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Trading platform fraud, do not invest money here

Crypto Code - Fraud on the whole line

Table of Contents

The share round reports on dubious trading platforms. Crypto Code contacts its customers via e-mail and uses trading software to do so. This should bring the users quick profits. As an example, some early bird users are highlighted on the website who allegedly turned 500 dollars into around 10,000 dollars and, thanks to Crypto Code, paid their student loan in just one year.

There is a 5 minute intro video on the site, where the alleged successes of the system were advertised. William Gardner, who is the alleged inventor of Crypto Code, is also presented. His idea with the supposedly most important development in online trading is even said to have been on the front page of “Time Magazine”. The only problem is, why are there so many indications of scam on the Internet in relation to this page? Why did the Bafin even warn against Crypto Code? We have put together here what exactly is to be made of it.

High profit promises without an exact explanation of the business model

Of course, nobody has anything against high profits and profit opportunities. However, it is very interesting where exactly the investor invests his money and how the business model works exactly. This also applies to so-called HYIP investments. For example, Crypto Code speaks of a trading bot, which is a trading program that is supposed to bring its investors $ 3,283 profit a day.

There is talk of trading in so-called crypto currencies. In the promotional video, alleged accounts of customers are shown, which are obviously a forex trade in connection with fiat currencies. A screenshot is shown that shows an extract from a trading account. It can be seen, however, that information on what is being traded is even completely missing.

The alleged trading program has already been used by previously unmasked fraud sites such as Crypto Trades or Auto Binary EA. For example, users are forwarded to a non-regulated broker called Option888 and also asked to register there and make a deposit there. At the moment, however, there are some experience reports on Options888 that clearly show how investors have completely lost their money in a matter of minutes. The money is by no means invested in trades as allegedly promised, but disappears directly into the operator's pockets. Bafin Options888 has now prohibited any kind of advertising in Germany.

William Gardner, alleged Crypto Code founder, is on loan from Shutterstock

Allegedly, Crypto Code was created by William Gardner. However, the name is a fake, because the image is from the Shutterstock image database. The statements from the testimonials on the site are also fake and come from actors who have already been booked. So different names are always given for the supposed CEO on the different pages of Crypto Code. For example, speaks of an alleged Derrick Simmons as CEO. However, the photo has been used by iStocks.

Fake advertising

Crypto Code obviously advertises that the trading software is one of the most important inventions in online trading. Allegedly, the supposed reason William Gardner is said to have made it onto the front page of Time magazine. This is of course a completely fictional character, as we have already found out.

Added to this is the fact that no issue of Time magazine has ever reported on crypto code at all in recent years. Especially not on the front page, which is why it is clearly a fake statement that is too often found with fraudulent providers.

No information about the company headquarters or contractual partners

If you take a closer look at the websites, or, you will not find any information about where the place of business is and who the actual operator is the platform are.

This type of concealment is already known from various fraud schemes and at the same time a strong indication of a serious fraud. So if the worst comes to the worst, a customer does not know who to turn to. This type of concealment is therefore intended to make it as difficult as possible for law enforcement and supervisory authorities to take action against them.

Crypto code warning by the Bafin

The Bafin in Germany clearly indicates that there is no approval in Germany. For example, Crypto Code may not address customers in German and certainly not with a German website and advertise services in the financial sector. This is an illegal business.


Crypto Code is highly dubious and obviously fraud as well. We can only advise against registering with this provider and also depositing money here. So there is no testable and reliable business model behind it. Users are asked to deposit money with the online broker Options888, which has been exposed several times and is now banned in this country. The money that was then deposited is quickly gone and never to be seen again. The alleged CEOs and the testimonials on the site are clearly fake. The claim with the front page is also a clear fake. The Bafin warns that these are unapproved financial services. There are clearly more serious alternatives for trading Bitcoin and Co.

With which business did OneCoin advertise its investors?

OneCoin advertised its investors with various business models. Among other things, it was pretended that a mining-based cryptocurrency had been created. This should enable reliable financial transactions to be carried out worldwide.

These OneCoins should also transport information that could then also have been used in the industrial sector. This would have resulted in an enormous additional benefit. Income from mining and the increase in value of the OneCoins were promised.

It was also alleged that OneCoins are not listed on the crypto exchanges. Instead, they should be able to be traded on in the One network. Investors could also purchase so-called educational packages and sell them on to others themselves. This should then earn commissions. So all classic MLM network marketing elements. However, the question arises, what became of it and how is it today?

OneCoin - the big scam

At the beginning of 2017, the first doubts arose as to whether OneCoin could be an illegal fraud scheme. Last year it finally turned out that the assumption was correct. In a large-scale operation, various raids took place across the globe. Accounts were frozen and ultimately the founder Ruja Ingnatova was arrested along with various responsible persons.

Thousands of investors were left behind. In any case, it is assumed that around four hundred million dollars in invested money has completely disappeared. The people responsible behind One Coin had knitted together an international network for transfers so that the money could be laundered. As it turned out, it was a large-scale Ponzi scheme from the start and thus developed as a deliberate fraud.

At no time was it really planned to develop a so-called crypto currency and then have it listed on a corresponding crypto exchange. All people who deposited money at One Coin were cheated down the line. In some cases, investors have acquired so-called educational packages with a value between EUR 100 and 118,000.

When did the first doubts arise?

The first doubts in history arose as early as 2016. Then finally in 2017. This is how various reputable financial service providers became aware of OneCoin. There were claims that OneCoin should develop into the cryptocurrency with the second largest market capitalization after Bitcoin in early 2016. There was talk of 120 billion OneCoins in the blockchain, which is why experts then began to take a closer look.

So it didn't take long until the fraud was finally seen through. Then the first news came straight away and the first scam warnings followed. Then it was also shown that no payments were made to the investors, which is why it was already clear at the end of 2016 that it was the Ponzi scheme.

What exactly is a Ponzi scheme?

The so-called Ponzi scheme is a business model that disguises how exactly the returns, some of which are highly promised, are generated. With this model, the returns of the first investors are compensated with the newly deposited money of the new investors.

As a rule, however, a large part of the money disappears in the pockets of those responsible behind the whole thing. As soon as enough new investors can no longer be found to pay into the new model, the business model will collapse. This is also usually the case if too many investors demand their money back all at once.

