MyCenterBid's Ghost Operation: The Architects Return with Crypto 888

Frode Jorgensen is back in business. And he brought the same playbook.

Years after the collapse of MyCenterBid—the rebranded shell of the failed Bidify penny auction scheme—Jorgensen has resurfaced at a Crypto 888 Club leadership event in Manila, Philippines, standing shoulder-to-shoulder with Rocco DiBenedetto, one of Bidify's top earners. Someone captioned the photo: "The great leaders of Crypto888 Club."

The irony would be funny if real people hadn't lost real money the last time these two were in charge.

Back in 2013, MyCenterBid management was desperate. Emails from the time show frustration that affiliates weren't rushing to invest. "Make sure you take action NOW regardless of fully understanding the compensation plan or not," they wrote. "Do it NOW! Don't wait." The urgency had nothing to do with legitimate business prospects and everything to do with keeping the scheme alive long enough to extract money from recruits. Today, MyCenterBid's website is parked. The company is gone.

Bidify, the operation's original name, started as a clone of Zeek Rewards—a penny auction Ponzi that the SEC dismantled. When federal regulators shut down Zeek, Bidify's European-based management panicked. They pivoted to a "legitimate" retail model, hoping to shake the Ponzi label. It didn't stick. Within months, Bidify was running the same points-based scheme as before, just with a fresh coat of paint.

The market had wised up by then. Bidify collapsed. So did its successor, MyCenterBid. And so did the money people put into them.

Jorgensen, officially listed as Chief Creative Officer, was the public face of Bidify. He was never formally credited as an owner, but investigators and victims understood he was running the operation. After MyCenterBid imploded, Jorgensen vanished.

Until now.

Crypto 888 Club operates on the same Ponzi points model that Bidify itself was built on. BehindMLM reviewed the operation in April and concluded what its structure makes obvious: it's another MLM cryptocurrency Ponzi scheme designed to separate investors from their money. The business model hasn't changed. Only the branding has.

That Jorgensen and DiBenedetto have both landed at Crypto 888 Club isn't surprising—it's predictable. When you've built a career on running Ponzi schemes, legitimate business becomes impossible. You chase the next opportunity with the same tired formula, counting on enough new blood to fund payouts to old investors while you skim the difference.

The victims of Bidify and MyCenterBid didn't lose their funds through bad luck or poor timing. They were systematically defrauded by architects who understood exactly what they were building.

Now those same architects are building again. The scheme changes its name. The operators change their base. The essential mechanics remain unchanged: recruit investors, promise returns, pay old investors with new investors' money, collapse when growth stalls, repeat.

The pattern isn't a coincidence. It's a business model.

Update: Norwegian authorities have filed criminal charges against Terje Hvidsten (aka Aleksander Romanov) and three other Crypto 888 Club operators as of February 17th, 2025.

🤖 Quick Answer

Who is Frode Jorgensen and what is his connection to MyCenterBid?

What was Bidify and why did it fail?
Bidify was a penny auction scheme that collapsed, leaving investors with significant losses. MyCenterBid emerged as a rebranded continuation of this failed operation. Historical documentation indicates management struggled with affiliate recruitment and compensation structure credibility during its operational period.

What is the significance of Frode Jorgensen's appearance at Crypto 888 Club?
Jorgensen's involvement with Crypto 888 Club suggests potential application

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