Engofor under investigation by AFM, suspends withdrawals

March 1, 2017 mlmdetective 0

Engofor began life as Cryptocoins Invest back in June last year.Citing an attack by “hackers”, CryptoCoins Invest collapsed and was relaunched as Engofor in December.On February 16th Engofor suspended affiliate withdrawals. Now it has been revealed the company is under investigation by the Netherlands Authority for the Financial Markets.For those unfamiliar with the company, Engofor solicit investment of $10 or more on the promise of daily and monthly ROIs.The only verifiable source of revenue entering Engofor is affiliate investment, making it a Ponzi scheme.As per their website, the Dutch Authority for the Financial Markets (AFM) regulate the Netherlands savings, investment, insurance and loans…

Scoville reveals Ernie Ganz keeping Traffic Hurricane Ponzi funds

March 1, 2017 mlmdetective 0

Relationships between scammers are fickle at best. Throw in a bit of Ponzi greed, potentially millions of dollars and a list of people who’ve bought into math-breaking ROI lie, and all bets are off.As a result of the SEC lawsuit against Traffic Monsoon last year, owner Charles Scoville had his assets frozen. Rather than get an honest job to support himself in the meantime, Scoville sought out donations to fund his legal defense.In the immediate aftermath of the SEC shutdown, Ernie Ganz launched Traffic Monsoon Plus.Ganz (right) was Scoville’s right-hand man in Traffic Monsoon such to the extent Scoville named him…

CryptoMaxx Review: Crypto Mafia reboots after collapse

March 1, 2017 mlmdetective 0

There is no information on the CryptoMaxx website indicating who owns or runs the business.The CryptoMaxx website domain (“cryptomaxx.com”) was privately registered on February 10th, 2017.The CryptoMaxx website domain currently uses name-servers hosted on the Crypto Mafia server. This requires admin permissions, meaning CryptoMaxx is being run by the same people behind Crypto Mafia:This is further confirmed by a visit to the Crypto Mafia website, which now redirects to CryptoMaxx.Crypto Mafia was a bitcoin gifting scheme launched in early January by Ben Oberg. Oberg was still promoting Crypto Mafia up until early February, at which point it was relaunched as CryptoMaxx.Read…

Bitqyck Review: Calorchi relaunched with Bitqy cryptocurrency

March 1, 2017 mlmdetective 0

Bitqyck operate in the cryptocurrency MLM niche and are based out of Texas in the US.The Bitqyck website identifies Sam Mendez as co-founder of the company. The other QyckBit co-founder(s) is/are not disclosed.Mendez first popped up on BehindMLM’s radar as a co-founder of My Shopping Genie back in 2011.Following a six-month period during which My Shopping Genie failed to pay affiliates, the company collapsed in mid 2012.In 2014 Mendez reemerged as the co-founder of 15 Winks, a subscription-based mobile dating app.In 2016 Mendez launched Calorchi, a cryptocurrency based e-commerce platform.Alexa traffic statistics for the Calorchi website suggest the company collapsed in the second half…

SaladMaster Review: Stainless steel cookware with no transparency

February 28, 2017 mlmdetective 0

SaladMaster was founded all the way back in 1946 by Harry Lemmons.So the story goes,In 1946, the Saladmaster brand began in the home of Mr. Harry Lemmons.During that first year, Mr. Lemmons’ sales force grew from just three people to more than 100.Regal Ware Inc. purchased SaladMaster in 1979 and continue to run it to this day.The SaladMaster website provides no information on the company’s management structure.Further research reveals Keith Peterson credited as President of SaladMaster. Why this information is not provided on the SaladMaster website is unclear.Peterson’s LinkedIn profile cites his time at SaladMaster only as “current”. I wasn’t able…

Bitcoin Builder Review: Eight-level deep bitcoin gifting

February 28, 2017 mlmdetective 0

There is no information on the Bitcoin Builder website indicating who owns or runs the business.The Bitcoin Builder website domain (“bitcoinbuilder.club”) was privately registered on February 9th, 2017.According to statistics provided on the Bitcoin Builder website (which admittedly may not be accurate), the US, India and Nigeria are primary sources of revenue for the company.It is highly likely that whoever is running Bitcoin Builder is based out of one or more of these three countries.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…

OneCoin banned in Italy, deemed a pyramid scheme

February 28, 2017 mlmdetective 0

Amid concerns OneCoin was a “deceitful Ponzi scheme”, last December the Italian Antitrust and Consumer Protection Authority (AGCM) ordered affiliates in Italy to stop promoting the company.A preliminary injunction concluded a few weeks later, resulting in an interim injunction banning promotion of OneCoin in Italy.Citing legal opinions the company had paid for, OneCoin dismissed the AGCM’s preliminary findings.On February 27th the AGCM announced they’d concluded their investigation into OneCoin.As per the AGCM’s press-release, the AGCM have banned promotion of OneCoin in Italy. This is a step up from the injunction previously issued, and will take effect until further notice.The AGCM also announced it has…

Global Pay Funds Review: 2×6 matrix cash gifting

February 27, 2017 mlmdetective 0

There is no information on the Global Pay Funds website indicating who owns or runs the business.The Global Pay Funds website domain was privately registered on February 2nd, 2017.If you visit the Global Pay Funds website without an affiliate referral link, the site advises you your upline referrer is the “Global Pay Funds Advertising Administrator”.If you then click the “join” button, the name “sasa puncer smeh” appears as the referring affiliate. This is locked and confirms Smeh is the owner of the site.Smeh appears to be from Austria and was credited as a Star ranked affiliate of Synergy Worldwide back in 2013….

888 Travel For Less Review: THW Global collapses, 2nd bait & switch

February 27, 2017 mlmdetective 0

When it launched mid last year, THW Global touted $25 an hour for watching videos.Trouble is they used Adsense to power these commissions. Adsense strictly prohibit any incentivization to view or click on ads by publishers.After rolling out their platform, it wasn’t long before Adsense cottoned on and banned THW Global’s account.As stated in our program policies, AdSense publishers are not permitted to place Google ads on sites with content related to programs offering incentives to click links or ads, read emails, or surf other websites.Adsense is the biggest advertising publisher network and has been for over a decade. Priority one…

BTC Advantage Review: Bitcoin cash gifting spreads to Brazil

February 26, 2017 mlmdetective 0

There is no information on the BTC Advantage website indicating who owns or runs the business.The BTC Advantage website domain (“btcadvantage.com”) was registered on February 9th, 2017. Lauro Alan Neves de Moraes is listed as the owner, with an address in Santa Caterina, Brazil also provided.Possibly due to language barriers, I was unable to put together an MLM history on Moraes.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.The BTC Advantage Product LineBTC Advantage has no retailable products or services, with affiliates only…