Appointment of a Qyral Receiver has been requested as part of ongoing proceedings between Hanieh Sigari and Darius Banasik. Claiming third-party service providers had declined to comply with a granted Temporary Restraining Order because it was “not specific enough”, Sigari filed a motion requesting the TRO be modified on April 5th. The purpose of this […]
Receiver requested in ongoing Qyral proceedings Read More »
Following the arrest of twenty ProCap Insurance scammers last October, the Philippine SEC noted the Ponzi scheme was still being promoted in the Philippines. Apparently the foregoing [arrests] did not deter ProCap from carrying out its unauthorized investment-taking activities as the EIPD showed another evidence that ProCap is continuously offering/selling its unregistered securities. ProCap had
ProCap issued contempt cease & desist from Philippines Read More »
Following a petition filed by a Pretrial Services Officer, a court has altered Joby Weeks’ release conditions to be “more restrictive”. As per the court’s March 26th order, Weeks (right) will remain released on a $2 million bond, co-signed by Silence and Nathaniel Weeks; is restricted to travelling in Colorado and New Jersey for legal
Joby Weeks’ BitClub Network release conditions restricted Read More »
When a BehindMLM reader reached out requesting a “Sun Money” update to our 2016 Sun Money Network review, I initially thought the company were unrelated. Sun Money Network was a Ponzi scheme pitching investors on monthly returns, purportedly generated via solar electricity generation. Sometime between our 2016 review and Sun Money launching, Sun Money Network
Sun Money Network reboots with crypto Read More »
Internet Income System operates in the marketing MLM niche. The company’s website lists two creators; Jeffrey Long and Chris Record. Long, who typically goes by Jeff Long, first appeared on BehindMLM’s radar as the founder of AutoXTen, a recruitment scheme launched in 2011. AutoXTen collapsed a few months after launch. Long went on to launch SMS
Internet Income System Review: $100/month gifting with upsells Read More »
Agora Advantage operates in the marketing MLM niche. A California corporate address is provided on the company’s website. On said website, Agora Advantage claims to have been in business for “8+ years”. Agora Advantage’s website domain (“agoraadvantage.com”), was first registered in 2015. This tracks with Agora Advantage’s social media account history: Heading up Agora Advantage we
Agora Advantage Review: Selling (outdated?) business solutions Read More »
LumiVitae fails to provide ownership or executive information on its website. LumiVitae’s website domain (“lumivitae.com”), was first registered in 2015. The private registration was last updated on October 13th, 2023. Based on snapshots from the Wayback Machine, it appears LumiVitae’s website went live on or around December 2023. Nuno Nina is mentioned on LumiVitae’s website
€488 EUR hydrogen water bottles Read More »
Debt Box promoter Ryan Bowen has been voluntarily dismissed from the SEC’s case. A stipulation filing also provides clarity on how the SEC intends to handle the case going forward. Specific details as to Bowen’s dismissal aren’t provided. In the filed April 2nd stipulation filing, the SEC states only that as a result of certain
Debt Box promoter Ryan Bowen dismissed from SEC case Read More »
SmartLab fails to provide verifiable ownership or executive information on its website. Supposedly SmartLab is run by founder “Alex Wu”. Whether Wu actually exists is unknown. SmartLab’s website domain (“smartlab.international”), was privately registered on August 8th, 2023. On its website, SmartLab claims to be based out of Vietnam. Where is Smart Lab located? Smart Lab’s
AI trading bot ruse Ponzi scheme Read More »
DexNet operates in the cryptocurrency MLM niche. The company is headed up by founder and CEO Aleksey Kedo. Kedo, who appears to be a Russian national, is known to BehindMLM as a top promoter of Kairos Technologies Ponzi scheme. Following multiple regulatory fraud warnings and regulatory enforcement actions across Europe, Kairos Technologies collapsed in September
Dubai MLM crypto securities fraud Read More »
