MLM Detective POSTS

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SeneGence Review: Recruit affiliates, they buy, you earn (pyramid?)

SeneGence are based out California and operate in the cosmetics MLM niche. The company was founded in 1998 by Joni Rogers-Kante.As per Rogers-Kante’s SeneGence corporate bio;Joni began her career at 16 years of age, working for the Sav-On Corporation.By the age of 23, she was the assistant manager of the top store in the Sav-On chain. Having learned from high level management, buyers and operations experts, she knew the corporate structure was not for her.Armed with a vision and her business education, she pursued her dream of being an entrepreneur.Joni was introduced to a direct selling cosmetic company and recognized the incredible…

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ViOS Review: “Overall health” drink and a meal replacement shake

ViOS are based out of North Carolina in the US and operate in the health and nutrition MLM niche.The company launched in the first quarter of 2016 and is headed up by co-founders Brock Agee and Joseph Land.Prior to co-founding ViOS, Brock Agee was President of Nature’s Pearl.In 2012 Agee was caught up in an FDA warning to Nature’s Pearl regarding cancer claims.In a news video featured on the home page which includes the President of Nature’s Pearl, Brock Agee:• “It [muscadine grapes] has been called the new way to prevent cancer …. ”• “[H]ow doctors hope to stop cancer, one muscadine…

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Is iPro Network a proxy for OneCoin’s US Ponzi scammers?

OneCoin, being the Ponzi scheme that it is, was never going to risk launching in the most tightly regulated market in the world.Despite stringing early OneCoin investors along with promises of a US launch, the charade was quietly dropped in October, 2015.Spear-headed by Sal Leto, Maurice Katz and other affiliates, US OneCoin recruitment went underground.While publicly OneCoin wasn’t operating in the US, through offshore shell companies and bank accounts, unofficially US residents were still being recruited into the scheme.OneCoin management were of course fully aware this was going on, but money is money so they turned a blind eye to it.Fortunately having…

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OneCoin facing fines of up to €5 million EUR in Italy

Back in December the Antitrust and Consumer Protection Authority (AGCM) ordered the suspension of OneCoin promotion in Italy.In early January OneCoin responded to the AGCM’s promotional ban by claiming they’d ‘never promoted OneCoin and/or OneLife in Italy‘.In late January police raids on recruitment events revealed OneCoin was still being promoted locally.This prompted the AGCM to confirm OneCoin was a pyramid scheme and ban the company from operating in Italy entirely.As of March 7th OneCoin has not responded to the AGCM’s ban.As per the AGCM’s order, OneCoin mustsuspend any activity concerned with the promotion and dissemination of OneCoin and training packages related to it andcommunicate…

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Pay Diamond Review: Diamond investment = 5% a week ROI?

Pay Diamond provide no information on their website indicating who owns or runs the business.The Pay Diamond website domain (“paydiamond.com”) was first registered on the 26th of December, 2014. The registration was last updated on November 27th, 2015.“PayDiamond Marketing & Sales Limited” is listed as the domain owner, with a virtual office address in Hong Kong also provided.Alexa traffic statistics reveal that with the exception of Japan (12%), the majority of traffic to the Pay Diamond website originates out of South America.The Pay Diamond website itself is hosted in Brazil and the default language of the Pay Diamond website is Portuguese…

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SportArb Review: Weekly 10% ROI through sports arbitrage?

SportArb provide a UK Companies House registration certificate on their website, which reveals Sport Arbitrage LTD was incorporated in August, 2016.An office address in Birmingham is provided in SportArb’s incorporation documents. Further research reveals this to a suite of offices, with the same address belonging to over three hundred businesses.Four executives are named on the SportArb website; Ronald Wald (CEO), Sid Clive (Senior IT Engineer), Mitch Stew (customer service) and Andres Martin (trader).The SportArb website domain (“sportarb.com”) was registered in August, 2016 by Wald.A LinkedIn profile is provided for each SportArb executive. They all seem pretty suspicious though, with only Sport Arbitrage…

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Renato Rodriguez & partner settle Vizinova fraud charges

On March 2nd the SEC filed a lawsuit against Vizinova and owners Renato Rodriguez (full name: Pablo Renato Rodriguez Arevalo) and Gutemberg Dos Santos.Vizinova launched in March, 2014 and for all intents and purposes was a reboot of Phil Ming Xu’s WCM777 Ponzi scheme.Both Rodriguez and Dos Santos were affiliates in WCM777.In their complaint, the SEC allege that Vizinova was a $5 million dollar Ponzi scheme.Through the shell companies Kingdom Marketing Group, Eagle Holdings Group and FirstNet United, Rodriguez and Dos Santos laundered and kept about 30% of invested funds.There is no U.S.-based entity called Vizinova. Instead, Rodriguez and Dos Santos used Mexican nationals…

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Skyllex Review: $50 to $10 million Russian Ponzi fraud

Skyllex provide no information on their website about who owns or runs the company.The Skyllex website domain (“skyllex.com”) was first registered on July 31st, 2015. The registration was last updated on June 2nd, 2016.The Skyllex domain registration is set to private, providing no information about who owns it.Despite the registration of SKYLLEX PTY LTD (ACN: 612 788 600) with the Australian Securities & Investments Commission, Skyllex otherwise appears to be run by anonymous Russians.Evidence supporting this is as follows:Russia is the first offered language on the Skyllex websiteposts on the official Skyllex Facebook page are predominantly in Russianthe sole admin of the official Skyllex Facebook page…

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GladiaCoin Review: 90 day bitcoin doubler with binary recruitment

There is no information on the GladiaCoin website indicating who owns or runs the business.The GladiaCoin website domain (“gladiacoin.com”) was privately registered on November 26th, 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.The GladiaCoin Product LineGladiaCoin has no retailable products or services, with affiliates only able to market GladiaCoin affiliate membership itself.The GladiaCoin Compensation PlanThe GladiaCoin compensation plan sees affiliates invest bitcoin on the promise of an advertised 90 day 200% ROI.All but the lowest offered GladiaCoin offered investment plan pays…

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5 new money laundering charges against 15 TelexFree individuals

While James Merrill has plead guilty and is scheduled to be sentenced on March 23rd, investigations into TelexFree continue down in Brazil.The latest has seen five money laundering charges filed against fifteen individuals connected to TelexFree.The Federal Public Prosecutor’s Office in Espírito Santo (MPF / ES) has filed five accusations of money laundering against members of Telexfree.Among the accused are Carlos Roberto Costa and Carlos Nataniel Wanzeler, managing partners of the company, as well as associates and relatives of the businessmen.The full list of the accused is as follows:Carlos Nataniel WanzelerCarlos Roberto CostaKatia Helia Wanzeler,  wife of Carlos WanzelerJozélia Miriam Sangali,  wife…