Ponzi schemes are also illegal. The largest Ponzi scheme to date was run by Bernard Madoff in New York in the 1980s and 1990s. This included investors such as investment funds or well-known foundations, who lost more than 50 billion US dollars as a result. Madoff was later sentenced to 150 years in prison.

OneCoin collapse - it happened as it had to

After there were several indications from investors and warnings from the supervisory authorities in various European countries, Interpol investigated the OneCoin and then closed the European office in the capital of Bulgaria.

In addition, the Central Bank of Samoa (CBS) then stopped all further transactions, which obviously to a not inconsiderable part of the island nation in the Pacific. The Ministry of Planning and Investment in Vietnam officially announced that the OneCoin cryptocurrency was not licensed in Vietnam as claimed by the CEOs, but that these claims were also a clear lie. That would have been just one reason for investors to be appeased. A promised IPO was also not carried out or planned.

OneCoin apparently also had a post box in Belize. From there, too, a clear warning came from the fraud scheme. Ultimately, in April 2018, Ruja Ignatova and 17 other people were arrested in connection with this company in India (Mumbai). The brother Konstantin Ignatov and Sebastian Greenwood, who continued to work in the background on OneCoin and had meanwhile gone into hiding, were finally arrested in early 2018 and early 2019, respectively. The OneCoin website is currently still online in June 2019. As before, no deposits should be made under any circumstances.

Kyäni - serious or new fraud?

For some time now, various wellness and cosmetic items have been sold around the world under the name Kyäni or Kyani via a so-called MLM system or direct sales. For some time now, these products and the associated income opportunities have also been offered in this country.

The company is based in Idaho, USA. Customers can buy Kyäni products and also get started as their own sales partner. There is also the possibility of donating the food packages to poor people in developing countries.

Currently, some negative reports and some scam warnings have prompted us to take a closer look at this provider. Is this a reputable company or is it all bogus?

Kyäni - what exactly is on offer?

A total of three product groups are offered through Kyäni: Triangle of Wellness, Kyöni Fleuresse and Potato Pak.

The Triangle of Wellness is a set of nutritional supplements. Allegedly this is based on the Alaskan blueberry and has a high content of antioxidants. According to the website, the product also contains 20 other ingredients, nutrients and essential vitamins.

The set also includes the Kyäni Sunset. This is said to contain important omega 3 fatty acids from the Alaska wild salmon. There is also Kyäni Nitro, which is supposed to stimulate the metabolic processes in the body. As a result, a better wellness level should be achieved overall.

Kyönis Fleuresse is a cosmetic product or a cosmetic series that is said to be based on a Swiss apple variety. This should help the skin to regenerate more naturally and at the same time to become more resilient. Above all against environmental influences and stressors. How exactly this should work is not explained. The so-called Potato Pak are various nutritional packages that customers want to donate to people in developing countries. It should contain sufficient vitamins, minerals, proteins and other important nutrients and at the same time make up for a complete meal. It is said that millions of Potato Pak servings have been provided to children and other needy people around the world.

Kyäni's MLM system

Kyäni customers are also offered a business opportunity. In this way, they can supposedly secure a high income and more prosperity in the long term. This is of course an MLM distribution system. With this, customers can earn certain QV bonus points by selling Kyäni products. The more products are sold, the higher the ranking at Kyäni and thus the bonus. However, customers first have to invest in a package so that they can participate and then earn money themselves.

The costs for this are:

Kyäni Starter Pack: $ 40

Kyäni Product Pack: $ 299

Kyäni Social Builder Pack: $ 599

Kyäni Social Premium Pack: $ 1299

There are a total of 17 ranking levels. These start with a single member and go up to double black diamond status. The bonus is structured as follows from level 9:

Emerald 5000 USD

Blue Diamond $ 25,000

Purple Diamond $ 100,000

Double Red Diamond $ 500,000

Double Black Diamond $ 1,000,000

At the highest levels, Kyäni shares and additional benefits are also promised.

Recognition by the red cross and Grand Gold Quality Award?

On the Kyäni website, among other things, it is advertised that Kyäni has been awarded the Grand Gold Quality Award by "Monde Selection". This is an internationally renowned organization and is very well known. The Red Cross is also said to have recognized Kyäni for its willingness and ability within the framework of the time, financial support and emergency supply with Potato Paks. This primarily means helping people in need. However, this is not really official and precisely verifiable.

So far no serious and independent tests regarding the ingredients

A Grand Gold Quality Award basically says nothing at first, even if it comes from a rather questionable lobby organization. The recognition of the red cross cannot be checked either, which is why we cannot find any confirmation for it. None of these points can really confirm the actual effect of the products sold.

Anyone who buys or sells these Kyäni products does not know exactly which ingredients or active ingredients are in them. So far there are no official tests or approvals for this. However, it is positive that it is not advertised with healing effects. In that case, this would also be prohibited.

Since there have been no official tests so far, we would also like to withdraw from an evaluation of the effectiveness of the products. However, the products are quite expensive. However, this is not prohibited either. However, there are many other dietary supplements and cosmetic preparations with non-verifiable benefits that are also considerably expensive.

No imprint on the homepage

We couldn't find an imprint on the German side of Kyäni either. If you click on the registration page, then on the terms of use, these conditions will not appear. Both of these do not correspond to the rules applicable in this country in the online area. After all, you want to know where the company you are doing business with is located.

However, the site clearly introduces the founders and leaders of Kyäni. These are Kirk and Jim Hansen and Carl Taylor.The company's headquarters can also be found on the Internet: 1070 River Walk Dr Suite 350, Idaho Falls, ID 83402, USA. There is also a telephone number to be found there.

Kyäni has been on the US market for over 10 years. Evidently the only thing that was neglected during the German expansion was to adapt the site to the German requirements. A mistake that does not necessarily have to be a knockout criterion. This does not have to be an exclusion criterion, especially with regard to seriousness. However, this urgently needs to be corrected, because the identity must not be concealed.

Conclusion and criticism of the Kyäni system

The fact is that the company Kyäni brings consumer products to the market that are also bought regardless of the respective use. The products are quite expensive, but everyone has to evaluate this differently.

Kyäni is a classic direct sales system with MLM elements. However, one cannot speak of a Ponzi scheme or pyramid scheme here. However, there is some evidence on the Internet that the Kyäni sellers only received an average of around 3600 USD a year as a bonus. However, this information could not be checked either.

