What’s left of the Richard Smith’s Tranzact Card to FinMore grift has collapsed. In an e-mail despatched out a number of hours in the past, frontman Peter Rancie “announc[ed] the entire and instant shutdown of TranzactCard and FinMore”. Whereas Rancie (proper) “doesn’t blame” newly launched NeloLife for TranzactCard’s and FinMore’s “errors”, he does state the […]
FinMore collapses, Nelo Life “complete distraction” blamed Read More »
Serial scammer Darren Olayan’s newest grift is a Ponzi scheme run via Disruptive Studio. BehindMLM first got here throughout Disruptive Studio in our Crypto CNL evaluation, revealed again in June. Disruptive Studio was behind artistic designs for a variety of MLM crypto Ponzi schemes, however didn’t appear to be working any itself. Considered one of
Disruptive Studio launches crypto Ponzi with Darren Olayan Read More »
Crypto CNL has collapsed. The scammers behind Crypto CNL have wasted no time rebooting the Ponzi scheme as Houses CNL. In doing so, they’ve additionally inadvertently uncovered a Russian MLM Ponzi manufacturing facility. Crypto CNL was run from the area “cryptocnl.com”, privately registered on November twenty ninth, 2021. Up till someday in late Might Crypto
Crypto CNL rebooted as Homes CNL, Ponzi factory exposed Read More »
Yesterday longtime BehindMLM reader GlimDropper shared a Nui replace with us. By way of Nui Worldwide, Darren Olayan was providing 12 month crypto funding contracts. Following a $595,000 securities fraud nice from Utah in late 2020, Olayan had been laying low. Having deserted his social media in December 2017 as a number of regulators launched
Darren Olayan moves Nui Ponzi scheme to Brazil Read More »
The FTC has issued a minimum of 379 MLM corporations with misleading and/or unfair conduct notices. This was introduced by the FTC on October twenty sixth. If it slipped below your radar, you’re not alone. I realized of the FTC’s announcement through a tip despatched in by a reader. At first I believed there was
FTC sends 379 MLM companies deceptive/unfair conduct notices Read More »
Following non-payment of withdrawals and an efficient collapse, PGI World has made an announcement suggesting they’ll be exit-scamming by way of Kala. That’s the identical Kala shitcoin Nui launched three years in the past. From what I can inform PGI World knowledgeable associates they’d be getting Kala wallets a few month in the past. This
PGI Global collapses, initiates exit-scam through… Nui’s Kala? Read More »
The state of Michigan has issued Darren Olayan a securities fraud stop and desist pertaining to Mintage Mining. Michigan’s discover was issued on April eighth, nonetheless I solely got here throughout it at present as a part of my analysis into Olayan’s $595,000 Utah positive. As per Michigan’s stop and desist; The Administrator’s workers carried
Darren Olayan issued Mintage Mining securities fraud C&D Read More »
The Utah Division of Securities has fined Divvee Social and Darren Olayan $595,000 as a part of a securities fraud settlement. The Utah Div Sec litigation pertains to Divvee Social. This stems from Olayan’s authentic Divvee pyramid scheme, which was rebranded as Nui Social in November 2017. It’s assumed “Divvee Social” is a shell firm,
Darren Olayan fined $595,000 for Divvee securities fraud Read More »
In an try to distance itself… from itself, Darren Olayan has resigned from Nui’s father or mother shell firm Appliqate. Nui’s firm historical past is deliberately convoluted. At current the one factor going for Nui is Nui Worldwide. Nui Worldwide is your typical MLM crypto buying and selling bot Ponzi scheme. The funding scheme isn’t
Olayan to focus on Nui International Ponzi, “leaves” Appliqate Read More »
In a current official R Community advertising video, a “frequent inventory possession” scheme was pitched to potential associates. Neither R Community or their executives are registered with the SEC, which means the supply constitutes securities fraud. The advertising video in query is a part of R Community’s present “90 day consciousness marketing campaign” promotion. The
R Network committing securities fraud thru “stock ownership” Read More »
