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  • Coin Leaders Review: DasCoin is a OneCoin Ponzi points clone

    Data 2016-10-04 05:10:58 da: admin

    The Coin Leaders website states that the company is operated by CL Singapore Pte. Ltd., which is based in Singapore. CL Singapore is wholly owned by Coin Leadership Limited, based in Dubai. John Pretto (right) is identified as Chairman of Coin Leaders. John Pretto is an accomplished, innovative and entrepreneurial technologist with over 20 years [Continue reading...] Source: Coin Leaders Review: DasCoin is a OneCoin Ponzi points clone Read the full article and join in the discussion over at ...

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  • Gold Miners Review: Gold investment Ponzi scheme

    Data 2016-04-25 03:25:25 da: admin

    The Gold Miners website domain was registered on the 15th of January 2016, however the domain registration is set to private. According to Panamanian registration documents provided on the Gold Miners Facebook page, the company is owned by David Aleman, Henry Aquiles Fonseca and Pedro Lara (President). A PO Box address in Panama is provided [Continue reading...] Source: Gold Miners Review: Gold investment Ponzi scheme Read the full article and join in the discussion over at ...

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  • InstantAdBuzz Review: $10 AdPack Ponzi scheme

    Data 2016-04-25 02:05:46 da: admin

    There is no information on the InstantAdBuzz website indicating who owns or runs the business. InstantAdBuzz is owned by Instant Advert Buzz Limited and is the sole owner of the program. The InstantAdBuzz website domain (“instantadbuzz.com”) was registered on the 11th of September 2015, however the domain registration is set to private. According to the [Continue reading...] Source: InstantAdBuzz Review: $10 AdPack Ponzi scheme Read the full article and join in the discussion over at ...

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  • Adsactly Hits Review: Adsactly enter Ponzi points market

    Data 2016-04-24 01:37:58 da: admin

    There is no information on the Adsactly Hits website indicating who owns or runs the business. The Adsactly Hits website domain (“adsactlyhits.com”) was registered on the 28th of November 2012, with Micah Wallace listed as the owner. An address in Ontario California is also provided. Micah Wallace is one of the co-founders of Adsactly, a [Continue reading...] Source: Adsactly Hits Review: Adsactly enter Ponzi points market Read the full article and join in the discussion over at ...

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  • 5000 Families Review: Faith Sloan returns to scam roots?

    Data 2016-04-23 02:12:56 da: admin

    There is no information on the 5000 Families website indicating who owns or runs the business. The 5000 Families website domain (“5000families.com”) was registered on the 2nd of April 2016, however the domain registration is set to private. A few days ago BehindMLM reader “Me” left a comment suggesting Faith Sloan was behind the opportunity. [Continue reading...] Source: 5000 Families Review: Faith Sloan returns to scam roots? Read the full article and join in the discussion over at ...

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  • Achieve Community SEC case on hold till further notice

    Data 2016-04-22 23:57:33 da: admin

    On April 18th all parties involved in the SEC vs. Achieve Community civil case filed a joint motion to vacate the scheduled December 5th trial date. Citing judicial efficiency, the motion requested the court vacate the current trial date of December 5, 2016 in light of the ongoing criminal proceedings against Defendants Barnes and Johnson, [Continue reading...] Source: Achieve Community SEC case on hold till further notice Read the full article and join in the discussion over at ...

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  • Website2Share Review: $1 to $50 chain-recruitment

    Data 2016-04-22 04:23:55 da: admin

    There is no information on the Website2Share website indicating who owns or runs the business. On the Website2Share FAQ the company claims to be a “legal certified company based in the UK”. This corresponds with a provided corporate address in the UK. Further research reveals a number of businesses listed as operating out of the [Continue reading...] Source: Website2Share Review: $1 to $50 chain-recruitment Read the full article and join in the discussion over at ...

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  • TelexFree fined $1.5 million for “crimes against the economy”

    Data 2016-04-22 01:50:02 da: admin

    In another blow to TelexFree’s Brazilian based Ympactus, the company has been fined $1.5 million for “crimes against the economy”. The fine stems from a National Bureau of Consumer Law (Senacon) investigation, which found Ympactus operated as a “Ponzi pyramid scheme”. Senacon, a department of Brazil’s Ministry of Justice, claimed Ympactus operated as a Ponzi pyramid scheme, [Continue reading...] Source: TelexFree fined $1.5 million for “crimes against the economy” Read the full article and join in the discussion over at ...

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  • OneCoin an “illegal MLM” in Colombia

    Data 2016-04-22 00:36:05 da: admin

    The Superintendency of Societies is a government regulator in Colombia charged with overseeing companies operating in the country. Citing a new law introduced earlier this year in January, the Superintendency of Societies has issued a warning against OneCoin. Differentiating OneCoin from legitimate MLM companies, the Superintendency of Societies claims OneCoin is ‘not contained within (the group [Continue reading...] Source: OneCoin an “illegal MLM” in Colombia Read the full article and join in the discussion over at ...

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  • TelexFree Trustee goes on clawback rampage

    Data 2016-04-21 07:42:40 da: admin

    Dating back to early March, the TelexFree Trustee has filed no less than thirteen clawback lawsuits against non-investors who profited from TelexFree. Under counts of fraudulent transfer filed in adversary proceedings, the parties the TelexFree Trustree is suing are as follows: TelexFree’s owners, their families and manual credit net-winners Providing some insight into the behind-the-scenes operation [Continue reading...] Source: TelexFree Trustee goes on clawback rampage Read the full article and join in the discussion over at ...