Wealth is unlikely to be achieved with the distribution of Kyäni. This is reported by many independent voices on the net.

Since the appearance on the German market still seems quite unprofessional and the page is rather poorly translated, one could definitely doubt the management of the company. The incomplete information in particular raises several doubts. We therefore do not want to make a direct recommendation to invest in Kyäni.

In short: low commissions, which are also paid out, expensive products without a clearly confirmed benefit and an unprofessional expansion course to Europe make us doubt Kyäni's business model. Especially with regard to a business model with solid additional income, this seems a bit questionable to us at first.

21 Coinworld - not serious!

On 21 Coinworld's own website, the company claims to be the largest and most successful mining pool in Europe. When mining, the customer is provided with computing power with modern mining computers. According to their own information, 21 Coinworld is rewarded daily by the blockchain transactions with Bitcoins if they confirm them. The company also states that these mining facilities are currently located in "Central Europe" and are operated there with "renewable energy from hydropower". This keeps the “CO2 footprint” as low as possible.

21 Coinworld lures investors with the promise of getting a share of daily profits when they join the 21 community. If you register here, you have to pay a one-time "registration fee" of € 99. Anyone who then buys shares of the "mining hardware" can then also secure daily income from mining in the form of BTC / ETH credits.

At 21 Coinworld, these investments should run for a full 2,000 days. This is the equivalent of 5 years and almost 6 months. With a one-time payment of € 250, the customer should then bring in daily income of € 0.47. This already includes the deduction of 0.00005 BTC per day. If you extrapolate this over a year, the customer would then get a return of around 146%. This list reads very well, but is that also true?

Where is the headquarters of 21 Coinworld and where are the mining facilities located?

Anyone who takes a closer look at 21 Coinworld will quickly be puzzled. Because on various websites it is written that the headquarters of the company is in Dubai. If you then visit the website of 21 Coinworld at, you will find a completely different address in the imprint. This sounds like:

21C LIMITED, 31 / F, Chinacham Century Tower, 178 Gloucester, Road, Wanchai, Hong Kong.

Has the company moved and "forgot" to tell them?

At 21 Coinworld, contact can only be made using the email contact form. On the website one looks in vain for a telephone number, the name of the person responsible for the website or for information on registering a company. The website also conceals where exactly the mining farms are supposed to be. If you believe Fintelegram, then the Austrian Albert Hinterdorfer is behind it, because he is known for such meshes.

Critical voices on the net

Critical voices can be found on several websites on the Internet who express their views on 21 Coinworld due to bad experiences. These state that the investors are not "sold" the income from Kyyptomining, but rather the shares in the "company profit" are sold in the case of the promised income. This is similar to the participation certificate model. That would not be problematic in itself, but 21 Coinworld continues to remain silent about which of the systems are operated where. Likewise, neither the company figures nor the profits are published. According to the KWG, such debt instruments are transactions that require a license and therefore, at least for German customers, approval from the Federal Financial Supervisory Authority would have to be obtained. In addition, a prospectus would then be required. However, neither the approval of the BaFin nor a published prospectus in which information is given about the risks associated with the investment are available. Likewise, you will look in vain for risk information on the company's website. Thus, 21 Coinworld works completely unregulated. Investors cannot, as prescribed, access annual reports or other company figures in order to be able to check the extent to which the company is developing and thus to be able to assess the opportunities and risks.

In 2018, reports also came out that 21 Coinworld had stopped monthly payouts because there was an annual profit distribution. Payouts that have taken place to date should be viewed by the customer as a "gift". This confuses investors because this “strategy” doesn't sound like there is solid financial management behind 21 Coinworld.


Due to all these opaque facts, we at do not want to give a recommendation to invest money in 21 Coinworld. The reason for this is not that it would not be possible not to make any money with cryptomining, but because of the almost completely non-transparent way this company works.

There is no company name, but companies are promised profits here. The corporate and profit development is incomprehensible to investors. There are also no BaFin regulations that would have to be in place for a participation certificate model.

However, it is very common to call itself a DAO (Decentralized Antonomous Oganization), which translates as a decentralized organization without central responsibility to spend in the crypto area with Ponzi schemes, but the company is thus not of its legal obligation to investors and Authorities released.

The investor cannot find a clear description of where these mining farms are supposed to be. However, this is a very important point for investors, because this is the only way to also check the risks with regard to electricity consumption and the legal framework.

OneCoin is cheating on investors

The company OneCoin presented several business models with which they wanted to attract customers. Investors were led to believe that OneCoin would create its own mining-based cryptocurrencies, which could then be introduced into reliable global financial transactions.

The OneCoins should also be able to transport information, which would have made it possible to use them in the industrial sector and would have resulted in considerable additional benefits. Income from mining and an increase in the value of the OneCoin were also promised.

It was also claimed that these coins should not only be listed on the crypto exchanges, but could also be traded via and thus in the One network. Investors could also buy so-called educational packages, which they could then have sold to other investors in order to earn commissions in OneCoins. These are therefore classic elements of MLM / network marketing. But did anything come of this and what is the situation today?

The big OneCoin scam

At the beginning of 2017, the first doubts arose as to whether OneCoin was not an illegal scam. At the end of the year, it was certain that these assumptions would actually come true. There were raids almost all over the globe, accounts were frozen and there were arrests like those of the founder Ruja Ingnatova and many other responsible persons.

Thousands of investors were left behind. It is believed that there was a total of about four hundred million dollars in invested money. For this purpose, OneCoin had created an internationally advocated network for transfers that were then “washed in” the money in order to then use and spend it for their own purposes. It turned out in the course of the negotiations that OneCoin had a very large-scale Ponzi scheme from the start and that the deliberate fraud could then be determined from it.

There was no planning of the heralded cryptocurrencies that were to be developed and then listed on the crypto evil. The investors who deposited money with OneCoin and thus acquired so-called "educational packages" were simply tricked. These packages had a value of € 100 to € 118,000.

When did the first doubts arise?

The first doubts arose in 2016, but they finally stood at the beginning of 2017. Various reputable financial service providers became aware of OneCoin. The claims of OneCoin on the company's website were such as "OneCoin will become the second largest market capitalization cryptocurrency after Bitcoin in 2016". There was then talk of 12 billion OneCoins in the blockchain. The experts then took a closer look through this statement.

