Mr CryptoCoins: 80 day 200% ROI bitcoin Ponzi scheme

May 16, 2017 mlmdetective 0

Mr CryptoCoins provide no information on their website about who owns or runs the business.The Mr CryptoCoins website domain (“mrcryptocoins.com”) was privately registered on March 22nd, 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.Mr CryptoCoins ProductsMr CryptoCoins has no retailable products or services, with affiliates only able to market Mr CryptoCoins affiliate membership itself.The Mr CryptoCoins Compensation PlanMr CryptoCoins affiliates invest bitcoin on the promise of a 200% ROI paid in 80 days.In total there are eight packages Mr CryptoCoins affiliates…

John Maxwell to appear at OneCoin sponsored Colombian event

May 16, 2017 mlmdetective 0

John C. Maxwell is an American motivational speaker who, through his John Maxwell Company, hosts leadership conferences all around the world.As per Maxwell’s website;For 40 years, John C. Maxwell has invested in leaders from all walks of life. His unique insights into the nature of leadership have earned him respect across generations of influencers and visionaries.John’s vision for developing and training leaders who then develop and train even more leaders has resulted in a legacy of transformational leadership across the globe.We offer a wide array of leadership development and training programs built on the timeless principles of John C. Maxwell.From assessments…

Best Easy Work Review: Ten-tier “automated” pyramid recruitment

May 16, 2017 mlmdetective 0

A marketing video on the Best Easy Work website features Martin Ruiz, a “website owner” from “Deltona, Florida”.The video is hosted on a YouTube channel bearing the name “Admin Support”, which features a number of similar Best Easy Work marketing videos.The Best Easy Work website domain (“besteasywork.com”) was registered on July 8th, 2016. Martin Ruiz is listed as the owner, with an address in Deltona, Florida also provided.Ruiz (right) appears to have been involved in a number of cash gifting schemes over the years. An extensive list (scroll down or page search “Ruiz”) was compiled over at Real Scam back in 2013.Ruiz’s…

Essens Review: Former FM World affiliates go their own way

May 15, 2017 mlmdetective 0

Essens was founded in 2011 by Viliam Lalinsky, Libor Prus and Michal Kovar (CEO).The company is based out of Brno in the Czech Republic and operates in the personal care and nutrition MLM niches.Prior to co-founding Essens, Viliam Lalinsky and Michal Kovar were involved in FM Group. Possibly due to language-barriers, I was unable to confirm whether Libor Prus was also an FM Group affiliate.FM Group (now FM World) are a Polish based MLM company that market a range of personal care, household and nutrition products.Read on for a full review of the Essens MLM opportunity.Essens ProductsEssens market a range of personal…

U-Mind Space Review: E-commerce, recruitment & securities fraud

May 14, 2017 mlmdetective 0

U-Mind Space provide no information on their website about who owns or runs the business.The U-Mind Space website domain (“u-mind.space”) was registered on August 9th, 2016. Kevin Lee (right) is listed as the owner, with an address in the US state of California also provided.The address featured on the domain differs from the Californian address provided on the U-Mind Space website.The domain address is a residential property in La Canada. The website address belongs to Regus and is virtual in nature.Further research reveals the U-Mind Space domain address appears to belong to Lee (family home).Owing to the generic nature of Lee’s…

Paraguay’s Public Prosecutors investigating D9 Clube Ponzi

May 14, 2017 mlmdetective 0

D9 Clube launched last year and, in addition to Ponzi ROIs and pyramid recruitment commissions, provided affiliates with 52 weeks access to the BetFair betting platform.BetFair is an independent company that has nothing to do with the operation of D9 Clube.Despite this however, BetFair is a key factor in D9 Clube marketing presentations. D9 Clube affiliates commonly insist a partnership exists between the two companies.In response to a recent article exploring the relationship between BetFair and D9 Clube, BetFair have stated their position.Via an official company statement provided to Paraguay’s La Nacion, BetFair clarified;This is not the first time D9 has made totally unverified…

Austrian Public Prosecutor launches OneCoin criminal investigation

May 13, 2017 mlmdetective 0

Early last year Austria’s Federal Ministry of Labour, Social Affairs and Consumer Protection issued a warning against OneCoin.Some point after it appears the Austrian Financial Market Authority (FMA) opened their own investigation, the conclusion of which has now prompted a criminal investigation.The FMA is Austria’s top financial regulator and has the power to impose administrative penalties of up to 10 million euro, or 15% of a company’s total net turnover.Upon investigating OneCoin, the FMA found OneCoin marketing videos that advise affiliates torecruit mainly from their circle of friends and acquaintances, which pays large commissions.This suspiciously sounds like a pyramid scheme.One of the top…

FirstCoin Club Review: Manipulating “public” trading for private profit

May 13, 2017 mlmdetective 0

FirstCoin Club provide no information on their website about who owns or runs the business.The FirstCoin Club website domain (“firstcoin.club”) was privately registered on July 15th, 2016.The FirstCoin Club website cites “Dynamic Global Marketing Ltd” but provides no information about the relationship between the two companies.An address in Dubai is provided, however further research reveals this address belongs to Freemont Group.Freemont Group provide business formation services in Dubai, suggesting FirstCoin Club (and Dynamic Global Marketing LTD) exist in Dubai in name only.As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard…

OneCoin twists arm of blockchain whitepaper author?

May 13, 2017 mlmdetective 0

Reeling from the realization among affiliates that OneCoin currently doesn’t have blockchain, newly appointed CEO Pierre Arens has rushed out a press-release.The May 10th publication seeks to reassure affiliates that he is “wholly satisfied” with OneCoin’s current SQL database “blockchain”.Addressing why the need for an actual OneCoin blockchain then, Arens wrote;In our fast-moving digital environment, you must look constantly to the future.We therefore decided to prepare for that future with the introductionof a next-generation blockchain capability that will support our growth and diversification well into the future.To do this, we engaged the services of a highly qualified specialist consultancy, who were…

Indian OneCoin scammers siphon $11.6 million out of bank accounts

May 12, 2017 mlmdetective 0

Efforts to recover funds stolen by Indian OneCoin affiliates have hit a roadblock, following the revelation that 75 crore ($11.6 million USD) has been withdrawn from bank accounts used to accept invested funds.Indian police arrested eighteen OneCoin affiliates in late April. The accused have since been remanded to police custody, which gives the Mumbai EOW access to interrogate as they continue their investigation.To date $6.6 million USD has been seized from bank accounts connected to OneCoin. Before police froze the accounts however, it seems much more was withdrawn by the account holders.DCP (crime) Tushar Doshi said, “We are probing if Rs 75 crore…