We will examine the events and actions that contributed to FinMore’s collapse in this post.

What is FinMore?

FinMore identifies itself as a TranzactCard “licensing technology.” On the other hand, there were serious claims that FinMore was little more than TranzactCard reboot to attract new users.

TranzactCard was an international payment card that was available both digitally and physically. Throughout its existence, it had numerous challenges, and in the end, TranzactCard also collapsed. It also committed many blunders throughout that time.

Read: Is Micron Investment Legit?

Peter Rancie Announcement

Co-founder of TranzactCard Peter Rancie sent out an email formally declaring the immediate and total shutdown of FinMore as well as TranzactCard.

The following was released on April 12, 2024, informing people that TranzactCard and FinMore would be shut down completely with immediate effect:

“Federal and state regulatory issues beyond our control” are cited as the main cause of the stoppage.

Read: Primepremiere.amazon Review

Why It Happened?

According to Peter Rancie, the company was irritated by supply delays and the recurring necessity to swap out card issuers and contracted banks.

He attributed the problems to state and federal regulatory agencies, claiming that as a result, they were getting worse.

These problems were especially apparent in TranzactCard’s operations after they lost their US banking services in September 2023 and when they had ongoing crises with their banking partners.

Rancie further suggested that the collapse of FinMore and TranzactCard to fulfill their respective missions was partly due to the Nelo Life launch.

Nelo Life has close ties to FinMore because it is an investing platform that was also started by FinMore marketers.

By claiming that “the incessant noise that surrounds the direct sales industry” is beyond their control, Rancie subtly mocked state and federal regulatory bodies, which caused both TranzactCard and FinMore to close.

Read: Frequense Review

What Next?

It has now been formally announced that TranzactCard itself collapsed and FinMore shut down completely within a few weeks. Previously, it was assumed that TranzactCard had collapsed due to errors and other occurrences in its commercial operations.

To gain additional knowledge about organizations that may collapse in the future and make your online investments more secure, consistently refer to our website’s guides.

Read: Ccspayment Scam Emails and Texts

The post FinMore Collapsed! Announced By Peter Rancie appeared first on Even Insight.

As a result, we will briefly discuss these occurrences that point to the possible collapse of TranzactCard in this post.

TranzactCard Collapsed

A data breach was reported in the corporation in January 2024, following Bangor Bank’s December 2023 denial of its partnership with TranzactCard and TranzactCard’s claim to be Bangor Bank’s new US partner bank.

A person known as “Aleksey_Petrov” was spotted selling 48,000 credit card data that had been submitted to TranzactCard, according to a post from January 28 on BreachForums. But until the BreachForums post, the breach was either unfounded or not mentioned in the media.

This breach included email addresses, user names (DBOs and customers), card details, purchased gift card details, phone numbers, passwords, IP addresses and many more which was really concerning for all TranzactCard users.

Read: Paid Per Letter Review

TranzactCard Hangs DBO Recruitment!

TranzactCard halted hiring new Digital Branch Owners (DBOs) in February 2024. This occurrence served as a clear warning sign that it was about to fail because the halting of DBO recruitments seemed completely nonsensical.

In a statement, TranzactCard informed users that this week’s suspension was due to the launch of a complimentary portfolio of products and services. It doesn’t seem right to disable recruitment in order to add or delete products.

This was the point in time that suggested an indirect collapse, as the majority of MLM businesses always employ some sort of lies to conceal the departure and collapse of their operators rather than collapsing outright.

The ruse that led to TranzactCard’s collapse was the halting of fresh DBO recruitment. TranzactCard’s demise was most likely caused by a decrease in Tranzact recruiting and referral overall.

Read: 7 Tips for Safe Sports Streaming in 2024

TranzactCard Reboot as FinMore

Even after the incidents that pointed to TranzactCard’s collapse, the company’s story didn’t end there. Under a new name and branding, FinMore. TranzactCard joined the market and appeared to be a replica of the TranzactCard business concept.

On the other hand, FinMore was positioned as a third-party company that just partnered with TranzactCard and as having “licencing technology” from TranzactCard.

Given that FinMore and TranzactCard have the same business model, it will be interesting to watch how FinMore develops going forward, given how TranzactCard collapsed and returned as FinMore.

Read: White Van Speaker Scam Reboot!

