Monir Islam: BeRules Scam Exposed? Let’s Find Out (Latest Update 2023)

Monir Islam, along with his brothers Mohd Islam and Ehsaan B. Islaam, has been operating Ponzi schemes targeting consumers internationally. 

He and his brothers gained notoriety when they promoted the highly nefarious scam of OneCoin in the UK. Monir Islam was a prominent promoter of the crypto Ponzi scheme in the Muslim communities of the UK.

However, when people started realizing that it was a fraudulent scheme, he was one of the first people to leave the firm. 

OneCoin is among the largest crypto Ponzi schemes of the last few years. It has victims in the US, Europe and Asia.

Monir Islam and his brothers were part of its UK’s promotions. 

After leaving the company, they started running similar scams but were now based in Dubai. Recently, Dubai has turned into one of the biggest havens for financial scams. 

In the following write-up, I’ll be going through some of Monir Islam’s scams and how he is defrauding people today: 

Ran the Melius Scam from Dubai:

Melius used to be a forex and cryptocurrency MLM scam. The company claimed to have offices in Dubai and the UK where the UK address was merely a virtual office. 

Moreover, their Dubai address was unverifiable. In other words, there was no guarantee of their reliability. 

Monir Islam, along with this brothers, was promoting Melius in multiple third-world countries. 

The company offered package subscriptions ranging from $450 for 90 days to $1800 for 365 days. Melius claimed to provide customers with forex and blockchain courses. 

You would get the iGoTrade app along with their subscription so the affiliates could set up trades with signals Melius had provided them. 

Melius used to claim that their GoPro Forex subscription would give you a passive ROI of 50%, which sounds too good to be true because it is. 

To normal consumers, Melius might seem like a simple course-selling company with a trading app affiliation. However, it was a complex MLM scheme, operating similarly to OneCoin, Monir Islam’s previous scam. 

Melius required affiliates to remain active by investing or getting others to invest at least 120 PV worth of funds every month. But the company never specified the dollar value of 120 PV.

It had a pyramid structure for affiliates where they earned 20% commissions on funds invested by their recruited affiliates. Also, second-level affiliates and clients helped them earn an extra 10% indirect commission. 

There were also residual commissions although the Monir Islam Forbes page wouldn’t mention any of this. 

Monir Islam was spearheading the company’s promotins in African countries such as Nigeria and Togo. Here’s a photo of him promoting this scam:

monir islam

Melius collapsed in 2020 after taking money from gullible investors since 2018. However, that didn’t put a stop to the devious activities of the Islam brothers.

What is a Ponzi Scheme?

A Ponzi scheme is a criminal deception investing fraud pledging increased rates of interest with less chance of loss to investors. On the other hand, a Ponzi scam is a deceitful investing fraud that induces retrievals for earlier investors with money carried from later investors.

Monir Islam and the “Be” scam:

After Melius collapsed in 2020, Monir Islam and his brothers began promoting its rebranded version “Be”. 

Keep in mind, Melius used to offer $50,000 trading accounts in exchange for $3000. Monir Islam and his brother Moyn Islam were the co-founders of Melius. 

Since their days of OneCoin, where they stole from the ethnic minorities of the UK, they had come a long way and had stolen funds from victims internationally. 

However, they realized that Melius wouldn’t operate for too long so they bought “Befactor.com” in March 2020. 

24/11/2023 Update
As of now, Monir Islam has not responded, nor has he apologized for his misdeeds. He has ignored our efforts to highlight the problems faced by their victims. Furthermore, he has only focused on propagating his fake PR.

Then, they started promoting this new scam in May of the same year. 

According to the website, Moyn Islam is the President and CEO of the firm while Monir Islam is the CVO and Ehsaan B. Islam is the CTO of the “Be”.

This is a more vicious scam and it’s still operational. In fact, the Islam brothers have spent a lot of money on paid PR to ensure the company doesn’t get any negative press. 

The company offers a Live subscription which gives access to a call/chat app, payment platform and a business app. 

Its subscriptions are divided in three categories: Live, Learn and Elite.

Here are the Live subscriptions:

  • Bronze Live ($199 first month + $99 per month)
  • Silver Live ($499 first month + $99 per month)
  • Gold Live ($799 first month + $99 per month)

Here are the Learn subscriptions: 

  • Bronze Learn ($199 first month + $149 per month)
  • Silver Learn ($499 first month + $149 per month)
  • Gold Learn ($799 first month + $149 per month)

Here are the Elite subscriptions:

  • Bronze Elite ($399 first month + $149 per month)
  • Silver Elite ($950 first month + $149 per month)
  • Gold Elite ($1499 first month + $149 per month)

The affiliates of Be only earn commissions on the subscription tiers they sell. Like all pyramid schemes, Be has a detailed affiliate rank system as well. 

