Swapnex exit-scam complete, website pulled & COTP blamed?

After four days of waiting for “number to go up”, the scammers behind Swapnex have given up and pulled the plug. I’m not sure why, but they’re also trying to pin the blame on COTP. Earlier today Swapnex advised investors it was disabling daily returns calculations. Unfortunately, we have to temporarily stop accepting new orders […]

My Trader Coin & Now Mining securities fraud fines in Arizona

My Trader Coin, Now Mining and the scammers behind it have been fined for securities fraud by Arizona’s Corporation Commission. Back in 2020 (and unbeknownst to BehindMLM until today), the ACC filed a cease and desist application seeking restitution and administrative penalties. Named defendants in the ACC’s application are: My Trader Coin – a $550 […]

Xifra Ponzi collapses, rebooted as Decentra & fleeing to Dubai

Xifra Lifestyle has collapsed. Investors report withdrawals problems beginning late April. Now the Ponzi scheme is purportedly gearing up to reboot as Decentra. As reviewed here on BehindMLM, Xifra Lifestyle was a simple 200% ROI Ponzi scheme. The scam was run by Brazilian national Jonathan Sifuentes, who is believed to have ties to Mexico and the […]

Xifra Lifestyle fined $49,321 for securities fraud in Mexico

Xifra Lifestyle has been fined $985,820 MXN for securities fraud violations in Mexico. Xifra Lifestyle is a 200% ROI Ponzi scheme run by Brazilian national Jonathan Sifuentes (aka Jonathan Yelemian Sifuentes Saucedo). Xifra Lifestyle’s regulatory problems in Mexico began last September, with the National Banking and Securities Commission issuing them a securities fraud warning. As […]

My Daily Choice settles Arieyl and “launch team” lawsuits

My Daily Choice, Arieyl and its “launch team” distributors have reached a settlement. The settlement resulted in a stipulation of voluntary dismissal filed on May 17th. On May 18th the court granted the stipulation, bringing My Daily Choice’s lawsuit to an end. My Daily Choice filed suit against Arieyl, Kristen and Travis Butler last year. […]

Spellbound Review: Intention candles?

Spellbound, aka The Spellbound Co, operates in the personal care MLM niche. Spellbound’s website represents the company is based out of the UK… This website and our communications are created for access in the UK. …but no specific corporate address is provided. Spellbound initially launched in late 2020. In mid 2021 the company went through […]

Kalpesh Patel denies HyperOne –> HyperTech relationship

Following his appearance in HyperOne marketing material, Kalpesh Patel has denied any involvement in HyperOne. Patel, one of HyperFund’s and Hyperverse’s top earners, claims HyperOne has nothing to do with Hyperverse. As per a video published by Patel; I just wanted to respond to the HyperOne video that’s been thrown around. All they’re doing is […]

ZetBull pyramid fraud warning from Russia

ZetBull has received a pyramid fraud warning from the Central Bank of Russia. As per the CBR’s May 17th warning, ZetBull exhibits “signs of a financial pyramid”. ZetBull launched late last year and pitches returns of up to 6500%. ZetBull is a Boris CEO Ponzi scheme, originally fronted by actors from Moscow. Over the past […]

ZetBull pyramid fraud warning from Russia

ZetBull has received a pyramid fraud warning from the Central Bank of Russia. As per the CBR’s May 17th warning, ZetBull exhibits “signs of a financial pyramid”. ZetBull launched late last year and pitches returns of up to 6500%. ZetBull is a Boris CEO Ponzi scheme, originally fronted by actors from Moscow. Over the past […]