Category: MLM Reviews

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OneCoin Global Macau event prohibited by Chinese authorities

Once a year OneCoin management front the company’s affiliate-base and try to keep them interested in the business.It’s not an easy task, and last year was held in London against a backdrop of broken promises (going public and lying about having already signed up hundreds of thousands of merchants).This year’s OneCoin Global event was scheduled to take place in Macau on May 7th.I say was, because apparently Chinese authorities have now been instructed to make sure the event does’t go ahead.In an article published on April 27th, Germany’s Gerlach Report claimChief administrator Fernando Chui has now been instructed to “prohibit the planning of a…

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OneCoin and OneLife ordered to “end all promotion” in Germany

Building on an earlier cease and desist issued to OneCoin Ltd (Dubai), Germany’s top financial regulator BaFin has strengthened the order to essentially cover all of OneCoin’s German operations.The latest April 27th cease and desist sees BaFin orderOnecoin Ltd, Dubai, and OneLife Network Ltd, Belize to dismantle their internet based “OneCoins” trading system and to end all sales promotion activities in Germany immediately.At the same time, BaFin issued a cease and desist order against One Network Services Ltd, Sofia/Bulgaria for the latter’s involvement in the unauthorized trading of “OneCoins” by Onecoin Ltd, Dubai, and OneLife Network Ltd, Belize.BaFin have identified OneCoin as a…

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Bitcoin Golem Review: 9000% ROI in fourteen days?

Bitcoin Golem provide no information on their website about who owns or runs the business.The Bitcoin Golem website domain (“bitcoingolem.com”) was privately registered on March 23rd, 2017.A UK incorporation certificate for “Bitcoin Golem Limited” is provided on the company website. Dominic Graham is listed as the sole Director of the company, through an address in London.Further research reveals the same address is tied to a “Dominic Waters”, listed Director for Lensen Group LTD.Lensen Group is a Ponzi scheme launched in late 2016. The company solicits investment through plans promising a 110% ROI in ten days.Despite sharing the same address and first…

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International Biz 4 All Review: Two-tier matrix cash gifting

International Biz 4 All provide no information on their website about who owns or runs the business.The International Biz 4 All website domain (“internationalbiz4all.com”) was registered with bogus details on April 18th, 2017.The International Biz 4 All website is hosted on a private server, along with a plethora of MLM underbelly scams. This is symptomatic of an admin who has purchased a “business in a box” script.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.International Biz 4 All ProductsInternational Biz 4 All…

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Troy Barnes sentenced to 33 months prison (Achieve Community)

This one looked like it was going to trial but at the eleventh hour Troy Barnes plead guilty to wire fraud.That was back in November last year, with a series of sealed filings mostly keeping things under wraps since.On April 25th however, Barnes’ sentencing hearing finally came up.For his part in orchestrating the Achieve Community Ponzi scheme with Kristi Johnson, Barnes received a 33 month prison sentence.Johnson also plead guilty and was sentenced to 21 months in prison back in February.Barnes will be ordered to the Federal Bureau of Prisons to begin serving his sentence upon designation of a federal facility.All…

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OneCoin run by a “gang of criminals”, $2.9 million seized in India bust

Developments on the Indian OneCoin bust continue to surface, in addition to the President of Thailands primary financial regulator claiming OneCoin is run by “gang of criminals”.Following the detention of four “senior” OneCoin affiliates yesterday, Indian authorities have announced they’ve seized Rs. 189 million ($2.9 million USD).Interrogation of arrested OneCoin affiliates revealed that group alone was responsible for collecting Rs. 5.6 million ($87,418 USD) from seventy-two affiliates.The balance difference appears to be the result of recruitment efforts nationwide.DCP (Crime) Dilip Sawant added, “There are several groups that have been operating across India, by conducting seminars for investors and luring them with huge returns, but Navi…

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Vitae Global Review: Advanced Labs coffee & autoship recruitment

Vitae Global launched in early 2017 and operate in the coffee MLM niche.The company is based out of Wyoming in the US and headed up by co-founders Jim Britt and Louis Volpe.Jim Britt first popped up on BehindMLM’s radar as co-founder of Quanta in 2013.Quanta was a personal development MLM opportunity that saw affiliates gift each other fees under a “100% commissions” business model.Launched in late 2013, Quanta collapsed within a year.Quanta isn’t mentioned in Britt’s Vitae Global corporate bio, although it does state hebegan his entrepreneur career in the network marketing industry over 40 years ago.He has built large distributor…

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Sann Rodrigues settles TelexFree fraud for $1.7 million

After initially opting to play fast and loose with the SEC, it appears time in jail for contempt and pleading guilty to visa fraud has brought Sann Rodrigues to the negotiation table.As per an April 25th proposed settlement agreement between Rodrigues, the SEC and the TelexFree Trustee, the three parties recently entered settlement negotiations.According to the TelexFree Trustee, Sanderley Rodrigues de Vasconcelos was ‘one of the most successful promoters of TelexFree‘.Forensic accounting revealed Rodrigues stole $501,841 from TelexFree victims. He also received $1,757,797 in “manual credits”, which were offloaded to victims in exchange for cash.In 2013 Rodrigues publicly announced he’d made over $3…

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Four more affiliates booked in Indian OneCoin Ponzi case

Authorities in Navi, Mumbai continue to investigate OneCoin, following the arrest of eighteen affiliates last Sunday.The latest has seen police book four more OneCoin affiliates, who they believe hold “senior positions in OneCoin”.Interrogation of the previously arrested eighteen affiliates meanwhile has revealed insight into OneCoin’s local Indian operations.Following the payment, investors were given passwords to access their profiles on the OneCoin website.On the website, investors could see how many coins they had purchased with their money.From the sounds of it, local OneCoin scammers were creating accounts for those that invested. They’d then transfer OneCoins from their own accounts.This effectively allows them to…

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Mini Cash Pool Review: Adcredit Ponzi with cycler gifting

Mini Cash Pool provide no information on their website about who owns or runs the business.The Mini Cash Pool website domain (“minicashpool.com”) was privately registered on March 11th, 2017.If you visit the Mini Cash Pool website without an affiliate referral, the site informs you that you’ve been “invited by MINI CASH POOL”.This is the Mini Cash Pool admin account. If you then click “sign up”, the name of the Mini Cash Pool admin account is revealed to be Janet Qemunto.Janet Qemunto (right) is based in Kenya and, according to her Facebook and LinkedIn profiles, works for the Kenyan Ministry of Public Service, Youth…