MLM Detective POSTS

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Dennis Gray’s RICO lawsuit dismissed after he rejoins Talk Fusion

In late 2015 former affiliate Dennis Gray filed a class-action RICO lawsuit against Talk Fusion.In his lawsuit Gray alleged he had beendeceived by the Talk Fusion’s misleading business opportunity, falsely believing it was a legitimate way to earn money, and did lose money as a result of Defendants’ unfair and unlawful business practices.Gray (right) alleged those “unlawful business practices” are the operation of ‘a pyramid scheme disguised as a multi-level marketing (“MLM”) company‘.The case played out and in August, 2016, was dismissed for lack of jurisdiction in California and transferred to Florida.There the case continued for almost another year, before it was…

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Mema Review: Third-party telephonic services

Mema provide no information on their website about who owns or runs the business.The Mema website domain (“mema.co.za”) was registered by Quinton Le Grange on August 3rd, 2008.Quinton registered the Mema address through a PO Box in Cape Town, South Africa.On his Facebook profile Le Grange states he “works at Mema”. Whether he owns the company 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 handing over any money.Mema ProductsMema markets a range of third-party telephonic services:emergency medicalpersonal health advisorroadside assistancehome assistancetax and financial assistance andlegal…

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WesternCoin Review: WNC altcoin tied to Ponzi fraud

WesternCoin provide no information on their website about who owns or runs the business.The WesternCoin website domain (“westerncoin.co”) was privately registered on September 14th, 2017.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.WesternCoin ProductsWesternCoin has no retailable products or services, with affiliates only able to market WesternCoin affiliate membership itself.The WesternCoin Compensation PlanWesternCoin affiliates invest in the WNC crypocurrency on the promise of monthly ROIs of up to 45%.invest $100 to $499 and receive a monthly ROI of up to 45% for…

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iMarketsLive investment warning issued in Colombia

According to Alexa, Colombia is currently the fourth largest source of traffic to the iMarketsLive domain.The recruitment efforts of Alex Morton and his posse haven’t gone unnoticed by the Superintendencia Financiera de Colombia, who earlier today issued an investment warning against iMarketsLive.The Superintendencia Financiera de Colombia is Colombia’s SEC equivalent and is the top financial regulator in the country.In an October 10th press-release the regulator warns of “illegal financial activity” related to the promotion of iMarketsLive in Colombia.iMARKETSLIVE is not supervised by the Superfinanciera and is not authorized to offer products or services from the financial sector or from the foreign…

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Affinity Business Network Review: Health insurance lacking information

Affinity Business Network provide no information on their website about who owns or runs the business.The Affinity Business Network website domain (“affinitybn.co.za”) was registered by “affinitybn” on June 6th, 2016.An address in Gauteng, South Africa is provided, which is presumably where Affinity Business Network is operated from.Further research reveals Fred Andalaft (right) crediting himself as founder of Affinity Business Network on his LinkedIn profile.Why this information isn’t provided on the Affinity Business Network website is unclear.Other than a marketing interview on LinkedIn, there isn’t any information publicly available on Andalaft’s history prior to founding Affinity Business Network.Presumably Affinity Business Network is Andalaft’s first…

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USI-Tech lied about $70 million dollar BitFury contract?

Not content with spreading lies about registering their Ponzi scheme with the SEC, USI-Tech and their affiliates are spreading porky pies about a contract with BitFury.For those unfamiliar with the company, BitFury claim to be a “full service Blockchain technology company”.The Bitfury Group develops and delivers both the software and the hardware solutions necessary for businesses, governments, organizations and individuals to securely move an asset across the Blockchain.USI-Tech marketing material promoting a $70 million dollar deal between the company and BitFury began circulating about three days ago.Irish USI-Tech affiliate Aoibhin Sheehy, aka “KingsOfBitcoin”, wrote in a Steemit post dated October 7th;Seems…

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My Cycler to reboot as cryptocurrency mining package Ponzi

Manos Sergakis launched My Cycler a year ago after his One World Ads Ponzi scheme collapsed.My Cycler offers Ponzi ROIs through a five-tier matrix cycler.Alexa traffic estimates show a decline in My Cycler traffic  throughout 2017:What this means for a cycler Ponzi is that recruitment has slowed down such that the majority, if not all of the company-wide matrices have stalled.In a nutshell, over the past year Sergakis (right) has stolen who knows how much money from My Cycler affiliates. He’s achieved this through admin positions and funds attached to positions trapped in stalled matrices.Rather than cut his losses, admit the majority…

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BTC Team Profits Review: Ten-tier matrix bitcoin gifting

BTC Team Profits provide no information on their website about who owns or runs the business.The BTC Team Profits website domain (“btcteamprofits.com”) was privately registered on August 19th, 2017.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.BTC Team Profits ProductsBTC Team Profits has no retailable products or services, with affiliates only able to market BTC Team Profits affiliate membership itself.The BTC Team Profits Compensation PlanBTC Team Profits gift bitcoin to each other each month via a 5×10 matrix.A 5×10 matrix places an…

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Leniex Review: 360 day ROIs of up to 288%

Leniex provide no information on their website about who owns or runs the business.The Leniex website domain (“leniex.com”) was privately registered on May 30th, 2017.Leniex provide incorporation documents on their website for Leniex Inc. in New York.This appears to be a shell incorporation purchased for $125 on July 18th. The address used to incorporate Leniex Inc belongs to a third-party office space supplier.Alexa estimates traffic to the Leniex website exclusively originates out of Europe. The use of Telegram and corporate Vkontakte social media profile strongly suggests Leniex is being run by admin(s) in Russia or the Ukraine.As always, if an MLM…

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Global Domains International Review: .WS domains and recruitment

Global Domains International, also known as GDI, operate in the technology MLM niche.The company launched in 2000 and is based in the US state of California.Further research reveals the corporate address provided on the GDI website belongs to Regus. Whether GDI actually have a physical presence in California is unclear.Heading up GDI are co-founders Michael Starr (CEO) and Alan Ezeir (President).At least that’s according to the GDI website.On his LinkedIn profile Alan Ezeir cites his time at GDI coming to an end as of September, 2016.In addition to getting involved in cryptocurrency, Ezeir founded Circle Square Capital in November, 2016.Circle Square…