BR-USDT fails to provide ownership or executive information on its website. BR-USDT’s website domain (“br-usdt.com”), was privately registered with bogus details on April 16th, 2024. Of note is BR-USDT’s 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, […]
Task-based “click a button” app Ponzi Read More »
Cryptriva fails to provide ownership or executive information on its website. In fact as I write this, Cryptriva’s website is nothing more than an affiliate signup/log in form: Cryptriva’s website domain (“cryptriva.com”), was privately registered on January 29th, 2024. In an attempt to appear legitimate, Cryptriva represents it has shell companies registered in the US
AI trading ruse MLM Ponzi Read More »
On the same day he was arrested, William Morro was arraigned before a Judge. At his arraignment Morro pled guilty to one count of bank fraud. Pending filing of a Presentence Investigation Report, Morro (right) is scheduled to be sentenced on August 1st, 2024. Morro was part of OneCoin’s US money laundering efforts led by
William Morro pleads guilty to OneCoin bank fraud Read More »
YIPTG fails to provide ownership or executive information on its website. YIPTG’s website domain (“yiptg.com”), was privately registered on January 5th, 2024. Despite only existing for a few months, on its website YIPTG falsely claims it was “establish[ed] in Nevada, USA in 2012”. As to being based of Nevada, YIPTG offers up a Nevada shell
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Mabcredit fails to provide ownership or executive information on its website. Mabcredit’s website domain (“mabcredit.com”), was first registered in 2009. The registration was last updated with bogus details on June 9th, 2022. The current Mabcredit website went online on or around 2021. Through the Wayback Machine we can see that prior 2021, the Mabcredit domain
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William Morro has been arrested on OneCoin money laundering charges. As per an April 23rd superseding indictment charging Morro with bank fraud; Morro knowingly execute[d] … a scheme … to defraud a financial institution … and to obtain moneys, funds, credits, assets, securities and other property … by means of false and fraudulent pretenses, representations
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Serial Ponzi promoter Shelley Cullen has been convicted of five violations of New Zealand’s Fair Trading Act. Cullen, who once declared she wanted to be “one of the biggest scammers in NZ”, is facing a fine of up to $600,000 NZD per violation. Cullen’s legal troubles in New Zealand began in 2020. After receiving “a
Shelly Cullen convicted of Lion’s Share pyramid scamming Read More »
Former OneCoin promoter Ken Labine has launched an MLM company he’s calling NFPT. Labine claims he’s been “working towards” NFPT his “whole life”. Beyond the compensation plan though, NFPT specifics are intentionally vague. Labine uploaded an NFPT presentation to YouTube on April 15th. In the presentation Labine revealed NFPT is a pyramid scheme. Affiliate positions
Ken Labine launches MLM pyramid scheme Read More »
Following their arrest in 2016, AlphaPool and Bonofa ringleaders Detlef Tilgenkamp, Thomas Kulla, Gernot Fuhr and Martin Böhm have received prison sentenced. Unfortunately due to how financial fraud is reported on in Germany, we don’t have specific details on each Bonofa scammer’s sentence. Courtesy of a January 17th report from SR, what we do know
Bonofa scammers sentenced to 6-7 years in prison Read More »
As part of ongoing criminal proceedings against Sam Lee, Brenda Chunga and Rodney Burton, the DOJ is seeking HyperFund victim impact statements. Investors who lost money in HyperFund, Hyperverse and/or HyperNation are able to get further details from the DOJ’s website. HyperFund victim impact statements can either be mailed in or emailed (a PDF template
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