The fraud was then seen through very quickly. The first news as well as specific scam warnings went out immediately. At the end of 2016, after it was determined that the investors were not receiving any payouts, it was already clear that it was the Ponzi scheme.

What is the Ponzi Scheme?

The Ponzi scheme is a business model in which it is not clear to investors how the promised returns will be generated. The returns of the previous investors are paid for with the newly deposited money from new investors.

A very large part of the money earned then usually disappears into the pockets of those responsible. If it is no longer possible to attract enough new investors to pay into this business model, or if many “old” investors want their money back, then this model collapses like a house of cards.

Because of this, the Ponzi schemes are also illegal. Bernard Madoff ran the largest Ponzi scheme in New York in the 1980s and 1990s. Investors, including mutual funds and well-known foundations, lost over $ 50 million in this fraud. Madoff was then convicted and sentenced to 150 years in prison.

The collapse of OneCoin - just as it had to come

Investors had given tips and the supervisory authorities from various European countries had issued warnings. Interpol then investigated the OneCoin. The European office in the Bulgarian capital Sofia was then closed.

In Samos (SBD) the central bank stopped all further transactions. Apparently these ran mostly over the island nation in the Pacific. Officially, the Vietnam Ministry of Planning and Investment announced that the CEO's claim that the OneCoin cryptocurrency is licensed is not true and will not take place, but that it was all a big hoax to appease the angry investors. It was the same with the promised “IPO”.

In Belize, the OneCoin company apparently had a mailbox, but there were clear warnings that it was fraud. In 2018, Ruja Ignatova and 17 other people connected to the company were finally arrested in Mumbai, India. Ruja Ignatova's brothers Konstantin Ignatov and Sebastian Greeenwood were arrested in 2018 and early 2019, respectively. They had worked in the background of OneCoin and had meanwhile gone into hiding. At the current time (06/1029) the OneCoin website is still online. Under no circumstances should any deposits be made on this site.

Kyäni - is this legitimate or another MLM scam?

Wellness and cosmetic products under the name Kyani or Kyäni are sold worldwide via the MLM system or direct sales. Both the products and the opportunities to earn money have also been offered in this country for some time.

The company is based in Idaho, USA. Customers can either join as a sales partner themselves or just buy the products. As a customer, you also have the opportunity to donate food parcels for poor people in developing countries.

However, there are various negative reports as well as scam advertising on the Internet that have prompted us to take a closer look at the company and the provider. Is Kyäni a legitimate company or is this a scam?

Kyäni - what exactly is on offer?

The company offers three product groups: the Triangle of Wellness, Lyöni Fleuresse and the Potato Pak.

The product called "Triangle of Wellness" is a nutritional supplement set that is said to be based on the Alaskan blueberry, which is high in antioxidants. According to the website, this series also contains 20 other “ingredients and nutrients” as well as “essential vitamins”.

The set also contains the "Kyäni Sunset", which is said to contain omega-3 fatty acids from wild Alaskan salmon. The metabolic processes in the body are stimulated with "Kyäni Nitro". Because of this, people should be able to achieve a significantly better wellness level.

Under the name "Kyönis Fleuresse" is supposed to hide a cosmetic series. This is said to have its basis in a Swiss apple variety. This should help the skin to regenerate better and faster, but above all more naturally, and thus make it more resistant to environmental influences and "stressors". However, it does not explain how exactly this principle should work.

The "Potato Pak" are nutritional packages. These can then be donated by Kyäni's customers to people in developing countries. These packages are said to contain many vitamins, proteins, minerals as well as other important nutrients for the human body. Complete meals are also included in this package. Kyäni touts that these packages have benefited millions of children and those in need around the world.

Kyäni's MLM system

In addition to its products, Kyäni also offers its customers the opportunity to earn a high income with the company and thus to be able to afford improved prosperity. Kyäni's distribution system is called MLM. Customers collect bonus points when they sell Kyäni products. The bonuses increase the more products the customer / employee sells. It also rises in the ranking at Kyäni. In order to be able to participate, the customer must first invest in a package. Only then can he earn money himself. We have listed the costs here:

  • Kyäni Starter Pack: $ 40.00
  • Kyäni Product Pack: $ 299.00
  • Kyäni Social Builder Pack: $ 599.00
  • Kyäni Social Premium Pack: $ 1,299.00

The customer can achieve 17 ranking levels at Kyäni. These range from a simple membrane to a double black diamond status. We have also listed the bonus here, which amounts to annually from the ninth level:

  • Emerald $ 5,000
  • Blue Diamond $ 25,000
  • Purple Diamond $ 100,000
  • Double Red Diamond $ 500,000
  • Double Black Diamond $ 1,000,000

At the highest level, called “Shares”, the customer is promised further benefits.

Grand Gold Quality Award and recognition by the Red Cross?

Kyäni advertises on its website that the company has been awarded the Grand Gold Quality Awars by the Monde Selection, an internationally renowned organization.The Red Cross is also said to have "recognized" Kyäni for the willingness and ability, as well as time and financial support and emergency care with the "Potato Pak". With this you support people in need. However, both awards are not official and cannot be verified.

No independent and reputable tests on the ingredients

We do not find any real effect of the products sold. Neither through the Grand Gold Quality Award, nor through the "recognition" from the International Red Cross. However, we also see the lobby organization that gave the company the award as questionable.

Nobody knows what ingredients and active ingredients are actually in Kyäni's products, neither the customer nor the seller. So far there are no official tests or approvals. However, it is not advertised with healing effects, because that would be punishable and is prohibited.

Due to the lack of official tests, we do not want to give a rating on whether the products really work or not. However, at this point it must be clearly stated that these products are already expensive. But that's not forbidden either. There are many nutritional supplements and cosmetic preparations on the market, all of which have dubious benefits and are significantly overpriced.

No imprint on the website

Unfortunately, we cannot find an imprint on Kyäni's German website. If you want to register and then want to view the terms of use, you will find that you will not find them. In this country, however, this does not correspond to the applicable rules and usages. After all, you want to know where the business partner is based and who he is.

