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Following an investigation that began in 2016, Norwegian authorities have laid charges against four Crypto 888 Club Ponzi scammers. As reported by DN on February 7th, the accused are: Terje Hvidsten (right), aka Aleksander Romanov – convicted serial fraudster who is already in prison since early 2024 on separate criminal charges Dag Haetta Eriksen, aka…
Etherforce fails to provide ownership or executive information on its website. Etherforce’s website domain (“etherforce.io”), was privately registered on November 9th, 2024. Some registration details are visible, such as the country code for Malaysia. Given the registrant’s organization is “bnbchain” though, the authenticity of the details is questionable. SimilarWeb tracked ~2700 monthly visits to Etherforce’s…
BitConnect founder and wanted fugitive Satish Kumbhani has been tracked to Ahmedabad, a city in the Indian state of Gujurat. As reported by the Economic Times on February 14th; following an investigation into crypto transactions, the Enforcement Directorate was able to seize crypto “assets worth ₹1,646 crore” (~$190 million USD). Kumbhani, 36, will shortly be…
BitHarvest has received a pyramid fraud warning from the Central Bank of Russia (CBR). As per the CBR’s February 14th warning, BitHarvest exhibits “signs of a financial pyramid”. BitHarvest is an MLM crypto Ponzi built around a “USB thumb drive enhances crypto mining hardware” ruse. BitHarvest is run out of Malaysia and fronted by CEO…
DNX Group fails to provide ownership or executive details on its website. DNX Group operates from two known website domains: dnxgroup.com – registered in January 2023, private registration last updated on December 25th, 2024 dnxgroup.online – privately registered on December 27th, 2024 From this we can surmise DNX Group purchased its .COM domain in or…
Swych launched in 2019 and operates in the nutritional supplement MLM niche. Swych operates from two website domains: swych.com – first registered in 2008, private registration last updated on April 29th, 2024 swychlife.com – privately registered on July 2nd, 2020 Heading up Swych we have co-founders Mark and Jeanine McCool (right). BehindMLM first came across…
The Traders Domain civil fraud trial has been scheduled for June 15th, 2026. Other recent updates in the CFTC’s The Traders Domain case include: answers to the CFTC’s Complaint filed by Alejandro Santiestaban, Gabriel Beltran, Holton Buggs, Michael Simms, Archie Rice, John Fortini and Robert Collazo on February 7th; Entry of Default recorded against corporate…
DAO1 has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC). As per ASIC’s February 2nd, 2025 DAO1 warning; [DAO1] 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 authorised by a licensee. Almost all providers…
Convicted iComTech Ponzi scammer David Brend has been sentenced to $195,305 in forfeiture. Following his conviction, Brend (right) was sentenced to ten years in prison in December 2024. At the time of sentencing, the court ordered restitution but specified “the final amount” would be set at a later date. Following a proposed forfeiture order from…
GIG Dece fails to provide verifiable ownership or executive information on its website. While GIG Dece does provide a list of executives, they are fictional names represented by stolen profile photos: BehindMLM came across Gig Dece in our MetaAIBox review from a few days ago. The same scammers are behind both schemes. Interestingly MetaAIBox is…