The post TranzactCard Collapsed! Find Out Why? appeared first on Even Insight.

Nevertheless, there are some alterations this time around in the White Van Speaker fraud, which may indicate that con artists are trying new tricks now that people are aware of the fraud thanks to earlier incidents.

This article will discuss the White Van Speaker Scam, sometimes called the Free Home Stereo System Scam, and explain how to avoid it.

What is a White Van Speaker Scam?

In the past, a con artist would trick a customer into thinking they were receiving a good deal on home entertainment equipment like a stereo system. This tactic was known as the “white van speaker scam.”

Frequently, a con artist will purchase cheap, generic speakers and mislead prospective customers into believing they are high-end items valued at thousands or even hundreds of dollars.

The seller will then offer the speakers for sale at what the customer believes to be a significant discount.

The two main distinctions between the original scam and its reemergence are that the con artists are now approaching with a black van rather than a white one and are giving away home audio systems rather than selling them for a low price.

According to a Redditor, the con begins with some well-dressed con man approaching any random person and telling them he has purchased an additional home sound system and is willing to give it to someone else for free.

The con artist goes on to claim that he received extra ones as a Christmas bonus while working for one of those companies that sell home entertainment systems. The con artist then opens the trunk of his car or the place where he keeps those house stereo systems.

Once he has persuaded the prospective victims that he is giving away a free home audio system, he asks them to sign a lengthy chart to receive the free stereo system. At that point, the fraud begins to take shape.

Read: Office Depot Free Trial Emails

What To Do?

To begin with, you should remember that no one gives you something for free. Second, following the first rule, you should never be afraid to say “no” to someone who approaches you unsolicitedly or offers you something for free.

Furthermore, you should never sign any paperwork without carefully reading it throughout. Doing so could allow scammers to take money from your account, open loans in your name, and charge you many bills even though you haven’t made any purchases.

Finally, we would want to alert our readers to the fact that if a well-dressed somebody in a van approaches you and offers you something for free, you should immediately suspect that this is a scam.

Read: Westpac Text Messages Scam Exposed!

The post White Van Speaker Scam Reboot! appeared first on Even Insight.

As a result, we will examine this fraud operating under the name Cadbury in this post and advise you on how to be safe and aware of it.

Cadbury Easter Egg Chocolate Basket Scam?

Recently, individuals have been receiving messages on WhatsApp purporting to be from Cadbury, informing them that they are eligible for a free Easter chocolate basket hamper from the company.

The text further states that to obtain the complimentary Cadbury chocolate basket, recipients must click on a link in the message. Users who click on the link are redirected to a website that looks similar to Cadbury but isn’t.

Users must provide their financial and personal details on that website to receive a complimentary Easter basket from Cadbury. That information is highly important because scammers can easily take your money with it.

Thus, according to what we’ve investigated, all those WhatsApp messages are fake, spread by con artists under the guise of a free chocolate basket, and have nothing to do with the real Cadbury.

Read: YouTube Digital Residuals Program

How to Spot?

Before anything else, you should be informed that Cadbury is not providing free Easter basket hampers to anyone. Through its social media accounts, Cadbury has provided additional clarification on this.

Therefore, any kind of messages claiming to be from Cadbury offering free hampers should be ignored.

But, since these red flags are present in practically all texts or emails that scammers distribute, you should also educate yourself to spot scam messages of any kind using a few key indicators.

The first telltale sign is that, since the scam communications aren’t from reputable companies, they frequently contain grammatical problems.

Next, since scammers frequently utilize an unprofessional tone, you should always be on the lookout for the tone of messages.

Finally, we advise against clicking on any of the links in the scam text messages on the Cadbury Easter Egg hoax, since they may include malware that could damage your device.

Read: Tropiketo Review

The post Cadbury Easter Egg WhatsApp Scam Exposed! appeared first on Even Insight.

Additionally, we have informed our readers about the frequent involvement of ponzi scheme operators in securities fraud. As a result, a few days ago, the company and many other GSPartners partners were charged with securities fraud in Georgia.

We will examine and briefly discuss the GSPartners securities fine imposed by the Georgia Commissioner of Securities in this post.

What is GSPartners?

