South East European Women Entrepreneurs drop Ignatova

March 5, 2017 mlmdetective 0

In an attempt to score a PR gig for OneCoin, Ruja Ignatova took out corporate sponsorship for the Congress of South East European Women Entrepreneurs’ upcoming March 8th event.The Congress will be held on … 8th of March 2017 in Zagreb and we expect more than 500 woman entrepreneurs from Slovenia, Bosnia and Herzegovina, Montenegro, Macedonia, Serbia and Croatia.Our goal is to make better access and existence of woman´s enterprises on the market of their country but also in the region.The Congress’ annual event is held with assistance with the Croatian capital city of Zagreb, ‘under the auspices of the President…

The Ads Team Academy Review: Adcredit Ponzi goes pyramid

March 4, 2017 mlmdetective 0

The Ads Team Academy is an MLM opportunity launched under The Ads Team brand.The Ads Team is an adcredit Ponzi scheme launched late last year by former OneCoin scammers.The Ads Team Academy appears to be a new attempt to sustain investment into the scheme.Read on for a full review of The Ads Team Academy MLM opportunity.The Ads Team Academy ProductsThe Ads Team Academy has no retailable products or services, with affiliates only able to market The Ads Team Academy affiliate membership itself.The Ads Team Academy affiliate membership provides access to internet marketing ebooks, videos, webinars and coaching sessions.The Ads Team Academy…

2×9 BitMax Review: Matrix-based bitcoin cash gifting

March 4, 2017 mlmdetective 0

There is no information on the 2×9 BitMax website indicating who owns or runs the business.The 2×9 BitMax website domain (“2x9bitmax.com”) was privately registered on January 10th, 2017.The official 2×9 BitMax Facebook group lists five admins; Kamran Baig, Atolagbe Dorlee, Steve John, Martin Germer and Faye Brown.The generic-sounding Steve John is the listed referral if one visits the 2×9 BitMax website without an affiliate referral link. This suggests he is running the show.Unfortunately Steve John doesn’t appear to exist. The Steve John Facebook profile was created in December, 2016 and hosts no content.As always, if an MLM company is not openly…

Star Crypto Mine Review: Perenco backs 1.5% daily ROI Ponzi?

March 4, 2017 mlmdetective 0

There is no information on the Star Crypto Mine website indicating who owns or runs the business.The company does however claim to be asister concern [sic] company of Perenco. Perenco, a Leading Independent Exploration and Production Company for Oil and Gus [sic].Perenco is a legitimate oil and gas exploration company founded in 1975. Other than Star Crypto Mine copying the Perenco website (both in design and content), there is no verifiable information suggesting Perenco and Star Crypto Mine are related in any way.The Star Crypto Mine website domain (“starcryptomine.com”) was privately registered on October 21st, 2016.At the time of publication Alexa…

IGOFX Review: 10-30% monthly forex Ponzi ROIs

March 3, 2017 mlmdetective 0

There is no information on the IGOFX website indicating who owns or runs the business.The IGOFX website domain (“igofx.com”) was first registered on August 13th, 2012.The domain registration were last updated on February 16th, 2017. The IGOFX domain registration is set to private, providing no information on who owns it.Under the company name “IGO Global Limited”, IGOFX have registered themselves as a “dealer in securities” in Vanuatu.That IGOFX have used a shell company to register with the Vanuatu Financial Services Commission is highly suspicious.Alexa currently estimate that Malaysia is the largest source of traffic to the IGOFX domain (55%). China is…

iPro Network Review: Pro coin cryptocurrency with cashback

March 3, 2017 mlmdetective 0

The iPro Network website provides no information about where the company is based out of. It does however name Armando Contreras as iPro Network’s CEO.Curiously, the iPro Network website claims Contreras (right) has owned ‘multinational businesses in various industries Travel, Insurance, IT, and Live Event Conference‘. He also purportedly ‘over 15 years experience in direct sales industry‘.Yet I couldn’t find anything about Contreras non-MLM or MLM businesses. That’s pretty strange for “over 15 years” of network marketing experience.I’m not saying Contreras’ corporate bio is completely made up, but the lack of verifiable third-party information (or even a professional footprint) is highly suspicious.Read…

3 million Nigerians lose $57 million in MMM Nigeria collapse

March 3, 2017 mlmdetective 0

The Nigerian Deposit Insurance Corporation has revealed that an estimated three million Nigerians lost over $57 million USD in the MMM Nigeria collapse.Speaking at an International Trade Fair on Thursday, Hadi Suleiman, NDIC’s Deputy Director of Corporate Affairsexpressed regrets that Nigerians patronised the scheme despite repeated warnings from the Central Bank of Nigeria.The Ponzi scheme is the phenomenon of illegal fund managers, popularly called ‘Wonder Banks’, which have continued to defraud unsuspecting members of the public of their hard earned money.This phenomenon has been a source for concern because despite our repeated warnings over the years, some members of the public have…

2by3 Matrix Club Review: 2×3 matrix bitcoin gifting

March 2, 2017 mlmdetective 0

There is no information on the 2by3 Matrix Club website indicating who owns or runs the business.The 2by3 Matrix Club website domain (“2by3matrix.club”) was privately registered on February 17th, 2017.A 2×2 Matrix Club that appears to have used the same backend was launched earlier this month. 2by3 Matrix Club appears to be run by the same admin(s).Alexa statistics for the 2by2 Matrix Club website suggest the launch was a flop. This likely promoted the launch of 2by3 Matrix Club.As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining…

Infinity BTC Review: 2×5 matrix-based bitcoin gifting

March 2, 2017 mlmdetective 0

There is no information on the Infinity BTC website indicating who owns or runs the business.The Infinity BTC website domain (“infinitybtc.com”) was registered on January 6th, 2017. Jairo Enrique Cruz Feria of “Webzone Colombia” is listed as the owner, with an address in Satandar, Colombia also provided.Webzone Colombia appears to be Colombian web design company. The Infinity BTC website uses Webzone Colombia’s name-servers, however whether Feria owns Infinity BTC or is just working for whoever does is unclear.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…

Renu Sharma granted bail because teachers can’t commit fraud

March 2, 2017 mlmdetective 0

The one person who might have led authorities to Manoj Kumar’s stashed Ponzi funds, has been granted bail.Renu Sharma, wife of Manoj, was arrested by authorities last October. In January the EOW filed a chargesheet against Renu, accusing her of laundering over a hundred million USD.Renu was a signatory and Director of Tulsiyat Tek Pvt Ltd, Tulsient Information Systems Pvt Ltd and Seven Rings Education Pvt Ltd, all of which were used to launder Speak Asia investor funds.The EOW alleged that since 2003 the group along with another accused, Ramnivas Pal, and others were involved in floating different fraudulent schemes in…