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The Central Bank of Sri Lanka has expanded its national list of prohibited pyramid. The updated January 20th, 2025 list now includes Qnet, MTFE and Ledger Block and Ride to Three Freedom. QNet is a long-running Malaysian MLM pyramid scheme that is currently targeting Russia, India, Turkey and Australia (SimilarWeb) MTFE is a collapsed Dubai-based…
Following a November 2024 Status Conference, what’s left of Qyral has been ordered dissolved. As per a January 7th, 2025 court order; The Parties and the Receiver agreed to termination of the receiver’s duties with the exception of the attempted collection of funds by the Receiver from two Qyral service providers and filing his final…
Core Various fails to provide ownership or executive information on its website. Core Various’ website domain (“corevarious.com”), was first registered in May 2023. The private registration was last updated on May 27th, 2024. As of December 2024 SimilarWeb tracked top sources of Core Various website traffic as India (63%, down 89% month on month), Bangladesh…
Trusted Smart Chain fails to provide ownership or executive information on its website. I came across Trusted Smart Chain when an IN8 marketing video linked to in one of BehindMLM’s articles was flagged as deleted. The video was uploaded by Travis Flaherty. To confirm I visited Flaherty’s YouTube channel and found the videos had been…
Seven SAEG Ponzi net-winners have settled with the court-appointed Receiver. As disclosed in the Receiver’s Sixth Report, filed on January 9th; To date, the Receiver identified 10 recipients of false profits totaling $98,713. The Receiver made a demand upon those investors to return the false profits, and to date settled his claim against 7 of…
Two Oris Teams scammers have been arrested in Pune. As reported by Punekar News on January 12th, the arrests were made following a complaint by a “highly educated youth”. The Pimpri-Chinchwad Cyber Police have arrested two individuals in connection with the scam. The accused have been identified as Avinash Singh and Ravi Thakur. Singh’s and…
Earlier this week BehindMLM reported on Brian Shuster’s RICO fraud lawsuit, filed against Josh Denne, his company Blockchain Alliance and Jeremy Roma. In the article we noted Denne had filed an earlier state-level Californian suit against Shuster. Unfortunately California does not provide public access to state-level court filings. A reader has since provided BehindMLM with…
Former CEO and WorldVentures Director Michael Azcue has settled with the Spherature Investments Liquidating Trustee. WorldVentures was a travel-themed MLM pyramid scheme that collapsed through bankruptcy in 2020. Spherature Investments was WorldVentures’ parent company at time of collapse. As part of his duties, the Spherature Investments Trustee sued Azcue (right) in October 2022. As per…
Tupperware’s operations in Belgium have officially collapsed. As reported by HLN on January 13th, Tupperware’s US executives have given the go ahead for bankruptcy proceedings. Tupperware’s Belgium bankruptcy proceedings follows closure of a local factory in Aalst few months ago. Up until bankruptcy approval, Tupperware had not issued a public statement regarding the closure. [US…
Utherverse Inc. and founder Brian Shuster have sued Joshua Denne, Jeremy Roma and Blockchain Alliance. In their January 10th filed suit, Utherverse Inc. and Shuster allege violations of the Racketeer Influenced and Corrupt Organizations Act (RICO). There are nine named defendants in Shuster’s suit; Brian Quinn Joshua Denne Blockchain Funding Inc. (Wyoming) Blockchain Alliance LLC…