GSPartners, often known as GSPro, operates as an online broker providing clients with financial services and a rewards program. Additionally, it once had an affiliate program that allowed all affiliates to access Blockchain Academy.

Blockchain Academy was an educational technology platform that used video content on the internet to teach students about blockchain, digital assets, and cryptocurrency.

Josip Heit is the founder of GSPartners.

Read: SKP Mine Review

History of GSPartners

The GSPartners underwent a rebranding in the middle of 2023 and encountered several difficulties. We also assessed it once it was rebranded as Swiss Valorem Bank. Swiss Valorem Bank served as a shell company for GSPartners.

We also cautioned our viewers about the potential financial losses associated with investing in Swiss Valorem Bank because of its business plan. Several notifications of securities fraud have been sent to GSPartners by several international authorities.

GSPartners changed its name to GSPro while keeping the same services and brand to avoid securities fraud warnings that had occurred in prior years. By then, it was clear that GSPartners had fallen apart, as was almost inevitable.

It closed all US-based GSPartners investor accounts after resetting itself as GSPro. They declared that they would not be providing any services to, transacting business with, or taking money from citizens of those states in the United States.

Read: Equifax Text Messages Scam

GSPartners Securities Fraud

Josep Heit, the owner, and Michael Lynn, the promoter, were fined $500,000 by the Georgia Commissioner of Securities on January 22, 2024. The Georgia Commissioner of Securities issued the fine as part of an emergency cease and desist order.

According to the Georgia Commissioner of Securities, during his investigations, several other people, including the owners and promoters, committed securities fraud in Georgia. Six Respondents are listed in the order:

1. GSPartners Global
2. Josep Heit
3. Wealthbuilders Worldwide
4. Michael Lynn, “El” Dalcoe
5. Eric Tere Muhammad
6. Swiss Valorem Bank

Michael Lynn and Eric Tere Muhammad reside in Georgia. Eric was employed by Wealthbuilders Worldwide, a network of investors affiliated with GSPartners. Michael Lynn served as the company’s top envoy.

According to the Georgia Commissioner of Securities, the respondents are not and have never been registered with the state of Georgia as agents or broker-dealers. Additionally, the commissioner disclosed that MetaCertificates were being sold.

The sales of MetaCertificates fall under the category of unregistered securities sales in Georgia because the respondents never registered as brokers, dealers, or agents. Therefore, there should be an emergency halt with a $500,000 fine.

Read: Wire8 Review

The post Georgian Authority Fined GSPartners for Securities Fraud! appeared first on Even Insight.

Based on recent occurrences, it looks like Trillant, another type of Ponzi scheme has collapsed.

As a result, we will provide you with a brief update on current occurrences in Trillant’s business operations and let you know whether or not it has collapsed.

What is Trillant?

Trillant is an online cryptocurrency platform that lets users stake their money to increase returns on investment by providing a variety of tokens of their own.

In addition to the benefits of its main services, it offers an affiliate program that lets users make even more money.

Reports claim that Trillant is a relaunch of Paraiba World, a Ponzi scam that previously collapsed despite multiple warnings about securities fraud from various agencies.

There is no information about Trillant’s headquarters, however, it is believed that Erich Ely, a German, operates the company and was also involved in Parabia World.

Read: Revolt Review

Trillant Collapsed!

One of Trillant’s recent actions was to disable withdrawals for its customers. An important message was posted by Trillant for its users on December 22, 2023, stating that investors’ ability to withdraw funds had been restricted owing to a “compliance review.”

Trillant’s statement reads as follows:

We are currently undergoing a compliance review due to negative reports in the media.

Our lawyers are working intensively on the matter and are in direct contact with the relevant authorities.

All details are currently being thoroughly examined. As soon as we have the results, we will inform you immediately.

Due to this ongoing legal review, we are temporarily forced to take the following unfortunate steps:

-Deposit of Litecoin or Bitcoin to activate new add-on packages is paused

-Payout of Trillon and Trillon External on XT.com will be paused

-Profits on the staking of Trillant and Add-On and the associated commissions are paused

In their statement, they are attempting to convey that the withdrawal has been temporarily suspended owing to a compliance evaluation, which is the outcome of unfavorable media stories regarding Trillant’s business practices.

Without a doubt, this is really a cover for Trillant’s collapse, and the operators are attempting to use the false “compliance review” justification to exit the company. Indeed, it appears that Trillant has utterly collapsed. 

