Category: MLM Reviews

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Ad Pack Pro criminal investigation stalls over freezing of evidence

Ad Pack Pro was a Ponzi scheme initially launched in 2015. The  current adcredit iteration was launched on or around March, 2016.Headed up by CEO Peter Mueller (right), Ad Pack Pro solicited  €25 EUR investment deposits on the promise of a  €30 EUR ROI.By January 2017 the scheme had collapsed, prompting a flood of complaints to the Public Prosecutors Office in Basel, Switzerland.After some fifty complaints against Ad Pack Pro and Muller had been filed, Public Prosecutors opened an investigation back in May.I’m not entirely sure on the specifics, but it seems the investigation came to a standstill after Ad Pack Pro’s parent…

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VMA Life Review: Vemma pyramid scheme alive and well in Asia

According to a published “company profile”, VMA Life initially launched as Vemma Asia.Vemma Asia wasfounded in 2004 by Kenneth Koh in partnership with BK Boreyko from the United States.Under Kenneth’s careful guidance and leadership, the company has grown to become a regional powerhouse in the field of premium liquid nutrition in Asia over the last 12 years.In 2015 Vemma Asia changed its name to VMA Life.Realizing the huge potential of the Asian market, Vemma Asia re-evaluated and re-strategized its vision and mission, and subsequently, VMAlife was born in late 2015.Well, that’s one way of putting it.In August, 2015 the FTC alleged…

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RegalCoin Review: BitConnect pump and dump altcoin clone

RegalCoin provide no information on their website about who owns or runs the business.The RegalCoin website domain (“regalcoin.co”) was privately registered on July 7th, 2017.Time provided on the RegalCoin website is that of Hong Kong local time. Marketing copy on the site also suggests whoever designed it is not a native English speaker.Posts on the official RegalCoin Twitter page suggest the company first tried to launch in August. That flopped and so they attempted to relaunch on September 21st.As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining…

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My Travel Biz Review: Travel booking engine, recruitment & TravelCoin

My Travel Biz operate in the travel MLM niche. The company does not provide a contact address on its website.The My Travel Biz Facebook page states the company is in Las Vegas, Nevada with no address provided.Heading up My Travel Biz are co-founders Atif Kamran (President) and Geraldine Aquino (CEO).Atif Kamran and Geraldine Aquino are seasoned professionals in the direct selling industry.They have experienced their fair share of successes and have acquired rich experience while building successful global businesses.Geraldine and Atif’s vision to build a business that would showcase only the good of the industry shows their passion to help others…

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The People’s Options Review: Daily crypto mining/trading ROI + lottery

The People’s Options provide no information on their website about who owns or runs the business.The People’s Options website domain (“thepeoplesoptions.com”) was first registered on December 18th, 2015. The domain registration was last updated on December 23rd, 2016.Steven Tiffany of Papa Group LLC is listed as the owner, with an address in the US sate of Minnesota also provided.Further research reveals this address is actually that of a UPS Store.I wasn’t able to find any information on Steven Tiffany’s role within The People’s Options.As always, if an MLM company is not openly upfront about who is running or owns it, think…

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LuLaRoe seek to force mommy blogger to disclose whistleblower sources

LuLaRoe are a fashion-based MLM company that have been around since 2012.Christina Hinks, a former LuLaRoe affiliate,  is a “mommy blogger” who goes by the alias MommyGyver.MommyGyver is also a website, on which Hinks frequently blogs about LuLaRoe.Much like what we publish here on BehindMLM from time to time, MommyGyver’s articles on LuLaRoe are of the whistleblower variety.As I write this a Google search for “lularoe” on MommyGyver returns two hundred and thirty-two hits, most of which are accounts from former affiliates and staff (either directly or as source-material).Hinks (right) claims since she started blogging about LuLaRoe she’s been contacted by “thousands”of…

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Titus Community Review: Towah scammers launch Titus Coin

Titus Community operates in the cryptocurrency niche and is headed up by CEO Maxim Moneta.As per Moneta’s Titus Community corporate bio;He is from Ukraine but has the last five years lived in Stockholm, Sweden, where he has been involved in several startup IT projects.Presumably Titus Community is operated out of Sweden, however the company appears to consist of shell companies in various European jurisdictions.Titus Community is the operating company in the Titus sphere.The community and networking model is essential in the creation of many distributors able to link online and offline merchants to the Titus Coin world.The linked companies will join…

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Joseph Craft banned from appearing before SEC as an accountant

Continuing their pursuit of professionals who enabled the $3 million dollar Ponzi scheme TelexFree, the SEC today announced it has banned Joseph Craft from appearing before them as an accountant.Craft (right) was hired as TelexFree’s accountant in 2012 and served as Chief Financial Officer.Earlier this month Final Judgment was entered against Craft in the SEC’s civil case. The judgment sees Craft return $298,708 in disgorgement (including interest) and pay a $50,000 civil fine.On top of that the SEC has gone after Craft for breaching the Commission’s Rules of Practice.Rule 102(e)(3)(i) of the Commission’s Rules of Practice allow the SEC to go after…

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TelexFree civil case resumes, SEC files second complaint amendment

With criminal proceedings against TelexFree’s James Merrill completed, the SEC filed for a lift on the stay that froze their civil case back in 2014.That motion was granted on September 12th, which will see the SEC resume proceedings against TelexFree, Carlos Wanzeler, Santiago De La Rosa, Randy Crosby and Faith Sloan.James Merrill, Steven Labriola, Joseph Craft and Sann Rodrigues were also included in the initial complaint but have since settled.Whereas Carlos Wanzeler, Randy Crosby and Santiago De La Rosa have kept relatively low profiles since the TelexFree bust, Faith Sloan dubbed herself “CryptoQueen” and has been promoting cryptocurrency trading.Since getting involved…

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KulaBrands hoping to launch $40,000 target IPO

I’m not a fan of KulaBrands’ business model. I see it as crowdfunding manipulation where theoretical ROIs are emphasized over the actual viability of sponsored projects.Typically crowdfunding backers have an interest in the project (be it a product or service). This spurs genuine demand, with enough people sharing that demand seeing the project funded.In KulaBrands that’s still possible but polluted by a financial incentive.To their credit, KulaBrands saw moderate growth throughout 2016 till about August this year. Alexa estimate traffic to the KulaBrands website has since gone into decline.With the MLM business opportunity alone failing to sustain itself, KulaBrands filed a…