However, the website introduces the founders and leaders of Kyäni. These are Kirk and Jim Hanson as well as Carl Tylor. Information on the company's headquarters can also be found on the Internet: 1070 River Walk Dr Suite 350, Idaho Falls, ID 83402, USA. However, there is no phone number to be found there either.

Kyäni has been on the US market for 10 years. We assume that the only thing that has been neglected is to adapt the website to the local requirements during the current expansion on the German market. In the assessment, this does not have to be an exclusion criterion with regard to the issue of seriousness, but this should be corrected. The identity is expressly not disguised here.

Conclusion and criticism of the Kyäni business system

The company brings "consumer products" to the market. The real benefit has not been proven, but the products are still bought. The products are expensive and this also has to be rated relatively.

The system Kyäni uses is a classic direct sales system with MLM elements. However, this cannot be referred to as a snowball or ponzi scheme. However, we have found evidence on the Internet that 80% of salespeople who work at Kyäni only receive an average of no more than $ 3,600 a year as bonuses. Unfortunately, we were unable to verify this information.

Many people have reported on the internet that it is not possible to get rich selling Kyäni's products.

On the European market, the company looks very unprofessional, the website is poorly translated and the incomplete information raises doubts about the quality of the management. Because of this, we do not want to make a recommendation that it makes sense to invest in Kyäni.

Short: The low commissions are paid out, the products are quite expensive and the benefits as well as the unprofessional expansion in Europe give us at no time a reason to assess Kyäni as a recommendable solid business model for an additional income and an investment.

Dubious trading platforms, not all are serious

Dubious providers lure consumers with high profit prospects to dubious trading platforms. The Federal Criminal Police Office, Bafin and consumer advocates are warning of a new financial fraud scheme. By Wolf Brandes, guest author for € uro am Sonntag

On websites like, successful traders present themselves relaxed with their arms crossed behind their heads, leaning back, relaxed, looking at three monitors. There it is advertised with "real-time trades - uncomplicated payouts". "Free of charge and in less than 2 minutes" should be there with a few clicks to open an account. However, caution is advised here. If you do not cancel your registration with such a dubious trading platform, there is a risk that you will become a victim of a new, systematic Internet fraud scheme. Very few customers report that the money has been paid out, because the money used almost always stays with the supposed broker.

There are always particularly lucrative investment opportunities for investors on the Internet. These are almost always pages where quick money is promised. The websites are made lavishly and many people then tell their personal success story. It is not uncommon for prominent names or logos from well-known media to be used to simulate seriousness for future investors. The internet pages of the trading platforms are very well made, both optically and technically. This is exactly what makes it so difficult for investors to distinguish a reputable provider from a fraudster.

In the end, there is almost always a total loss for investors

Due to the steadily increasing number of complaints about such online trading websites, consumer advocates are sounding the alarm more and more often. The operators are currently focusing on two asset classes: on the one hand, Forex trading and, on the other hand, so-called financial differential contracts (CFD). In the second variant, investors speculate on the development of the price of a certain base value, as is the case, for example, with a share or cryptocurrency. Forex trading is based on changes in exchange rates. It doesn't matter which of the two methods you choose, both are highly speculative deals per se. Even if these are reputable service providers who do not want to lose the money they invest because they cannot afford it, should refrain from both variants.

The market watchdog experts at the consumer advice center in Hessen have estimated that this phenomenon of rampant dubious online trading is the gray capital market 2.0. There were nationwide cases that were evaluated. In the gray capital market, it is no longer about the classic investments such as containers or wind turbines, nowadays it is about such abstract products as CFD. In view of the many dubious online trading platforms that offer investment products such as CFD, the Federal Criminal Police Office is also concerned.

Consumers report in various complaints about online trading on the trading platforms that they have already lost a lot of money here. The chances of winning on such fraudulent online sites are not only extremely bad, they are completely zero. Most investors on such sites see a total loss of their invested capital at the end of the calculation. According to consumer advocates, there have been investors who have lost up to € 70,000. If you add everything up, you get an amount in the three-digit million range. So far no exact figures are available. There are now complaints from more than 50 different platforms to the market watchdog experts at the consumer center in Hesse.

Due to the many procedures described by investors, we now know that the operators of the online trading sites act in a similar way. First of all, the operators require start-up capital of often 250 euros or dollars. However, the online retailers do not explain to the investor how this investment works. According to reports from users, many have initially made very high profits. Then a “personal broker” convinced them to increase the stake in order to achieve even higher profits. But the problems start when a higher amount is deposited into the trading platform's account. Often the brokers are then no longer available and the payment of the earned credit is delayed. However, there are also providers who telephone an investor who wants to get out.

Consumers look in vain for a correct imprint on most platforms. If you check the Internet domains once, it quickly becomes clear that there are other people behind most platforms. It has been proven that the funds are transferred from the provider to a wide variety of accounts abroad, the operator of the trading platforms changes very often and whoever searches for the addresses will often end up at an offshore mailbox address. This means that the consumer no longer has any chance of getting his money in any way. Both the supervision and the police report in their statements that one of the employees of the trading platform often contacts the customer a little later after registering. Both the BKA and Bafin report that the caller pretends to be a competent financial broker who can look back on years of experience. As a result, he often tricked new customers into trusting them. However, there are also particularly brazen scams according to the latest findings of the investigators that the investor can see his alleged account balance online. If he does this, the trading platform uses fraudulent software to show him no account movements and high profits.

The platform operators are flexible and resourceful

According to the BKA and Bafin, the money that the investor pays in is never used as an investment. Both the trading platform and the supposed customer accounts are fake. But the authorities also have tips for investors on how to protect themselves from such machinations. It is very important that you as an investor categorically decline calls in connection with such investment offers. You should avoid any phone call or consultation with a stranger and not get involved. You should also exercise caution with alleged offers of help. There are a large number of scammers who pretend to be a holy "Samaritan" with their customers who have acquired them and then want to support you.

However, the authorities not only warn against dubious offers, they also try to stem the flood of dubious trading offers. As with option888, there are individual cases in which either the company itself or the entire range of products on offer is being pursued. The marketing, distribution and sale of binary options to private customers has been prohibited since 2018. Unfortunately, it must be noted at this point that the operators of such platforms are very flexible. There are providers who, due to the ban on binary options by Bafin and the European Securities and Markets Authority ESMA, are now simply switching to CFD and Forex trading. In some cases, the same provider names are used, only the "decoy" was exchanged.

