Category: MLM Reviews

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My 24 Hour Income collapses for fourth time, withdrawals suspended

Along with the usual hackers and DDOS excuses, Know Your Customer is fast becoming a popular reason for Ponzi admins to stop paying out.Know Your Customer, or KYC for short, is very much a real thing. It’s primarily used by companies to verify their clients.In the MLM underbelly, typically after invested funds have been exhausted, it’s deployed to restrict payouts to affiliate investors.My 24 Hour Income launched in mid 2016 and offers investors an advertised 130% ROI. The scheme is run by Drew Burton, who is based out of Canada.By late November My 24 Hour Income had collapsed. Burton (right) claimed hackers…

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OneCoin investment warning issued by Croatian National Bank

With the President of Croatia scheduled to speak at a OneCoin sponsored event today, now a warning from the country’s top financial regulator.As per their website, the Croatian National Bank is the highest financial regulator in the country. The stated goal of the bank is to ensure stability of Croatia’s financial system.On March 7th the Croatian National Bank issued a warning to consumers, advising them against OneCoin investment.Citing risks associated with Ponzi schemes, the Croatian National Bank warnsOneCoin is not electronic money within the meaning of the Electronic Money Act, nor does it present a payment service within the meaning of the…

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Synergy Worldwide Review: Pay to play & autoship recruitment

Synergy Worldwide is based out of Utah and operate in the nutritional supplement MLM niche.The company was founded in 1999 by Dan Higginson, who primarily focused marketing Synergy Worldwide in Japan.Dan’s goal was to build a company that would help people everywhere attain better health, grow more prosperous, and support communities in need.A year or so after launch Synergy Worldwide was sold off to Nature’s Sunshine Products (NSP), the company behind Nature’s Sunshine.NSP own and operate Nature’s Sunshine and Synergy Worldwide in parallel, with both company’s products manufactured by NSP in Utah.Synergy Worldwide is still run by Dan Higginson under NSP ownership, with Dan Norman…

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Bitcoin Grower Review: Eight-level deep pyramid recruiting

Bitcoin Grower provide no information on their website about who owns or runs the business.The Bitcoin Grower website domain (“bitcoingrower.tech”) was privately registered on January 13th, 2017.the official Bitcoin Grower Facebook group currently has four members, only three of which show up.Of the three none are credited as admin of the group, suggesting the fourth member might be behind the company.Whether this is a Facebook glitch is unclear. I suspect the account used to create the Bitcoin Grower group might have been intentionally deleted.As always, if an MLM company is not openly upfront about who is running or owns it, think…

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375 Cash Daily Review: $3.75 pass-up cash gifting

375 Cash Daily provide no information on their website about who owns or runs the business.The 375 Cash Daily website domain (“375cashdaily.com”) was privately registered on January 24th, 2017.A 375 Cash Daily promo video on its website is hosted on a YouTube account bearing the name “MMPS Mymultiplestream”.The same channel popped up last month in connection with the 150 Cash Magic Ponzi scheme.This YouTube channel is associated with the My Multiple Stream website. My Multiple Stream is an MLM underbelly scheme downline builder.Scams promoted through the website include My 24 Hour Income, The Ads Team, My 1 Dollar Business, All In One…

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World Net Leads Review: 3×7 matrix bitcoin gifting with email spam

There is no information on the World Net Leads website indicating who owns or runs the business.The World Net Leads website domain (“worldnetleads.com”) was registered on December 13th, 2016. Mariano Bartoletti is listed as the owner, with an address in Sardinia, Italy also provided.This is in line with Alexa’s estimate of Italy currently being the largest source of traffic to the World Net Leads website (61%). Italian is also an offered language on the World Net Leads website.Possibly due to language-barriers, I was unable to find any further information on Mariano Bartoletti.As always, if an MLM company is not openly upfront…

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South East European Women Entrepreneurs drop Ignatova

In an attempt to score a PR gig for OneCoin, Ruja Ignatova took out corporate sponsorship for the Congress of South East European Women Entrepreneurs’ upcoming March 8th event.The Congress will be held on … 8th of March 2017 in Zagreb and we expect more than 500 woman entrepreneurs from Slovenia, Bosnia and Herzegovina, Montenegro, Macedonia, Serbia and Croatia.Our goal is to make better access and existence of woman´s enterprises on the market of their country but also in the region.The Congress’ annual event is held with assistance with the Croatian capital city of Zagreb, ‘under the auspices of the President…

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The Ads Team Academy Review: Adcredit Ponzi goes pyramid

The Ads Team Academy is an MLM opportunity launched under The Ads Team brand.The Ads Team is an adcredit Ponzi scheme launched late last year by former OneCoin scammers.The Ads Team Academy appears to be a new attempt to sustain investment into the scheme.Read on for a full review of The Ads Team Academy MLM opportunity.The Ads Team Academy ProductsThe Ads Team Academy has no retailable products or services, with affiliates only able to market The Ads Team Academy affiliate membership itself.The Ads Team Academy affiliate membership provides access to internet marketing ebooks, videos, webinars and coaching sessions.The Ads Team Academy…

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2×9 BitMax Review: Matrix-based bitcoin cash gifting

There is no information on the 2×9 BitMax website indicating who owns or runs the business.The 2×9 BitMax website domain (“2x9bitmax.com”) was privately registered on January 10th, 2017.The official 2×9 BitMax Facebook group lists five admins; Kamran Baig, Atolagbe Dorlee, Steve John, Martin Germer and Faye Brown.The generic-sounding Steve John is the listed referral if one visits the 2×9 BitMax website without an affiliate referral link. This suggests he is running the show.Unfortunately Steve John doesn’t appear to exist. The Steve John Facebook profile was created in December, 2016 and hosts no content.As always, if an MLM company is not openly…

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Star Crypto Mine Review: Perenco backs 1.5% daily ROI Ponzi?

There is no information on the Star Crypto Mine website indicating who owns or runs the business.The company does however claim to be asister concern [sic] company of Perenco. Perenco, a Leading Independent Exploration and Production Company for Oil and Gus [sic].Perenco is a legitimate oil and gas exploration company founded in 1975. Other than Star Crypto Mine copying the Perenco website (both in design and content), there is no verifiable information suggesting Perenco and Star Crypto Mine are related in any way.The Star Crypto Mine website domain (“starcryptomine.com”) was privately registered on October 21st, 2016.At the time of publication Alexa…