Read: DailyMines Review

The post Trillant Ponzi Collapsed: What Next? appeared first on Even Insight.

In this post, we’ll go over every incident the TranzactCard has encountered and offer our thoughts on whether it will continue to be legitimate in the future.

What is TranzactCard?

The Tranzact Card is a virtual and physical payment card with international acceptance that features the recognizable Visa bank card emblem. Tranzactcard.com, an online marketplace, powers it.

TranzactCard is a financial services company that sells Visa-branded physical and virtual transaction cards. TranzactCard further states that they are not a bank.

TranzactCard’s president is Richard Smith, and the company is based in the United States.

Read: Macy’s Outlet Store Scam

TranzactCard in Constant Crisis?

Together with Evolve Bank and Trust N.A. and CBW Bank, Solid Financial Technologies also had a part in the acquisition of the Visa cards linked to the TranzactCard.

However, TranzactCard lost its US banking services back in September 2023, and they directly blamed Solid Financial Technologies, its partner. Users’ concerns regarding the business’s long-term viability rose following these setbacks.

Nonetheless, TranzactCard told their consumer about this dilemma and the company’s future in a very straightforward manner. They informed their clients that they were establishing their program with one or more direct community banks and would be moving away from their existing banking platform.

A few months later, there were serious accusations about another issue with the TranzactCard. Customers of TranzactCard have been informed of their cooperation with Bangor Bank. But Bangor Bank declared in December 2023 that they were not working with TranzactCard.

The public and its customers both began to have serious doubts about the company’s dependability as a result of this important misleading statement. To allay any doubts, TranzactCard clarified that Bangor Bank is their “sponsor bank” and not their “partner bank.”

TranzactCard hasn’t defined “sponsor bank” in any further detail. But the co-owner of TranzactCard has provided highly cryptic clarification regarding the term, so in the end, we shall learn the precise definition of “sponsor bank”.

Any passed terminology will be corrected on the corporate end. The correct terminology is Program Sponsor.

In the last few months, TranzactCars has been the target of numerous complaints and problems. MLM experts have labeled the company as a possible MLM scam that will eventually fall apart. However, based on our findings, the likelihood of this occurring is quite low.

We previously discovered positive indicators within the organization and the operators periodically answer to their clients.

Read: Coopinc.com Review

The post What’s Wrong with TranzactCard? Always in Trouble appeared first on Even Insight.

Consequently, based on their recent behavior, it seems that ITP Corp has collapsed and that the operators are fabricating entirely false justifications.

This post will discuss and provide a quick overview of ITP Corp.’s current business operations actions.

ITP Corp Collapsed!

An online platform called ITP Corp states it was established in 2013, offers an affiliate program to its users, and says it leverages cryptocurrencies to maximize user investments.

Intelligent Technology Pioneer Corporation is another name for it.

A few days ago, in November 2023, Apple and Google, respectively, removed the ITP Corp application from their Play and App stores. While Apple immediately removed its application, ITP Corp persisted in trying to resurrect it on the Play Store by presenting fake updates.

It was clear that Google and Apple were working to protect their users from Ponzi scheme apps that had registered themselves by giving fake information. Following the termination of its app, ITP Corp misled its users by claiming that it was updating and doing maintenance.

Following all of these incidents, it became clear that ITP Corp’s collapse was imminent and would occur in the next few days. Furthermore, it appears that ITP Corp’s collapse has begun with the recent halt in their withdrawals, which occurred five days ago.

Read: TV Licensing Email Scam Exposed

ITP Corp Disabled Withdrawals

On November 20, 2023, ITP Corp stopped permitting withdrawals and did not provide users with an official explanation. A short while later, they released a fresh statement titled “Thanksgiving bonus details,” which served to disguise the withdrawal freeze.

Additionally, although they justified disabling withdrawals, they later modified it twice. First, they felt that competitors were illegally attacking their firm online, so they provided their consumers a 72-hour deadline to open withdrawals and also promised their users $100,000.  

As expected, the deadline was fictitious, no user received any payment. Following that fraudulent deadline and pledge, ITP Corp announced that there is be a delay in operations due to the national holiday, Thanksgiving.