Dubious trading platforms listed

  • 1 Hourinve Review
  • 24 Pay Gold Review - Shady Platform Exposed!
  • net Review - Scam!
  • 24Swiftoption Review
  • 365Markets Review
  • 600 Bitcoin Review (
  • 8CoinMarket Review - A Deceptive Broker?
  • cloud review
  • Ace Crypto Trade Review
  • AdsOk Review - Not PAYING! Widespread HYIP Scam !!
  • Advolix Review
  • io review
  • Agro Power Review (
  • AiMiner Review
  • AirBit Club (BitBackOffice) Review - Deceitful Ponzi Scheme Hybrid
  • biz review
  • Alpha Intelect Review (
  • bid Review - Legit exchange or SCAM?
  • Arbitrage Coins Review - Is Scam?
  • Asia Dev INC ( Review
  • com Review: Scam or Legit?
  • Biz review
  • ASICTrader Review - A Potential Scam?
  • Atlas Project (Quantum) Review
  • Atomic Horizons - Yet Another Busted HYIP Scheme
  • Avoid Coinrrency Miners Anonymous Ponzi Scheme!
  • Babultr Review
  • Banc de Crypto Review - Legit Investment Fund or Scam?
  • Company Review
  • BetaCrypto Review - Scam or Legit?
  • Billion Funds Review - Fake FX and Cryptocurrency Brokerage
  • cc review
  • Bit Earn Review ( - SCAM
  • Bit ICO Community AKA Review
  • Bit Train Review ( - Pyramid Scheme
  • BitB Pro Review - is a SCAM
  • club review
  • BitChair Review - Deceptive Bitcoin Mining Ponzi Scheme!
  • biz Review - Scam Warning
  • Bitclub Advantage Academy Review - Diverse Crypto Solution or Deceptive Investment Scheme?
  • BitClub Network Review - Legit Mining or SCAM?
  • Bitcoin / BTCNewsTrader Review
  • Bitcoin Citadel Investment - Moronic Investment Scheme!
  • Bitcoin Code Review - SCAM OR LEGIT?!?
  • Bitcoin Doubler Review - SCAM Warning!
  • Bitcoin Forever Review (
  • Bitcoin Generator ( Review
  • Bitcoin Generator (BTCGen.Pro) Scam Review
  • Bitcoin Giants Review - Legit Crypto Platform or Scam?
  • Bitcoin Loophole is a SCAM; Indisputable Review!
  • Bitcoin Miracle Guide Review - Bitcoin Doubling Scam!
  • Bitcoin Multiply Times Review - Legit Doubler or SCAM?
  • Bitcoin Revolution Review
  • Review
  • Bitcoin Finder Review - Can You Trust This Mining Operation?
  • Review
  • Review
  • work review
  • us review
  • site review
  • tk Review - Scam Exposed!
  • net Review - Fake Bitcoin Trading / Mining
  • net review
  • eu - Yet Another HYIP Scam
  • Bitcoins Wealth Club is a SCAM! (Honest Review)
  • BitcoinSolve Review - Embarrassing Ponzi Scheme Exposed
  • pw review
  • Online Review - Duplicate Bitcoin Scam!
  • org Review - Too Many Question Marks & Complaints!
  • net Ponzi Scheme - Multiple Scams Detected!
  • co Review - to Ponzi or Not to Ponzi ...
  • com Review - Avoid this Scam!
  • BitDetector Review - HYIP Ponzi Scheme At Large!
  • io review
  • com review
  • BitEden Review - Ran by Thieves! Scam Alert !!
  • BitElitum Review
  • ltd review
  • Biz Review - Ignorant Ponzi Scheme Revealed!
  • Pro Review - BEWARE! Scammers Are Back!
  • BitHashKey Review - Credible Exchange or Untrustworthy Investment Endeavor?
  • io - Your Typical Cloud Mining HYIP / Ponzi Scheme
  • org Review - Another Crypto Ponzi SCAM!
  • BitMiner Review - Ponzi Scheme Exposed!
  • com Review - Obvious HYIP at a Closer Look
  • biz Review - HYIP Scam Warning!
  • BlockChain4Profit Scam Exposed! Objective review
  • BoomCurrency Review
  • Boomhash Review
  • Brain Impulse Review - Avoid this HYIP SCAM!
  • Britcoin System Review
  • BTC Binary Review - Obvious Scam
  • BTC Enjoy Review - A Stupid SCAM!
  • BTC Fury Review ( - Fraud!
  • BTC Grand Review - is a Scam!
  • BTC Heritage Review - BTC Heritage is a Scam!
  • BTC Investments Review - A Bitcoin Gifting Pyramid Scheme
  • BTC Miner Ultimate Review - Scam?
  • BTC Pro Miner Review - BitMiner / BTC Miner is a SCAM!
  • BTC Promise Review - Exposed!
  • BTC Robot Review
  • Review
  • Review
  • Review
  • WIN is a SCAM!
  • BTC2Double Review
  • Review - Thieving Bitcoin Scammers!
  • Team Review - Should You Trust This Option Service?
  • BTCKingdom Review - Legit Exchange or SCAM?
  • com Review - HYIP Scam Exposed!
  • io review
  • io review
  • com Review | A Dangerous Scam Eradicated
  • BTCRobo Bitcoin Exchange is a SCAM!
  • biz review
  • Review
  • Review - Deceptive & Corrupt Crypto Brokerage Exposed!
  • com review
  • Caserpay Review
  • Pro review
  • CAT Cryptsy Automatic Trader Review
  • CCG Mining Review
  • Cexhash Review
  • Group Review - Phony Congregation of HYIP Scams!
  • Change BTC Review - is SCAM?
  • Cheapest Doubler Review - Shameless HYIP Scam!
  • Clout Bucks Review - Scam or Not?
  • CMECoins ( Review
  • Coin Arena Trade Review (
  • Coin Stream Limited Review
  • Review
  • CoinBuzz Review - Viral Scam Operation Exposed!
  • IO Review - Avoid This Bitcoin Deposit Trap!
  • Coinezos Review - Swindle Exposed!
  • info Review - Don't Trust This “Bitcoin” Wallet
  • co review
  • Coinmama Review - Legit Bitcoin Exchange or SCAM?
  • info Review - Investor “Scammed out of $ 40,000!”
  • ml review
