Category: MLM Reviews

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OneCoin operating illegally in Belize, issued cease & desist

Belize, a tax haven in central America, isn’t really known for regulation. It’s seen more of an “anything goes” type jurisdiction.Nevertheless, the International Financial Services Commissions serves as the country’s top financial regulator.Charged with ‘providing appropriate supervision and regulation of international financial services‘ within Belize, earlier today the IFSC issued a cease and desist to OneCoin.The IFSC’s notice addresses OneLife Network Limited, one of the many companies that make up the OneCoin Ponzi scheme.In the regulatory warning, the IFSC identify OneLife Network Limited as “an international business company registered in Belize”.Despite being a registered international company in Belize however, the IFSC claim OneCoin…

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IoniCoin Review: Registered investment bank bitcoin trading?

IoniCoin provide no information on their website about who owns or runs the business.Three contact points are provided on the IoniCoin website, Bulgaria, Germany and the UK, however only email addresses and phone numbers are provided.The IoniCoin website domain (“ionicoin.com”) was registered on April 8th, 2017. “Amsters Clark” is listed as the owner, with an address in Birmingham, UK also provided.Further research reveals this address actually belongs to Mailboxes ETC, who provide virtual office mailing addresses. As such it appears IoniCoin exists in the UK in name only.Somewhat curiously, IoniCoin claim to be a “registered investment bank”.Ionicoin Digital Currency LTD is…

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Power On Xpress collapses, gears up for 3rd relaunch as “WeROn”

So the saying goes, a leopard can’t change its spots.So it is true with many inhabitants of the MLM underbelly, with those seeking to steal money time and time again launching variations of the same scheme.With those running it harboring strong ties to Crypto888 Club, it should come as no surprise Power On Network is now gearing up for its third relaunch within a year.Power On Network initially launched around October 2016. Operating on the basic Ponzi points model, Power On Network affiliates invested in XeCoin points in the hope they’d be able to flip them later for a ROI.XeCoin points…

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iCoinPro Review: $39.95 monthly cryptocurrency training memberships

iCoinPro operate in the cryptocurrency MLM niche and, according to its affiliate policies and procedures, is based out of Texas in the US.The State of Texas is the place of the origin of this Contract and is where the Company accepted the offer of the Applicant to become a Distributor and where the Distributor entered into the Contract with the Company.Heading up iCoinPro is Founder and CEO, Paul De Sousa (right).Known for his dedicated leadership and training abilities to help others in the network marketing industry, along with his vast knowledge, understanding, and experience utilizing Bitcoin and Cryptocurrencies in various capacities,…

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Royaltie Review: Overpriced Bluetooth spam devices?

Royaltie provide no information on their website about who owns or runs the business.A footer on the Royaltie website identifies its parent company as Hiram Lodge Enterprises Corp.The Royaltie affiliate agreement suggests Royaltie and Hiram Lodge Enterprises Corp are based out of Ontario, Canada:This Agreement shall be governed by and construed in accordance with the laws of the Province of Ontario and shall be treated in all respects as an Ontario contract.Each of the parties irrevocably attorns to the jurisdiction of the courts of the Province of Ontario.Further research reveals marketing videos on Royaltie’s official YouTube channel identifying Justin Belobaba as founder and…

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CryptoFundz Review: 30 to 40 day cryptocurrency trading ROIs

CryptoFunds provide no information on their website about who owns or runs the business.The CryptoFundz website domain (“crypofundz.com”) was registered on May 15th, 2017. “Ann E Coleman” is listed as the owner, with a residential address in the US state of North Carolina also provided.There is no third-party information connecting Coleman with CryptoFundz.The official CryptoFundz Facebook group has one admin, Atif Sohail (right).Sohail cites his location as Dubai in the UAE and is/has been involved in MMM India (gifting Ponzi), Worldwide Earning (adcredit Ponzi), Coin Leaders (Ponzi points) and The Ads Team (adcredit Ponzi).Sohail appears to be running CryptoFundz, with Ann Coleman, as…

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The Champ Coin Review: 9% six month ROI Ponzi points

Despite claiming to be “open and honest in our dealings”, The ChampCoin provide no information about who owns or runs the business on their website.The ChampCoin website domain (“thechampcoin.com”) was privately registered on January 25th, 2017.Further research reveals The ChampCoin marketing presentations naming Mahesh Verma as founder of the company. According to his LinkedIn profile, Verma is based out of Haryana, India.Prior to launching The ChampCoin, Verma (right) launched ChampCash.ChampCash pays affiliates to install apps. Each install generates a referral commission, which ChampCash share with affiliates via an MLM compensation plan.Alexa traffic statistics for the ChampCash website show a brief surge in interest in…

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World’s Best Matrix Review: 2×10 matrix bitcoin gifting

World’s Best Matrix provide no information on their website about who owns or runs the business.The World’s Best Matrix website domain (“worldsbestmatrix.com”) was privately registered on April 6th, 2017.The official World’s Best Matrix Facebook group has two admins, John Dierksmeier and Isabelle Thellier. Of the two, Dierksmeier is a known serial MLM underbelly admin.John Dierksmeier (full name John Dierksmeier Quesada) first popped up on BehindMLM’s radar in 2015 as the owner of 2×2 Wealth, a matrix cycler.Other MLM opportunities Dierksmeier has since launched include Only7Bucks, Cafe Nopal, Eco Plus Network, My Secret Fortune and EZAdsNet and Amazing Pre Builder.Earlier this year in January Dierksmeier launched Fund Your Success, a…

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My Next Aim Review: The Ads Leader launch pyramid scheme

My Next Aim provide no information on their website about who owns or runs the business.The My Next Aim website domain (“mynextaim.com”) was privately registered on April 19th, 2017.Further research reveals My Next Aim affiliates connecting the company with The Ads Leader.This appears to be a legitimate connection, with the official The Ads Leader Facebook page currently flooded with My Next Aim marketing spam.The Ads Leader is an adcredit Ponzi scheme launched in early 2017. The Ads Leader marketing plan sees affiliates invest $10 to $90 on the promise of advertised ROIs of up to 160%.By mid-March it appears The Ads…

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Steinkeller Brothers walk away from $2.5 mill monthly OneCoin income?

Siting atop the One DreamTeam OneCoin affiliate downline, the Steinkeller Brothers were purportedly taking home around $2.5 million dollars a month (so claims Ted Nuyten).With an established group of victims in One DreamTeam doing most of the recruiting work, all the brothers had to do was put in appearance at OneCoin events and continue to bank millions of dollars.In the midst of OneCoin promising all manner of things in 2018 (OneCoin going public and actual third-party acceptance of the coin etc.) and the value of OneCoin continuing to rise (as set by the company), the Steinkeller Brothers have announced they’re abandoning ship.Wait… what?The…