After considering all of these justifications, it was clear that the operators were lying, and their ITP Corp had collapsed. This was intended to occur and was also something we had anticipated.

Read: $1 Temu Pallet Scam

The post ITP Corp Collapsed! Withdrawal Disabled appeared first on Even Insight.

As a result, a few authorities have responded to the ITP Corp Ponzi scheme. Google and Apple have both removed their apps from the Play Store and the App Store.

As a result, we will explain the reason behind ITP Corp.’s app shutdown in this post and determine whether it portends the company’s impending collapse.

What is ITP Corp?

ITP Corp, also known as Intelligent Technology Pioneer Corporation, provides its members with an affiliate program and asserts that it uses cryptocurrencies to optimize member investments.

We previously revealed how extremely deceptive ITP Corp’s statements were, and how these false claims and promises of improbable income prospects are drawing in new customers.

Read: Pack.crownroyal.com Review

ITP Corp App Removed by Google & Apple

In an attempt to protect its customers from fraudulent programs that registered themselves by supplying fake details, Apple withdrew the ITP Corp app from its app store in November of 2023. For the same reasons as Apple, Google likewise withdrew its app back in September.

After the removal of their software from the software Store, ITP Corp released the following statement:

To better meet the needs of ITP business development, we hereby upgrade and modernize the IOS system terminal, which we solemnly notify all IOS system terminal users.

When Google pulled their app in September, they released a statement that looked like this:

To provide a better experience for Android users, ITP technical department will carry out a full range of updates and upgrades on the Android OS.

During this period, new Android users should first use the web version.

It is expected that this update will be completed within 10 working days, at that time, ITP will restart the Google Play Store search function again. In this way, if you cause inconvenience, please understand!

ITP Corp made the same kinds of statements both times its app was withdrawn from the Play and App stores, as is clear and visible, stating that the software is merely being halted for maintenance and will be improved shortly.

We must remind our readers that if a company changes its app, users don’t experience any disruptions and may continue to use it normally. When developers release an update, users can upgrade the app as well.

The real reason why Google and Apple withdrew their apps is the illegal aspects of the ITP Corp, so their maintenance justification is completely false.

A cat and mouse game was going on after Google withdrew its app from the Play Store; ITP re-uploaded the software with false but updated details, and Google removed it once more. This cycle continued for a while before coming to an end.

Although it’s not the end of ITP Corp, we conclude that it’s undoubtedly the beginning of it. Right now, it’s only Google and Apple, but in the future, several other agencies, including the government, will start taking action against it, and the operators will have to pack their bags.

Read: Games Crazy Deals Store Scam 

The post ITP Corp App Removed from Play Store & Apple Store appeared first on Even Insight.

We have issued numerous warnings regarding the collapse-prone nature of Ponzi schemes.

As a result, we will provide a summary of recent events that have affected Veqber Guild’s commercial operations and advise its users to get ready for the effects that will follow.

What is Veqber Guild?

Veqber Guild is a De-fi platform that runs from the veqber.com website, and according to that site, its corporate offices are in London, England. Dash Bereford is the CEO of Veqber Guild.

Recently, the Veqber Guild website was completely shut down for a few hours and is now geo-blocked in a number of places. This barring from various internet areas looks to be an effort to elude law enforcement. Many rumors regarding its impending collapse followed this specific event.

Read: BitSports AI Collapsed

Veqber Guild Collapse

Although the Veqber Guild website has been restored, it is still banned in a number of regions in an effort to elude the local authorities. As a result, it doesn’t appear that the website has completely collapsed; rather, it appears that the operators are beginning to exit completely.

Because in many instances, most operators of Ponzi schemes limit withdrawals and provide a justification to consumers in order to conceal the collapse and exit of operators. However, despite the website being back online in this instance, withdrawal problems are still being reported.

Veqber Guild already had a number of warning signs, so it is safe to assume that collapse is imminent—if not today, then at some point in the future. And the current drop in internet traffic and website geo-blocking indicates that it will happen shortly.

Due to the fact that supposedly very few users are able to withdraw funds, we advise all users who have deposited money in Veqber Guild to do so as soon as possible because if it collapses, you will lose all of your money and the operators will flee with the exit.

Read: Jblmall.vip Review

The post Veqber Guild Collapsed! What to do Next? appeared first on Even Insight.