  • Coinreum Review - Legit Crypto Platform or Ponzi SCAM?
  • Coins 247 Review - A Reliable Crypto Broker?
  • Coinsilo Review
  • CoinStic Review - Legit or Shady Platform?
  • Coinszua Review
  • CoinVus Review
  • CoinXL Review - Ponzi Scheme or Legit Bitcoin Investment?
  • CoinZinc Review
  • com review
  • Constan Traders Review - HYIP Scam
  • com / / Review
  • com Review - Scam or Legit?
  • Crest Coin Options Review - Misleading Ponzi Scheme Blacklisted!
  • Cryp Trade Capital Review - Popular Hedge Fund or SCAM?
  • Crypt 48 Review
  • Crypto 300 Club Review - A Deceptive Scam?
  • Crypto Coin Rankings Review
  • Crypto Currency Institute Review - Misleading Learning Platform is a Bona Fide Scam!
  • Crypto Deal Review - Pyramid Scheme!
  • Crypto Growth Hub Review - Deceptive Bitcoin Doubling Scam!
  • Crypto Kickstarter Review
  • Crypto Mine Ltd Review - Vile Mining Operation Exposed!
  • Crypto Money Maker Review - Bona Fide Crypto Scam Exposed!
  • Crypto Quorum | A Feeble Ponzi Scheme
  • Crypto Trading Farm Review
  • Crypto Wealth Creator Review (Based on Facts ... it's a SCAM!)
  • Crypto World Company Review
  • Crypto World Evolution Review - Canny Crypto Scam or Practical Bitcoin Venture?
  • Review
  • Review
  • CryptoAllDay Review - Reliable Crypto Platform or Scam?
  • CryptoBitTrade Review - Legit Crypto Autotrading or Scam?
  • io Review - Convincing Ponzi Scheme Exposed!
  • ltd review
  • Cryptolux Review
  • biz review
  • Farm Review - Viral Pyramid Scheme!
  • CryptoMining247 Review - Deceptive Bitcoin Mining Scam!
  • Trading Review - Legit Cryptocurrency Trading Bot?
  • com - the Old Auto-trading Scam Strikes Again!
  • CryptoRobot365 Review - Viral Bitcoin Auto Trader Scam!
  • software review
  • Club review
  • CryptoTradeMining Review - Illicit Crypto Investment Hoax!
  • CryptoTrader Review - Fake Bitcoin Robot
  • CryptoXL Review - Can You Trust This Operation?
  • Delta Invest ( is a Scam - Honest Review
  • Demixmine Review - Fake Crypto Mining!
  • biz review
  • Dominant Finance Review
  • Dorrix Review - is a Deceptive Scam
  • Double Bitcoin 24 Hours Review
  • Double Your Bitcoin SCAM (11 Viral Cryptocurrency Doublers in 2018)
  • Review
  • io Review | Avoid this Collapsing Ponzi Scheme
  • Doubler Bitcoin Review - Overblown Fraud Program!
  • Doubly Review - is a Fancy Fraud!
  • DScorpioHack Review - Unethical, Illicit & Vile Operation!
  • Dual Mine Review - A Potential Fraud!
  • DupliTrade Review
  • E & EMining Club Review - Vague Pyramid Scheme or Legit?
  • Eagle Rock Global Review - Is it a SCAM?
  • Easy BTC Doubler Review - An Obvious Fraud!
  • eBitInvest Review
  • io review
  • Elirtex Review
  • EnvoyFx Review
  • Eobot - Flogging the Cloud Mining Horse, and Being Upfront About It
  • biz review
  • Ethereum Code Bot Review
  • me Review - Foolish Ponzi Scheme! Beware!
  • io review
  • net review
  • org Review - Crypto Investing Scam
  • Extra Mining Review (
  • Factual KryptoMachine Review - Bitcoin Scam Exposed!
  • cc review
  • Fast BTC Money Review
  • Fastest Bitcoin Generator Review - Bona Fide Bitcoin Scam!
  • com Review - Bitcoin Cloud Mining SCAM!
  • com Review - More Crypto Cloud mining
  • club review
  • Fin Orion Review - is a Confirmed Fraud!
  • Fin Silk Review
  • FinancePrime Inc ( Review
  • First Options Trading Review - Scam Warning !!
  • Fiscal Investment Review
  • info review
  • Flash Escrow Review
  • biz review
  • biz is a scam! Review with Proof!
  • biz Review - Warning! Ponzi Scheme
  • FurCoins Review - Anonymous Bitcoin Trading Hoax!
  • Future-Bank Review - Viral Crypto Doubling Scam!
  • com / Review
  • FXSoftworks Review - Ignorant Get-Rich-Quick Scam!
  • GDM Finance SARL ( Review
  • com Review - Bitcoin Generator Tool or SCAM?
  • Genesis Mining Review - Avoid ALL Mining Schemes!
  • online review | Bitcoin Doubling Scam Exposed!
  • Giga Watt Scam Warning!
  • GigaHash Bit SCAM - Authoritative Review
  • Glow Coins Review
  • biz review
  • GPU Mining Review - Reliable Mining Solution?
  • biz review
  • Grant Investment AKA Review
  • io review
  • io Review - HashFlare’s reputation is plummeting
  • Hashing24 Mining Review - 100% Verified Scam Exposed
  • info review
  • HashPlanet ( Review
  • io review
  • HashShine Review - Cloud Mining Scam or Legit Venture?
  • Hexabot - Legit or Not? That is THE question ...
  • Hour Just Paid Review - Blatant SCAM!
  • Hour Union Review - Convincing Ponzi Scam!
  • Hourlycoine Review
  • HourPaid Review - Legit Investment or HYIP Scam?
  • Hpx Crypto AKA High Profit Crypto Review (
  • iCoinProSuccess Review - Bitcoin Pyramid Scheme
  • IdealBit Review
  • Impex Services Review - Feeble Crypto Investment Platform
  • Infinite Alliance Limited Review - Definite HYIP Scam!
  • Instant Luno Review - Epitome of Fraud!
  • biz review
  • Internet Coin Exchange Review (
  • biz review
  • InvestmentBeta Review - Scam Alert!
  • Is a HYIP Scam? | MUST READ 2019 Reviews
