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Stephanie Megan Wildes has settled with the Profit Connect Receiver for $90,000. As part of efforts to recover funds laundered through the Profit Connect Ponzi scheme, the Receiver identified $127,188 transferred to Wildes. As per a memorandum accompanying the Receiver’s motion seeking approval of Wildes’ settlement; Upon further investigation, the Receiver learned that the Wildes…
Victims of the Traffic Monsoon Ponzi scheme have been given another 60 days to file a claim. As of the original claim bar date, October 31st, 2024, 660 US and 9205 foreign Traffic Monsoon victims had filed allowed claims topping $45 million. Another 9685 victims who, according to collected data are eligible to file a…
Josip Heit has failed to obtain an injunction against a Singaporean financial blog. As alleged by Heit, the unnamed blog citing Lydian World as a Ponzi scheme was “a serious violation of his personal rights”. The Hamburg Regional Court Heit filed in initially sided with Heit (right). Upon learning of the ruling however, the blog…
Apparently things are so bad at iGenius that executives are turning to former OneCoin Ponzi scammers. Today we take a look at how Be Club is openly raiding iGenius. Our source material is a document titled “Reasons for the move to Be-Club”. The document is authored by former iGenius Director of Global Education, Stefan Kassing….
A few days ago a BehindMLM reader reached out to me regarding a Be Club webinar featuring co-founder Moynul Islam (better known as Moyn). The call, hosted by former iGenius promoter Gianluca Leonardi, appears to be part of an attempt to recruit Leonardi’s iGenius downline into Be Club. Be Club desperately needs an injection of…
Skainet Systems is complaining about “liquidity issues”, which is Ponzi speak for “new investment isn’t covering withdrawals”. Skainet Systems’ solution is to beg investors to take them up on another six month fund freeze, incentivized by a “loyalty bonus”. What happens after the second six-month period? Well here’s the thing… Skainet Systems launched on or…
Colony Global fails to provide ownership or executive information on its website. Colony Global’s official marketing videos feature AI-generated avatars: Colony Global provides a corporate address in Bassano del Grappa, a city in Italy’s northern Veneto region. The address led me to the company Colony Italia SRL, the key principal of which is Roberto Grandis….
Last week BehindMLM reviewed DAO1. Based on a number of data points, we suspected it was yet another reboot of the collapsed GSPartners investment scheme. Today BehindMLM can confirm DAO1 is the fifth GSPartners reboot. The same people tied to GSPartners’ parent company, Gold Standard Corporation (GSB), are running DAO1 behind the scenes. Last November…
CFX Legacy has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC). ASIC added CFX Legacy to its Investor Alert List on December 12th, 2024. [CFX Legacy] is likely to be offering financial services to Australian consumers. It does not hold an Australian financial services licence or Australian credit licence from ASIC, and is not…
Despite the Australian Securities and Investment Commission (ASIC) issuing two fraud warnings, a group of die-hard investors continue to promote Auratus and Billionico. Today we take a look at how Australian investors are violating ASIC’s Auratus and Billionico fraud warnings. Most of the Australian Auratus and Billionico promoters are leftovers from the collapsed GSPartners fraudulent…