Tradeco Global Review: “Damn experts” promise 211% bitcoin ROI

May 18, 2018 mlmdetective 0

Tradeco Global provide no information about who owns or runs the company on their website.The Tradeco Global website domain (“”) was privately registered on March 23rd, 2018.
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.
Tradeco Global Products
Tradeco Global has no retailable products or services, with affiliates only able to market Tradeco Global affiliate membership itself.
The Tradeco Global Compensation Plan
Tradeco Global affiliates invest bitcoin on the promise of a 211.5% ROI in 261 days.

Basic – 0.1 BTC
Starter – 0.3 BTC
Advance – 0.5 BTC

NHT Global Review: Pay to play vaginal lubrication

May 17, 2018 mlmdetective 0

NHT Global was launched in 2001 by founder Terry Lexxus International.NHT Global is a subsidiary of National health Trends Corp. and operates in the health, nutrition and personal care MLM niches.
Both companies are based out of California in the US.
Heading up NHT Global is President Chris Sharng (right).
As per Sharng’s National Health Trends Corp corporate bio;
Mr. Sharng was appointed President of NHTC in February 2007.
He previously served as Executive Vice President and CFO of NHTC from August 2004 to February 2007, and during that time he also performed functions of the principal executive officer.
Prior to NHTC, Mr. Sharng held management…

MasBitcoin CEO’s bodyguards gunned down in Mexico

May 16, 2018 mlmdetective 0

Disturbing footage has emerged of MasBitcoin CEO Jorge Sanchez in what appears to be a bulletproof vest.Visibly shaken and covered in blood, Sanchez reveals two of his bodyguards are dead and vows revenge.
MasBitcoin emerged in mid 2017 and operated as your typical MLM cryptocurrency scam.
MasBitcoin affiliates invested bitcoin on the promise of a 5% daily ROI for 40 days (200%).
Pyramid referral commissions were also paid directly and residually through binary and matrix teams.
New investor funds appear to have slowed down in early 2018, prompting MasBitcoin to collapse.
Sometime in February, possibly early March, MasBitcoin informed investors it was shutting down.

Dear users
We are writing…

119 OneCoin arrests in China, $7.1M of Greenwood’s funds frozen

May 16, 2018 mlmdetective 0

Putting to shame the endless parade of warnings issued elsewhere in the world, Chinese authorities have made another 119 OneCoin related arrests.Public court documents have also detailed the recovery of a large sum of money stolen from OneCoin victims, including $7.2 million stashed in a bank account belonging to Sebastian Greenwood.
Authorities in China’s Hunan province began investigating back in 2016. Yesterday authorities in Hunan released information pertaining to another one hundred and nineteen arrests.
Since their arrest, each of the arrested suspects have confessed to participation in OneCoin as an investor. Two of the arrested suspects have already been sentenced to more…

NasdaCoin Review: NSD points ICO lending Ponzi scheme

May 15, 2018 mlmdetective 0

In their published whitepaper, NasdaCoin identify John Baptist as co-founder of the company.Baptist’s Facebook profile states he’s originally from Brazil but currently resides in Suriname, South America.
The other NasdaCoin co-founders are not named. Recent posts on Baptists’ Facebook profile however suggest they may be based out of Dubai and/or Thailand.
John Baptist (right) appears to have a long history within the MLM industry.
I was able to tie him to Jeunesse, as well as the DFRF Enterprises, Game Loot Network, SwissGolden and 4 Corners Alliance Group scams.
Baptist may also have invested in the iPro Network and BitConnect Ponzi schemes.
NasdaCoin marketing material cites Baptist as…

Ominto (Dubli) to delist itself from Nasdaq

May 15, 2018 mlmdetective 0

In a May 14th press-release, Dubli (trading as Ominto) has announced it will voluntarily delist itself from the Nasdaq Capital Market.The official reason for the voluntary delisting is ongoing non-compliance with regulatory filing requirements.
The Company’s decision to withdraw its common stock from listing on the Nasdaq Capital Market is due to the fact that the Company has been unable to timely file its periodic reports for the fiscal year ended September 30, 2017, and the quarter ended December 31, 2017.
As previously disclosed, on each of January 3, 2018, February 22, 2018 and March 1, 2018 the Company received a letter from Nasdaq indicating that the Company is not in compliance…

World Cryptocurrency 101 Review: Automated crypto trading signals

May 13, 2018 mlmdetective 0

World Cryptocurrency 101 (abbreviated as WCC101), provide no information on their website about who owns or runs the business.Two addressed in Ontario are provided, one a condo in Mississauga and the other a skyscraper in Windsor.
The WCC101 website domain (“”) was registered on March 26th, 2018.
Scott Phounpadith is listed as the owner, through yet another address in Windsor, Ontario.
According to his LinkedIn profile, Phounpadith (right) works as an “Independent Software Developer” for the University of Windsor.
Phounpadith’s Intagram profile cites on of his interests as “crypto”, however I was unable to find any specific MLM history.
Thus it appears WCC101 is Phounpadith’s first…

Coin Pool Mining Review: Dragon Mining Tech B2G Ponzi scheme

May 12, 2018 mlmdetective 0

Coin Pool Mining is one of Dragon Mining Tech’s “dragon programs”.Dragon Mining Tech is tied to the collapsed Bitcoiin pump and dump altcoin.
After allegedly raising $75 million dollars for their B2G ICO, Bitcoiin’s anonymous owners abandoned the project and did a runner.
Dragon Mining Tech is what’s left and, through spin-off companies like Start Options, Bitcoin Trading World, Crypto Mining Space, Palilula Mining, BTC Trader Online, BTC Mining Factory and Coin Pool Mining, are trying to milk investors out of even more money.
Dragon Mining Tech is believed to have strong ties to China however, like Bitcoiin, who owns and/or runs the company is not disclosed.
As always, if an MLM company is…

Mining Express Review: “Fixed daily bonus” crypto mining contracts

May 12, 2018 mlmdetective 0

Mining Express provide no information on their website about who owns or runs the business.The Mining Express website domain (“”) was first registered in January, 2004.
The domain registration details were last updated in August, 2017, suggesting this is when the current anonymous owner(s) took possession of it.
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.
Mining Express Products
Mining Express market a $100 “Beginner” investment plan that promises an advertised “fixed daily bonus”. After the first a month an additional $10 fee is also…

FTC seeks liquidation order for crypto assets in MLM pyramid case

May 12, 2018 mlmdetective 0

Citing cryptocurrency as inherently “insecure” and “volatile”, the FTC is seeking a court order requiring defendants to liquidate crypto assets held into USD.The May 11th motion was filed as part of the FTC’s case against Scott Chandler, Louis Gatto, Eric Pinkston & Thomas Dluca.
The four defendants stand accused of scamming the general public through a series of pyramid and/or Ponzi schemes.
The FTC argues liquidation of the defendant’s crypto assets is required
in order to preserve the value of the frozen cryptocurrency and prevent it from being stolen, lost or dissipated.
If granted, the FTC’s requested liquidation order will require Chandler, Gatto, Pinkston and…