Monthly Archive: April 2018

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RengaLife Review: Oral film strips with $199.80 “mandatory autoship”

RengaLife launched earlier this month and operate in the health and nutrition MLM niche.The company is based out of California in the US and headed up by co-founders Jason and Eunjung Cardiff.The Cardiffs also own Redwood Scientific Technologies, of which Jason Cardiff is CEO and Eunjung the company’s Marketing Director.Whereas the Cardiffs’ RengaLife corporate bios are lacking, their Redwood Scientific Technologies bios provide some insight into their executive history.Jason Cardiff started his career at Mercedes Benz USA and was appointed the youngest retail Vice President at that time. He went on to serve as a General Manager and executive at Auto Nation,…

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Woking Council pushing Lyoness Ponzi onto unsuspecting residents

Back in 2015 a Town Councillor attempted to push Lyoness onto residents of Halisham, a town in East Sussex, England.Upon other members of Hailsham council learning of the Lyoness AU investment Ponzi scheme, the project was suspended indefinitely.Two years later, a Town Councillor in another English town has pulled the same ruse.Woking is a town in northwest Surrey, England with a population of 62,796.On the front-page of the March 23rd, 2017 edition of Woking News & Mail, Lyoness was touted as “groundbreaking international loyalty card scheme”.The proposed scheme would involve shoppers signing up for the Woking Loyalty Card Programme with shops…

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Chris Principe settles OneCoin defamation lawsuit

With efforts to secure quick judgment knocked back and there not being much of a company left to fight for, it was pretty obvious Chris Principe’s OneCoin defamation lawsuit wasn’t going to trial.Following the denial of an entry for default and harassment injunction, Principe’s defamation lawsuit was sent to mediation back in January.On April 2nd a Mediation Report was filed, stating that ‘the case has been completely settled.‘According to the Mediation Report, Principe and defendant Timothy Curry settled the lawsuit in full on March 30th.On April 6th a joint Notice of Settlement was filed, which stated the parties ‘anticipate finalizing a…

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Trident Crypto Fund Review: TDC points ICO Ponzi scheme

Trident Crypto Fund provide no information on their website about who owns or runs the business.The Trident Crypto Fund website domain (“tridentcryptofund.com”) was privately registered on March 26th, 2018.As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.Trident Crypto Fund ProductsTrident Crypto Fund has no retailable products or services, with affiliates only able to market Trident Crypto Fund affiliate membership itself.The Trident Crypto Fund Compensation PlanTrident Crypto Fund affiliates invest bitcoin for TDC points.You can make profit by investing with bitcoins in trident’s…

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CoinCome Review: “Fund management” and “trading strategies” ROIs?

CoinCome provide no information on their website about who owns or runs the business.The CoinCome website domain (“coincome.info”) was privately registered on February 17th, 2018.An incorporation number is provided on the CoinCome website, which corresponds with the UK incorporation of Corporate Optimal Income LTD on February 19th.UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.At the time of publication Alexa cite Russia as the largest source of traffic to the CoinCome website.As always, if an MLM company is not openly upfront about who is running or owns it,…

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PinCoin ICO lending Ponzi collapses, $660 million in losses

PinCoin launched as a typical ICO lending Ponzi scheme back in February.Investors were promised ROIs of up to 312% on investment into PIN points.Not surprisingly, after soliciting $660 million from around 32,000 investors, PinCoin’s admins did a runner.Modern Tech, a Vietnamese company, has been identified as PinCoin’s parent company.Modern Tech is believed to be owned and operated by seven Vietnamese nationals based out of Hanoi and Ho Chi Minh City.Along with PinCoin, Modern Tech also operated iFan, another ICO investment scam.Ifan is introduced as a means of payment between celebrities and their fans. The value of the cryptocurrency is said to…

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NewULife Review: Homeopathic human growth hormone gel

NewULife operate in the health and wellness MLM niche and are based out of California in the US.The company is headed up founder Alex Goldstein.Goldstein’s NewULife corporate bio cites him as acertified homeopath, herbalist, respected iridologist, nutritional consultant (and) creator of many exclusive formulas.The bio goes on to claim Goldstein took over the family business at age 18.Store owner by day, college student by night, Goldstein mastered and expanded his retail business.Soon, he began researching the products he was selling and wondered if he could develop his own line to higher standards and answer particular customer needs.After he graduated, Goldstein “went…

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USI-Tech securities fraud warning issued in Spain

Spain’s top securities regulator, the National Securities Market Commission (CMNV), has issued a securities fraud warning against USI-Tech.CMNV’s warning, published on April 9th, states that USI-Tech “is not authorized to provide investment services” in Spain.By continuing to operate locally, the CMNV claims USI-Tech is in violation of Spain’s Securities Markets Law.At the time of publication, Alexa estimate Spain makes up less than 7% of traffic to the USI-Tech website.In related news pertaining to USI-Tech investors reporting it will take decades to pay them back at the current ROI rate, the company has blamed electricity costs and bitcoin’s high mining difficulty.To help…

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iGoCrypto Review: $500 crypto education & dodgy mining investment

iGoCrypto provide no information on their website about who owns or runs the business.The iGoCrypto website domain (“igocrypto.com”) was privately registered on November 2nd, 2017.Further research reveals iGoCrypto marketing material naming Chris Kellar (CEO) and Clinton Aragona (President) as co-founders of the company.Other than an “I’m obviously new to the industry” YouTube video from four years ago, I was unable to put together an MLM history for Kellar.Clinton Aragona (also goes by “Clinten Aragona”) first appeared on BehindMLM as co-founder of Lead System Network.Launched in mid 2014, Lead System Network was a matrix-based cash gifting scheme.Alexa traffic estimates show a steady…

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Simply Blessed Global Review: Two-tier 2×2 matrix cycler Ponzi

Simply Blessed Global provide no information on their website about who owns or runs the business.The Simply Blessed Global website domain (“simplyblessed.global”) was privately registered on March 19th, 2018.As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.Simply Blessed Global ProductsSimply Blessed Global has no retailable products or services, with affiliates only able to market Simply Blessed Global affiliate membership itself.Simply Blessed Global claim affiliate membership provides access to “signup bonuses valued at $279”.No specific information about the bonuses is provided.Blank advertising positions…