Monthly Archive: August 2018

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Emane Trade Review: Brazilian bitcoin 40% a month Ponzi scheme

Emane Trade provides no information on their website about who owns or runs the business.The Emane Trade website domain (“emanetrade.com”) was privately registered on January 31st, 2018.
Further research reveals Emane Trade citing Carlos Barbosa as CEO and President of the company on their official Facebook profile.
Emane Trade and Barbosa (right) appear to be based out of Brazil, with Brazilians making up the company’s primary marketing demographic.
At the time of publication Alexa estimate 100% of traffic to the Emane Trade website as originates out of Brazil.
Possibly due to language-barriers, I was unable to put together an MLM history on Barbosa.
Read on for a…

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VIP Mining Review: Collapsed Now Mining reboot

VIP Mining operates in the cryptocurrency MLM niche. On the VIP Mining website, Luis Ortega is cited as founder of the company.Ortega recently popped up on BehindMLM’s radar as the founder of Now Mining.
Now Mining offered unregistered security investment contracts, purportedly through partnership with Genesis Mining.
Alexa traffic estimates for the Now Mining website suggest the scheme collapsed shortly after launch.
Now Mining investors who were promised a ROI over 280 days appear to have lost their money.
Despite Now Mining collapsing and causing widespread losses, Luis Ortega (right) describes himself as ‘a successful leader, a technology visionary and a pioneer in the cryptocurrency…

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Russian scammers tried to resurrect Sergey Mavrodi

Following the death of their golden goose, Russian scammers tracked down a Sergey Mavrodi lookalike.After initially agreeing to be the “new” face of the MMM Global, Vladimir Fomin has revealed how “people from Moscow” hoped to resurrect the notorious Ponzi scheme.
After he was contacted, Fomin, who is originally from Kineshma, claims
he was told that the image of Mavrodi would be used to create an online game. As soon as the man agreed, 17 thousand rubles ($250) were transferred to his bank card, and then he and his wife were transported to Moscow.
Upon arriving, Fomin was given a make-over to make him…

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Green Life, Oriflame and Unicity fined for violations in Vietnam

The Green Life Corporation, Oriflame and Unicity have been fined by Vietnamese regulators.The fines were handed down following an investigation that revealed the three companies were violating Vietnamese MLM regulations.
The Green Life Corporation, which appears to be a French-language MLM company with a corporate address in Dubai, was fined $22,600 for engaging in business activities outside of what it was authorized to conduct.
Greenlife also failed to properly and completely fulfil its training obligation for multi-level sales participants and did not grant multi-level sales network member cards to participants.
The company also failed to periodically report to competent state agencies and provided wrong…

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Five Winds Asset Management illegal in Germany, warning issued

As their Questra World Ponzi collapsed, the scammers behind it and Atlantic Global Asset Management launched Five Winds Asset Management.Despite the arrest of founder Pavel Krymov and active criminal investigations in Russia and Kazakhstan, recruitment of gullible investors into Five Winds shows no signs of slowing down.
At the time of publication Alexa cite Russia (29%), Germany (17%) and Kazakhstan (12%) as the largest sources of traffic to the Five Winds website.
This has finally attracted the attention of German authorities, who on Monday declared Five Winds was illegal across the country.
BaFin, Germany’s federal supervisory authority, appears to have been investigating Five Winds.
That…

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My Paying Tree Review: $1 to $50 adcredit Ponzi scheme

My Paying Tree provides no information on their website about who owns or runs the business.The My Paying Tree website domain (“mypayingtree.com”) was privately registered on May 3rd, 2017.
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.
My Paying Tree Products
My Paying Tree has no retailable products or services, with affiliates only able to market My Paying Tree affiliate membership itself.
Once signed up, My Paying Tree affiliates are able to invest in “adpacks”.
Bundled with each adpack investment are adcredits, which can be used…

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Akyoh Review: AladinCoin Ponzi reboot with Avana Coin

Akyoh claim to be a “technology investment company which based in Cyprus (EU)”.Beyond that statement however there is no evidence of Akyoh having any business operations in Cyprus. It’s also worth noting that Cyprus is a known jurisdiction for having little to no MLM regulation.
Incorporation of an MLM company in Cyprus is typically done when a company can’t legitimately incorporate itself in a reputable jurisdiction.
Cited as President of Akyoh on their website is Christian Lipovec (right).
Up until recently Lipovec was promoting the AladinCoin Ponzi scheme.
In a Facebook post dated March 17th, Lipovec wrote;
After a few days at the company now on the…

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Seven Stars Group Review: Forex trading Ponzi fraud

Seven Stars Group provides no (accurate) information on their website about who owns or runs the company.The Seven Stars Group website domain (“sevenstars.group”) was privately registered on June 15th, 2018.
Despite existing for barely a few months, Seven Stars Group claims it was “founded in 2010” by Mario Rossi, a fictional “American forex trader”.
In an attempt to feign legitimacy, a UK incorporation certificate for “Seven Stars Group LTD” is provided.
UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.
It instead far more likely Seven Stars Group is being operated from…

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Noble 8 funds used to pay for Blaine Williams’ cancer treatment?

Despite surfacing roughly nine months ago, Noble 8 Revolution has still failed to pay commissions.The company does however continue to collect monthly fees, with excuse after excuse trotted out for commission delays.
Now it has emerged co-founder Blaine Williams has been diagnosed with stage 3 cancer.
Noble 8 Revolution’s delays have been somewhat of a head-scratcher.
The company’s business model is a matrix Ponzi cycler, which literally would take no more than a few minutes to set up.
Yet despite this, and Blaine’s involvement in numerous similar Ponzi cyclers over the past few years, investment into Noble 8 Revolution cycler positions has been a one-way…

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WorldVentures granted permanent injunction against David Wood

Following on from a Temporary Restraining Order and contempt charge, WorldVentures has been granted a permanent injunction against David Wood.The Collin County Court case docket reveals WorldVentures and executives Wayne Nugent, Daniel Stammen and Josh Paine, appeared as plaintiffs at the scheduled August 27th trial.
Despite being served notice of the trial, David Wood failed to make an appearance.
After hearing  testimony from a witness, the trial proceeded.
WorldVentures and its executives were granted a permanent injunction. Wood has also been ordered to pay $21,889 in court and legal costs within 30 days.
As per recent videos on David Wood’s various YouTube channels, he’s currently…