Solar Group Review: Another “Russian inventor” Ponzi scheme

Solar Group is an investment themed MLM company based out of Russia. Solar Group also goes by “Duyunov’s Motors”, referencing its founder Dmitry Duyunov. As far as I can tell Duyunov doesn’t have a digital footprint prior to Solar Group surfacing in 2019. He appears to be a random Russian citizen leading the company. Whether that’s […]

Crowd1 restricts withdrawals through “Bonus Security System”

A Ponzi scheme is a zero-sum equation. That is, minor revenue generation aside, it cannot pay out more than is invested. Once you factor in how much the owner wants to keep and other expenses, what’s left to pay out is reduced even further. Crowd1’s latest solution to this problem is the Bonus Security System. […]

Futurion Finance Ponzi collapses, website offline

Futurion Finance has collapsed. The Ponzi scheme’s website is down as of a few days ago. Futurion Finance’s social media channels have also been pulled. Futurion Finance was headed up by co-founder and CEO Michel Courtine. Courtine is based out of France but also regularly travels to Dubai. Futurion Finance represented it was based out […]

CryptoSpot Review: 10% a day USD/crypto Ponzi scheme

CryptoSpot provides no verifiable information on its website about who owns or runs the company. A marketing paragraph identifies “Daniel Hunt” as the owner of the company. This might as well be any name (and probably is), as no further information is provided. CryptoSpot’s website domain (“cryptospot.biz”) was privately registered on January 16th, 2021. Although […]

Artery Network Review: ARTR token Ponzi scheme

Artery Network provides no information on its website about who owns or runs the company. Artery Network’s website domain (“artery.network”) was privately registered on July 7th, 2020. A visit to Artery Network’s website reveals Russian is the default language. Further research reveals this guy hosting Artery Network promotional events on the company’s official YouTube channel: […]

HyperFund under regulatory investigation in India

Local media are reporting HyperFund is under regulatory investigation in India. In a September 18th report, The Economic Times claims agencies responsible to check financial fraud are watching a company called Hyper Fund. Citing unnamed sources, The Economic Times states complaints from disgruntled HyperFund affiliate investors have “started pouring in (from) several states”. India is […]

What’s left of Well Beyond sold off to My Daily Choice

What’s left of Well Beyond has been sold off to My Daily Choice. Both companies, formerly focused on nutritional supplements, have recently dived into securities fraud. As at the time of publication there doesn’t appear to be an official public statement from either Well Beyond or My Daily Choice. Well Beyond owner Jeremy Reynolds held […]

SDK Meta Review: metaZero Cardano privacy phone MLM opp

SDK Meta operate in the cellular phone and service MLM niche. The company is based out of Wyoming and headed up by owner Chris J. Snook. The earliest digital footprint of Snook’s I was able to find was a 2005 San Diego State University paper titled, “Is Network Marketing and Pyramid Selling the same thing? […]

Frank Ricketts’ German OneCoin money laundering trial begins

Frank Ricketts has finally fronted a court in Germany. Ricketts and two other defendants have been charged with OneCoin money laundering offenses. Their criminal trial began earlier today. Frank Ricketts is behind the IMS Marketing Services money laundering empire. Through IMS and a host of related shell companies, prosecutors allege that Ricketts laundered over 320 […]

Scentsy Review: Scented wax fragrances since 2004

Scentsy operates in the candles, essential oils, home care and personal care MLM niches. The company was founded in 2003 in Utah by Kara Egan and Colette Gunnell. After coming across it at a trade show in Utah, current owners Orville and Heidi Thompson purchased Scentsy in 2004. The Thompson’s (right) moved Scentsy to their […]