MLM Detective POSTS

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Yes My Bitcoin Review: 2% daily cryptocurrency trading ROI?

Yes My Bitcoin provide no information on their website about who owns or runs the business.The Yes My Bitcoin website domain (“yesmybitcoin.net”) was privately registered on March 5th, 2017.At the time of publication Alexa estimate that France is the largest source of traffic to the Yes My Bitcoin website (39%). This suggests that whoever is running Yes My Bitcoin might also based out of France.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.Yes My Bitcoin ProductsYes My Bitcoin has no retailable products or…

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Lyoness a pyramid scheme according to Swiss Court of Appeal

It’s the same old story, a Lyoness affiliate invests in Accounting Units, nobody signs up under them and so they lose thousands of dollars.Between 2014 and 2015 a Lyoness affiliate in Switzerland invested 4500 CHF ($4510 USD).When it became clear he wasn’t going to earn any money, the affiliate asked for a refund.Lyoness refused and so the matter went to court.A lower court ruled in favor of the affiliate last October and ordered Lyoness to return the invested funds.Lyoness appealed the decision and it was passed up to the Zug Canton Court of Appeal.On February 28th the Zug Court of Appeal…

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VenusFX scammers arrested in Malaysia

Following a police investigation that began late last year, news today that several VenusFX scammers have been arrested in Malaysia.For those unfamiliar with the scheme, VenusFX was a Ponzi scheme that promised investors a 480% ROI after 80 days.Rather than generate the advertised ROI via forex trading as claimed, VenusFX simply recycled newly invested funds to pay off existing investors.Launched in mid 2016, by September VenusFX investors were reporting withdrawal problems. Today the VenusFX website redirects to that of Google.As per Malaysian police investigating the case, VenusFX’s collapse generated $18.1 million USD in losses for about 23,000 investors.Following raids across Kuala…

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Charles Scoville fancies himself as the next Mark Cuban

In the aftermath of Traffic Monsoon being declared a Ponzi scheme by a US Court, the most prominent rhetoric to emerge has been comparisons to Mark Cuban’s SEC case.These efforts have been spear-headed by Charles Scoville, in what appears to be the latest attempt to string his victims along.For those unfamiliar with the case, Mark Cuban was sued by the SEC back in 2008 for insider trading.Long story short, the charges against Cuban were dismissed in 2009, the SEC won an appeal in 2010 and a jury decided in Cuban’s favor in 2013.None of this is of course relevant, because Mark…

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Webokane Review: E-books, seminars & pyramid recruitment

Webokane provide no information on their website revealing who owns or runs the business.Webokane is a start-up company, however our team has decades of experience in this industry and management.The Webokane website domain (“webokane.com”) was privately registered on June 7th, 2016.Further research reveals Webokane admin emails signed off on by Dillon Kreider.Dillon Kreider (right) first popped up on BehindMLM’s radar in 2015, as CEO and founder of Trader Agency.Trader Agency was a $100 a position pyramid scheme. Launched in mid 2015, Trader Agency appears to have collapsed by the end of 2015.Today the Trader Agency website redirects to that of Webokane.Read on for a…

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Traffic Monsoon is a Ponzi scheme, preliminary injunction granted

Last July the SEC shut down Traffic Monsoon on the basis it was a Ponzi scheme.Rather than admit he’d stolen millions of dollars through Ponzi fraud and settle, Scoville vowed to defend the case. This saw all manner of nonsensical defenses raised.With the TRO set to expire, in November a preliminary injunction hearing was held.It’s been a long five month wait, but Judge Parrish today confirmed Traffic Monsoon was a Ponzi scheme and granted the SEC’s preliminary injunction.Judge Parrish’s ruling in essence demolishes Traffic Monsoon and Charles Scoville’s pro-Ponzi defense arguments one by one.I’ve reproduced her decisions with respect to core arguments raised below,…

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2×5 Global Help Review: 2×5 matrix bitcoin gifting

2×5 Global Help provide no information on their website about who owns or runs the business.The 2×5 Global Help website domain (“2x5globalhelp.com”) was privately registered on December 20th, 2016.The 2×5 Global Help website currently uses name-servers hosted on the “cjbux.com” domain.Further research reveals CJ Bux was a “get paid to click” scheme launched in mid 2016. Today the CJ Bux website is non-responsive.Whoever was behind CJ Bux however now appears to be behind 2×5 Global Help.Alexa estimates that India (14%) and Nigeria (11%) are currently the largest sources of traffic to the 2×5 Global Help website.As always, if an MLM company…

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Le-Vel’s defamation lawsuit against Lazy Man and Money dismissed

Just over a year ago Le-Vel filed a million dollar plus defamation suit against the Lazy Man and Money blog.Among other things, Le-Vel alleged Lazy Man and Money employed thebusiness model of using the name of a well-known network marketing company next to the word “scam” in order to drive internet traffic.(Lazy Man and Money) published and republished numerous written statements to the public on the internet, asserting as fact that Le-Vel: incentivizes its Promoters to make misrepresentations; is violating FTC guidelines and regulations; is illegally violating FDA marketing restrictions; is an illegal pyramid scheme; is a scam; is not a legitimate…

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Bee-One Review: Incentivized e-commerce purchases & CryptoCarbon

Bee-One are based out of the UK and operate in the cashback e-commerce MLM niche.The company is headed up by Subash George Manuel, who serves as Bee-One’s Director and CEO.A corporate address in London is provided on the Bee-One website. Further research however reveals this to be a virtual address actually owned by Regus.In addition to Bee-One, Manuel (right) also runs Bee International. Bee International is an immigration company specializing in immigration to Canada. Manuel is also active in the Indian cryptocurrency scene through the website Crypto Carbon.As far as I can tell Bee-One is Manuel’s first venture as an MLM executive.Read on for…

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Bit Donar Review: 2×5 matrix bitcoin gifting

Bit Donar provide no information on their website about who owns or runs the business.The Bit Donar website domain (“bitdonar.com”) was privately registered on February 24th, 2017.Alexa currently estimate that 96% of traffic to the Bit Donar website originates out of India. This strongly suggests that Bit Donar is being run out of India itself.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.Bit Donar ProductsBit Donar has no retailable products or services, with affiliates only able to market Bit Donar affiliate membership…