Crowd1 has been identified as a “pyramid scam” by Gabon’s Ministry of Economy and Finance. In a June 1st communication, Gabon’s top financial regulator warns that Crowd1 is akin to network marketing pyramid scam systems in which profit does not come sales activity but from the recruitment of new members. Thus, only the designers of […]
Crowd1 “pyramid scam” warning issued in Gabon Read More »
The Trump ACN lawsuit has come to a halt, following a granted stay on proceedings. On May 26th the Trump defendants filed an appeal against a decision to deny a motion to compel arbitration. On May 29th the Second Circuit granted an administration stay on proceedings while the appeal was decided. The appeal is scheduled
ACN Trump lawsuit stayed till outcome of arbitration appeal Read More »
In the lead up to his resignation as “captain” of OneCoin on April 1st, Simon Le claims to have “many sleepless nights”. Details of what he was worried about are revealed in Le’s leaked OneCoin resignation letter. Shortly after being appointed captain in late 2019, Le states that on December 4th he had a chance
OneCoin Leaks: Simon Le’s resignation letter Read More »
MOBE’s payment processor QualPay has settled fraud charges with the FTC. The settlement includes a $46.7 million dollar suspended monetary judgment. As per a June 1st press-release issued by the FTC; Qualpay ignored numerous signs that MOBE was a fraudulent business. The red flags listed in the complaint include questions about whether MOBE was a
QualPay settles MOBE fraud charges with FTC Read More »
SwissGold Market’s website provides no information about who owns or runs the company. In SwissGold Market’s Terms and Conditions, the company represents it is incorporated as a shell company in Belize. For the purpose of due-diligence and regulation, this is meaningless. SwissGold Market’s website domain (“sg.market”) was first registered in June 2018. The registration information
SwissGold Market Review: Gold ruse cycler Ponzi Read More »
Uhuru Tribe provides no information about who owns or runs the company on their website. Marketing copy on Uhuru Tribe’s website suggests the company is run by someone from South Africa. UHURU is a Stokvel that will empower you to change your financial security forever. A stokvel is invitation-only clubs of twelve or more people
Uhuru Tribe Review: UHC Ponzi points scheme Read More »
XOXO Network’s website provides no information about who owns or runs the company. In fact as I write this, XOXO Network’s website is nothing more than an affiliate login form. XOXO Network’s website domain (“xoxonetwork.io”) was privately registered on May 23rd, 2020. One thing to note is that despite the recent registration of XOXO Network’s
ETH pyramid recruitment & gifting Read More »
ClicXAds provides no information on its website about who owns or runs the company. CliccXAds’ website domain (“clicxads.com”) was first registered in 2017. The domain registration was last updated with private details on February 16th, 2020. Through the Wayback Machine I was able to verify that ClicXAds’ domain was previously used to market a PTC
ClicXAds Review: AdPack bitcoin Ponzi scheme Read More »
OXI Corp provides no information about company ownership on its website. There is an “Our Team” section available, however none of the roles suggest executive positions. There’s also no external information sources tying any of the names provided to OXI Corp. Supposedly OXI Corp is incorporation in Labuan, a Malaysian tax-haven. Whether the company is
10% a day “we do everything” Ponzi Read More »
A few weeks ago BehindMLM published a BetPlay365 review. Today BetPlay365’s website is unresponsive. Further research reveals the company has been rebooted as Daxio: You can also confirm this in the FAQ section of Daxio’s website: Are you a licensed casino? Yes, all Daxio products and games are jointly operated by Global Game Arena LTD
Global Game Arena’s fourth Ponzi reboot Read More »
