BG Wealth Sharing and DSJ Exchange have received a securities fraud warning from Alaska.

As per the Alaska Division of Banking and Securities’ May 26th warning; [Continue reading…]

YepBit has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC).

ASIC added YepBit to its Investor Alert List on March 9th, 2026. [Continue reading…]

Washington’s Department of Financial Institutions (DFPI), has entered a summary order against BG Wealth Sharing and DSJ Exchange.

DFPI’s May 26th order requires both companies to immediately cease and desist further violations of Washington’s Securities Act. [Continue reading…]

Riscoin has received a cease and desist from the Philippine SEC.

The SEC’s May 21st order names Riscoin, Riscoin Exchange, Riscoin Trading, League of Seagull and Seagull Alliance as respondents. [Continue reading…]

BG Wealth Sharing has received a cease and desist order from the Philippine SEC.

The SEC’s May 20th order names BG Wealth Sharing and fictional CEO Stephen Beard as respondents. [Continue reading…]

Utility Warehouse operates in the utilities MLM niche, under parent company Telecom Plus since 2002.

Utility Warehouse is based out of the UK and headed up by CEO Stuart Burnett.

Per Burnett’s Utility Warehouse corporate bio;

Stuart joined Telecom Plus in 2016 as Legal & Compliance Director and then moved on to become Commercial Director, managing all commercial activity, including our key commercial relationships and customer proposition, before becoming COO in 2019.

Stuart became sole CEO in 2024, having been made Co-CEO in 2021, after two years as COO.

Burnett (right) is also the CEO of Telecom Plus, which on its own website claims to be “the UK’s only multi-service provider”.

Why invest in Telecom Plus?

Telecom Plus is a unique UK multi-service provider with a purpose: to stop households wasting time and money on essential services.

We have partnerships with leading suppliers of energy, broadband, mobile and insurance, and a high quality customer base.

This leads to a high growth, predictable, capital-light and cash generative business model supporting a clear capital allocation policy of high returns through dividends supplemented by share buybacks.

Telecom Plus was founded in 1996 and is a publicly traded company in the UK. Outside of Utility Warehouse and Telecom Plus, Burnett was a corporate lawyer.

Other than a fine in 2021 related to customer debt management, neither Utility Warehouse or Telecom Plus have had recent regulatory issues.

Read on for a full review of Telecom Plus’ Utility Warehouse MLM opportunity. [Continue reading…]

The Alberta Securities Commission (ASC) has sent cease and desist notices to BG Wealth Sharing Ponzi promoters.

As announced by ASC on May 25th; [Continue reading…]

A Singaporean Herbalife distributor who tortured his downline to death has been sentenced to 14 years and 11 months in prison. [Continue reading…]

AGPro Quantify fails to provide ownership or executive information on its website.

AGPro Quantify’s website domain (“agproquantify.com”), was privately registered on April 25th, 2026.

Despite existing for about a month, in offsite marketing AGPro Quantify claims it is

located in London, UK, officially commenced operations on October 6, 2025.

This is based on registration of the UK company AGPro Exchange LTD on October 6th, 2025.

Shell companies registered in any country are meaningless due to the ease with which scammers register them with bogus details.

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. [Continue reading…]

The Assumption Parish Sheriff’s Office has issued a BG Wealth Sharing scam warning.

Assumption Parish is a parish located in the US state of Louisiana. Population 21,039 as of the 2020 census. [Continue reading…]