Driven Trading appeared on BehindMLM’s radar in October 2021, as the securities fraud component of Jimmy Ezzell’s Young Entrepreneur Project. That partnership broke down in April 2022, with YEP and Driven Trading going their separate ways. YEP went on to collapse shortly after. Owner and CEO Cory Kromray spun Driven Trading off as a non-MLM …
Driven Trading merged with IX Global Ponzi scheme Read More »
Financial Education Services’ Motion to Dismiss FTC proceedings against it has been denied. The FTC filed suit against FES last June, alleging FES was a $467 million pyramid scheme. As part of those proceedings, FES filed a Motion to Dismiss on July 25th. In its February 13th order denying FES’ motion, the court noted that …
Financial Education Services fails to dismiss FTC fraud case Read More »
AMZDoge surfaced on or around September 2022. The scheme operated both as AMZDoge and GeoDoge, operating from two primary domains: geodoge.com – private registration last updated on December 12th, 2022 amzdoge.com – privately registered on September 14th, 2022 Following AMZDoge’s collapse earlier this month, both previously accessible websites have since been disabled. AMZDoge’s Ponzi premise …
AMZDoge Ponzi collapses, “tax audit” exit-scam & webs offline Read More »
Vbit Technologies, a collapsed MLM crypto Ponzi, has attracted the attention of Montana’s state securities regulator. As per an internal investigation by Montana’s Commission of Securities and Insurance (CSI), Vbit Technologies scammed over 15,000 investors out of at least $11 million. On February 18th Troy Downing, Head of CSI, issued an order requiring Vbit Technologies …
Montana’s CSI goes after collapsed Vbit Technologies Ponzi Read More »
Michael Glaspie, a serial promoter of fraudulent MLM schemes, has pled guilty to wire fraud. Glaspie’s criminal case stems from his promotion of the “Mike G Deal”, which the DOJ confirmed was a $55 million “investment fraud scheme”. At time of publication Glaspie’s criminal case has yet to appear on PACER. Nonetheless details of Glaspie’s …
Michael Glaspie pleads guilty to “Mike G Deal” criminal charge Read More »
The NBH Finance Ponzi scheme has collapsed. In doing so, the scammers behind it have pulled a rather bizarre stock exchange exit-scam. A communication posted on NBH Finance’s website advises the company has “not been able to repay the invested for so long.” You see, in the global economy and cryptocurrency, the bitcoin price drop …
NBH Finance collapses, pulls bizarre stock-exchange exit-scam Read More »
Mindset 24 Global’s John Brian McLane Jr. has pled guilty to tax fraud. Following an IRS investigation, the DOJ filed charges against McLane in June 2022. As per a June 21st “information” filing, McLane made just over a million dollars in 2019, which he failed to pay $417,481 in taxes on. In addition to income …
Mindset 24 Global’s John McLane Jr. pleads guilty to tax fraud Read More »
Vortic United has received a pyramid scheme fraud warning from Russia. As per the Central Bank of Russia’s February 20th notice, Vortic United exhibits “signs of a financial pyramid”. Vortic United is a Boris CEO Ponzi scheme headed up by Jensen Robles. The cryptocurrency scam pitches daily returns of up to 1.8% a day. Boris …
Vortic United pyramid scheme warning from Russia Read More »
Riway has been outed as a client of the Eliminalia reputation management agency. Leaked documents reveal Riway’s Taiwanese subsidiary paid Eliminalia €370,000 EUR to bury Placenta Purtier health warnings. Eliminalia is notoriously known for their blackhat approach to “erasing” their client’s past. Riway was outed as an Eliminalia client via a leaked documents obtained by …
Riway paid Eliminalia ~€370K to hide Purtier Placenta warnings Read More »
There have been rumblings that OmegaPro’s collapse is tied to The Traders Domain, a non-MLM Ponzi scheme that also collapsed in late 2022. The implication being that OmegaPro investor funds were commingled into The Traders Domain, which was running its own Ponzi. I haven’t been able to verify anything, and I still can’t – at …
Was OmegaPro tied to collapsed The Traders Domain Ponzi? Read More »