The national list of pyramids that are forbidden has been enlarged by the Central Bank of Sri Lanka.

Qnet, MTFE, Ledger Block, and Ride to Three Freedom have been added to the January 20, 2025, revised list.

Russia, India, Turkey, and Australia are the current targets of QNet, a well-established Malaysian multilevel marketing pyramid scam (SimilarWeb).

Ponzi LedgerBlock is another defunct MLM trading bot headquartered in Dubai, along with MTFE. CEO of MLM Crypto Boris Ponzi Ride to Three Freedom is an MLM cryptocurrency scam that makes 1% every day.

The Central Bank warns about the aforementioned frauds.

having participated in an activity that is forbidden under Section 83(C) of the Banking Act, No. 30 of 1988, as modified.

1. Health Care Tiens Lanka (Pvt) Ltd.
2. International Best Life (Pvt) Ltd.
3. Wo International (Pvt) Ltd.’s Mark
4. International V M L (Pvt) Ltd.
5. The answer is yes.
6. International Fast3Cycle (Pvt) Ltd.
7. Sport Chain zs society and the Sport Chain app Sri Lanka
8. MTFE DSCC Group, MTFE SL Group 
9. MTFE Success Lanka
10. OnmaxDT MTFE App
11. Fastwin (Pvt) Ltd.
12. Fruugo Oline (Pvt) Ltd. and the Fruugo Oline App
13. Three Freedom (Pvt) Ltd. ride
14. Genesis Business School Ledger Block Isimaga International (Pvt) Ltd. 
15.  Qnet Era Miracle (Pvt) Ltd.
16. The Sunbird Foundation and the Beecoin App
17. Windex Exchange
18. PVT Ltd.’s Enrich Life
19. PVT Ltd.’s Smart Win Entrepreneur
20. Netrrix/Net Fore International (Pvt) Ltd.
    
    

Due to “a court order,” number five is redacted on the second list. However, it is evident that Global Lifestyle Lanka is absent from the May 2023 list. This, I think, is the firm that was censored.

The nature of the legal actions behind the redaction of the second list is not disclosed by the Central Bank.