The ranks are: 

  1. Star (get 2 customers with subscriptions)
  2. Consultant (1200 BV)
  3. Sapphire (4000 BV and 2 customers with subscriptions)
  4. Ruby (14,000 BV and 3 customers with subscriptions)
  5. Emerald (29,500 BV and 3 customers with subscriptions)
  6. Diamond (90,000 BV and 4 customers with subscriptions)
  7. Presidential Diamond (180,000 BV and 4 customers with subscriptions)
  8. Royal Diamond (370,000 BV and 4 customers with subscriptions)
  9. Ambassador (1,110,000 BV and 4 customers with subscriptions)
  10. Royal Ambassador (2,997,000 BV and 4 customers with subscriptions)
  11. Crown Ambassador (7,997,000 BV and 4 customers with subscriptions)

Here, BV stands for Business Volume and is the sales volume of an affiliate and his recruited affiliates. 

There are different bonuses such as Customer Saving bonuses and Fast Start bonuses. 

Your residual commissions in Monir Islam’s company would depend on your rank. Consultants earn $125 per week while Crown Ambassadors earn $300,000 per week. 

Although the company says that your 60% of payable commission volume must be from customers but doesn’t specify how it verifies the same. 

There are also matching bonuses.

While the pyramid structure seems attractive, it’s the product that suggests Be is nothing more than a scam

BeRules expects customers to pay $99 per month along with a $149 one-time fee to access a phone communications app, a travel discount app and a business app. Why would someone spend so much money to get access to such simple apps? 

Moreover the company charges $45 for affiliate signups. 

Clearly, BeRules is another Ponzi scheme. It will function as long as it gets recruits. 

Received a Scam Warning from Canada:

AMF issued a warning against Be in December 2020 saying it is not registered with them in any capacity whatsoever. 

THe warning stated that Be is based in Dubai, UAE and is not registered with Corporations Canada. Also, the company entices people with the promise of gaining a lot of wealth with little to no effort. 

The AMF stated that it’s taking steps to put an end to the solicitation this company is performing. It reminded everyone in the warning that there is no such thing as a high return without a high degree of risk. 

After receiving the scam warning, Monir Islam and his brothers changed the company’s domain from Be Factor to Be Rules. 

The scam is still up and running. 

Conclusion

Monir Islam is a highly experienced scammer. His scam of BeRules is targeting people from all over the world and follows the same structure his last two ventures did. 

He has spent heavily on paid PR by getting articles published on Forbes and other news publications to make himself seem legitimate. 

In reality, he is a scammer who first targeted people in the UK through OneCoin, then moved onto third-world countries with Melius (now BeRules). 

MLM scams like Nesten and BeRules are getting more and more popular these days. Hence, it’s best to be cautious.

Avoid dealing with Monir Islam and any of his ventures. 

The man is a vicious scammer. Both he and his brothers. 

2 Total Score
Fraudster

Monir Islam is a highly experienced scammer who was first involved with the notorious MLM scam, OneCoin. Then, he ran Melius which collapsed, causing severe losses to its investors. Now, he is running BeRules which has received a warning from Canadian authorities.

2.6Expert Score
Trust
2.6
Experience
2.9
Reputation
2.5
Ethics
2.3
1.3User's score
Trust
1.6
Experience
1.5
Reputation
1.3
Ethics
1
PROS
  • None
CONS
  • Scammer
  • Received warning from AMF
  • Notorious
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43 Comments
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  1. Monir Islam is taking the advantage of the trust level of his users compared to other firms they aren’t even decreasing the investment amount, which is also a major reason for their downfalls.

    • Wtf you guys are talking about??? What investment ? You all are delusional coward behind your little keyboard. Do some real research or you are just a kitty loser like the author of this article who got paid by some haters write this baseless garbage article

  2. My complete experience says that various firms aren’t interested in providing their users the promised profit and are keen to steal the invested money of their investors, so I will recommend you to search for some other legitimate platform.

  3. I have seen that several other firms are providing high returns in legitimate ways, me one should search for better options.

