Moyn Islam

Key Points

• Subject: Moyn Islam, a co-founder of Be Club, a multi-level marketing (MLM) company, alongside brothers Monir and Ehsaan B. Islam.

• Criminal Allegations: Linked to securities and commodities fraud through Be Club’s SageMaster platform, which offers unregistered automated trading investments. Previously involved in the OneCoin Ponzi scheme and Melius, both collapsed frauds.

• Regulatory Warnings: Be Club received fraud warnings from New Zealand’s Financial Markets Authority (FMA) and Colombia’s Financial Superintendence, citing unregistered securities and pyramid scheme characteristics.

• Business Practices: Be Club operates without retail customers, classifying all participants as affiliates, indicative of a pyramid scheme. SageMaster’s “lulz can’t touch our money!” model is flagged as fraudulent.

• Location: Moyn Islam, originally from the UK, relocated to Dubai after OneCoin’s 2017 collapse, a location noted for lax MLM fraud regulation.

• No Consumer Feedback: Limited public reviews are available, with most commentary from MLM critics or promoters, not direct customers.

Overview

Moyn Islam is a UK-born entrepreneur and co-founder of Be Club, a multi-level marketing company operating under multiple names (e.g., Be, Be Factor, Be Rules). He serves as President and CEO, with his brothers Monir Islam (Chief Visionary Officer) and Ehsaan B. Islam (Chief Technology Officer). Be Club markets a subscription-based MLM opportunity tied to SageMaster, an AI-driven trading bot promising passive returns, alongside services like travel discounts and e-learning platforms. Moyn Islam’s public persona, as presented on his website (moynislam.com), emphasizes his role as a motivational speaker, networker, and innovator. His career includes involvement in the OneCoin Ponzi scheme (collapsed 2017) and Melius (collapsed 2020), both criticized for securities fraud and pyramid schemes. Based in Dubai since 2017, Moyn operates in a jurisdiction noted for minimal regulatory oversight of MLM activities.

Allegations and Concerns

• Securities and Commodities Fraud: Be Club’s SageMaster platform offers automated trading with promised returns, constituting an unregistered securities offering per the Howey Test. Neither Be Club nor SageMaster is registered with regulators like the U.S. SEC or CFTC, raising fraud concerns.

• Pyramid Scheme: Be Club lacks retail customers, with all participants classified as affiliates who pay for membership. Commissions are tied to recruitment, a hallmark of pyramid schemes, as confirmed by BehindMLM’s analysis and regulatory warnings.

• History of Fraud: Moyn Islam was a promoter in OneCoin, a notorious Ponzi scheme that defrauded investors globally, and Melius, which offered a $50,000 passive forex trading account for $3,000, collapsing in 2020. These ventures left significant financial losses for investors.

• Targeting Vulnerable Populations: Be Club allegedly targets low-income individuals in countries with weak regulatory frameworks, raising ethical concerns about predatory practices.

• Regulatory Evasion: Operating through TechHost Worldwide Inc., a British West Indies shell company, and based in Dubai, Moyn Islam avoids jurisdictions with robust securities enforcement, such as the U.S. and UAE.

Customer Feedback

• Limited Direct Feedback: No direct consumer reviews from Be Club users are available in the source or related web results, as Be Club lacks retail customers. Feedback is primarily from MLM critics or promoters, not end-users.

• Positive Claims: A 2022 Network Stars article, cited by BehindMLM, portrays Moyn and his brothers as inspirational figures who “became millionaires” through Be, claiming it helps “hundreds of thousands” achieve financial freedom via e-learning and travel services. However, this lacks independent verification and appears promotional.

• Negative Commentary: BehindMLM and its readers criticize Be Club as a fraudulent scheme. A reader comment on BehindMLM references SageMaster as a scam, stating, “The fraudulent Islam Brothers operate just as primitively with such fakes and claims as most of the players in the MLM.” Another notes, “Many people I know have gotten into this business, and try to make me join now,” but questions its legitimacy due to its DSA approval being meaningless.

• Critical Perspective: The absence of retail customer feedback aligns with Be Club’s affiliate-only model, suggesting no genuine consumer base exists to provide reviews.

Risk Considerations

• Financial Risk: Investors in Be Club face high risk of loss due to its unregistered securities and pyramid scheme structure. Historical collapses of OneCoin and Melius indicate a pattern of investor financial harm under Moyn Islam’s ventures.

• Reputational Risk: Moyn Islam’s association with OneCoin and Melius, both widely publicized as scams, severely damages his credibility. Public exposure through platforms like BehindMLM amplifies reputational damage.

• Legal Risk: Operating unregistered securities and a pyramid scheme exposes Moyn Islam to potential regulatory actions, though Dubai’s lax enforcement reduces immediate risk. Regulatory warnings in New Zealand and Colombia signal growing scrutiny.