  • JAFX Review - CFTC Sue's JAFX! MUST READ!
  • Jet Mining Review - A Deceptive SCAM!
  • JoinDeposit Review
  • KanoCKPool Review - is a Rip-off SCAM!
  • KapitalOf / Review
  • Kirkland & Felt Review - Confirmed Scam!
  • Account FX Review - FX Scam Brokerage 2019
  • KryptoFX Review
  • Laser Miner 360 Review
  • online - An HYIP Which is Still Paying?
  • online - Laser Online’s Way of Shedding All ROI Responsibility
  • Laza Company Review
  • Lazur Mining Review (
  • Legion Trade Review - Exposed!
  • LibraCoin Review - Avoid this Ponzi Scheme!
  • Limited Bitcoin Generator Review - Tricky Scam Exposed!
  • Review - Is it Another Scam?
  • cc review
  • LiviaCoins Review - Anonymous Bitcoin Exchange Platform or Scam?
  • LoanBit Review - Bitcoin Lending Ponzi Scheme Exposed!
  • LTCMiner Review - Mediocre Investment Scam!
  • LunoPay Review - Cryptocurrency Investment SCAM!
  • Luxearn Review
  • Luxxis Options Review
  • Magical Bitcoin Review - Magically Effective or Scam?
  • MakeYourBitcoin Review
  • io review
  • Minelend Review - Legit ICO or SCAM?
  • Miner Server ( Review
  • MinerSale Review - Phony Bitcoin Cloud Mining Site!
  • uk review
  • Money Stellar Review
  • Moni Finex Review - Sophisticated SCAM
  • com Scam Exposed - Must Read Factual Review!
  • net Review - Bitcoin Cloud Mining Scam
  • Website Review - Cloud Mining Scam Exposed !!
  • MunsBit Review - Ponzi Scheme Revealed!
  • My Miners Review (
  • Review (World Currency International Limited)
  • MyBitcoinBot Review - Auto Trading Scam
  • co is a SCAM! Unbiased Review
  • MyZyncTech Review
  • Next Coin Market Review - Avoid These Fraudsters
  • Oasis Invest LTD ( Review
  • Obtanix - The Definition of the Pyramid Scheme
  • Ok Bit Hour Review
  • OkuInvest Review
  • Omnia Tech Review - Legit Crypto Mining or Scam?
  • One Atom Review - Scientific Scam
  • cc Review - Unrealistic Cloud Mining Hoax !!
  • Online BTCminer Review
  • com Review - Bogus Mining Farm Exposed!
  • Operate Bitcoin Review
  • Original Crypto Review - Crypto Scam Broker Exposed!
  • Pay Income Review (
  • Paymeron Review - Obvious SCAM!
  • Petro Profit Review - SCAM Exposed!
  • Press Mining Review - A Bold Scam!
  • com Review (Primary Crypto = SCAM!)
  • Prime Coins Trading Review
  • io Review - a Ridiculously Obvious Crypto Scam
  • QoinPro Review - Free Coins - Really?
  • Quantum Hash Review - Cloud Mining Ponzi Scheme
  • Rainy Dollars Review
  • Ripple Code Review - Make $ 7,000 Per Day through Ripple Ad Flipping?
  • Roitek's Review
  • Ruver Gold Review - An Undeniable Scam!
  • Safe-Money.Biz is a SCAM! WARNING!
  • Safely Coins Review - Exaggerated Ponzi SCAM
  • Satoshi Box Review - Trustworthy Bitcoin Marketplace?
  • us review
  • Sierra Hash Review - Suspicious Bitcoin Mining Operation!
  • Signum Trade Review - Blatant Profit Claims!
  • net Review - 100% Fabricated HYIP Scam!
  • Singapore IT Corp Review
  • Sizawe - A Blatant Ponzi, Even at First Glance
  • ltd review
  • io Review (Absurd Ponzi Scheme Unveiled)
  • com Review (It's a SCAM!)
  • co review
  • biz Review - Avoid VIRAL Ponzi Scheme
  • StartMiner Review - HYIP Ponzi Scheme Exposed!
  • Statum Global Review (
  • biz review
  • Successful Innovation Review (
  • Sun Mining Review - Eco-Friendly Cloud Mining or Scam?
  • Website Review - Just Another Cloud Mining Scheme!
  • SW Digital Assets Review - Unraveled
  • SwissBits Review - is a Scam!
  • Table Bitcoin is a SCAM! Honest Review
  • Takicoin Review
  • TCompanyOnline Review
  • Tess Line Review - Smart SCAM Alert!
  • The Billion Coin (TBC) Review - Ridiculous Crypto Scam!
  • The Bitcoin Banc Review - Scam Warning!
  • The Bitcoin Trader Review (
  • The Crypto Circle Review
  • The Crypto Genius Review
  • The News Spy Review
  • Topworth Investment Limited Review - An Obvious Scam?
  • Trade Coin Club Review - Bitcoin Scam Exposed!
  • biz review
  • TradeCoins Review - Exchange or Broker?
  • Online review
  • Traders Alliance Review
  • biz review
  • Trust Box Review - Ponzi Scheme!
  • Twelve for Twelve Review
  • Txiny Review
  • Ultimate Guide to Bitcoin Mining Book Review - SCAM?
  • pw is Another Crypto Mining SCAM!
  • UnicoinTrades Review
  • USD Profit ( Review
  • Review - United Software Intelligence - SCAM!
  • VasCrypto Investments Review - SCAM!
  • co review
  • Verified Robot Review
  • info review
  • Virra Coin AKA Review
  • Vortex Profits Review - It Does Not Look Good ...
  • net review
  • Wallet-Ripple, MyRippleWallet Review- It's a SCAM!
  • biz review
  • io review
  • Ween Bitcoin Review - Fraud Alert!
  • Westland Storage Review
  • Whales Club Review (
  • WinMax Miner Review
  • Work Mines Review - Is It Worth It?
  • World Way Capital Review - Viral Ponzi SCAM
  • com / Review
  • Xenos Mining Review
  • cc review
  • Biz Review - Unethical Pyramid Scheme Exposed!
  • net review
  • Zion Soil Review - Smart SCAM!
  • Zoxtel Review
  • ZTrader Review