MLM Detective POSTS

0

Activz Review: Cure-all for cancer, leukemia, arthritis and diabetes?

Despite having an “Our Team” section on their website, Activz only provides a photo of their management.Further research reveals David Brown crediting himself as Chairman and CEO of Activz on his LinkedIn profile.
Brown (right) is also one of the executives featured in the “Our Team” Activz website photo.
As per Brown’s LinkedIn profile, he has MLM executive experience dating back to 1996.

President, Natural Balance (1996 – 2000)
President/CEO, Metabolife International (2000 – 2003)
President/CEO, LifeVantage (2008 – 2013)
CEO, Yevo (2014 – 2016)

Brown’s last company, Yevo, launched in 2014 with the aim of marketing dehydrated meals.
In 2016 Yevo shut down due to a “lack of…

0

Lyoness reveals only 21% of Cashback World cards used in 2017

One of the common rebuttals we see to Lyoness’ Ponzi scheme is the cashback side of the business.Originally offered through Lyoness itself, the cashback scheme was rebranded as CashBack World last year.
Following the Gaming Board’s decision to ban and then uphold Lyoness’ ban in Norway, the company has filed a second appeal.
In their second appeal, Lyoness reveals some interesting statistics regarding Cashback World card adoption and use.
The problem with citing the Cashback World cashback scheme as a justification for Lyoness’ Shopping Unit Ponzi scheme is twofold;

there is no justification for Ponzi fraud and
what does or doesn’t happen outside of the core…

0

Charles Scoville enters Traffic Monsoon settlement negotiations with SEC

After just over two years of vowing to clear his name and prove Traffic Monsoon wasn’t a Ponzi scheme, Charles Scoville has entered into settlement negotiations with the SEC.The latest Traffic Monsoon developments begin with a July 23rd filing, in which Scoville requests $171,861 in seized Ponzi victim funds to cover his legal costs.
In the filing, Scoville’s attorneys argued the request was “not only necessary … (but also) reasonable”.
Mr. Scoville’s health problems have precluded him from raising funds for his own support, much less to fund a sophisticated opposition and appeal.
As the Court is now aware, Mr. Scoville has had numerous…

0

DasCoin announces fourth public exchange, fails to gain traction

Despite listing itself on four cryptocurrency exchanges you’ve never heard of, Net Leader’s DasCoin has failed to gain any traction through public trading.Not surprising when you consider DasCoin exists solely as an investment vehicle for duped Net Leaders affiliates.
I first became aware of DasCoin’s latest announcement after an investor tried to publish it as some sort of rebuttal to our previous DasCoin coverage.
That prompted me to do some research of my own.
Back in April DasCoin announced it would be listed on three public exchanges; BTC-Alpha, EUBX and CoinFalcon.
This coincided with an initial 17 cent public value. DasCoin’s public value pumped to…

0

Redwood Scientific Technologies fail to communicate with FTC

Last we checked in, Redwood Scientific Technologies was facing fines of $5000 a day for non-compliance with an FTC investigation.Redwood Scientific Technologies is the parent company of the now defunct RengaLife MLM opportunity.
On July 13th the FTC filed a Status Report regarding a database Redwood provided in June.
The FTC allege information crucial to their investigation has been omitted from the database.
Missing information the FTC has identified include a 5 minute TBX-Free television as referenced in Redwood employee emails.
This was a preliminary examination of Redwood’s submitted evidence, with the FTC needing more time for analysis.
As such the regulator declined to seek coercive…

0

Xpirient Review: Travel niche recruitment with pseudo compliance retail

Xpirient provide no information on their website about who owns or runs the business.The Xpirient website domain (“xpirient.com”) was privately registered on September 12th, 2017.
Further research reveals affiliates naming Chris Kent as owner of Xpirient.
On his personal Facebook profile, Kent (right) cites himself as founder of the company.
Why this information is not disclosed on the Xpirient website is unclear.
Prior to founding Xpirient, Kent was an International Marketing Director with WorldVentures.
A residential address in Florida is provided on the Xpirient website.
Furthermore the Xpirient Terms and Conditions names Hillsborough County, Florida as the chosen venue for arbitration.
Read on for a full review of…

0

Argyll Technologies Ponzi under criminal investigation in Taiwan

Following non-payment to investors, Taiwan’s Ministry of Justice have opened a criminal investigation into Argyll Technologies.Despite representing on its website that it was run by a very Anglo-Saxxon looking “Gene Clinton Harris”, Argyll Technologies is in fact run by a group of Taiwanese nationals.
The MoJ’s investigation also revealed the involvement of “several police officers”.
Taiwanese authorities allege Chen Chih-piao (陳志標), Hung Ming-chiu (洪明秋), Lin Yu-tong (林宥彤), Huang Wen-huang (黃文煌) and Tenzing Charlie scammed victims out of $49.03 million USD over the past year.
The suspects have been charged with breaching the Banking Act (銀行法) and the Multi-Level Marketing Supervision Act (多層次傳銷管理法), and some have been charged with money…

0

Nui Review: Cryptocurrency token investment with pseudo-compliance

Nui has its origins in Divvee, a failed “access to discounts” MLM opportunity that launched in mid 2016.When Divvee’s original model failed, the company rebooted as a mobile app promotion platform.
That also failed, prompting Divvee’s descent into unregistered securities.
In late 2017 Divvee merged with Hodo Global. The merger created Nui, which focused on cryptocurrency related unregistered securities.
On July 11th the Texas Securities Board issued Nui and associated companies with a securities fraud cease and desist.
Nui has vowed to challenge the notice, however at the time of publication that’s still playing out.
In the meantime Nui has “restructured” and is heavily pushing pseudo-compliance.
Today…

0

Santiago De La Rosa settles with SEC and TelexFree Trustee

Following denial of his motion to dismiss, Santiago De La Rosa entered settlement negotiations with the SEC and TelexFree Trustee.Those negotiations lead to a proposed settlement, which was approved by the court on July 31st.
Specific details of De La Rosa’s settlement haven’t been made public.
From court filings we know De La Rosa and his wife’s net winnings from TelexFree were calculated to be $585,731.
The SEC’s claims against De La Rosa for $1.7 million, including prejudgment interest.
As part of the approved settlement, De La Rosa will surrender balances in three bank accounts,  two in his name and one held by Magica Media…

0

iMarketsLive “scammers” warning issued by FCA

As I write this Alexa cite the UK as the fourth largest source of traffic to the iMarketsLive website (5.8%).This seems to have caught the attention of the Financial Conduct Authority, who back in May issued an iMarketsLive warning.
The FCA identify iMarketsLive as a company that provides “financial services or products”.
This would require iMarketsLive to register with the FCA for compliance, which they had not done.
As per the FCA’s May 21st warning;
Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us.
However, some firms act without our authorisation and some…