• Ethical Risk: Targeting vulnerable populations in under-regulated countries raises significant ethical concerns, potentially attracting further regulatory attention or public backlash.

Business Relations and Associations

• Family Involvement: Moyn Islam co-founded Be Club with brothers Monir and Ehsaan B. Islam, who hold key executive roles. The trio previously collaborated on OneCoin and Melius.

• TechHost Worldwide Inc.: Be Club and SageMaster operate through this British West Indies shell company, obscuring ownership transparency and facilitating regulatory evasion.

• Dubai Operations: Relocation to Dubai post-OneCoin collapse aligns with BehindMLM’s designation of Dubai as the “MLM crime capital” due to lax regulation, enabling continued operations.

• No Other Partnerships: No additional business partners or affiliates are named in the source, though Be Club’s recruitment-driven model relies on promoters, primarily in Colombia and Italy as of September 2024.

Legal and Financial Concerns

• Regulatory Warnings:

  • New Zealand’s FMA issued a securities fraud warning against Be Club on October 12, 2024, updated December 16, 2024, citing unregistered securities via SageMaster.

  • Colombia’s Financial Superintendence issued a fraud warning against Be Rules (a Be Club alias) in 2022, noting its pyramid scheme structure.

• Historical Fraud Involvement: Moyn Islam’s role in OneCoin (collapsed 2017) and Melius (collapsed 2020) involved significant investor losses, though no direct lawsuits against him are documented in the sources.

• No Bankruptcy or Debt Records: No specific records of unpaid debts or bankruptcy are mentioned, but the collapse of prior ventures suggests financial instability for investors, not necessarily Moyn himself.

• Shell Company Usage: TechHost Worldwide Inc.’s Anguilla registration raises concerns about transparency and potential asset concealment.

Risk Assessment Table

Notes: High severity reflects Moyn Islam’s history of fraudulent ventures and ongoing regulatory issues. Ethical risk is medium-high due to predatory targeting but limited direct evidence of widespread harm.

Expert Opinion

Analytical Summary

Moyn Islam’s career is marked by a pattern of involvement in fraudulent MLM schemes, from OneCoin’s outright Ponzi scheme to Melius’ securities fraud and now Be Club’s SageMaster, which combines pyramid scheme elements with unregistered securities. His relocation to Dubai and use of shell companies like TechHost Worldwide Inc. suggest deliberate efforts to evade regulatory oversight. Be Club’s lack of retail customers and reliance on affiliate recruitment confirm its pyramid scheme structure, while SageMaster’s AI trading bot promises are unsupported by verifiable evidence, aligning with the “lulz can’t touch our money!” fraud model. Regulatory warnings from New Zealand and Colombia underscore growing scrutiny, though Dubai’s lax environment allows continued operations. The absence of direct consumer feedback and reliance on promotional narratives (e.g., Network Stars) indicate a lack of legitimate business activity.

Pros

• Moyn Islam’s public persona as a motivational speaker may appeal to MLM promoters, driving recruitment in under-regulated markets.

• No direct lawsuits or bankruptcy records against him personally, suggesting some ability to avoid legal accountability.

Cons

• History of involvement in collapsed frauds (OneCoin, Melius) with significant investor losses.

• Be Club’s unregistered securities and pyramid scheme structure pose high legal and financial risks.

• Ethical concerns over targeting vulnerable populations and operating in low-regulation jurisdictions.

• Lack of transparency in ownership and operations undermines credibility.

Cautionary Advice

Avoid any business or investment dealings with Moyn Islam or Be Club due to their documented history of fraud and regulatory violations. Potential investors should demand proof of securities registration with agencies like the SEC or CFTC and independently verify SageMaster’s trading claims, which are likely unsustainable. Regulatory warnings and the collapse of prior ventures (OneCoin, Melius) indicate a high likelihood of financial loss. For those approached by Be Club promoters, consult legal or financial advisors and report suspicious activities to regulators like the FMA or SEC. Be wary of promotional claims, such as those on Network Stars, which lack independent substantiation.

Key Citations

• BehindMLM: “Be Club Review: Islam bros’ SageMaster securities fraud,” September 10, 2024.

• BehindMLM: “Be Club securities fraud warning from New Zealand,” October 12, 2024, updated December 16, 2024.

• BehindMLM: “Be Rules securities fraud warning issued by Colombia,” February 2, 2022.

• Network Stars: Article on the Islam brothers’ success with Be, July 28, 2022.

• BehindMLM: “Be Review: Melius rebooted as subscription pyramid,” July 6, 2020.

• Scams Radar: “Be Club Review: SageMaster Securities Fraud by Islam Bros,” January 16, 2025.