Gain Bitcoin Review: 10% a month ROI from bitcoin mining?

May 3, 2017 mlmdetective 0

Gain Bitcoin provide no information on their website about who owns or runs the business.The Gain Bitcoin website domain (“gainbitcoin.com”) was on March 26th, 2013. Mark Lee is listed as the owner, with an address in Singapore also provided.Other than a suspiciously empty LinkedIn profile that credits Lee as CEO of Gain Bitcoin, there is no information available that ties him to the company.Of note is Mark Lee’s location of New Delhi, India on his LinkedIn profile. It is highly unlikely the CEO of a Singapore company would be based in India.It is also highly likely that Mark Lee, as represented…

Valentus counterclaim alleges raiding, extortion & RICO violations

May 2, 2017 mlmdetective 0

Yesterday we covered a lawsuit filed by Valentus’ former SlimRoast coffee supplier, alleging they were owed $3.18 million dollars.In response to the lawsuit Valentus mostly denied the accusations. They also filed a counter-claim of their own, which alleges their former supplier Advanced Laboratories Internationalengaged in a deliberate and calculated campaign to misappropriate Valentus’ goodwill, raid its distributors, and destroy its business.Valentus’ counter-claim has also dragged Vitae Global into the fray as a named counter-defendant.Vitae Global is tied to Advanced Laboratories through owner Louis Volpe. Volpe is a co-founder of Vitae Global, who sell a coffee product (not unlike Valentus’ SlimRoast) supplied…

Zeek Receivership updates for first quarter 2017

May 2, 2017 mlmdetective 0

On May 1st the Zeek Receiver filed his first quarter Status Report for 2017.The report covers settlements received, US and foreign net-winner clawback litigation, various insider lawsuits and the aggregate amount paid out to Zeek affiliates thus far.Settlements ReceivedDuring the first quarter of 2017 the Zeek Receivership received $289,736 ‘from settlements with various third parties who were holding Receivership Assets or against whom the Receiver asserted claims‘.US Net-winner ClawbacksTo date 226 out of the 9000 Net Winner Class have filed a response in agreement with the Receiver’s calculation of how much they stole. 152 net-winners disagreed with the Receiver’s calculations.186 out…

Amazing Living flops, now offering unregistered securities?

May 1, 2017 mlmdetective 0

Amazing Living launched late last year and combined soursop tea with affiliate autoship recruitment.Alexa statistics for the Amazing Living website suggest that after an initial recruitment boom, the company went into rapid decline.In what appears to be an attempt to revive Amazing Living, National Sales Trainer Larry Williams has appeared in a “concept video”.The video, titled “Larry Williams – Amazing Living – “Brand New Concept Video””, was uploaded to William’s personal YouTube channel on April 27th.According to Williams, Amazing Living is now ‘embarking on something that has never been done before in human history‘.[0:25] We’re gunna take an everyday prepaid debit card…

Valentus SlimRoast coffee supplier lawsuit claims $3.18 million owed

May 1, 2017 mlmdetective 0

When I reviewed Vitae Global last week, one of the things I picked up on was the company’s supplier, Advanced Laboratories International and owner Louis Volpe, were also credited with supplying competitor Valentus with their SlimRoast coffee.With Volpe also a named co-founder of Vitae Global, surely there was or was going to be a conflict of interest as, through Advanced Laboratories, he was directly supplying a competitor.Turns out there’s a saga behind the formation of Vitae Global, dating back to early 2016.Today we take a look at the origins of the beef between Valentus and Volpe, starting with a lawsuit filed…

Mama Captain Review: Barrel Coin Ponzi points

April 30, 2017 mlmdetective 0

Mama Captain launched in October, 2015 and operate in the cryptocurrency MLM niche.The company does have an “about us” page on their website, however no information about who owns or runs Mama Captain is provided.The Mama Captain website domain (“mamacaptain.com”) was privately registered on October 14th, 2014.According to Alexa, traffic to the Mama Captain domain is predominantly from Malaysia (55%) and China (42%).This pretty much guarantees that whoever is running Mama Captain is based out of Malaysia, China or both.As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining…

SEC granted default judgement against Trudy Gilmond

April 30, 2017 mlmdetective 0

Trudy Gilmond’s theft of over $2 million dollars from Zeek Rewards victims saw the SEC file legal action against her in 2015.The case progressed throughout 2015 and in early 2016 Judge Mullen scheduled a trial for September, 2017.Not much has happened since then, prompting the SEC to file for a suspension of the current trial schedule.The SEC’s January 27th filing claims that Gilmond (right) has consistently failed to participate in scheduled proceedings.On February 16, 2016, Gilmond filed an Amended Answer at the request of undersigned counsel.After answering the Complaint, however, Gilmond declined to participate further in this litigation.She made no initial disclosures, as…

18 arrested OneCoin scammers remanded to Indian police custody

April 30, 2017 mlmdetective 0

Following the arrest of eighteen OneCoin affiliates in Mumbai, India last weekend, a Judicial Magistrate remanded the accused to judicial custody.As I understand this limits police access to the accused, Mumbai police filed a petition to have the scammers remitted to police custody.DCP (Crime Branch) Dileep Sawant said, “We need police custody for investigating the case and to get all details of the scam.On Friday the petition was granted, giving police full access to the accused until May 3rd.The Indian investigation into OneCoin meanwhile continues to escalate, with the Economic Offenses Wing putting together a fourteen team squad to handle the…

OneCoin threaten to sue SQL blockchain whistleblower

April 29, 2017 mlmdetective 0

Last year the mystery of why OneCoin were using stock video footage to represent their blockchain was solved.OneCoin had no blockchain and were simply recording script-generated Ponzi points allocation on a SQL database.The revelation was made public following a OneCoin blockchain development job offer to Bjorn Bjercke.Bjercke is a professional blockchain developer and, not happy someone with someone with actual technical experience going around countering their own technology claims, OneCoin have now threatened Bjercke with legal action.In a Reddit post published a few hours ago, Bjercke (right) wrote;OneCoin Ltd., with the help of their attorney, has sent me a threatening letter…

BitConnect Review: BitConnect Coin pump & dump with Ponzi ROIs

April 29, 2017 mlmdetective 0

BitConnect provide no information on their website about who owns or runs the business.The BitConnect website domain (“bitconnect.co”) was privately registered on February 9th, 2016.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.BitConnect ProductsBitConnect has no retailable products or services, with affiliates only able to market BitConnect affiliate membership itself.The BitConnect Compensation PlanBitConnect affiliates invest bitcoin on the promise of a “daily profit” ROI.BitConnect convert invested bitcoin into pre-mined BitConnect Coins through an internal exchange.An affiliate can then opt to transfer their…