Category: MLM Schemes

Investor Alert MIrror Trading International crypto forex MLM schemeI
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October 11, 2020

Investor Warning – Crypto-based forex scheme Mirror Trading International

The much criticized Bitcoin-based forex trading MLM scheme Mirror Trading International ("MTI") was established in April 2019 in South Africa by MLM veteran Johann Steynberg. In July 2020 the Texas Financial Services Authority (FSSB) issued a cease-and-desist order against MTI and in August 2020 the South African FSCA issued an investor warning. Allegedly the MTI scheme has more than 140,000 members holding some 17,000 BTC in their trading accounts.
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Crowd1 scheme and legal entitiesR
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October 3, 2020

Request 4 Information – MLM Scheme Crowd1, Billionaires Club, and its regulatory issues

In recent months, the MLM scheme Crowd1 has apparently become the focus of the attention of various financial market supervisory authorities. Especially the regulators in Africa, Asia, and the Pacific region have issued warnings against the alleged Ponzi scheme, which is active in the gaming and financial services. The Scheme is allegedly operated by entities in Sweden, Spain, and Dubai. There is currently no reliable information about the beneficial owners.
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OneCoin Money Laundering scheme powered by Mark Scott and Fenero FundsR
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November 22, 2019

Rise and Fall of a scam lawyer – Convicted OneCoin lawyer Mark S. Scott and the money laundering and bank fraud scheme

Mark S. Scott who was employed between June 2015 and September 2016 as an equity partner at the big US law firm Locke Lord LLP...
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January 27, 2019

OMEGAPRO – Serial Perpetrators Mike Kiefer And Robert Velghe At Work?

The serial rip-off perpetrators Mike KIEFER and Austrian Robert VELGHE will start OMEGAPRO together with their friends on 27 January 2019. The ingredients for this..
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December 24, 2018

Crypto MLM NEXUS GLOBAL – Update On A HYIP Ponzi Scheme

A few days ago, the new NEXUS GLOBAL presentation was shared on Facebook. Reading through it, we found some interesting information. Purportedly, NEXUS GLOBAL is..
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December 17, 2018

Italien CONSOB Bans Sell of Avalon Life’s Green Earth Certificates

Founded by German MLM veterans Thomas GRAF and Tom KOLLER, the Crypto-MLM Schema has reinvented itself several times since its inception in 2016. Initially, it..
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December 15, 2018

ALERT UPDATE: DO NOT INVEST IN THE SMART TRADE COIN ICO!

The SMART TRADE COIN ICO is flooding the crypto web with aggressive ad campaigns.  CCN and Trustnotes, Bitcoin Insider published sponsored marketing material about this..
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November 23, 2018

CRYPTO-MLM OMNIA TECH SUSPENDS CRYPTO-MINING ACTIVITIES

We have reported several times in the past weeks that crypto-mining is currently not profitable due to the low crypto-prices and the still rather high..
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November 21, 2018

INVESTORS WARNING: NEXUS GLOBAL AND ITS PURPORTED ‘MEGA ICO’ COINANALYST

Crypto-MLMs are running out of air in depressed market sentiment with collapsing prices. The capital-intensive crypto mining already produces losses for the “normal” miners. Commission-driven..
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October 24, 2018

ONECOIN: PERHAPS THE BIGGEST CRYPTO PONZI-SCHEME EVER!

There are only rumors about the amount of the total funds invested in the OneCoin/OneLife system. But with this Ponzi-scheme having been active since 2014..
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