Saivian Ponzi President EJ Dalius buys $16.5 million Miami mansion

February 17, 2018 mlmdetective 0

One of the larger Ponzi scheme launches of 2015 was Saivian.Initially headed up John Sheehan, Saivian’s business model was as pure of a Ponzi scheme as they come:Pay $125 a month, recruit others who did the same and earn up to $3000 a day. That’s it.Despite operating out of the US, for some reason Saivian didn’t attract the attention of the SEC. At least not publicly.One possible reason for this is that Saivian primarily targeted Chinese investors.In mid 2017 Chinese authorities cracked down on the Ponzi scheme and made several arrests.Saivian’s US ownership and management, such as President Eric James Dalius…

Ukey Review: UKEY points ICO lending Ponzi scheme

February 17, 2018 mlmdetective 0

Ukey provide no information on their website about who owns or runs the business.The Ukey website domain (“ukey.io”) was privately registered on December 3rd, 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.Ukey ProductsUkey has no retailable products or services, with affiliates only able to market Ukey affiliate membership itself.The Ukey Compensation PlanUkey affiliates acquire UKEY points from the company’s anonymous owners.UKEY points are sold to Ukey affiliates for between 30 cents to $1 each.Once acquired, UKEY points are “lent” back to…

Carlos Wanzeler stripped of Brazilian citizenship (extradition finally?)

February 17, 2018 mlmdetective 0

Breaking news on US efforts to extradite TelexFree owner Carlos Wanzeler on criminal charges, following a decision to strip Wanzeler of his Brazlian citizenship.Can’t say I saw this one coming…After the SEC shut down the $3 billion dollar Ponzi scheme, it emerged TelexFree co-owner Carlos Wanzeler had fled to Brazil.This was later confirmed to be a calculated move, as Brazil has no extradition treaty with the US for Brazilian citizens.Wanzeler has remained a fugitive hiding out in Brazil since his 2014 indictment for fraud and conspiracy.On Thursday February 15th, the Brazilian Ministry of Justice formally cancelled Carlos Wanzeler’s Brazilian citizenship.Details have been…

Avon closing Australia and New Zealand, 21,000+ reps abandoned

February 17, 2018 mlmdetective 0

On February 15th Avon announced it would be closing operations in Australia and New Zealand by the end of 2018.From the sounds of it, Avon’s announcement came as a complete surprise to the company’s 21,400 Australian representatives.How many representatives Avon has in New Zealand is unclear.What’s particularly surprising about Avon’s abrupt announcement is the company’s reasoning.Although Avon did send out an email to its AU and NZ affiliates, general consensus seems to be most found out through a post made by the “AvonAUSNZ” Facebook profile a few hours later.As at the time of publication the AvonAUSNZ Facebook announcement has attracted over…

Another $1.8 mill collected from Zeek Rewards net-winners

February 16, 2018 mlmdetective 0

The Zeek Rewards Receiver files his quarter four report for 2017 on February 15th.The Zeek Receivership has mostly wound down, however a few outstanding clawback related tasks remain.In no particular order, key information from the Zeek Receiver’s fourth quarter report is as follows:$1,826,585 was collected from net-winner settlements throughout the quarterThe Payza PaymentsWorld VictoriaBank saga is still under appeal with a decision pendingDawn Wright-Olivares’ Arkansas home is expected to be listed for sale sometime during this quarter (2018)members of the US net-winner class tried to get out of clawback by filing various motions, all of which were denied last monthwork on…

Seigneur Coin Review: SEI points ICO lending Ponzi scheme

February 16, 2018 mlmdetective 0

Seigneur Coin provide no information on their website about who owns or runs the company.The Seigneur Coin website domain (“seigneurcoin.co”) was privately registered on December 15th, 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.Seigneur Coin ProductsSeigneur Coin has no retailable products or services, with affiliates only able to market Seigneur Coin affiliate membership itself.The Seigneur Coin Compensation PlanSeigneur Coin affiliates acquire SEI points from the company’s anonymous owners.SEI points are sold to Seigneur Coin affiliates for 90 cents to $1.50 each.Once…

USI-Tech securities cease trade order issued in Ontario

February 16, 2018 mlmdetective 0

Whereas USI-Tech regulatory warnings by other Canadian provinces have been mostly passive (alerts, warnings etc.), Ontario has upped the stakes by issuing a temporary cease trade order against the company and two affiliates.The temporary cease trade order, issued by the Ontario Securities Commission on February 15th, names USI-Tech and local affiliates Eleanor Parker and Casey Combden as respondents.I wasn’t able to find anything on Eleanor Parker but Casey Combden (right) cites himself on Twitter as a “Network Marketing Expert”.At issue is USI-Tech’s BTC Package Ponzi scheme, which the Ontario Securities Commission has classified as an unregistered securities offering.Eleanor Parker and Casey…

Bitcoiin sign Steven Seagal as ICO Brand Ambassador?

February 15, 2018 mlmdetective 0

When you’re just another pump and dump altcoin launch in a see of thousands, you can either work on actually adding to cryptocurrency or try to gimmick your way to legitimacy.Through the hiring of Steven Seagal as Brand Ambassador, take a guess which route BitCoiin have chosen.So as Brand Ambassador for BitCoiin, what exactly does Seagal bring to the cryptocurrency industry?Not a lot it seems, with a Medium press-release reading like self-promotion for the “Zen Master” more than anything.A February 13th press-release from “John Williams” (nothing suss) goes into a bit more detail.After meeting with officials from B2G, bitcoiin, organizers of…

Digital Altitude prelim injunction hearing delayed, TRO extended

February 15, 2018 mlmdetective 0

Following a Temporary Restraining Order granted against Digital Altitude and owner Michael Force on January 29th, a preliminary injunction hearing was scheduled for February 15th.On February 12th the FTC filed a joint Stipulation to a Continuance of the hearing, which was granted the same day.The joint stipulation filed by the FTC requested a continuance based on the Defendant’s initial responses.Nearly all of the Defendants have expressed a desire for additional time to explore the possibility of stipulating to a Preliminary Injunction, and, in the event such an agreement cannot be reached, to prepare for a hearing on the matter.The stipulation also…

Vital Card Review: 1% credit cashback with a 1% Cash Rewards Pool

February 15, 2018 mlmdetective 0

Vital Card operate in the financial services MLM niche and appear to be based out of California.Heading up the company are co-founders Chris Bridges (Chairman) and Vincent Bradley (CEO).According to the Vital Card website, they area team of entrepreneurs, bankers, lawyers and creative tech individuals that share a common goal of launching a credit card where the community comes first.We are results-driven innovators who have worked on successful products at companies including Google, Charles Schwab, PWC Goldman Sachs and Card.com.Prior to co-founding Vital Card, Chris Bridges and Vincent Bradley separately and respectively launched Vessix (2013) and Flash Funders (2011).Vessix has since…