BehindMLM

Aurum investor database sale to Tag Markets abandoned

Oz — Wed, 26 Aug 2026 14:34:36 +0000

A plan to sell off the Aurum Foundation investor database to Tag Markets appears to have fallen through. Aurum was an MLM crypto Ponzi that collapsed last month. The scam, believed to be run by Russians hiding in Dubai: The Russians running Aurum however never fronted the scam. Instead they hid behind CEO Bryan Benson. [Continue reading...]

Source: Aurum investor database sale to Tag Markets abandoned

Profit Connect’s Brent Kovar found guilty on all counts

Oz — Mon, 24 Aug 2026 11:31:30 +0000

Following a jury trial that began on August 11th, Profit Connect founder Brent Carson Kovar has been found guilty on all eighteen counts in his indictment. Profit Connect was an MLM Ponzi scheme launched in 2018. The scheme was originally fronted by Eddie Kona. Kona died in late May 2021. The SEC filed civil fraud [Continue reading...]

Source: Profit Connect’s Brent Kovar found guilty on all counts

Arbcore & One Trade fraud warnings from Australia

Oz — Fri, 21 Aug 2026 08:10:38 +0000

Arbcore and One Trade have received fraud warnings from the Australian Investments and Securities Commission (ASIC). Both fraud warnings were issued on August 19th, with ASIC warning Arbcore and One Trade may be offering or advertising, or may have offered or advertised, financial services to Australian consumers. [They do] not hold an Australian financial services [Continue reading...]

Source: Arbcore & One Trade fraud warnings from Australia

NeoBank Review: One Trade Ponzi scheme collapses

Oz — Thu, 20 Aug 2026 16:51:11 +0000

NeoBank is a reboot of the collapsed One Trade MLM crypto Ponzi scheme. One Trade itself was a reboot of the collapsed Arbcore MLM crypto Ponzi scheme. All three scams are fronted by Evgeny Levin. Levin is part of a group of serial Russian scammers hiding out in Dubai and/or Thailand. One Trade’s collapse began [Continue reading...]

Source: NeoBank Review: One Trade Ponzi scheme collapses

42 QNet human trafficking victims rescued in Nigeria

Oz — Wed, 19 Aug 2026 17:02:13 +0000

Forty-two QNet human trafficking victims have been rescued in Nigeria. The criminal syndicate behind the hostage situation, Timothy Bayi, was arrested following raids in Calabar on August 14th and 15th. As reported by National Accord on August 20th; The syndicate targeted young Nigerians and other nationals with promises of lucrative jobs in countries such as [Continue reading...]

Source: 42 QNet human trafficking victims rescued in Nigeria

Larralde estate & Valcarce Fundsz settlement details

Oz — Mon, 17 Aug 2026 19:54:11 +0000

Following respective settlements between the CFTC and the estate of Rene Larralde and Juan Pablo Valcarce, details have been made public following court approval. The court approved the respective settlements on July 30th, 2026. Both settlements accept allegations made in the CFTC’s original Fundsz Complaint as fact. Both Fundsz defendants acknowledge respective violations of the [Continue reading...]

Source: Larralde estate & Valcarce Fundsz settlement details

Edward Anthony Zimbardi’s CryptoProgram indictment

Oz — Mon, 17 Aug 2026 18:45:07 +0000

Following news of Edward Anthony Zimbardi’s arrest in Fiji and deportation to the US earlier this week, Zimbardi’s CryptoProgram criminal case has been unsealed. Zimbardi, who commonly went by “Ed”, had a criminal complaint filed against him in the Northern District of Georgia on May 6th, 2026. The DOJ’s Zimbardi complaint was accompanied by an [Continue reading...]

Source: Edward Anthony Zimbardi’s CryptoProgram indictment

Hypercodex Review: Romeo Ganit’s AI ruse Ponzi

Oz — Mon, 17 Aug 2026 06:14:40 +0000

Hypercodex fails to provide ownership or executive information on its website. Hypercodex’s website domain (“hypercodex.io”), was privately registered on December 26th, 2025. Two names we can attach to Hypercodex are Micheal [sic] Steven (CMO) and Miguel Angel Lopez (COO). Micheal/Michael Steven’s actual name is Romeo Ganit, aka Mr. RGB. Ganit is a Malaysian serial MLM [Continue reading...]

Source: Hypercodex Review: Romeo Ganit’s AI ruse Ponzi

CryptoProgram’s Ed Zimbardi arrested in Fiji, deported to US

Oz — Mon, 17 Aug 2026 04:50:13 +0000

Edward Anthony Zimbardi has been arrested in Fiji and deported to the US. Zimbardi, who commonly went by “Ed”, is the convicted felon behind the collapsed MLM Ponzi schemes CryptoProgram and Amsys. Amsys collapsed in mid 2023, after which Zimbardi went into hiding. In early 2024 Dutch authorities arrested Zimbardi on money laundering charges. Following [Continue reading...]

Source: CryptoProgram’s Ed Zimbardi arrested in Fiji, deported to US

USDBoom Review: 7USDT Ponzi spinoff

Oz — Sun, 16 Aug 2026 13:21:44 +0000

USDBoom, aka USDTGrowth, fails to provide ownership or executive information on its website. USDBoom’s website domain (“usdboom.net”), was privately registered on July 11th, 2026. I came across USDBoom in researching the 7USDT Ponzi scheme: The post above, in Indonesian and published on July 22nd, is from the official 7USDT Telegram group. The same group of [Continue reading...]

Source: USDBoom Review: 7USDT Ponzi spinoff