50 Cent Freedom Review: 50 cent four-tier matrix cash gifting

July 25, 2017 0

50 Cent Freedom provide no information on their website about who owns or runs the business.The 50 Cent Freedom website domain (“50centfreedom.us”) was registered on July 10th, 2017. Sheri Vine is listed as the owner, with an address in Thailand also provided.The admin email used to register the 50 Cent Freedom website uses the domain of “Horizon Homestay”.Horizon Homestay offered rentable apartments in Malacca City, Malaysia.The Facebook link on the Horizon Homestay website points to a Facebook profile by the name of “John Williams”.John Williams claims to be from the UK but currently living in Malacca City itself.MLM underbelly scams promoted by…

Questra World warning issued by Italian regulator

July 25, 2017 0

On July 20th the Commissione Nazionale per le Società e la Borsa (CONSOB), Italy’s top financial regulator, issued a warning against Questra World and Atlantic Global Asset Management.Questra World is a Ponzi scheme fronted by Spanish management, with strong ties to Russian operated Atlantic Global Asset Management.Citing Resolution 20075, CONSOB advisesThe National Commission for Companies and the Stock Exchange has imposed a cautionary suspension, for a period of 90 days, pursuant to article 101, paragraph 4, letter b), of the Consolidated Law on Finance (TUF), on the advertising activity carried out through the Facebook page “facebook.com/QuestraWorldIItaliaAffiliati” related to the offer to…

OneCoin sued in Germany, fail to obtain injunction

July 24, 2017 0

Hire a law firm to send out some extortion threats, tell your investors and sit back and watch them flood social media with claims websites all over the world are getting sued.Turns out in the real world, a Ponzi scheme wishing to silence reporting of financial fraud is a little more complicated.Back in April OneCoin sent German blog Coinspondent an extortion demand of €1440.40 EUR.In addition to handing over the money, OneCoin also wanted Coinspondent to remove and stop covering the regulatory ban of OneCoin in Germany.Through the law firm Lampmann, Haberkamm & Rosenbaum, OneCoin claimed that merely reporting on the ban was “unlawful”.Coinspondent…

Master Coin Plus Review: 120 day bitcoin investment ROI scheme

July 24, 2017 0

Master Coin Plus operate in the cryptocurrency MLM niche and name Thomas Armour as CEO of the company.Armour is based out of Florida in the US. On his LinkedIn profile, Armour cites himself as an “internationally recognized keynote speaker, author, coach, sales trainer, and educator.”Prior to Master Coin Plus Armour (right) was the President of YoCoin.YoCoin is a pump and dump MLM altcoin launched just over a year ago.Affiliates invested up to $2000 in YoCoin. After reaching a pump high of 33.9 cents in early July, 2016, today YoCoin’s dump value is just 0.3 cents.On the affiliate side of things Armour…

USI-Tech Review 2.0: Forex auto-trading dropped for bitcoin Ponzi

July 23, 2017 0

USI-Tech’s original business model saw the company charge affiliates €600 EUR for access to an automated forex trading platform.USI-Tech claimed their bot had made ROIs of up to 150% annually in the past, but provided no proof of past or present trading taking place.The problem with USI-Tech’s original model, at least as far as scamming people goes, is that euro is easily traceable.This prompted USI-Tech’s anonymous owner(s) to relaunch as a cryptocurrency opportunity.According to one USI-Tech affiliate, “Hardly anybody is interested in the forex side” of the business.In the interest of keeping up appearances and appeasing those who did hand over…

Multipure Review: Drinking water filtration systems

July 22, 2017 0

Multipure was founded in 1970 by the brothers Allen and Alvin Rice.The Rice brothers ran the company together until 2015, the year Allen Rice passed.Today Multipure is headed up by CEO Alvin Rice (below right) and headquartered in the US state of Nevada.As per Rice’s corporate bio;For over 40 years, Alvin Rice has been leading and operating Multipure with his brother, H. Allen Rice. In 1970, at the age of 22, Alvin co-founded Multipure.Alvin has spent his entire career dedicated to the operation and growth of Multipure, overseeing everything from Manufacturing, to Marketing, to Business Operations.He is incredibly proud to work…

OneCoin laundering funds through unregistered charity?

July 20, 2017 0

OneCoin’s association with an unregistered charity has caught the attention of the UK’s Charity Commission.According to the Charity Commission, As-Sabur Global is registered with Companies House but not the commission itself.As-Sabur’s founder and only company director, Mohammed Aklim Uddin Saleh Ahmed, appeared with the OneCoin founder Ruja Ignatova in a promotional video.On their website As-Sabur Global list support for domestic violence, shelter for the deaf & blind and disabled, shelter for the elderly, women’s refuge, orphanage and child trafficking as causes they support.As above, the relationship between OneCoin and As-Sabur is described as a “partnership”. Whether this means stolen investor funds…

Wealth Vault Crypto Finance Review: Three-tier matrix cycler

July 20, 2017 0

Wealth Vault Crypto Finance provide no information about who owns or runs the company on their website.The Wealth Vault Crypto Finance website domain (“mywvcf.com”) was first registered on February 20th, 2016. The registration details were last updated on Febuary 19th, 2017.Dusty Williams is listed as the owner of the Wealth Vault Crypto Finance domain. A residential address in the US state of Colorado is also provided.Who is Dusty Williams? No idea. But the official Wealth Vault Crypto Finance Facebook group was created by LaCrisha Wallace on June 14th.Back then it was “Wolverine Crypto Finance”.LaCrisha Wallace (right) first popped up on BehindMLM’s…