  4. There should be a rule for returning the funds after being caught by the police.

  5. The company claimed for providing passive income accounting for 50% of ROI but this sounds attractive through advertisements the reality is far away different from these promotions, so make sure none of the users get depressed after being scammed by them.

  6. Make sure none of them are left after being punished by the legal authorities for promoting such illegal scams, it is the responsibility of the government to avoid these fraudsters from committing any scam.

  7. The company is topping the list by being one of the biggest crypto market scammers and providing its users with the most fraudulent schemes and attracting them after promoting his fake schemes of high ROIs, so beware of this man and OneCoin also.

  8. The firm is not at all legitimate and is always thinking of scamming its users.

  9. It doesn’t matter whether the scam was performed with the Muslim community or any specific region, scam is illegal and shouldn’t be practiced anywhere in the world, specific rules should be designed to stop scamming users.

  10. My personal experience of investing with Melius wasn’t good due to its scammy behavior I was doubting the nature of the firm and also regreeted after investing when the company crashed.

  11. The number of complaints this company is going through is not at all trustable to invest with so avoid any of the firms related to Monir Islam.

  12. The number of the complaints Melius has been posted with is questionable and also not trustable to invest with the company.

  13. The system of the MLM scheme is very repetitive in these digital markets so it is very important to keep a check on the type of investment you are looking for and also never get into the trap of the Ponzi schemes like BeFactors.

    • Hahahha what a bunch of lies and fabrication. Look at these fake comments and scammers here lying about a legit company. How much they paid you all?

  14. The blockchain system of this company is working well and is profitable for the company as the company is based in Dubai so we are not able to recover the type of license and the real address of the company is also not verified.

  15. The government was making various changes in the rules and regulations for keeping an eye on these scammers for making them feel the type of problem they are creating in the country.

  16. I also invested in Melius which got collapsed due to some market problem tending to make his investors lose their money with the problems

  17. The company has changed the domains of the company once and also the name of the company has been changed from Be Factor to Be Rules were afraid of the warning from different companies because they were
    Facing a warning placed by the Canadian governmen

  18. The company is based in Dubai and regulated from there only thus the Canadian government has once issued a legal notice against the firm of Monnir Islam.

  19. Monir Islam is a pit of scams where you will find several scams being taking place, he doesn’t think of making any frauds and also has no fear of getting published in the news or being reported to the legal authority hence it is the responsibility of the government to make strict rules against thee companies.

  20. One common pattern found in these MLM scams is that once you start earning money and also recruiting new members for the company they will show affection to you but will not pay you, even if you will ask for your payouts they will put the condition to add some more members then only you will get your money.

  21. If you will make a list of the scams for the last few months you will find Dubai is one the epicenter of these scams. The same is with Monir Islam and his brothers. They were operating their nefarious company, Melius, from Dubai, first they were scamming people in the UK and then went back to Dubai.

  22. My brother was very obsessed with his friend’s success through online investment. He was also planning to invest in BE but I suggested to him not to follow the shortcut for earning, as shortcuts are not permanent ways for earning. This review helped in convincing him.

  23. 0.5
    Trust
    10
    Experience
    10
    Reputation
    10
    Ethics
    10

    Why choose these fraudsters when there are better and safe options in the market? Get the complete history of the company as well as its founders before investing, I know the tagline “LOW-RISK HIGH RETURNS” hits harder but beware of the scammers. Monir Islam is such a blatant scammer ugh.

    Helpful(2) Unhelpful(1)You have already voted this
    • The company has been scamming people for a long time taking into account One Coin then Melius and now Be factor, Be Rules, the list may go on if not stopped by officials. Islam Brothers are one of the biggest MLM scammers out there.

  24. Reply
    Victim of Monir Islam
    December 12, 2022 at 11:29 am
    0.6
    Trust
    20
    Experience
    10
    Reputation
    10
    Ethics
    10

    I was one of the investors in Melius and lost my money after the company collapsed in 2020. Now they are running a company named ‘Be Rules’ which will also result in a scam I can guarantee that.

    Helpful(0) Unhelpful(2)You have already voted this
  25. I don’t know if the government officials only give them a warning for scamming people, but there should be some strict actions against these notorious creatures. The Canadian government knew about their scams and also had the details of the Islam brothers then why didn’t take legal action?

  26. Scamming people through ‘Melius’ then ‘Be Factor’ to ‘Be Rules’ the scam is going on even after getting warnings these Islam brothers aren’t stopping. Due to loopholes in the system, they are scamming people without any fear and currently taking shelter in Dubai.