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  • More top US TelexFree investors named & shamed

    Data 2016-04-21 05:04:47 da: admin

    In a court filing that flew under the radar until Patrick Pretty reported on it earlier today, TelexFree’s top US investors have been named and shamed. Sorted by the amount of money they stole from victims in the $3 billion dollar Ponzi scheme, the one hundred and five TelexFree affiliates cited in the filing are as follows: [Continue reading...] Source: More top US TelexFree investors named & shamed Read the full article and join in the discussion over at ...

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  • Voltage Partners Review: Crowdsourced app ideas?

    Data 2016-04-21 02:41:48 da: admin

    Voltage Partners operate in the mobile app MLM niche and list a Washington PO Box as a corporate address on their website. Heading up Voltage Partners is CEO Gordon Comfort. As per Comfort’s LinkedIn profile; I am a motivated, highly educated, solutions-driven CEO with extensive experience over a broad spectrum of crossover industries. I am [Continue reading...] Source: Voltage Partners Review: Crowdsourced app ideas? Read the full article and join in the discussion over at ...

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  • Zeek Receiver caught up in tangled Payza lawsuit

    Data 2016-04-20 03:56:16 da: admin

    This one’s a bit messy, so bear with me. Following on from our February article “How Payza & friends are screwing Zeek Rewards investors“, efforts to recover funds from Zeek Reward’s shady banking operations continue. Our players in this story are: Payza – a payment processor synonymous with the MLM underbelly Payment World – a Hong [Continue reading...] Source: Zeek Receiver caught up in tangled Payza lawsuit Read the full article and join in the discussion over at ...

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  • Austrian Regional Court upholds Lyoness criminal decision

    Data 2016-04-20 01:03:08 da: admin

    The legal status of Lyoness in Austria is… complicated. Earlier this year Lyoness was found guilty of deceptive trade practices. Lyoness filed an appeal against the decision, which was denied last month. A concurrent push to hold Lyoness and founder Hubert Freidl accountable on a criminal level has also been playing out. Late last year [Continue reading...] Source: Austrian Regional Court upholds Lyoness criminal decision Read the full article and join in the discussion over at ...

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  • Vemma’s insurer refuses to cover FTC lawsuit

    Data 2016-04-19 00:22:54 da: admin

    Since August 2011 Vemma has held a Private Company Management Liability Insurance Policy with Hanover Insurance Company. The policy has a liability limit of $5 million dollars, yet to date Vemma have been unsuccessful in getting Hanover to fund their FTC lawsuit defense. Should BK Boreyko have read Vemma’s insurance policy closer, or is he [Continue reading...] Source: Vemma’s insurer refuses to cover FTC lawsuit Read the full article and join in the discussion over at ...

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  • Herbalife screw up 2015 Income Disclosure Statement

    Data 2016-04-18 04:23:57 da: admin

    Percentages. It’s math that for most of was introduced in late elementary school. Percentages of this, percentages of that… useful for practicing division and multiplication,  and invariably leading onto fractions. So how is it that Herbalife just keeping getting basic math wrong? Spotted by Connor Davidson, an “obsessive long/short investor, writer and skeptic”, Herbalife’s latest screw [Continue reading...] Source: Herbalife screw up 2015 Income Disclosure Statement Read the full article and join in the discussion over at ...

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  • WCM777 Receiver’s 8th Interim Report (4th quarter, 2015)

    Data 2016-04-18 00:48:37 da: admin

    As part of her court-appointed Receivership duties, Kristina Freitag has filed an eighth interim report. The report spans the Receivership’s activities during the fourth quarter of 2015. Some of the developments such as the settlement with Phil Ming Xu’s family BehindMLM has already covered, but there’s also some new stuff we haven’t seen too. As [Continue reading...] Source: WCM777 Receiver’s 8th Interim Report (4th quarter, 2015) Read the full article and join in the discussion over at ...

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  • Passive Wealth Booster Review: $50 two-tier cycler Ponzi

    Data 2016-04-17 02:23:43 da: admin

    The Passive Wealth Booster website domain (“passivewealthbooster.com”) was registered on the 8th of May 2015, however the domain registration is set to private. On their website however Passive Wealth Booster’s FAQ states: Who Are the Owners? Alex Robinson Online Network Marketer and Daniel Edwin SEO Expert are the owners. Bridget Fabian is Head Of support And [Continue reading...] Source: Passive Wealth Booster Review: $50 two-tier cycler Ponzi Read the full article and join in the discussion over at ...

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  • Adstraordinary Review: Matrix-based cash gifting

    Data 2016-04-16 07:49:46 da: admin

    There is no information on the Adstraordinary website indicating who owns or runs the business. The Adstraordinary website domain (“adstraordinary.com”) was registered on the 24th of March 2016, with Sherm Mason listed as the owner. An address in the US state of Arkansas is also provided. Sherm Mason (aka Optimus Dale) first popped up on [Continue reading...] Source: Adstraordinary Review: Matrix-based cash gifting Read the full article and join in the discussion over at ...

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  • OneCoin’s bungled US trademark application

    Data 2016-04-16 06:15:30 da: admin

    As first uncovered by BehindMLM reader OzDelphi, on the 16th of April 2015 One Network Services Ltd. filed a US trademark application for “onecoin”. One Network Services Ltd., believed to be OneCoin’s parent company, sought to trademark the OneCoin name ‘without claim to any particular font, style, size, or color‘. Irina Dilkinska was the name [Continue reading...] Source: OneCoin’s bungled US trademark application Read the full article and join in the discussion over at ...

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