Norway Issues Fraud Warning to 15 Be Club Promoters
Norwegian authorities have sent a strong fraud warning to 15 Be Club promoters. The notice, issued on May 19, 2026, comes from the Norwegian Consumer Authority, Financial Supervisory Authority, and Anti-Corruption Authority. It repeats earlier alerts on Be Club, SageMaster, and DeepSage.
Authorities Warn Be Club Resembles Pyramid Scheme
The letter states that Be Club marketing on social media looks very similar to a pyramid scheme. Such schemes are illegal in Norway. Promoters are warned that sharing success stories, high-income claims, or event invites counts as marketing. They must prove every claim and clearly explain all risks.
Unauthorized Investment Services and TagMarkets Link
Be Club gives access to SageMaster and DeepSage for trading signals, strategies, and automated trading in forex, crypto, and other assets. These services are not authorized in Norway. The platform routes users to TagMarkets, a Dubai-based MLM crypto service that has already received fraud warnings in Slovenia, Russia, and Austria.
Dark History Behind Be Club Scam
Be Club is the latest version of a long-running scam. Co-founders Monir, Moynul (Moyn), and Ehsaan Islam were earlier involved with the OneCoin Ponzi scheme. It started as Melius in 2018, then became Be (Better Experience) in 2020, later Be Rules, and now Be Club. Current offerings include the SageMaster trading tool and DeepSage AI system.
Be Club Faces Global Regulatory Crackdown
Multiple countries have already taken action against Be Club and its earlier versions. Warnings or bans came from Quebec, Colombia, Uruguay, the Philippines, New Zealand, Ontario, Luxembourg, Austria, Finland, Poland, and Denmark. Norwegian authorities are now joining this growing list of regulators.
What Happens Next for Norwegian Promoters
If promoters ignore the warning and continue marketing Be Club, they face serious consequences. These include prohibition orders, heavy fines, or reports to police. Økokrim, Norway’s economic crime unit, may file fraud charges. Promoters are personally responsible for every post they share.
