SagerMaster has acquired an funding fraud warning from the Netherland’s Monetary Markets Authority (FMA).
As per FMA’s April twenty first SageMaster warning;
The AFM warns customers to not settle for presents from TechHost WorldWide INC buying and selling as Sagemaster.
This firm is suspected of being a boiler room: a type of on-line funding fraud.
SageMaster is a fraudulent funding scheme supplied by Be Membership, an MLM pyramid scheme.
Be Membership and SageMaster are operated out of Dubai by co-founders Monir, Moynul (Moyn) and Ehsaan Islam.
Monir and Moynul are former OneCoin Ponzi promoters.
Be Membership started as Melius in 2018, following OneCoin’s collapse in 2017. The unique rip-off was providing $50,000 actual cash buying and selling accounts for $3000.
Melius was rebooted as Be (Higher Expertise, aka BE Issue) in mid 2020. Since then it’s passed by Be Guidelines and now Be Membership.
Along with the Netherlands, Be Membership fraud warnings have been issued by Quebec (2020 and 2026), Colombia (2022), Norway (2023 and 2026), Uruguay (2023), the Philippines (2023), New Zealand (2024), Ontario (2025), Luxembourg (2025), Austria (2025), Finland (2025 and 2026) and Slovenia (2026).
In January 2025 Moynul Islam tried to downplay Be Membership regulatory fraud warnings. Moynul claimed it was “quite common for many firms to get some degree of warning and fines.”