  27. 0.75
    Trust
    10
    Experience
    20
    Reputation
    20
    Ethics
    10

    This investment game is a gamble because when I introduced myself to this world I was fascinated with the high returns. I still remember I earned $3000 after investing $500 which gave me the confidence to invest and started dreaming of becoming a millionaire. But everything came to an end when I Invested my $20000 buying the premium subscription and didn’t get any response after a few months the company collapsed, I tried to register a complaint but found that there was no registered company with that name. So beware of these scammers and never trust these high returns schemes.

    + PROS: none
    - CONS: Scam
    Helpful(0) Unhelpful(1)You have already voted this
  28. Dubai is like the ultimate haven for scammers like Monir Islam.

    They should do something about their scrutiny system or something. It’s outrageous.

    • My experience says that these scammers are targeting people from multiple countries. From here we can imagine how vast the network of these fraudsters is spreading.

      • One of my friends was very obsessed with his friend’s success through online MLMs. He was also planning to invest in cryptocurrencies but I suggested to him not to follow the shortcut for earning, as shortcuts are not permanent ways for earning. Yet, he invested anyway and now has lost more than $10,000.

  29. 0.85
    Trust
    20
    Experience
    20
    Reputation
    20
    Ethics
    10

    OneCoin was seriously one of the biggest scams I have ever come across. The fact that the Islam brothers are allowed to travel around the world and face no repercussions for their involvement in that criminal enterprise just goes to show how pathetic our authorities are.

    + PROS: Scammer
    - CONS: Scammer
    Helpful(0) Unhelpful(1)You have already voted this
  30. 0.75
    Trust
    20
    Experience
    20
    Reputation
    10
    Ethics
    10

    I had invested in Melius and trust me, it was the worst financial decision of my life. That whole company was nothing but a lie. They did not pay us a penny. Monir Islam and his brothers kept everything for themselves. I can’t believe these fraudsters are still in business.

    + PROS: None
    - CONS: Untrustworthy Scam
    Helpful(0) Unhelpful(1)You have already voted this
    • My father was fascinated by the investment scheme as he was about to make a million through his investments then he came up with an investment from Melius he invested there but the company collapsed in 2020 and we were shocked. When we tried to contact the company there was no response from the company and we lost hope of getting our money. It is requested that investors never trust the schemes offered by the Islam brothers.

    • My parents always taught me not to earn money through shortcuts hence I am following the path of hardwork and not wasting my money with these scammers. I suggest you do the same. Start reading up some Marcus Aurelius or something.

  31. 0.75
    Trust
    20
    Experience
    20
    Reputation
    10
    Ethics
    10

    Monir Islam should be investigated by INTERPOL for his involvement in scamming people in Africa, UK and Asia. He and his brothers are responsible for the financial ruin of thousands of people across the globe. I can’t believe Monir is still out in the public holding events and scamming others.

    Helpful(1) Unhelpful(2)You have already voted this
  32. 0.6
    Trust
    20
    Experience
    10
    Reputation
    10
    Ethics
    10

    My cousin invested $5000 with these guys. He was really into it. Then a few weeks went by and he wasn’t able to get a penny back. These are a bunch of criminals who deserve the harshest punishments.

    Helpful(1) Unhelpful(1)You have already voted this
    • The same thing happened with me too. BeRules took thousands of dollars from me and told me that if I want to make money, I would need to get my friends and family to invest the same amount.

      They promised me I will get a cut of their investments. A few of my friends invested but I didn’t get any money from their deposits. I felt betrayed. They lied to my friends just like they did to me.

  33. 0.6
    Trust
    10
    Experience
    10
    Reputation
    20
    Ethics
    10

    Monir Islam and his brothers have been running their MLM scams for so many years now. One of my friends got into BE and lost over EUR 10,000 because of them. These companies spew lies all the time and make so many false promises, it’s disgusting. Every one of these brothers needs to be thrown behind bars.

    + PROS: None whatsoever
    - CONS: Scammer
    Helpful(2) Unhelpful(1)You have already voted this
    • My experience was far better than other investors as I had also invested in Melius, but before the company collapsed I took out all my money from them and invested in another company. Monir Islam is a well respected member of society and everyone hating him are just poor jealous people.

    • I know what you mean brother. These Islam brothers are horrible. They don’t care about the people they talk to in events. They make false promises…I have suffered a lot because of their lies.

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