US) and
• Link Genius Portal LLC (Dubai)

Auratus and representative Terry Lee were named in TSSB’s Billionico securities fraud order;

On April 19, 2024, Billionico Academy began offering investments in a digital gold vault issued by Respondent Auratus, represented by Terry Lee, that purportedly secures physical gold and generates passive income using fintech and blockchain technology.

The investments in the digital gold vault are being illegally, deceptively and fraudulently offered in Texas and the Securities Commissioner is entering this Emergency Cease and Desist Order to stop the scheme and protect the public from immediate and irreparable harm.

Both Billionico and Auratus have since blocked Texas residents from visiting their website:

Additionally, Auratus states on its website;

Auratus.gold affiliates (including those of commercial nature) are NOT AUTHORIZED and are prohibited by Auratus.gold To claim that Auratus.gold is recommended by any financial regulator body is strictly forbidden.

This website, and any products within, are not intended to be accessed by USA or Canadian based persons.

On its website Auratus provides a “legal imprint” section. This is a legal requirement in German-speaking countries.

Although he’s based out of Dubai, through known and unknown shell companies Josip Heit is believed to be behind Auratus.

Auratus is currently being promoted in secret by mostly Australian and New Zealand former GSPartners investors.

Auratus is not registered to offer securities in Australia or New Zealand.

Since GSPartners’ collapse last year, Heit has not made any public appearances. Heit’s known travel has been restricted to countries and jurisdictions that do not have extradition treaties with the US (Dubai, the Maldives and international waters).

Due to the proliferation of scams, sheltering of wanted fugitives 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 Auratus, read on for a full review. [Continue reading…]

A NovaTech FX Ponzi promoter has received a securities fraud cease and desist from Ohio.

Steven Douglas Alexander, of Cincinnati, is cited as a Respondent in the Ohio Division of Securities March 22nd order. [Continue reading…]

A “Dubai Unlocked” leak pertaining to real-estate records in the UAE has tied over two dozen properties to OneCoin scammers.

The leak, shared and vetted by various media publications, also provides intel on OneCoin fugitive Frank Schneider. [Continue reading…]

Following news of a settlement between Nutra Pharma Corp defendants and the SEC in April, details of two settlements have now been made public.

As part of a final judgment in favor of the SEC; [Continue reading…]

Following two distributions of recovered funds to victims, the USFIA Receiver has requested court permission to destroy records and close the Receivership. [Continue reading…]

Anna Morgenstern, wife of FutureNet co-founder Stephan Morgenstern, has been criminally charged by South Korean authorities.

Separately Albanian authorities have charged Anna with laundering funds tied to a criminal offense. [Continue reading…]

YIPTG has received a pyramid scheme fraud warning from Russia.

As per the Central Bank of Russia’s May 15th warning, YIPTG exhibits “signs of a financial pyramid”. [Continue reading…]

Following closure of the EminiFX victim claim portal, 110,318 transactions from over 30,000 victims have been verified.

The transactions correlate to $229 million in verified invested funds and around $30 million in verified withdrawals.

Just over 5000 EminiFX investors have submitted disputed transactions, or transactions that were unable to verified. [Continue reading…]