Be Club has received a securities fraud warning from Quebec’s Autorite des Marches Financiers (AMF).
As per
AMF’s March 31st Be Club fraud warning
;
Be Trading Group is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec.
Be Club soliciting investment in whilst being unregistered to offer securities violates Quebec’s financial laws (securities fraud).
AMF cites Be Club as Be Trading Group, SageMaster and TechHost Worldwide Inc, operating from the domain “sagemaster.io”.
Be Club is the latest iteration of a long-running scam run by by co-founders Monir, Moynul (Moyn) and Ehsaan Islam.
Monir and Moynul are former
OneCoin
Ponzi promoters.
Be Club began as
Melius
in 2018, following OneCoin’s collapse in 2017. The original scam was offering $50,000 real money trading accounts for $3000.
Melius was
rebooted as Be
(Better Experience, aka BE Factor) in mid 2020. Since then it’s gone by Be Rules and now Be Club.
Be Club’s latest offering is
SageMaster
, another fraudulent investment scheme. TechHost Worldwide Inc. is a British West Indies shell company tied to Sagemaster.
The AMF previously issued a
Be Factor fraud warning
in December 2020.
In addition to Quebec, Be Club fraud warnings have been issued by
Quebec
(2020),
Colombia
(2022), Norway (
2023
and
2026
),
Uruguay
(2023),
the Philippines
(2023),
New Zealand
(2024),
Ontario
(2025),
Luxembourg
(2025),
Austria
(2025) and Finland (
2025
and
2026
).
In January 2025 Moynul Islam attempted to
downplay Be regulatory fraud warnings
. Moynul claimed it was “very common for most companies to get some level of warning and fines.”
In what is likely an attempt to get ahead of previously issued fraud warnings, SageMaster abandoned its “sagemaster.io” website domain in late November 2025. The scam now operates from the domain “sagemaster.com”.
As of February 2026, Similar Web was tracking ~10,500 monthly visits to Be Club’s website. Top sources of Be Club website traffic are Italy (63%), India, (7%), Germany (7%), Colombia (7%) and Vietnam (6%).
Over the same month SageMaster’s standalone website received ~10,000 monthly visits. Top sources of SageMaster website traffic are Italy (66%), Germany (12%), Colombia (9%) and Norway (6%).
🤖 Quick Answer
What is the Be Club securities fraud warning from Canada (QC)?Quebec's Autorité des marchés financiers (AMF) issued a securities fraud warning against Be Club, cited as Be Trading Group, SageMaster, and TechHost Worldwide Inc, operating from the domain sagemaster.io. The entity is not registered with the AMF and is unauthorized to solicit investors in Quebec, violating provincial securities laws.
Who are the founders behind Be Club?
Be Club was co-founded by Monir, Moynul (Moyn), and Ehsaan Islam. Monir and Moynul are former OneCoin Ponzi scheme promoters. Be Club represents the latest iteration of a long-running fraudulent operation that began as Melius in 2018, following the collapse of OneCoin in 2017.
**Why did the AMF issue a warning
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