MLM Detective POSTS

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OneCoin try to extort German cryptocurrency blogger

The news of Germany’s top financial regulator deeming OneCoin illegal has sent shock waves through the OneCoin affiliate base.This has OneCoin management spooked, with the latest ploy a desperate bid to have independent coverage of the ban removed from the internet.As a number of publications were, Coinspondent closely followed the German regulatory crackdown on OneCoin.Able to reach a core audience of German readership and the wider cryptocurrency audience, OneCoin identified Coinspondent’s reporting of developments as a major threat to their business model.Over the last week Coinspondent was sent two letters from two separate law firms, demanding he “pay up, or else”.The…

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Fraud plagues OneCoin’s DealShaker platform

The trouble with running a Ponzi scheme is you attract all manner of seedy people.When OneCoin told affiliates it was suspending withdrawal requests earlier this year, their less than scrupulous investors had to come up with new ways to withdraw money.For affiliates in India, that meant creating new accounts for unsuspecting victims and offloading their OneCoin balances in exchange for cash.For affiliates in China, they saw potential in OneCoin’s DealShaker platform.Launched in January 2017, DealShaker allows OneCoin affiliates to list goods and services in exchange for a combination of real money and OneCoin points.Fees tend to be a bit ridiculous, so other…

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OneCoin under criminal investigation in Thailand, Juha Parhiala?

Following an investor warning from the Bank of Thailand, it has emerged OneCoin is under criminal investigation in Thailand.According various local news reports, OneCoin is under investigation by the Economic Crime Suppression Division, the Office of Consumer Protection and the Department of Special Investigation. The agencies are working with the Ministry of Finance.The Economic Crime Suppression Division and Office of Consumer Protection are part of the Central Investigation Bureau, a division of Thailand’s police.The Department of Special Investigation are a division of Thailand’s Ministry of Justice.It operates independently of the Royal Thai Police and is tasked with the investigation of certain…

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Prime My Body Review: Hemp oil supplement, securities & recruitment

Prime My Body operate in the nutritional supplement MLM niche and are based out of the US state of Texas.Heading up the company is CEO Paul Rogers. The Prime My Body website also identifies Brian Cummings as a co-founder.Somewhat curiously, no other co-founders are provided on the Prime My Body website.On his LinkedIn profile, Paul Rogers (right) cites himself as CEO of Digital International Media Group (DIMG).DIMG is listed as the parent company of Prime My Body.Rodgers first appeared on BehindMLM’s as CEO of CieAura back in 2013.CieAura was an MLM company that manufactured “holographic chips” that targeted energy, chronic pain, rest, sinus…

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OneCoin Global Macau event prohibited by Chinese authorities

Once a year OneCoin management front the company’s affiliate-base and try to keep them interested in the business.It’s not an easy task, and last year was held in London against a backdrop of broken promises (going public and lying about having already signed up hundreds of thousands of merchants).This year’s OneCoin Global event was scheduled to take place in Macau on May 7th.I say was, because apparently Chinese authorities have now been instructed to make sure the event does’t go ahead.In an article published on April 27th, Germany’s Gerlach Report claimChief administrator Fernando Chui has now been instructed to “prohibit the planning of a…

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OneCoin and OneLife ordered to “end all promotion” in Germany

Building on an earlier cease and desist issued to OneCoin Ltd (Dubai), Germany’s top financial regulator BaFin has strengthened the order to essentially cover all of OneCoin’s German operations.The latest April 27th cease and desist sees BaFin orderOnecoin Ltd, Dubai, and OneLife Network Ltd, Belize to dismantle their internet based “OneCoins” trading system and to end all sales promotion activities in Germany immediately.At the same time, BaFin issued a cease and desist order against One Network Services Ltd, Sofia/Bulgaria for the latter’s involvement in the unauthorized trading of “OneCoins” by Onecoin Ltd, Dubai, and OneLife Network Ltd, Belize.BaFin have identified OneCoin as a…

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Bitcoin Golem Review: 9000% ROI in fourteen days?

Bitcoin Golem provide no information on their website about who owns or runs the business.The Bitcoin Golem website domain (“bitcoingolem.com”) was privately registered on March 23rd, 2017.A UK incorporation certificate for “Bitcoin Golem Limited” is provided on the company website. Dominic Graham is listed as the sole Director of the company, through an address in London.Further research reveals the same address is tied to a “Dominic Waters”, listed Director for Lensen Group LTD.Lensen Group is a Ponzi scheme launched in late 2016. The company solicits investment through plans promising a 110% ROI in ten days.Despite sharing the same address and first…

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International Biz 4 All Review: Two-tier matrix cash gifting

International Biz 4 All provide no information on their website about who owns or runs the business.The International Biz 4 All website domain (“internationalbiz4all.com”) was registered with bogus details on April 18th, 2017.The International Biz 4 All website is hosted on a private server, along with a plethora of MLM underbelly scams. This is symptomatic of an admin who has purchased a “business in a box” script.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.International Biz 4 All ProductsInternational Biz 4 All…

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Troy Barnes sentenced to 33 months prison (Achieve Community)

This one looked like it was going to trial but at the eleventh hour Troy Barnes plead guilty to wire fraud.That was back in November last year, with a series of sealed filings mostly keeping things under wraps since.On April 25th however, Barnes’ sentencing hearing finally came up.For his part in orchestrating the Achieve Community Ponzi scheme with Kristi Johnson, Barnes received a 33 month prison sentence.Johnson also plead guilty and was sentenced to 21 months in prison back in February.Barnes will be ordered to the Federal Bureau of Prisons to begin serving his sentence upon designation of a federal facility.All…

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OneCoin run by a “gang of criminals”, $2.9 million seized in India bust

Developments on the Indian OneCoin bust continue to surface, in addition to the President of Thailands primary financial regulator claiming OneCoin is run by “gang of criminals”.Following the detention of four “senior” OneCoin affiliates yesterday, Indian authorities have announced they’ve seized Rs. 189 million ($2.9 million USD).Interrogation of arrested OneCoin affiliates revealed that group alone was responsible for collecting Rs. 5.6 million ($87,418 USD) from seventy-two affiliates.The balance difference appears to be the result of recruitment efforts nationwide.DCP (Crime) Dilip Sawant added, “There are several groups that have been operating across India, by conducting seminars for investors and luring them with huge returns, but Navi…