Category: MLM Reviews

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USFIA Receiver seeks $5.3 million clawback from Steve Chen’s ex-wife

While gullible USFIA investors were lead to believe they were investing in GemCoin points backed by valuable amber, on the back-end Steve Chen was siphoning off millions of dollars to enrich himself and his family.One recipient of stolen USFIA investor funds was Wei He, Chen’s ex-wife.The USFIA Receiver alleges He received over five million dollars of invested USFIA funds is seeking full recovery.In an October 17th motion seeking authority to pursue claims against He, the Receiver alleges He, her Wei He Trust and companies Ahomeland Inc. and Golden Ark Inc., received at least $5.3 million dollars of USFIA investor funds.Forensic accounting has…

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Phoenix Power Rising admin arrested for securities fraud

Terri Ann Petty first popped up on BehindMLM’s radar last year, as admin of the Phoenix Power Rising cycler Ponzi.Following complaints from her investors, authorities in Ventura County launched an investigation.Petty was subsequently arrested for securities fraud on August 31st.Phoenix Power Rising was a reboot of a collapsed 2012 scheme bearing the same name.The original Phoenix Power Rising appears to be a continuation of “Project 4 Freedom 2010”, which collapsed in early 2011.Through various Ponzi cyclers under different names, Petty had been scamming people since 2010.Petty is alleged to have used “elaborate false claims” and “promises of spectacular returns” to get…

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#1 Goldmine Review: Email blasters with text and banner ads

#1 Goldmine operates in the advertising MLM niche and identifies Maryanne Myers as owner of the company.On the #1 Goldmine website, Myers claims to have history with websites going back twenty years.I’ve owned websites since 1998 and will be my 20th anniversary when 2018 rolls in.I’ve always done this under my own name in conjunction with the names of: Webstars2000 (Previous, it was outdated name), Webstars2K (CURRENT) or Webstars International LLC (Previous, an LLC was not needed).Other than Pangea, Myers (right) appears to have launched and primarily been involved in low-key “get paid to” opportunities.There’s a relevant thread on RealScam that has been tracking…

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Genusity Review: Bluetooth beacon marketing devices

Genusity operate in the marketing MLM niche and are based out of North Carolina in the US.A marketing video on the Genusity website reveals Randy Thomas and Tim Sebert are co-founders of the company.In the video Sebert claims he’sbeen in the network marketing industry now going on forty-one years this October.Randy Thomas claims he’s been ‘in the network marketing industry for over twenty-six years‘.The most prominent MLM companies they’ve been affiliates of appear to be Skinny Body Care and before that, Global Domains International.In 2015 Sebert and Thomas signed up as HopRocket affiliates. In 2016 they launched the 10x Recruiter pyramid scheme.Today…

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Prime Meridian Enterprises Review: Motor & life insurance policies

Prime Meridian Enterprises provide no information on their website about who owns or runs the business.The Prime Meridian Enterprises website domain (“pme.co.za”) was registered on September 8th, 2007. “WA Networks” is listed as the owner, with an address in Gauteng, South Africa also provided.On their website Prime Meridian Enterprises advise the company is “an authorised Financial Services Provider”.A search of the provided FSP registration number reveals a local address in Bryanston and two “key individuals”; Dane Matthews and Daryl Mulder.I wasn’t able to find any additional information on these individuals.As always, if an MLM company is not openly upfront about who is…

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10xBitcoin Review: Seven-tier 2×15 matrix pyramid recruitment

10xBitcoin provide no information on their website about who owns or runs the business.The 10xBitcoin website domain (“10xbitcoin.com”) was privately registered on January 27th, 2017.Marketing images on the 10xBitcoin website state the company is “a division of Deep Profit Streams”.Further research reveals Thomas Riley (right) crediting himself as CEO of Deep Profit Streams.Deep Profit Streams appears to have launched in 2016 and describes itself as a “revenue sharing” company.In the MLM underbelly, revenue sharing is code for Ponzi scheme.According to an October 7th post on the official Deep Profit Streams Facebook page, 10xBitcoin came about after the SEC shut down the…

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Global Dynamic Marketing Review: Revshare collapses, bitcoin reboot

Global Dynamic Marketing initially launched as a “revshare”.GDM offers a completely new RevShare experience!Unseen commission payout, incredible easy-to-use backoffice and lightning fast support team.In the MLM underbelly, revshare is code for Ponzi scheme.I wasn’t able to pin down exactly when Global Dynamic Marketing launched.The Global Dynamic Marketing website domain (“globaldynamicmarketing.com”) was privately registered on June 10th, 2016.From this we can safely assume the original Global Dynamic Marketing launched sometime in the second half of 2016.Today the original Global Dynamic Marketing website is parked in maintenance mode.Around June 2017 Global Dynamic launched a reboot they’ve branded GDM2.0.The GDM2.0 website domain (“globaldynamicmarketing2.com”) was…

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DuePoint Review: Financial insurance & eCommerce subscriptions

DuePoint operate in the financial services MLM niche and are based out of Gauteng, South Africa.DuePoint list five “team members” on their website, however their specific roles within the company are no defined.Brendan Benfield, Timothy Renolds, Rob Van Der Bijl, Stacey Paul and Jayne Verity are credited with backgrounds in finance and tech.Jayne Verity is the DuePoint team member credited with MLM experience;Having developed direct marketing teams both in the UK and in South Africa, she adds extensive knowledge and experience to DuePoint.Perusal of Verity’s Twitter profile reveals marketing material for The Worlds Biggest Buying Club (2011, now defunct). Other than attendance at…

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ATC Coin founder wanted by police for diverting invested funds

Subash Jewria (aka Subhashchand Jewria) founded the ATC Coin pump and dump altcoin pyramid scheme earlier this year in March.Built on the ATCC cryptocurrency, Jewria offloaded premined ATCC to victims based on the “projected value” of the coin.According to official ATC Coin projections, ATCC was supposed to be worth a minimum ₹25 INR (38 cents USD) by October, 2017.Rather than steady organic growth however and fueled by speculative investment and pyramid recruitment commissions paid through ATC Coin, ATCC peaked at $1.90 USD on September 10th and over the past month has crashed back down to about 64 cents.That’s still higher than the…

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HextraCoin Review: Another cryptocurrency ICO “lending” Ponzi scheme

HextraCoin provide no information on their website about who owns or runs the business.The HextraCoin website domain (“hextracoin.com”) was privately registered on September 9th, 2017.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.HextraCoin ProductsHextraCoin has no retailable products or services, with affiliates only able to market HextraCoin affiliate membership itself.The HextraCoin Compensation PlanHextraCoin affiliates invest in HextraCoin points on the promise of a ROI.invest $100 to $1000 and receive a ROI of up to 48% each month for 239 daysinvest $1010 to…