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

Mizukappa Review: Staking model MLM crypto Ponzi

Oz — Fri, 21 Aug 2026 17:19:46 +0000

Mizukappa fails to provide ownership or executive information on its website. Mizukappa’s website domain (“mizukappa.io”), was privately registered May 31st, 2026. As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. Mizukappa’s Products Mizukappa has no retailable [Continue reading...]

Source: Mizukappa Review: Staking model MLM crypto Ponzi

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

Polymex Review: AI crypto gambling ruse MLM Ponzi

Oz — Wed, 19 Aug 2026 17:58:28 +0000

Polymex fails to provide ownership or executive information on its website. Polymex’s website domain (“polymex.ai”), was privately registered on April 13th, 2026. Note despite only existing for a few months, Polymex’s marketing falsely represents it was founded in 2022: In an attempt to appear legitimate, Polymex provides Hong Kong company details for Polymex Limited. Due [Continue reading...]

Source: Polymex Review: AI crypto gambling ruse MLM Ponzi

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

Finmexo Review: AI crypto trading bot MLM Ponzi

Oz — Wed, 19 Aug 2026 15:37:14 +0000

Finmexo fails to provide verifiable ownership or executive information on its website. While Finmexo does provide executive details, they are fake names paired with AI-generated images: Finmexo operates from two known website domains: finmexo.net – privately registered February 15th, 2026 finmexo.cc – privately registered April 27th, 2026 As always, if an MLM company is not [Continue reading...]

Source: Finmexo Review: AI crypto trading bot MLM Ponzi

QuenX Review: Crypto trading ruse MLM Ponzi

Oz — Wed, 19 Aug 2026 15:05:19 +0000

QuenX fails to provide ownership or executive information on its website. QuenX’s website domain (“quenex.store”), was privately registered on October 31st, 2025. In an attempt to appear legitimate, QuenX provides a corporate address in the UK on its website. The address belongs to a hotel that has nothing to do with QuenX. Despite only existing [Continue reading...]

Source: QuenX Review: Crypto trading ruse MLM Ponzi

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