LuLaRoe hit with second pyramid scheme class-action

A second pyramid scheme class-action has been filed against LuLaRoe. Plaintiff Jessica Ponkey filed suit against LuLaRoe in California on March 24th, 2021. Named defendants in Ponkey’s proposed class-action are LuLaRoe, Lennon Leasing, Mark A. Stidham and DeAnne S. Brady (aka DeAnne Stidham, right with Mark). The lawsuit alleges that […]

James Ward’s APT Ponzi token scheme

Apex Financial operates in the cryptocurrency niche. The company’s website domain is “theapex.app”, which was privately registered on January 12th, 2021. Apex Financial provide a number of executives on their website. The only person who actually seems to exist is James Ward. Rather than disclose ownership of Apex Financial, Ward […]

Michael Faust’s secret Ponzi scheme

Project Lantern has no website or public presence. The company is promoted in secret. The three executives behind Project Lantern are Michael Faust, Chris Thomson and Azli Noor. Michael Faust (right) is a serial promoter of Ponzi schemes. In his Project Lantern corporate bio, this is reduced to 36 years […]

Universal Abundance Review: Video library pyramid scheme

Universal Abundance’s website provides no information about who owns or runs the company. Universal Abundance’s website domain (“universalabundance.co”) was first registered in October 2019. The private registration was last updated on October 9th, 2020. Videos embedded on Universal Abundance’s website are hosted on a YouTube channel named “The Angel of […]

33% a day binance coin Ponzi scheme

BNB33 Club operates in the MLM cryptocurrency niche. The company does provide executive details on its website, however these appear to be stock photos and/or stolen social media photos. This is based on the suspicious looking photos themselves, nothing except names provided, as well as none of the named executives […]

David Rosen’s 2020 gifting scheme reboot

Coop5050 provides no information on its website about who owns or runs the company. Coop5050’s website domain (“coop5050.com”) was first registered in 2018. The private registration was last updated on November 4th, 2020. To suss out who’s behind Coop5050 we have to turn to social media: David T. Rosen first […]

200 day ROI trading Ponzi scheme

BixoTrade operates in the cryptocurrency MLM niche. On its website BixoTrade claims its headed up by CEO Benjamin Gimson. This wasn’t always the case though. On its official YouTube channel, a video uploaded on January 23rd reveals BixoTrade’s original CEO was James Bernard. As above, Bernard is played by an […]

SHA-256 Review: Crypto mining Ponzi scheme

SHA-256 provides no information on its website about who owns or runs the company. SHA-256’s website domain (“sha-256.io”) was privately registered on October 5th, 2020. SHA-256’s official Facebook page is being managed from Bangladesh and the Philippines. Not sure about the Philippines but on SHA-256’s official YouTube channel, the first […]