Monthly Archive: March 2018

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CryptoCash Nation Review: 7 Rings of Wealth crypto pyramid reboot

CryptoCash Nation provide no information on their website about who owns or runs the business.The CryptoCash Nation website domain (“cryptocashnation.com”) was registered on December 30th, 2017.Jill Field of “FXB Trading Inc.” is listed as the owner, through an address in British Columbia, Canada.I wasn’t able to find any definitive ties to Jill Field and CryptoCash Nation.There is a cryptocurrency exchange that goes by the name of FXB Trading, however again it doesn’t appear to have any links to CryptoCash Nation.In a CryptoCash Nation marketing video, Thomas Fraser is identified as one of the co-founders of the company.Fraser (right) appears to reside in…

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GB21 Review: GainBitcoin Ponzi reboot touts $450,000 mining contracts

GB21 provide no information on their website about who owns or runs the business.The GB21 website domain (“gb21.com”) was first registered on May 9th, 2013.The domain registration details were recently updated on January 10th, 2018, suggesting this is around the time the current owner(s) acquired it.On their website, GB21 market MCAP altcoin mining packages.MCAP is a worthless cryptocurrency attached to the Gain Bitcoin Ponzi scheme.Gain Bitcoin launched in mind 2017 and offered investors a 10% monthly ROI on investment of up to 13.75 BTC.The catch was ROI payments were paid in MCAP.After investor recruitment died down, Gain Bitcoin collapsed in November,…

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Super Affiliate Network Review: $17,491 “all in” coaching memberships

Super Affiliate Network launched in mid 2016. The company provides a corporate address on their website in the US state of Hawaii.Heading up Super Affiliate Network is Founder, Misha Wilson.So the story goes;After getting started Online at the age of 22, (Misha Wilson) soon there after hit 6 figures by the age of 24, and then scaled his company to the multimillion dollar mark by the age of 25.After being a top earner in multiple different opportunities, and watching 97% of all of his teammates fail due to not being able to duplicate his efforts, Misha saw a gap in the…

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Viridian settles deceptive marketing & sales tactics allegations for $5 mill

BehindMLM reviewed Viridian last December. One of the primary concerns raised was a potential lack of retail viability due to high service costs.Turns out we were onto something.Earlier today the Massachusetts Attorney General’s Office announced a $5 million dollar settlement with Viridian.In reaching the settlement, Viridian acknowledged it had used “deceptive marketing and sales tactics that lured residents into costly contracts with high electricity rates”.No matter what was promised or pitched to potential retail customers by Viridian affiliates, the AG’s Office allegedthat consumers who switched to Viridian ultimately paid more for electricity than if they had stayed with their utility.Viridian contracted…

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Detail MaxiNet SEO Ponzi scheme busted in Turkey

An ongoing crackdown on scams operating in Turkey has lead authorities to shut down another Ponzi scheme, this time Detail Maxinet.Known locally as “Detay MaxiNet”, Detail MaxiNet affiliates invest $590 to $2242 on the promise of a monthly ROI for 12 months.To qualify for the ROI, Detail MaxiNet affiliates must download and run software for eight to twenty-four hours a day, depending on how much they invest.Detail MaxiNet affiliates are also paid to recruit new investors through an MLM compensation plan.Special details of Detail MaxiNet’s compensation plan are not provided on the company’s website.Detail MaxiNet claim to use investor computing power…

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Ormeus Global commissions not paid “for over a year”?

Within hours of publishing yesterday’s article quoting a recent Ormeus Global marketing pitch by Troy Rejda, we received a legal threat from Mark Pooser.Pooser claimed our quoting a marketing pitch by a third-party that in turn claimed to quote him was somehow slanderous on our part.Naturally we disagreed and suggested he ask Troy Rejda why he was mistakenly quoting him.Pooser never got back to us on that.What’s perhaps of more interest though is Pooser’s comments on the current state of Ormeus Global – which differ wildly from the potential earnings Troy Rejda projected.In his original Ormeus Global pitch, Rejda quoted a Facebook post from…

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Zukul Trader Review: Zukul to reboot as crypto trading scheme

Zukul launched in 2014 and is headed up by co-founders Jeremy Rush and Michael Bloom.BehindMLM first reviewed Zukul in 2016, finding its business model to be that of a subscription-based pyramid scheme.When that flopped Zukul reinvented itself as an adcredit “revenue sharing” Ponzi scheme.When that flopped Zukul reinvented itself as Zukul Gold, which fed Zukul affiliates into Jeremy Rush’s Eagle Aurum Team cycler Ponzi downline.Zukul Gold was short-lived and also eventually collapsed.As Zukul affiliate losses mounted, Jeremy Rush (right) threatened to sue anyone who publicly criticized him or the company.Things were pretty quiet over at Zukul throughout 2017.No doubt watching the rest of the…

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4300% annual ROI touted through Ormeus Global ORME investment

Whereas the cryptocurrency market has more or less been in a slump since January, Ormeus Global’s ORME altcoin is currently pumping.This isn’t that unusual, as MLM altcoins can be insulated from natural market activity via new investment tied to new affiliate recruitment.What’s disturbing however is how affiliates are using ORME’s current value to market the Ormeus Global MLM opportunity.Ormeus Global launched mid last year and, purportedly through a trading bot, promise investors a 160% ROI.At the time of launch Ormeus Global claimed its business opportunity was “not available in the United States”, however that hasn’t stopped US investors from signing up…

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Zeek Receiver wins VictoriaBank appeal, $13.1 mill clawback resumes

The Zeek Rewards Receiver is one step closer to recovered $13.1 million in stolen investor funds, following the reversal of a District Court decision.The Receiver has been locked in a struggle with Payza, Payment World and VictoriaBank since February, 2016.In a nutshell, Payza laundered $13.1 million dollars invested by Zeek affiliates through PaymentWorld, who in turn laundered it through VictoriaBank.Unable to access the $13.1 million held abroad, a freeze order was granted on $13.1 million VictoriaBank held in a US account at the Bank of New York Mellon.VictoriaBank sought do dismiss clawback proceedings against it, by claiming the court had no…

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Bitcoiin collapses, admins do a runner after $75 million B2G ICO

A week after BehindMLM reported Bitcoiin was continuing to violate a securities fraud cease and desist, the company has collapsed.Over $75 million is believed to have been invested during Bitcoiin’s ICO, which was scheduled to wrap up on March 30th.Instead, Bitcoiin’s anonymous admins have pulled the plug early and done a runner with everyone’s money.Bitcoiin and its B2G altcoin surfaced back in January. Bitcoiin marketed B2G in typical “we’re better than bitcoin” fashion, however the coin itself had no practical purpose beyond soliciting investment from the public.Some investors had no doubt hoped to recover earlier scam losses, as evidenced by Bitcoiin…